Investment in Charter Accounted for Using the Equity Method (Tables)

9 Months Ended

Sep. 30, 2025

Investment in Charter Accounted for Using the Equity Method

Schedule of allocation of excess basis within memo accounts used for equity accounting purposes

The excess basis in our investment in Charter is allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):

		September 30,	December 31,
		2025	2024
Property and equipment, net	$	206	280
Customer relationships, net		1,762	1,751
Franchise fees		3,843	3,843
Trademarks		29	29
Goodwill		3,670	3,845
Debt		(91)	(251)
Deferred income tax liability		(1,437)	(1,413)
	$	7,982	8,084

Summary of financial information for Charter

Charter condensed consolidated balance sheets

	September 30, 2025		December 31, 2024
	amounts in millions
Current assets	$	4,867	4,233
Property and equipment, net		45,187	42,913
Goodwill		29,710	29,674
Intangible assets, net		68,023	68,437
Other assets		5,063	4,763
Total assets	$	152,850	150,020
Current liabilities	$	12,994	13,486
Deferred income taxes		19,604	18,845
Long-term debt		94,413	92,134
Other liabilities		6,251	5,848
Equity		19,588	19,707
Total liabilities and shareholders’ equity	$	152,850	150,020

Charter condensed consolidated statements of operations

	Three months ended			Nine months ended
	September 30,			September 30,
	2025		2024	2025	2024
	amounts in millions
Revenue	$	13,672	13,795	41,173	41,159
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		8,262	8,294	24,686	24,863
Depreciation and amortization		2,160	2,145	6,517	6,505
Other operating (income) expense, net		119	21	323	62
		10,541	10,460	31,526	31,430
Operating income		3,131	3,335	9,647	9,729
Interest expense, net		(1,268)	(1,311)	(3,772)	(3,955)
Other income (expense), net		(129)	(144)	(378)	(318)
Income tax (expense) benefit		(418)	(406)	(1,277)	(1,279)
Net income (loss)		1,316	1,474	4,220	4,177
Less: Net income attributable to noncontrolling interests		(179)	(194)	(565)	(560)
Net income (loss) attributable to Charter shareholders	$	1,137	1,280	3,655	3,617