GCI LIBERTY, INC. GLIBP Balance Sheet

Gci liberty, inc. (GLIBP)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
568	569	410	422	422	491	689	767	402	573	19	23	14	19	92	11	13	26	59	34	42	15	35	82	53	44	57	26	30	24	27	22	30	29	34	25	33
Trade and other receivables, net of allowance for doubtful accounts of $7,795 and $7,516, respectively
106	114	190	175	175	182	243	225	205	6	183	208	212	184	200	221	223	208	189	182	198	212	222	203	219	228	202	167	163	150	183	161	150	141	168	155	132
Current portion of tax sharing receivable
-	-	7	0	36	36	28	28	58	0	23	23	21	18	16	17	16	12	13	14	13	12	10	12	11	7	12	10	10	8	8	9	9	7	8	9	5
Less allowance for doubtful receivables
-	-	-	-	-	-	-	-	-	-	4	3	4	4	4	2	2	3	4	5	6	4	3	3	2	2	2	2	2	3	3	3	5	5	6	7	9
Net receivables
-	-	-	-	-	-	-	-	-	-	179	204	208	179	195	219	221	204	184	176	192	207	218	200	216	226	199	164	161	147	179	158	145	136	162	148	123
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	83	64	-	36	44	36	39	42	33	12	12	15	15	15	15	10	10	10
Inventories
-	-	-	-	-	-	-	-	-	-	9	10	9	11	7	10	10	11	10	12	14	17	7	8	6	10	8	8	12	12	11	16	9	7	7	6	5
Other current assets
35	43	43	42	34	40	40	37	38	1	0	0	0	0	0	0	0	3	3	3	3	0	0	0	0	0	0	0	1	1	2	3	3	3	3	3	3
Total current assets
710	727	651	640	669	750	1,002	1,059	705	581	231	261	254	229	312	258	262	258	319	323	331	252	309	348	324	329	321	244	229	206	245	225	213	200	227	203	182
Investments in equity securities (note 4)
2,343	2,605	2,213	2,122	1,867	1,533	1,751	1,574	1,673	1,803	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in affiliates (note 5)
166	167	168	169	172	177	174	121	112	114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment
-	-	-	-	-	-	-	-	-	-	2,714	2,682	2,642	2,614	2,505	2,453	2,408	2,384	2,435	-	-	2,341	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less accumulated depreciation
-	-	-	-	-	-	-	-	-	-	1,561	1,538	1,497	1,452	1,412	1,369	1,327	1,290	1,350	-	-	1,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment in service, net of depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	999	995	-	969	985	967	969	919	841	855	838	817	822	835	849	762	766	798
Construction in progress
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	88	-	121	89	81	87	125	104	73	94	92	71	51	42	108	77	31
Property and equipment, net
1,067	1,090	1,110	1,127	1,161	1,184	1,197	1,200	1,193	0	1,153	1,144	1,144	1,161	1,093	1,084	1,080	1,094	1,085	1,085	1,083	1,112	1,090	1,074	1,048	1,057	1,044	946	929	932	910	894	887	892	870	843	829
Intangible assets not subject to amortization
Intangible assets not subject to amortization
Goodwill
855	855	855	855	855	855	967	957	950	25	242	242	242	239	239	239	239	239	239	237	233	229	229	229	219	219	215	77	77	77	74	74	74	74	73	73	73
Intangible assets not subject to amortization
1,202	1,202	1,369	1,369	1,369	1,367	1,544	1,534	1,517	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cable certificates
-	-	-	-	-	-	-	-	-	-	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191	191
Wireless licenses
-	-	-	-	-	-	-	-	-	-	93	93	92	92	92	92	86	86	86	86	86	86	86	86	91	91	91	25	25	25	25	25	25	25	25	25	25
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	20	26	-	10	14	14	15	16	-	0
Intangible assets subject to amortization, net (note 6)
379	391	399	410	423	436	480	492	544	4	74	76	78	74	70	70	70	69	65	64	65	66	65	64	70	71	15	15	15	16	15	16	15	15	16	16	17
Tax sharing receivable
74	84	76	82	74	65	83	82	132	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan and senior notes costs, net of amortization of $7,227 and $8,644 at December 31, 2015 and 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	17	16	10	10	11	11	12	12	13	10	11	11	11	12	12	13	13	13
