Disposals |
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| Disposals [Abstract] | Ìý | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disposals |
(4)ÌýÌýÌýDisposals On March 9, 2018, jvidÊÓƵ completed the GCI Liberty Split-Off. At the time of the GCI Liberty Split-Off, GCI Liberty was comprised of, among other things, GCI Liberty’s legacy business, jvidÊÓƵ’s former interest in Liberty Broadband, Charter and LendingTree, and jvidÊÓƵ’s former wholly-owned subsidiary Evite. jvidÊÓƵ viewed Liberty Broadband, LendingTree and Evite as separate components and evaluated them separately for discontinued operations presentation. As jvidÊÓƵ’s former interest in Charter was accounted for as an available for sale investment it did not meet the definition of a component for discontinued operation presentation. The disposition of Liberty Broadband was considered significant to the overall financials and therefore was considered to be a strategic shift.ÌýÌýAccordingly, the accompanying condensed consolidated financial statements of jvidÊÓƵ have been prepared to reflect jvidÊÓƵ’s interest in Liberty Broadband as a discontinued operation. The disposition of LendingTree and Evite as part of the GCI Liberty Split-Off does not have a major effect on jvidÊÓƵ’s historical or future results. Therefore, the disposition of LendingTree and Evite was not considered a strategic shift in jvidÊÓƵ’s operations. Accordingly, LendingTree and Evite are not presented as discontinued operations in the accompanying condensed consolidated financial statements of jvidÊÓƵ. LendingTree and Evite are included in the Corporate and other segment through March 8, 2018.Ìý Included in revenue in the accompanying condensed consolidated statements of operations is zero dollars and $6 million for the three months ended SeptemberÌý30,Ìý2018 and 2017, respectively, and $3 million and $16 million for the nine months ended SeptemberÌý30, 2018 and 2017, respectively, related to Evite. Included in net earnings (loss) in the accompanying condensed consolidated statements of operations are losses of zero dollars and less than a million dollars for the three months ended SeptemberÌý30,Ìý2018 and 2017, respectively, and losses of $2 million and $3 million for the nine months ended SeptemberÌý30,Ìý2018 and 2017, respectively, related to Evite.Ìý Included in total assets in the accompanying condensed consolidated balance sheets as of December 31, 2017 is $43 million related to Evite. Included in net earnings (loss) in the accompanying condensed consolidated statements of operations are earnings of zero dollars and $1 million for the three months ended SeptemberÌý30, 2018 and 2017, respectively, and less than a million dollars and $4 million for the nine months ended SeptemberÌý30,Ìý2018 and 2017, respectively, related to LendingTree. Included in total assets in the accompanying condensed consolidated balance sheets as of December 31, 2017 is $115 million related to LendingTree. Certain financial information for the Company’s investment in Liberty Broadband, which is included in the discontinued operations line items of the condensed consolidated jvidÊÓƵ balance sheets as of December 31, 2017 is as follows:
Ìý Certain financial information for the Company’s investment in Liberty Broadband, which is included in earnings (loss) from discontinued operations is as follows:
Ìý The impact from discontinued operations on basic and diluted earnings (loss) per share is as follows:
Ìý Prior to the GCI Liberty Split-Off, jvidÊÓƵ accounted for the investment in Liberty Broadband at its fair value. Accordingly, Liberty Broadband’s assets, liabilities and results of operations were not included in jvidÊÓƵ’s consolidated financial statements. Summary financial information for Liberty Broadband for the periods prior to the GCI Liberty Split-Off is as follows:
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