v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Condensed Consolidated Statements of Operations        
Revenue $ 267 $ 257 $ 784 $ 784
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization) $ 136 $ 131 $ 405 $ 384
Selling, general and administrative expense (including stock-based compensation) 36 36 110 96
Depreciation and amortization 58 53 166 158
Impairment of goodwill and intangible assets   525   525
Acquisition costs 1   8  
Total operating costs and expenses 231 745 689 1,163
Operating income (loss) 36 (488) 95 (379)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (14) (12) (34) (34)
Interest and dividend income 9 1 18 3
Other, net 6 2 7 3
Total other income (expense) 1 (9) (9) (28)
Earnings (loss) before income taxes 37 (497) 86 (407)
Income tax benefit (expense) (10) 110 (25) 82
Net earnings (loss) $ 27 $ (387) $ 61 $ (325)
Basic net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2) $ 0.68 $ (13.34) $ 1.53 $ (11.21)
Diluted net earnings (loss) attributable to Series A, Series B and Series C GCI Group shareholders per common share (note 2) $ 0.68 $ (13.34) $ 1.53 $ (11.21)