Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information (Tables)

v3.25.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Information  
Schedule of performance measures

Performance Measures

Year ended

December 31, 2024

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

1,016

1,016

Operating expense (excluding stock-based compensation)

(257)

(257)

Selling, general and administrative expense (excluding stock-based compensation)

(397)

(35)

(432)

Adjusted OIBDA

$

362

(35)

327

Year ended

December 31, 2023

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

981

981

Operating expense (excluding stock-based compensation)

(245)

(245)

Selling, general and administrative expense (excluding stock-based compensation)

(375)

(24)

(399)

Adjusted OIBDA

$

361

(24)

337

Year ended

December 31, 2022

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

969

6

975

Operating expense (excluding stock-based compensation)

(250)

(3)

(253)

Selling, general and administrative expense (excluding stock-based compensation)

(361)

(34)

(395)

Adjusted OIBDA

$

358

(31)

327

Schedule of Other Information By Segment

Other Information

December 31, 2024

December 31, 2023

 

Total

Investments

Capital

Total

Investments

Capital

 

assets

in affiliates

expenditures

assets

in affiliates

expenditures

 

amounts in millions

 

GCI Holdings

$

3,390

247

3,340

222

Corporate and other

 

13,297

 

13,057

 

 

12,301

 

12,116

 

Consolidated Liberty Broadband

$

16,687

 

13,057

 

247

 

15,641

 

12,116

 

222

Schedule of revenue by geographic area

Years ended December 31,

 

2024

2023

2022

 

amounts in millions

 

United States

    

$

1,016

    

981

    

975

Other countries

 

 

 

$

1,016

 

981

 

975

Schedule of reconciliation of segment Adjusted OIBDA to Operating income (loss) and Earnings (loss) before income taxes

Years ended December 31,

 

2024

2023

2022

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

    

$

327

    

337

    

327

Stock-based compensation

 

(28)

 

(34)

 

(37)

Depreciation and amortization

 

(207)

 

(230)

 

(262)

Litigation settlement, net of recoveries

(67)

Operating income (loss)

92

73

(39)

Interest expense

(194)

(206)

(133)

Share of earnings (loss) of affiliates, net

 

1,323

 

1,155

 

1,326

Gain (loss) on dilution of investment in affiliate

 

(32)

 

(60)

 

(63)

Realized and unrealized gains (losses) on financial instruments, net

 

(125)

 

(101)

 

334

Gain (loss) on dispositions, net

179

Other, net

 

18

 

27

 

(70)

Earnings (loss) before income taxes

$

1,082

 

888

 

1,534