| Schedule of Equity Method Investments and Summarized Financial Information |
Summarized financial information for Liberty Broadband is as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
2019 |
|
2018 |
|
|
amounts in thousands |
Current assets |
|
$ |
74,299 |
|
|
84,574 |
|
Investment in Charter, accounted for using the equity method |
|
11,999,494 |
|
|
12,004,376 |
|
Other assets |
|
9,585 |
|
|
9,487 |
|
Total assets |
|
12,083,378 |
|
|
12,098,437 |
|
Long-term debt, including current portion |
|
523,238 |
|
|
522,928 |
|
Deferred income tax liabilities |
|
961,665 |
|
|
965,829 |
|
Other liabilities |
|
8,720 |
|
|
11,062 |
|
Equity |
|
10,589,755 |
|
|
10,598,618 |
|
Total liabilities and shareholders' equity |
|
$ |
12,083,378 |
|
|
12,098,437 |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
March 31, |
|
|
2019 |
|
2018 |
|
|
amounts in thousands |
Revenue |
|
$ |
3,458 |
|
|
11,791 |
|
Operating expenses, net |
|
(9,659 |
) |
|
(9,545 |
) |
Operating income (loss) |
|
(6,201 |
) |
|
2,246 |
|
Share of earnings (losses) of affiliates |
|
34,849 |
|
|
9,302 |
|
Gain (loss) on dilution of investment in affiliate |
|
(41,403 |
) |
|
(26,757 |
) |
Other income (expense), net |
|
(6,120 |
) |
|
(4,812 |
) |
Income tax benefit (expense) |
|
4,574 |
|
|
4,951 |
|
Net earnings (loss) |
|
$ |
(14,301 |
) |
|
(15,070 |
) |
The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at March 31, 2019 and the carrying amount at December 31, 2018:
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|
|
|
|
|
|
March 31, 2019 |
|
December 31, 2018 |
|
Percentage
ownership
|
|
Market
value
|
|
Carrying
amount
|
|
Carrying
amount
|
|
|
|
dollars in thousands |
LendingTree (a) |
26.9 |
% |
|
$ |
1,210,769 |
|
|
$ |
171,116 |
|
|
174,002 |
|
Other |
various |
|
|
NA |
|
|
1,859 |
|
|
3,028 |
|
|
|
|
|
|
$ |
172,975 |
|
|
177,030 |
|
|
|
|
|
|
|
|
|
(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 March 31, 2019. |
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