| Schedule of Equity Method Investments and Summarized Financial Information |
The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at June 30, 2018 and the carrying amount at December 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018 |
|
December 31, 2017 |
|
Percentage
ownership
|
|
Market
value
|
|
Carrying
amount
|
|
Carrying
amount
|
|
|
|
dollars in thousands |
LendingTree |
25.89 |
% |
|
$ |
689,289 |
|
|
$ |
116,554 |
|
|
114,655 |
|
Other |
various |
|
|
NA |
|
|
5,326 |
|
|
— |
|
|
|
|
|
|
$ |
121,880 |
|
|
114,655 |
|
Summarized financial information for Liberty Broadband is as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
2018 |
|
2017 |
|
|
amounts in thousands |
Current assets |
|
$ |
100,985 |
|
|
84,054 |
|
Investment in Charter, accounted for using the equity method |
|
11,891,637 |
|
|
11,835,613 |
|
Other assets |
|
10,306 |
|
|
12,122 |
|
Total assets |
|
12,002,928 |
|
|
11,931,789 |
|
Long-term debt, including current portion |
|
523,159 |
|
|
497,370 |
|
Deferred income tax liabilities |
|
943,401 |
|
|
932,593 |
|
Other liabilities |
|
14,885 |
|
|
14,925 |
|
Equity |
|
10,521,483 |
|
|
10,486,901 |
|
Total liabilities and shareholders' equity |
|
$ |
12,002,928 |
|
|
11,931,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
June 30, |
|
June 30, |
|
|
2018 |
|
2017 |
|
2018 |
|
2017 |
|
|
amounts in thousands |
Revenue |
|
$ |
3,371 |
|
|
3,073 |
|
|
15,162 |
|
|
6,213 |
|
Operating expenses, net |
|
(8,442 |
) |
|
(10,406 |
) |
|
(17,987 |
) |
|
(19,908 |
) |
Operating income (loss) |
|
(5,071 |
) |
|
(7,333 |
) |
|
(2,825 |
) |
|
(13,695 |
) |
Share of earnings (losses) of affiliates |
|
32,911 |
|
|
11,467 |
|
|
42,213 |
|
|
30,389 |
|
Gain (loss) on dilution of investment in affiliate |
|
(5,205 |
) |
|
(6,659 |
) |
|
(31,962 |
) |
|
(38,797 |
) |
Realized and unrealized gains (losses) on financial instruments, net |
|
(2,019 |
) |
|
1,370 |
|
|
(2,019 |
) |
|
2,351 |
|
Other income (expense), net |
|
(5,842 |
) |
|
(4,364 |
) |
|
(10,654 |
) |
|
(8,582 |
) |
Income tax benefit (expense) |
|
(4,194 |
) |
|
2,542 |
|
|
757 |
|
|
10,912 |
|
Net earnings (loss) |
|
$ |
10,580 |
|
|
(2,977 |
) |
|
(4,490 |
) |
|
(17,422 |
) |
|