Annual report pursuant to Section 13 and 15(d)

Investment in Charter Accounted for Using the Equity Method (Tables)

v3.10.0.1
Investment in Charter Accounted for Using the Equity Method (Tables)
12 Months Ended
Dec. 31, 2018
Investment in Charter Accounted for Using the Equity Method  
Schedule of allocation of excess basis within memo accounts used for equity accounting purposes

Such amount has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2018

 

2017

 

Property and equipment

    

$

328

 

361

 

Customer relationships

 

 

721

 

689

 

Franchise fees

 

 

1,821

 

1,670

 

Trademarks

 

 

29

 

29

 

Goodwill

 

 

1,202

 

986

 

Debt

 

 

(105)

 

(98)

 

Deferred income tax liability

 

 

(698)

 

(662)

 

 

 

$

3,298

 

2,975

 

 

Summary of financial information for Charter

 

Consolidated Balance Sheets 

 

 

 

 

 

 

 

 

    

December 31,

 

December 31,

 

 

 

2018

 

2017

 

 

 

amounts in millions

 

Current assets

 

$

2,944

 

2,555

 

Property and equipment, net

 

 

35,126

 

33,888

 

Goodwill

 

 

29,554

 

29,554

 

Intangible assets

 

 

76,884

 

79,270

 

Other assets

 

 

1,622

 

1,356

 

Total assets

 

$

146,130

 

146,623

 

Current liabilities

 

$

12,095

 

11,090

 

Deferred income taxes

 

 

17,389

 

17,314

 

Long-term debt

 

 

69,537

 

68,186

 

Other liabilities

 

 

2,837

 

2,502

 

Equity

 

 

44,272

 

47,531

 

Total liabilities and equity

 

$

146,130

 

146,623

 

Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

    

Years ended December 31,

 

 

 

2018

 

2017

 

2016

 

 

 

amounts in millions

 

Revenue

 

$

43,634

 

41,581

 

29,003

 

Cost and expenses:

 

 

 

 

 

 

 

 

Operating costs and expenses (excluding depreciation and amortization)

 

 

27,860

 

26,541

 

18,655

 

Depreciation and amortization

 

 

10,318

 

10,588

 

6,907

 

Other operating expenses, net

 

 

235

 

346

 

985

 

 

 

 

38,413

 

37,475

 

26,547

 

Operating income

 

 

5,221

 

4,106

 

2,456

 

Interest expense

 

 

(3,540)

 

(3,090)

 

(2,499)

 

Loss on extinguishment of debt

 

 

 —

 

(40)

 

(111)

 

Other income (expense), net

 

 

 5

 

52

 

974

 

Income tax (expense) benefit

 

 

(180)

 

9,087

 

2,925

 

Net earnings (loss)

 

 

1,506

 

10,115

 

3,745

 

Less: Net income attributable to noncontrolling interests

 

 

(276)

 

(220)

 

(223)

 

Net Income (loss) attributable to Charter shareholders

 

$

1,230

 

9,895

 

3,522