| Schedule of allocation of excess basis within memo accounts used for equity accounting purposes |
The excess basis has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2024 |
|
2023 |
|
Property and equipment, net |
|
$ |
280 |
|
403 |
|
Customer relationships, net |
|
|
1,751 |
|
2,049 |
|
Franchise fees |
|
|
3,843 |
|
3,843 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
3,845 |
|
4,049 |
|
Debt |
|
|
(251) |
|
(317) |
|
Deferred income tax liability |
|
|
(1,413) |
|
(1,472) |
|
|
|
$ |
8,084 |
|
8,584 |
|
|
| Summary of financial information for Charter |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
|
2024 |
|
2023 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
4,233 |
|
4,132 |
|
Property and equipment, net |
|
|
42,913 |
|
39,520 |
|
Goodwill |
|
|
29,674 |
|
29,668 |
|
Intangible assets, net |
|
|
68,437 |
|
69,141 |
|
Other assets |
|
|
4,763 |
|
4,732 |
|
Total assets |
|
$ |
150,020 |
|
147,193 |
|
Current liabilities |
|
$ |
13,486 |
|
13,214 |
|
Deferred income taxes |
|
|
18,845 |
|
18,954 |
|
Long-term debt |
|
|
92,134 |
|
95,777 |
|
Other liabilities |
|
|
5,848 |
|
4,530 |
|
Equity |
|
|
19,707 |
|
14,718 |
|
Total liabilities and shareholders' equity |
|
$ |
150,020 |
|
147,193 |
|
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2024 |
|
2023 |
|
2022 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
55,085 |
|
54,607 |
|
54,022 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
33,167 |
|
33,405 |
|
32,876 |
|
Depreciation and amortization |
|
|
8,673 |
|
8,696 |
|
8,903 |
|
Other operating (income) expense, net |
|
|
127 |
|
(53) |
|
281 |
|
|
|
|
41,967 |
|
42,048 |
|
42,060 |
|
Operating income |
|
|
13,118 |
|
12,559 |
|
11,962 |
|
Interest expense, net |
|
|
(5,229) |
|
(5,188) |
|
(4,556) |
|
Other income (expense), net |
|
|
(387) |
|
(517) |
|
56 |
|
Income tax (expense) benefit |
|
|
(1,649) |
|
(1,593) |
|
(1,613) |
|
Net earnings (loss) |
|
|
5,853 |
|
5,261 |
|
5,849 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(770) |
|
(704) |
|
(794) |
|
Net Income (loss) attributable to Charter shareholders |
|
$ |
5,083 |
|
4,557 |
|
5,055 |
|
|