|         |                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------|
| • | Completed series of transactions resulting in the split-off from Qurate Retail, Inc. on March 9th  |

|         |                                             |
|---------|---------------------------------------------|
| ◦ | Creation of asset-backed stock, GCI Liberty |

|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| • | Reincorporation of GCI Liberty into Delaware approved at special stockholder meeting on May 7th  |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | GCI (as defined below) consumer data revenue increased 8% |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| ◦ | Revenue from GCI's top tier unlimited wireless and data customers continued to grow |

|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| ◦ | GCI upgraded additional markets to be gigabit capable, now provides gigabit speeds to 77% of Alaskans |

|         |                                                                                    |
|---------|------------------------------------------------------------------------------------|
| • | GCI continues to make progress towards third quarter rollout of new billing system |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | GCI successfully renegotiated key education contract renewals |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |
| (amounts in thousands, except operating metrics) |      |   | 1Q17 |  |      |   | 1Q18 |  |      | % Change |   |
| GCI Consolidated Financial Metrics               |   |   |   |   |   |   |   |   |   |
|   Revenue                              |   |   |   |   |   |   |   |   |   |
| Consumer                                         |   | $ | 107,331 |  |   | $ | 107,828 |  |   | — |  | % |
| Business                                         |   |   | 117,992 |  |   |   | 108,565 |  |   | (8 | ) | % |
|   Total Revenue                        |   | $ | 225,323 |  |   | $ | 216,393 |  |   | (4 | ) | % |
|                                             |   |   |  |   |   |  |   |  |   |
|   Operating Income                     |   | $ | 8,521 |  |   | $ | 5,597 |  |  | (34 | ) | % |
|   Operating Income Margin (%)          |   |   | 3.8 |  | % |   | 2.6 |  | % | (120 | ) | bps |
|                                             |   |   |   |   |   |   |   |   |   |
|   Adjusted OIBDA(1)                    |   | $ | 73,646 |  |   | $ | 70,188 |  |   | (5 | ) | % |
|   Adjusted OIBDA Margin (%)            |   |   | 32.7 |  | % |   | 32.4 |  | % | (30 | ) | bps |
|                                             |   |   |   |   |   |  |   |  |  |   |

----

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |
| GCI Consumer                                         |   |   |   |   |   |  |   |  |   |
|   Financial Metrics                        |   |   |   |   |   |   |   |   |   |
|   Revenues                                 |   |   |   |   |   |   |   |   |   |
| Wireless                                             |   | $ | 40,656 |  |   | $ | 40,990 |  |   | 1 |  | % |
| Data                                                 |   |   | 36,088 |  |   |   | 39,062 |  |   | 8 |  | % |
| Video                                                |   |   | 24,939 |  |   |   | 22,477 |  |   | (10 | ) | % |
| Voice                                                |   |   | 5,648 |  |   |   | 5,299 |  |   | (6 | ) | % |
|   Total Revenue                            |   | $ | 107,331 |  |   | $ | 107,828 |  |   | — |  | % |
|   Operating Metrics                        |   |   |   |   |   |   |   |   |   |
|   Wireless Lines in Service(2)             |   |   | 198,600 |  |   |   | 196,500 |  |   | (1 | ) | % |
|   Data - Cable Modem Subscribers(3)        |   |   | 130,900 |  |   |   | 125,400 |  |   | (4 | ) | % |
|   Video                                    |   |   |   |   |   |   |   |   |   |
| Basic Subscribers(4)                                 |   |   | 106,100 |  |   |   | 93,900 |  |   | (11 | ) | % |
| Homes Passed                                         |   |   | 250,800 |  |   |   | 252,900 |  |   | 1 |  | % |
|   Voice - Total Access Lines in Service(5) |   |   | 52,700 |  |   |   | 49,300 |  |   | (6 | ) | % |
|                                                 |   |   |   |   |   |   |   |   |   |
| GCI Business                                         |   |   |   |   |   |   |   |   |   |
|   Financial Metrics                        |   |   |   |   |   |   |   |   |   |
|   Revenues                                 |   |   |   |   |   |   |   |   |   |
| Wireless                                             |   | $ | 23,663 |  |   | $ | 23,414 |  |   | (1 | ) | % |
| Data                                                 |   |   | 77,150 |  |   |   | 70,051 |  |   | (9 | ) | % |
| Video                                                |   |   | 4,122 |  |   |   | 3,685 |  |   | (11 | ) | % |
| Voice                                                |   |   | 13,057 |  |   |   | 11,415 |  |   | (13 | ) | % |
|   Total Revenue                            |   | $ | 117,992 |  |   | $ | 108,565 |  |   | (8 | ) | % |
|   Operating Metrics                        |   |   |   |   |   |   |   |   |   |
|   Wireless Lines in Service(2)             |   |   | 23,400 |  |   |   | 22,100 |  |   | (6 | ) | % |
|   Data - Cable Modem Subscribers(3)        |   |   | 9,900 |  |   |   | 9,200 |  |   | (7 | ) | % |
|   Voice - Total Access Lines in Service(5) |   |   | 40,300 |  |   |   | 37,600 |  |   | (7 | ) | % |

