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)

6 Months Ended

Jun. 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 $2,445 million as of June 30, 2015 and has been allocated within memo accounts used for equity accounting purposes as follows (amounts in millions):


Property and equipment	$	394
Customer relationships		615
Franchise fees		1,452
Trademarks		36
Goodwill		954
Debt		(149)
Deferred income tax liability		(857)
	$	2,445

Summary of financial information for Charter

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

Charter condensed consolidated balance sheet


	June 30, 2015		December 31, 2014
Current assets	$	456	371
Property and equipment, net		8,244	8,373
Goodwill		1,168	1,168
Intangible assets, net		6,984	7,111
Other assets		467	7,527
Total assets	$	17,319	24,550
Current liabilities	$	1,636	1,635
Deferred income taxes		1,745	1,674
Long-term debt		13,896	21,023
Other liabilities		73	72
Equity		(31)	146
Total liabilities and shareholders’ equity	$	17,319	24,550

Charter condensed consolidated statement of operations


	Three months ended			Six months ended
	June 30, 2015		June 30, 2014	June 30, 2015	June 30, 2014
Revenue	$	2,430	2,259	4,792	4,461
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		(1,601)	(1,479)	(3,182)	(2,926)
Depreciation and amortization		(528)	(528)	(1,042)	(1,033)
Other operating expenses, net		(32)	(16)	(50)	(26)
		(2,161)	(2,023)	(4,274)	(3,985)
Operating income		269	236	518	476
Interest expense		(229)	(210)	(518)	(421)
Other income (expense), net		(127)	(6)	(133)	(8)
Income tax expense (benefit)		(35)	(65)	(70)	(129)
Net loss	$	(122)	(45)	(203)	(82)