| Summary of financial information for Charter |
Summarized unaudited financial information for Charter is as follows (amounts in millions):
Charter condensed consolidated balance sheet
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June 30, 2016
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December 31, 2015
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Current assets
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$
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2,325
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345
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Property and equipment, net
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33,358
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8,345
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Goodwill
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29,692
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1,168
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Intangible assets, net
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82,399
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6,862
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Other assets
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1,421
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22,596
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Total assets
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$
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149,195
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39,316
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Current liabilities
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$
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8,807
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1,972
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Deferred income taxes
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26,339
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1,590
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Long-term debt
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60,132
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35,723
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Other liabilities
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2,885
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77
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Equity
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51,032
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(46)
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Total liabilities and shareholders’ equity
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$
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149,195
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39,316
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Charter condensed consolidated statement of operations
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Three months ended
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Six months ended
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June 30,
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June 30,
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2016
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2015
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2016
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2015
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Revenue
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$
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6,161
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2,430
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8,691
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4,792
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Cost and expenses:
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Operating costs and expenses (excluding depreciation and amortization)
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(4,004)
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(1,601)
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(5,675)
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(3,182)
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Depreciation and amortization
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(1,436)
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(528)
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(1,975)
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(1,042)
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Other operating expenses, net
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(31)
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(32)
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(49)
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(50)
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(5,471)
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(2,161)
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(7,699)
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(4,274)
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Operating income
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690
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269
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992
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518
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Interest expense
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(593)
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(229)
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(1,047)
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(518)
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Other income (expense), net
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(162)
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(127)
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(170)
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(133)
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Income tax benefit (expense)
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3,179
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(35)
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3,151
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(70)
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Net income (loss)
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3,114
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(122)
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2,926
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(203)
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Less: Net income attributable to noncontrolling interests
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47
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—
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47
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—
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Net income (loss) attributable to Charter shareholders
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$
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3,067
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(122)
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2,879
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(203)
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