----

|    |                             |
|----|-----------------------------|
| 1) | See reconciling schedule 1. |

|    |                                                                                                                                                                                 |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2) | A wireless line in service is defined as a revenue generating wireless device. On January 1, 2018, GCI transferred 600 small business wireless lines from Business to Consumer. |

|    |                                                                                                                                                                                                                                                                                                                                                      |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3) | A cable modem subscriber is defined by the purchase of cable modem service regardless of the level of service purchased. If one entity purchases multiple cable modem service access points, each access point is counted as a subscriber. On January 1, 2018, GCI transferred 700 small business cable modem subscribers from Business to Consumer. |

|    |                                                                                                                                                                                                                                                                    |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4) | A basic subscriber is defined as one basic tier of service delivered to an address or separate subunits thereof regardless of the number of outlets purchased. On January 1, 2018, GCI transferred 100 small business basic subscribers from Business to Consumer. |

|    |                                                                                                                                                                                                                                                             |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5) | A local access line in service is defined as a revenue generating circuit or channel connecting a customer to the public switched telephone network. On January 1, 2018, GCI transferred 1,600 small business local access lines from Business to Consumer. |

----

|    |                                                                                                                                                                                                                                                                                                                           |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1) | GCI Liberty’s President and CEO, Greg Maffei, will discuss these highlights and other matters on GCI Liberty's earnings conference call which will begin at 5:00 p.m. (E.D.T.) on May 9, 2018.  For information regarding how to access the call, please see “Important Notice” later in this document. |

|    |                                                                                                                              |
|----|------------------------------------------------------------------------------------------------------------------------------|
| 2) | For a definition of adjusted OIBDA and adjusted OIBDA margin and applicable reconciliations, see the accompanying schedules. |

----

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |  |
| (amounts in thousands)             |      |   | 1Q17 |  |      |   | 1Q18(1) |  |
| Revenue                            |   |   |   |   |   |   |
|   GCI Holdings           |   | $ | — |  |   | $ | 56,792 |  |
|   Corporate and other    |   |   | 3,969 |  |   |   | 4,412 |  |
| Total GCI Liberty Revenue          |   | $ | 3,969 |  |   | $ | 61,204 |  |
|                               |   |   |   |   |   |   |
| Operating Income                   |   |   |   |   |   |   |
|   GCI Holdings           |   | $ | — |  |   | $ | 3,096 |  |
|   Corporate and other    |   |   | (11,351 | ) |   |   | (10,465 | ) |
| Total GCI Liberty Operating Income |   | $ | (11,351 | ) |   | $ | (7,369 | ) |
|                               |   |   |   |   |   |   |
| Adjusted OIBDA                     |   |   |   |   |   |   |
|   GCI Holdings           |   | $ | — |  |   | $ | 19,748 |  |
|   Corporate and other    |   |   | (7,872 | ) |   |   | (5,860 | ) |
| Total GCI Liberty Adjusted OIBDA   |   | $ | (7,872 | ) |   | $ | 13,888 |  |

