| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter of $3,351 million as of March 31, 2019 is allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):
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March 31,
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December 31,
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2019
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2018
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Property and equipment
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$
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302
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328
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Customer relationships
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736
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721
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Franchise fees
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1,836
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1,821
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Trademarks
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29
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29
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Goodwill
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1,238
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1,202
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Debt
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(87)
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(105)
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Deferred income tax liability
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(703)
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(698)
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$
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3,351
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3,298
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| Summary of financial information for Charter |
Summarized unaudited financial information for Charter is as follows (amounts in millions):
Charter condensed consolidated balance sheets
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March 31, 2019
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December 31, 2018
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Current assets
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$
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3,926
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2,944
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Property and equipment, net
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34,859
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35,126
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Goodwill
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29,554
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29,554
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Intangible assets, net
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76,316
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76,884
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Other assets
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2,602
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1,622
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Total assets
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$
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147,257
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146,130
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Current liabilities
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11,950
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12,095
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Deferred income taxes
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17,473
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17,389
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Long-term debt
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70,567
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69,537
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Other liabilities
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3,624
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2,837
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Equity
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43,643
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44,272
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Total liabilities and shareholders’ equity
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$
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147,257
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146,130
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Charter condensed consolidated statements of operations
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Three months ended
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March 31,
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2019
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2018
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Revenue
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$
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11,206
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10,657
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Cost and expenses:
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Operating costs and expenses (excluding depreciation and amortization)
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7,236
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6,836
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Depreciation and amortization
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2,550
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2,710
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Other operating (income) expenses, net
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(5)
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69
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9,781
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9,615
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Operating income
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1,425
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1,042
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Interest expense, net
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(925)
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(851)
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Other income (expense), net
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(64)
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60
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Income tax benefit (expense)
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(119)
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(28)
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Net income (loss)
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317
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223
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Less: Net income attributable to noncontrolling interests
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(64)
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(55)
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Net income (loss) attributable to Charter shareholders
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$
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253
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168
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