| 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):
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
|
2023 |
|
2022 |
|
Property and equipment |
|
$ |
468 |
|
524 |
|
Customer relationships |
|
|
2,135 |
|
2,230 |
|
Franchise fees |
|
|
3,843 |
|
3,809 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,024 |
|
3,975 |
|
Debt |
|
|
(382) |
|
(450) |
|
Deferred income tax liability |
|
|
(1,493) |
|
(1,505) |
|
|
|
$ |
8,624 |
|
8,612 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
December 31, 2022 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
3,929 |
|
4,017 |
|
Property and equipment, net |
|
|
37,546 |
|
36,039 |
|
Goodwill |
|
|
29,672 |
|
29,563 |
|
Intangible assets, net |
|
|
69,618 |
|
70,135 |
|
Other assets |
|
|
4,850 |
|
4,769 |
|
Total assets |
|
$ |
145,615 |
|
144,523 |
|
Current liabilities |
|
$ |
11,975 |
|
12,065 |
|
Deferred income taxes |
|
|
18,982 |
|
19,058 |
|
Long-term debt |
|
|
95,971 |
|
96,093 |
|
Other liabilities |
|
|
4,660 |
|
4,758 |
|
Equity |
|
|
14,027 |
|
12,549 |
|
Total liabilities and shareholders’ equity |
|
$ |
145,615 |
|
144,523 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,659 |
|
13,598 |
|
27,312 |
|
26,798 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,305 |
|
8,193 |
|
16,816 |
|
16,327 |
|
Depreciation and amortization |
|
|
2,172 |
|
2,240 |
|
4,378 |
|
4,534 |
|
Other operating (income) expenses, net |
|
|
(58) |
|
(62) |
|
(48) |
|
(61) |
|
|
|
|
10,419 |
|
10,371 |
|
21,146 |
|
20,800 |
|
Operating income |
|
|
3,240 |
|
3,227 |
|
6,166 |
|
5,998 |
|
Interest expense, net |
|
|
(1,298) |
|
(1,109) |
|
(2,563) |
|
(2,169) |
|
Other income (expense), net |
|
|
(85) |
|
79 |
|
(189) |
|
102 |
|
Income tax (expense) benefit |
|
|
(444) |
|
(489) |
|
(818) |
|
(834) |
|
Net income (loss) |
|
|
1,413 |
|
1,708 |
|
2,596 |
|
3,097 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(190) |
|
(237) |
|
(352) |
|
(423) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,223 |
|
1,471 |
|
2,244 |
|
2,674 |
|
|