GCI Liberty, Inc. - Series A GCI Group (GLIBA) Balance Sheet

NASDAQ: GLIBAAssets, liabilities, debt and equity over 10 years.

GLIBA balance sheet, 2025

December 31, 2025 · U.S. dollars

$3.41B assets = $1.71B liabilities + $1.71B equity

Both columns are drawn to the same scale: what GLIBA owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GLIBA financial health

Current ratio3.14

Comfortable · current assets cover current liabilities 3.14×

Debt / equity0.68

Moderate leverage · $0.68 of debt for each $1 of equity

Equity / assets49.5%

Equity-funded · of assets funded by shareholders

Cash / debt36.8%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles34.7%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GLIBA balance sheet trends, 2013–2025

GCI Liberty, Inc. - Series A GCI Group balance sheet trends
Metric	Then	Latest	Change
Total assets	$9.98B2013	$3.41B2025	−11.2%/yr
Total liabilities	$5.05B2013	$1.71B2025	−11.4%/yr
Shareholders’ equity	$4.93B2013	$1.69B2025	−11.2%/yr
Cash & short-term investments	$1.20B2013	$424.0M2025	−10.9%/yr
Total debt	$2.30B2013	$1.15B2025	−7.4%/yr
Net cash (debt)	−$1.10B2013	−$729.0M2025	+$371.0M
Working capital	−$659.0M2013	$419.0M2025	+$1.1B
Current ratio	0.672013	3.142025	+2.47
Debt / equity	0.472013	0.682025	+0.22

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GLIBA assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GLIBA liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GLIBA debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GLIBA balance sheet

