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
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5704911619271545
Cash and cash equivalents5704911619271545
Receivables(8)(8)185215205236226
Inventory, net of allowances, customer advances and progress billings  1312111710
Inventory  1312111710
Prepaid expense  211913128
Other current assets444000300
Other undisclosed current assets122227   2840
Total current assets:728751234265259309329
Noncurrent Assets
Finance lease, right-of-use asset12✕✕✕✕✕✕
Operating lease, right-of-use asset124✕✕✕✕✕✕
Property, plant and equipment1,0911,1851,1551,162 1,1121,057
Long-term investments and receivables168177     
Long-term investments168177     
Intangible assets, net (including goodwill)1,2481,292603598587574290
Goodwill856856242239239230219
Intangible assets, net (excluding goodwill)39243636135834734471
Deferred costs    161112
Other noncurrent assets2967210141265340
Other undisclosed noncurrent assets8,2675,185   (1,112)(774)
Total noncurrent assets:11,2067,9101,8591,801629637626
Other undisclosed assets    1,0941,1121,057
TOTAL ASSETS:11,9338,6612,0942,0661,9822,0582,012
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:93100114132131131109
Accounts payable  5473637765
Accrued liabilities  1415231414
Employee-related liabilities  3230313330
Interest and dividends payable  1414147 
Other undisclosed accounts payable and accrued liabilities93100     
Deferred revenue28✕✕✕✕✕✕
Debt390114131299
Due to related parties     7 
Deferred revenue and credits✕✕3838342928
Customer advances and deposits✕✕1111✕
Contract with customer, liability✕32✕✕✕✕✕
Other liabilities6948     
Other undisclosed current liabilities202    (7)8
Total current liabilities:3951,081168184178170155
Noncurrent Liabilities
Long-term debt and lease obligation3,3512,0161,4191,3841,4041,1031,111
Long-term debt, excluding current maturities3,2631,9851,3791,3331,3451,0361,045
Finance lease, liability7✕✕✕✕✕✕
Capital lease obligations✕314050606666
Operating lease, liability81✕✕✕✕✕✕
Liabilities, other than long-term debt1,896294426414280317287
Deferred revenue and credits✕✕138136938688
Deferred revenue58✕✕✕✕✕✕
Contract with customer, liability✕66✕✕✕✕✕
Deferred tax liabilities, net✕ 91138106188161
Deferred income tax liabilities1,527✕✕✕✕✕✕
Financial instruments subject to mandatory redemption, settlement terms, share value, amount178177     
Due to related parties  5957   
Other liabilities133516084814337
Derivative instruments and hedges, liabilities  78    
Other undisclosed noncurrent liabilities819643531 22
Total noncurrent liabilities:5,3283,2731,8801,8291,6851,4211,400
Total liabilities:5,7234,3542,0472,0131,8631,5911,554
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2014,29792388167157
Additional paid in capital3,2223,25219372727
Accumulated other comprehensive income (loss)(4)0     
Retained earnings (accumulated deficit)2,9831,044(12)1779125117
Other undisclosed stockholders' equity attributable to parent112221613
Stockholders' equity attributable to noncontrolling interest910373131300300
Total stockholders' equity:6,2104,3074653119467457
TOTAL LIABILITIES AND EQUITY:11,9338,6612,0942,0661,9822,0582,012

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues895740919934979910812
Revenue, net✕✕919934979910812
Cost of revenue  (3)(4)(322)(303)(280)
Cost of goods and services sold  (3)(4)(327)(4)(5)
Other undisclosed gross profit   (299)   
Gross profit:895740916631656607531
Operating expenses(1,112)(990)(371)(358)(338)(305)(278)
Other operating income (expense), net     0(0)
Other undisclosed operating loss  (474)(194)(212)(160)(140)
Operating income (loss):(218)(250)7179106144113
Nonoperating income (expense)2,886(807)(137)(78)(134)(74)(70)
Investment income, nonoperating2,293(560)     
Interest and debt expense(154)(119)(1)(1)(28)(72)(70)
Other undisclosed income from continuing operations before equity method investments, income taxes     7270
Income (loss) from continuing operations before equity method investments, income taxes:2,514(1,176)(67)0(55)6943
Other undisclosed income from continuing operations before income taxes1541191128  
Income (loss) from continuing operations before income taxes:2,668(1,057)(66)1(28)6943
Income tax expense (benefit)(730)18341(5)2(10)(11)
Net income (loss):1,938(874)(25)(4)(26)5932
Net income (loss) attributable to noncontrolling interest0000(0)(52)(22)
Net income (loss) available to common stockholders, diluted:1,939(873)(24)(4)(26)89

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1,938(874)(25)(4)(26)5932
Other comprehensive income (loss)(4)0     
Comprehensive income (loss):1,934(873)(25)(4)(26)5932
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0000(0)(52)22
Comprehensive income (loss), net of tax, attributable to parent:1,934(873)(24)(4)(26)854

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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