GCI Liberty, Inc. (GLIBA) Financial Statements (2024 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 569,520491,25715,62219,29726,52815,402
Cash and cash equivalents 569,520491,25715,62219,29726,52815,402
Receivables (7,516)(7,555)184,588215,387204,754235,843
Inventory, net of allowances, customer advances and progress billings   12,99611,94511,32217,032
Inventory   12,99611,94511,32217,032
Prepaid expense   21,20618,59912,86212,179
Other current assets 43,86840,100711673,129153
Other undisclosed current assets 121,951226,936   28,176
Total current assets: 727,823750,738234,483265,395258,595308,785
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 1,090,9011,184,6061,154,7111,161,918 1,112,482
Long-term investments and receivables 167,643177,030    
Long-term investments 167,643177,030    
Intangible assets, net (including goodwill) 1,247,8161,291,843603,349597,689586,535573,557
Goodwill 855,837855,837242,264239,263239,263229,560
Intangible assets, net (excluding goodwill) 391,979436,006361,085358,426347,272343,997
Deferred costs     16,33510,949
Other noncurrent assets 295,69371,514100,95740,93726,46252,725
Other undisclosed noncurrent assets 8,267,2935,185,091   (1,112,482)
Total noncurrent assets: 11,205,6227,910,0841,859,0171,800,544629,332637,231
Other undisclosed assets     1,094,3811,112,482
TOTAL ASSETS: 11,933,4458,660,8222,093,5002,065,9391,982,3082,058,498
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 92,893100,334114,239131,897130,828130,832
Interest and dividends payable   13,97513,92613,6556,654
Employee-related liabilities   32,04430,30531,33732,803
Accounts payable   54,07372,93763,01476,918
Accrued liabilities   14,14714,72922,82214,457
Other undisclosed accounts payable and accrued liabilities 92,893100,334    
Deferred revenue 27,886
Debt 3,008900,75913,97213,22912,0508,722
Other liabilities 69,14947,958    
Deferred revenue and credits38,04737,61834,12829,314
Due to related parties      7,447
Customer advances and deposits1,2719171,2421,212
Contract with customer, liability31,743
Other undisclosed current liabilities 202,086    (7,447)
Total current liabilities: 395,0221,080,794167,529183,661178,248170,080
Noncurrent Liabilities
Long-term debt and lease obligation 3,351,3022,016,1351,419,3471,383,7621,404,4151,102,555
Long-term debt, excluding current maturities 3,263,2101,985,2751,379,0591,333,4461,344,7641,036,056
Capital lease obligations30,86040,28850,31659,65166,499
Finance lease, liability 7,281
Liabilities, other than long-term debt 1,896,117293,600425,747414,255280,384316,784
Deferred revenue and credits138,022135,87793,42785,734
Deferred revenue 57,986
Contract with customer, liability65,954
Deferred tax liabilities, net 90,571137,982106,145187,872
Deferred income tax liabilities 1,527,109
Financial instruments subject to mandatory redemption, settlement terms, share value, amount 178,002177,103    
Due to related parties   58,73156,640  
Other liabilities 133,02050,54360,09383,75680,81243,178
Operating lease, liability 80,811
Derivative instruments and hedges, liabilities   78,330   
Other undisclosed noncurrent liabilities 80,720963,60334,87531,013 1,857
Total noncurrent liabilities: 5,328,1393,273,3381,879,9691,829,0301,684,7991,421,196
Total liabilities: 5,723,1614,354,1322,047,4982,012,6911,863,0471,591,276
Equity
Equity, attributable to parent, including: 6,201,4844,297,1239,16622,71988,263167,356
Additional paid in capital 3,221,8853,251,95719,1333,2376,63126,773
Accumulated other comprehensive income (loss) (4,084)168    
Retained earnings (accumulated deficit) 2,982,6261,043,933(12,296)17,06879,217124,547
Other undisclosed equity, attributable to parent 1,0571,0652,3292,4142,41516,036
Equity, attributable to noncontrolling interest 8,8009,56736,83630,52930,998299,866
Total equity: 6,210,2844,306,69046,00253,248119,261467,222
TOTAL LIABILITIES AND EQUITY: 11,933,4458,660,8222,093,5002,065,9391,982,3082,058,498

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 894,733739,762919,204933,812978,534910,198
Revenue, net919,204933,812978,534910,198
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: 894,733739,762915,978631,234656,196607,494
Operating expenses (1,112,254)(989,754)(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): (217,521)(249,992)71,25079,103106,211143,562
Nonoperating income (expense) 2,885,786(806,969)(137,398)(78,034)(133,924)(74,289)
Investment income, nonoperating 2,292,869(560,413)    
Interest and debt expense (153,803)(119,296)(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: 2,514,462(1,176,257)(66,797)429(55,413)69,273
Other undisclosed income from continuing operations before income taxes 153,803119,29664964027,700 
Income (loss) from continuing operations before income taxes: 2,668,265(1,056,961)(66,148)1,069(27,713)69,273
Income tax expense (benefit) (730,023)183,30741,426(5,205)1,847(10,029)
Income (loss) from continuing operations: 1,938,242(873,654)(24,722)(4,136)(25,866)59,244
Income (loss) before gain (loss) on sale of properties:1,938,242(873,654)(24,722)(4,136)(25,866)59,244
Net income (loss): 1,938,242(873,654)(24,722)(4,136)(25,866)59,244
Net income (loss) attributable to noncontrolling interest 456351476469(159)(51,687)
Net income (loss) available to common stockholders, diluted: 1,938,698(873,303)(24,246)(3,667)(26,025)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): 1,938,242(873,654)(24,722)(4,136)(25,866)59,244
Other comprehensive income (loss) (4,252)168    
Comprehensive income (loss): 1,933,990(873,486)(24,722)(4,136)(25,866)59,244
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 456351476469(159)(51,687)
Comprehensive income (loss), net of tax, attributable to parent: 1,934,446(873,135)(24,246)(3,667)(26,025)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.

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