| Summary of financial information for Charter |
Summarized unaudited financial information for Charter is as follows (amounts in millions):
Charter condensed consolidated balance sheet
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June 30, 2017
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December 31, 2016
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Current assets
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$
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2,564
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3,300
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Property and equipment, net
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32,948
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32,963
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Goodwill
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29,554
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29,509
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Intangible assets, net
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80,547
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81,924
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Other assets
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1,347
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1,371
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Total assets
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$
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146,960
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149,067
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Current liabilities
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8,123
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9,572
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Deferred income taxes
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26,574
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26,665
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Long-term debt
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63,248
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59,719
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Other liabilities
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2,582
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2,745
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Equity
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46,433
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50,366
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Total liabilities and shareholders’ equity
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$
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146,960
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149,067
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Charter condensed consolidated statement of operations
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Three months ended
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Six months ended
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June 30,
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June 30,
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2017
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2016
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2017
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2016
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Revenue
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$
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10,357
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6,161
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20,521
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8,691
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Cost and expenses:
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Operating costs and expenses (excluding depreciation and amortization)
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(6,575)
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(4,004)
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(13,154)
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(5,675)
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Depreciation and amortization
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(2,595)
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(1,436)
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(5,145)
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(1,975)
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Other operating expenses, net
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(135)
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(551)
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(229)
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(569)
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(9,305)
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(5,991)
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(18,528)
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(8,219)
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Operating income
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1,052
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170
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1,993
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472
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Interest expense, net
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(749)
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(593)
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(1,462)
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(1,047)
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Other income (expense), net
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(60)
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358
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(52)
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350
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Income tax benefit (expense)
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(48)
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3,179
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(73)
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3,151
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Net income (loss)
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195
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3,114
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406
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2,926
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Less: Net income attributable to noncontrolling interests
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(56)
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(47)
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(112)
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(47)
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Net income (loss) attributable to Charter shareholders
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$
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139
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3,067
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294
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2,879
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