Annual report pursuant to Section 13 and 15(d)

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

v3.8.0.1
Investment in Charter Accounted for Using the Equity Method (Tables)
12 Months Ended
Dec. 31, 2017
Investments in Affiliates Accounted for Using the Equity Method  
Schedule of allocation of excess basis within memo accounts used for equity accounting purposes

Such amount has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):

 

 

 

 

 

Property and equipment

    

$

361

 

Customer relationships

 

 

689

 

Franchise fees

 

 

1,670

 

Trademarks

 

 

29

 

Goodwill

 

 

986

 

Debt

 

 

(98)

 

Deferred income tax liability

 

 

(662)

 

 

 

$

2,975

 

 

Summary of financial information for Charter

 

Consolidated Balance Sheets 

 

 

 

 

 

 

 

 

    

December 31,

 

December 31,

 

 

 

2017

 

2016

 

 

 

amounts in millions

 

Current assets

 

$

2,555

 

3,300

 

Property and equipment, net

 

 

33,888

 

32,963

 

Goodwill

 

 

29,554

 

29,509

 

Intangible assets

 

 

79,270

 

81,924

 

Other assets

 

 

1,356

 

1,371

 

Total assets

 

$

146,623

 

149,067

 

Current liabilities

 

$

11,090

 

9,572

 

Deferred income taxes

 

 

17,314

 

26,665

 

Long-term debt

 

 

68,186

 

59,719

 

Other liabilities

 

 

2,502

 

2,745

 

Equity

 

 

47,531

 

50,366

 

Total liabilities and equity

 

$

146,623

 

149,067

 

 

Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

amounts in millions

 

Revenue

 

$

41,581

 

29,003

 

9,754

 

Cost and expenses:

 

 

 

 

 

 

 

 

Operating costs and expenses (excluding depreciation and amortization)

 

 

26,541

 

18,655

 

6,426

 

Depreciation and amortization

 

 

10,588

 

6,907

 

2,125

 

Other operating expenses, net

 

 

346

 

985

 

89

 

 

 

 

37,475

 

26,547

 

8,640

 

Operating income

 

 

4,106

 

2,456

 

1,114

 

Interest expense

 

 

(3,090)

 

(2,499)

 

(1,306)

 

Loss on extinguishment of debt

 

 

(40)

 

(111)

 

(128)

 

Other income (expense), net

 

 

52

 

974

 

(11)

 

Income tax (expense) benefit

 

 

9,087

 

2,925

 

60

 

Net earnings (loss)

 

 

10,115

 

3,745

 

(271)

 

Less: Net income attributable to noncontrolling interests

 

 

(220)

 

(223)

 

 —

 

Net Income (loss) attributable to Charter shareholders

 

$

9,895

 

3,522

 

(271)