| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
|
|
2022 |
|
2021 |
|
Property and equipment |
|
$ |
573 |
|
661 |
|
Customer relationships |
|
|
2,330 |
|
2,537 |
|
Franchise fees |
|
|
3,847 |
|
3,828 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,047 |
|
4,024 |
|
Debt |
|
|
(472) |
|
(535) |
|
Deferred income tax liability |
|
|
(1,573) |
|
(1,626) |
|
|
|
$ |
8,781 |
|
8,918 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
September 30, 2022 |
|
December 31, 2021 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
3,754 |
|
3,566 |
|
Property and equipment, net |
|
|
35,005 |
|
34,310 |
|
Goodwill |
|
|
29,563 |
|
29,562 |
|
Intangible assets, net |
|
|
70,436 |
|
71,406 |
|
Other assets |
|
|
4,911 |
|
3,647 |
|
Total assets |
|
$ |
143,669 |
|
142,491 |
|
Current liabilities |
|
$ |
11,595 |
|
12,458 |
|
Deferred income taxes |
|
|
19,153 |
|
19,096 |
|
Long-term debt |
|
|
95,510 |
|
88,564 |
|
Other liabilities |
|
|
5,061 |
|
4,217 |
|
Equity |
|
|
12,350 |
|
18,156 |
|
Total liabilities and shareholders’ equity |
|
$ |
143,669 |
|
142,491 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,550 |
|
13,146 |
|
40,348 |
|
38,470 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,247 |
|
7,958 |
|
24,574 |
|
23,551 |
|
Depreciation and amortization |
|
|
2,177 |
|
2,270 |
|
6,711 |
|
7,065 |
|
Other operating expenses, net |
|
|
202 |
|
(9) |
|
141 |
|
284 |
|
|
|
|
10,626 |
|
10,219 |
|
31,426 |
|
30,900 |
|
Operating income |
|
|
2,924 |
|
2,927 |
|
8,922 |
|
7,570 |
|
Interest expense, net |
|
|
(1,160) |
|
(1,016) |
|
(3,329) |
|
(3,003) |
|
Other income (expense), net |
|
|
(37) |
|
(157) |
|
65 |
|
(237) |
|
Income tax (expense) benefit |
|
|
(360) |
|
(347) |
|
(1,194) |
|
(844) |
|
Net income (loss) |
|
|
1,367 |
|
1,407 |
|
4,464 |
|
3,486 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(182) |
|
(190) |
|
(605) |
|
(442) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,185 |
|
1,217 |
|
3,859 |
|
3,044 |
|
|