Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Segment Information |
|
| Schedule of performance measures |
Performance Measures
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Adjusted |
|
|
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
Revenue |
|
OIBDA |
|
|
|
|
amounts in millions |
|
GCI Holdings |
|
$ |
981 |
|
361 |
|
969 |
|
358 |
|
970 |
|
354 |
|
Charter |
|
|
54,607 |
|
21,947 |
|
54,022 |
|
21,335 |
|
51,682 |
|
20,301 |
|
Corporate and other |
|
|
— |
|
(24) |
|
6 |
|
(31) |
|
18 |
|
(49) |
|
|
|
|
55,588 |
|
22,284 |
|
54,997 |
|
21,662 |
|
52,670 |
|
20,606 |
|
Eliminate equity method affiliate |
|
|
(54,607) |
|
(21,947) |
|
(54,022) |
|
(21,335) |
|
(51,682) |
|
(20,301) |
|
Consolidated Liberty Broadband |
|
$ |
981 |
|
337 |
|
975 |
|
327 |
|
988 |
|
305 |
|
|
| Schedule of OIBDA By Segment |
Other Information
|
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|
December 31, 2023 |
|
December 31, 2022 |
|
|
|
Total |
|
Investments |
|
Capital |
|
Total |
|
Investments |
|
Capital |
|
|
|
assets |
|
in affiliates |
|
expenditures |
|
assets |
|
in affiliates |
|
expenditures |
|
|
|
|
amounts in millions |
|
GCI Holdings |
|
$ |
3,340 |
|
— |
|
222 |
|
3,378 |
|
— |
|
181 |
|
Charter |
|
|
147,193 |
|
— |
|
11,115 |
|
144,523 |
|
— |
|
9,376 |
|
Corporate and other |
|
|
12,301 |
|
12,116 |
|
— |
|
11,764 |
|
11,433 |
|
— |
|
|
|
|
162,834 |
|
12,116 |
|
11,337 |
|
159,665 |
|
11,433 |
|
9,557 |
|
Eliminate equity method affiliate |
|
|
(147,193) |
|
— |
|
(11,115) |
|
(144,523) |
|
— |
|
(9,376) |
|
Consolidated Liberty Broadband |
|
$ |
15,641 |
|
12,116 |
|
222 |
|
15,142 |
|
11,433 |
|
181 |
|
|
| Schedule of revenue by geographic area |
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
United States |
|
$ |
981 |
|
975 |
|
986 |
|
Other countries |
|
|
— |
|
— |
|
2 |
|
|
|
$ |
981 |
|
975 |
|
988 |
|
|
| Schedule of reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes |
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
|
amounts in millions |
|
Consolidated segment Adjusted OIBDA |
|
$ |
337 |
|
327 |
|
305 |
|
Stock-based compensation |
|
|
(34) |
|
(37) |
|
(41) |
|
Depreciation and amortization |
|
|
(230) |
|
(262) |
|
(267) |
|
Litigation settlement, net of recoveries |
|
|
— |
|
(67) |
|
(95) |
|
Operating income (loss) |
|
|
73 |
|
(39) |
|
(98) |
|
Interest expense |
|
|
(206) |
|
(133) |
|
(117) |
|
Share of earnings (loss) of affiliates, net |
|
|
1,155 |
|
1,326 |
|
1,194 |
|
Gain (loss) on dilution of investment in affiliate |
|
|
(60) |
|
(63) |
|
(102) |
|
Realized and unrealized gains (losses) on financial instruments, net |
|
|
(101) |
|
334 |
|
67 |
|
Gain (loss) on dispositions, net |
|
|
— |
|
179 |
|
12 |
|
Other, net |
|
|
27 |
|
(70) |
|
(6) |
|
Earnings (loss) before income taxes |
|
$ |
888 |
|
1,534 |
|
950 |
|
|