Gci liberty, inc. (GLIBA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

235,799

232,387

227,044

217,566

217,736

234,922

210,146

233,490

61,204

8,178

5,493

6,177

3,969

-678,967

236,655

233,766

231,098

241,344

258,573

247,528

231,089

228,791

240,725

224,399

216,283

217,828

217,943

189,661

186,216

183,676

178,494

176,104

171,907

168,812

177,703

168,089

164,777

171,509

162,326

Revenues:
Non-related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241,344

258,573

247,528

225,806

214,240

225,677

210,236

200,503

201,594

205,500

189,661

186,216

-

-

-

-

-

-

-

-

-

-

Related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,283

14,551

15,048

14,163

15,780

16,234

12,443

0

0

-

-

-

-

-

-

-

-

-

-

Cost of goods sold (exclusive of depreciation and amortization shown separately below):
Non-related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85,597

82,717

79,256

73,887

78,949

73,971

69,707

69,143

75,786

69,606

65,699

64,610

-

-

-

-

-

-

-

-

-

-

Related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

881

2,698

2,930

2,675

2,631

2,684

2,077

0

0

-

-

-

-

-

-

-

-

-

-

Total cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,494

78,141

76,291

85,597

82,717

79,256

74,768

81,647

76,901

72,382

71,774

78,470

71,683

65,699

64,610

69,814

62,754

58,073

56,860

55,665

60,664

57,314

53,756

52,486

51,754

Operating costs and expenses:
Operating costs and expenses:
Operating expense (exclusive of depreciation and amortization shown separately below)

69,663

75,369

72,637

68,432

68,893

73,395

64,684

69,294

19,819

3,146

2,798

2,838

2,759

-

-

-

-

88,749

82,655

83,047

83,388

78,530

71,717

68,685

70,742

71,276

68,468

63,871

64,411

-

-

-

-

-

-

-

-

-

-

Related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

540

625

1,066

1,132

1,150

1,824

1,079

0

136

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative, including stock-based compensation (note 9)

92,545

94,102

93,597

95,278

116,309

112,059

102,483

100,401

32,733

26,338

12,341

14,134

11,808

-221,601

88,974

88,022

87,646

88,749

82,655

83,047

83,928

79,155

72,783

69,817

71,892

73,100

69,547

63,871

64,547

61,990

58,228

60,048

62,982

64,478

54,453

57,697

58,893

58,532

54,704

Depreciation and amortization expense

63,008

66,298

66,466

65,891

67,678

63,689

62,848

64,388

16,021

854

823

822

753

-140,069

47,819

48,072

47,142

46,204

45,157

45,171

45,235

42,442

41,705

43,786

42,352

40,835

38,029

34,396

33,999

32,602

32,120

33,350

32,380

32,639

30,653

30,779

31,866

30,288

30,820

Asset Impairment Charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,571

851

26,417

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

0

-5,994

-1,482

4,218

-2,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs and expenses

225,216

396,837

231,218

233,819

250,380

457,083

230,015

234,083

68,573

30,338

15,962

17,794

15,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

10,583

-164,450

-4,174

-16,253

-32,644

-222,161

-19,869

-593

-7,369

-22,160

-10,469

-11,617

-11,351

-101,073

26,368

19,531

20,019

20,794

45,473

39,203

741

25,547

49,336

38,414

30,265

25,423

38,684

25,695

23,060

19,270

25,392

24,633

19,685

16,030

31,933

22,299

20,262

30,203

25,048

Other income (expense):
Interest expense (including amortization of deferred loan fees)

36,255

37,446

38,353

40,386

37,618

37,992

37,614

35,442

8,248

-5

0

5

0

-58,199

19,666

19,362

19,171

19,073

19,260

20,605

19,848

18,267

17,848

18,170

18,211

17,772

17,522

17,527

16,904

16,879

16,765

16,948

17,155

16,834

16,678

17,294

17,452

17,760

17,729

Share of earnings (losses) of affiliates, net (note 5)

