Grizzly Merger Sub 1 (GLIBP) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-38385
Entity Registrant Name	GCI LIBERTY, INC.
Entity Central Index Key	0000808461
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-0072737
Entity Address, Address Line One	12300 Liberty Boulevard
Entity Address, City or Town	Englewood,
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80112
City Area Code	720
Local Phone Number	875-5900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Series A Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Series A Common Stock, par value $0.01 per share
Trading Symbol	GLIBA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		101,211,995
Series A Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	Series A Cumulative Redeemable preferred stock, par value $0.01 per share
Trading Symbol	GLIBP
Security Exchange Name	NASDAQ
Series B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		4,439,093

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 410,130	$ 491,257
Trade and other receivables, net of allowance for doubtful accounts of $18,248 and $7,555, respectively	190,779	182,600
Current portion of tax sharing receivable	7,813	36,781
Other current assets	43,222	40,100
Total current assets	651,944	750,738
Investments in equity securities (note 5)	2,213,589	1,533,517
Investment in affiliates	168,839	177,030
Property and equipment, net	1,110,080	1,184,606
Intangible assets not subject to amortization:
Goodwill	855,837	855,837
Intangible assets not subject to amortization:	1,369,034	1,367,337
Intangible assets subject to amortization, net (note 7)	399,043	436,006
Tax sharing receivable	76,812	65,701
Other assets, net	188,454	71,514
Total assets	10,645,303	8,660,822
Current liabilities:
Accounts payable and accrued liabilities	83,959	100,334
Deferred revenue	28,520	31,743
Current portion of debt, net of deferred financing costs (note 8)	902,368	900,759
Other current liabilities	71,679	47,958
Total current liabilities	1,086,526	1,080,794
Long-term debt, net, including $579,291 and $462,336 measured at fair value, respectively (note 8)	2,088,015	1,985,275
Obligations under finance leases and tower obligations, excluding current portion (note 9)	99,158	122,245
Long-term deferred revenue	59,136	65,954
Deferred income tax liabilities	1,272,302	793,696
Preferred stock (note 10)	177,532	177,103
Derivative instrument	78,061	0
Indemnification obligation (note 4)	136,833	78,522
Other liabilities	140,971	50,543
Total liabilities	5,138,534	4,354,132
Stockholders’ equity:
Additional paid-in capital	3,225,883	3,251,957
Accumulated other comprehensive earnings (loss), net of taxes	(489)	168
Retained earnings	2,270,837	1,043,933
Total stockholders' equity	5,497,287	4,297,123
Non-controlling interests	9,482	9,567
Total equity	5,506,769	4,306,690
Commitments and contingencies (note 13)
Total liabilities and equity	10,645,303	8,660,822
Series A common stock, $.01 par value. Authorized 500,000,000 shares; issued and outstanding 101,211,071 shares at September 30, 2019 and 102,058,816 shares at December 31, 2018
Stockholders’ equity:
Common stock, $.01 par value	1,012	1,021
Series B common stock, $.01 par value. Authorized 20,000,000 shares; issued and outstanding 4,439,460 shares at September 30, 2019 and 4,441,609 shares at December 31, 2018
Stockholders’ equity:
Common stock, $.01 par value	44	44
Series C common stock, $.01 par value. Authorized 1,040,000,000 shares; no shares issued
Stockholders’ equity:
Common stock, $.01 par value	0	0
Cable certificates
Intangible assets not subject to amortization:
Indefinite-lived intangibles	305,000	305,000
Wireless licenses
Intangible assets not subject to amortization:
Indefinite-lived intangibles	191,697	190,000
Other
Intangible assets not subject to amortization:
Indefinite-lived intangibles	16,500	16,500
Liberty Broadband
Current assets:
Investment in affiliates	$ 4,467,508	$ 3,074,373

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 18,248	$ 7,555
Long-term debt, fair value	$ 579,291	$ 462,336
Series A common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	101,211,071	102,058,816
Common stock, shares outstanding	101,211,071	102,058,816
Series B common stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	4,439,460	4,441,609
Common stock, shares outstanding	4,439,460	4,441,609
Series C Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,040,000,000	1,040,000,000
Common stock, shares issued	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 227,044	$ 210,146	$ 662,346	$ 504,840
Operating costs and expenses:
Operating expense (exclusive of depreciation and amortization shown separately below)	72,637	64,684	209,962	153,797
Selling, general and administrative, including stock-based compensation (note 12)	93,597	102,483	305,184	235,617
Insurance proceeds and restructuring, net	(1,482)	0	236	0
Depreciation and amortization expense	66,466	62,848	200,035	143,257
Operating costs and expenses	231,218	230,015	715,417	532,671
Operating income (loss)	(4,174)	(19,869)	(53,071)	(27,831)
Other income (expense):
Interest expense (including amortization of deferred loan fees)	(38,353)	(37,614)	(116,357)	(81,304)
Share of earnings (losses) of affiliates, net (note 6)	1,921	10,856	(2,443)	18,714
Realized and unrealized gains (losses) on financial instruments, net (note 4)	156,165	495,509	1,844,863	(4,328)
Tax sharing agreement	2,362	2,492	18,895	(25,456)
Other, net	(540)	(834)	13,824	(982)
Other income (expense)	121,555	470,409	1,758,782	(93,356)
Earnings (loss) before income taxes	117,381	450,540	1,705,711	(121,187)
Income tax (expense) benefit	(28,087)	(133,284)	(478,887)	(35,768)
Net earnings (loss)	89,294	317,256	1,226,824	(156,955)
Less net earnings (loss) attributable to the non-controlling interests	(28)	(127)	(85)	(320)
Net earnings (loss) attributable to GCI Liberty, Inc. shareholders	$ 89,322	$ 317,383	$ 1,226,909	$ (156,635)
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share)	$ 0.85	$ 2.95	$ 11.71	$ (1.45)
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (note 3) (in dollars per share)	$ 0.84	$ 2.91	$ 11.60	$ (1.45)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Earnings (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 89,294	$ 317,256	$ 1,226,824	$ (156,955)
Other comprehensive earnings (loss), net of taxes:
Comprehensive earnings (loss) attributable to debt credit risk adjustments	(5,477)	(5,419)	(657)	(18,537)
Comprehensive earnings (loss)	83,817	311,837	1,226,167	(175,492)
Less comprehensive earnings (loss) attributable to the non-controlling interests	(28)	(127)	(85)	(320)
Comprehensive earnings (loss) attributable to GCI Liberty, Inc. shareholders	$ 83,845	$ 311,964	$ 1,226,252	$ (175,172)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net earnings (loss)	$ 1,226,824	$ (156,955)
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Depreciation and amortization	200,035	143,257
Stock-based compensation expense	18,153	20,926
Share of (earnings) losses of affiliates, net	2,443	(18,714)
Realized and unrealized (gains) losses on financial instruments, net	(1,844,863)	4,328
(Gain) loss on lease modification	(6,468)	0
Deferred income tax expense (benefit)	478,850	36,347
Other, net	3,625	10,121
Change in operating assets and liabilities:
Current and other assets	39,289	(73,601)
Payables and other liabilities	(35,774)	72,854
Net cash provided (used) by operating activities	82,114	38,563
Cash flows from investing activities:
Cash and restricted cash from acquisition of GCI Holdings	0	147,958
Capital expended for property and equipment	(108,633)	(89,376)
Purchase of investments	0	(48,581)
Proceeds from derivative instrument	105,866	0
Settlement of derivative instrument	(105,866)	0
Other, net	6,340	2,699
Net cash provided (used) by investing activities	(102,293)	12,700
Cash flows from financing activities:
Borrowings of debt	325,000	1,527,250
Repayment of debt, finance lease, and tower obligations	(334,275)	(88,543)
Repurchases of GCI Liberty common stock	(43,910)	(23,893)
Contributions from (distributions to) parent, net	0	(1,122,189)
Indemnification payment to Qurate Retail	0	(132,725)
Derivative payments	0	(80,001)
Other financing activities, net	(7,802)	(14,957)
Net cash provided (used) by financing activities	(60,987)	64,942
Net increase (decrease) in cash, cash equivalents and restricted cash	(81,166)	116,205
Cash, cash equivalents and restricted cash at beginning of period	492,032	574,148
Cash, cash equivalents and restricted cash at end of period	410,866	690,353
Reconciliation of cash and cash equivalents and restricted cash:
Total cash and cash equivalents and restricted cash at end of period	$ 492,032	$ 574,148

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stockSeries A common stock	Common stockSeries B common stock	Parent's Investment	Additional paid-in capital	Accumulated other comprehensive earnings (loss)	Retained earnings	Non-controlling interest in equity of subsidiaries
Balance at beginning of period at Dec. 31, 2017	$ 4,224,036	$ 0	$ 0	$ 2,305,440	$ 0	$ 0	$ 1,914,963	$ 3,633
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(156,955)						(156,635)	(320)
Other comprehensive earnings (loss)	(18,537)					(18,537)
Stock-based compensation	18,766				18,766
GCI Liberty stock repurchases	(23,893)
Contribution of taxes in connection with HoldCo Split-Off	1,343,834			1,343,834
Contributions from (distributions to) former parent, net	(1,122,189)			(1,122,189)	(2,014)		2,014
Change in Capitalization in connection with HoldCo Split-Off	7,000	1,041	44	(2,527,085)	2,526,000			7,000
Issuance of GCI Liberty Stock in connection with the Transactions	1,111,206				1,111,206
Issuance of Indemnification Agreement	(281,255)				(281,255)
Distribution to non-controlling interests	(3,273)							(3,273)
Other	334				(2,830)		254	2,910
Balance at end of period at Sep. 30, 2018	5,099,074	1,041	44	0	3,345,980	(18,537)	1,760,596	9,950
Balance at beginning of period at Jun. 30, 2018	4,803,872	1,046	44	0	3,367,534	(13,118)	1,441,199	7,167
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	317,256						317,383	(127)
Other comprehensive earnings (loss)	(5,419)					(5,419)
Stock-based compensation	6,881				6,881
GCI Liberty stock repurchases	(23,893)				(23,893)
Contribution of taxes in connection with HoldCo Split-Off	(2,383)			(2,383)
Contributions from (distributions to) former parent, net	2,471			2,471	(2,014)		2,014
Change in Capitalization in connection with HoldCo Split-Off	0	(5)	0	(88)	93
Other	289				(2,621)		0	2,910
Balance at end of period at Sep. 30, 2018	5,099,074	1,041	44	0	3,345,980	(18,537)	1,760,596	9,950
Balance at beginning of period at Dec. 31, 2018	4,306,690	1,021	44	0	3,251,957	168	1,043,933	9,567
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	1,226,824						1,226,909	(85)
Other comprehensive earnings (loss)	(657)					(657)
Stock-based compensation	19,539				19,539
GCI Liberty stock repurchases	(43,910)	(10)			(43,900)
Issuance of common stock upon exercise of stock options	1,697	1			1,696
Withholding taxes on net share settlements of stock-based compensation	(3,501)				(3,501)
Other	87				92		(5)
Balance at end of period at Sep. 30, 2019	5,506,769	1,012	44	0	3,225,883	(489)	2,270,837	9,482
Balance at beginning of period at Jun. 30, 2019	5,416,779	1,012	44	0	3,219,710	4,988	2,181,515	9,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	89,294						89,322	(28)
Other comprehensive earnings (loss)	(5,477)					(5,477)
Stock-based compensation	5,775				5,775
Issuance of common stock upon exercise of stock options	391				391
Withholding taxes on net share settlements of stock-based compensation	(70)				(70)
Other	77				77
Balance at end of period at Sep. 30, 2019	$ 5,506,769	$ 1,012	$ 44	$ 0	$ 3,225,883	$ (489)	$ 2,270,837	$ 9,482

