| Schedule of performance measures |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
|
|
2020 |
|
2019 |
|
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
4,114 |
|
(1,045) |
|
3,747 |
|
(876) |
|
Charter |
|
|
11,696,000 |
|
4,487,000 |
|
11,347,000 |
|
4,123,000 |
|
Corporate and other |
|
|
— |
|
(6,362) |
|
— |
|
(3,298) |
|
|
|
|
11,700,114 |
|
4,479,593 |
|
11,350,747 |
|
4,118,826 |
|
Eliminate equity method affiliate |
|
|
(11,696,000) |
|
(4,487,000) |
|
(11,347,000) |
|
(4,123,000) |
|
Consolidated Liberty Broadband |
|
$ |
4,114 |
|
(7,407) |
|
3,747 |
|
(4,174) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, |
|
|
|
2020 |
|
2019 |
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
8,218 |
|
(1,767) |
|
7,205 |
|
(2,069) |
|
Charter |
|
|
23,434,000 |
|
8,876,000 |
|
22,553,000 |
|
8,183,000 |
|
Corporate and other |
|
|
— |
|
(10,621) |
|
— |
|
(5,222) |
|
|
|
|
23,442,218 |
|
8,863,612 |
|
22,560,205 |
|
8,175,709 |
|
Eliminate equity method affiliate |
|
|
(23,434,000) |
|
(8,876,000) |
|
(22,553,000) |
|
(8,183,000) |
|
Consolidated Liberty Broadband |
|
$ |
8,218 |
|
(12,388) |
|
7,205 |
|
(7,291) |
|
|
| Schedule of segment reporting information |
|
|
|
|
|
|
|
|
|
|
|
June 30, 2020 |
|
|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
18,912 |
|
— |
|
35 |
|
Charter |
|
|
145,136,000 |
|
— |
|
3,338,000 |
|
Corporate and other |
|
|
12,316,487 |
|
12,306,593 |
|
— |
|
|
|
|
157,471,399 |
|
12,306,593 |
|
3,338,035 |
|
Eliminate equity method affiliate |
|
|
(145,136,000) |
|
— |
|
(3,338,000) |
|
Consolidated Liberty Broadband |
|
$ |
12,335,399 |
|
12,306,593 |
|
35 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months |
|
|
|
June 30, |
|
ended June 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
|
(amounts in thousands) |
|
Adjusted OIBDA |
|
$ |
(7,407) |
|
(4,174) |
|
(12,388) |
|
(7,291) |
|
Stock-based compensation |
|
|
(1,933) |
|
(2,523) |
|
(3,734) |
|
(5,139) |
|
Depreciation and amortization |
|
|
(492) |
|
(469) |
|
(985) |
|
(937) |
|
Operating income (loss) |
|
|
(9,832) |
|
(7,166) |
|
(17,107) |
|
(13,367) |
|
Interest expense |
|
|
(5,131) |
|
(6,342) |
|
(10,992) |
|
(12,885) |
|
Share of earnings (loss) of affiliates, net |
|
|
158,128 |
|
45,400 |
|
219,810 |
|
80,249 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(46,001) |
|
(16,322) |
|
(105,326) |
|
(57,725) |
|
Other, net |
|
|
28 |
|
406 |
|
191 |
|
829 |
|
Earnings (loss) before income taxes |
|
$ |
97,192 |
|
15,976 |
|
86,576 |
|
(2,899) |
|
|