Summary of Significant Accounting Principles (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Accounting Policies [Abstract] |
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| Changes in the Allowance for Doubtful Receivables |
Changes in the allowance for doubtful receivables during the years ended December 31, 2019, 2018 and 2017 are summarized below (amounts in thousands):
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Additions |
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Deductions |
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Description |
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Balance at beginning of year |
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Charged to costs and expenses |
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Charged to other accounts |
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Write-offs net of recoveries |
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Balance at end of year |
2019 |
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$ |
7,555 |
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|
10,139 |
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— |
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4,522 |
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|
13,172 |
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2018 |
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$ |
— |
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8,741 |
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— |
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1,186 |
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7,555 |
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2017 |
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$ |
1,100 |
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— |
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— |
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1,100 |
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— |
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| Schedule of Net Property and Equipment |
Net property and equipment consists of the following:
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December 31, |
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2019 |
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2018 |
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amounts in thousands |
Land and buildings (25 years) |
$ |
118,973 |
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|
105,525 |
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Telephony transmission equipment and distribution facilities (5-20 years) |
837,966 |
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763,957 |
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Cable transmission equipment and distribution facilities (5-30 years) |
120,642 |
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100,391 |
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Support equipment and systems (3-20 years) |
132,854 |
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118,230 |
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Customer premise equipment (2-20 years) |
34,202 |
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21,351 |
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Fiber optic cable systems (15-25 years) |
53,646 |
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53,384 |
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Other (5-15 years) |
21,478 |
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19,381 |
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Property and equipment under finance leases |
17,695 |
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41,084 |
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Construction in progress |
95,386 |
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113,819 |
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1,432,842 |
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1,337,122 |
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Less accumulated depreciation |
336,691 |
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145,321 |
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Less accumulated depreciation on property and equipment under finance leases |
5,250 |
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|
7,195 |
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Property and equipment, net |
$ |
1,090,901 |
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1,184,606 |
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| Reconciliation of Asset Retirement Obligations |
The asset retirement obligation is in Other liabilities in the consolidated balance sheets. Following is a reconciliation of the beginning and ending aggregate carrying amounts of the liability for asset retirement obligations (amounts in thousands):
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Balance at January 1, 2018 |
$ |
— |
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Liability acquired |
38,686 |
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Liability incurred |
113 |
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Accretion expense |
1,662 |
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Liability settled |
— |
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Balance at December 31, 2018 |
40,461 |
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Liability incurred |
217 |
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Accretion expense |
1,596 |
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Liability settled |
(74 |
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Balance at December 31, 2019 |
$ |
42,200 |
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| Revenue from Contracts with Customers by Customer Type and Service Offerings |
Revenue from contracts with customers, classified by customer type and significant service offerings follows:
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Years ended December 31, |
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2019 |
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2018 |
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amounts in thousands |
GCI Holdings |
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Consumer Revenue |
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Wireless |
$ |
118,425 |
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94,713 |
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Data |
169,332 |
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130,631 |
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Video |
83,928 |
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72,826 |
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Voice |
16,479 |
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14,792 |
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Business Revenue |
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Wireless |
76,795 |
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63,481 |
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Data |
273,847 |
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223,121 |
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Video |
16,170 |
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16,786 |
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Voice |
25,740 |
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19,820 |
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Evite |
25,071 |
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23,920 |
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Lease, grant, and revenue from subsidies |
88,946 |
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|
79,672 |
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Total |
$ |
894,733 |
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|
739,762 |
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| Schedule of Weighted Average Number of Shares |
Series A and Series B Common Stock
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Year ended December 31, 2019 |
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March 9, 2018 through
December 31, 2018
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number of shares in thousands |
Basic WASO |
105,328 |
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|
107,924 |
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Potentially dilutive shares |
489 |
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— |
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Diluted WASO |
105,817 |
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107,924 |
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Antidilutive shares excluded from diluted WASO, including potentially dilutive shares, as a result of the Company's net loss attributable to GCI Liberty, Inc. shareholders |
— |
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1,127 |
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