Information About the Company's Operating Segments (Tables)
|
3 Months Ended |
Mar. 31, 2020 |
|---|
| Segment Reporting [Abstract] |
|
| Revenue by Segment from Contracts with Customers |
Revenue by segment from contracts with customers, classified by customer type and significant service offerings follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
|
|
|
|
March 31, |
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
amounts in thousands |
|
|
| GCI Holdings |
|
|
|
|
|
|
|
| Consumer Revenue |
|
|
|
|
|
|
|
| Wireless |
|
|
|
|
$ |
28,358 |
|
|
27,492 |
|
| Data |
|
|
|
|
44,294 |
|
|
41,178 |
|
| Video |
|
|
|
|
20,758 |
|
|
21,016 |
|
| Voice |
|
|
|
|
3,800 |
|
|
4,461 |
|
| Business Revenue |
|
|
|
|
|
|
|
| Wireless |
|
|
|
|
19,238 |
|
|
18,384 |
|
| Data |
|
|
|
|
83,394 |
|
|
68,110 |
|
| Video |
|
|
|
|
4,022 |
|
|
3,825 |
|
| Voice |
|
|
|
|
6,416 |
|
|
6,204 |
|
| Lease, grant, and revenue from subsidies |
|
|
|
|
21,281 |
|
|
22,541 |
|
| Total GCI Holdings |
|
|
|
|
231,561 |
|
|
213,211 |
|
| Corporate and other |
|
|
|
|
4,238 |
|
|
4,525 |
|
| Total |
|
|
|
|
$ |
235,799 |
|
|
217,736 |
|
|
| Components of Adjusted OIBDA |
Adjusted OIBDA is summarized as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
|
|
|
|
March 31, |
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
amounts in thousands |
|
|
| GCI Holdings |
|
|
|
|
$ |
86,395 |
|
|
44,471 |
|
| Liberty Broadband |
|
|
|
|
(4,981) |
|
|
(3,117) |
|
| Corporate and other |
|
|
|
|
(10,329) |
|
|
(6,306) |
|
|
|
|
|
|
71,085 |
|
|
35,048 |
|
| Eliminate Liberty Broadband |
|
|
|
|
4,981 |
|
|
3,117 |
|
|
|
|
|
|
$ |
76,066 |
|
|
38,165 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2020 |
|
|
|
|
|
|
Total |
|
Investments |
|
Capital |
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
amounts in thousands |
|
|
|
|
| GCI Holdings |
|
$ |
3,162,093 |
|
|
542 |
|
|
35,257 |
|
| Liberty Broadband |
|
12,225,154 |
|
|
12,194,726 |
|
|
15 |
|
| Corporate and other |
|
7,831,434 |
|
|
166,023 |
|
|
408 |
|
| Eliminate Liberty Broadband |
|
(12,225,154) |
|
|
(12,194,726) |
|
|
(15) |
|
| Consolidated |
|
$ |
10,993,527 |
|
|
166,565 |
|
|
35,665 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
|
|
|
|
March 31, |
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
amounts in thousands |
|
|
| Adjusted OIBDA |
|
|
|
|
$ |
76,066 |
|
|
38,165 |
|
| Stock-based compensation |
|
|
|
|
(2,475) |
|
|
(5,631) |
|
| Depreciation and amortization |
|
|
|
|
(63,008) |
|
|
(67,678) |
|
| Insurance proceeds |
|
|
|
|
— |
|
|
2,500 |
|
| Operating income (loss) |
|
|
|
|
10,583 |
|
|
(32,644) |
|
Interest expense |
|
|
|
|
(36,255) |
|
|
(37,618) |
|
Share of earnings (loss) of affiliates, net |
|
|
|
|
(707) |
|
|
(3,296) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
|
|
(833,992) |
|
|
1,009,600 |
|
| Tax Sharing Agreement |
|
|
|
|
(10,533) |
|
|
9,081 |
|
| Other, net |
|
|
|
|
2,380 |
|
|
2,768 |
|
Earnings (loss) before income taxes |
|
|
|
|
$ |
(868,524) |
|
|
947,891 |
|
|