| Schedule of Equity Method Investments and Summarized Financial Information |
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June 30, 2020 |
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December 31, 2019 |
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Percentage |
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Market |
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Carrying |
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Carrying |
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ownership |
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value |
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amount |
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amount |
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dollars in thousands |
LendingTree (a) |
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26.4 |
% |
$ |
997,138 |
|
$ |
166,308 |
|
166,465 |
Other |
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various |
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|
NA |
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|
813 |
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1,178 |
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|
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$ |
167,121 |
|
167,643 |
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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 June 30, 2020. |
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June 30, |
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December 31, |
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2020 |
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2019 |
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amounts in thousands |
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Current assets |
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$ |
19,706 |
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52,133 |
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Investment in Charter, accounted for using the equity method |
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12,306,593 |
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12,194,674 |
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Other assets |
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9,100 |
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9,535 |
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Total assets |
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12,335,399 |
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12,256,342 |
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Long-term debt |
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573,593 |
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572,944 |
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Deferred income tax liabilities |
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1,017,921 |
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999,757 |
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Other liabilities |
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23,151 |
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15,695 |
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Equity |
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10,720,734 |
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10,667,946 |
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Total liabilities and shareholders' equity |
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$ |
12,335,399 |
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12,256,342 |
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Three months ended |
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Six months ended |
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June 30, |
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June 30, |
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2020 |
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2019 |
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2020 |
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2019 |
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amounts in thousands |
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Revenue |
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$ |
4,114 |
|
3,747 |
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|
8,218 |
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7,205 |
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Operating expenses, net |
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(13,946) |
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(10,913) |
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(25,325) |
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(20,572) |
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Operating income (loss) |
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(9,832) |
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(7,166) |
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(17,107) |
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(13,367) |
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Share of earnings (losses) of affiliates |
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|
158,128 |
|
45,400 |
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|
219,810 |
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80,249 |
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Gain (loss) on dilution of investment in affiliate |
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(46,001) |
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(16,322) |
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(105,326) |
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(57,725) |
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Other income (expense), net |
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(5,103) |
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(5,936) |
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(10,801) |
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(12,056) |
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Income tax benefit (expense) |
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(24,978) |
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(3,924) |
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(22,204) |
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650 |
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Net earnings (loss) |
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$ |
72,214 |
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12,052 |
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64,372 |
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(2,249) |
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