GCI Liberty, Inc. reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of $233,490,000 compared to $6,177,000 a year ago. Operating loss was $593,000 compared to $11,617,000 a year ago. Loss before income taxes was $455,886,000 compared to profit of $50,968,000 a year ago. Net loss attributable to company shareholders was $303,326,000 compared to profit of $31,602,000 a year ago. Basic and diluted net loss attributable to class a and class b company shareholders per common share was $2.82 compared to earnings of $0.29 a year ago. Total company adjusted oibda negative was $6,922,000 compared to positive of $71,724,000 a year ago.

For the six months, the company reported net cash provided by operating activities of $47,397,000 compared to $145,421,000 a year ago. Capital expended for property and equipment was $40,303,000 compared to $1,751,000 a year ago. Through the first half of the year, they have invested $66 million in capital expenditures.

The company reported consolidated pro-forma earnings results for the second quarter of 2018. For the quarter, the reported total revenue of $228,505,000 compared to $225,699,000 a year ago. Operating income was $19,521,000 compared to $13,851,000 a year ago. Adjusted OBIDA was $78,535,000 compared to $76,466,000 a year ago.

GCI's capital expenditures for 2018 are expected to be approximately $170 million.