| 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 |
|
Six months ended |
|
June 30, |
|
June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
amounts in thousands |
GCI Holdings |
|
|
|
|
|
|
|
Consumer Revenue |
|
|
|
|
|
|
|
Wireless |
$ |
27,505 |
|
|
28,966 |
|
|
54,997 |
|
|
36,728 |
|
Data |
41,457 |
|
|
39,243 |
|
|
82,635 |
|
|
49,269 |
|
Video |
21,045 |
|
|
22,146 |
|
|
42,061 |
|
|
27,908 |
|
Voice |
4,321 |
|
|
4,710 |
|
|
8,782 |
|
|
5,878 |
|
Business Revenue |
|
|
|
|
|
|
|
Wireless |
19,393 |
|
|
21,391 |
|
|
37,777 |
|
|
26,818 |
|
Data |
63,733 |
|
|
76,223 |
|
|
131,843 |
|
|
94,654 |
|
Video |
3,988 |
|
|
3,487 |
|
|
7,813 |
|
|
4,509 |
|
Voice |
6,636 |
|
|
6,294 |
|
|
12,840 |
|
|
7,921 |
|
Lease, grant, and revenue from subsidies |
22,901 |
|
|
25,321 |
|
|
45,442 |
|
|
30,888 |
|
Total GCI Holdings |
210,979 |
|
|
227,781 |
|
|
424,190 |
|
|
284,573 |
|
Corporate and other |
6,587 |
|
|
5,709 |
|
|
11,112 |
|
|
10,121 |
|
Total |
$ |
217,566 |
|
|
233,490 |
|
|
435,302 |
|
|
294,694 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
The following table provides a reconciliation of consolidated segment Adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
amounts in thousands |
Consolidated segment Adjusted OIBDA |
$ |
60,610 |
|
|
71,724 |
|
|
98,775 |
|
|
85,612 |
|
Stock‑based compensation |
(6,754 |
) |
|
(7,929 |
) |
|
(12,385 |
) |
|
(13,165 |
) |
Depreciation and amortization |
(65,891 |
) |
|
(64,388 |
) |
|
(133,569 |
) |
|
(80,409 |
) |
Insurance proceeds and restructuring, net |
(4,218 |
) |
|
— |
|
|
(1,718 |
) |
|
— |
|
Operating income (loss) |
(16,253 |
) |
|
(593 |
) |
|
(48,897 |
) |
|
(7,962 |
) |
Interest expense |
(40,386 |
) |
|
(35,442 |
) |
|
(78,004 |
) |
|
(43,690 |
) |
Share of earnings (loss) of affiliates, net |
(1,068 |
) |
|
10,350 |
|
|
(4,364 |
) |
|
7,858 |
|
Realized and unrealized gains (losses) on financial instruments, net |
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 |
) |
Earnings (loss) from continuing operations before income taxes |
$ |
640,439 |
|
|
(476,951 |
) |
|
1,588,330 |
|
|
(571,727 |
) |
Adjusted OIBDA is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
amounts in thousands |
GCI Holdings |
$ |
66,121 |
|
|
78,915 |
|
|
110,592 |
|
|
98,663 |
|
Liberty Broadband |
(4,174 |
) |
|
(2,776 |
) |
|
(7,291 |
) |
|
1,784 |
|
Corporate and other |
(5,511 |
) |
|
(7,191 |
) |
|
(11,817 |
) |
|
(13,051 |
) |
|
56,436 |
|
|
68,948 |
|
|
91,484 |
|
|
87,396 |
|
Eliminate Liberty Broadband |
4,174 |
|
|
2,776 |
|
|
7,291 |
|
|
(1,784 |
) |
|
$ |
60,610 |
|
|
71,724 |
|
|
98,775 |
|
|
85,612 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2019 |
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
GCI Holdings |
|
$ |
3,361,444 |
|
|
608 |
|
|
69,979 |
|
Liberty Broadband |
|
12,107,169 |
|
|
12,023,742 |
|
|
50 |
|
Corporate and other |
|
7,207,265 |
|
|
169,187 |
|
|
887 |
|
Eliminate Liberty Broadband |
|
(12,107,169 |
) |
|
(12,023,742 |
) |
|
(50 |
) |
Consolidated |
|
$ |
10,568,709 |
|
|
169,795 |
|
|
70,866 |
|
|