Annual report pursuant to Section 13 and 15(d)

Investment in Charter Accounted for Using the Equity Method (Tables)

v3.6.0.2
Investment in Charter Accounted for Using the Equity Method (Tables)
12 Months Ended
Dec. 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

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

 

 

 

 

 

Property and equipment

    

$

222.2

 

Customer relationships

 

 

386.1

 

Franchise fees

 

 

1,170.2

 

Trademarks

 

 

29.2

 

Goodwill

 

 

145.6

 

Debt

 

 

(37.5)

 

Deferred income tax liability

 

 

(672.1)

 

 

 

$

1,243.7

 

 

Summary of financial information for Charter

 

Consolidated Balance Sheets

 

 

 

 

 

 

 

 

    

December 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

amounts in millions

 

Current assets

 

$

3,300

 

345

 

Property and equipment, net

 

 

32,963

 

8,345

 

Goodwill

 

 

29,509

 

1,168

 

Intangible assets

 

 

81,924

 

6,862

 

Other assets

 

 

1,371

 

22,596

 

Total assets

 

$

149,067

 

39,316

 

Current liabilities

 

$

9,572

 

1,972

 

Deferred income taxes

 

 

26,665

 

1,590

 

Long-term debt

 

 

59,719

 

35,723

 

Other liabilities

 

 

2,745

 

77

 

Equity

 

 

50,366

 

(46)

 

Total liabilities and equity

 

$

149,067

 

39,316

 

 

Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

amounts in millions

 

Revenue

 

$

29,003

 

9,754

 

9,108

 

Cost and expenses:

 

 

 

 

 

 

 

 

Operating costs and expenses (excluding depreciation and amortization)

 

 

18,655

 

6,426

 

5,973

 

Depreciation and amortization

 

 

6,907

 

2,125

 

2,102

 

Other operating expenses, net

 

 

86

 

89

 

62

 

 

 

 

25,648

 

8,640

 

8,137

 

Operating income

 

 

3,355

 

1,114

 

971

 

Interest expense

 

 

(2,499)

 

(1,306)

 

(911)

 

Loss on extinguishment of debt

 

 

(111)

 

(128)

 

 —

 

Other income (expense), net

 

 

75

 

(11)

 

(7)

 

Income tax (expense) benefit

 

 

2,925

 

60

 

(236)

 

Net earnings (loss)

 

 

3,745

 

(271)

 

(183)

 

Less: Net income attributable to noncontrolling interests

 

 

(223)

 

 —

 

 —

 

Net Income (loss) attributable to Charter shareholders

 

$

3,522

 

(271)

 

(183)