Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.10.0.1
Acquisition (Tables)
 9 Months Ended
Sep. 30, 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
 
171,014

Property and equipment
 
1,211,392

Goodwill
 
942,118

Intangible assets not subject to amortization
 
572,500

Intangible assets subject to amortization
 
503,737

Other assets
 
97,279

Deferred revenue
 
(92,561
)
Debt, including capital leases
 
(1,707,002
)
Other liabilities
 
(251,692
)
Deferred income tax liabilities
 
(286,220
)
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
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
amounts in thousands, except per share amounts
Revenue
 
$
220,737

 
227,860

 
664,287

 
685,911

Net earnings (loss)
 
$
327,046

 
277,315

 
(157,678
)
 
722,803

Net earnings (loss) attributable to GCI Liberty shareholders
 
$
327,173

 
277,505

 
(157,242
)
 
723,229

Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
 
$
3.04

 
2.55

 
(1.46
)
 
6.63

Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share
 
$
3.00

 
2.55

 
(1.46
)
 
6.63