GCI, LLC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12300 LIBERTY BOULEVARD ENGLEWOOD, CO 80112 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 88,292 | 170,741 | 15,622 | 19,297 | 26,528 | 15,402 | |||
| Cash and cash equivalents | 88,292 | 170,741 | 15,622 | 19,297 | 26,528 | 15,402 | |||
| Receivables | (7,516) | (7,555) | 184,588 | 215,387 | 204,754 | 235,843 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,996 | 11,945 | 11,322 | 17,032 | |||||
| Inventory | 12,996 | 11,945 | 11,322 | 17,032 | |||||
| Prepaid expense | 21,206 | 18,599 | 12,862 | 12,179 | |||||
| Other current assets | 43,860 | 40,100 | 71 | 167 | 3,129 | 153 | |||
| Other undisclosed current assets | 121,951 | 190,155 | 28,176 | ||||||
| Total current assets: | 246,587 | 393,441 | 234,483 | 265,395 | 258,595 | 308,785 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 12,445 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 123,831 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,090,901 | 1,184,606 | 1,154,711 | 1,161,918 | 1,112,482 | ||||
| Long-term investments and receivables | 167,643 | 177,030 | |||||||
| Long-term investments | 167,643 | 177,030 | |||||||
| Intangible assets, net (including goodwill) | 1,236,161 | 1,280,188 | 603,349 | 597,689 | 586,535 | 573,557 | |||
| Goodwill | 844,182 | 844,182 | 242,264 | 239,263 | 239,263 | 229,560 | |||
| Intangible assets, net (excluding goodwill) | 391,979 | 436,006 | 361,085 | 358,426 | 347,272 | 343,997 | |||
| Deferred costs | 16,335 | 10,949 | |||||||
| Other noncurrent assets | 295,693 | 71,514 | 100,957 | 40,937 | 26,462 | 52,725 | |||
| Other undisclosed noncurrent assets | 8,182,759 | 5,119,390 | (1,112,482) | ||||||
| Total noncurrent assets: | 11,109,433 | 7,832,728 | 1,859,017 | 1,800,544 | 629,332 | 637,231 | |||
| Other undisclosed assets | 1,094,381 | 1,112,482 | |||||||
| TOTAL ASSETS: | 11,356,020 | 8,226,169 | 2,093,500 | 2,065,939 | 1,982,308 | 2,058,498 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 92,747 | 99,424 | 109,107 | 126,765 | 125,696 | 130,832 | |||
| Interest and dividends payable | 8,843 | 8,794 | 8,523 | 6,654 | |||||
| Employee-related liabilities | 32,044 | 30,305 | 31,337 | 32,803 | |||||
| Accounts payable | 54,073 | 72,937 | 63,014 | 76,918 | |||||
| Accrued liabilities | 14,147 | 14,729 | 22,822 | 14,457 | |||||
| Other undisclosed accounts payable and accrued liabilities | 92,747 | 99,424 | |||||||
| Deferred revenue | 27,886 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 3,008 | 900,759 | 13,972 | 13,229 | 12,050 | 8,722 | |||
| Other liabilities | 66,016 | 44,799 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 38,047 | 37,618 | 34,128 | 29,314 | ||
| Due to related parties | 7,447 | ||||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | 1,271 | 917 | 1,242 | 1,212 | ||
| Contract with customer, liability | ✕ | ✕ | 31,743 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | (7,447) | ||||||||
| Total current liabilities: | 189,657 | 1,076,725 | 162,397 | 178,529 | 173,116 | 170,080 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,692,463 | 1,553,799 | 1,360,616 | 1,327,122 | 1,349,605 | 1,102,555 | |||
| Long-term debt, excluding current maturities | 2,604,371 | 1,522,939 | 1,320,328 | 1,276,806 | 1,289,954 | 1,036,056 | |||
| Capital lease obligations | ✕ | ✕ | 30,860 | 40,288 | 50,316 | 59,651 | 66,499 | ||
| Finance lease, liability | 7,281 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 1,887,111 | 224,179 | 292,798 | 331,718 | 249,492 | 316,784 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 138,022 | 135,877 | 93,427 | 85,734 | ||
| Deferred revenue | 57,986 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 65,954 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 94,683 | 141,785 | 108,073 | 187,872 | |||
