Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 217,566 $ 233,490 $ 435,302 $ 294,694
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization shown separately below) 68,432 69,294 137,325 89,113
Selling, general and administrative, including stock-based compensation (note 12) 95,278 100,401 211,587 133,134
Insurance proceeds and restructuring, net 4,218 0 1,718 0
Depreciation and amortization expense 65,891 64,388 133,569 80,409
Operating costs and expenses 233,819 234,083 484,199 302,656
Operating income (loss) (16,253) (593) (48,897) (7,962)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (40,386) (35,442) (78,004) (43,690)
Share of earnings (losses) of affiliates, net (note 6) (1,068) 10,350 (4,364) 7,858
Realized and unrealized gains (losses) on financial instruments, net (note 4) 679,098 (428,356) 1,688,698 (499,837)
Tax sharing agreement 7,452 (21,065) 16,533 (27,948)
Other, net 11,596 (1,845) 14,364 (148)
Other income (expense) 656,692 (476,358) 1,637,227 (563,765)
Earnings (loss) before income taxes 640,439 (476,951) 1,588,330 (571,727)
Income tax (expense) benefit (181,395) 173,471 (450,800) 97,516
Net earnings (loss) 459,044 (303,480) 1,137,530 (474,211)
Less net earnings (loss) attributable to the non-controlling interests 0 (154) (57) (193)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders $ 459,044 $ (303,326) $ 1,137,587 $ (474,018)
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share) $ 4.38 $ (2.82) $ 10.85 $ (4.40)
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share) $ 4.34 $ (2.82) $ 10.75 $ (4.40)