| 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, |
|
|
|
|
2026 |
|
2025 |
|
Property and equipment, net |
|
$ |
160 |
|
183 |
|
Customer relationships, net |
|
|
1,517 |
|
1,596 |
|
Franchise fees |
|
|
850 |
|
850 |
|
Trademarks |
|
|
6 |
|
6 |
|
Goodwill |
|
|
1,479 |
|
1,519 |
|
Debt |
|
|
(111) |
|
(121) |
|
Deferred income tax liability |
|
|
(606) |
|
(628) |
|
|
|
$ |
3,295 |
|
3,405 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
December 31, 2025 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,960 |
|
5,144 |
|
Property and equipment, net |
|
|
47,198 |
|
46,444 |
|
Goodwill |
|
|
29,710 |
|
29,710 |
|
Intangible assets, net |
|
|
67,795 |
|
67,911 |
|
Other assets |
|
|
4,981 |
|
5,004 |
|
Total assets |
|
$ |
154,644 |
|
154,213 |
|
Current liabilities |
|
$ |
12,375 |
|
13,306 |
|
Deferred income taxes |
|
|
20,049 |
|
19,841 |
|
Long-term debt |
|
|
94,414 |
|
94,006 |
|
Other liabilities |
|
|
6,736 |
|
6,541 |
|
Equity |
|
|
21,070 |
|
20,519 |
|
Total liabilities and shareholders’ equity |
|
$ |
154,644 |
|
154,213 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31, |
|
|
|
2026 |
|
2025 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,597 |
|
13,735 |
|
Cost and expenses: |
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,163 |
|
8,194 |
|
Depreciation and amortization |
|
|
2,211 |
|
2,181 |
|
Other operating (income) expense, net |
|
|
15 |
|
123 |
|
|
|
|
10,389 |
|
10,498 |
|
Operating income |
|
|
3,208 |
|
3,237 |
|
Interest expense, net |
|
|
(1,256) |
|
(1,241) |
|
Other income (expense), net |
|
|
(124) |
|
(142) |
|
Income tax (expense) benefit |
|
|
(465) |
|
(445) |
|
Net income (loss) |
|
|
1,363 |
|
1,409 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(200) |
|
(192) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,163 |
|
1,217 |
|
|