| Deferred income tax liabilities | 1,578,643 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Due to related parties | 117,462 | 107,682 | |||||||
| Other liabilities | 133,020 | 50,543 | 60,093 | 54,056 | 47,992 | 43,178 | |||
| Operating lease, liability | 80,811 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 80,720 | 883,449 | 93,606 | 87,653 | 1,857 | ||||
| Total noncurrent liabilities: | 4,660,294 | 2,661,427 | 1,747,020 | 1,746,493 | 1,599,097 | 1,421,196 | |||
| Total liabilities: | 4,849,951 | 3,738,152 | 1,909,417 | 1,925,022 | 1,772,213 | 1,591,276 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 6,497,269 | 4,478,450 | 147,247 | 110,388 | 179,097 | 167,356 | |||
| Common stock | 206,622 | ||||||||
| Additional paid in capital | 177,219 | 161,310 | 164,508 | 88,802 | |||||
| Retained earnings (accumulated deficit) | 3,185,869 | 999,706 | (236,594) | (257,544) | (192,033) | (128,068) | |||
| Other undisclosed equity, attributable to parent | 3,311,400 | 3,478,744 | 206,622 | 206,622 | 206,622 | ||||
| Equity, attributable to noncontrolling interest | 8,800 | 9,567 | 36,836 | 30,529 | 30,998 | 299,866 | |||
| Total equity: | 6,506,069 | 4,488,017 | 184,083 | 140,917 | 210,095 | 467,222 | |||
| TOTAL LIABILITIES AND EQUITY: | 11,356,020 | 8,226,169 | 2,093,500 | 2,065,939 | 1,982,308 | 2,058,498 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 894,733 | 739,762 | 919,204 | 933,812 | 978,534 | 910,198 | ||
| Revenue, net | ✕ | ✕ | ✕ | 919,204 | 933,812 | 978,534 | 910,198 | |
| Cost of revenue | (3,226) | (3,849) | (322,338) | (302,704) | ||||
| Cost of goods and services sold | (3,226) | (3,849) | (327,396) | (4,252) | ||||
| Other undisclosed gross profit | (298,729) | |||||||
| Gross profit: | 894,733 | 739,762 | 915,978 | 631,234 | 656,196 | 607,494 | ||
| Operating expenses | (1,110,195) | (996,139) | (370,639) | (358,356) | (338,379) | (304,611) | ||
| Other operating income, net | 372 | |||||||
| Other undisclosed operating loss | (474,089) | (193,775) | (211,606) | (159,693) | ||||
| Operating income (loss): | (215,462) | (256,377) | 71,250 | 79,103 | 106,211 | 143,562 | ||
| Nonoperating income (expense) | 3,182,788 | (846,379) | (81,052) | (73,699) | (116,162) | (74,289) | ||
| Investment income, nonoperating | 2,292,869 | (560,413) | ||||||
| Interest and debt expense | (137,618) | (105,215) | (649) | (640) | (27,700) | (72,496) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 72,496 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,829,708 | (1,207,971) | (10,451) | 4,764 | (37,651) | 69,273 | ||
| Other undisclosed income from continuing operations before income taxes | 137,618 | 105,215 | 649 | 640 | 27,700 | |||
| Income (loss) from continuing operations before income taxes: | 2,967,326 | (1,102,756) | (9,802) | 5,404 | (9,951) | 69,273 | ||
| Income tax expense (benefit) | (781,614) | 184,875 | 41,117 | (7,080) | (81) | (10,029) | ||
| Income (loss) from continuing operations: | 2,185,712 | (917,881) | 31,315 | (1,676) | (10,032) | 59,244 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 2,185,712 | (917,881) | 31,315 | (1,676) | (10,032) | 59,244 | |
| Net income (loss): | 2,185,712 | (917,881) | 31,315 | (1,676) | (10,032) | 59,244 | ||
| Net income (loss) attributable to noncontrolling interest | 456 | 351 | 476 | 469 | (159) | (51,687) | ||
| Net income (loss) available to common stockholders, diluted: | 2,186,168 | (917,530) | 31,791 | (1,207) | (10,191) | 7,557 | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,185,712 | (917,881) | 31,315 | (1,676) | (10,032) | 59,244 | ||
| Comprehensive income (loss): | 2,185,712 | (917,881) | 31,315 | (1,676) | (10,032) | 59,244 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 456 | 351 | 476 | 469 | (159) | (51,687) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,186,168 | (917,530) | 31,791 | (1,207) | (10,191) | 7,557 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.