Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.8.0.1
Acquisition (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Preliminary Acquisition Price Allocation
The preliminary acquisition price allocation for GCI Liberty is as follows (amounts in thousands):
 
 
 
Cash and cash equivalents
 
$
132,563

Receivables
 
184,704

Property and equipment
 
1,195,126

Goodwill
 
924,629

Intangible assets not subject to amortization
 
563,000

Intangible assets subject to amortization
 
543,905

Other assets
 
97,580

Deferred revenue
 
(76,991
)
Debt, including capital leases
 
(1,706,049
)
Other liabilities
 
(273,055
)
Deferred income tax liabilities
 
(292,284
)
Preferred stock
 
(174,922
)
Non-controlling interest
 
(7,000
)
 
 
$
1,111,206

Pro Forma Revenue and Net Earnings
The unaudited pro forma revenue, net earnings and basic and diluted net earnings per common share of GCI Liberty, prepared utilizing the historical financial statements of HoldCo, giving effect to acquisition accounting related adjustments made at the time of acquisition, as if the acquisition discussed above occurred on January 1, 2017, are as follows:
 
 
Three months ended
 
 
March 31,
 
 
2018
 
2017
 
 
amounts in thousands, except per share amounts
Revenue
 
$
220,805

 
229,292

Net earnings (loss)
 
$
(178,874
)
 
393,520

Net earnings (loss) attributable to GCI Liberty shareholders
 
$
(178,719
)
 
393,637

Basic net earnings (loss) attributable to Class A and Class B GCI Liberty, Inc. shareholders per common share
 
$
(1.66
)
 
3.61

Diluted net earnings (loss) attributable to Class A and Class B GCI Liberty, Inc. shareholders per common share
 
$
(1.66
)
 
3.61