Annual report pursuant to Section 13 and 15(d)

Investments in Affiliates Accounted for Using the Equity Method (Tables)

v3.10.0.1
Investments in Affiliates Accounted for Using the Equity Method (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at December 31, 2018 and the carrying amount at December 31, 2017:
 
December 31, 2018
 
December 31, 2017
 
Percentage
ownership
 
Market
value
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in thousands
LendingTree (a)
26.6
%
 
$
756,197

 
$
174,002

 
114,655

Other
various

 
NA

 
3,028

 
—

 
 
 
 
 
$
177,030

 
114,655

 
 
 
 
 
 
 
 
(a) Both the Company's ownership interest in LendingTree and the Company's share of LendingTree's earnings (losses) are reported on a three month lag. The market value disclosed is as of December 31, 2018.

Summarized financial information for Liberty Broadband is as follows:
 
 
December 31,
 
 
2018
 
2017
 
 
amounts in thousands
Current assets
 
$
84,574

 
84,054

Investment in Charter, accounted for using the equity method
 
12,004,376

 
11,835,613

Other assets
 
9,487

 
12,122

Total assets
 
12,098,437

 
11,931,789

Long-term debt
 
522,928

 
497,370

Deferred income tax liabilities
 
965,829

 
932,593

Other liabilities
 
11,062

 
14,925

Equity
 
10,598,618

 
10,486,901

Total liabilities and shareholders' equity
 
$
12,098,437

 
11,931,789

 
 
Years ended December 31,
 
 
2018
 
2017
 
2016
 
 
amounts in thousands
Revenue
 
$
22,256

 
13,092

 
30,586

Operating expenses, net
 
(34,270
)
 
(38,570
)
 
(51,746
)
Operating income (loss)
 
(12,014
)
 
(25,478
)
 
(21,160
)
Share of earnings (losses) of affiliates
 
166,146

 
2,508,991

 
641,544

Gain (loss) on dilution of investment in affiliate
 
(43,575
)
 
(17,872
)
 
770,766

Realized and unrealized gains (losses) on financial instruments, net
 
3,659

 
3,098

 
94,122

Other income (expense), net
 
(22,339
)
 
(18,139
)
 
(9,600
)
Income tax benefit (expense)
 
(21,924
)
 
(416,933
)
 
(558,369
)
Net earnings (loss)
 
$
69,953

 
2,033,667

 
917,303