Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,417,802 $ 49,724
Trade and other receivables, net of allowance for doubtful accounts of $10 and $20, respectively (note 3) 349,256 1,216
Other current assets 79,453 1,193
Total current assets 1,846,511 52,133
Investment in Charter, accounted for using the equity method (note 7) 16,179,685 12,194,674
Property and equipment, net (note 3) 1,098,512 532
Intangible assets not subject to amortization (note 8)    
Goodwill 745,577 6,497
Intangible assets subject to amortization, net (note 8) 674,049 888
Tax sharing receivable 94,549  
Other assets, net 151,487 1,618
Total assets 21,371,124 12,256,342
Current liabilities:    
Accounts payable and accrued liabilities 97,933 6,107
Deferred revenue 24,926 4,840
Current portion of debt, including $26,350 and $0 measured at fair value, respectively (note 9) 31,026  
Indemnification obligation (note 6) 344,643  
Other current liabilities 113,234 1,192
Total current liabilities 611,762 12,139
Long-term debt, net, including $1,445,775 and $0 measured at fair value, respectively (note 9) 4,785,207 572,944
Obligations under finance leases and tower obligations, excluding current portion (note 10) 92,840  
Long-term deferred revenue 39,649 1,807
Deferred income tax liabilities (note 11) 1,977,643 999,757
Preferred stock (note 12) 202,917  
Other liabilities 146,687 1,749
Total liabilities 7,856,705 1,588,396
Equity    
Additional paid-in capital 10,319,754 7,890,084
Accumulated other comprehensive earnings, net of taxes 15,436 8,158
Retained earnings 3,165,504 2,767,885
Total stockholders' equity 13,502,659 10,667,946
Non-controlling interests 11,760  
Total equity 13,514,419 10,667,946
Commitments and contingencies (note 15)
Total liabilities and equity 21,371,124 12,256,342
Cable certificates    
Intangible assets not subject to amortization (note 8)    
Indefinite-lived intangibles 560,000  
Other amortizable intangibles    
Intangible assets not subject to amortization (note 8)    
Indefinite-lived intangibles 21,500  
Series A common stock    
Equity    
Common stock 265 265
Series B common stock    
Equity    
Common stock 25 25
Series C common stock    
Equity    
Common stock 1,675 1,529
Charter    
Current assets:    
Total current assets 3,909,000 6,537,000
Investment in Charter, accounted for using the equity method (note 7) 16,178,939 12,194,674
Property and equipment, net (note 3) 34,357,000 34,591,000
Intangible assets not subject to amortization (note 8)    
Goodwill 29,554,000 29,554,000
Other assets, net 3,449,000 2,731,000
Total assets 144,206,000 148,188,000
Current liabilities:    
Total current liabilities 9,875,000 12,385,000
Deferred income tax liabilities (note 11) 18,108,000 17,711,000
Other liabilities 4,198,000 3,703,000
Equity    
Total stockholders' equity 30,281,000 38,811,000
Total liabilities and equity $ 144,206,000 $ 148,188,000