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  "documentTitle": "20 IBD presentation 2020 Gci Liberty Inc Evercore Group 1",
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  "presentationDate": "2020-01-01 00:00:00",
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  "notes": "Includes mid-year discounting methodology and specific assumptions regarding YoY growth rates and WACC.",
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      "text": "Assumes mid-point of 3-5% YoY growth rate on total corporate expenses starting 2021 and 0% YoY growth rate on stock based compensation starting 2022 per GLIB management guidance",
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      "text": "Source: GLIB Management. 1. Applies 4% growth rate to 2020E normalized pre-tax corporate expense of $16.9mm, excluding $5mm one time cost in Q2 2020. 2. 27% Tax rate based on GLIB management guidance; assumes available profits at CCI to offset corporate expenses. 3. Assumes 6.75% WACC and 2.7% weighted average perpetuity growth rate based on 2023E stock compensation growth at 0% and total corporate expenses growth at mid-point of 3-5% per GLIB management guidance.",
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