GCI Liberty, Inc. - Series A GCI Group annual balance sheet
	2025	2024	2023	2019	2018	2017	2016	2015	2014	2013
Assets
Cash & short-term investments	$424.0M	$74.0M	$79.0M	$569.5M	$491.3M	$573.0M	$487.0M	$2.92B	$2.75B	$1.20B
Cash & equivalents	$424.0M	$74.0M	$79.0M	$569.5M	$491.3M	$573.0M	$487.0M	$2.02B	$1.88B	$658.0M
Short-term investments	—	—	—	−$5.37B	−$3.07B	−$3.63B	−$3.16B	$898.0M	$868.0M	$543.0M
Receivables	$141.0M	$184.0M	$169.0M	$114.4M	$219.4M	$7.0M	$38.0M	$64.0M	$36.0M	$124.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$55.0M	$167.0M	$0
Other current assets	$50.0M	$61.0M	$66.0M	$43.9M	$40.1M	$3.0M	$2.0M	$8.0M	$9.0M	$26.0M
Total current assets	$615.0M	$319.0M	$314.0M	$727.8M	$750.7M	$583.0M	$527.0M	$3.05B	$2.96B	$1.35B
Property, plant & equipment (net)	$1.33B	$1.15B	$1.05B	$1.09B	$1.18B	$1.0M	$0	$36.0M	$67.0M	$34.0M
Goodwill & intangible assets	$1.18B	$1.75B	$1.80B	$1.59B	$1.80B	$33.0M	$33.0M	$167.0M	$314.0M	$6.19B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$285.0M	$165.0M	$167.0M	$8.52B	$4.92B	$6.27B	$5.44B	$2.79B	$2.48B	$2.41B
Total assets	$3.41B	$3.38B	$3.33B	$11.93B	$8.66B	$6.88B	$6.00B	$6.04B	$5.83B	$9.98B
Liabilities
Accounts payable	$123.0M	—	—	$92.9M	$100.3M	$1.0M	$1.0M	$26.0M	$106.0M	$38.0M
Short-term debt	$39.0M	$3.0M	$3.0M	$3.0M	$900.8M	$979.0M	$862.0M	$868.0M	$937.0M	$939.0M
Deferred revenue	$23.0M	$21.0M	$30.0M	$27.9M	$31.7M	—	—	—	—	—
Total current liabilities	$196.0M	$192.0M	$170.0M	$395.0M	$1.08B	$959.0M	$774.0M	$997.0M	$2.35B	$2.01B
Long-term debt	$979.0M	$1.07B	$1.02B	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$69.0M	$72.0M	$83.0M	—	—	—	—	—	—	—
Other long-term liabilities	$531.0M	$695.0M	$640.0M	$5.33B	$3.27B	$2.77B	$3.32B	$3.46B	$2.08B	$3.04B
Total liabilities	$1.71B	$1.95B	$1.83B	$5.72B	$4.35B	$3.73B	$4.10B	$4.46B	$4.43B	$5.05B
Shareholders' equity
Common stock & paid-in capital	—	$1.78B	$1.77B	$1.1M	$1.1M	$2.31B	$1.91B	—	—	—
Retained earnings (deficit)	−$672.0M	−$363.0M	−$283.0M	$2.98B	$1.04B	$9.07B	—	—	—	—
Accumulated other comprehensive income	—	—	—	−$341.9M	−$152.5M	−$1.22B	—	—	—	—
Minority interest	$18.0M	$15.0M	$20.0M	—	—	—	—	—	—	—
Total shareholders' equity	$1.69B	$1.43B	$1.50B	$6.21B	$4.31B	$3.15B	$1.90B	$1.58B	$1.40B	$4.93B
Key figures
Total debt	$1.15B	$1.14B	$1.10B	$3.27B	$2.89B	$1.85B	$1.67B	$2.17B	$2.19B	$2.30B
Net cash (debt)	−$729.0M	−$1.07B	−$1.02B	−$2.70B	−$2.39B	−$1.27B	−$1.18B	$749.0M	$561.0M	−$1.10B
Working capital	$419.0M	$127.0M	$144.0M	$332.8M	−$330.1M	−$376.0M	−$247.0M	$2.05B	$616.0M	−$659.0M
Tangible book value	$504.0M	−$319.0M	−$294.0M	$4.62B	$2.50B	$3.12B	$1.87B	$1.42B	$1.08B	−$1.26B
Current ratio	3.14	1.66	1.85	1.84	0.69	0.61	0.68	3.06	1.26	0.67
Quick ratio	2.88	1.34	1.46	1.73	0.66	0.60	0.68	2.99	1.19	0.66
Debt / equity	0.68	0.80	0.73	0.53	0.67	0.59	0.88	1.37	1.57	0.47
Equity / assets	49.5%	42.3%	45.1%	52.0%	49.7%	45.8%	31.7%	26.2%	24.0%	49.4%