----

|     |                                                                    |
|-----|--------------------------------------------------------------------|
| (1) | Includes results of GCI from March 9, 2018 through March 31, 2018. |

----

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |  |  |
| (amounts in millions) |      | 12/31/2017 |   |      | 3/31/2018 |   |
| Charter(1)            |   | $ | 1,800 |  |   | $ | 1,668 |  |
| Liberty Broadband(1)  |   |   | 3,635 |  |   |   | 3,657 |  |
| LendingTree(2)        |   |   | 1,098 |  |   |   | 1,058 |  |
| Total                 |   | $ | 6,533 |  |   | $ | 6,383 |  |

----

|     |                                                                                                                                                                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Represents fair value of the investments in Charter and Liberty Broadband. A portion of the Charter equity securities are considered covered shares and subject to certain contractual restrictions in accordance with the indemnification obligation, as described below. |

|     |                                                                                                                                                                                                                                                                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents fair value of the investment in LendingTree. In accordance with GAAP, this investment is accounted for using the equity method of accounting and is included in the balance sheets of GCI Liberty at historical carrying values which aggregated $115 million and $112 million at December 31, 2017 and March 31, 2018, respectively. |

----

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |
| (amounts in millions)                                      |      | 3/31/2018 |   |
| Cash:                                                      |   |   |   |
| GCI Holdings                                               |   | $ | 46 |  |
| Corporate and other                                        |   |   | 357 |  |
| Total GCI Liberty Consolidated Cash                        |   | $ | 403 |  |
|                                                       |   |   |   |
| Debt:                                                      |   |   |   |
| Senior Notes                                               |   | $ | 775 |  |
| Senior Credit Facility                                     |   |   | 667 |  |
| Wells Fargo Note Payable                                   |   |   | 8 |  |
| Capital Leases and Other(1)                                |   |   | 144 |  |
| Total GCI Holdings Debt                                    |   | $ | 1,594 |  |
|                                                       |   |   |   |
| Margin Loan                                                |   | $ | 1,000 |  |
| Total Corporate Level Debt                                 |   | $ | 1,000 |  |
|                                                       |   |   |  |
| Total GCI Liberty Debt                                     |   | $ | 2,594 |  |
| Premium on debt and deferred financing fees                |   |   | 28 |  |
| Capital Leases and Other(1) (excluded from GAAP Debt) |   |   | (144 | ) |
| Total GCI Liberty Debt (GAAP)                              |  | $ | 2,478 |  |
|                                                       |   |   |   |
| Other Financial Obligations:                               |   |   |   |
| Indemnification Obligation(2)                              |   | $ | 253 |  |
| Preferred Stock(3)                                         |   |   | 175 |  |
|                                                       |   |   |   |
| GCI Leverage(4)                                            |   |   | 4.9x |  |

----

|     |                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------|
| (1) | Includes current and long-term obligations under capital leases and communication tower obligations. |

|     |                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Indemnity from GCI Liberty, pursuant to an indemnification agreement (the “indemnification agreement”), with respect to the 1.75% exchangeable debentures due 2046 (the "Charter exchangeable debentures"), as described below. |

|     |                                                                                                                                                                                                                                                                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Preferred shares have 21-year term, initial 5% coupon, $25/share liquidation preference plus accrued and unpaid dividends and 1/3 vote per share. Upon reincorporation of GCI Liberty into Delaware, the coupon will increase from 5% to 7%, effective after the next interest payment date on July 15th. The preferred stock is considered a liability for GAAP purposes. |

|     |                                       |
|-----|---------------------------------------|
| (4) | As defined in GCI's credit agreement. |

