Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenue $ 233,490 $ 6,177 $ 294,694 $ 10,146
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization shown separately below) 69,294 2,838 89,113 5,597
Selling, general and administrative, including stock-based compensation (note 4) 100,401 14,134 133,134 25,942
Depreciation and amortization expense 64,388 822 80,409 1,575
Operating costs and expenses 234,083 17,794 302,656 33,114
Operating income (loss) (593) (11,617) (7,962) (22,968)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (35,442) (5) (43,690) (5)
Share of earnings (losses) of affiliates, net (note 8) 10,350 1,600 7,858 3,323
Realized and unrealized gains (losses) on financial instruments, net (note 6) (428,356) 60,449 (499,837) 798,001
Other, net (1,845) 541 (148) 750
Other income (expense) (455,293) 62,585 (535,817) 802,069
Earnings (loss) before income taxes (455,886) 50,968 (543,779) 779,101
Income tax (expense) benefit 152,406 (19,367) 69,568 (296,846)
Net earnings (loss) (303,480) 31,601 (474,211) 482,255
Less net earnings (loss) attributable to the non-controlling interests (154) (1) (193) (1)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders $ (303,326) $ 31,602 $ (474,018) $ 482,256
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 5) (in dollars per share) $ (2.82) $ 0.29 $ (4.40) $ 4.42
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 5) (in dollars per share) $ (2.82) $ 0.29 $ (4.40) $ 4.42