Annual report pursuant to Section 13 and 15(d)

Investments in Affiliates Accounted for Using the Equity Method (Tables)

v3.3.1.900
Investments in Affiliates Accounted for Using the Equity Method (Tables)
12 Months Ended
Dec. 31, 2015
Investments in Affiliates Accounted for Using the Equity Method  
Summary of financial information for Charter

Consolidated Balance Sheets

 

 

 

 

 

 

 

 

    

December 31,

 

December 31,

 

 

 

2015

 

2014

 

 

 

amounts in millions

 

Current assets

 

$

345

 

345

 

Property and equipment, net

 

 

8,345

 

8,373

 

Goodwill

 

 

1,168

 

1,168

 

Intangible assets

 

 

6,862

 

7,111

 

Other assets

 

 

22,596

 

7,391

 

Total assets

 

$

39,316

 

24,388

 

Current liabilities

 

$

1,972

 

1,635

 

Deferred income taxes

 

 

1,590

 

1,648

 

Long-term debt

 

 

35,723

 

20,887

 

Other liabilities

 

 

77

 

72

 

Equity

 

 

(46)

 

146

 

Total liabilities and equity

 

$

39,316

 

24,388

 

 

Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

amounts in millions

 

Revenue

 

$

9,754

 

9,108

 

8,155

 

Cost and expenses:

 

 

 

 

 

 

 

 

Operating costs and expenses (excluding depreciation and amortization)

 

 

6,426

 

5,973

 

5,345

 

Depreciation and amortization

 

 

2,125

 

2,102

 

1,854

 

Other operating expenses, net

 

 

89

 

62

 

47

 

 

 

 

8,640

 

8,137

 

7,246

 

Operating income

 

 

1,114

 

971

 

909

 

Interest expense

 

 

(1,306)

 

(911)

 

(846)

 

Loss on extinguishment of debt

 

 

(128)

 

 —

 

(123)

 

Other income (expense), net

 

 

(11)

 

(7)

 

11

 

Income tax (expense) benefit

 

 

60

 

(236)

 

(120)

 

Net earnings (loss)

 

$

(271)

 

(183)

 

(169)

 

 

Schedule of allocation of excess basis within memo accounts used for equity accounting purposes

Such amount has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):

 

 

 

 

 

 

Property and equipment

    

$

354.7

 

Customer relationships

 

 

566.6

 

Franchise fees

 

 

1,451.4

 

Trademarks

 

 

36.2

 

Goodwill

 

 

935.0

 

Debt

 

 

(126.1)

 

Deferred income tax liability

 

 

(833.2)

 

 

 

$

2,384.6