| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter of $9,136 million as of March 31, 2022 is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
|
|
2022 |
|
2021 |
|
Property and equipment |
|
$ |
676 |
|
661 |
|
Customer relationships |
|
|
2,537 |
|
2,537 |
|
Franchise fees |
|
|
3,935 |
|
3,828 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,150 |
|
4,024 |
|
Debt |
|
|
(534) |
|
(535) |
|
Deferred income tax liability |
|
|
(1,657) |
|
(1,626) |
|
|
|
$ |
9,136 |
|
8,918 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
March 31, 2022 |
|
December 31, 2021 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
5,516 |
|
3,566 |
|
Property and equipment, net |
|
|
34,173 |
|
34,310 |
|
Goodwill |
|
|
29,563 |
|
29,562 |
|
Intangible assets, net |
|
|
71,046 |
|
71,406 |
|
Other assets |
|
|
3,650 |
|
3,647 |
|
Total assets |
|
$ |
143,948 |
|
142,491 |
|
Current liabilities |
|
$ |
13,929 |
|
12,458 |
|
Deferred income taxes |
|
|
19,070 |
|
19,096 |
|
Long-term debt |
|
|
90,679 |
|
88,564 |
|
Other liabilities |
|
|
4,326 |
|
4,217 |
|
Equity |
|
|
15,944 |
|
18,156 |
|
Total liabilities and shareholders’ equity |
|
$ |
143,948 |
|
142,491 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
Three months ended |
|
March 31, |
|
2022 |
|
2021 |
|
|
amounts in millions |
Revenue |
$ |
13,200 |
|
12,522 |
Cost and expenses: |
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
8,134 |
|
7,711 |
Depreciation and amortization |
|
2,294 |
|
2,441 |
Other operating expenses, net |
|
1 |
|
302 |
|
|
10,429 |
|
10,454 |
Operating income |
|
2,771 |
|
2,068 |
Interest expense, net |
|
(1,060) |
|
(983) |
Other income (expense), net |
|
23 |
|
52 |
Income tax (expense) benefit |
|
(345) |
|
(216) |
Net income (loss) |
|
1,389 |
|
921 |
Less: Net income attributable to noncontrolling interests |
|
(186) |
|
(114) |
Net income (loss) attributable to Charter shareholders |
$ |
1,203 |
|
807 |
|