| Schedule of performance measures |
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|
|
|
|
|
|
|
|
|
|
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|
Three months ended September 30, |
|
|
|
2019 |
|
2018 |
|
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
3,713 |
|
(1,105) |
|
3,518 |
|
(683) |
|
Charter |
|
|
11,450,000 |
|
4,072,000 |
|
10,892,000 |
|
3,933,000 |
|
Corporate and other |
|
|
— |
|
(3,481) |
|
— |
|
(1,515) |
|
|
|
|
11,453,713 |
|
4,067,414 |
|
10,895,518 |
|
3,930,802 |
|
Eliminate equity method affiliate |
|
|
(11,450,000) |
|
(4,072,000) |
|
(10,892,000) |
|
(3,933,000) |
|
Consolidated Liberty Broadband |
|
$ |
3,713 |
|
(4,586) |
|
3,518 |
|
(2,198) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, |
|
|
|
2019 |
|
2018 |
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
10,918 |
|
(3,174) |
|
18,680 |
|
4,393 |
|
Charter |
|
|
34,003,000 |
|
12,255,000 |
|
32,403,000 |
|
11,779,000 |
|
Corporate and other |
|
|
— |
|
(8,703) |
|
— |
|
(4,807) |
|
|
|
|
34,013,918 |
|
12,243,123 |
|
32,421,680 |
|
11,778,586 |
|
Eliminate equity method affiliate |
|
|
(34,003,000) |
|
(12,255,000) |
|
(32,403,000) |
|
(11,779,000) |
|
Consolidated Liberty Broadband |
|
$ |
10,918 |
|
(11,877) |
|
18,680 |
|
(414) |
|
|
| Schedule of segment reporting information |
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|
September 30, 2019 |
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|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
20,462 |
|
— |
|
75 |
|
Charter |
|
|
145,267,000 |
|
— |
|
4,913,000 |
|
Corporate and other |
|
|
12,151,585 |
|
12,067,329 |
|
— |
|
|
|
|
157,439,047 |
|
12,067,329 |
|
4,913,075 |
|
Eliminate equity method affiliate |
|
|
(145,267,000) |
|
— |
|
(4,913,000) |
|
Consolidated Liberty Broadband |
|
$ |
12,172,047 |
|
12,067,329 |
|
75 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
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|
|
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|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months |
|
|
|
September 30, |
|
ended September 30, |
|
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
|
|
|
(amounts in thousands) |
|
Adjusted OIBDA |
|
$ |
(4,586) |
|
(2,198) |
|
(11,877) |
|
(414) |
|
Stock-based compensation |
|
|
(2,531) |
|
(1,397) |
|
(7,670) |
|
(4,198) |
|
Depreciation and amortization |
|
|
(471) |
|
(501) |
|
(1,408) |
|
(2,309) |
|
Operating income (loss) |
|
|
(7,588) |
|
(4,096) |
|
(20,955) |
|
(6,921) |
|
Interest expense |
|
|
(6,123) |
|
(5,967) |
|
(19,008) |
|
(17,039) |
|
Share of earnings (loss) of affiliates, net |
|
|
61,633 |
|
84,739 |
|
141,882 |
|
126,952 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(11,219) |
|
(3,203) |
|
(68,944) |
|
(35,165) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(433) |
|
5,678 |
|
(433) |
|
3,659 |
|
Other, net |
|
|
350 |
|
250 |
|
1,179 |
|
668 |
|
Earnings (loss) before income taxes |
|
$ |
36,620 |
|
77,401 |
|
33,721 |
|
72,154 |
|
|