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|CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 04/07/2016|
BRIGHT HOUSE NETWORKS, LLC AND SUBSIDARIES
Notes to Consolidated Financial Statements
December 31, 2015, 2014 and 2013
Investments consist of the following at December 31:
In July 2013, in connection with Sprint Communications, Inc.’s (Sprint) acquisition of Clearwire Corporation (Clearwire), Sprint acquired the Company’s cost method investment of 8.5 million Class A shares of Clearwire for $42.4 million. As a result, the Company recognized a gain of $25.9 million, which is included in Gain from disposal of assets, net and other income in the consolidated statement of income in 2013.
Intangible assets and related accumulated amortization consist of the following at December 31:
Amortization expense was $10.2 million, $9.9 million and $9.7 million in 2015, 2014 and 2013, respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense is expected to be $11.0 million in 2016, $10.1 million in 2017, $8.4 million in 2018, $7.0 million in 2019, and $5.7 million in 2020.
There were no changes in the carrying value of the Company’s goodwill from January 1 through December 31, 2015 and 2014, respectively. There were no goodwill impairment charges for the years ended December 31, 2015, 2014 and 2013.