| Schedule of Equity Method Investments and Summarized Financial Information |
The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at June 30, 2019 and the carrying amount at December 31, 2018:
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June 30, 2019 |
|
December 31, 2018 |
|
Percentage
ownership
|
|
Market
value
|
|
Carrying
amount
|
|
Carrying
amount
|
|
|
|
dollars in thousands |
LendingTree (a) |
26.7 |
% |
|
$ |
1,446,579 |
|
|
$ |
167,703 |
|
|
174,002 |
|
Other |
various |
|
|
NA |
|
|
2,092 |
|
|
3,028 |
|
|
|
|
|
|
$ |
169,795 |
|
|
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 June 30, 2019. |
Summarized financial information for Liberty Broadband is as follows:
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June 30, |
|
December 31, |
|
|
2019 |
|
2018 |
|
|
amounts in thousands |
Current assets |
|
$ |
74,315 |
|
|
84,574 |
|
Investment in Charter, accounted for using the equity method |
|
12,023,742 |
|
|
12,004,376 |
|
Other assets |
|
9,112 |
|
|
9,487 |
|
Total assets |
|
12,107,169 |
|
|
12,098,437 |
|
Long-term debt |
|
523,549 |
|
|
522,928 |
|
Deferred income tax liabilities |
|
964,584 |
|
|
965,829 |
|
Other liabilities |
|
31,976 |
|
|
11,062 |
|
Equity |
|
10,587,060 |
|
|
10,598,618 |
|
Total liabilities and shareholders' equity |
|
$ |
12,107,169 |
|
|
12,098,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
|
amounts in thousands |
Revenue |
|
$ |
3,747 |
|
|
3,371 |
|
|
7,205 |
|
|
15,162 |
|
Operating expenses, net |
|
(10,913 |
) |
|
(8,442 |
) |
|
(20,572 |
) |
|
(17,987 |
) |
Operating income (loss) |
|
(7,166 |
) |
|
(5,071 |
) |
|
(13,367 |
) |
|
(2,825 |
) |
Share of earnings (losses) of affiliates |
|
45,400 |
|
|
32,911 |
|
|
80,249 |
|
|
42,213 |
|
Gain (loss) on dilution of investment in affiliate |
|
(16,322 |
) |
|
(5,205 |
) |
|
(57,725 |
) |
|
(31,962 |
) |
Realized and unrealized gains (losses) on financial instruments, net |
|
— |
|
|
(2,019 |
) |
|
— |
|
|
(2,019 |
) |
Other income (expense), net |
|
(5,936 |
) |
|
(5,842 |
) |
|
(12,056 |
) |
|
(10,654 |
) |
Income tax benefit (expense) |
|
(3,924 |
) |
|
(4,194 |
) |
|
650 |
|
|
757 |
|
Net earnings (loss) |
|
$ |
12,052 |
|
|
10,580 |
|
|
(2,249 |
) |
|
(4,490 |
) |
|