Information About the Company's Operating Segments (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Segment Reporting [Abstract] |
|
| Revenue by Segment from Contracts with Customers |
Revenue by segment from contracts with customers, classified by customer type and significant service offerings follows:
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
2019 |
|
2018 |
|
amounts in thousands |
GCI Holdings |
|
|
|
Consumer Revenue |
|
|
|
Wireless |
$ |
27,492 |
|
|
7,762 |
|
Data |
41,178 |
|
|
10,026 |
|
Video |
21,016 |
|
|
5,762 |
|
Voice |
4,461 |
|
|
1,168 |
|
Business Revenue |
|
|
|
Wireless |
18,384 |
|
|
5,427 |
|
Data |
68,110 |
|
|
18,431 |
|
Video |
3,825 |
|
|
1,022 |
|
Voice |
6,204 |
|
|
1,627 |
|
Lease, grant, and revenue from subsidies |
22,541 |
|
|
5,567 |
|
Total GCI Holdings |
213,211 |
|
|
56,792 |
|
Corporate and other |
4,525 |
|
|
4,412 |
|
Total |
$ |
217,736 |
|
|
61,204 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
The following table provides a reconciliation of segment Adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2019 |
|
2018 |
|
amounts in thousands |
Consolidated segment Adjusted OIBDA |
$ |
38,165 |
|
|
13,888 |
|
Stock‑based compensation |
(5,631 |
) |
|
(5,236 |
) |
Depreciation and amortization |
(67,678 |
) |
|
(16,021 |
) |
Insurance proceeds |
2,500 |
|
|
— |
|
Operating income (loss) |
(32,644 |
) |
|
(7,369 |
) |
Interest expense |
(37,618 |
) |
|
(8,248 |
) |
Share of earnings (loss) of affiliates, net |
(3,296 |
) |
|
(2,492 |
) |
Realized and unrealized gains (losses) on financial instruments, net |
1,009,600 |
|
|
(71,481 |
) |
Tax Sharing Agreement |
9,081 |
|
|
(6,883 |
) |
Other, net |
2,768 |
|
|
1,697 |
|
Earnings (loss) from continuing operations before income taxes |
$ |
947,891 |
|
|
(94,776 |
) |
Adjusted OIBDA is summarized as follows:
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2019 |
|
2018 |
|
amounts in thousands |
GCI Holdings |
$ |
44,471 |
|
|
19,748 |
|
Liberty Broadband |
(3,117 |
) |
|
4,560 |
|
Corporate and other |
(6,306 |
) |
|
(5,860 |
) |
|
35,048 |
|
|
18,448 |
|
Eliminate Liberty Broadband |
3,117 |
|
|
(4,560 |
) |
|
$ |
38,165 |
|
|
13,888 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
GCI Holdings |
|
$ |
3,386,445 |
|
|
613 |
|
|
39,689 |
|
Liberty Broadband |
|
12,083,378 |
|
|
11,999,494 |
|
|
17 |
|
Corporate and other |
|
6,431,815 |
|
|
172,362 |
|
|
425 |
|
Eliminate Liberty Broadband |
|
(12,083,378 |
) |
|
(11,999,494 |
) |
|
(17 |
) |
Consolidated |
|
$ |
9,818,260 |
|
|
172,975 |
|
|
40,114 |
|
|