v3.25.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Summary of Significant Accounting Policies    
Schedule of activity in the allowance for credit losses  

A summary of activity in the allowance for credit losses for the years ended December 31, 2024 and 2023 is as follows (amounts in millions):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Additions

​

Deductions

​

​

 

​

​

Balance at

​

Charged to

​

​

​

Balance at

 

​

    

beginning of

    

costs and

    

Write-offs net

    

end of

 

​

​

year

​

expenses

​

of recoveries

​

year

 

2024

​

$

5

​

4

​

(5)

 

4

​

2023

​

$

4

​

5

​

(4)

 

5

​

Schedule of Net property and equipment  

​

​

​

​

​

​

​

​

​

    

December 31, 

 

​

​

2024

    

2023

 

​

​

amounts in millions

 

Land

​

$

13

 

16

​

Buildings (25 years)

​

​

114

​

108

​

Telephony transmission equipment and distribution facilities (5-20 years)

​

 

899

 

832

​

Cable transmission equipment and distribution facilities (5-30 years)

​

 

156

 

118

​

Support equipment and systems (3-20 years)

​

 

128

 

112

​

Fiber optic cable systems (15-25 years)

​

 

130

 

128

​

Other (2-20 years)

​

 

87

 

72

​

Construction in progress

​

 

302

 

197

​

​

​

 

1,829

 

1,583

​

Accumulated depreciation

​

 

(679)

 

(530)

​

Property and equipment, net

​

$

1,150

 

1,053

​

Schedule of asset retirement obligations   The asset retirement obligation is in Other liabilities in the combined balance sheets. Following is a reconciliation of the beginning and ending aggregate carrying amounts of the liability for asset retirement obligations (amounts in millions):

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​

​

​

​

Balance at December 31, 2022

    

$

81

Liability incurred

​

​

1

Accretion expense

​

​

2

Liability settled

​

​

—

Balance at December 31, 2023

​

​

84

Liability incurred

​

​

1

Accretion expense

​

​

3

Liability settled

​

​

—

Balance at December 31, 2024

​

$

88

Summary of revenue from contracts with customers

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Nine months ended

​

​

September 30, 

​

September 30, 

​

    

2025

    

2024

    

2025

    

2024

​

​

amounts in millions

GCI Holdings

​

​

  

​

​

​

  

​

​

Consumer Revenue

​

​

  

​

​

​

  

​

​

Data

​

$

59

​

62

​

180

​

186

Wireless

​

​

35

​

35

​

104

​

105

Other

​

 

4

​

12

​

22

​

32

Business Revenue

​

 

​

​

​

​

​

​

​

Data

​

 

124

​

122

​

375

​

333

Wireless

​

 

8

​

10

​

24

​

31

Other

​

 

3

​

3

​

8

​

9

Lease, grant, and revenue from subsidies

​

 

24

​

18

​

71

​

57

Total

​

$

257

​

262

​

784

​

753

​

​

​

​

​

​

​

​

​

​

Years ended December 31,

​

​

    

2024

    

2023

​

​

​

amounts in millions

GCI Holdings

​

​

  

​

​

​

Consumer Revenue

​

​

  

​

​

​

Data

​

$

246

​

245

​

Wireless

​

​

142

​

145

​

Other

​

 

44

​

45

​

Business Revenue

​

 

​

​

​

​

Data

​

 

457

​

412

​

Wireless

​

 

40

​

43

​

Other

​

 

11

​

14

​

Lease, grant, and revenue from subsidies

​

 

76

​

77

​

Total

​

$

1,016

​

981

​

Schedule of Pro Forma Earnings per Share  

​

​

​

​

​

​

​

    

Year ended December 31, 

 

​

​

2024

 

​

​

amounts in millions, except
per share amounts

 

Net earnings (loss)

​

$

70

​

Pro Forma shares outstanding

​

 

28.7

​

Unaudited pro forma net earnings (loss) per share

​

$

2.44

​