Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenue $ 210,146 $ 5,493 $ 504,840 $ 15,639
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization shown separately below) 64,684 2,798 153,797 8,395
Selling, general and administrative, including stock-based compensation (note 4) 102,483 12,341 235,617 38,283
Depreciation and amortization expense 62,848 823 143,257 2,398
Operating costs and expenses 230,015 15,962 532,671 49,076
Operating income (loss) (19,869) (10,469) (27,831) (33,437)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (37,614) 0 (81,304) 0
Share of earnings (losses) of affiliates, net (note 8) 10,856 1,648 18,714 4,971
Realized and unrealized gains (losses) on financial instruments, net (note 6) 495,509 472,763 (4,328) 1,270,764
Other, net (834) 328 (982) 1,073
Other income (expense) 467,917 474,739 (67,900) 1,276,808
Earnings (loss) before income taxes 448,048 464,270 (95,731) 1,243,371
Income tax (expense) benefit (130,792) (176,980) (61,224) (473,826)
Net earnings (loss) 317,256 287,290 (156,955) 769,545
Less net earnings (loss) attributable to the non-controlling interests (127) (72) (320) (73)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders $ 317,383 $ 287,362 $ (156,635) $ 769,618
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 5) (in dollars per share) $ 2.95 $ 2.64 $ (1.45) $ 7.06
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 5) (in dollars per share) $ 2.91 $ 2.64 $ (1.45) $ 7.06