| 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):
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
|
2025 |
|
2024 |
|
Property and equipment, net |
|
$ |
230 |
|
280 |
|
Customer relationships, net |
|
|
1,716 |
|
1,751 |
|
Franchise fees |
|
|
3,843 |
|
3,843 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
3,661 |
|
3,845 |
|
Debt |
|
|
(166) |
|
(251) |
|
Deferred income tax liability |
|
|
(1,413) |
|
(1,413) |
|
|
|
$ |
7,900 |
|
8,084 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
December 31, 2024 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,812 |
|
4,233 |
|
Property and equipment, net |
|
|
44,187 |
|
42,913 |
|
Goodwill |
|
|
29,674 |
|
29,674 |
|
Intangible assets, net |
|
|
68,140 |
|
68,437 |
|
Other assets |
|
|
4,776 |
|
4,763 |
|
Total assets |
|
$ |
151,589 |
|
150,020 |
|
Current liabilities |
|
$ |
14,556 |
|
13,486 |
|
Deferred income taxes |
|
|
18,757 |
|
18,845 |
|
Long-term debt |
|
|
91,863 |
|
92,134 |
|
Other liabilities |
|
|
6,045 |
|
5,848 |
|
Equity |
|
|
20,368 |
|
19,707 |
|
Total liabilities and shareholders’ equity |
|
$ |
151,589 |
|
150,020 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,766 |
|
13,685 |
|
27,501 |
|
27,364 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,230 |
|
8,173 |
|
16,424 |
|
16,569 |
|
Depreciation and amortization |
|
|
2,176 |
|
2,170 |
|
4,357 |
|
4,360 |
|
Other operating (income) expense, net |
|
|
81 |
|
79 |
|
204 |
|
41 |
|
|
|
|
10,487 |
|
10,422 |
|
20,985 |
|
20,970 |
|
Operating income |
|
|
3,279 |
|
3,263 |
|
6,516 |
|
6,394 |
|
Interest expense, net |
|
|
(1,263) |
|
(1,328) |
|
(2,504) |
|
(2,644) |
|
Other income (expense), net |
|
|
(107) |
|
(85) |
|
(249) |
|
(174) |
|
Income tax (expense) benefit |
|
|
(414) |
|
(427) |
|
(859) |
|
(873) |
|
Net income (loss) |
|
|
1,495 |
|
1,423 |
|
2,904 |
|
2,703 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(194) |
|
(192) |
|
(386) |
|
(366) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,301 |
|
1,231 |
|
2,518 |
|
2,337 |
|
|