Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (unaudited)

v3.20.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 568,762 $ 569,520
Trade and other receivables, net of allowance for doubtful accounts of $7,795 and $7,516, respectively 106,284 114,435
Other current assets 35,599 43,868
Total current assets 710,645 727,823
Investments in equity securities (note 4) 2,343,209 2,605,293
Investments in affiliates (note 5) 166,565 167,643
Property and equipment, net 1,067,592 1,090,901
Intangible assets not subject to amortization    
Goodwill 855,837 855,837
Intangible assets not subject to amortization 1,202,337 1,202,337
Intangible assets subject to amortization, net (note 6) 379,885 391,979
Tax sharing receivable 74,001 84,534
Other assets, net 323,559 295,693
Total assets 10,993,527 11,933,445
Current liabilities:    
Accounts payable and accrued liabilities 91,159 92,893
Deferred revenue 25,902 27,886
Current portion of debt, net of deferred financing costs (note 7) 3,085 3,008
Indemnification obligation (note 3) 0 202,086
Other current liabilities 84,083 69,149
Total current liabilities 204,229 395,022
Long-term debt, net, including $607,301 and $658,839 measured at fair value, respectively (note 7) 3,210,630 3,263,210
Obligations under finance leases and tower obligations, excluding current portion 96,104 97,507
Long-term deferred revenue 54,940 57,986
Deferred income tax liabilities 1,303,525 1,527,109
Preferred stock (note 8) 178,063 178,002
Derivative instrument (note 3) 24,165 71,305
Indemnification obligation (note 3) 179,746 0
Other liabilities 127,011 133,020
Total liabilities 5,378,413 5,723,161
Stockholders’ equity:    
Additional paid-in capital 3,223,368 3,221,885
Accumulated other comprehensive earnings (loss), net of taxes 34,145 (4,084)
Retained earnings 2,347,768 2,982,626
Total stockholders' equity 5,606,339 6,201,484
Non-controlling interests 8,775 8,800
Total equity 5,615,114 6,210,284
Commitments and contingencies (note 10)
Total liabilities and equity 10,993,527 11,933,445
Series A common stock, $0.01 par value. Authorized 500,000,000 shares; issued and outstanding 101,319,919 shares at March 31, 2020 and 101,306,716 shares at December 31, 2019    
Stockholders’ equity:    
Common stock, $.01 par value $ 1,013 $ 1,013
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Series B common stock, $0.01 par value. Authorized 20,000,000 shares; issued and outstanding 4,488,829 shares at March 31, 2020 and 4,437,593 shares at December 31, 2019    
Stockholders’ equity:    
Common stock, $.01 par value $ 45 $ 44
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Series C common stock, $0.01 par value. Authorized 1,040,000,000 shares; no issued and outstanding at March 31, 2020 and December 31, 2019    
Stockholders’ equity:    
Common stock, $.01 par value $ 0 $ 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Cable certificates    
Intangible assets not subject to amortization    
Indefinite-lived intangibles $ 305,000 $ 305,000
Other    
Intangible assets not subject to amortization    
Indefinite-lived intangibles 41,500 41,500
Liberty Broadband    
Current assets:    
Investments in affiliates (note 5) $ 4,725,734 $ 5,367,242