Liberty Broadband Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliates Accounted for Using the Equity Method (Tables)

Investments in Affiliates Accounted for Using the Equity Method (Tables)

3 Months Ended

Mar. 31, 2015

Investments in Affiliates Accounted for Using the Equity Method

Schedule of allocation of excess basis within memo accounts used for equity accounting purposes

the excess basis has decreased to $2,436 million as of March 31, 2015 and has been allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):


Property and equipment	$	414
Customer relationships		640
Franchise fees		1,451
Trademarks		36
Goodwill		958
Debt		(213)
Deferred income tax liability		(850)
	$	2,436

Equity Method Investments [Table Text Block]

Charter condensed consolidated balance sheet


	March 31, 2015		December 31, 2014
Current assets	$	7,502	371
Property and equipment, net		8,275	8,373
Goodwill		1,168	1,168
Intangible assets, net		7,048	7,111
Other assets		417	7,527
Total assets	$	24,410	24,550
Current liabilities	$	8,569	1,635
Deferred income taxes		1,706	1,674
Long-term debt		13,981	21,023
Other liabilities		77	72
Equity		77	146
Total liabilities and shareholders’ equity	$	24,410	24,550

Charter condensed consolidated statement of operations


		Three months	Three months
		ended	ended
		March 31, 2015	March 31, 2014
Revenue	$	2,362	2,202
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		(1,581)	(1,447)
Depreciation and amortization		(514)	(505)
Other operating expenses, net		(18)	(10)
		(2,113)	(1,962)
Operating income		249	240
Interest expense		(289)	(211)
Other income (expense), net		(6)	(2)
Income tax expense (benefit)		(35)	(64)
Net loss	$	(81)	(37)