Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
Investment in Charter Accounted for Using the Equity Method (Tables)
6 Months Ended
Jun. 30, 2026
Investment in Charter Accounted for Using the Equity Method  
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,

2026

2025

Property and equipment, net

  ​ ​ ​

$

9

183

Customer relationships, net

 

94

1,596

Franchise fees

 

850

Trademarks

 

6

Goodwill

 

1,519

Debt

 

(99)

(121)

Deferred income tax liability

 

(1)

(628)

$

3

3,405

Summary of financial information for Charter

Charter condensed consolidated balance sheets

  ​ ​ ​

June 30, 2026

December 31, 2025

 

amounts in millions

Current assets

$

4,973

5,144

Property and equipment, net

 

47,955

46,444

Goodwill

 

29,710

29,710

Intangible assets, net

 

67,709

67,911

Other assets

 

5,271

5,004

Total assets

$

155,618

154,213

Current liabilities

$

13,778

13,306

Deferred income taxes

 

20,237

19,841

Long-term debt

 

92,960

94,006

Other liabilities

 

6,742

6,541

Equity

 

21,901

20,519

Total liabilities and shareholders’ equity

$

155,618

154,213

Charter condensed consolidated statements of operations

Three months ended

  ​ ​ ​

Six months ended

 

June 30,

June 30,

2026

2025

2026

2025

 

amounts in millions

Revenue

$

13,526

13,766

27,123

27,501

Cost and expenses:

Operating costs and expenses (excluding depreciation and amortization)

 

8,215

8,230

16,378

16,424

Depreciation and amortization

 

2,197

2,176

4,408

4,357

Other operating (income) expense, net

 

51

81

66

204

10,463

10,487

20,852

20,985

Operating income

3,063

3,279

6,271

6,516

Interest expense, net

 

(1,276)

(1,263)

(2,532)

(2,504)

Other income (expense), net

212

(107)

88

(249)

Income tax (expense) benefit

 

(475)

(414)

(940)

(859)

Net income (loss)

1,524

1,495

2,887

2,904

Less: Net income attributable to noncontrolling interests

(232)

(194)

(432)

(386)

Net income (loss) attributable to Charter shareholders

$

1,292

1,301

2,455

2,518