Information About the Company's Operating Segments (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Reconciliation of Revenue from Segments to Consolidated |
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|
Three Months Ended June 30, |
|
2018 |
|
2017 |
|
Revenue |
|
Adjusted OIBDA |
|
Revenue |
|
Adjusted OIBDA |
|
amounts in thousands |
GCI Holdings |
$ |
227,781 |
|
|
78,915 |
|
|
— |
|
|
— |
|
Liberty Broadband |
3,371 |
|
|
(2,776 |
) |
|
3,073 |
|
|
(4,955 |
) |
Corporate and other |
5,709 |
|
|
(7,191 |
) |
|
6,177 |
|
|
(6,922 |
) |
|
236,861 |
|
|
68,948 |
|
|
9,250 |
|
|
(11,877 |
) |
Eliminate Liberty Broadband |
(3,371 |
) |
|
2,776 |
|
|
(3,073 |
) |
|
4,955 |
|
|
$ |
233,490 |
|
|
71,724 |
|
|
6,177 |
|
|
(6,922 |
) |
|
|
|
|
|
|
|
|
|
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|
|
|
Six Months Ended June 30, |
|
2018 |
|
2017 |
|
Revenue |
|
Adjusted OIBDA |
|
Revenue |
|
Adjusted OIBDA |
|
amounts in thousands |
GCI Holdings |
$ |
284,573 |
|
|
98,663 |
|
|
— |
|
|
— |
|
Liberty Broadband |
15,162 |
|
|
1,784 |
|
|
6,213 |
|
|
(8,916 |
) |
Corporate and other |
10,121 |
|
|
(13,051 |
) |
|
10,146 |
|
|
(14,794 |
) |
|
309,856 |
|
|
87,396 |
|
|
16,359 |
|
|
(23,710 |
) |
Eliminate Liberty Broadband |
(15,162 |
) |
|
(1,784 |
) |
|
(6,213 |
) |
|
8,916 |
|
|
$ |
294,694 |
|
|
85,612 |
|
|
10,146 |
|
|
(14,794 |
) |
|
| Reconciliation of Assets from Segment to Consolidated |
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|
June 30, 2018 |
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
GCI Holdings |
|
$ |
3,530,980 |
|
|
— |
|
|
38,788 |
|
Liberty Broadband |
|
12,002,928 |
|
|
11,891,637 |
|
|
24 |
|
Corporate and other |
|
5,813,117 |
|
|
121,880 |
|
|
1,515 |
|
|
|
21,347,025 |
|
|
12,013,517 |
|
|
40,327 |
|
Eliminate Liberty Broadband |
|
(12,002,928 |
) |
|
(11,891,637 |
) |
|
(24 |
) |
Consolidated |
|
$ |
9,344,097 |
|
|
121,880 |
|
|
40,303 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
The following table provides a reconciliation of segment Adjusted OIBDA to operating income and earnings (loss) from continuing operations before income taxes:
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|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
|
amounts in thousands |
Consolidated segment Adjusted OIBDA |
$ |
71,724 |
|
|
(6,922 |
) |
|
85,612 |
|
|
(14,794 |
) |
Stock‑based compensation |
(7,929 |
) |
|
(3,873 |
) |
|
(13,165 |
) |
|
(6,599 |
) |
Depreciation and amortization |
(64,388 |
) |
|
(822 |
) |
|
(80,409 |
) |
|
(1,575 |
) |
Operating income |
(593 |
) |
|
(11,617 |
) |
|
(7,962 |
) |
|
(22,968 |
) |
Interest expense |
(35,442 |
) |
|
(5 |
) |
|
(43,690 |
) |
|
(5 |
) |
Share of earnings (loss) of affiliates, net |
10,350 |
|
|
1,600 |
|
|
7,858 |
|
|
3,323 |
|
Realized and unrealized gains (losses) on financial instruments, net |
(428,356 |
) |
|
60,449 |
|
|
(499,837 |
) |
|
798,001 |
|
Other, net |
(1,845 |
) |
|
541 |
|
|
(148 |
) |
|
750 |
|
Earnings (loss) from continuing operations before income taxes |
$ |
(455,886 |
) |
|
50,968 |
|
|
(543,779 |
) |
|
779,101 |
|
|