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, 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 $2,417 million as of September 30, 2015 and has been allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):


Property and equipment	$	375
Customer relationships		591
Franchise fees		1,451
Trademarks		36
Goodwill		944
Debt		(133)
Deferred income tax liability		(847)
	$	2,417

Summary of financial information for Charter

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

Charter condensed consolidated balance sheet


	September 30, 2015		December 31, 2014
Current assets	$	406	371
Property and equipment, net		8,281	8,373
Goodwill		1,168	1,168
Intangible assets, net		6,922	7,111
Restricted cash and cash equivalents		19,626	7,111
Other assets		470	416
Total assets	$	36,873	24,550
Current liabilities	$	1,829	1,635
Deferred income taxes		1,616	1,674
Long-term debt		33,281	21,023
Other liabilities		87	72
Equity		60	146
Total liabilities and shareholders’ equity	$	36,873	24,550

Charter condensed consolidated statement of operations


	Three months ended			Nine months ended
	September 30,			September 30,
	2015		2014	2015	2014
Revenue	$	2,450	2,287	7,242	6,748
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		(1,620)	(1,518)	(4,802)	(4,444)
Depreciation and amortization		(538)	(535)	(1,580)	(1,568)
Other operating expenses, net		(19)	(16)	(69)	(42)
		(2,177)	(2,069)	(6,451)	(6,054)
Operating income		273	218	791	694
Interest expense		(353)	(217)	(871)	(638)
Other income (expense), net		(8)	5	(141)	(3)
Income tax benefit (expense)		142	(59)	72	(188)
Net income (loss)	$	54	(53)	(149)	(135)