Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 569,520 $ 491,257
Trade and other receivables, net of allowance for doubtful accounts of $7,516 and $7,555, respectively 114,435 182,600
Current portion of tax sharing receivable 0 36,781
Other current assets 43,868 40,100
Total current assets 727,823 750,738
Investments in equity securities (note 6) 2,605,293 1,533,517
Investment in affiliates 167,643 177,030
Property and equipment, net 1,090,901 1,184,606
Intangible assets not subject to amortization    
Goodwill (note 8) 855,837 855,837
Intangible assets not subject to amortization 1,202,337 1,367,337
Intangible assets subject to amortization, net (note 8) 391,979 436,006
Tax sharing receivable 84,534 65,701
Other assets, net 295,693 71,514
Total assets 11,933,445 8,660,822
Current liabilities:    
Accounts payable and accrued liabilities 92,893 100,334
Deferred revenue 27,886 31,743
Current portion of debt, net of deferred financing costs (note 9) 3,008 900,759
Indemnification obligation (note 5) 202,086 0
Other current liabilities 69,149 47,958
Total current liabilities 395,022 1,080,794
Long-term debt, net, including $658,839 and $462,336 measured at fair value (note 9) 3,263,210 1,985,275
Obligations under finance leases and tower obligations, excluding current portion (note 10) 97,507 122,245
Long-term deferred revenue 57,986 65,954
Deferred income tax liabilities 1,527,109 793,696
Preferred stock (note 12) 178,002 177,103
Derivative Instrument (note 5) 71,305 0
Indemnification obligation (note 5) 0 78,522
Other liabilities 133,020 50,543
Total liabilities 5,723,161 4,354,132
Equity    
Additional paid-in capital 3,221,885 3,251,957
Accumulated other comprehensive earnings (loss), net of taxes (4,084) 168
Retained earnings 2,982,626 1,043,933
Total stockholders' equity 6,201,484 4,297,123
Non-controlling interests 8,800 9,567
Total equity 6,210,284 4,306,690
Commitments and contingencies
Total liabilities and equity 11,933,445 8,660,822
Series A common stock, $0.01 par value. Authorized 500,000,000 shares; issued and outstanding 101,306,716 and 102,058,816 shares at December 31, 2019 and 2018, respectively    
Equity    
Common stock 1,013 1,021
Series B common stock, $0.01 par value. Authorized 20,000,000 shares; issued and outstanding 4,437,593 and 4,441,609 shares at December 31, 2019 and 2018, respectively    
Equity    
Common stock 44 44
Series C common stock, $0.01 par value. Authorized 1,040,000,000 shares; no issued and outstanding shares at December 31, 2019 and 2018    
Equity    
Common stock 0 0
Cable certificates    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 305,000 305,000
Wireless licenses    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 35,000 190,000
Other    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 6,500 16,500
Liberty Broadband    
Current assets:    
Investment in affiliates $ 5,367,242 $ 3,074,373