----

----

|                               |
|-------------------------------|
|                               |  |  |  |  |  |  |  |  |
| (amounts in thousands)        |      |   | 1Q17 |  |      |   | 1Q18 |  |
| GCI Holdings                  |   |   |   |   |   |   |
| Adjusted OIBDA                |   | $ | 73,646 |  |   | $ | 70,188 |  |
| Depreciation and amortization |   |   | (60,949 | ) |   |   | (59,315 | ) |
| Stock compensation expense    |   |   | (4,176 | ) |   |   | (1,676 | ) |
| Legal settlement              |   |   | — |  |   |   | (3,600 | ) |
| Operating Income              |   | $ | 8,521 |  |   | $ | 5,597 |  |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |  |  |
| (amounts in thousands)                  |      |   | 1Q17 |  |      |   | 1Q18 |  |
| GCI Liberty                             |   |   |   |   |   |   |
| GCI Liberty Adjusted OIBDA              |   |   |   |   |   |   |
| GCI Holdings                            |   | $ | — |  |   | $ | 19,748 |  |
| Corporate and other                     |   |   | (7,872 | ) |   |   | (5,860 | ) |
|                                    |   |   |   |   |   |   |
| Consolidated GCI Liberty adjusted OIBDA |   | $ | (7,872 | ) |   | $ | 13,888 |  |
| Stock-based compensation                |   |   | (2,726 | ) |   |   | (5,236 | ) |
| Depreciation and amortization           |   |   | (753 | ) |   |   | (16,021 | ) |
| GCI Liberty Operating Income            |   | $ | (11,351 | ) |   | $ | (7,369 | ) |

----

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |
|                                                                                                      | March 31, |  | December 31, |
|                                                                                                           | 2018 |  | 2017 |
|                                                                                                           | Amounts in thousands, except share amounts |
| Assets                                                                                                    |  |  |  |
| Current assets:                                                                                           |   |  |   |
| Cash and cash equivalents                                                                                 | $ | 402,672 |  |  | 573,210 |  |
| Trade and other receivables, net of allowance for doubtful accounts of $149 thousand and $0, respectively | 205,666 |  |  | 6,803 |  |
| Current portion of tax sharing receivable                                                                 | 58,666 |  |  | — |  |
| Other current assets                                                                                      | 38,116 |  |  | 1,265 |  |
| Total current assets                                                                                      | 705,120 |  |  | 581,278 |  |
| Investments in equity securities                                                                          | 1,673,580 |  |  | 1,803,064 |  |
| Investments in affiliates, accounted for using the equity method                                          | 112,975 |  |  | 114,655 |  |
| Investment in Liberty Broadband measured at fair value                                                    | 3,657,407 |  |  | 3,634,786 |  |
|                                                                                                           |  |  |  |  |  |
| Property and equipment, net                                                                               | 1,193,509 |  |  | 624 |  |
| Intangible assets not subject to amortization                                                             |  |  |  |  |  |
| Goodwill                                                                                                  | 950,198 |  |  | 25,569 |  |
| Cable certificates                                                                                        | 370,000 |  |  | — |  |
| Wireless licenses                                                                                         | 193,000 |  |  | — |  |
| Other                                                                                                     | 4,025 |  |  | 4,000 |  |
|                                                                                                           | 1,517,223 |  |  | 29,569 |  |
| Intangible assets subject to amortization, net                                                            | 544,415 |  |  | 4,237 |  |
| Tax sharing receivable                                                                                    | 132,101 |  |  | — |  |
| Other assets, at cost, net of accumulated amortization                                                    | 48,421 |  |  | 4,000 |  |
| Total assets                                                                                              | $ | 9,584,751 |  |  | 6,172,213 |  |
|                                                                                                      |   |   |   |
| Liabilities and Equity                                                                                    |  |  |  |
| Current liabilities:                                                                                      |  |  |  |
| Accounts payable                                                                                          | $ | 28,995 |  |  | 718 |  |
| Deferred revenue                                                                                          | 22,729 |  |  | — |  |
| Indemnification obligation                                                                                | 252,538 |  |  | — |  |
| Other current liabilities                                                                                 | 112,708 |  |  | 9,747 |  |
| Total current liabilities                                                                                 | 416,970 |  |  | 10,465 |  |
| Long-term debt, net                                                                                       | 2,474,835 |  |  | — |  |
| Obligations under capital leases and tower obligation, excluding current portion                          | 131,788 |  |  | — |  |
| Long-term deferred revenue                                                                                | 60,636 |  |  | 130 |  |
| Deferred income tax liabilities                                                                           | 1,062,043 |  |  | 643,426 |  |
| Taxes payable                                                                                             | — |  |  | 1,198,315 |  |
| Preferred stock                                                                                           | 174,922 |  |  | — |  |
| Other liabilities                                                                                         | 147,290 |  |  | 95,841 |  |
| Total liabilities                                                                                         | 4,468,484 |  |  | 1,948,177 |  |

