Company Quick10K Filing
GCI Liberty
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 106 $6,475
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-02 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-03-03 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-05 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-26 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-Q 2013-05-03 Quarter: 2013-03-31
10-K 2013-03-08 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-06 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2012-03-08
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-12 Annual: 2009-12-31
8-K 2019-12-13 Officers, Exhibits
8-K 2019-12-06 Regulation FD, Exhibits
8-K 2019-11-25 Off-BS Arrangement, Other Events
8-K 2019-11-11 Earnings, Exhibits
8-K 2019-10-21 Regulation FD, Exhibits
8-K 2019-09-20 Officers
8-K 2019-09-16 Regulation FD, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-07-12 Regulation FD, Exhibits
8-K 2019-06-29 Officers
8-K 2019-06-24 Officers, Shareholder Vote
8-K 2019-06-11 Regulation FD, Exhibits
8-K 2019-06-06 Regulation FD, Exhibits
8-K 2019-06-03 Regulation FD, Exhibits
8-K 2019-05-07 Earnings, Regulation FD, Exhibits
8-K 2019-04-09 Regulation FD, Exhibits
8-K 2019-03-08 Regulation FD, Exhibits
8-K 2019-02-28 Earnings, Regulation FD, Exhibits
8-K 2019-01-28 Regulation FD, Exhibits
8-K 2018-12-27 Off-BS Arrangement
8-K 2018-12-10 Officers, Regulation FD, Exhibits
8-K 2018-11-08 Earnings, Exhibits
8-K 2018-10-12 Regulation FD, Exhibits
8-K 2018-10-08 Regulation FD, Exhibits
8-K 2018-10-05 Off-BS Arrangement, Other Events
8-K 2018-09-19 Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-07-06 Regulation FD, Exhibits
8-K 2018-06-25 Shareholder Vote
8-K 2018-06-21 Regulation FD, Exhibits
8-K 2018-06-18 Regulation FD, Exhibits
8-K 2018-06-12 Regulation FD, Exhibits
8-K 2018-05-25 Regulation FD, Exhibits
8-K 2018-05-10 Off-BS Arrangement, Shareholder Rights, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2018-05-07 Regulation FD, Exhibits
8-K 2018-05-07 Earnings, Shareholder Vote, Exhibits
8-K 2018-04-10 Regulation FD, Exhibits
8-K 2018-04-03 Regulation FD, Exhibits
8-K 2018-03-08 Enter Agreement, Leave Agreement, M&A, Off-BS Arrangement, Off-BS Arrangement, Accountant, Control, Exhibits
8-K 2018-03-08 Shareholder Rights, Other Events, Exhibits
8-K 2018-03-08 Other Events, Exhibits
8-K 2018-03-07 Other Events, Exhibits
8-K 2018-02-27 Earnings, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-02-26 Other Events, Exhibits
8-K 2018-02-20 Shareholder Rights, Other Events, Exhibits
8-K 2018-02-02 Suspend Trading, Shareholder Vote, Other Events, Exhibits

GCI Liberty Financials

GLIBA Metrics, Comps, Filings

Annual | Quarterly

Business

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 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 ("IRS") 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.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Mobile Telesystems Pjsc (MBT) 7,927 0% 915,993 0 0 0 0 7,927
Zayo Group Holdings (ZAYO) 7,927 64% 11.4 2% 9,335 7,993 2,578 1,663 150 1,194 13,622
GCI Liberty (GLIBA) 6,475 0% 6.0 7% 10,569 5,152 880 0 738 1,494 9,024
Ciena (CIEN) 6,299 43% 12.3 6% 3,776 1,656 3,504 1,520 237 452 5,574
PLDT (PHI) 4,643 0% 482,750 366,084 0 0 0 0 -1,339
J2 Global (JCOM) 4,213 83% 13.5 5% 2,810 1,738 1,261 1,045 146 396 5,357
United States Cellular (USM) 4,202 0% 16.7 2% 8,223 4,061 3,974 0 148 315 5,266
VEON (VEON) 4,146 0% 14,102 0 0 0 0 3,390
Lumentum Holdings (LITE) 3,899 27% 28.9 -1% 2,717 1,220 1,565 426 -36 120 3,466
Kt (KT) 3,528 0% 32,474,120 17,815,630 0 0 0 0 -20,442
Enersys (ENS) 2,906 25% 12.5 5% 3,182 1,886 2,917 729 163 289 3,622
Intelsat (I) 2,898 0% -4.6 -30% 12,242 16,339 2,203 0 -3,651 -3,651 16,708
Iridium Communications (IRDM) 2,802 0% 7.0 -1% 3,917 2,344 546 0 -57 349 2,432
Vonage Holdings (VG) 2,797 59% 36.1 0% 1,355 797 1,112 655 7 84 3,047
Cogent Communications Holdings (CCOI) 2,751 59% 14.1 2% 949 1,126 531 312 16 166 2,342
CommScope (CTV) 2,562 30% 14.8 2% 3,909 2,238 1,660 501 95 219 3,236
Belden (BDC) 2,361 39% 8.8 5% 3,823 2,395 2,536 986 197 401 3,524
Anixter (AXE) 2,341 20% 9.1 4% 4,911 3,213 8,669 1,723 192 403 3,659
WESCO (WCC) 2,213 19% 8.2 5% 5,068 2,933 8,190 1,579 231 428 3,526
ESCO (ESE) 2,087 37% 15.0 6% 1,326 514 807 301 85 151 2,266

Balance Sheet ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash3145152719161
Accounts Receivable147226208205215185199
Inventory121017111213
PP&E9331,0571,1121,0941,1621,1551,185
Assets1,5072,0122,0581,9822,0662,0948,661
Accounts Payable526577637354
Long-Term Debt8801,0501,0391,3721,3741,4162,875
Liabilities1,3171,5541,5911,8632,0132,0474,354
Stockholders' Equity157157167882394,297
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue71029605934919740
Cost of Revenue250280303322303
Gross Profit466531607656631
R&D
SG&A243271294338358371348
Tax121110-25-41-183
Net Income93259-26-4-25-874
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating15316025825420018783
Cash Investing-169-266-202-189-227-221-32
Cash Financing11127-86-542031-133