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation On April 4, 2017, Liberty Interactive Corporation, now known as Qurate Retail, Inc. ("Qurate Retail"), entered into an Agreement and Plan of Reorganization (as amended, the "reorganization agreement" and the transactions contemplated thereby, the "Transactions") with General Communication, Inc. ("GCI"), an Alaska corporation and parent company of GCI Holdings, LLC ("GCI Holdings"), and Liberty Interactive LLC, a Delaware limited liability company and a direct wholly‑owned subsidiary of Qurate Retail ("LI LLC"). Pursuant to the reorganization agreement, GCI amended and restated its articles of incorporation (which resulted in GCI being renamed GCI Liberty, Inc. ("GCI Liberty")) and effected a reclassification and auto conversion of its common stock. Following these events, Qurate Retail acquired GCI Liberty on March 9, 2018 through a reorganization in which certain Qurate Retail interests, assets and liabilities attributed to its Ventures Group (following the reattribution by Qurate Retail of certain assets and liabilities from its Ventures Group to its QVC Group), were contributed to GCI Liberty in exchange for a controlling interest in GCI Liberty (the "contribution"). Qurate Retail and LI LLC contributed to GCI Liberty their entire equity interests in Liberty Broadband Corporation ("Liberty Broadband"), Charter Communications, Inc. ("Charter"), and LendingTree, Inc. ("LendingTree"), the Evite, Inc. ("Evite") operating business and other assets and liabilities (collectively, "HoldCo"), in exchange for (a) the issuance to LI LLC of a number of shares of GCI Liberty Class A common stock and a number of shares of GCI Liberty Class B common stock equal to the number of outstanding shares of Qurate Retail's Series A Liberty Ventures common stock and Qurate Retail's Series B Liberty Ventures common stock on March 9, 2018, respectively, (b) cash and (c) the assumption of certain liabilities by GCI Liberty. The contribution was treated as a reverse acquisition under the acquisition method of accounting in accordance with generally accepted accounting principles in the United States ("GAAP"). For accounting purposes, HoldCo is considered to have acquired GCI Liberty in the contribution based, among other considerations, upon the fact that in exchange for the contribution of HoldCo, Qurate Retail received a controlling interest in the combined company of GCI Liberty. Following the contribution and acquisition of GCI Liberty, Qurate Retail effected a tax‑free separation of its controlling interest in the combined company, GCI Liberty, to the holders of Qurate Retail's Liberty Ventures common stock in full redemption of all outstanding shares of such stock (the "HoldCo Split‑Off"), in which each outstanding share of Qurate Retail's Series A Liberty Ventures common stock was redeemed for one share of GCI Liberty Class A common stock and each outstanding share of Qurate Retail's Series B Liberty Ventures common stock was redeemed for one share of GCI Liberty Class B common stock. In July 2018, the Internal Revenue Service completed its review of the HoldCo Split-Off and informed Qurate Retail that it agreed with the nontaxable characterization of the transactions. Qurate Retail received an Issue Resolution Agreement from the IRS documenting this conclusion. On May 10, 2018, pursuant to the Agreement and Plan of Merger, dated as of March 22, 2018, GCI Liberty completed its reincorporation into Delaware by merging with its wholly owned Delaware subsidiary, which was the surviving corporation (the “Reincorporation Merger”). References to GCI Liberty or the Company prior to May 10, 2018 refer to GCI Liberty, Inc., an Alaska corporation and references to GCI Liberty after May 10, 2018 refer to GCI Liberty, Inc., a Delaware corporation. The accompanying condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included. The results of operations for any interim period are not necessarily indicative of results for the full year. Additionally, certain prior period amounts have been reclassified for comparability with current period presentation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These notes to the condensed consolidated financial statements refer to the combination of GCI Holdings, non‑controlling interests in Liberty Broadband, Charter and LendingTree, a controlling interest in Evite, and certain other assets and liabilities as "GCI Liberty", the "Company", "us", "we" and "our." Although HoldCo was reported as a combined company until the date of the HoldCo Split-Off, these financial statements present all periods as consolidated by the Company. All significant intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. The Company, through its ownership of interests in subsidiaries and other companies, is primarily engaged in providing a full range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska. The Company holds investments that are accounted for using the equity method. The Company does not control the decision making process or business management practices of these affiliates. Accordingly, the Company relies on management of these affiliates to provide it with accurate financial information prepared in accordance with GAAP that the Company uses in the application of the equity method. In addition, the Company relies on audit reports that are provided by the affiliates' independent auditors on the financial statements of such affiliates. The Company is not aware, however, of any errors in or possible misstatements of the financial information provided by its equity affiliates that would have a material effect on its condensed consolidated financial statements. Split‑Off from Qurate Retail Following the HoldCo Split‑Off, Qurate Retail and GCI Liberty operate as separate, publicly traded companies, and neither have any stock ownership, beneficial or otherwise, in the other. In connection with the HoldCo Split‑Off, Qurate Retail, Liberty Media Corporation ("Liberty Media") (or its subsidiary) and GCI Liberty entered into certain agreements in order to govern certain of the ongoing relationships among the companies after the HoldCo Split‑Off and to provide for an orderly transition. These agreements include an indemnification agreement, a reorganization agreement, a services agreement, a facilities sharing agreement and a tax sharing agreement. The reorganization agreement provides for, among other things, the principal corporate transactions (including the internal restructuring) required to effect the Transactions and certain conditions to and provisions governing the relationship between GCI Liberty and Qurate Retail (for accounting purposes a related party of GCI Liberty) with respect to and resulting from the Transactions. The tax sharing agreement provides for the allocation and indemnification of tax liabilities and benefits between Qurate Retail and GCI Liberty and other agreements related to tax matters. Pursuant to the tax sharing agreement, GCI Liberty has agreed to indemnify Qurate Retail for taxes and tax-related losses resulting from the Holdco Split-Off to the extent such taxes or tax-related losses (i) result primarily from, individually or in the aggregate, the breach of certain restrictive covenants made by GCI Liberty (applicable to actions or failures to act by GCI Liberty and its subsidiaries following the completion of the Holdco Split-Off), or (ii) result from Section 355(e) of the Internal Revenue Code applying to the Holdco Split-Off as a result of the Holdco Split-Off being part of a plan (or series of related transactions) pursuant to which one or more persons acquire, directly or indirectly, a 50-percent or greater interest (measured by vote or value) in the stock of GCI Liberty (or any successor corporation). Pursuant to the services agreement, Liberty Media provides GCI Liberty with general and administrative services including legal, tax, accounting, treasury and investor relations support. Under the facilities sharing agreement, GCI Liberty shares office space with Liberty Media and related amenities at its corporate headquarters. GCI Liberty reimburses Liberty Media for direct, out‑of‑pocket expenses incurred by Liberty Media in providing these services and for costs negotiated semi‑annually. Liberty Media is a related party of GCI Liberty for accounting purposes as a result of the services agreement. Under these agreements, amounts reimbursable to Liberty Media were approximately $2.3 million and $2.1 million for the three months ended September 30, 2019 and 2018, and $6.8 million and $6.0 million for the nine months ended September 30, 2019 and 2018, respectively. In addition, Qurate Retail and GCI Liberty have agreed to indemnify each other with respect to certain potential losses in respect of the HoldCo Split‑Off. See note 4 for information related to the indemnification agreement. Recent Accounting Pronouncements New Accounting Pronouncements Not Yet Adopted In August 2018, the Financial Accounting Standards Board ("FASB") issued new guidance which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance will be effective for the Company in the first quarter of 2020 with early adoption permitted. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisition	Acquisition The Company accounted for the Transactions contemplated under the reorganization agreement using the acquisition method of accounting. Under this method, HoldCo is the acquirer of GCI Liberty. The acquisition price was $1.1 billion (level 1). The application of the acquisition method resulted in the assignment of purchase price to the GCI Liberty assets acquired and liabilities assumed based on our estimates of their acquisition date fair values (primarily level 3). The assets acquired and liabilities assumed, and as discussed within this note, are those assets and liabilities of GCI Liberty prior to the completion of the Transactions. The determination of the fair values of the acquired assets and liabilities (and the determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. The acquisition price allocation for GCI Liberty is as follows (amounts in thousands): Cash and cash equivalents including restricted cash $ 147,957 Receivables 171,014 Property and equipment 1,211,392 Goodwill 966,044 Intangible assets not subject to amortization 572,500 Intangible assets subject to amortization 468,737 Other assets 83,422 Deferred revenue (92,561 ) Debt, including capital leases (1,707,002 ) Other liabilities (251,692 ) Deferred income tax liabilities (276,683 ) Preferred stock (174,922 ) Non-controlling interest (7,000 ) $ 1,111,206 Goodwill is calculated as the excess of the consideration transferred over the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce, value associated with future customers, continued innovation and non-contractual relationships. Amortizable intangible assets of $468.7 million were acquired and are comprised of a tradename with an estimated useful life of approximately 10 years , customer relationships with a weighted average useful life of approximately 16 years and right-to-use assets with a weighted average useful life of 8 years . Approximately $170.0 million of the acquired goodwill will be deductible for income tax purposes. The determination of the acquisition date fair value of the acquired assets and assumed liabilities is final. Since the date of the acquisition, included in net earnings (loss) attributable to GCI Liberty shareholders for the three and nine months ended September 30, 2018 is $40.4 million and $35.9 million in losses related to GCI Holdings, respectively. The unaudited pro forma revenue, net earnings and basic and diluted net earnings per common share of GCI Liberty, prepared utilizing the historical financial statements of HoldCo, giving effect to acquisition accounting related adjustments made at the time of acquisition, as if the acquisition discussed above occurred on January 1, 2017, are as follows: Three months ended Nine months ended September 30, 2018 amounts in thousands, except per share amounts Revenue $ 220,737 664,287 Net earnings (loss) $ 327,046 (157,678 ) Net earnings (loss) attributable to GCI Liberty shareholders $ 327,173 (157,242 ) Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share $ 3.04 (1.46 ) Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share $ 3.00 (1.46 ) The pro forma results include adjustments directly attributable to the business combination including adjustments related to the amortization of acquired tangible and intangible assets, revenue, interest expense, stock-based compensation, and the exclusion of transaction related costs. These results also include the impact of the Federal Communications Commission's decision to reduce rates paid to us under the Rural Health Care Program and the new revenue standard. The pro forma information is not representative of the Company’s future results of operations nor does it reflect what the Company’s results of operations would have been if the acquisition had occurred previously and the Company consolidated the results of GCI Liberty during the periods presented.

Earnings Attributable to GCI Li

Earnings Attributable to GCI Liberty Stockholders Per Common Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Attributable to GCI Liberty Stockholders Per Common Share	Earnings Attributable to GCI Liberty Stockholders Per Common Share Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding ("WASO") for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive. Series A and Series B Common Stock Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 number of shares in thousands Basic WASO 104,819 107,631 104,800 107,693 Diluted WASO 105,850 109,061 105,798 107,693 Antidilutive shares excluded from diluted WASO — — — 1,499

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	Assets and Liabilities Measured at Fair Value For assets and liabilities required to be reported at fair value, GAAP provides a hierarchy that prioritizes inputs to valuation techniques used to measure fair value into three broad levels. Level 1 inputs are quoted market prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs, other than quoted market prices included within Level 1, are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The Company does not have any recurring assets or liabilities measured at fair value that would be considered Level 3. The Company’s assets and liabilities measured at fair value are as follows: September 30, 2019 December 31, 2018 Description Total Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Total Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) amounts in thousands Cash equivalents $ 363,026 363,026 — 384,071 384,071 — Equity securities $ 2,208,304 2,208,304 — 1,529,901 1,529,901 — Investment in Liberty Broadband $ 4,467,508 4,467,508 — 3,074,373 3,074,373 — Derivative instrument $ 78,061 — 78,061 20,340 — 20,340 Indemnification obligation $ 136,833 — 136,833 78,522 — 78,522 Exchangeable senior debentures $ 579,291 — 579,291 462,336 — 462,336 On June 6, 2017, Qurate Retail purchased 450,000 LendingTree shares and executed a 2 ‑year variable forward with respect to 642,850 LendingTree shares. The variable forward was executed at the LendingTree closing price on June 6, 2017 of $170.70 per share and had a floor price of $128.03 per share and a cap price of $211.67 per share. The fair value of the variable forward was derived from a Black‑Scholes‑Merton model using observable market data as the significant inputs. On April 29, 2019, the Company terminated its variable forward and entered into a new 3-year variable forward with respect to 642,850 LendingTree shares. The variable forward was executed at the LendingTree closing price on April 29, 2019 of $376.35 per share and has a floor price of zero and has a cap price of $254.00 per share. The fair value of the variable forward was derived from a Black-Scholes-Merton model using observable market data as the significant inputs. Pursuant to an indemnification agreement, GCI Liberty has agreed to indemnify LI LLC for certain payments made to a holder of LI LLC's 1.75% exchangeable debentures due 2046 (the " 1.75% Exchangeable Debentures"). An indemnity obligation in the amount of $281.3 million was recorded upon completion of the HoldCo Split-Off. In June 2018, Qurate Retail repurchased 417,759 bonds of the 1.75% Exchangeable Debentures for approximately $457 million , including accrued interest, and the Company made a payment under the indemnification agreement to Qurate Retail in the amount of $133 million . The remaining indemnification liability due to LI LLC pertains to the holder’s ability to exercise its exchange right according to the terms of the 1.75% Exchangeable Debentures on or before October 5, 2023. Such amount will equal the difference between the exchange value and par value of the 1.75% Exchangeable Debentures at the time the exchange occurs. The indemnification obligation recorded in the accompanying condensed consolidated balance sheets as of September 30, 2019 represents the fair value of the estimated exchange feature included in the 1.75% Exchangeable Debentures primarily based on observable market data as significant inputs (Level 2). As of September 30, 2019, a holder of the 1.75% Exchangeable Debentures does not have the ability to exchange and, accordingly, such indemnification obligation is included as a long-term liability in the accompanying condensed consolidated balance sheets. Additionally, as of September 30, 2019, 332,241 bonds of the 1.75% Exchangeable Debentures remain outstanding. Realized and Unrealized Gains (Losses) on Financial Instruments, net Realized and unrealized gains (losses) on financial instruments, net are comprised of changes in the fair value of the following: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands Equity securities $ 90,770 175,359 683,808 (53,681 ) Investment in Liberty Broadband 19,207 366,211 1,393,135 (36,706 ) Derivative instruments 60,640 (3,223 ) (57,721 ) 69,329 Indemnification obligation (3,485 ) (14,937 ) (58,311 ) 48,671 Exchangeable senior debentures (10,967 ) (27,901 ) (116,048 ) (31,941 ) $ 156,165 495,509 1,844,863 (4,328 ) The Company has elected to account for its exchangeable debt using the fair value option. Accordingly, a portion of the unrealized gain (loss) recognized on the Company’s exchangeable debt is presented in other comprehensive income as it relates to instrument specific credit risk and any other changes in fair value are presented in the accompanying condensed consolidated statements of operations.

Investments in Equity Securitie

Investments in Equity Securities	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investments in Equity Securities	Investments in Equity Securities Investments in equity securities, the majority of which are carried at fair value, are summarized as follows: September 30, December 31, 2019 2018 amounts in thousands Charter (a) $ 2,208,304 1,526,984 Other investments (b) 5,285 6,533 $ 2,213,589 1,533,517 (a) A portion of the Charter equity securities are considered covered shares and subject to certain contractual restrictions in accordance with the indemnification agreement. See note 4 for additional discussion of the indemnification agreement. (b) The Company has elected the measurement alternative for a portion of these securities.

