GCI Liberty, Inc. (GLIBA) Financial Statements (2023 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 millions)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 553 | 552 | 2,338 | 570 | 2,208 | 2,118 | 1,863 | ||
| Cash and cash equivalents | 553 | 552 | 570 | ||||||
| Short-term investments | 2,338 | 2,208 | 2,118 | 1,863 | |||||
| Receivables | (7) | (7) | (8) | (8) | (18) | (18) | (18) | ||
| Other current assets | 62 | 35 | 36 | 44 | 43 | 42 | 34 | ||
| Other undisclosed current assets | 291 | 102 | (1,655) | 122 | (1,581) | (1,501) | (1,210) | ||
| Total current assets: | 898 | 682 | 711 | 728 | 652 | 640 | 669 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 12 | 14 | 14 | ||||||
| Operating lease, right-of-use asset | 124 | 133 | 136 | ||||||
| Property, plant and equipment | 1,068 | 1,091 | 1,110 | 1,127 | 1,161 | ||||
| Long-term investments and receivables | 157 | 167 | 167 | 168 | 169 | 170 | 173 | ||
| Long-term investments | 157 | 167 | 167 | 168 | 169 | 170 | 173 | ||
| Intangible assets, net (including goodwill) | 1,187 | 1,225 | 1,236 | 1,248 | 1,255 | 1,267 | 1,279 | ||
| Goodwill | 830 | 856 | 856 | 856 | 856 | 856 | 856 | ||
| Intangible assets, net (excluding goodwill) | 356 | 370 | 380 | 392 | 399 | 411 | 423 | ||
| Other noncurrent assets | 193 | 339 | 324 | 296 | 188 | 198 | 164 | ||
| Other undisclosed noncurrent assets | 10,925 | 9,519 | 7,489 | 8,267 | 7,125 | 7,016 | 6,371 | ||
| Total noncurrent assets: | 12,462 | 11,251 | 10,283 | 11,206 | 9,993 | 9,929 | 9,149 | ||
| TOTAL ASSETS: | 13,360 | 11,933 | 10,994 | 11,933 | 10,645 | 10,569 | 9,818 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 118 | 108 | 91 | 93 | 84 | 89 | 81 | ||
| Other undisclosed accounts payable and accrued liabilities | 118 | 108 | 91 | 93 | 84 | 89 | 81 | ||
| Deferred revenue | 27 | 26 | 26 | 28 | 29 | 30 | |||
| Debt | 823 | 664 | 3 | 3 | 902 | 902 | 901 | ||
| Derivative instruments and hedges, liabilities | 91 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 32 | ||
| Other liabilities | 84 | 71 | 84 | 69 | 72 | 57 | 67 | ||
| Other undisclosed current liabilities | 310 | 215 | 202 | ||||||
| Total current liabilities: | 1,361 | 1,084 | 204 | 395 | 1,087 | 1,078 | 1,173 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,600 | 2,602 | 3,211 | 3,351 | 2,186 | 2,175 | 2,042 | ||
| Long-term debt, excluding current maturities | 2,600 | 2,602 | 3,211 | 3,263 | 2,088 | 2,071 | 2,042 | ||
| Finance lease, liability | 7 | 9 | 10 | ||||||
| Operating lease, liability | 81 | 89 | 94 | ||||||
| Liabilities, other than long-term debt | 2,209 | 1,880 | 1,664 | 1,896 | 1,650 | 1,630 | 362 | ||
| Deferred revenue | 49 | 52 | 55 | 58 | 59 | 61 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 62 | ||
| Deferred income tax liabilities | 1,866 | 1,531 | 1,304 | 1,527 | 1,272 | 1,246 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 178 | 178 | 178 | 178 | 178 | 178 | 177 | ||
| Other liabilities | 116 | 119 | 127 | 133 | 141 | 145 | 122 | ||
| Other undisclosed noncurrent liabilities | 157 | 156 | 300 | 81 | 217 | 269 | 1,293 | ||
| Total noncurrent liabilities: | 4,966 | 4,639 | 5,174 | 5,328 | 4,052 | 4,074 | 3,696 | ||
| Total liabilities: | 6,327 | 5,723 | 5,378 | 5,723 | 5,139 | 5,152 | 4,869 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 7,024 | 6,202 | 5,606 | 6,201 | 5,497 | 5,407 | 4,939 | ||
| Additional paid in capital | 3,232 | 3,227 | 3,223 | 3,222 | 3,226 | 3,220 | 3,213 | ||
| Accumulated other comprehensive income (loss) | 8 | 15 | 34 | (4) | (0) | 5 | 3 | ||
| Retained earnings | 3,783 | 2,958 | 2,348 | 2,983 | 2,271 | 2,182 | 1,722 | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Stockholders' equity attributable to noncontrolling interest | 9 | 9 | 9 | 9 | 9 | 10 | 10 | ||
| Total stockholders' equity: | 7,033 | 6,210 | 5,615 | 6,210 | 5,507 | 5,417 | 4,949 | ||
| TOTAL LIABILITIES AND EQUITY: | 13,360 | 11,933 | 10,994 | 11,933 | 10,645 | 10,569 | 9,818 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 247 | 225 | 236 | 232 | 227 | 218 | 218 | |
| Gross profit: | 247 | 225 | 236 | 232 | 227 | 218 | 218 | |
| Operating expenses | (237) | (222) | (225) | (397) | (231) | (234) | (250) | |
| Operating income (loss): | 10 | 3 | 11 | (164) | (4) | (16) | (33) | |
| Nonoperating income (expense) | 1,153 | 843 | (879) | 1,127 | 122 | 657 | 981 | |
| Investment income, nonoperating | 1,173 | 861 | (642) | 900 | 19 | 533 | 841 | |
| Interest and debt expense | (30) | (34) | (36) | (37) | (38) | (40) | (38) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,133 | 811 | (905) | 925 | 79 | 600 | 910 | |
| Other undisclosed income from continuing operations before income taxes | 30 | 34 | 36 | 37 | 38 | 40 | 38 | |
| Income (loss) from continuing operations before income taxes: | 1,163 | 846 | (869) | 963 | 117 | 640 | 948 | |
| Income tax expense (benefit) | (338) | (235) | 237 | (251) | (28) | (181) | (269) | |
| Net income (loss): | 824 | 611 | (632) | 711 | 89 | 459 | 678 | |
| Net income attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Net income (loss) available to common stockholders, diluted: | 824 | 611 | (632) | 712 | 89 | 459 | 679 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 824 | 611 | (632) | 711 | 89 | 459 | 678 | |
| Other comprehensive income (loss) | (7) | (19) | 38 | (4) | (5) | 2 | 3 | |
| Comprehensive income (loss): | 818 | 591 | (594) | 708 | 84 | 461 | 681 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 818 | 591 | (594) | 708 | 84 | 461 | 681 | |
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.