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
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 investments551,5952,337,924569,5202,208,3042,117,5331,862,553
Cash and cash equivalents551,595 569,520   
Short-term investments  2,337,924 2,208,3042,117,5331,862,553
Receivables(7,102)(7,795)(7,516)(18,248)(18,474)(17,548)
Other current assets35,29535,59943,86843,22242,04934,349
Other undisclosed current assets101,922(1,655,083)121,951(1,581,334)(1,500,941)(1,209,979)
Total current assets:681,710710,645727,823651,944640,167669,375
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   12,44513,52814,250 
Operating lease, right-of-use asset   123,831132,769135,946 
Property, plant and equipment  1,067,5921,090,9011,110,0801,127,3381,161,345
Long-term investments and receivables167,121166,565167,643168,839169,795172,975
Long-term investments167,121166,565167,643168,839169,795172,975
Intangible assets, net (including goodwill)1,225,4181,235,7221,247,8161,254,8801,266,6641,279,268
Goodwill855,837855,837855,837855,837855,837855,837
Intangible assets, net (excluding goodwill)369,581379,885391,979399,043410,827423,431
Other noncurrent assets339,482323,559295,693188,454198,193163,848
Other undisclosed noncurrent assets9,519,3997,489,4448,267,2937,124,8097,016,3566,371,449
Total noncurrent assets:11,251,42010,282,88211,205,6229,993,3599,928,5429,148,885
TOTAL ASSETS:11,933,13010,993,52711,933,44510,645,30310,568,7099,818,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:108,41091,15992,89383,95988,92380,678
Other undisclosed accounts payable and accrued liabilities108,41091,15992,89383,95988,92380,678
Deferred revenue25,71425,90227,88628,52030,360 
Debt664,0873,0853,008902,368901,856901,306
Derivative instruments and hedges, liabilities      91,484
Other liabilities71,11484,08369,14971,67956,90967,490
Contract with customer, liability32,004
Other undisclosed current liabilities214,671 202,086   
Total current liabilities:1,083,996204,229395,0221,086,5261,078,0481,172,962
Noncurrent Liabilities
Long-term debt and lease obligation2,602,2963,210,6303,351,3022,185,5602,175,0442,042,158
Long-term debt, excluding current maturities2,602,2963,210,6303,263,2102,088,0152,071,1132,042,158
Finance lease, liability   7,2818,6149,885 
Liabilities, other than long-term debt1,880,1621,663,5391,896,1171,649,9411,629,988361,604
Deferred revenue51,94554,94057,98659,13660,917 
Contract with customer, liability62,324
Deferred income tax liabilities1,531,4071,303,5251,527,1091,272,3021,246,322 
Financial instruments subject to mandatory redemption, settlement terms, share value, amount178,066178,063178,002177,532177,532177,445
Other liabilities118,744127,011133,020140,971145,217121,835
Operating lease, liability   80,81188,93194,046 
Other undisclosed noncurrent liabilities156,421300,01580,720216,507268,8501,292,554
Total noncurrent liabilities:4,638,8795,174,1845,328,1394,052,0084,073,8823,696,316
Total liabilities:5,722,8755,378,4135,723,1615,138,5345,151,9304,869,278
Equity
Equity, attributable to parent, including:6,201,5065,606,3396,201,4845,497,2875,407,2694,939,472
Additional paid in capital3,227,2583,223,3683,221,8853,225,8833,219,7103,212,878
Accumulated other comprehensive income (loss)14,76734,145(4,084)(489)4,9883,068
Retained earnings2,958,4232,347,7682,982,6262,270,8372,181,5151,722,471
Other undisclosed equity, attributable to parent1,0581,0581,0571,0561,0561,055
Equity, attributable to noncontrolling interest8,7498,7758,8009,4829,5109,510
Total equity:6,210,2555,615,1146,210,2845,506,7695,416,7794,948,982
TOTAL LIABILITIES AND EQUITY:11,933,13010,993,52711,933,44510,645,30310,568,7099,818,260

Income Statement (P&L) ($ in thousands)

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
Revenues224,820235,799232,387227,044217,566217,736
Gross profit:224,820235,799232,387227,044217,566217,736
Operating expenses(222,160)(225,216)(396,837)(231,218)(233,819)(250,380)
Operating income (loss):2,66010,583(164,450)(4,174)(16,253)(32,644)
Nonoperating income (expense)842,920(879,107)1,127,004121,555656,692980,535
Investment income, nonoperating860,867(641,508)899,73419,207532,669841,259
Interest and debt expense(34,387)(36,255)(37,446)(38,353)(40,386)(37,618)
Income (loss) from continuing operations before equity method investments, income taxes:811,193(904,779)925,10879,028600,053910,273
Other undisclosed income from continuing operations before income taxes34,38736,25537,44638,35340,38637,618
Income (loss) from continuing operations before income taxes:845,580(868,524)962,554117,381640,439947,891
Income tax expense (benefit)(234,952)236,622(251,136)(28,087)(181,395)(269,405)
Income (loss) from continuing operations:610,628(631,902)711,41889,294459,044678,486
Income (loss) before gain (loss) on sale of properties:610,628(631,902)711,41889,294459,044678,486
Net income (loss):610,628(631,902)711,41889,294459,044678,486
Net income attributable to noncontrolling interest262537128 57
Net income (loss) available to common stockholders, diluted:610,654(631,877)711,78989,322459,044678,543

Comprehensive Income ($ in thousands)

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):610,628(631,902)711,41889,294459,044678,486
Other comprehensive income (loss)(19,378)38,229(3,595)(5,477)1,9202,900
Comprehensive income (loss):591,250(593,673)707,82383,817460,964681,386
Comprehensive income, net of tax, attributable to noncontrolling interest262537128 57
Comprehensive income (loss), net of tax, attributable to parent:591,276(593,648)708,19483,845460,964681,443

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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