Information About the Company's Operating Segments (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| Segment Reporting [Abstract] |
|
| Revenue by Segment from Contracts with Customers |
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|
|
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|
|
|
|
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Three months ended |
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Six months ended |
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|
June 30, |
|
June 30, |
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
amounts in thousands |
GCI Holdings |
|
|
|
|
|
|
|
|
|
|
Consumer Revenue |
|
|
|
|
|
|
|
|
|
|
Wireless |
|
$ |
29,906 |
|
27,505 |
|
|
58,264 |
|
54,997 |
Data |
|
|
45,416 |
|
41,457 |
|
|
89,710 |
|
82,635 |
Video |
|
|
20,456 |
|
21,045 |
|
|
41,214 |
|
42,061 |
Voice |
|
|
3,715 |
|
4,321 |
|
|
7,515 |
|
8,782 |
Business Revenue |
|
|
|
|
|
|
|
|
|
|
Wireless |
|
|
19,616 |
|
19,393 |
|
|
38,854 |
|
37,777 |
Data |
|
|
72,928 |
|
63,733 |
|
|
156,322 |
|
131,843 |
Video |
|
|
4,427 |
|
3,988 |
|
|
8,449 |
|
7,813 |
Voice |
|
|
7,047 |
|
6,636 |
|
|
13,463 |
|
12,840 |
Lease, grant, and subsidies revenue |
|
|
19,070 |
|
22,901 |
|
|
40,351 |
|
45,442 |
Total GCI Holdings |
|
|
222,581 |
|
210,979 |
|
|
454,142 |
|
424,190 |
Corporate and other |
|
|
2,239 |
|
6,587 |
|
|
6,477 |
|
11,112 |
Total |
|
$ |
224,820 |
|
217,566 |
|
|
460,619 |
|
435,302 |
|
| Components of Adjusted OIBDA |
|
|
|
|
|
|
|
|
|
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|
|
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|
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|
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|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
78,045 |
|
|
66,121 |
|
|
164,440 |
|
|
110,592 |
|
Liberty Broadband |
|
|
(7,407) |
|
|
(4,174) |
|
|
(12,388) |
|
|
(7,291) |
|
Corporate and other |
|
|
(9,832) |
|
|
(5,511) |
|
|
(20,161) |
|
|
(11,817) |
|
|
|
|
60,806 |
|
|
56,436 |
|
|
131,891 |
|
|
91,484 |
|
Eliminate Liberty Broadband |
|
|
7,407 |
|
|
4,174 |
|
|
12,388 |
|
|
7,291 |
|
|
|
$ |
68,213 |
|
|
60,610 |
|
|
144,279 |
|
|
98,775 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
June 30, 2020 |
|
|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
3,151,685 |
|
475 |
|
66,704 |
|
Liberty Broadband |
|
|
12,335,399 |
|
12,306,593 |
|
35 |
|
Corporate and other |
|
|
8,781,445 |
|
166,646 |
|
678 |
|
|
|
|
24,268,529 |
|
12,473,714 |
|
67,417 |
|
Eliminate Liberty Broadband |
|
|
(12,335,399) |
|
(12,306,593) |
|
(35) |
|
Consolidated |
|
$ |
11,933,130 |
|
167,121 |
|
67,382 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Six months ended |
|
|
|
June 30, |
|
June 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
amounts in thousands |
|
Adjusted OIBDA |
|
$ |
68,213 |
|
60,610 |
|
|
144,279 |
|
98,775 |
|
Stock‑based compensation |
|
|
(4,393) |
|
(6,754) |
|
|
(6,868) |
|
(12,385) |
|
Depreciation and amortization |
|
|
(61,160) |
|
(65,891) |
|
|
(124,168) |
|
(133,569) |
|
Insurance proceeds and restructuring, net |
|
|
— |
|
(4,218) |
|
|
— |
|
(1,718) |
|
Operating income (loss) |
|
|
2,660 |
|
(16,253) |
|
|
13,243 |
|
(48,897) |
|
Interest expense |
|
|
(34,387) |
|
(40,386) |
|
|
(70,642) |
|
(78,004) |
|
Share of earnings (loss) of affiliates, net |
|
|
2,238 |
|
(1,068) |
|
|
1,531 |
|
(4,364) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
860,867 |
|
679,098 |
|
|
26,875 |
|
1,688,698 |
|
Tax Sharing Agreement |
|
|
14,444 |
|
7,452 |
|
|
3,911 |
|
16,533 |
|
Other, net |
|
|
(242) |
|
11,596 |
|
|
2,138 |
|
14,364 |
|
Earnings (loss) before income taxes |
|
$ |
845,580 |
|
640,439 |
|
|
(22,944) |
|
1,588,330 |
|
|