GCI Liberty, Inc. (GLIBA) financial statements (2022 and earlier)

Company profile

Business Address 12300 LIBERTY BOULEVARD
ENGLEWOOD, CO 80112
State of Incorp. DE
Fiscal Year End December 31
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
TTM
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 57049116192715
Cash and cash equivalents 57049116192715
Receivables (8)(8)185215205236
Inventory, net of allowances, customer advances and progress billings   13121117
Inventory   13121117
Prepaid expense   21191312
Other current assets 44400030
Other undisclosed current assets 122227   28
Total current assets: 728751234265259309
Noncurrent Assets
Finance lease, right-of-use asset 12✕✕✕✕✕
Operating lease, right-of-use asset 124✕✕✕✕✕
Property, plant and equipment 1,0911,1851,1551,162 1,112
Long-term investments and receivables 168177    
Long-term investments 168177    
Intangible assets, net (including goodwill) 1,2481,292603598587574
Goodwill 856856242239239230
Intangible assets, net (excluding goodwill) 392436361358347344
Deferred costs     1611
Other noncurrent assets 29672101412653
Other undisclosed noncurrent assets 8,2675,185   (1,112)
Total noncurrent assets: 11,2067,9101,8591,801629637
Other undisclosed assets     1,0941,112
TOTAL ASSETS: 11,9338,6612,0942,0661,9822,058
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 93100114132131131
Accounts payable   54736377
Accrued liabilities   14152314
Employee-related liabilities   32303133
Interest and dividends payable   1414147
Other undisclosed accounts payable and accrued liabilities 93100    
Deferred revenue 28✕✕✕✕✕
Debt 39011413129
Due to related parties      7
Deferred revenue and credits✕✕✕38383429
Customer advances and deposits✕✕✕1111
Contract with customer, liability✕✕32✕✕✕✕
Other liabilities 6948    
Other undisclosed current liabilities 202    (7)
Total current liabilities: 3951,081168184178170
Noncurrent Liabilities
Long-term debt and lease obligation 3,3512,0161,4191,3841,4041,103
Long-term debt, excluding current maturities 3,2631,9851,3791,3331,3451,036
Finance lease, liability 7✕✕✕✕✕
Capital lease obligations✕✕3140506066
Operating lease, liability 81✕✕✕✕✕
Liabilities, other than long-term debt 1,896294426414280317
Deferred revenue and credits✕✕✕1381369386
Deferred revenue 58✕✕✕✕✕
Contract with customer, liability✕✕66✕✕✕✕
Deferred tax liabilities, net✕✕ 91138106188
Deferred income tax liabilities 1,527✕✕✕✕✕
Financial instruments subject to mandatory redemption, settlement terms, share value, amount 178177    
Due to related parties   5957  
Other liabilities 1335160848143
Derivative instruments and hedges, liabilities   78   
Other undisclosed noncurrent liabilities 819643531 2
Total noncurrent liabilities: 5,3283,2731,8801,8291,6851,421
Total liabilities: 5,7234,3542,0472,0131,8631,591
Stockholders' equity
Stockholders' equity attributable to parent, including: 6,2014,29792388167
Additional paid in capital 3,2223,252193727
Accumulated other comprehensive income (loss) (4)0    
Retained earnings (accumulated deficit) 2,9831,044(12)1779125
Other undisclosed stockholders' equity attributable to parent 1122216
Stockholders' equity attributable to noncontrolling interest 910373131300
Total stockholders' equity: 6,2104,3074653119467
TOTAL LIABILITIES AND EQUITY: 11,9338,6612,0942,0661,9822,058

Income statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 895740919934979910
Revenue, net✕✕✕919934979910
Cost of revenue   (3)(4)(322)(303)
Cost of goods and services sold   (3)(4)(327)(4)
Other undisclosed gross profit    (299)  
Gross profit: 895740916631656607
Operating expenses (1,112)(990)(371)(358)(338)(305)
Other operating income, net      0
Other undisclosed operating loss   (474)(194)(212)(160)
Operating income (loss): (218)(250)7179106144
Nonoperating income (expense) 2,886(807)(137)(78)(134)(74)
Investment income, nonoperating 2,293(560)    
Interest and debt expense (154)(119)(1)(1)(28)(72)
Other undisclosed income from continuing operations before equity method investments, income taxes      72
Income (loss) from continuing operations before equity method investments, income taxes: 2,514(1,176)(67)0(55)69
Other undisclosed income from continuing operations before income taxes 1541191128 
Income (loss) from continuing operations before income taxes: 2,668(1,057)(66)1(28)69
Income tax expense (benefit) (730)18341(5)2(10)
Net income (loss): 1,938(874)(25)(4)(26)59
Net income (loss) attributable to noncontrolling interest 0000(0)(52)
Net income (loss) available to common stockholders, diluted: 1,939(873)(24)(4)(26)8

Comprehensive Income ($ in millions)
Annual | Quarterly

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(874)(25)(4)(26)59
Other comprehensive income (loss) (4)0    
Comprehensive income (loss): 1,934(873)(25)(4)(26)59
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0000(0)(52)
Comprehensive income (loss), net of tax, attributable to parent: 1,934(873)(24)(4)(26)8

Statements sources

The financial statements are based on the company's filings with the 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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