Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets

v3.25.0.1
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

(6) Goodwill and Intangible Assets

Goodwill and Indefinite Lived Assets

Changes in the carrying amount of goodwill are as follows:

    

 

GCI Holdings

Total

 

 

amounts in millions

Balance at December 31, 2022

$

755

755

Balance at December 31, 2023

755

755

Balance at December 31, 2024

$

755

755

As presented in the accompanying consolidated balance sheets, cable certificates are the majority of the other significant indefinite lived intangible assets.

Intangible Assets Subject to Amortization, net

    

December 31, 2024

    

December 31, 2023

Gross

Net

Gross

Net

carrying

Accumulated

carrying

carrying

Accumulated

carrying

    

amount

    

amortization

    

amount

    

amount

    

amortization

    

amount

amounts in millions

Customer relationships

$

515

(173)

342

515

(132)

383

Other amortizable intangible assets

 

165

(96)

69

 

156

(78)

78

Total

$

680

(269)

411

671

(210)

461

Intangible assets are being amortized generally on an accelerated basis as reflected in amortization expense and in the future amortization table below.

Amortization expense for intangible assets with finite useful lives was $60 million, $64 million and $67 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in millions):

    

  

2025

$

56

2026

$

53

2027

$

50

2028

$

49

2029

$

42