| Schedule of Equity Method Investments and Summarized Financial Information |
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September 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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26.3 |
% |
$ |
1,056,926 |
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$ |
156,627 |
|
166,465 |
Other |
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various |
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|
NA |
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|
857 |
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1,178 |
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$ |
157,484 |
|
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 September 30, 2020. |
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September 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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$ |
402,492 |
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52,133 |
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Investment in Charter, accounted for using the equity method |
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12,450,425 |
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12,194,674 |
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Other assets |
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8,772 |
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9,535 |
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Total assets |
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12,861,689 |
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12,256,342 |
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Long-term debt |
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1,318,664 |
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572,944 |
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Deferred income tax liabilities |
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1,036,672 |
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999,757 |
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Other liabilities |
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19,103 |
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15,695 |
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Equity |
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10,487,250 |
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10,667,946 |
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Total liabilities and shareholders' equity |
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$ |
12,861,689 |
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12,256,342 |
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Three months ended |
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Nine months ended |
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September 30, |
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September 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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$ |
4,219 |
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3,713 |
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|
12,437 |
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10,918 |
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Operating expenses, net |
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(20,547) |
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(11,301) |
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(45,872) |
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(31,873) |
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Operating income (loss) |
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(16,328) |
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(7,588) |
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(33,435) |
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(20,955) |
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Share of earnings (losses) of affiliates |
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188,586 |
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61,633 |
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|
408,396 |
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141,882 |
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Gain (loss) on dilution of investment in affiliate |
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(35,284) |
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(11,219) |
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(140,610) |
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(68,944) |
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Realized and unrealized gains (losses) on financial instruments, net |
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(39,324) |
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(433) |
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(39,324) |
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(433) |
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Other income (expense), net |
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(3,711) |
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(5,773) |
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(14,512) |
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(17,829) |
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Income tax benefit (expense) |
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(24,979) |
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(9,124) |
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(47,183) |
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(8,474) |
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Net earnings (loss) |
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$ |
68,960 |
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27,496 |
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133,332 |
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25,247 |
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