Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities Measured at Fair Value (Tables)

v3.19.2
Assets and Liabilities Measured at Fair Value (Tables)
6 Months Ended
Jun. 30, 2019
Assets and Liabilities Measured at Fair Value  
Schedule of assets and liabilities measured at fair value

June 30, 2019

December 31, 2018

 

Quoted prices

Significant

Quoted prices

Significant

 

in active

other

in active

other

 

markets for

observable

markets for

observable

 

identical assets

inputs

identical assets

inputs

 

Description

Total

(Level 1)

(Level 2)

Total

(Level 1)

(Level 2)

 

(amounts in thousands)

 

Cash equivalents

$

58,129

58,129

67,329

67,329

Schedule of realized and unrealized gains (losses) on financial instruments

Three months ended

Six months ended

 

June 30,

June 30,

 

2019

2018

2019

2018

 

(amounts in thousands)

 

Derivative instruments (1)

$

(2,019)

(2,019)

$

(2,019)

 

(2,019)

(1) In April 2018, the Company entered into a zero-strike call option on 610,325 shares of Liberty Broadband Series C common stock and prepaid a premium of $47.8 million. Liberty Broadband exercised its option to settle the contract in cash in June 2018 for cash proceeds of $46.5 million, and recognized a realized loss on the options as of June 30, 2018. In June 2018, the Company entered into another zero-strike call option on 632,911 shares of Liberty Broadband Series C common stock. The Company recognized an unrealized loss on the options as of June 30, 2018. The Company settled all zero-strike call options during 2018 and had no outstanding zero-strike call options as of June 30, 2019.