| 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:
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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 |
|
|
|
|
|
|
|
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|
(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:
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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 |
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|