Investments in Affiliates Accou

Investments in Affiliates Accounted for Using the Equity Method	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in Affiliates Accounted for Using the Equity Method	Investments in Affiliates Accounted for Using the Equity Method Investment in LendingTree The Company has various investments accounted for using the equity method. The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at September 30, 2019 and the carrying amount at December 31, 2018 : September 30, 2019 December 31, 2018 Percentage ownership Market value Carrying amount Carrying amount dollars in thousands LendingTree (a) 26.6 % $ 1,069,118 $ 166,819 174,002 Other various NA 2,020 3,028 $ 168,839 177,030 (a) Both the Company's ownership interest in LendingTree and the Company's share of LendingTree's earnings (losses) are reported on a three month lag. The market value disclosed is as of September 30, 2019. The Company’s share of LendingTree’s earnings (losses) was $2.0 million and $10.2 million for the three months ended September 30, 2019 and 2018 , respectively. The Company's share of LendingTree's earnings (losses) was $(1.4) million and $15.5 million for the nine months ended September 30, 2019 and 2018 , respectively. Investment in Liberty Broadband On May 18, 2016, Qurate Retail completed a $2.4 billion investment in Liberty Broadband Series C non-voting shares (for accounting purposes a related party of the Company) in connection with the merger of Charter and Time Warner Cable Inc. ("TWC"). The proceeds of this investment were used by Liberty Broadband to fund, in part, its acquisition of $5 billion of stock in the new public parent company, Charter, of the combined enterprises. Qurate Retail, along with third party investors, all of whom invested on the same terms as Qurate Retail, purchased newly issued shares of Liberty Broadband Series C common stock at a per share price of $56.23 , which was determined based upon the fair value of Liberty Broadband’s net assets on a sum‑of‑the parts basis at the time the investment agreements were executed (May 2015). Qurate Retail, as part of the merger described above, exchanged, in a tax‑free transaction, its shares of TWC common stock for shares of Charter Class A common stock, on a one ‑for‑one basis, and Qurate Retail granted to Liberty Broadband a proxy and a right of first refusal with respect to the shares of Charter Class A common stock held by Qurate Retail following the exchange, which proxy and right of first refusal was assigned to GCI Liberty in connection with the completion of the Transactions. As of September 30, 2019 , the Company has a 23.5% economic ownership interest in Liberty Broadband. Due to overlapping boards of directors and management, the Company has been deemed to have significant influence over Liberty Broadband for accounting purposes, even though the Company does not have any voting rights. The Company has elected to apply the fair value option for its investment in Liberty Broadband (Level 1) as it is believed that investors value this investment based on the trading price of Liberty Broadband. The Company recognizes changes in the fair value of its investment in Liberty Broadband in realized and unrealized gains (losses) on financial instruments, net in the accompanying condensed consolidated statements of operations. Summarized financial information for Liberty Broadband is as follows: September 30, December 31, 2019 2018 amounts in thousands Current assets $ 94,951 84,574 Investment in Charter, accounted for using the equity method 12,067,329 12,004,376 Other assets 9,767 9,487 Total assets 12,172,047 12,098,437 Long-term debt 572,619 522,928 Deferred income tax liabilities 972,005 965,829 Other liabilities 15,251 11,062 Equity 10,612,172 10,598,618 Total liabilities and shareholders' equity $ 12,172,047 12,098,437 Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands Revenue $ 3,713 3,518 10,918 18,680 Operating expenses, net (11,301 ) (7,614 ) (31,873 ) (25,601 ) Operating income (loss) (7,588 ) (4,096 ) (20,955 ) (6,921 ) Share of earnings (losses) of affiliates 61,633 84,739 141,882 126,952 Gain (loss) on dilution of investment in affiliate (11,219 ) (3,203 ) (68,944 ) (35,165 ) Realized and unrealized gains (losses) on financial instruments, net (433 ) 5,678 (433 ) 3,659 Other income (expense), net (5,773 ) (5,717 ) (17,829 ) (16,371 ) Income tax benefit (expense) (9,124 ) (17,762 ) (8,474 ) (17,005 ) Net earnings (loss) $ 27,496 59,639 25,247 55,149

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible Assets Subject to Amortization September 30, 2019 December 31, 2018 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in thousands Customer relationships $ 408,267 (85,229 ) 323,038 408,267 (55,417 ) 352,850 Other amortizable intangibles 131,830 (55,825 ) 76,005 122,759 (39,603 ) 83,156 Total $ 540,097 (141,054 ) 399,043 531,026 (95,020 ) 436,006 Amortization expense for intangible assets with finite useful lives was $15.2 million and $17.1 million for the three months ended September 30, 2019 and 2018 , respectively. Amortization expense for intangible assets with finite useful lives was $46.5 million and $38.7 million for the nine months ended September 30, 2019 and 2018 , respectively. Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in thousands): Remainder of 2019 $ 15,448 2020 $ 52,633 2021 $ 42,250 2022 $ 36,496 2023 $ 33,603

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Debt is summarized as follows: Outstanding principal Carrying value September 30, September 30, December 31, 2019 2019 2018 amounts in thousands Margin Loan Facility $ 900,000 900,000 900,000 Exchangeable senior debentures 477,250 579,291 462,336 Senior notes 775,000 796,985 803,287 Senior credit facility 713,280 713,280 715,124 Wells Fargo note payable 7,197 7,197 7,554 Deferred financing costs — (6,370 ) (2,267 ) Total debt $ 2,872,727 2,990,383 2,886,034 Debt classified as current (included in other current liabilities) (902,368 ) (900,759 ) Total long-term debt $ 2,088,015 1,985,275 Margin Loan On December 29, 2017, Broadband Holdco, LLC ("Broadband Holdco"), a wholly owned subsidiary of, at such time, Qurate Retail, and now the Company, entered into a margin loan agreement with various lender parties consisting of a term loan in an aggregate principal amount of $1 billion (the “Margin Loan”). 42,681,842 shares of Liberty Broadband Series C common stock with a value of $4.5 billion were pledged by Broadband Holdco, LLC as collateral for the loan as of September 30, 2019 . This Margin Loan has a term of two years with an interest rate of LIBOR plus 1.85% and contains an undrawn commitment fee of up to 0.75% per annum. Deferred financing costs incurred on the Margin Loan are reflected in current portion of debt, net in the accompanying condensed consolidated balance sheet. In connection with the completion of the Transactions, Broadband Holdco borrowed the full principal amount of the Margin Loan. A portion of the proceeds of the Margin Loan was used to make a distribution to Qurate Retail of $1.1 billion to be used within one year for the repurchase of QVC Group stock (now the Qurate Retail common stock) or to pay down certain debt at Qurate Retail, and for the payment of fees and other costs and expenses, in each case, pursuant to the terms of the reorganization agreement. The distributed loan proceeds constituted a portion of the cash reattributed to the QVC Group. On October 5, 2018 (the “Closing Date”), Broadband Holdco entered into Amendment No. 1 (the “Amendment”) to the Margin Loan (the “Margin Loan Agreement”). Pursuant to the Amendment, lenders under the Margin Loan have agreed to, among other things, provide commitments (the “Revolving Commitments”) for a new revolving credit facility in an aggregate principal amount of up to $200.0 million (the “Revolving Credit Facility” and, the loans thereunder, the “Revolving Loans”). The Revolving Credit Facility established under the Margin Loan Agreement is in addition to the existing term loan credit facility under the Margin Loan Agreement (the “Term Loan Facility” and, together with Revolving Credit Facility, the “Margin Loan Facility” and the loans thereunder, the “Loans”). After giving effect to the initial borrowing of Revolving Loans and Term Loan Prepayment (as defined below) on the Closing Date, $800.0 million of loans under the Term Loan Facility were outstanding and $200.0 million of Revolving Loans were outstanding. Subsequent to the Closing Date, the Company repaid $100.0 million of the Revolving Credit Facility. The Amendment also amends certain covenants in the Margin Loan to permit, among other things, a designated GCI Liberty subsidiary to enter into a subordinated revolving note with GCI Liberty and certain additional investments. Broadband Holdco is permitted to use the proceeds of the Revolving Loans for any purpose not prohibited under the Margin Loan, including, without limitation, (i) to make dividends and distributions, (ii) for the purchase of margin stock, (iii) to make investments not prohibited under the Margin Loan, (iv) to repay an intercompany loan to GCI Liberty, and/or (v) otherwise for general corporate purposes, including, without limitation, for payment of interest and fees and other costs and expenses. On the Closing Date, Broadband Holdco drew down on the full amount of the commitments under the Revolving Credit Facility and applied all of the proceeds to prepay, on the Closing Date, a portion of the loans outstanding under the Term Loan Facility (the “Term Loan Prepayment”). The Loans will mature on December 29, 2019 (the “maturity date”) and accrue interest at a rate equal to the 3-month LIBOR rate plus a per annum spread of 1.85% , subject to certain conditions and exceptions. Undrawn Revolving Commitments shall be available to Broadband Holdco from the Closing Date to but excluding the earlier of (i) the date that is one month prior to the maturity date and (ii) the date of the termination of such Revolving Commitments pursuant to the terms of the Margin Loan. The obligations under the Revolving Credit Facility, together with the obligations under Term Loan Facility, are secured by first priority liens on the shares of Liberty Broadband owned by Broadband Holdco and certain other cash collateral provided by Broadband Holdco. In addition, the Revolving Credit Facility and the Term Loan Facility are subject to the same affirmative and negative covenants and events of default. Exchangeable Senior Debentures On June 18, 2018, GCI Liberty issued 1.75% exchangeable senior debentures due 2046 ("Exchangeable Senior Debentures"). Upon an exchange of debentures, GCI Liberty, at its option, may deliver Charter Class A common stock, cash or a combination of Charter Class A common stock and cash. Initially, 2.6989 shares of Charter Class A common stock are attributable to each $1,000 principal amount of debentures, representing an initial exchange price of approximately $370.52 for each share of Charter Class A common stock. A total of 1,288,051 shares of Charter Class A common stock are attributable to the debentures. Interest is payable quarterly on March 31, June 30, September 30 and December 31 of each year. The debentures may be redeemed by GCI Liberty, in whole or in part, on or after October 5, 2023. Holders of debentures also have the right to require GCI Liberty to purchase their debentures on October 5, 2023. The redemption and purchase price will generally equal 100% of the adjusted principal amount of the debentures plus accrued and unpaid interest. Senior Notes On June 6, 2019, GCI, LLC issued $325 million of 6.625% Senior Notes due 2024 at par ("2024 Notes"). The 2024 Notes are unsecured and the net proceeds were used to fund the redemption of $325 million aggregate outstanding principal amount of 6.75% Senior Notes due 2021. Interest on the 2024 Notes and the 6.875% Senior Notes due 2025, which were issued by GCI, Inc., which is now GCI, LLC (collectively, the “Senior Notes”), is payable semi-annually in arrears. The Senior Notes are redeemable at the Company's option, in whole or in part, at a redemption price defined in the respective indentures, and accrued and unpaid interest (if any) to the date of redemption. The Senior Notes are stated net of an aggregate unamortized premium of $22.0 million at September 30, 2019 . Such premium is being amortized to interest expense in the accompanying condensed consolidated statements of operations. As of September 30, 2019, GCI, LLC exceeded the maximum leverage threshold, as measured by the terms of its Senior Notes. Accordingly, the Company, can only access additional funding under the revolving portion of the Senior Credit Facility (as defined below) so long as we are in compliance with the Senior Credit Facility covenants after giving effect to any additional borrowings. Senior Credit Facility On December 27, 2018, GCI, LLC, a wholly-owned subsidiary of the Company, amended and restated the Fifth Amended and Restated Credit Agreement dated as of March 9, 2018 and refinanced the revolving credit facility and term loan A with a new revolving credit facility, leaving the existing Term Loan B in place (the "Senior Credit Facility"). The Senior Credit Facility provides a $240.7 million term loan B ("Term Loan B") and a $550.0 million revolving credit facility. GCI, LLC's Senior Credit Facility Total Leverage Ratio (as defined in the Senior Credit Facility) may not exceed 6.50 to one and the Secured Leverage Ratio (as defined in the Senior Credit Facility) may not exceed 4.00 to one. The revolving credit facility borrowings that are LIBOR loans bear interest at a per annum rate equal to the applicable LIBOR plus a margin that varies between 1.50% and 2.75% depending on the total leverage ratio. The full principal revolving credit facility included in the Senior Credit Facility will mature on December 27, 2023 or August 6, 2021 if the Term Loan B is not refinanced or repaid in full prior to such date. The interest rate for the Term Loan B is LIBOR plus 2.25% . The Term Loan B requires principal payments of 0.25% of the original principal amount on the last day of each calendar quarter with the full amount maturing on February 2, 2022. The terms of the Senior Credit Facility include customary representations and warranties, customary affirmative and negative covenants and customary events of default. At any time after the occurrence of an event of default under the Senior Credit Facility, the lenders may, among other options, declare any amounts outstanding under the Senior Credit Facility immediately due and payable and terminate any commitment to make further loans under the Senior Credit Facility. The obligations under the Senior Credit Facility are secured by a security interest on substantially all of the assets of GCI Holdings and the subsidiary guarantors, as defined in the Senior Credit Facility, and on the stock of GCI Holdings. As of September 30, 2019 , there is $238.3 million outstanding under the Term Loan B, $475.0 million outstanding under the revolving portion of the Senior Credit Facility and $8.1 million in letters of credit under the Senior Credit Facility, which leaves $66.9 million available for borrowing so long as we are in compliance with the debt covenants after giving effect to any additional borrowings. Wells Fargo Note Payable GCI Holdings issued a note to Wells Fargo that matures on July 15, 2029 and is payable in monthly installments of principal and interest (the "Wells Fargo Note Payable"). The interest rate is variable at one month LIBOR plus 2.25% . The note is subject to similar affirmative and negative covenants as the Senior Credit Facility. The obligations under the note are secured by a security interest and lien on the building purchased with the note. Debt Covenants GCI, LLC is subject to covenants and restrictions under its Senior Notes and Senior Credit Facility. The Company and GCI, LLC are in compliance with all debt maintenance covenants as of September 30, 2019 . Fair Value of Debt The fair value of the Senior Notes was $828.5 million at September 30, 2019 . Due to the variable rate nature of the Margin Loan, Senior Credit Facility and Wells Fargo Note Payable, the Company believes that the carrying amount approximates fair value at September 30, 2019 .