GCI Liberty, Inc. - Series A GCI Group quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Sep '20	Jun '20	Mar '20
Assets
Cash & short-term investments	$497.0M	$435.0M	$416.0M	$424.0M	$104.0M	$148.0M	$552.6M	$551.6M	$568.8M
Cash & equivalents	$497.0M	$435.0M	$416.0M	$424.0M	$104.0M	$148.0M	$552.6M	$551.6M	$568.8M
Short-term investments	—	—	—	—	—	—	−$6.10B	−$5.29B	−$4.73B
Receivables	$131.0M	$141.0M	$141.0M	$141.0M	$124.0M	$163.0M	$283.7M	$94.8M	$106.3M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$60.0M	$62.0M	$58.0M	$50.0M	$48.0M	$54.0M	$61.6M	$35.3M	$35.6M
Total current assets	$688.0M	$638.0M	$615.0M	$615.0M	$276.0M	$365.0M	$897.9M	$681.7M	$710.6M
Property, plant & equipment (net)	$1.31B	$1.27B	$1.26B	$1.33B	$1.18B	$1.16B	$1.05B	$1.06B	$1.07B
Goodwill & intangible assets	$1.18B	$1.18B	$1.18B	$1.18B	$1.73B	$1.74B	$1.53B	$1.57B	$1.58B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$341.0M	$171.0M	$178.0M	$285.0M	$165.0M	$165.0M	$9.89B	$8.62B	$7.63B
Total assets	$3.52B	$3.25B	$3.23B	$3.41B	$3.35B	$3.43B	$13.36B	$11.93B	$10.99B
Liabilities
Accounts payable	$127.0M	$122.0M	—	$123.0M	$98.0M	$97.0M	$117.7M	$108.4M	$91.2M
Short-term debt	$7.0M	$4.0M	—	$39.0M	$4.0M	$4.0M	$823.2M	$664.1M	$3.1M
Deferred revenue	$24.0M	$23.0M	—	$23.0M	$24.0M	$21.0M	$26.7M	$25.7M	$25.9M
Total current liabilities	$204.0M	$193.0M	$196.0M	$196.0M	$194.0M	$201.0M	$1.36B	$1.08B	$204.2M
Long-term debt	$1.20B	$977.0M	$979.0M	$0	$983.0M	$1.07B	$0	$0	$0
Lease obligations	$61.0M	$63.0M	$69.0M	—	$70.0M	$71.0M	—	—	—
Other long-term liabilities	$362.0M	$351.0M	$353.0M	$1.51B	$682.0M	$697.0M	$4.97B	$4.64B	$5.17B
Total liabilities	$1.77B	$1.52B	$1.53B	$1.71B	$1.86B	$1.97B	$6.33B	$5.72B	$5.38B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	$1.78B	$1.78B	$1.1M	$1.1M	$1.1M
Retained earnings (deficit)	−$638.0M	−$654.0M	−$672.0M	−$672.0M	−$301.0M	−$328.0M	$3.78B	$2.96B	$2.35B
Minority interest	$18.0M	$18.0M	$18.0M	—	$18.0M	—	—	—	—
Total shareholders' equity	$1.74B	$1.71B	$1.69B	$1.69B	$1.48B	$1.45B	$7.02B	$6.20B	$5.61B
Key figures
Total debt	$1.27B	$1.04B	$979.0M	$1.15B	$1.06B	$1.14B	$3.42B	$3.27B	$3.21B
Net cash (debt)	−$771.0M	−$609.0M	−$563.0M	−$729.0M	−$953.0M	−$996.0M	−$2.87B	−$2.71B	−$2.64B
Working capital	$484.0M	$445.0M	$419.0M	$419.0M	$82.0M	$164.0M	−$463.5M	−$402.3M	$506.4M
Tangible book value	$558.0M	$536.0M	$504.0M	$504.0M	−$252.0M	−$288.0M	$5.49B	$4.63B	$4.02B
Current ratio	3.37	3.31	3.14	3.14	1.42	1.82	0.66	0.63	3.48
Quick ratio	3.08	2.98	2.84	2.88	1.18	1.55	0.61	0.60	3.31
Debt / equity	0.73	0.61	0.58	0.68	0.72	0.79	0.49	0.53	0.57
Equity / assets	49.3%	52.7%	52.2%	49.5%	44.0%	42.2%	52.6%	52.0%	51.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

GLIBA financial position

At the end of fiscal 2025 (December 31, 2025), GCI Liberty had total assets of $3.4 billion (up 0.9% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $1.7 billion. It held $424.0 million in cash and short-term investments against $1.2 billion of debt, net debt of $729.0 million. Its current ratio was 3.14. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $1.7 billion.

Related: GLIBA income statement, GLIBA cash flow statement, GLIBA key metrics. See the GLIBA stock overview for the latest quote and news.

GLIBA balance sheet FAQ

What are GCI Liberty's total assets?

GCI Liberty reported total assets of $3.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.4 billion a year earlier.

How much debt does GCI Liberty have?

GCI Liberty had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.68.

How much cash does GCI Liberty have?

GCI Liberty held $424.0 million in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net debt of $729.0 million.

What is GCI Liberty's book value?

GCI Liberty's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025.

What is GCI Liberty's current ratio?

GCI Liberty had current assets of $615.0 million and current liabilities of $196.0 million, a current ratio of 3.14 (it can cover its short-term obligations).

How much goodwill does GCI Liberty have?

GCI Liberty carried $1.2 billion of goodwill and intangible assets, 34.7% of total assets, at the end of fiscal 2025.