Other assets, net
323	295	188	198	163	71	48	47	48	4	76	75	80	76	32	30	30	27	27	26	37	52	54	54	52	40	87	14	13	44	14	14	16	17	15	16	16
Total other assets
-	-	-	-	-	-	-	-	-	-	678	678	684	674	625	624	618	613	626	624	631	637	638	637	636	625	626	358	361	367	344	350	351	354	353	337	339
Total assets
10,993	11,933	10,645	10,568	9,818	8,660	9,880	9,344	9,584	6,172	2,063	2,084	2,083	2,065	2,031	1,967	1,960	1,966	2,031	2,033	2,046	2,002	2,038	2,061	2,009	2,011	1,993	1,549	1,520	1,506	1,499	1,469	1,452	1,446	1,451	1,384	1,351
Liabilities and Equity
Current liabilities:
Accounts payable and accrued liabilities
91	92	83	88	80	100	97	104	28	0	58	49	50	72	51	47	45	63	50	46	54	76	73	57	50	65	56	44	37	52	43	39	37	41	49	39	35
Deferred revenue
25	27	28	30	32	31	33	31	22	0	41	39	39	37	33	34	35	34	33	29	30	29	31	30	29	27	26	25	25	25	23	25	23	22	18	18	17
Current portion of debt, net of deferred financing costs (note 7)
3	3	902	901	901	900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable forward
-	-	-	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of obligations under long-term debt, capital leases, and tower obligations
-	-	-	-	-	-	-	-	-	-	13	13	13	13	13	12	12	12	11	11	11	8	10	10	10	9	8	8	8	7	7	7	9	8	8	7	7
Indemnification obligation (note 3)
0	202	-	-	-	0	-	-	252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
84	69	71	56	67	47	70	52	112	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll and payroll related obligations
-	-	-	-	-	-	-	-	-	-	31	30	30	30	29	29	28	31	29	27	27	32	29	25	21	29	26	23	20	19	20	21	20	22	20	20	22
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	13	15	15	14	17	24	23	22	17	19	18	14	14	16	15	14	15	17	15	15	25	15	14	11	11	12	12
Accrued interest (including $5,132 to a related party at December 31, 2017 and 2016)
-	-	-	-	-	-	-	-	-	-	25	11	22	13	25	10	22	13	26	14	24	6	21	6	21	7	21	6	21	6	21	6	21	6	21	7	13
Subscriber deposits
-	-	-	-	-	-	-	-	-	-	1	1	1	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Total current liabilities
204	395	1,086	1,078	1,172	1,080	202	188	416	10	186	161	172	183	170	160	168	178	170	151	167	170	182	149	148	154	156	127	130	128	144	116	126	113	131	107	109
Long-term debt, net, including $607,301 and $658,839 measured at fair value, respectively (note 7)
3,210	3,263	2,088	2,071	2,042	1,985	3,049	2,965	2,474	0	1,333	1,384	1,363	1,333	1,330	1,344	1,334	1,329	1,345	1,345	1,322	1,036	1,019	1,082	1,044	1,045	1,012	896	885	875	864	874	859	858	852	830	779
Obligations under finance leases and tower obligations, excluding current portion
96	97	99	100	118	122	125	128	131	0	42	45	47	50	52	55	57	59	61	62	64	68	68	70	72	66	67	69	71	72	74	75	77	78	80	81	84
Long-term deferred revenue
54	57	59	60	62	65	66	64	60	0	136	137	137	135	120	114	101	93	94	98	99	85	85	86	87	88	91	89	91	89	88	86	81	81	63	56	49
Obligation under capital lease due to related party, excluding current maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	-	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Tower obligations
-	-	-	-	-	-	-	-	-	-	93	90	91	87	88	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax liabilities
1,303	1,527	1,272	1,246	1,064	793	1,010	882	1,062	643	133	136	177	137	113	111	109	106	176	202	189	131	160	166	158	161	161	151	126	123	124	119	115	114	109	101	102
Taxes payable
-	-	-	-	-	-	0	0	0	1,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock (note 8)
178	178	177	177	177	177	175	174	174	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative instrument (note 3)