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases In February 2016 and subsequently, the FASB issued new guidance which revises the accounting for leases (“ASC 842”). Under the new guidance, entities that lease assets are required to recognize assets and liabilities on the balance sheet related to the rights and obligations created by those leases regardless of whether they are classified as finance or operating leases. In addition, new disclosures are required to meet the objective of enabling users of the financial statements to better understand the amount, timing, and uncertainty of cash flows arising from leases. The Company adopted this guidance on January 1, 2019 and elected the optional transition method that allowed for a cumulative-effect adjustment in the period of adoption. Results for reporting periods beginning after January 1, 2019 are presented under the new guidance, while prior period amounts were not adjusted and continue to be reported under the accounting standards in effect for those periods. The Company elected certain of the available transition practical expedients, including those that permit it to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The Company did not elect the hindsight practical expedient, which permits entities to use hindsight in determining the lease term and assessing impairment. The most significant impact of the new guidance was the recognition of right-of-use ("ROU") assets and lease liabilities for operating leases. In addition, the Company elected the practical expedient to account for the lease and non-lease components as a single lease component and will not recognize ROU assets or lease liabilities for short-term leases, which are those leases with a term of twelve months or less at the lease commencement date. The Company recognized $107 million of ROU assets, $28 million of short-term operating lease liabilities and $79 million of long-term operating lease liabilities in the accompanying condensed consolidated balance sheet upon the adoption of the new standard. In 2016 and 2017, GCI Holdings sold certain tower sites and entered into a master lease agreement in which it leased back space on those tower sites. At the time, GCI Holdings determined that it was precluded from applying sales-leaseback accounting. Upon adoption of ASC 842, GCI Holdings considered whether this transaction would have resulted in a completed sale-leaseback transaction and concluded that the transaction did not meet the criteria and should continue to be accounted for in the same manner as previously determined. The Company has entered into finance lease agreements with satellite providers for transponder capacity to transmit voice and data traffic in rural Alaska. The Company is also party to finance lease agreements for an office building and certain retail store locations. The Company also leases office space, land for towers and communication facilities, satellite transponders, fiber capacity, and equipment. These leases are classified as operating leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future lease payments using our incremental borrowing rate at the commencement date of the lease. During the nine months ended September 30, 2019, the Company amended its lease agreement with a satellite provider that resulted in a $22.5 million reduction to the finance lease liability and a $16.0 million reduction to fixed assets, resulting in a gain of $6.5 million that is included in Other, net on the condensed consolidated statements of operations. Our leases have remaining lease terms of less than one year to 31 years , some of which may include the option to extend for up to 40 years , and some of which include options to terminate the leases within 18 years . The components of lease cost during the three and nine months ended September 30, 2019 were as follows: Three months ended Nine months ended September 30, 2019 September 30, 2019 amounts in thousands Operating lease cost (1) $ 12,806 33,515 Finance lease cost Depreciation of leased assets $ 722 4,321 Interest on lease liabilities 91 908 Total finance lease cost $ 813 5,229 (1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements. For the three months ended September 30, 2018, the Company recorded depreciation expense on finance leases (previously referred to as capital leases) and operating lease expense of $2.2 million and $13.3 million , respectively. For the nine months ended September 30, 2018, the Company recorded depreciation expense on finance leases (previously referred to as capital leases) and operating lease expense of $5.0 million and $30.1 million , respectively. The remaining weighted-average lease term and the weighted average discount rate were as follows: Nine months ended September 30, 2019 Weighted-average remaining lease term (years): Finance leases 3.6 Operating leases 4.9 Weighted-average discount rate: Finance leases 5.1 % Operating leases 5.0 % Supplemental balance sheet information related to leases was as follows: September 30, 2019 amounts in thousands Operating leases: Operating lease ROU assets, net (1) $ 132,769 Current operating lease liabilities (2) $ 40,638 Operating lease liabilities (3) 88,931 Total operating lease liabilities $ 129,569 Finance Leases: Property and equipment, at cost $ 18,102 Accumulated depreciation (4,574 ) Property and equipment, net $ 13,528 Current obligations under finance leases (4) $ 4,894 Obligations under finance leases 8,614 Total finance lease liabilities $ 13,508 (1) Operating lease ROU assets, net are included within the other assets, net line item in the accompanying condensed consolidated balance sheets. (2) Current operating lease liabilities are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets. (3) Operating lease liabilities are included within the other liabilities line item in the accompanying condensed consolidated balance sheets. (4) Current obligations under finance leases are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets. Supplemental cash flow information related to leases was as follows: Nine months ended September 30, 2019 amounts in thousands Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 33,710 Operating cash flows from finance leases $ 983 Financing cash flows from finance leases $ 6,405 ROU assets obtained in exchange for lease obligations Operating leases $ 39,178 Finance leases $ — Future lease payments under finance leases, operating leases and tower obligations with initial terms of one year or more at September 30, 2019 consisted of the following: Finance Leases Operating Leases Tower Obligations amounts in thousands Remainder of 2019 $ 1,373 12,059 1,932 2020 5,491 44,512 7,797 2021 4,076 35,435 7,953 2022 1,973 21,683 8,112 2023 678 14,552 8,274 Thereafter 1,734 23,185 142,825 Total lease payments 15,325 151,426 176,893 Less: imputed interest (1,817 ) (21,857 ) (85,247 ) Total lease liabilities $ 13,508 129,569 91,646
Leases	Leases In February 2016 and subsequently, the FASB issued new guidance which revises the accounting for leases (“ASC 842”). Under the new guidance, entities that lease assets are required to recognize assets and liabilities on the balance sheet related to the rights and obligations created by those leases regardless of whether they are classified as finance or operating leases. In addition, new disclosures are required to meet the objective of enabling users of the financial statements to better understand the amount, timing, and uncertainty of cash flows arising from leases. The Company adopted this guidance on January 1, 2019 and elected the optional transition method that allowed for a cumulative-effect adjustment in the period of adoption. Results for reporting periods beginning after January 1, 2019 are presented under the new guidance, while prior period amounts were not adjusted and continue to be reported under the accounting standards in effect for those periods. The Company elected certain of the available transition practical expedients, including those that permit it to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) any initial direct costs for any existing leases as of the effective date. The Company did not elect the hindsight practical expedient, which permits entities to use hindsight in determining the lease term and assessing impairment. The most significant impact of the new guidance was the recognition of right-of-use ("ROU") assets and lease liabilities for operating leases. In addition, the Company elected the practical expedient to account for the lease and non-lease components as a single lease component and will not recognize ROU assets or lease liabilities for short-term leases, which are those leases with a term of twelve months or less at the lease commencement date. The Company recognized $107 million of ROU assets, $28 million of short-term operating lease liabilities and $79 million of long-term operating lease liabilities in the accompanying condensed consolidated balance sheet upon the adoption of the new standard. In 2016 and 2017, GCI Holdings sold certain tower sites and entered into a master lease agreement in which it leased back space on those tower sites. At the time, GCI Holdings determined that it was precluded from applying sales-leaseback accounting. Upon adoption of ASC 842, GCI Holdings considered whether this transaction would have resulted in a completed sale-leaseback transaction and concluded that the transaction did not meet the criteria and should continue to be accounted for in the same manner as previously determined. The Company has entered into finance lease agreements with satellite providers for transponder capacity to transmit voice and data traffic in rural Alaska. The Company is also party to finance lease agreements for an office building and certain retail store locations. The Company also leases office space, land for towers and communication facilities, satellite transponders, fiber capacity, and equipment. These leases are classified as operating leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future lease payments using our incremental borrowing rate at the commencement date of the lease. During the nine months ended September 30, 2019, the Company amended its lease agreement with a satellite provider that resulted in a $22.5 million reduction to the finance lease liability and a $16.0 million reduction to fixed assets, resulting in a gain of $6.5 million that is included in Other, net on the condensed consolidated statements of operations. Our leases have remaining lease terms of less than one year to 31 years , some of which may include the option to extend for up to 40 years , and some of which include options to terminate the leases within 18 years . The components of lease cost during the three and nine months ended September 30, 2019 were as follows: Three months ended Nine months ended September 30, 2019 September 30, 2019 amounts in thousands Operating lease cost (1) $ 12,806 33,515 Finance lease cost Depreciation of leased assets $ 722 4,321 Interest on lease liabilities 91 908 Total finance lease cost $ 813 5,229 (1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements. For the three months ended September 30, 2018, the Company recorded depreciation expense on finance leases (previously referred to as capital leases) and operating lease expense of $2.2 million and $13.3 million , respectively. For the nine months ended September 30, 2018, the Company recorded depreciation expense on finance leases (previously referred to as capital leases) and operating lease expense of $5.0 million and $30.1 million , respectively. The remaining weighted-average lease term and the weighted average discount rate were as follows: Nine months ended September 30, 2019 Weighted-average remaining lease term (years): Finance leases 3.6 Operating leases 4.9 Weighted-average discount rate: Finance leases 5.1 % Operating leases 5.0 % Supplemental balance sheet information related to leases was as follows: September 30, 2019 amounts in thousands Operating leases: Operating lease ROU assets, net (1) $ 132,769 Current operating lease liabilities (2) $ 40,638 Operating lease liabilities (3) 88,931 Total operating lease liabilities $ 129,569 Finance Leases: Property and equipment, at cost $ 18,102 Accumulated depreciation (4,574 ) Property and equipment, net $ 13,528 Current obligations under finance leases (4) $ 4,894 Obligations under finance leases 8,614 Total finance lease liabilities $ 13,508 (1) Operating lease ROU assets, net are included within the other assets, net line item in the accompanying condensed consolidated balance sheets. (2) Current operating lease liabilities are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets. (3) Operating lease liabilities are included within the other liabilities line item in the accompanying condensed consolidated balance sheets. (4) Current obligations under finance leases are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets. Supplemental cash flow information related to leases was as follows: Nine months ended September 30, 2019 amounts in thousands Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 33,710 Operating cash flows from finance leases $ 983 Financing cash flows from finance leases $ 6,405 ROU assets obtained in exchange for lease obligations Operating leases $ 39,178 Finance leases $ — Future lease payments under finance leases, operating leases and tower obligations with initial terms of one year or more at September 30, 2019 consisted of the following: Finance Leases Operating Leases Tower Obligations amounts in thousands Remainder of 2019 $ 1,373 12,059 1,932 2020 5,491 44,512 7,797 2021 4,076 35,435 7,953 2022 1,973 21,683 8,112 2023 678 14,552 8,274 Thereafter 1,734 23,185 142,825 Total lease payments 15,325 151,426 176,893 Less: imputed interest (1,817 ) (21,857 ) (85,247 ) Total lease liabilities $ 13,508 129,569 91,646

Preferred Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Preferred Stock	Preferred Stock GCI Liberty Series A Cumulative Redeemable Preferred Stock (the "Preferred Stock") was issued as a result of the auto conversion that occurred on March 8, 2018. The Company is required to redeem all outstanding shares of Preferred Stock out of funds legally available, at the liquidation price plus all unpaid dividends (whether or not declared) accrued from the most recent dividend payment date through the redemption date, on the first business day following the twenty-first anniversary of the March 8, 2018 auto conversion. There were 7,500,000 shares of Preferred Stock authorized and 7,211,759 shares issued and outstanding at September 30, 2019 . An additional 42,500,000 shares of preferred stock of the Company are authorized and are undesignated as to series. The Preferred Stock is accounted for as a liability in the accompanying condensed consolidated balance sheets because it is mandatorily redeemable. As a result, all dividends paid on the Preferred Stock are recorded as interest expense in the accompanying condensed consolidated statements of operations. The liquidation price is measured per share and shall mean the sum of (i) $25 , plus (ii) an amount equal to all unpaid dividends (whether or not declared) accrued with respect to such share have been added to and then remain part of the liquidation price as of such date. The holders of shares of Preferred Stock are entitled to receive, when and as declared by the GCI Liberty Board of Directors, out of legally available funds, preferential dividends that accrue and cumulate as provided in the restated GCI Liberty certificate of incorporation. Dividends on each share of Preferred Stock accrued on a daily basis at an initial rate of 5.00% per annum of the liquidation price, and increased to 7.00% per annum of the liquidation price effective July 16, 2018 as a result of the Reincorporation Merger in the State of Delaware in May 2018. Accrued dividends are payable quarterly on each dividend payment date, which is January 15, April 15, July 15, and October 15 of each year, commencing on the first such date following the auto conversion, which occurred immediately after the market closed on March 8, 2018. If GCI Liberty fails to pay cash dividends on the Preferred Stock in full for any four consecutive or non-consecutive dividend periods then the dividend rate shall increase by 2.00% per annum of the liquidation price until cured. On September 16, 2019, the Company announced that it declared a quarterly cash dividend of approximately $0.44 per share of Preferred Stock which was paid on October 15, 2019 to shareholders of record of the Preferred Stock at the close of business on September 30, 2019.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2019
Variable Interest Entity Disclosures [Abstract]
Variable Interest Entities	Variable Interest Entities New Markets Tax Credit Entities GCI entered into several arrangements under the New Markets Tax Credit ("NMTC") program with US Bancorp to help fund various projects that extended terrestrial broadband service for the first time to rural Northwestern Alaska communities via a high capacity hybrid fiber optic and microwave network. The NMTC program was provided for in the Community Renewal Tax Relief Act of 2000 (the “Act”) to induce capital investment in qualified lower income communities. The Act permits taxpayers to claim credits against their federal income taxes for up to 39% of qualified investments in the equity of community development entities (“CDEs”). CDEs are privately managed investment institutions that are certified to make qualified low-income community investments. Each of the transactions has an investment fund, which is a special purpose entity created to effect the financing arrangement. In each of the transactions, the Company loaned money to the investment fund and US Bancorp invested money in the investment fund. The investment fund would then contribute the funds from the Company's loan and US Bancorp's investment to a CDE. The CDE, in turn, would loan the funds to the Company's wholly owned subsidiary, Unicom, Inc. ("Unicom") as partial financing for the projects. US Bancorp is entitled to substantially all of the benefits derived from the NMTCs. All of the loan proceeds to Unicom, net of syndication and arrangement fees, were restricted for use on the projects. Restricted cash of $0.7 million was held by Unicom at September 30, 2019 and is included in the accompanying condensed consolidated balance sheets. The Company completed construction of the projects partially funded by these transactions. These transactions include put/call provisions whereby the Company may be obligated or entitled to repurchase US Bancorp’s interest in each investment fund for a nominal amount. The Company believes that US Bancorp will exercise the put options at the end of the compliance periods for each of the transactions. The NMTCs are subject to 100% recapture for a period of seven years as provided in the Internal Revenue Code of 1986, as amended. The Company is required to be in compliance with various regulations and contractual provisions that apply to the NMTC arrangements. Non-compliance with applicable requirements could result in projected tax benefits not being realized by US Bancorp. The Company has agreed to indemnify US Bancorp for any loss or recapture of NMTCs until such time as its obligation to deliver tax benefits is relieved. There have been no credit recaptures as of September 30, 2019 . The value attributed to the put/calls is nominal. The Company has determined that each of the investment funds are variable interest entities ("VIEs"). The consolidated financial statements of each of the investment funds include the CDEs. The ongoing activities of the VIEs – collecting and remitting interest and fees and NMTC compliance – were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the VIEs. Management considered the contractual arrangements that obligate the Company to deliver tax benefits and provide various other guarantees to US Bancorp; US Bancorp’s lack of a material interest in the underlying economics of the project; and the fact that the Company is obligated to absorb losses of the VIEs. The Company concluded that it is the primary beneficiary of each and consolidated the VIEs in accordance with the accounting standard for consolidation. The assets and liabilities of the consolidated VIEs were $89 million and $63 million , respectively, as of September 30, 2019 . The assets of the VIEs serve as the sole source of repayment for the debt issued by these entities. US Bank does not have recourse to us or our other assets, with the exception of customary representations and indemnities the Company has provided. The Company is not required and does not currently intend to provide additional financial support to these VIEs. While these subsidiaries are included in the Company's consolidated financial statements, these subsidiaries are separate legal entities and their assets are legally owned by them and not available to the Company's creditors. The following table summarizes the key terms of each of the NMTC transactions: Financing Arrangement Investment Funds Transaction Date Loan Amount Interest Rate on Loan to Investment Fund Maturity Date US Bancorp Investment Loan to Unicom Interest Rate on Loan(s) to Unicom Expected Put Option Exercise NMTC #2 TIF 2 & TIF 2-USB October 3, 2012 $37.7 million 1% October 2, 2042 $17.5 million $52.0 million 0.71% to 0.77% October 2019 NMTC #3 TIF 3 December 11, 2012 $8.2 million 1% December 10, 2042 $3.8 million $12.0 million 1.35% December 2019 NMTC #4 TIF 4 March 21, 2017 $6.7 million 1% March 21, 2040 $3.3 million $9.8 million 0.73% March 2024 NMTC #5 TIF 5-1 and TIF 5-2 December 22, 2017 $10.4 million 1% December 22, 2047 $5.1 million $14.7 million 0.67% to 1.24% December 2024

