| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
|
|
2025 |
|
2024 |
|
Property and equipment, net |
|
$ |
254 |
|
280 |
|
Customer relationships, net |
|
|
1,675 |
|
1,751 |
|
Franchise fees |
|
|
3,843 |
|
3,843 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
3,742 |
|
3,845 |
|
Debt |
|
|
(239) |
|
(251) |
|
Deferred income tax liability |
|
|
(1,391) |
|
(1,413) |
|
|
|
$ |
7,913 |
|
8,084 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
December 31, 2024 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,968 |
|
4,233 |
|
Property and equipment, net |
|
|
43,359 |
|
42,913 |
|
Goodwill |
|
|
29,674 |
|
29,674 |
|
Intangible assets, net |
|
|
68,286 |
|
68,437 |
|
Other assets |
|
|
4,667 |
|
4,763 |
|
Total assets |
|
$ |
150,954 |
|
150,020 |
|
Current liabilities |
|
$ |
13,672 |
|
13,486 |
|
Deferred income taxes |
|
|
18,822 |
|
18,845 |
|
Long-term debt |
|
|
91,970 |
|
92,134 |
|
Other liabilities |
|
|
5,968 |
|
5,848 |
|
Equity |
|
|
20,522 |
|
19,707 |
|
Total liabilities and shareholders’ equity |
|
$ |
150,954 |
|
150,020 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31, |
|
|
|
2025 |
|
2024 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,735 |
|
13,679 |
|
Cost and expenses: |
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,194 |
|
8,396 |
|
Depreciation and amortization |
|
|
2,181 |
|
2,190 |
|
Other operating (income) expense, net |
|
|
123 |
|
(38) |
|
|
|
|
10,498 |
|
10,548 |
|
Operating income |
|
|
3,237 |
|
3,131 |
|
Interest expense, net |
|
|
(1,241) |
|
(1,316) |
|
Other income (expense), net |
|
|
(142) |
|
(89) |
|
Income tax (expense) benefit |
|
|
(445) |
|
(446) |
|
Net income (loss) |
|
|
1,409 |
|
1,280 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(192) |
|
(174) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,217 |
|
1,106 |
|
|