Annual report pursuant to Section 13 and 15(d)

Information About the Company's Operating Segments (Tables)

v3.19.3.a.u2
Information About the Company's Operating Segments (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Performance Measures
 
Years ended December 31,
 
2019
 
2018
 
2017
 
Revenue
 
Adjusted OIBDA
 
Revenue
 
Adjusted OIBDA
 
Revenue
 
Adjusted OIBDA
 
amounts in thousands
GCI Holdings
$
869,662

 
256,878

 
715,842

 
217,832

 
—

 
—

Liberty Broadband
14,859

 
(16,891
)
 
22,256

 
(3,528
)
 
13,092

 
(16,416
)
Corporate and other
25,071

 
(21,865
)
 
23,920

 
(24,731
)
 
23,817

 
(25,762
)
 
909,592

 
218,122

 
762,018

 
189,573

 
36,909

 
(42,178
)
Eliminate Liberty Broadband
(14,859
)
 
16,891

 
(22,256
)
 
3,528

 
(13,092
)
 
16,416

 
$
894,733

 
235,013

 
739,762

 
193,101

 
23,817

 
(25,762
)

Reconciliation of Assets from Segment to Consolidated
Other Information
 
December 31, 2019
 
December 31, 2018
 
Total
 
Investments
 
Capital
 
Total
 
Investments
 
Capital
 
assets
 
in affiliates
 
expenditures
 
assets
 
in affiliates
 
expenditures
 
amounts in thousands
GCI Holdings
$
3,162,753

 
585

 
147,022

 
3,343,372

 
719

 
131,029

Liberty Broadband
12,256,342

 
12,194,674

 
500

 
12,098,437

 
12,004,376

 
41

Corporate and other
8,770,692

 
167,058

 
1,459

 
5,317,450

 
176,311

 
3,323

 
24,189,787

 
12,362,317

 
148,981

 
20,759,259

 
12,181,406

 
134,393

Eliminate Liberty Broadband
(12,256,342
)
 
(12,194,674
)
 
(500
)
 
(12,098,437
)
 
(12,004,376
)
 
(41
)
Consolidated
$
11,933,445

 
167,643

 
148,481

 
8,660,822

 
177,030

 
134,352


Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations
The following table provides a reconciliation of Adjusted OIBDA to Operating income (loss) and Earnings (loss) before income taxes:
 
Years ended December 31,
 
2019
 
2018
 
2017
 
amounts in thousands
Adjusted OIBDA
$
235,013

 
193,101

 
(25,762
)
Stock‑based compensation
(24,897
)
 
(28,207
)
 
(26,583
)
Depreciation and amortization
(266,333
)
 
(206,946
)
 
(3,252
)
Impairment of intangibles and long-lived assets
(167,062
)
 
(207,940
)
 
—

Insurance proceeds and restructuring, net
5,758

 
—

 
—

Operating income (loss)
(217,521
)
 
(249,992
)
 
(55,597
)
Interest expense
(153,803
)
 
(119,296
)
 
—

Share of earnings (loss) of affiliates, net
(2,629
)
 
25,772

 
7,001

Realized and unrealized gains (losses) on financial instruments, net
3,002,400

 
(681,545
)
 
637,164

Tax sharing agreement
26,646

 
(32,105
)
 
—

Other, net
13,172

 
205

 
2,467

Earnings (loss) before income taxes
$
2,668,265

 
(1,056,961
)
 
591,035