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation GCI Liberty has granted to certain directors, employees and employees of its subsidiaries, restricted shares (“RSAs”), restricted stock units (“RSUs”) and options to purchase shares of GCI Liberty’s common stock (collectively, "Awards"). The Company measures the cost of employee services received in exchange for an equity classified Award (such as stock options, RSAs and RSUs) based on the grant-date fair value (“GDFV”) of the Award, and recognizes that cost over the period during which the employee is required to provide service (usually the vesting period of the Award). The Company measures the cost of employee services received in exchange for a liability classified Award based on the current fair value of the Award, and remeasures the fair value of the Award at each reporting date. Included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations are $5.8 million and $7.8 million of stock based compensation during the three months ended September 30, 2019 and 2018 , respectively, and $18.2 million and $20.9 million during the nine months ended September 30, 2019 and 2018 , respectively. During the nine months ended September 30, 2019, and in connection with our CEO's employment agreement, GCI Liberty granted 22 thousand options to purchase shares of GCI Liberty Series B common stock and 51 thousand performance-based RSUs of GCI Liberty Series B common stock to our CEO. Such options had a GDFV of $18.27 per share. The RSUs had a GDFV of $53.78 per share at the time they were granted. The options cliff vested immediately upon grant, and the RSUs cliff vest in one year from the month of grant, subject to the satisfaction of certain performance objectives. Performance objectives, which are subjective, are considered in determining the timing and amount of the compensation expense recognized. When the satisfaction of the performance objectives becomes probable, the Company records compensation expense. The probability of satisfying the performance objectives is assessed at the end of each reporting period. The Company has calculated the GDFV for all of its equity classified Awards and any subsequent remeasurement of its liability classified Awards using the Black-Scholes-Merton Model. The Company estimates the expected term of the Awards based on historical exercise and forfeiture data. The volatility used in the calculation for Awards is based on the historical volatility of GCI Liberty's stock and the implied volatility of publicly traded GCI Liberty options. The Company uses a zero dividend rate and the risk-free rate for Treasury Bonds with a term similar to that of the subject options. GCI Liberty-Outstanding Awards The following tables present the number and weighted average exercise price ("WAEP") of Awards to purchase GCI Liberty common stock granted to certain officers, employees and directors of the Company, as well as the weighted average remaining life and aggregate intrinsic value of the Awards. Series A Weighted Aggregate average intrinsic Awards remaining value (000's) WAEP life (millions) Outstanding at January 1, 2019 1,650 $ 47.61 Granted — $ — Exercised (275 ) $ 24.66 Forfeited/Cancelled (49 ) $ 55.65 Outstanding at September 30, 2019 1,326 $ 52.08 1.1 years $ 13 Exercisable at September 30, 2019 1,053 $ 54.02 0.6 years $ 8 Series B Weighted Aggregate average intrinsic Awards remaining value (000's) WAEP life (millions) Outstanding at January 1, 2019 1,223 $ 56.10 Granted 22 $ 58.11 Exercised — $ — Forfeited/Cancelled — $ — Outstanding at September 30, 2019 1,245 $ 56.14 3.3 years $ 8 Exercisable at September 30, 2019 926 $ 56.05 3.7 years $ 6 As of September 30, 2019 , the total unrecognized compensation cost related to unvested options and RSA/RSUs was approximately $4 million and $20 million , respectively. Such amounts will be recognized in the Company's consolidated statements of operations over a weighted average period of approximately 1.4 years and 2.5 years , respectively. As of September 30, 2019, GCI Liberty had 485 thousand RSUs outstanding. As of September 30, 2019 , GCI Liberty reserved for issuance upon exercise of outstanding stock options approximately 1.3 million shares of GCI Liberty Series A common stock and 1.2 million shares of GCI Liberty Series B common stock.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Rural Health Care (“RHC”) Program Subsidiaries of GCI Holdings receive support from various Universal Service Fund ("USF") programs including the RHC Program. The USF programs are subject to change by regulatory actions taken by the Federal Communications Commission ("FCC") or legislative actions. The following paragraphs describe certain separate matters related to the RHC Program that impact or could impact the revenue earned by the Company. On November 30, 2018, a subsidiary of GCI Holdings received multiple funding denial notices from Universal Service Administrative Company ("USAC"), denying requested funding from the RHC Program operated by a rural health customer (the "Customer") for the funding year that ended on June 30, 2018. In November 2017, USAC requested information from the Customer related to bidding process documentation for two separate service contracts a subsidiary of GCI Holdings has with the Customer. Although the Customer timely responded, USAC found that bids previously received were not submitted with the original funding request and/or that bidding information submitted was related to the wrong bidding year. The Customer filed an appeal with USAC on January 29, 2019 and made a supplemental filing on March 12, 2019. On May 6, 2019, the Customer received a letter from USAC that denied the Customer’s appeal for all requested funding on the basis that the Customer failed to indicate that it had received, and failed to submit copies of, the responses or bids received, when it originally sought funding from the RHC Program under the two service contracts that a subsidiary of GCI Holdings has with the Customer. The Customer appealed USAC’s decision to the Wireline Competition Bureau of the FCC on July 5, 2019 but resolution and the timing of the appeal are unknown at this time. As of March 31, 2019, GCI Holdings had accounts receivable of approximately $21.3 million outstanding associated with these two service contracts, which is dependent upon receipt of funding from USAC. Given that USAC has denied the Customer’s appeal as specifically outlined in the May 6, 2019 letter received by the Customer, it is probable that GCI Holdings has incurred a loss and an accounts receivable reserve has been recorded in the amount of $21.3 million

Information About the Company's

Information About the Company's Operating Segments	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Information About the Company's Operating Segments	Information About the Company's Operating Segments The Company, through its interests in subsidiaries and other companies, is primarily engaged in the broadband communications services industry. The Company identifies its reportable segments as (A) those consolidated companies that represent 10% or more of its consolidated annual revenue, annual Adjusted OIBDA (as defined below) or total assets and (B) those equity method affiliates whose share of earnings represent 10% or more of the Company’s annual pre‑tax earnings. The Company evaluates performance and makes decisions about allocating resources to its operating segments based on financial measures such as revenue, Adjusted OIBDA (as defined below), and subscriber metrics. For the three and nine months ended September 30, 2019 , the Company has identified the following subsidiary as a reportable segment: • GCI Holdings-provides a full range of wireless, data, video, voice, and managed services to residential, businesses, governmental entities, and educational and medical institutions primarily in Alaska. For presentation purposes the Company is providing financial information for Liberty Broadband. While the Company’s equity method investment in Liberty Broadband does not meet the reportable segment threshold defined above, the Company believes that the inclusion of such information is relevant to users of these financial statements. • Liberty Broadband-an equity method affiliate of the Company, accounted for at fair value, has a non‑controlling interest in Charter, and a wholly‑owned subsidiary, Skyhook Wireless, Inc. ("Skyhook"). Charter is the second largest cable operator in the United States and a leading broadband communications services company providing video, Internet and voice services. Skyhook provides a Wi‑Fi based location platform focused on providing positioning technology and contextual location intelligence solutions. The Company’s operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The accounting policies of the consolidated subsidiaries included in the segments are the same as those described in the Company’s Summary of Significant Accounting Policies in note 2 to the accompanying consolidated financial statements to the Annual Report on Form 10-K for the year ended December 31, 2018. Performance Measures Revenue by segment from contracts with customers, classified by customer type and significant service offerings follows: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands GCI Holdings Consumer Revenue Wireless $ 29,509 25,584 84,506 62,312 Data 42,920 39,652 125,555 88,921 Video 21,194 22,272 63,255 50,180 Voice 4,051 4,368 12,833 10,246 Business Revenue Wireless 20,060 18,071 57,837 44,889 Data 69,960 59,585 201,803 154,239 Video 4,115 4,927 11,928 9,436 Voice 6,747 6,361 19,587 14,282 Lease, grant, and revenue from subsidies 22,472 24,226 67,914 55,114 Total GCI Holdings 221,028 205,046 645,218 489,619 Corporate and other 6,016 5,100 17,128 15,221 Total $ 227,044 210,146 662,346 504,840 Liberty Broadband revenue totaled $3.7 million and $3.5 million for the three months ended September 30, 2019 and 2018, respectively and $10.9 million and $18.7 million for the nine months ended September 30, 2019 and 2018, respectively. The Company had gross receivables of $216 million and deferred revenue of $38 million at September 30, 2019 from contracts with customers, which amounts exclude receivables and deferred revenue arising from leases, grants, and subsidies. Our customers generally pay for services in advance of the performance obligation and therefore these prepayments are recorded as deferred revenue. The deferred revenue is recognized as revenue in the accompanying condensed consolidated statements of operations as the services are provided. Changes in the contract liability balance for the Company during the nine months ended September 30, 2019 were not materially impacted by other factors. The Company expects to recognize revenue in the future related to performance obligations that are unsatisfied (or partially unsatisfied) of approximately $63 million in the remainder of 2019, $233 million in 2020, $164 million in 2021, $112 million in 2022 and $97 million in 2023 and thereafter. The Company applies certain practical expedients as permitted under ASC 606 and does not disclose information about remaining performance obligations that have original expected durations of one year or less, information about revenue remaining from usage based performance obligations that are recognized over time as-invoiced, or variable consideration allocated to wholly unsatisfied performance obligations. For segment reporting purposes, the Company defines Adjusted OIBDA as revenue less cost of sales, operating expenses, and selling, general and administrative expenses (excluding stock‑based compensation). The Company believes this measure is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business' performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. This measure of performance excludes depreciation and amortization, stock‑based compensation, separately reported litigation settlements, insurance proceeds and restructuring and impairment charges that are included in the measurement of operating income pursuant to GAAP. Accordingly, Adjusted OIBDA should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance prepared in accordance with GAAP. Adjusted OIBDA is summarized as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 amounts in thousands GCI Holdings $ 71,960 57,945 182,552 156,608 Liberty Broadband (4,586 ) (2,198 ) (11,877 ) (414 ) Corporate and other (5,382 ) (7,205 ) (17,199 ) (20,256 ) 61,992 48,542 153,476 135,938 Eliminate Liberty Broadband 4,586 2,198 11,877 414 $ 66,578 50,740 165,353 136,352 Other Information September 30, 2019 Total Investments Capital assets in affiliates expenditures amounts in thousands GCI Holdings $ 3,346,168 580 107,431 Liberty Broadband 12,172,047 12,067,329 75 Corporate and other 7,299,135 168,259 1,202 Eliminate Liberty Broadband (12,172,047 ) (12,067,329 ) (75 ) Consolidated $ 10,645,303 168,839 108,633 The following table provides a reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 amounts in thousands Adjusted OIBDA $ 66,578 50,740 165,353 136,352 Stock‑based compensation (5,768 ) (7,761 ) (18,153 ) (20,926 ) Depreciation and amortization (66,466 ) (62,848 ) (200,035 ) (143,257 ) Insurance proceeds and restructuring, net 1,482 — (236 ) — Operating income (loss) (4,174 ) (19,869 ) (53,071 ) (27,831 ) Interest expense (38,353 ) (37,614 ) (116,357 ) (81,304 ) Share of earnings (loss) of affiliates, net 1,921 10,856 (2,443 ) 18,714 Realized and unrealized gains (losses) on financial instruments, net 156,165 495,509 1,844,863 (4,328 ) Tax Sharing Agreement 2,362 2,492 18,895 (25,456 ) Other, net (540 ) (834 ) 13,824 (982 ) Earnings (loss) from continuing operations before income taxes $ 117,381 450,540 1,705,711 (121,187 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements New Accounting Pronouncements Not Yet Adopted In August 2018, the Financial Accounting Standards Board ("FASB") issued new guidance which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance will be effective for the Company in the first quarter of 2020 with early adoption permitted. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Preliminary Acquisition Price Allocation	The acquisition price allocation for GCI Liberty is as follows (amounts in thousands): Cash and cash equivalents including restricted cash $ 147,957 Receivables 171,014 Property and equipment 1,211,392 Goodwill 966,044 Intangible assets not subject to amortization 572,500 Intangible assets subject to amortization 468,737 Other assets 83,422 Deferred revenue (92,561 ) Debt, including capital leases (1,707,002 ) Other liabilities (251,692 ) Deferred income tax liabilities (276,683 ) Preferred stock (174,922 ) Non-controlling interest (7,000 ) $ 1,111,206
Pro Forma Revenue and Net Earnings	The unaudited pro forma revenue, net earnings and basic and diluted net earnings per common share of GCI Liberty, prepared utilizing the historical financial statements of HoldCo, giving effect to acquisition accounting related adjustments made at the time of acquisition, as if the acquisition discussed above occurred on January 1, 2017, are as follows: Three months ended Nine months ended September 30, 2018 amounts in thousands, except per share amounts Revenue $ 220,737 664,287 Net earnings (loss) $ 327,046 (157,678 ) Net earnings (loss) attributable to GCI Liberty shareholders $ 327,173 (157,242 ) Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share $ 3.04 (1.46 ) Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share $ 3.00 (1.46 )

Earnings Attributable to GCI _2

Earnings Attributable to GCI Liberty Stockholders Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	Series A and Series B Common Stock Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 number of shares in thousands Basic WASO 104,819 107,631 104,800 107,693 Diluted WASO 105,850 109,061 105,798 107,693 Antidilutive shares excluded from diluted WASO — — — 1,499

Assets and Liabilities Measur_2

Assets and Liabilities Measured at Fair Value (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The Company’s assets and liabilities measured at fair value are as follows: September 30, 2019 December 31, 2018 Description Total Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Total Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) amounts in thousands Cash equivalents $ 363,026 363,026 — 384,071 384,071 — Equity securities $ 2,208,304 2,208,304 — 1,529,901 1,529,901 — Investment in Liberty Broadband $ 4,467,508 4,467,508 — 3,074,373 3,074,373 — Derivative instrument $ 78,061 — 78,061 20,340 — 20,340 Indemnification obligation $ 136,833 — 136,833 78,522 — 78,522 Exchangeable senior debentures $ 579,291 — 579,291 462,336 — 462,336
Schedule of Realized and Unrealized Gains (Losses) on Financial Instruments	Realized and unrealized gains (losses) on financial instruments, net are comprised of changes in the fair value of the following: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands Equity securities $ 90,770 175,359 683,808 (53,681 ) Investment in Liberty Broadband 19,207 366,211 1,393,135 (36,706 ) Derivative instruments 60,640 (3,223 ) (57,721 ) 69,329 Indemnification obligation (3,485 ) (14,937 ) (58,311 ) 48,671 Exchangeable senior debentures (10,967 ) (27,901 ) (116,048 ) (31,941 ) $ 156,165 495,509 1,844,863 (4,328 )

Investments in Equity Securit_2

Investments in Equity Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Investments in Equity Securities	Investments in equity securities, the majority of which are carried at fair value, are summarized as follows: September 30, December 31, 2019 2018 amounts in thousands Charter (a) $ 2,208,304 1,526,984 Other investments (b) 5,285 6,533 $ 2,213,589 1,533,517 (a) A portion of the Charter equity securities are considered covered shares and subject to certain contractual restrictions in accordance with the indemnification agreement. See note 4 for additional discussion of the indemnification agreement. (b) The Company has elected the measurement alternative for a portion of these securities.

