Liberty Broadband Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

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

3 Months Ended

Mar. 31, 2016

Investments in Affiliates Accounted for Using the Equity Method

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

the excess basis is $2,357 million as of March 31, 2016 and has been allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):


Property and equipment	$	335
Customer relationships		542
Franchise fees		1,451
Trademarks		36
Goodwill		965
Debt		(120)
Deferred income tax liability		(852)
	$	2,357

Summary of financial information for Charter

Summarized unaudited financial information for Charter is as follows (amounts in millions):

Charter condensed consolidated balance sheet


	March 31, 2016		December 31, 2015
Current assets	$	1,612	345
Property and equipment, net		8,294	8,345
Goodwill		1,168	1,168
Intangible assets, net		6,806	6,862
Other assets		22,644	22,596
Total assets	$	40,524	39,316
Current liabilities	$	1,925	1,972
Deferred income taxes		1,618	1,590
Long-term debt		37,124	35,723
Other liabilities		76	77
Equity		(219)	(46)
Total liabilities and shareholders’ equity	$	40,524	39,316

Charter condensed consolidated statement of operations


	Three months ended
	March 31,
	2016		2015
Revenue	$	2,530	2,362
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		(1,671)	(1,581)
Depreciation and amortization		(539)	(514)
Other operating expenses, net		(18)	(18)
		(2,228)	(2,113)
Operating income		302	249
Interest expense		(454)	(289)
Other income (expense), net		(8)	(6)
Income tax benefit (expense)		(28)	(35)
Net income (loss)	$	(188)	(81)