GCI Liberty Inc. (GLIBA) financial statements: income statement, balance sheet and cash flow

GCI Liberty Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), GCI Liberty Inc. reported revenue of $1.0B and net income of ($309.0M).

Income statement

GCI Liberty Inc. income statement, fiscal years

Line item	Dec 31, 2025 · FY
Revenue	$1.0B
Operating expense (exclusive of depreciation and amortization)	$523.0M
Selling, general and administrative expense (including stock-based compensation)	$133.0M
Depreciation and amortization	$212.0M
Impairment of goodwill and intangible assets (note 4)	$525.0M
Cost and expenses	$1.4B
Operating income (loss)	($347.0M)
Interest expense (including amortization of deferred loan fees)	($45.0M)
Other, net	$6.0M
Total other income (expense)	($39.0M)
Earnings (loss) before income taxes	($386.0M)
Income tax benefit (expense)	$77.0M
Net earnings (loss)	($309.0M)
Basic net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2)	-$9.97
Diluted net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2)	-$9.97

GCI Liberty Inc. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenue	$261.0M	$256.0M	$257.0M	$261.0M
Operating expense (exclusive of depreciation and amortization)	$137.0M	$132.0M	$131.0M	$128.0M
Selling, general and administrative expense (including stock-based compensation)	$35.0M	$39.0M	$36.0M	$30.0M
Depreciation and amortization	$56.0M	$52.0M	$53.0M	$52.0M
Acquisition costs	$4.0M	$3.0M	—	—
Total operating costs and expenses	$232.0M	$226.0M	$745.0M	$210.0M
Operating income (loss)	$29.0M	$30.0M	($488.0M)	$51.0M
Interest expense (including amortization of deferred loan fees)	($12.0M)	($8.0M)	($12.0M)	($12.0M)
Other, net	$6.0M	$4.0M	$3.0M	$2.0M
Total other income (expense)	($6.0M)	($4.0M)	($9.0M)	($10.0M)
Earnings (loss) before income taxes	$23.0M	$26.0M	($497.0M)	$41.0M
Income tax benefit (expense)	($7.0M)	($8.0M)	$110.0M	($14.0M)
Net earnings (loss)	$16.0M	$18.0M	($387.0M)	$27.0M
Basic net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2)	$0.40	$0.45	-$13.34	—
Diluted net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2)	$0.40	$0.45	-$13.34	—

Balance sheet

GCI Liberty Inc. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY
Cash and cash equivalents	$416.0M
Trade and other receivables, net	$141.0M
Prepaid and other current assets	$58.0M
Total current assets	$615.0M
Property and equipment, net (note 2)	$1.3B
Goodwill	$638.0M
Indefinite lived intangible assets (excluding goodwill)	$174.0M
Total Intangible assets not subject to amortization	$812.0M
Intangible assets subject to amortization, net (note 4)	$372.0M
Deferred income tax assets (note 7)	$31.0M
Other assets, net	$147.0M
Total assets	$3.2B
Accounts payable and accrued liabilities	$123.0M
Deferred revenue	$23.0M
Current portion of debt (note 5)	$4.0M
Other current liabilities	$46.0M
Total current liabilities	$196.0M
Long-term debt, net (note 5)	$979.0M
Obligations under tower obligations and finance leases (note 6)	$69.0M
Long-term deferred revenue	$130.0M
Other liabilities	$154.0M
Total liabilities	$1.5B
Redeemable noncontrolling interest in equity of subsidiary (note 8)	$18.0M
Additional paid-in capital	$2.4B
Retained earnings (deficit)	($672.0M)
Total equity	$1.7B
Total liabilities and equity	$3.2B

GCI Liberty Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$497.0M	$435.0M	$124.0M	$104.0M
Trade and other receivables, net of allowance for credit losses of $4 and $4, respectively	$131.0M	$141.0M	$136.0M	$124.0M
Prepaid and other current assets	$60.0M	$62.0M	$47.0M	$48.0M
Total current assets	$688.0M	$638.0M	$405.0M	$276.0M
Property and equipment, net	$1.3B	$1.3B	$1.2B	$1.2B
Goodwill	$648.0M	$638.0M	$638.0M	$746.0M
Indefinite lived intangible assets (excluding goodwill)	$174.0M	$174.0M	$174.0M	$591.0M
Total Intangible assets not subject to amortization	$822.0M	$812.0M	$812.0M	$1.3B
Intangible assets subject to amortization, net (note 4)	$355.0M	$364.0M	$380.0M	$392.0M
Deferred income tax assets	$21.0M	$25.0M	—	—
Other assets, net	$320.0M	$146.0M	$205.0M	$165.0M
Total assets	$3.5B	$3.3B	$3.0B	$3.4B
Accounts payable and accrued liabilities	$127.0M	$122.0M	$125.0M	$98.0M
Deferred revenue	$24.0M	$23.0M	$23.0M	$24.0M
Current portion of debt (note 5)	$7.0M	$4.0M	$4.0M	$4.0M
Other current liabilities	$46.0M	$44.0M	$59.0M	$68.0M
Total current liabilities	$204.0M	$193.0M	$302.0M	$194.0M
Long-term debt, net (note 5)	$1.2B	$977.0M	$981.0M	$983.0M
Obligations under tower obligations	$61.0M	$63.0M	—	—
Long-term deferred revenue	$131.0M	$128.0M	$130.0M	$130.0M
Other liabilities	$170.0M	$160.0M	$139.0M	$129.0M
Total liabilities	$1.8B	$1.5B	$1.6B	$1.9B
Redeemable noncontrolling interest in equity of subsidiary	$18.0M	$18.0M	$18.0M	$18.0M
Additional paid-in capital	$2.4B	$2.4B	$2.1B	—
Retained earnings (deficit)	($638.0M)	($654.0M)	($688.0M)	($301.0M)
Total equity	$1.7B	$1.7B	$1.4B	$1.5B
Total liabilities and equity	$3.5B	$3.3B	$3.0B	$3.4B