Investments in Affiliates Acc_2

Investments in Affiliates Accounted for Using the Equity Method (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments and Summarized Financial Information	The following table includes the Company’s carrying amount and percentage ownership of the more significant investments in affiliates at September 30, 2019 and the carrying amount at December 31, 2018 : September 30, 2019 December 31, 2018 Percentage ownership Market value Carrying amount Carrying amount dollars in thousands LendingTree (a) 26.6 % $ 1,069,118 $ 166,819 174,002 Other various NA 2,020 3,028 $ 168,839 177,030 (a) Both the Company's ownership interest in LendingTree and the Company's share of LendingTree's earnings (losses) are reported on a three month lag. The market value disclosed is as of September 30, 2019. September 30, December 31, 2019 2018 amounts in thousands Current assets $ 94,951 84,574 Investment in Charter, accounted for using the equity method 12,067,329 12,004,376 Other assets 9,767 9,487 Total assets 12,172,047 12,098,437 Long-term debt 572,619 522,928 Deferred income tax liabilities 972,005 965,829 Other liabilities 15,251 11,062 Equity 10,612,172 10,598,618 Total liabilities and shareholders' equity $ 12,172,047 12,098,437 Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands Revenue $ 3,713 3,518 10,918 18,680 Operating expenses, net (11,301 ) (7,614 ) (31,873 ) (25,601 ) Operating income (loss) (7,588 ) (4,096 ) (20,955 ) (6,921 ) Share of earnings (losses) of affiliates 61,633 84,739 141,882 126,952 Gain (loss) on dilution of investment in affiliate (11,219 ) (3,203 ) (68,944 ) (35,165 ) Realized and unrealized gains (losses) on financial instruments, net (433 ) 5,678 (433 ) 3,659 Other income (expense), net (5,773 ) (5,717 ) (17,829 ) (16,371 ) Income tax benefit (expense) (9,124 ) (17,762 ) (8,474 ) (17,005 ) Net earnings (loss) $ 27,496 59,639 25,247 55,149

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Subject to Amortization	Intangible Assets Subject to Amortization September 30, 2019 December 31, 2018 Gross Net Gross Net carrying Accumulated carrying carrying Accumulated carrying amount amortization amount amount amortization amount amounts in thousands Customer relationships $ 408,267 (85,229 ) 323,038 408,267 (55,417 ) 352,850 Other amortizable intangibles 131,830 (55,825 ) 76,005 122,759 (39,603 ) 83,156 Total $ 540,097 (141,054 ) 399,043 531,026 (95,020 ) 436,006
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Amortization expense for amortizable intangible assets for each of the five succeeding fiscal years is estimated to be (amounts in thousands): Remainder of 2019 $ 15,448 2020 $ 52,633 2021 $ 42,250 2022 $ 36,496 2023 $ 33,603

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Summary of Debt	Debt is summarized as follows: Outstanding principal Carrying value September 30, September 30, December 31, 2019 2019 2018 amounts in thousands Margin Loan Facility $ 900,000 900,000 900,000 Exchangeable senior debentures 477,250 579,291 462,336 Senior notes 775,000 796,985 803,287 Senior credit facility 713,280 713,280 715,124 Wells Fargo note payable 7,197 7,197 7,554 Deferred financing costs — (6,370 ) (2,267 ) Total debt $ 2,872,727 2,990,383 2,886,034 Debt classified as current (included in other current liabilities) (902,368 ) (900,759 ) Total long-term debt $ 2,088,015 1,985,275

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease Expense and Supplemental Cash Flow Information	The components of lease cost during the three and nine months ended September 30, 2019 were as follows: Three months ended Nine months ended September 30, 2019 September 30, 2019 amounts in thousands Operating lease cost (1) $ 12,806 33,515 Finance lease cost Depreciation of leased assets $ 722 4,321 Interest on lease liabilities 91 908 Total finance lease cost $ 813 5,229 (1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements. The remaining weighted-average lease term and the weighted average discount rate were as follows: Nine months ended September 30, 2019 Weighted-average remaining lease term (years): Finance leases 3.6 Operating leases 4.9 Weighted-average discount rate: Finance leases 5.1 % Operating leases 5.0 % Supplemental cash flow information related to leases was as follows: Nine months ended September 30, 2019 amounts in thousands Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 33,710 Operating cash flows from finance leases $ 983 Financing cash flows from finance leases $ 6,405 ROU assets obtained in exchange for lease obligations Operating leases $ 39,178 Finance leases $ —
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: September 30, 2019 amounts in thousands Operating leases: Operating lease ROU assets, net (1) $ 132,769 Current operating lease liabilities (2) $ 40,638 Operating lease liabilities (3) 88,931 Total operating lease liabilities $ 129,569 Finance Leases: Property and equipment, at cost $ 18,102 Accumulated depreciation (4,574 ) Property and equipment, net $ 13,528 Current obligations under finance leases (4) $ 4,894 Obligations under finance leases 8,614 Total finance lease liabilities $ 13,508 (1) Operating lease ROU assets, net are included within the other assets, net line item in the accompanying condensed consolidated balance sheets. (2) Current operating lease liabilities are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets. (3) Operating lease liabilities are included within the other liabilities line item in the accompanying condensed consolidated balance sheets. (4) Current obligations under finance leases are included within the other current liabilities line item in the accompanying condensed consolidated balance sheets.
Future Lease Payments on Finance Leases	Future lease payments under finance leases, operating leases and tower obligations with initial terms of one year or more at September 30, 2019 consisted of the following: Finance Leases Operating Leases Tower Obligations amounts in thousands Remainder of 2019 $ 1,373 12,059 1,932 2020 5,491 44,512 7,797 2021 4,076 35,435 7,953 2022 1,973 21,683 8,112 2023 678 14,552 8,274 Thereafter 1,734 23,185 142,825 Total lease payments 15,325 151,426 176,893 Less: imputed interest (1,817 ) (21,857 ) (85,247 ) Total lease liabilities $ 13,508 129,569 91,646
Future Lease Payments on Operating Leases	Future lease payments under finance leases, operating leases and tower obligations with initial terms of one year or more at September 30, 2019 consisted of the following: Finance Leases Operating Leases Tower Obligations amounts in thousands Remainder of 2019 $ 1,373 12,059 1,932 2020 5,491 44,512 7,797 2021 4,076 35,435 7,953 2022 1,973 21,683 8,112 2023 678 14,552 8,274 Thereafter 1,734 23,185 142,825 Total lease payments 15,325 151,426 176,893 Less: imputed interest (1,817 ) (21,857 ) (85,247 ) Total lease liabilities $ 13,508 129,569 91,646
Future Lease Payments on Tower Obligation	Future lease payments under finance leases, operating leases and tower obligations with initial terms of one year or more at September 30, 2019 consisted of the following: Finance Leases Operating Leases Tower Obligations amounts in thousands Remainder of 2019 $ 1,373 12,059 1,932 2020 5,491 44,512 7,797 2021 4,076 35,435 7,953 2022 1,973 21,683 8,112 2023 678 14,552 8,274 Thereafter 1,734 23,185 142,825 Total lease payments 15,325 151,426 176,893 Less: imputed interest (1,817 ) (21,857 ) (85,247 ) Total lease liabilities $ 13,508 129,569 91,646

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2019
Variable Interest Entity Disclosures [Abstract]
Summary of Key Terms of NMTC Transactions	The following table summarizes the key terms of each of the NMTC transactions: Financing Arrangement Investment Funds Transaction Date Loan Amount Interest Rate on Loan to Investment Fund Maturity Date US Bancorp Investment Loan to Unicom Interest Rate on Loan(s) to Unicom Expected Put Option Exercise NMTC #2 TIF 2 & TIF 2-USB October 3, 2012 $37.7 million 1% October 2, 2042 $17.5 million $52.0 million 0.71% to 0.77% October 2019 NMTC #3 TIF 3 December 11, 2012 $8.2 million 1% December 10, 2042 $3.8 million $12.0 million 1.35% December 2019 NMTC #4 TIF 4 March 21, 2017 $6.7 million 1% March 21, 2040 $3.3 million $9.8 million 0.73% March 2024 NMTC #5 TIF 5-1 and TIF 5-2 December 22, 2017 $10.4 million 1% December 22, 2047 $5.1 million $14.7 million 0.67% to 1.24% December 2024

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Number and Weighted Average Exercise Price of Awards	The following tables present the number and weighted average exercise price ("WAEP") of Awards to purchase GCI Liberty common stock granted to certain officers, employees and directors of the Company, as well as the weighted average remaining life and aggregate intrinsic value of the Awards. Series A Weighted Aggregate average intrinsic Awards remaining value (000's) WAEP life (millions) Outstanding at January 1, 2019 1,650 $ 47.61 Granted — $ — Exercised (275 ) $ 24.66 Forfeited/Cancelled (49 ) $ 55.65 Outstanding at September 30, 2019 1,326 $ 52.08 1.1 years $ 13 Exercisable at September 30, 2019 1,053 $ 54.02 0.6 years $ 8 Series B Weighted Aggregate average intrinsic Awards remaining value (000's) WAEP life (millions) Outstanding at January 1, 2019 1,223 $ 56.10 Granted 22 $ 58.11 Exercised — $ — Forfeited/Cancelled — $ — Outstanding at September 30, 2019 1,245 $ 56.14 3.3 years $ 8 Exercisable at September 30, 2019 926 $ 56.05 3.7 years $ 6

Information About the Company_2

Information About the Company's Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Revenue by Segment from Contracts with Customers	Revenue by segment from contracts with customers, classified by customer type and significant service offerings follows: Three months ended Nine months ended September 30, September 30, 2019 2018 2019 2018 amounts in thousands GCI Holdings Consumer Revenue Wireless $ 29,509 25,584 84,506 62,312 Data 42,920 39,652 125,555 88,921 Video 21,194 22,272 63,255 50,180 Voice 4,051 4,368 12,833 10,246 Business Revenue Wireless 20,060 18,071 57,837 44,889 Data 69,960 59,585 201,803 154,239 Video 4,115 4,927 11,928 9,436 Voice 6,747 6,361 19,587 14,282 Lease, grant, and revenue from subsidies 22,472 24,226 67,914 55,114 Total GCI Holdings 221,028 205,046 645,218 489,619 Corporate and other 6,016 5,100 17,128 15,221 Total $ 227,044 210,146 662,346 504,840
Components of Adjusted OIBDA	Adjusted OIBDA is summarized as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 amounts in thousands GCI Holdings $ 71,960 57,945 182,552 156,608 Liberty Broadband (4,586 ) (2,198 ) (11,877 ) (414 ) Corporate and other (5,382 ) (7,205 ) (17,199 ) (20,256 ) 61,992 48,542 153,476 135,938 Eliminate Liberty Broadband 4,586 2,198 11,877 414 $ 66,578 50,740 165,353 136,352
Reconciliation of Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations	The following table provides a reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 amounts in thousands Adjusted OIBDA $ 66,578 50,740 165,353 136,352 Stock‑based compensation (5,768 ) (7,761 ) (18,153 ) (20,926 ) Depreciation and amortization (66,466 ) (62,848 ) (200,035 ) (143,257 ) Insurance proceeds and restructuring, net 1,482 — (236 ) — Operating income (loss) (4,174 ) (19,869 ) (53,071 ) (27,831 ) Interest expense (38,353 ) (37,614 ) (116,357 ) (81,304 ) Share of earnings (loss) of affiliates, net 1,921 10,856 (2,443 ) 18,714 Realized and unrealized gains (losses) on financial instruments, net 156,165 495,509 1,844,863 (4,328 ) Tax Sharing Agreement 2,362 2,492 18,895 (25,456 ) Other, net (540 ) (834 ) 13,824 (982 ) Earnings (loss) from continuing operations before income taxes $ 117,381 450,540 1,705,711 (121,187 )
Reconciliation of Assets from Segment to Consolidated	September 30, 2019 Total Investments Capital assets in affiliates expenditures amounts in thousands GCI Holdings $ 3,346,168 580 107,431 Liberty Broadband 12,172,047 12,067,329 75 Corporate and other 7,299,135 168,259 1,202 Eliminate Liberty Broadband (12,172,047 ) (12,067,329 ) (75 ) Consolidated $ 10,645,303 168,839 108,633

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	Mar. 09, 2018	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Liberty Media | Affiliated Entity
Class of Stock [Line Items]
Reimbursable expenses		$ 2.3	$ 2.1	$ 6.8	$ 6
Liberty Ventures | Series A common stock
Class of Stock [Line Items]
Shares redemption ratio	1
Liberty Ventures | Series B common stock
Class of Stock [Line Items]
Shares redemption ratio	1

Acquisition - (Narrative) (Deta

Acquisition - (Narrative) (Details) - USD ($) $ in Thousands	Mar. 09, 2018	Sep. 30, 2018	Sep. 30, 2018
GCI Liberty Inc
Business Acquisition [Line Items]
Net earnings (loss) from continuing operations		$ (40,400)	$ (35,900)
GCI Liberty Inc | HoldCo
Business Acquisition [Line Items]
Acquisition price	$ 1,100,000
Intangible assets subject to amortization	468,737
Acquired goodwill deductible for income tax purposes	$ 170,000
GCI Liberty Inc | HoldCo | Tradename
Business Acquisition [Line Items]
Estimated useful life	10 years
GCI Liberty Inc | HoldCo | Customer relationships
Business Acquisition [Line Items]
Weighted average useful life	16 years
GCI Liberty Inc | HoldCo | Right-to-use
Business Acquisition [Line Items]
Weighted average useful life	8 years

Acquisition - (Preliminary Purc

Acquisition - (Preliminary Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Mar. 09, 2018
Business Acquisition [Line Items]
Goodwill	$ 855,837	$ 855,837
HoldCo | GCI Liberty Inc
Business Acquisition [Line Items]
Cash and cash equivalents including restricted cash			$ 147,957
Receivables			171,014
Property and equipment			1,211,392
Goodwill			966,044
Intangible assets not subject to amortization			572,500
Intangible assets subject to amortization			468,737
Other assets			83,422
Deferred revenue			(92,561)
Debt, including capital leases			(1,707,002)
Other liabilities			(251,692)
Deferred income tax liabilities			(276,683)
Preferred stock			(174,922)
Non-controlling interest			(7,000)
Net assets acquired including goodwill, less noncontrolling interest			$ 1,111,206

