| 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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September 30, 2016
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December 31, 2015
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Current assets
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$
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2,781
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345
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Property and equipment, net
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32,881
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8,345
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Goodwill
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30,165
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1,168
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Intangible assets, net
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81,684
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6,862
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Other assets
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1,386
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22,596
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Total assets
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$
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148,897
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39,316
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Current liabilities
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8,647
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1,972
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Deferred income taxes
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26,260
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1,590
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Long-term debt
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59,946
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35,723
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Other liabilities
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2,969
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77
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Equity
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51,075
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(46)
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Total liabilities and shareholders’ equity
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$
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148,897
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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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Nine months ended
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September 30,
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September 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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10,037
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2,450
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18,728
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7,242
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Cost and expenses:
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Operating costs and expenses (excluding depreciation and amortization)
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(6,482)
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(1,620)
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(12,157)
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(4,802)
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Depreciation and amortization
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(2,437)
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(538)
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(4,412)
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(1,580)
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Other operating expenses, net
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(194)
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(19)
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(243)
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(69)
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(9,113)
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(2,177)
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(16,812)
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(6,451)
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Operating income
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924
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273
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1,916
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791
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Interest expense, net
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(724)
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(353)
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(1,771)
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(871)
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Other income (expense), net
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66
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(8)
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(104)
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(141)
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Income tax benefit (expense)
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(16)
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142
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3,135
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72
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Net income (loss)
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250
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54
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3,176
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(149)
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Less: Net income attributable to noncontrolling interests
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61
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—
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108
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—
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Net income (loss) attributable to Charter shareholders
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$
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189
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54
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3,068
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(149)
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