| 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, |
|
|
|
2020 |
|
2019 |
|
Property and equipment |
|
$ |
733 |
|
225 |
|
Customer relationships |
|
|
2,726 |
|
1,043 |
|
Franchise fees |
|
|
3,693 |
|
1,996 |
|
Trademarks |
|
|
29 |
|
29 |
|
Goodwill |
|
|
3,934 |
|
1,630 |
|
Debt |
|
|
(602) |
|
(9) |
|
Deferred income tax liability |
|
|
(1,641) |
|
(817) |
|
|
|
$ |
8,872 |
|
4,097 |
|
|
| Summary of financial information for Charter |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
|
2020 |
|
2019 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
3,909 |
|
6,537 |
|
Property and equipment, net |
|
|
34,357 |
|
34,591 |
|
Goodwill |
|
|
29,554 |
|
29,554 |
|
Intangible assets |
|
|
72,937 |
|
74,775 |
|
Other assets |
|
|
3,449 |
|
2,731 |
|
Total assets |
|
$ |
144,206 |
|
148,188 |
|
Current liabilities |
|
$ |
9,875 |
|
12,385 |
|
Deferred income taxes |
|
|
18,108 |
|
17,711 |
|
Long-term debt |
|
|
81,744 |
|
75,578 |
|
Other liabilities |
|
|
4,198 |
|
3,703 |
|
Equity |
|
|
30,281 |
|
38,811 |
|
Total liabilities and equity |
|
$ |
144,206 |
|
148,188 |
|
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2020 |
|
2019 |
|
2018 |
|
|
|
|
amounts in millions |
|
Revenue |
|
$ |
48,097 |
|
45,764 |
|
43,634 |
|
Cost and expenses: |
|
|
|
|
|
|
|
|
Operating costs and expenses (excluding depreciation and amortization) |
|
|
29,930 |
|
29,224 |
|
27,860 |
|
Depreciation and amortization |
|
|
9,704 |
|
9,926 |
|
10,318 |
|
Other operating expenses, net |
|
|
58 |
|
103 |
|
235 |
|
|
|
|
39,692 |
|
39,253 |
|
38,413 |
|
Operating income |
|
|
8,405 |
|
6,511 |
|
5,221 |
|
Interest expense, net |
|
|
(3,848) |
|
(3,797) |
|
(3,540) |
|
Loss on extinguishment of debt |
|
|
(143) |
|
(25) |
|
— |
|
Other income (expense), net |
|
|
(112) |
|
(258) |
|
5 |
|
Income tax (expense) benefit |
|
|
(626) |
|
(439) |
|
(180) |
|
Net earnings (loss) |
|
|
3,676 |
|
1,992 |
|
1,506 |
|
Less: Net income attributable to noncontrolling interests |
|
|
(454) |
|
(324) |
|
(276) |
|
Net Income (loss) attributable to Charter shareholders |
|
$ |
3,222 |
|
1,668 |
|
1,230 |
|
|