Acquisition - (Pro Forma Revenu

Acquisition - (Pro Forma Revenue and Net Earnings) (Details) - HoldCo - GCI Liberty Inc - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018
Business Acquisition [Line Items]
Revenue	$ 220,737	$ 664,287
Net earnings (loss)	327,046	(157,678)
Net earnings (loss) attributable to GCI Liberty shareholders	$ 327,173	$ (157,242)
Basic net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (in dollars per share)	$ 3.04	$ (1.46)
Diluted net earnings (loss) attributable to Series A and Series B GCI Liberty, Inc. shareholders per common share (in dollars per share)	$ 3	$ (1.46)

Earnings Attributable to GCI _3

Earnings Attributable to GCI Liberty Stockholders Per Common Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Basic WASO	104,819	107,631	104,800	107,693
Diluted WASO	105,850	109,061	105,798	107,693
Antidilutive shares excluded from diluted WASO	0	0	0	1,499

Assets and Liabilities Measur_3

Assets and Liabilities Measured at Fair Value - (Schedule of Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	$ 363,026	$ 384,071
Equity securities	2,208,304	1,529,901
Investment in Liberty Broadband	4,467,508	3,074,373
Indemnification obligation	136,833	78,522
Exchangeable senior debentures	579,291	462,336
Exchangeable senior debentures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Exchangeable senior debentures	579,291	462,336
Derivative instrument
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instrument	78,061	20,340
Quoted prices in active markets for identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	363,026	384,071
Equity securities	2,208,304	1,529,901
Investment in Liberty Broadband	4,467,508	3,074,373
Indemnification obligation	0	0
Quoted prices in active markets for identical assets (Level 1) | Exchangeable senior debentures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Exchangeable senior debentures	0	0
Quoted prices in active markets for identical assets (Level 1) | Derivative instrument
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instrument	0	0
Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	0	0
Equity securities	0	0
Investment in Liberty Broadband	0	0
Indemnification obligation	136,833	78,522
Significant other observable inputs (Level 2) | Exchangeable senior debentures
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Exchangeable senior debentures	579,291	462,336
Significant other observable inputs (Level 2) | Derivative instrument
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instrument	$ 78,061	$ 20,340

Assets and Liabilities Measur_4

Assets and Liabilities Measured at Fair Value - (Narrative) (Details) $ / shares in Units, $ in Thousands	Apr. 29, 2019$ / shares$ / unitshares	Jun. 06, 2017$ / shares$ / unitshares	Jun. 30, 2018USD ($)shares	Sep. 30, 2019USD ($)shares	Sep. 30, 2018USD ($)	Mar. 09, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Indemnification payment | $				$ 0	$ 132,725
Exchangeable Senior Debentures | 1.75% Exchangeable Debentures | Indemnification obligation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Indemnity obligation recorded | $						$ 281,300
Exchangeable Senior Debentures | 1.75% Exchangeable Debentures | Indemnification obligation | LI LLC
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Interest rate			1.75%	1.75%
Exchangeable instrument, shares outstanding (in shares) | shares				332,241
Exchangeable Senior Debentures | 1.75% Exchangeable Debentures | Indemnification obligation | LI LLC | Qurate Retail
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of shares repurchased (in shares) | shares			417,759
Value of shares repurchased | $			$ 457,000
Indemnification payment | $			$ 133,000
LendingTree
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of shares purchased (in shares) | shares		450,000
LendingTree | Derivative instrument
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Variable forward contract, term	3 years	2 years
Variable forward contract (in shares) | shares	642,850	642,850
Variable forward contract, closing price (in dollars per share) | $ / shares	$ 376.35	$ 170.70
Variable forward contract, floor price (in dollars per share) | $ / unit	0	128.03
Variable forward contract, cap price (in dollars per share) | $ / unit	254	211.67

Assets and Liabilities Measur_5

Assets and Liabilities Measured at Fair Value - (Schedule of Realized and Unrealized Gains (Losses)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Equity securities	$ 90,770	$ 175,359	$ 683,808	$ (53,681)
Investment in Liberty Broadband	19,207	366,211	1,393,135	(36,706)
Derivative instruments	60,640	(3,223)	(57,721)	69,329
Indemnification obligation	(3,485)	(14,937)	(58,311)	48,671
Exchangeable senior debentures	(10,967)	(27,901)	(116,048)	(31,941)
Realized and unrealized gains (losses) on financial instruments, net	$ 156,165	$ 495,509	$ 1,844,863	$ (4,328)

Investments in Equity Securit_3

Investments in Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt and Equity Securities, FV-NI [Line Items]
Investments in equity securities	$ 2,213,589	$ 1,533,517
Other investments
Debt and Equity Securities, FV-NI [Line Items]
Investments in equity securities	5,285	6,533
Charter
Debt and Equity Securities, FV-NI [Line Items]
Investments in equity securities	$ 2,208,304	$ 1,526,984

Investments in Affiliates Acc_3

Investments in Affiliates Accounted for Using the Equity Method - (Investment in Lending Tree) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Carrying amount	$ 168,839		$ 168,839		$ 177,030
Share of earnings (losses)	$ 1,921	$ 10,856	$ (2,443)	$ 18,714
LendingTree
Schedule of Equity Method Investments [Line Items]
Percentage ownership	26.60%		26.60%
Market value	$ 1,069,118		$ 1,069,118
Carrying amount	166,819		166,819		174,002
Share of earnings (losses)	2,000	$ 10,200	(1,400)	$ 15,500
Other
Schedule of Equity Method Investments [Line Items]
Carrying amount	$ 2,020		$ 2,020		$ 3,028

Investments in Affiliates Acc_4

Investments in Affiliates Accounted for Using the Equity Method - (Investment in Liberty Broadband) (Details) $ / shares in Units, $ in Thousands	May 18, 2016USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)	May 31, 2015$ / shares
Schedule of Equity Method Investments [Line Items]
Investment in affiliates		$ 168,839	$ 177,030
Series A Common Stock | Charter
Schedule of Equity Method Investments [Line Items]
Shares, exchange ratio	1
Liberty Broadband
Schedule of Equity Method Investments [Line Items]
Investment in affiliates		$ 4,467,508	3,074,373
Percentage ownership		23.50%
Liberty Broadband | Series C Non-voting Shares
Schedule of Equity Method Investments [Line Items]
Investment in affiliates	$ 2,400,000
Liberty Broadband | Series C Common Stock
Schedule of Equity Method Investments [Line Items]
Per share price of stock purchased (in dollars per share) | $ / shares				$ 56.23
Charter | Liberty Broadband
Schedule of Equity Method Investments [Line Items]
Investment in affiliates		$ 12,067,329	$ 12,004,376
Payments to acquire investments	$ 5,000,000

Investments in Affiliates Acc_5

Investments in Affiliates Accounted for Using the Equity Method - (Summary of Financial Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investment in affiliates	$ 168,839		$ 168,839		$ 177,030
Realized and unrealized gains (losses) on financial instruments, net	156,165	$ 495,509	1,844,863	$ (4,328)
Liberty Broadband
Schedule of Equity Method Investments [Line Items]
Current assets	94,951		94,951		84,574
Other assets	9,767		9,767		9,487
Total assets	12,172,047		12,172,047		12,098,437
Long-term debt	572,619		572,619		522,928
Deferred income tax liabilities	972,005		972,005		965,829
Other liabilities	15,251		15,251		11,062
Equity	10,612,172		10,612,172		10,598,618
Total liabilities and shareholders' equity	12,172,047		12,172,047		12,098,437
Revenue	3,713	3,518	10,918	18,680
Operating expenses, net	(11,301)	(7,614)	(31,873)	(25,601)
Operating income (loss)	(7,588)	(4,096)	(20,955)	(6,921)
Share of earnings (losses) of affiliates	61,633	84,739	141,882	126,952
Gain (loss) on dilution of investment in affiliate	(11,219)	(3,203)	(68,944)	(35,165)
Realized and unrealized gains (losses) on financial instruments, net	(433)	5,678	(433)	3,659
Other income (expense), net	(5,773)	(5,717)	(17,829)	(16,371)
Income tax benefit (expense)	(9,124)	(17,762)	(8,474)	(17,005)
Net earnings (loss)	27,496	$ 59,639	25,247	$ 55,149
Liberty Broadband | Charter
Schedule of Equity Method Investments [Line Items]
Investment in affiliates	$ 12,067,329		$ 12,067,329		$ 12,004,376

Intangible Assets - (Intangible

Intangible Assets - (Intangibles Subject to Amortization) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 540,097	$ 531,026
Accumulated amortization	(141,054)	(95,020)
Net carrying amount	399,043	436,006
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	408,267	408,267
Accumulated amortization	(85,229)	(55,417)
Net carrying amount	323,038	352,850
Other amortizable intangibles
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	131,830	122,759
Accumulated amortization	(55,825)	(39,603)
Net carrying amount	$ 76,005	$ 83,156

Intangible Assets - (Narrative)

Intangible Assets - (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 15.2	$ 17.1	$ 46.5	$ 38.7

Intangible Assets - (Future Amo

Intangible Assets - (Future Amortization) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Years Ending December 31,
Remainder of 2019	$ 15,448
2020	52,633
2021	42,250
2022	36,496
2023	$ 33,603

Debt - (Summary of Debt) (Detai

Debt - (Summary of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Outstanding Principal	$ 2,872,727
Deferred financing costs	(6,370)	$ (2,267)
Total debt	2,990,383	2,886,034
Debt classified as current (included in other current liabilities)	(902,368)	(900,759)
Total long-term debt	2,088,015	1,985,275
Margin Loan Facility
Debt Instrument [Line Items]
Outstanding Principal	900,000
Carrying value	900,000	900,000
Exchangeable senior debentures
Debt Instrument [Line Items]
Outstanding Principal	477,250
Carrying value	579,291	462,336
Senior notes
Debt Instrument [Line Items]
Outstanding Principal	775,000
Carrying value	796,985	803,287
Senior credit facility
Debt Instrument [Line Items]
Outstanding Principal	713,280
Carrying value	713,280	715,124
Wells Fargo note payable
Debt Instrument [Line Items]
Outstanding Principal	7,197
Carrying value	$ 7,197	$ 7,554

Debt - (Margin Loan) (Details)

Debt - (Margin Loan) (Details) - USD ($)	Oct. 05, 2018	Dec. 29, 2017	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt Instrument [Line Items]
Distributions to Qurate Retail				$ (2,471,000)		$ 1,122,189,000
Repayments of credit facility					$ 334,275,000	$ 88,543,000
Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of credit facility			$ 100,000,000
Broadband Holdco, LLC | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit outstanding balance	$ 200,000,000
Broadband Holdco, LLC | Term Loan Facility
Debt Instrument [Line Items]
Line of credit outstanding balance	$ 800,000,000
Broadband Holdco, LLC | LIBOR
Debt Instrument [Line Items]
Variable interest rate	1.85%
Broadband Holdco, LLC | Series C Common Stock
Debt Instrument [Line Items]
Number of shares pledged as collateral					42,681,842
Value of shares pledged as collateral					$ 4,500,000,000
Broadband Holdco, LLC | Margin Loan Facility
Debt Instrument [Line Items]
Line of credit availability		$ 1,000,000,000
Term of debt		2 years
Undrawn commitment fee		0.75%
Broadband Holdco, LLC | Margin Loan Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit availability	$ 200,000,000
Broadband Holdco, LLC | Margin Loan Facility | LIBOR
Debt Instrument [Line Items]
Variable interest rate		1.85%
Qurate Retail
Debt Instrument [Line Items]
Distributions to Qurate Retail		$ 1,100,000,000

Debt - (Exchangeable Senior Deb

Debt - (Exchangeable Senior Debentures) (Details) - Exchangeable Senior Debentures - 1.75% Exchangeable Debentures - Charter	Jun. 18, 2018$ / sharesshares
Debt Instrument [Line Items]
Interest rate	1.75%
Exchangeable ratio	2.6989
Exchangeable price (in dollars per share) | $ / shares	$ 370.52
Number of shares exchangeable | shares	1,288,051
Redemption price (in dollars per share)	100.00%

Debt - (Senior Notes) (Details)

Debt - (Senior Notes) (Details) - USD ($)	Sep. 30, 2019	Jun. 06, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Debt issued	$ 2,872,727,000
Aggregate outstanding principal	$ 2,990,383,000		$ 2,886,034,000
2021 Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	6.75%
Aggregate outstanding principal	$ 325,000,000
Senior Notes
Debt Instrument [Line Items]
Debt issued	775,000,000
Aggregate unamortized premium	$ 22,000,000
Senior Notes | 2024 Senior Notes
Debt Instrument [Line Items]
Debt issued		$ 325,000,000
Interest rate		6.625%
Senior Notes | 2025 Senior Notes
Debt Instrument [Line Items]
Interest rate	6.875%

Debt - (Senior Credit Facility)

Debt - (Senior Credit Facility) (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Term Loan | Term Loan B
Line of Credit Facility [Line Items]
Line of credit availability	$ 240,700,000
Variable interest rate	2.25%
Principal payments, a percentage of the original principal amount	0.25%
Line of credit outstanding balance	$ 238,300,000
Term Loan | Term Loan A
Line of Credit Facility [Line Items]
Total leverage ratio	6.50
Secured leverage ratio	4
Senior Credit Facility
Line of Credit Facility [Line Items]
Remainder amount available for borrowing	$ 66,900,000
Senior Credit Facility | Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit availability	550,000,000
Line of credit outstanding balance	$ 475,000,000
Senior Credit Facility | Revolving Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Variable interest rate	1.50%
Senior Credit Facility | Revolving Credit Facility | LIBOR | Maximum
Line of Credit Facility [Line Items]
Variable interest rate	2.75%
Senior Credit Facility | Letters of Credit
Line of Credit Facility [Line Items]
Line of credit outstanding balance	$ 8,100,000

Debt - (Wells Fargo Note Payabl

Debt - (Wells Fargo Note Payable) (Details)	9 Months Ended
	Sep. 30, 2019
Wells Fargo Note Payable | LIBOR
Debt Instrument [Line Items]
Variable interest rate	2.25%

Debt - (Fair Value of Debt) (De

Debt - (Fair Value of Debt) (Details) $ in Millions	Sep. 30, 2019USD ($)
Senior Notes
Debt Instrument [Line Items]
Debt, fair value	$ 828.5

Leases - (Narrative) (Details)