-707

-186

1,921

-1,068

-3,296

7,058

10,856

10,350

-2,492

2,030

1,648

1,600

1,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized and unrealized gains (losses) on financial instruments, net (note 3)

-833,992

1,157,537

156,165

679,098

1,009,600

-677,217

495,509

-428,356

-71,481

-633,600

472,763

60,449

737,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax sharing agreement

-10,533

-25,913

-2,362

-7,452

9,081

6,649

-2,492

21,065

6,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,881

1,846

1,831

1,842

1,828

1,795

1,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instrument unrealized income (loss) with related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

6,510

4,530

-6,120

30

-2,950

-2,120

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-27,700

-

-

0

0

-

-

-

-

-

-

0

0

-

-

0

-9,111

-

0

0

Impairment of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

12,593

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

4

4

99

76

Other, net

2,380

-652

-540

11,596

2,768

1,187

-834

-1,845

1,697

1,389

328

541

209

29,071

613

587

502

472

1,202

4,390

-3,147

-84

-563

-1,049

-97

-223

-180

53

0

-108

166

88

-129

-172

-59

-9

-24

0

0

Other income (expense)

-879,107

1,127,004

121,555

656,692

980,535

-713,613

470,409

-476,358

-87,407

-630,176

474,739

62,585

739,484

1,398,184

-16,134

-14,111

-15,970

-26,563

-19,856

-61,253

-26,252

-18,351

-18,411

-19,219

-18,308

-18,098

-17,702

-17,474

-16,904

-16,987

-16,599

-16,860

-17,284

-17,036

-16,715

-26,410

-17,472

-17,661

-17,653

Earnings (loss) before income taxes

-868,524

962,554

117,381

640,439

947,891

-935,774

450,540

-476,951

-94,776

-652,336

464,270

50,968

728,133

1,297,111

10,234

5,420

4,049

-5,769

25,617

-22,050

-25,511

7,196

30,925

19,195

11,957

7,325

20,982

8,221

6,156

2,283

8,793

7,773

2,401

-1,006

15,218

-4,111

2,790

12,542

7,395

Income tax (expense) benefit

-236,622

251,136

28,087

181,395

269,405

-219,075

133,284

-173,471

75,955

-607,348

176,980

19,367

277,479

488,649

2,407

2,122

3,067

3,110

8,122

-6,293

-6,786

1,400

5,078

2,355

1,196

2,800

970

4,158

3,029

1,701

5,270

3,968

1,149

11,926

-7,979

2,067

1,391

4,959

5,465

Net earnings (loss)

-631,902

711,418

89,294

459,044

678,486

-716,699

317,256

-303,480

-170,731

-44,988

287,290

31,601

450,654

808,462

7,827

3,298

982

-8,879

17,495

-15,757

-18,725

5,796

25,847

16,840

10,761

4,525

20,012

4,063

3,127

582

3,523

3,805

1,252

-1,108

7,239

-2,044

1,399

7,583

1,930

Less net earnings (loss) attributable to the non-controlling interests

-25

-371

-28

0

-57

-31

-127

-154

-39

44

-72

-1

0

236

-116

-117

-117

-119

-136

-130

544

15,221

15,932

10,913

9,621

11,448

11,107

-117

-117

-688

-177

177

177

-238

0

0

0

-

-

Net earnings (loss) attributable to GCI Liberty, Inc. shareholders

-631,877

711,789

89,322

459,044

678,543

-716,668

317,383

-303,326

-170,692

-45,032

287,362

31,602

450,654

808,226

7,943

3,415

1,099

-8,760

17,631

-15,627

-19,269

-9,425

9,915

5,927

1,140

-6,923

8,905

4,180

3,244

562

3,700

3,982

1,429

-870

7,239

-2,044

1,399

-

-

Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share)

-5.99

6.71

0.85

4.38

6.47

-6.64

2.95

-2.82

-1.58

-0.41

2.64

0.29

4.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share)

-5.99

6.73

0.84

4.34

6.41

-6.60

2.91

-2.82

-1.58

-0.41

2.64

0.29

4.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-