24	71	78	138	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Indemnification obligation (note 3)
179	0	136	133	110	78	99	84	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative stock appreciation rights with related party
-	-	-	-	-	-	-	-	-	-	83	-	-	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
127	133	140	145	121	50	52	51	147	95	55	126	87	54	64	72	78	80	73	72	67	43	37	37	37	36	32	25	25	25	25	24	23	24	22	22	24
Total liabilities
5,378	5,723	5,138	5,151	4,869	4,354	4,781	4,540	4,468	1,948	2,065	2,082	2,078	2,012	1,940	1,858	1,849	1,847	1,921	1,934	1,913	1,535	1,556	1,595	1,550	1,554	1,523	1,362	1,332	1,317	1,324	1,298	1,286	1,272	1,261	1,202	1,151
Stockholders’ equity:
Parent's investment
-	-	-	-	-	-	0	0	0	2,305	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
3,223	3,221	3,225	3,219	3,212	3,251	3,345	3,367	3,364	0	16	11	6	3	14	11	7	6	-4	-8	-9	26	30	29	27	26	29	27	26	25	26	25	24	32	40	39	37
Accumulated other comprehensive earnings (loss), net of taxes
34	-4	-0	4	3	0	-18	-13	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
2,347	2,982	2,270	2,181	1,722	1,043	1,760	1,441	1,744	1,914	-54	-45	-36	17	44	63	70	79	82	71	105	124	139	127	119	116	123	115	110	107	107	103	99	97	100	93	93
Total stockholders' equity
5,606	6,201	5,497	5,407	4,939	4,297	5,089	4,796	5,108	4,220	-35	-31	-27	22	61	77	80	88	79	65	98	167	185	171	161	157	163	155	155	157	159	155	150	157	173	181	200
Non-controlling interests
8	8	9	9	9	9	9	7	7	3	32	33	33	30	30	30	30	30	31	34	34	299	297	293	297	300	305	32	32	32	15	15	16	16	16	-	0
Total equity
5,615	6,210	5,506	5,416	4,948	4,306	5,099	4,803	5,116	4,224	-2	1	5	53	91	108	111	119	110	99	132	467	482	465	458	457	469	187	188	189	175	171	166	173	189	-	200
Commitments and contingencies (note 10)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	-	-	-	-	-	-	-
Total liabilities and equity
10,993	11,933	10,645	10,568	9,818	8,660	9,880	9,344	9,584	6,172	2,063	2,084	2,083	2,065	2,031	1,967	1,960	1,966	2,031	2,033	2,046	2,002	2,038	2,061	2,009	2,011	1,993	1,549	1,520	1,506	1,499	1,469	1,452	1,446	1,451	1,384	1,351
Liberty Broadband
Investments in affiliates (note 5)
4,725	5,367	4,467	4,448	3,915	3,074	-	-	-	3,634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cable certificates
Indefinite-lived intangibles
305	305	305	305	305	305	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wireless licenses
Indefinite-lived intangibles
-	-	191	191	191	190	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Indefinite-lived intangibles
41	41	16	16	16	16	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets subject to amortization, net (note 6)
75	78	76	77	80	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series A common stock, $0.01 par value. Authorized 500,000,000 shares; issued and outstanding 101,319,919 shares at March 31, 2020 and 101,306,716 shares at December 31, 2019
Common stock, $.01 par value
1	1	1	1	1	1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B common stock, $0.01 par value. Authorized 20,000,000 shares; issued and outstanding 4,488,829 shares at March 31, 2020 and 4,437,593 shares at December 31, 2019
Common stock, $.01 par value
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series C common stock, $0.01 par value. Authorized 1,040,000,000 shares; no issued and outstanding at March 31, 2020 and December 31, 2019
Common stock, $.01 par value
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
0.01	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-