| 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):
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2025 |
|
2024 |
|
Property and equipment, net |
|
$ |
183 |
|
280 |
|
Customer relationships, net |
|
|
1,596 |
|
1,751 |
|
Franchise fees |
|
|
850 |
|
3,843 |
|
Trademarks |
|
|
6 |
|
29 |
|
Goodwill |
|
|
1,519 |
|
3,845 |
|
Debt |
|
|
(121) |
|
(251) |
|
Deferred income tax liability |
|
|
(628) |
|
(1,413) |
|
|
|
$ |
3,405 |
|
8,084 |
|
|
| Summary of financial information for Charter |
Charter Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
|
2025 |
|
2024 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
5,144 |
|
4,233 |
|
Property and equipment, net |
|
|
46,444 |
|
42,913 |
|
Goodwill |
|
|
29,710 |
|
29,674 |
|
Intangible assets, net |
|
|
67,911 |
|
68,437 |
|
Other assets |
|
|
5,004 |
|
4,763 |
|
Total assets |
|
$ |
154,213 |
|
150,020 |
|
Current liabilities |
|
$ |
13,306 |
|
13,486 |
|
Deferred income taxes |
|
|
19,841 |
|
18,845 |
|
Long-term debt |
|
|
94,006 |
|
92,134 |
|
Other liabilities |
|
|
6,541 |
|
5,848 |
|
Equity |
|
|
20,519 |
|
19,707 |
|
Total liabilities and shareholders' equity |
|
$ |
154,213 |
|
150,020 |
|
Charter Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2025 |
|
2024 |
|
2023 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
54,774 |
|
55,085 |
|
54,607 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
32,739 |
|
33,167 |
|
33,405 |
|
Depreciation and amortization |
|
|
8,711 |
|
8,673 |
|
8,696 |
|
Other operating (income) expense, net |
|
|
416 |
|
127 |
|
(53) |
|
|
|
|
41,866 |
|
41,967 |
|
42,048 |
|
Operating income |
|
|
12,908 |
|
13,118 |
|
12,559 |
|
Interest expense, net |
|
|
(5,042) |
|
(5,229) |
|
(5,188) |
|
Other income (expense), net |
|
|
(408) |
|
(387) |
|
(517) |
|
Income tax (expense) benefit |
|
|
(1,692) |
|
(1,649) |
|
(1,593) |
|
Net income (loss) |
|
|
5,766 |
|
5,853 |
|
5,261 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(779) |
|
(770) |
|
(704) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
4,987 |
|
5,083 |
|
4,557 |
|
|