| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter of $8,967 million as of June 30, 2022 is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
|
2022 |
|
2021 |
|
Property and equipment |
|
$ |
627 |
|
661 |
|
Customer relationships |
|
|
2,437 |
|
2,537 |
|
Franchise fees |
|
|
3,897 |
|
3,828 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,105 |
|
4,024 |
|
Debt |
|
|
(512) |
|
(535) |
|
Deferred income tax liability |
|
|
(1,616) |
|
(1,626) |
|
|
|
$ |
8,967 |
|
8,918 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
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|
|
|
|
|
|
|
|
June 30, 2022 |
|
December 31, 2021 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
3,738 |
|
3,566 |
|
Property and equipment, net |
|
|
34,472 |
|
34,310 |
|
Goodwill |
|
|
29,563 |
|
29,562 |
|
Intangible assets, net |
|
|
70,727 |
|
71,406 |
|
Other assets |
|
|
4,758 |
|
3,647 |
|
Total assets |
|
$ |
143,258 |
|
142,491 |
|
Current liabilities |
|
$ |
11,395 |
|
12,458 |
|
Deferred income taxes |
|
|
19,123 |
|
19,096 |
|
Long-term debt |
|
|
94,468 |
|
88,564 |
|
Other liabilities |
|
|
4,759 |
|
4,217 |
|
Equity |
|
|
13,513 |
|
18,156 |
|
Total liabilities and shareholders’ equity |
|
$ |
143,258 |
|
142,491 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,598 |
|
12,802 |
|
26,798 |
|
25,324 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,193 |
|
7,882 |
|
16,327 |
|
15,593 |
|
Depreciation and amortization |
|
|
2,240 |
|
2,354 |
|
4,534 |
|
4,795 |
|
Other operating expenses, net |
|
|
(62) |
|
(9) |
|
(61) |
|
293 |
|
|
|
|
10,371 |
|
10,227 |
|
20,800 |
|
20,681 |
|
Operating income |
|
|
3,227 |
|
2,575 |
|
5,998 |
|
4,643 |
|
Interest expense, net |
|
|
(1,109) |
|
(1,004) |
|
(2,169) |
|
(1,987) |
|
Other income (expense), net |
|
|
79 |
|
(132) |
|
102 |
|
(80) |
|
Income tax (expense) benefit |
|
|
(489) |
|
(281) |
|
(834) |
|
(497) |
|
Net income (loss) |
|
|
1,708 |
|
1,158 |
|
3,097 |
|
2,079 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(237) |
|
(138) |
|
(423) |
|
(252) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,471 |
|
1,020 |
|
2,674 |
|
1,827 |
|
|