| Summary of financial information for Charter |
Summarized unaudited financial information for Charter is as follows (amounts in millions):
Charter condensed consolidated balance sheets
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September 30, 2017
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December 31, 2016
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Current assets
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$
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4,132
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3,300
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Property and equipment, net
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33,300
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32,963
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Goodwill
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29,554
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29,509
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Intangible assets, net
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79,905
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81,924
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Other assets
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1,337
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1,371
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Total assets
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$
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148,228
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149,067
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Current liabilities
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10,419
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9,572
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Deferred income taxes
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26,576
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26,665
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Long-term debt
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66,064
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59,719
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Other liabilities
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2,591
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2,745
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Equity
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42,578
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50,366
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Total liabilities and shareholders’ equity
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$
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148,228
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149,067
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Charter condensed consolidated statements of operations
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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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2017
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2016
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2017
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2016
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Revenue
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$
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10,458
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10,037
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30,979
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18,728
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Cost and expenses:
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Operating costs and expenses (excluding depreciation and amortization)
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(6,703)
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(6,482)
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(19,857)
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(12,157)
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Depreciation and amortization
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(2,701)
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(2,437)
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(7,846)
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(4,412)
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Other operating expenses, net
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(145)
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(207)
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(374)
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(776)
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(9,549)
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(9,126)
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(28,077)
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(17,345)
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Operating income
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909
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911
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2,902
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1,383
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Interest expense, net
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(788)
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(724)
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(2,250)
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(1,771)
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Other income (expense), net
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(3)
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79
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(55)
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429
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Income tax benefit (expense)
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(26)
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(16)
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(99)
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3,135
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Net income (loss)
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92
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250
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498
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3,176
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Less: Net income attributable to noncontrolling interests
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(44)
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(61)
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(156)
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(108)
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Net income (loss) attributable to Charter shareholders
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$
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48
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189
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342
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3,068
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