----

|                                                                                                                                |
|--------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                |  |  |  |  |  |  |
| Equity                                                                                                                         |  |  |  |  |  |
| Stockholders’ equity:                                                                                                    |  |  |  |  |  |
| Class A common stock, no par value. Authorized 500,000,000 shares; issued and outstanding 104,549,667 shares at March 31, 2018 | — |  |  | — |  |
| Class B common stock, no par value. Authorized 20,000,000 shares; issued and outstanding 4,455,208 shares at March 31, 2018    | — |  |  | — |  |
| Class C common stock, no par value. Authorized 1,040,000,000 shares; no issued and outstanding shares at March 31, 2018        | — |  |  | — |  |
| Parent's investment                                                                                                            | — |  |  | 2,305,440 |  |
| Additional paid-in capital                                                                                                     | 3,364,681 |  |  | — |  |
| Retained earnings                                                                                                              | 1,744,264 |  |  | 1,914,963 |  |
| Total stockholders' equity                                                                                                     | 5,108,945 |  |  | 4,220,403 |  |
| Non-controlling interests                                                                                                      | 7,322 |  |  | 3,633 |  |
| Total equity                                                                                                                   | 5,116,267 |  |  | 4,224,036 |  |
| Commitments and contingencies                                                                                                  |  |  |  |  |
| Total liabilities and equity                                                                                                   | $ | 9,584,751 |  |  | 6,172,213 |  |

----

|                                                                                                          |
|----------------------------------------------------------------------------------------------------------|
|                                                                                                          |  |  |  |  |  |  |
|                                                                                                     | Three Months Ended |
|                                                                                                     | March 31, |
|                                                                                                          | 2018 |  | 2017 |
|                                                                                                          | Amounts in thousands, except per share amounts |
| Revenue                                                                                                  | $ | 61,204 |  |  | 3,969 |  |
| Operating costs and expenses:                                                                            |  |  |  |  |  |
| Operating expense (exclusive of depreciation and amortization shown separately below)                    | 19,819 |  |  | 2,759 |  |
| Selling, general and administrative, including stock-based compensation                                  | 32,733 |  |  | 11,808 |  |
| Depreciation and amortization expense                                                                    | 16,021 |  |  | 753 |  |
|                                                                                                          | 68,573 |  |  | 15,320 |  |
| Operating income (loss)                                                                                  | (7,369 | ) |  | (11,351 | ) |
| Other income (expense):                                                                                  |  |  |  |  |  |
| Interest expense (including amortization of deferred loan fees)                                          | (8,248 | ) |  | — |  |
| Share of earnings (losses) of affiliates, net                                                            | (2,492 | ) |  | 1,723 |  |
| Realized and unrealized gains (losses) on financial instruments, net                                     | (71,481 | ) |  | 737,552 |  |
| Other, net                                                                                               | 1,697 |  |  | 209 |  |
|                                                                                                          | (80,524 | ) |  | 739,484 |  |
| Earnings (loss) before income taxes                                                                      | (87,893 | ) |  | 728,133 |  |
| Income tax (expense) benefit                                                                             | (82,838 | ) |  | (277,479 | ) |
| Net earnings (loss)                                                                                      | (170,731 | ) |  | 450,654 |  |
| Less net earnings (loss) attributable to the non-controlling interests                                   | (39 | ) |  | — |  |
| Net earnings (loss) attributable to GCI Liberty, Inc. shareholders                                       | $ | (170,692 | ) |  | 450,654 |  |
| Basic net earnings attributable to Class A and Class B GCI Liberty, Inc. shareholders per common share   | $ | (1.58 | ) |  | 4.13 |  |
| Diluted net earnings attributable to Class A and Class B GCI Liberty, Inc. shareholders per common share | $ | (1.58 | ) |  | 4.13 |  |

