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)

9 Months Ended

Sep. 30, 2014

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 $2,349 million as of September 30, 2014 and has been allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):


Property and equipment	$	417
Customer relationships		636
Franchise fees		1,359
Trademarks		33
Goodwill		933
Debt		(215)
Deferred income tax liability		(814)
	$	2,349

Summary of financial information for Charte

Summarized unaudited financial information for Charter is as follows (amounts in millions):

Charter consolidated balance sheet


	September 30, 2014
Cash and cash equivalents	$	10
Accounts receivable, net		270
Property and equipment, net		8,305
Goodwill		1,170
Intangible assets, net		7,184
Other assets		4,011
Total assets	$	20,950
Accounts payable and accrued liabilities	$	1,586
Debt		17,595
Deferred income tax liability		1,610
Other liabilities		62
Equity		97
Total liabilities and shareholders’ equity	$	20,950

Charter consolidated statement of operations


		Three months	Nine months
		ended	ended
		September 30, 2014	September 30, 2014
Revenue	$	2,287	6,748
Operating costs and expenses		(1,518)	(4,444)
Depreciation and amortization		(535)	(1,568)
Other operating expenses		(16)	(42)
Interest expense, net		(217)	(638)
Gain (loss) on derivative instruments, net		5	(3)
Income tax expense, net		(59)	(188)
Net loss	$	(53)	(135)