LBRDA · As filed with the SEC
Liberty Broadband income statement, by fiscal year
The statement as Liberty Broadband presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating costs and expenses: | ||||||||
| Operating, including stock-based compensation | — | — | — | — | — | — | — | 2,038,000 |
| Operating expense (exclusive of depreciation and amortization shown separately below) | — | 257,000,000 | 245,000,000 | 253,000,000 | 282,000,000 | 20,443,000 | 9,450,000 | — |
| Selling, general and administrative, including stock-based compensation (note 11) | — | — | 433,000,000 | 432,000,000 | 442,000,000 | 74,691,000 | 32,811,000 | 23,497,000 |
| Research and development, including stock-based compensation | — | — | — | — | — | — | — | 5,956,000 |
| Selling, general and administrative, including stock-based compensation (note 11) | — | 460,000,000 | — | — | — | — | — | — |
| Depreciation and amortization | — | 207,000,000 | 230,000,000 | 262,000,000 | 267,000,000 | 15,227,000 | 1,875,000 | 2,779,000 |
| Litigation settlement, net of recoveries (note 13) | — | — | — | 67,000,000 | 95,000,000 | — | — | — |
| Total operating costs and expenses | — | 924,000,000 | 908,000,000 | 1,014,000,000 | 1,086,000,000 | 110,361,000 | 44,136,000 | 34,270,000 |
| General and administrative, including stock-based compensation | 36,000,000 | — | — | — | — | — | — | — |
| Operating income (loss) | (36,000,000) | 92,000,000 | 73,000,000 | (39,000,000) | (98,000,000) | (59,655,000) | (29,277,000) | (12,014,000) |
| Other income (expense): | ||||||||
| Interest expense (including amortization of deferred loan fees) | — | — | (206,000,000) | (133,000,000) | (117,000,000) | (28,158,000) | (25,166,000) | (23,302,000) |
| Dividend and interest income | — | — | — | — | — | — | — | 881,000 |
| Interest expense (including amortization of deferred loan fees) | (110,000,000) | (194,000,000) | — | — | — | — | — | — |
| Share of earnings (losses) of affiliate (note 6) | (3,062,000,000) | 1,323,000,000 | 1,155,000,000 | 1,326,000,000 | 1,194,000,000 | 713,329,000 | 286,401,000 | 166,146,000 |
| Gain (loss) on dilution of investment in affiliate (note 6) | (96,000,000) | (32,000,000) | (60,000,000) | (63,000,000) | (102,000,000) | (183,575,000) | (79,329,000) | (43,575,000) |
| Realized and unrealized gains (losses) on financial instruments, net (note 5) | 51,000,000 | (125,000,000) | (101,000,000) | 334,000,000 | 67,000,000 | (83,070,000) | 1,170,000 | 3,659,000 |
| Gain (loss) on dispositions, net (note 1) | — | — | — | 179,000,000 | — | — | — | — |
| Other, net | (1,000,000) | 18,000,000 | 27,000,000 | (70,000,000) | 6,000,000 | 2,294,000 | 1,359,000 | 82,000 |
| Earnings (loss) before income taxes | (3,254,000,000) | 1,082,000,000 | 888,000,000 | 1,534,000,000 | 950,000,000 | 361,165,000 | 155,158,000 | 91,877,000 |
| Income tax benefit (expense) | 923,000,000 | (213,000,000) | (200,000,000) | (277,000,000) | (218,000,000) | 36,443,000 | (37,942,000) | (21,924,000) |
| Net earnings (loss) | — | 869,000,000 | 688,000,000 | 1,257,000,000 | 732,000,000 | 397,608,000 | — | — |
| Less net earnings (loss) attributable to the non-controlling interests | — | — | — | — | — | (11,000) | — | — |
| Net earnings (loss) from continuing operations | (2,331,000,000) | — | — | — | — | — | — | — |
| Net earnings (loss) from discontinued operations | (345,000,000) | — | — | — | — | — | — | — |
| Net earnings (loss) | (2,676,000,000) | 869,000,000 | 688,000,000 | 1,257,000,000 | 732,000,000 | 397,619,000 | 117,216,000 | 69,953,000 |
| Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Doller per share) | — | 6.08 | 4.71 | 8.01 | 3.97 | 2.18 | 0.65 | 0.39 |
| Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Doller per share) | — | 6.08 | 4.68 | 7.96 | 3.93 | 2.17 | 0.64 | 0.38 |
| Basic net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) | (16.30) | — | — | — | — | — | — | — |
| Basic net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) | (2.41) | — | — | — | — | — | — | — |
| Diluted net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) | (16.30) | — | — | — | — | — | — | — |
| Diluted net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) | (2.41) | — | — | — | — | — | — | — |
| Revenue | — | 1,016,000,000 | 981,000,000 | 975,000,000 | 988,000,000 | 50,706,000 | 14,859,000 | — |
| Software sales | — | — | — | — | — | — | 14,859,000 | — |
| Skyhook revenue | — | — | — | — | — | 17,036,000 | — | — |
| GCI Holdings revenue | — | — | — | — | — | 33,670,000 | — | — |
| Revenue | — | — | — | — | — | — | — | 22,256,000 |
| Software sales | — | — | — | — | — | — | — | 22,256,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.