Cash flow statement

GCI Liberty Inc. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY
Net earnings (loss)	($309.0M)
Depreciation and amortization	$212.0M
Stock-based compensation	$13.0M
Impairment of goodwill and intangible assets	$525.0M
Deferred income tax expense (benefit)	($391.0M)
Non-cash changes in taxes payable	$206.0M
State indemnification received from Liberty Broadband	$91.0M
Amortization of right-of-use assets	$50.0M
Other, net	($4.0M)
Decrease (increase) in accounts receivable	$38.0M
Decrease (increase) in other assets	($3.0M)
(Decrease) increase in operating lease liabilities	($51.0M)
(Decrease) increase in other liabilities	($7.0M)
Net cash provided by (used in) operating activities	$370.0M
Capital expenditures	($248.0M)
Grant proceeds received for capital expenditures	$24.0M
Other investing activities, net	$6.0M
Net cash provided by (used in) investing activities	($218.0M)
Borrowings of debt	$691.0M
Repayment of debt, tower obligations and finance leases	($779.0M)
Proceeds from rights offering, net	$299.0M
Other financing activities, net	($9.0M)
Net cash provided by (used in) financing activities	$202.0M
Net increase (decrease) in cash, cash equivalents and restricted cash	$354.0M
Cash, cash equivalents and restricted cash, beginning of period	$75.0M
Cash, cash equivalents and restricted cash, end of period	$429.0M

GCI Liberty Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings (loss)	$34.0M	$18.0M	($325.0M)	$62.0M
Depreciation and amortization	$108.0M	$52.0M	$158.0M	$105.0M
Stock-based compensation	$15.0M	$8.0M	$9.0M	$7.0M
Deferred income tax expense (benefit)	$14.0M	$8.0M	($399.0M)	($6.0M)
Other, net	($2.0M)	($1.0M)	($3.0M)	($2.0M)
Decrease (increase) in accounts receivable	$11.0M	—	—	—
Amortization of right-of-use asset	$24.0M	$12.0M	—	—
Decrease (increase) in other assets	($9.0M)	($8.0M)	—	—
(Decrease) increase in operating lease liabilities	($25.0M)	($12.0M)	—	—
(Decrease) increase in payables and other liabilities	($6.0M)	$1.0M	—	—
Net cash provided by (used in) operating activities	$164.0M	$78.0M	$302.0M	$226.0M
Cash paid for acquisitions, net of cash acquired	($11.0M)	—	—	—
Loan to Quintillion (note 1)	($160.0M)	—	—	—
Capital expenditures	($130.0M)	($56.0M)	($174.0M)	($119.0M)
Grant proceeds received for capital expenditures	$5.0M	$1.0M	$22.0M	$19.0M
Purchase of investments	($107.0M)	—	—	—
Sale of investments	$107.0M	—	—	—
Net cash provided by (used in) investing activities	($296.0M)	($55.0M)	($146.0M)	($94.0M)
Borrowings of debt	$464.0M	—	$691.0M	$691.0M
Repayment of debt and tower obligations	($244.0M)	($2.0M)	—	—
Other financing activities, net	($7.0M)	($2.0M)	($7.0M)	($6.0M)
Net cash provided by (used in) financing activities	$213.0M	($4.0M)	($94.0M)	($90.0M)
Net increase (decrease) in cash, cash equivalents and restricted cash	$81.0M	$19.0M	$62.0M	$42.0M
Cash, cash equivalents and restricted cash, beginning of period	$429.0M	$429.0M	$75.0M	$75.0M
Cash, cash equivalents and restricted cash, end of period	$510.0M	$448.0M	$137.0M	$117.0M

GCI Liberty Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.