| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis in our investment in Charter is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
|
|
2023 |
|
2022 |
|
Property and equipment |
|
$ |
499 |
|
524 |
|
Customer relationships |
|
|
2,200 |
|
2,230 |
|
Franchise fees |
|
|
3,838 |
|
3,809 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,013 |
|
3,975 |
|
Debt |
|
|
(407) |
|
(450) |
|
Deferred income tax liability |
|
|
(1,509) |
|
(1,505) |
|
|
|
$ |
8,663 |
|
8,612 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
December 31, 2022 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,067 |
|
4,017 |
|
Property and equipment, net |
|
|
36,602 |
|
36,039 |
|
Goodwill |
|
|
29,563 |
|
29,563 |
|
Intangible assets, net |
|
|
69,845 |
|
70,135 |
|
Other assets |
|
|
4,793 |
|
4,769 |
|
Total assets |
|
$ |
144,870 |
|
144,523 |
|
Current liabilities |
|
$ |
12,242 |
|
12,065 |
|
Deferred income taxes |
|
|
19,030 |
|
19,058 |
|
Long-term debt |
|
|
95,973 |
|
96,093 |
|
Other liabilities |
|
|
4,723 |
|
4,758 |
|
Equity |
|
|
12,902 |
|
12,549 |
|
Total liabilities and shareholders’ equity |
|
$ |
144,870 |
|
144,523 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31, |
|
|
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,653 |
|
13,200 |
|
Cost and expenses: |
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,511 |
|
8,134 |
|
Depreciation and amortization |
|
|
2,206 |
|
2,294 |
|
Other operating expenses, net |
|
|
10 |
|
1 |
|
|
|
|
10,727 |
|
10,429 |
|
Operating income |
|
|
2,926 |
|
2,771 |
|
Interest expense, net |
|
|
(1,265) |
|
(1,060) |
|
Other income (expense), net |
|
|
(104) |
|
23 |
|
Income tax (expense) benefit |
|
|
(374) |
|
(345) |
|
Net income (loss) |
|
|
1,183 |
|
1,389 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(162) |
|
(186) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,021 |
|
1,203 |
|
|