Annual report pursuant to Section 13 and 15(d)

Investments in Affiliates Accounted for Using the Equity Method (Tables)

v3.19.3.a.u2
Investments in Affiliates Accounted for Using the Equity Method (Tables)
12 Months Ended
Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at December 31, 2019 and the carrying amount at December 31, 2018:
 
December 31, 2019
 
December 31, 2018
 
Percentage
ownership
 
Market
value
 
Carrying
amount
 
Carrying
amount
 
 
 
dollars in thousands
LendingTree (a)
26.5
%
 
$
1,045,044

 
$
166,465

 
174,002

Other
various

 
NA

 
1,178

 
3,028

 
 
 
 
 
$
167,643

 
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 December 31, 2019.

Summarized financial information for Liberty Broadband is as follows:
 
 
December 31,
 
 
2019
 
2018
 
 
amounts in thousands
Current assets
 
$
52,133

 
84,574

Investment in Charter, accounted for using the equity method
 
12,194,674

 
12,004,376

Other assets
 
9,535

 
9,487

Total assets
 
12,256,342

 
12,098,437

Long-term debt
 
572,944

 
522,928

Deferred income tax liabilities
 
999,757

 
965,829

Other liabilities
 
15,695

 
11,062

Equity
 
10,667,946

 
10,598,618

Total liabilities and shareholders' equity
 
$
12,256,342

 
12,098,437

 
 
Years ended December 31,
 
 
2019
 
2018
 
2017
 
 
amounts in thousands
Revenue
 
$
14,859

 
22,256

 
13,092

Operating expenses, net
 
(44,136
)
 
(34,270
)
 
(38,570
)
Operating income (loss)
 
(29,277
)
 
(12,014
)
 
(25,478
)
Share of earnings (losses) of affiliates
 
286,401

 
166,146

 
2,508,991

Gain (loss) on dilution of investment in affiliate
 
(79,329
)
 
(43,575
)
 
(17,872
)
Realized and unrealized gains (losses) on financial instruments, net
 
1,170

 
3,659

 
3,098

Other income (expense), net
 
(23,807
)
 
(22,339
)
 
(18,139
)
Income tax benefit (expense)
 
(37,942
)
 
(21,924
)
 
(416,933
)
Net earnings (loss)
 
$
117,216

 
69,953

 
2,033,667