Quarterly report pursuant to Section 13 or 15(d)

Investment in Charter Accounted for Using the Equity Method -Summarized Financial Information (Details)

v3.21.2
Investment in Charter Accounted for Using the Equity Method -Summarized Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Investments in affiliates accounted for using the Equity Method          
Current assets $ 519,049   $ 519,049   $ 1,846,511
Property and equipment, net 1,046,634   1,046,634   1,098,512
Goodwill 764,686   764,686   745,577
Other assets 195,653   195,653   151,487
Total assets 18,775,057   18,775,057   21,371,124
Current liabilities 728,873   728,873   611,762
Deferred income taxes 1,991,624   1,991,624   1,977,643
Long-term debt 3,742,029   3,742,029   4,816,233
Other liabilities 183,937   183,937   146,687
Equity 11,818,375   11,818,375   13,502,659
Total liabilities and equity 18,775,057   18,775,057   21,371,124
Operating costs and expenses (excluding depreciation and amortization) 67,104 $ 2,524 136,282 $ 4,992  
Depreciation and amortization 66,874 492 130,636 985  
Total operating costs and expenses 244,376 13,946 591,789 25,325  
Operating income (loss) (2,092) (9,832) (102,971) (17,107)  
Interest expense, net (28,734) (5,131) (61,877) (10,992)  
Other income (expense), net 22,720 28 14,594 191  
Income tax (expense) benefit (44,926) (24,978) (56,711) (22,204)  
Net earnings (loss) 56,214 72,214 108,393 64,372  
Less: Net income attributable to noncontrolling interests 42   83    
Net earnings (loss) attributable to Liberty Broadband shareholders 56,256 72,214 108,476 64,372  
Charter          
Investments in affiliates accounted for using the Equity Method          
Current assets 4,682,000   4,682,000   3,909,000
Property and equipment, net 34,206,000   34,206,000   34,357,000
Goodwill 29,554,000   29,554,000   29,554,000
Intangible assets, net 72,109,000   72,109,000   72,937,000
Other assets 3,475,000   3,475,000   3,449,000
Total assets 144,026,000   144,026,000   144,206,000
Current liabilities 10,038,000   10,038,000   9,875,000
Deferred income taxes 18,678,000   18,678,000   18,108,000
Long-term debt 86,962,000   86,962,000   81,744,000
Other liabilities 4,262,000   4,262,000   4,198,000
Equity 24,086,000   24,086,000   30,281,000
Total liabilities and equity 144,026,000   144,026,000   $ 144,206,000
Revenue 12,802,000 11,696,000 25,324,000 23,434,000  
Operating costs and expenses (excluding depreciation and amortization) 7,882,000 7,297,000 15,593,000 14,729,000  
Depreciation and amortization 2,354,000 2,428,000 4,795,000 4,925,000  
Other operating expenses, net (9,000) 2,000 293,000 9,000  
Total operating costs and expenses 10,227,000 9,727,000 20,681,000 19,663,000  
Operating income (loss) 2,575,000 1,969,000 4,643,000 3,771,000  
Interest expense, net (1,004,000) (957,000) (1,987,000) (1,937,000)  
Other income (expense), net (132,000) 30,000 (80,000) (296,000)  
Income tax (expense) benefit (281,000) (166,000) (497,000) (195,000)  
Net earnings (loss) 1,158,000 876,000 2,079,000 1,343,000  
Less: Net income attributable to noncontrolling interests (138,000) (110,000) (252,000) (181,000)  
Net earnings (loss) attributable to Liberty Broadband shareholders $ 1,020,000 $ 766,000 $ 1,827,000 $ 1,162,000