Information About the Company's Operating Segments (Tables)
|
9 Months Ended |
Sep. 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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Nine months ended |
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|
September 30, |
|
September 30, |
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
amounts in thousands |
GCI Holdings |
|
|
|
|
|
|
|
|
|
|
Consumer Revenue |
|
|
|
|
|
|
|
|
|
|
Wireless |
|
$ |
31,334 |
|
29,509 |
|
|
89,598 |
|
84,506 |
Data |
|
|
47,852 |
|
42,920 |
|
|
137,562 |
|
125,555 |
Video |
|
|
23,927 |
|
21,194 |
|
|
65,141 |
|
63,255 |
Voice |
|
|
3,654 |
|
4,051 |
|
|
11,169 |
|
12,833 |
Business Revenue |
|
|
|
|
|
|
|
|
|
|
Wireless |
|
|
20,019 |
|
20,060 |
|
|
58,873 |
|
57,837 |
Data |
|
|
89,549 |
|
69,960 |
|
|
245,871 |
|
201,803 |
Video |
|
|
2,277 |
|
4,115 |
|
|
10,726 |
|
11,928 |
Voice |
|
|
6,614 |
|
6,747 |
|
|
20,077 |
|
19,587 |
Lease, grant, and subsidies revenue |
|
|
19,040 |
|
22,472 |
|
|
59,391 |
|
67,914 |
Total GCI Holdings |
|
|
244,266 |
|
221,028 |
|
|
698,408 |
|
645,218 |
Corporate and other |
|
|
2,626 |
|
6,016 |
|
|
9,103 |
|
17,128 |
Total |
|
$ |
246,892 |
|
227,044 |
|
|
707,511 |
|
662,346 |
|
| Components of Adjusted OIBDA |
|
|
|
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|
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|
|
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|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
91,617 |
|
|
71,960 |
|
|
256,057 |
|
|
182,552 |
|
Liberty Broadband |
|
|
(14,270) |
|
|
(4,586) |
|
|
(26,658) |
|
|
(11,877) |
|
Corporate and other |
|
|
(16,336) |
|
|
(5,382) |
|
|
(36,497) |
|
|
(17,199) |
|
|
|
|
61,011 |
|
|
61,992 |
|
|
192,902 |
|
|
153,476 |
|
Eliminate Liberty Broadband |
|
|
14,270 |
|
|
4,586 |
|
|
26,658 |
|
|
11,877 |
|
|
|
$ |
75,281 |
|
|
66,578 |
|
|
219,560 |
|
|
165,353 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
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|
|
|
|
|
|
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|
|
|
September 30, 2020 |
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|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
amounts in thousands |
|
GCI Holdings |
|
$ |
3,195,906 |
|
528 |
|
106,370 |
|
Liberty Broadband |
|
|
12,861,689 |
|
12,450,425 |
|
42 |
|
Corporate and other |
|
|
10,163,936 |
|
156,956 |
|
877 |
|
|
|
|
26,221,531 |
|
12,607,909 |
|
107,289 |
|
Eliminate Liberty Broadband |
|
|
(12,861,689) |
|
(12,450,425) |
|
(42) |
|
Consolidated |
|
$ |
13,359,842 |
|
157,484 |
|
107,247 |
|
|
| Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations |
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|
|
|
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|
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|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
amounts in thousands |
|
Adjusted OIBDA |
|
$ |
75,281 |
|
66,578 |
|
|
219,560 |
|
165,353 |
|
Stock‑based compensation |
|
|
(4,521) |
|
(5,768) |
|
|
(11,389) |
|
(18,153) |
|
Depreciation and amortization |
|
|
(60,688) |
|
(66,466) |
|
|
(184,856) |
|
(200,035) |
|
Insurance proceeds and restructuring, net |
|
|
— |
|
1,482 |
|
|
— |
|
(236) |
|
Operating income (loss) |
|
|
10,072 |
|
(4,174) |
|
|
23,315 |
|
(53,071) |
|
Interest expense |
|
|
(29,722) |
|
(38,353) |
|
|
(100,364) |
|
(116,357) |
|
Share of earnings (loss) of affiliates, net |
|
|
(9,035) |
|
1,921 |
|
|
(7,504) |
|
(2,443) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
1,172,685 |
|
156,165 |
|
|
1,199,560 |
|
1,844,863 |
|
Tax Sharing Agreement |
|
|
26,146 |
|
2,362 |
|
|
30,057 |
|
18,895 |
|
Other, net |
|
|
(7,314) |
|
(540) |
|
|
(5,176) |
|
13,824 |
|
Earnings (loss) before income taxes |
|
$ |
1,162,832 |
|
117,381 |
|
|
1,139,888 |
|
1,705,711 |
|
|