Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2018 |
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| Accounting Policies [Abstract] |
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| Changes in the Allowance for Doubtful Receivables |
Changes in the allowance for doubtful receivables during the years ended December 31, 2018, 2017 and 2016 are summarized below (amounts in thousands):
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Additions |
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Deductions |
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Description |
Balance at beginning of year |
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Charged to costs and expenses |
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Charged to other accounts |
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Write-offs net of recoveries |
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Balance at end of year |
2018 |
$ |
— |
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8,741 |
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— |
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|
1,186 |
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|
7,555 |
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2017 |
$ |
1,100 |
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— |
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— |
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|
1,100 |
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— |
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2016 |
$ |
244 |
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1,100 |
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— |
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244 |
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1,100 |
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| Schedule of Net Property and Equipment |
Net property and equipment consists of the following:
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December 31, |
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2018 |
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2017 |
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amounts in thousands |
Land and buildings (25 years) |
$ |
105,525 |
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|
441 |
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Telephony transmission equipment and distribution facilities (5-20 years) |
763,957 |
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— |
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Cable transmission equipment and distribution facilities (5-30 years) |
100,391 |
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— |
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Studio equipment (10-15 years) |
3,315 |
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— |
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Support equipment and systems (3-20 years) |
118,230 |
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|
921 |
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Transportation equipment (5-13 years) |
16,066 |
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— |
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Customer premise equipment (2-20 years) |
21,351 |
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— |
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Fiber optic cable systems (15-25 years) |
53,384 |
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— |
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Property and equipment under capital leases |
41,084 |
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— |
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Construction in progress |
113,819 |
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— |
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1,337,122 |
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|
1,362 |
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Less accumulated depreciation |
145,321 |
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|
738 |
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Less accumulated amortization on property and equipment under capital leases |
7,195 |
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— |
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Net property and equipment |
$ |
1,184,606 |
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|
624 |
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| Reconciliation of Asset Retirement Obligations |
Following is a reconciliation of the beginning and ending aggregate carrying amounts of the liability for asset retirement obligations (amounts in thousands):
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Balance at January1, 2018 |
$ |
— |
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Liability acquired |
38,686 |
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Liability incurred |
113 |
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Accretion expense |
1,662 |
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Liability settled |
— |
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Balance at December 31, 2018 |
$ |
40,461 |
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| Revenue from Contracts with Customers by Customer Type and Service Offerings |
Revenue from contracts with customers, classified by customer type and significant service offerings follows:
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Year ended December 31, 2018 |
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amounts in thousands |
GCI Holdings |
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Consumer Revenue |
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Wireless |
$ |
63,482 |
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Data |
223,121 |
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Video |
16,786 |
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Voice |
19,820 |
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Business Revenue |
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Wireless |
94,713 |
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Data |
130,631 |
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Video |
72,826 |
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Voice |
14,791 |
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Evite |
23,920 |
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Lease, grant, and revenue from subsidies |
79,672 |
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Total |
$ |
739,762 |
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| Schedule of Weighted Average Number of Shares |
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March 9, 2018 through
December 31, 2018
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number of shares in thousands |
Basic WASO |
107,924 |
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Potentially dilutive shares |
— |
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Diluted WASO |
107,924 |
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Antidilutive shares excluded from diluted WASO, including potentially dilutive shares, as a result of the Company's net loss attributable to GCI Liberty, Inc. shareholders |
1,127 |
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