Leases - (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net		$ 132,769		$ 107,000
Short-term operating lease liabilities		40,638		28,000
Operating lease liabilities		88,931		$ 79,000
Reduction in finance lease liability		22,500
Gain on lease modification		$ 6,468	$ 0
Operating lease, renewal term		40 years
Option to terminate, term		18 years
Depreciation expense on finance leases	$ 2,200		5,000
Operating expense on finance leases	$ 13,300		$ 30,100
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term (less than)		1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term (less than)		31 years
Assets Held Under Finance Leases
Lessee, Lease, Description [Line Items]
Reduction in fixed assets		$ 16,000

Leases - (Lease Expense) (Detai

Leases - (Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 12,806	$ 33,515
Finance lease cost
Depreciation of leased assets	722	4,321
Interest on lease liabilities	91	908
Total finance lease cost	$ 813	$ 5,229

Leases - (Weighted Average Term

Leases - (Weighted Average Term and Discount Rate) (Details)	Sep. 30, 2019
Leases [Abstract]
Weighted-average remaining lease term, Finance leases	3 years 7 months 6 days
Weighted-average remaining lease term, Operating leases	4 years 10 months 24 days
Weighted-average discount rate, Finance leases	5.10%
Weighted-average discount rate, Operating leases	5.00%

Leases - (Supplemental Balance

Leases - (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
Operating leases:
Operating lease right-of-use assets, net	$ 132,769	$ 107,000
Current operating lease liabilities	40,638	28,000
Operating lease liabilities	88,931	$ 79,000
Total operating lease liabilities	129,569
Finance Leases:
Property and equipment, at cost	18,102
Accumulated depreciation	(4,574)
Property and equipment, net	13,528
Current obligations under finance leases	4,894
Obligations under finance leases	8,614
Total finance lease liabilities	$ 13,508

Leases - (Supplemental Cash Flo

Leases - (Supplemental Cash Flow Information) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 33,710
Operating cash flows from finance leases	983
Financing cash flows from finance leases	6,405
ROU assets obtained in exchange for lease obligations
Operating leases	39,178
Finance leases	$ 0

Leases - (Future Lease Payments

Leases - (Future Lease Payments) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Finance Leases
Remainder of 2019	$ 1,373
2020	5,491
2021	4,076
2022	1,973
2023	678
Thereafter	1,734
Total lease payments	15,325
Less: imputed interest	(1,817)
Total lease liabilities	13,508
Operating Leases
Remainder of 2019	12,059
2020	44,512
2021	35,435
2022	21,683
2023	14,552
Thereafter	23,185
Total lease payments	151,426
Less: imputed interest	(21,857)
Total lease liabilities	129,569
Tower Obligations
Remainder of 2019	1,932
2020	7,797
2021	7,953
2022	8,112
2023	8,274
Thereafter	142,825
Total lease payments	176,893
Less: imputed interest	(85,247)
Total lease liabilities	$ 91,646

Preferred Stock (Details)

Preferred Stock (Details)	Oct. 15, 2019$ / shares	Sep. 16, 2019$ / shares	Jul. 16, 2018	Mar. 08, 2018period$ / shares	Sep. 30, 2019shares
Class of Stock [Line Items]
Preferred stock, shares authorized					42,500,000
Liquidation price per share (in dollars per share) | $ / shares				$ 25
Dividend rate			7.00%	5.00%
Failure to pay cash dividends, number of periods | period				4
Potential increase in dividend rate, over four dividend periods				2.00%
Preferred stock, dividends declared per share (in dollars per share) | $ / shares		$ 0.44
Subsequent Event
Class of Stock [Line Items]
Preferred stock, dividends paid per share (in dollars per share) | $ / shares	$ 0.44
Series A Cumulative Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares authorized					7,500,000
Preferred stock, shares issued					7,211,759
Preferred stock, shares outstanding					7,211,759

Variable Interest Entities - (N

Variable Interest Entities - (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Restricted cash	$ 736	$ 775
Primary Beneficiary
Variable Interest Entity [Line Items]
Tax credit percentage	39.00%
Restricted cash	$ 700
Percentage of recapture	100.00%
Recapture period	7 years
Assets	$ 89,000
Liabilities	$ 63,000

Variable Interest Entities - (S

Variable Interest Entities - (Summary of Key Terms of NMTC Transactions) (Details) - Primary Beneficiary $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
NMTC 2
Variable Interest Entity [Line Items]
Loans to VIE	$ 37.7
Interest rate percentage	1.00%
NMTC 2 | US Bancorp
Variable Interest Entity [Line Items]
Amount to other entity	$ 17.5
NMTC 2 | Unicom
Variable Interest Entity [Line Items]
Amount to other entity	$ 52
NMTC 2 | Unicom | Minimum
Variable Interest Entity [Line Items]
Interest rate percentage	0.71%
NMTC 2 | Unicom | Maximum
Variable Interest Entity [Line Items]
Interest rate percentage	0.77%
NMTC 3
Variable Interest Entity [Line Items]
Loans to VIE	$ 8.2
Interest rate percentage	1.00%
NMTC 3 | US Bancorp
Variable Interest Entity [Line Items]
Amount to other entity	$ 3.8
NMTC 3 | Unicom
Variable Interest Entity [Line Items]
Interest rate percentage	1.35%
Amount to other entity	$ 12
NMTC 4
Variable Interest Entity [Line Items]
Loans to VIE	$ 6.7
Interest rate percentage	1.00%
NMTC 4 | US Bancorp
Variable Interest Entity [Line Items]
Amount to other entity	$ 3.3
NMTC 4 | Unicom
Variable Interest Entity [Line Items]
Interest rate percentage	0.73%
Amount to other entity	$ 9.8
NMTC 5
Variable Interest Entity [Line Items]
Loans to VIE	$ 10.4
Interest rate percentage	1.00%
NMTC 5 | US Bancorp
Variable Interest Entity [Line Items]
Amount to other entity	$ 5.1
NMTC 5 | Unicom
Variable Interest Entity [Line Items]
Amount to other entity	$ 14.7
NMTC 5 | Unicom | Minimum
Variable Interest Entity [Line Items]
Interest rate percentage	0.67%
NMTC 5 | Unicom | Maximum
Variable Interest Entity [Line Items]
Interest rate percentage	1.24%

Stock-Based Compensation - (Nar

Stock-Based Compensation - (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 5,768	$ 7,761	$ 18,153	$ 20,926
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend rate used			0.00%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding units (in shares)	485		485
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested options	$ 4,000		$ 4,000
Weighted average period for compensation cost to be recognized			1 year 4 months 24 days
RSA/RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested restricted shares	$ 20,000		$ 20,000
Weighted average period for compensation cost to be recognized			2 years 6 months
Series B common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted (in shares)			22
Shares reserved for issuance upon exercise (in shares)	1,200		1,200
Series A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted (in shares)			0
Shares reserved for issuance upon exercise (in shares)	1,300		1,300
CEO | Series B common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted (in shares)			22
Options, weighted average GDFV (in dollars per share)			$ 18.27
CEO | Series B common stock | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (in shares)			51
Granted shares, weighted average GDFV (in dollars per share)			$ 53.78
Award vesting period			1 year

Stock-Based Compensation - (Sch

Stock-Based Compensation - (Schedule of Outstanding Awards) (Details) $ / shares in Units, shares in Thousands, $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Series A common stock
Awards
Outstanding at beginning of period (in shares) | shares	1,650
Granted (in shares) | shares	0
Exercised (in shares) | shares	(275)
Forfeited/Cancelled (in shares) | shares	(49)
Outstanding at end of period (in shares) | shares	1,326
Exercisable at end of period (in shares) | shares	1,053
WAEP
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 47.61
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	24.66
Forfeited/Cancelled (in dollars per share) | $ / shares	55.65
Outstanding at end of period (in dollars per share) | $ / shares	52.08
Exercisable at end of period (in dollars per share) | $ / shares	$ 54.02
Weighted average remaining life
Outstanding at end of period	1 year 1 month 6 days
Exercisable at end of period	7 months 6 days
Aggregate intrinsic value
Outstanding at end of period | $	$ 13
Exercisable at end of period | $	$ 8
Series B common stock
Awards
Outstanding at beginning of period (in shares) | shares	1,223
Granted (in shares) | shares	22
Exercised (in shares) | shares	0
Forfeited/Cancelled (in shares) | shares	0
Outstanding at end of period (in shares) | shares	1,245
Exercisable at end of period (in shares) | shares	926
WAEP
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 56.10
Granted (in dollars per share) | $ / shares	58.11
Exercised (in dollars per share) | $ / shares	0
Forfeited/Cancelled (in dollars per share) | $ / shares	0
Outstanding at end of period (in dollars per share) | $ / shares	56.14
Exercisable at end of period (in dollars per share) | $ / shares	$ 56.05
Weighted average remaining life
Outstanding at end of period	3 years 3 months 18 days
Exercisable at end of period	3 years 8 months 12 days
Aggregate intrinsic value
Outstanding at end of period | $	$ 8
Exercisable at end of period | $	$ 6

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)contract	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Loss Contingencies [Line Items]
Accounts receivable		$ 190,779	$ 182,600
Allowance for doubtful accounts		$ 18,248	$ 7,555
GCI Holdings | Customer
Loss Contingencies [Line Items]
Number of service contracts that got denied funding | contract	2
Accounts receivable	$ 21,300
Allowance for doubtful accounts	21,300
Bad debt expense	$ 21,300

Information About the Company_3

Information About the Company's Operating Segments - (Performance Measures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Total revenue	$ 227,044	$ 210,146	$ 662,346	$ 504,840
GCI Holdings
Segment Reporting Information [Line Items]
Total revenue	221,028	205,046	645,218	489,619
GCI Holdings | Lease, grant, and revenue from subsidies
Segment Reporting Information [Line Items]
Total revenue	22,472	24,226	67,914	55,114
GCI Holdings | Consumer Revenue | Wireless
Segment Reporting Information [Line Items]
Revenue from contracts with customers	29,509	25,584	84,506	62,312
GCI Holdings | Consumer Revenue | Data
Segment Reporting Information [Line Items]
Revenue from contracts with customers	42,920	39,652	125,555	88,921
GCI Holdings | Consumer Revenue | Video
Segment Reporting Information [Line Items]
Revenue from contracts with customers	21,194	22,272	63,255	50,180
GCI Holdings | Consumer Revenue | Voice
Segment Reporting Information [Line Items]
Revenue from contracts with customers	4,051	4,368	12,833	10,246
GCI Holdings | Business Revenue | Wireless
Segment Reporting Information [Line Items]
Revenue from contracts with customers	20,060	18,071	57,837	44,889
GCI Holdings | Business Revenue | Data
Segment Reporting Information [Line Items]
Revenue from contracts with customers	69,960	59,585	201,803	154,239
GCI Holdings | Business Revenue | Video
Segment Reporting Information [Line Items]
Revenue from contracts with customers	4,115	4,927	11,928	9,436
GCI Holdings | Business Revenue | Voice
Segment Reporting Information [Line Items]
Revenue from contracts with customers	6,747	6,361	19,587	14,282
Corporate and other
Segment Reporting Information [Line Items]
Total revenue	$ 6,016	$ 5,100	$ 17,128	$ 15,221

Information About the Company_4

Information About the Company's Operating Segments - (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Receivables	$ 216,000		$ 216,000
Deferred revenue	38,000		38,000
Liberty Broadband
Segment Reporting Information [Line Items]
Revenue	$ 3,713	$ 3,518	$ 10,918	$ 18,680

Information About the Company_5

Information About the Company's Operating Segments - (Remaining Performance Obligation) (Details) $ in Millions	Sep. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 63
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 233
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 164
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 112
Revenue, remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation	$ 97
Revenue, remaining performance obligation, period	1 year

Information About the Company_6

Information About the Company's Operating Segments - (Adjusted OIBDA) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Adjusted OIBDA	$ 66,578	$ 50,740	$ 165,353	$ 136,352
Operating Segments
Segment Reporting Information [Line Items]
Adjusted OIBDA	61,992	48,542	153,476	135,938
Operating Segments | GCI Holdings
Segment Reporting Information [Line Items]
Adjusted OIBDA	71,960	57,945	182,552	156,608
Operating Segments | Liberty Broadband
Segment Reporting Information [Line Items]
Adjusted OIBDA	(4,586)	(2,198)	(11,877)	(414)
Operating Segments | Corporate and other
Segment Reporting Information [Line Items]
Adjusted OIBDA	(5,382)	(7,205)	(17,199)	(20,256)
Consolidation, Eliminations
Segment Reporting Information [Line Items]
Adjusted OIBDA	$ 4,586	$ 2,198	$ 11,877	$ 414

Information About the Company_7

Information About the Company's Operating Segments - (Other Information) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 10,645,303	$ 8,660,822
Investment in affiliates	168,839	$ 177,030
Capital expenditures	108,633
Operating Segments | GCI Holdings
Segment Reporting Information [Line Items]
Total assets	3,346,168
Investment in affiliates	580
Capital expenditures	107,431
Operating Segments | Liberty Broadband
Segment Reporting Information [Line Items]
Total assets	12,172,047
Investment in affiliates	12,067,329
Capital expenditures	75
Operating Segments | Corporate and other
Segment Reporting Information [Line Items]
Total assets	7,299,135
Investment in affiliates	168,259
Capital expenditures	1,202
Consolidation, Eliminations
Segment Reporting Information [Line Items]
Total assets	(12,172,047)
Investment in affiliates	(12,067,329)
Capital expenditures	$ (75)

Information About the Company_8

Information About the Company's Operating Segments - (Reconciliation of Segment Adjusted OIBDA to Operating Income and Earnings (Loss) from Continuing Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting [Abstract]
Adjusted OIBDA	$ 66,578	$ 50,740	$ 165,353	$ 136,352
Stock‑based compensation	(5,768)	(7,761)	(18,153)	(20,926)
Depreciation and amortization	(66,466)	(62,848)	(200,035)	(143,257)
Insurance proceeds and restructuring, net	1,482	0	(236)	0
Operating income (loss)	(4,174)	(19,869)	(53,071)	(27,831)
Interest expense	(38,353)	(37,614)	(116,357)	(81,304)
Share of earnings (loss) of affiliates, net	1,921	10,856	(2,443)	18,714
Realized and unrealized gains (losses) on financial instruments, net	156,165	495,509	1,844,863	(4,328)
Tax Sharing Agreement	2,362	2,492	18,895	(25,456)
Other, net	(540)	(834)	13,824	(982)
Earnings (loss) before income taxes	$ 117,381	$ 450,540	$ 1,705,711	$ (121,187)

Uncategorized Items - glib10q9-

Label	Element	Value
Cash and Cash Equivalents, at Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	$ 410,130,000
Cash and Cash Equivalents, at Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	$ 491,257,000