| Schedule of performance measures |
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|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, |
|
|
|
2020 |
|
2019 |
|
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
4,219 |
|
(662) |
|
3,713 |
|
(1,105) |
|
Charter |
|
|
12,039,000 |
|
4,625,000 |
|
11,450,000 |
|
4,072,000 |
|
Corporate and other |
|
|
— |
|
(13,608) |
|
— |
|
(3,481) |
|
|
|
|
12,043,219 |
|
4,610,730 |
|
11,453,713 |
|
4,067,414 |
|
Eliminate equity method affiliate |
|
|
(12,039,000) |
|
(4,625,000) |
|
(11,450,000) |
|
(4,072,000) |
|
Consolidated Liberty Broadband |
|
$ |
4,219 |
|
(14,270) |
|
3,713 |
|
(4,586) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, |
|
|
|
2020 |
|
2019 |
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
12,437 |
|
(2,429) |
|
10,918 |
|
(3,174) |
|
Charter |
|
|
35,473,000 |
|
13,501,000 |
|
34,003,000 |
|
12,255,000 |
|
Corporate and other |
|
|
— |
|
(24,229) |
|
— |
|
(8,703) |
|
|
|
|
35,485,437 |
|
13,474,342 |
|
34,013,918 |
|
12,243,123 |
|
Eliminate equity method affiliate |
|
|
(35,473,000) |
|
(13,501,000) |
|
(34,003,000) |
|
(12,255,000) |
|
Consolidated Liberty Broadband |
|
$ |
12,437 |
|
(26,658) |
|
10,918 |
|
(11,877) |
|
|
| Schedule of segment reporting information |
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|
September 30, 2020 |
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|
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
|
(amounts in thousands) |
|
Skyhook |
|
$ |
16,071 |
|
— |
|
42 |
|
Charter |
|
|
144,193,000 |
|
— |
|
5,352,000 |
|
Corporate and other |
|
|
12,845,618 |
|
12,450,425 |
|
— |
|
|
|
|
157,054,689 |
|
12,450,425 |
|
5,352,042 |
|
Eliminate equity method affiliate |
|
|
(144,193,000) |
|
— |
|
(5,352,000) |
|
Consolidated Liberty Broadband |
|
$ |
12,861,689 |
|
12,450,425 |
|
42 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
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|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months |
|
|
|
September 30, |
|
ended September 30, |
|
|
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
|
|
|
|
(amounts in thousands) |
|
Adjusted OIBDA |
|
$ |
(14,270) |
|
(4,586) |
|
(26,658) |
|
(11,877) |
|
Stock-based compensation |
|
|
(2,002) |
|
(2,531) |
|
(5,736) |
|
(7,670) |
|
Depreciation and amortization |
|
|
(56) |
|
(471) |
|
(1,041) |
|
(1,408) |
|
Operating income (loss) |
|
|
(16,328) |
|
(7,588) |
|
(33,435) |
|
(20,955) |
|
Interest expense |
|
|
(3,719) |
|
(6,123) |
|
(14,711) |
|
(19,008) |
|
Share of earnings (loss) of affiliates, net |
|
|
188,586 |
|
61,633 |
|
408,396 |
|
141,882 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(35,284) |
|
(11,219) |
|
(140,610) |
|
(68,944) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(39,324) |
|
(433) |
|
(39,324) |
|
(433) |
|
Other, net |
|
|
8 |
|
350 |
|
199 |
|
1,179 |
|
Earnings (loss) before income taxes |
|
$ |
93,939 |
|
36,620 |
|
180,515 |
|
33,721 |
|
|