| 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):
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
|
|
2023 |
|
2022 |
|
Property and equipment |
|
$ |
435 |
|
524 |
|
Customer relationships |
|
|
2,125 |
|
2,230 |
|
Franchise fees |
|
|
3,843 |
|
3,809 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
4,088 |
|
3,975 |
|
Debt |
|
|
(330) |
|
(450) |
|
Deferred income tax liability |
|
|
(1,495) |
|
(1,505) |
|
|
|
$ |
8,695 |
|
8,612 |
|
|
| Summary of financial information for Charter |
Charter condensed consolidated balance sheets
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
December 31, 2022 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,116 |
|
4,017 |
|
Property and equipment, net |
|
|
38,617 |
|
36,039 |
|
Goodwill |
|
|
29,672 |
|
29,563 |
|
Intangible assets, net |
|
|
69,379 |
|
70,135 |
|
Other assets |
|
|
4,898 |
|
4,769 |
|
Total assets |
|
$ |
146,682 |
|
144,523 |
|
Current liabilities |
|
$ |
12,625 |
|
12,065 |
|
Deferred income taxes |
|
|
18,996 |
|
19,058 |
|
Long-term debt |
|
|
95,800 |
|
96,093 |
|
Other liabilities |
|
|
4,517 |
|
4,758 |
|
Equity |
|
|
14,744 |
|
12,549 |
|
Total liabilities and shareholders’ equity |
|
$ |
146,682 |
|
144,523 |
|
Charter condensed consolidated statements of operations
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
13,584 |
|
13,550 |
|
40,896 |
|
40,348 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
8,299 |
|
8,247 |
|
25,115 |
|
24,574 |
|
Depreciation and amortization |
|
|
2,130 |
|
2,177 |
|
6,508 |
|
6,711 |
|
Other operating (income) expense, net |
|
|
29 |
|
202 |
|
(19) |
|
141 |
|
|
|
|
10,458 |
|
10,626 |
|
31,604 |
|
31,426 |
|
Operating income |
|
|
3,126 |
|
2,924 |
|
9,292 |
|
8,922 |
|
Interest expense, net |
|
|
(1,306) |
|
(1,160) |
|
(3,869) |
|
(3,329) |
|
Other income (expense), net |
|
|
(15) |
|
(37) |
|
(204) |
|
65 |
|
Income tax (expense) benefit |
|
|
(369) |
|
(360) |
|
(1,187) |
|
(1,194) |
|
Net income (loss) |
|
|
1,436 |
|
1,367 |
|
4,032 |
|
4,464 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(181) |
|
(182) |
|
(533) |
|
(605) |
|
Net income (loss) attributable to Charter shareholders |
|
$ |
1,255 |
|
1,185 |
|
3,499 |
|
3,859 |
|
|