----

|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |  |  |  |  |  |  |
|                                                                                                 | Three Months Ended |
|                                                                                                 | March 31, |
|                                                                                            | 2018 |  | 2017 |
|                                                                                                 | Amounts in thousands |
| Cash flows from operating activities:                                                           |   |  |   |
| Net earnings (loss)                                                                             | $ | (170,731 | ) |  | 450,654 |  |
| Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |  |  |  |  |  |
| Depreciation and amortization                                                                   | 16,021 |  |  | 753 |  |
| Stock-based compensation expense                                                                | 5,236 |  |  | 2,726 |  |
| Share of (earnings) losses of affiliates, net                                                   | 2,492 |  |  | (1,723 | ) |
| Realized and unrealized (gains) losses on financial instruments, net                            | 71,481 |  |  | (737,552 | ) |
| Deferred income tax expense (benefit)                                                           | 75,596 |  |  | 277,479 |  |
| Other, net                                                                                      | 243 |  |  | 206 |  |
| Change in operating assets and liabilities:                                                     |  |  |  |  |  |
| Current and other assets                                                                        | (20,093 | ) |  | 2,335 |  |
| Payables and other liabilities                                                                  | (1,889 | ) |  | 2,257 |  |
| Net cash provided (used) by operating activities                                                | (21,644 | ) |  | (2,865 | ) |
| Cash flows from investing activities:                                                           |  |  |  |  |  |
| GCI Holdings cash acquired in consolidation                                                     | 147,958 |  |  | — |  |
| Capital expended for property and equipment                                                     | (6,500 | ) |  | (943 | ) |
| Net cash provided (used) by investing activities                                                | 141,458 |  |  | (943 | ) |
| Cash flows from financing activities:                                                           |  |  |  |  |  |
| Borrowings of debt                                                                              | 1,000,000 |  |  | — |  |
| Repayment of debt, capital lease, and tower obligations                                         | (81,386 | ) |  | — |  |
| Contributions from (distributions to) parent, net                                               | (1,121,320 | ) |  | (41,462 | ) |
| Distribution to non-controlling interests                                                       | (3,272 | ) |  | — |  |
| Derivative payments                                                                             | (80,001 | ) |  | — |  |
| Other financing activities, net                                                                 | (4,341 | ) |  | 557 |  |
| Net cash provided (used) by financing activities                                                | (290,320 | ) |  | (40,905 | ) |
| Net increase (decrease) in cash, cash equivalents and restricted cash                           | (170,506 | ) |  | (44,713 | ) |
| Cash, cash equivalents and restricted cash at beginning of period                               | 574,148 |  |  | 488,127 |  |
| Cash, cash equivalents and restricted cash at end of period                                     | $ | 403,642 |  |  | 443,414 |  |