Liberty Broadband Corporation (LBRDA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
12300 LIBERTY BLVD ENGLEWOOD, CO 80112 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 158,000 | 375,000 | 191,000 | 1,417,802 | 49,724 | 83,103 | |||
| Cash and cash equivalents | 158,000 | 375,000 | 191,000 | 1,417,802 | 49,724 | 83,103 | |||
| Restricted cash and investments | 16,000 | ||||||||
| Receivables | |||||||||
| Other current assets | 79,453 | 2,409 | 1,471 | ||||||
| Other undisclosed current assets | 256,000 | 285,000 | 268,000 | 349,256 | |||||
| Total current assets: | 430,000 | 660,000 | 459,000 | 1,846,511 | 52,133 | 84,574 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,000 | 3,000 | 3,000 | 8,454 | ✕ | ||||
| Operating lease, right-of-use asset | 105,000 | 114,000 | 154,000 | 98,992 | ✕ | ||||
| Property, plant and equipment | (530,000) | (385,000) | (196,000) | (10,106) | |||||
| Long-term investments and receivables | 12,116,000 | 11,433,000 | 13,261,000 | 16,179,685 | 12,194,674 | 12,004,376 | |||
| Long-term investments | 12,116,000 | 11,433,000 | 13,261,000 | 16,179,685 | 12,194,674 | 12,004,376 | |||
| Intangible assets, net (including goodwill) | 1,216,000 | 1,271,000 | 1,335,000 | 1,419,626 | |||||
| Goodwill | 755,000 | 755,000 | 762,000 | 745,577 | |||||
| Intangible assets, net (excluding goodwill) | 461,000 | 516,000 | 573,000 | 674,049 | |||||
| Restricted cash and investments | 2,000 | ||||||||
| Other noncurrent assets | 236,000 | 180,000 | 210,000 | 151,487 | 9,535 | 9,487 | |||
| Other undisclosed noncurrent assets | 2,060,000 | 1,866,000 | 1,742,000 | 1,676,475 | |||||
| Total noncurrent assets: | 15,211,000 | 14,482,000 | 16,509,000 | 19,524,613 | 12,204,209 | 12,013,863 | |||
| TOTAL ASSETS: | 15,641,000 | 15,142,000 | 16,968,000 | 21,371,124 | 12,256,342 | 12,098,437 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 86,000 | 92,000 | 99,000 | 97,933 | 6,168 | 3,504 | |||
| Other undisclosed accounts payable and accrued liabilities | 86,000 | 92,000 | 99,000 | 97,933 | 6,168 | 3,504 | |||
| Deferred revenue | 30,000 | 20,000 | 25,000 | 24,926 | 4,800 | ✕ | |||
| Debt | 3,000 | 1,376,000 | 28,000 | 31,026 | |||||
| Other liabilities | 59,000 | 137,000 | 106,000 | 113,234 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,300 | ||
| Other undisclosed current liabilities | 50,000 | 324,000 | 344,643 | 1,171 | 391 | ||||
| Total current liabilities: | 178,000 | 1,675,000 | 582,000 | 611,762 | 12,139 | 8,195 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,734,000 | 2,427,000 | 3,733,000 | 4,850,256 | |||||
| Long-term debt, excluding current maturities | 3,733,000 | 2,425,000 | 3,733,000 | 4,785,207 | |||||
| Finance lease, liability | 1,000 | 2,000 | 3,744 | ✕ | |||||
| Liabilities, other than long-term debt | 2,680,000 | 2,481,000 | 2,425,000 | 2,366,896 | 1,005,113 | 970,596 | |||
| Deferred revenue | 65,000 | 24,000 | 35,000 | 39,649 | 1,800 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,900 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 965,829 | ||
| Deferred income tax liabilities | 2,216,000 | 2,040,000 | 1,998,000 | 1,977,643 | 999,757 | ✕ | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 202,000 | 202,000 | 203,000 | 202,917 | |||||
| Other liabilities | 141,000 | 150,000 | 189,000 | 146,687 | 3,556 | 2,867 | |||
| Operating lease, liability | 56,000 | 65,000 | 61,305 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 26,000 | 58,000 | 89,000 | 27,791 | 571,144 | 521,028 | |||
| Total noncurrent liabilities: | 6,440,000 | 4,966,000 | 6,247,000 | 7,244,943 | 1,576,257 | 1,491,624 | |||
| Total liabilities: | 6,618,000 | 6,641,000 | 6,829,000 | 7,856,705 | 1,588,396 | 1,499,819 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,003,000 | 8,483,000 | 10,127,000 | 13,502,659 | 10,667,946 | 10,598,618 | |||
| Additional paid in capital | 3,107,000 | 3,318,000 | 6,214,000 | 10,319,754 | 7,890,084 | 7,938,357 | |||
| Accumulated other comprehensive income | 52,000 | 9,000 | 14,000 | 15,436 | 8,158 | 7,778 | |||
| Retained earnings | 5,843,000 | 5,155,000 | 3,898,000 | 3,165,504 | 2,767,885 | 2,650,669 | |||
| Other undisclosed equity, attributable to parent | 1,000 | 1,000 | 1,000 | 1,965 | 1,819 | 1,814 | |||
| Equity, attributable to noncontrolling interest | 20,000 | 18,000 | 12,000 | 11,760 | |||||
| Total equity: | 9,023,000 | 8,501,000 | 10,139,000 | 13,514,419 | 10,667,946 | 10,598,618 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,641,000 | 15,142,000 | 16,968,000 | 21,371,124 | 12,256,342 | 12,098,437 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 981,000 | 975,000 | 988,000 | 50,706 | 14,859 | 22,256 | ||
| Cost of revenue | (158,000) | (188,000) | (184,000) | (1,875) | (32,232) | |||
| Gross profit: | 823,000 | 787,000 | 804,000 | 50,706 | 12,984 | (9,976) | ||
| Operating expenses | (750,000) | (826,000) | (902,000) | (116,283) | (42,261) | (2,038) | ||
| Other undisclosed operating income | 5,922 | |||||||
| Operating income (loss): | 73,000 | (39,000) | (98,000) | (59,655) | (29,277) | (12,014) | ||
| Nonoperating income (expense) | (134,000) | 380,000 | (29,000) | (264,351) | (76,800) | (38,953) | ||
| Investment income, nonoperating | (161,000) | 450,000 | (35,000) | (266,645) | (78,159) | (39,035) | ||
| Other nonoperating income (expense) | 27,000 | (70,000) | 6,000 | 2,294 | 1,359 | 82 | ||
| Interest and debt expense | (206,000) | (133,000) | (117,000) | (28,158) | (25,166) | (23,302) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (267,000) | 208,000 | (244,000) | (352,164) | (131,243) | (74,269) | ||
| Income from equity method investments | 1,155,000 | 1,326,000 | 1,194,000 | 713,329 | 286,401 | 166,146 | ||
| Income from continuing operations before income taxes: | 888,000 | 1,534,000 | 950,000 | 361,165 | 155,158 | 91,877 | ||
| Income tax expense (benefit) | (200,000) | (277,000) | (218,000) | 36,443 | (37,942) | (21,924) | ||
| Income from continuing operations: | 688,000 | 1,257,000 | 732,000 | 397,608 | 117,216 | 69,953 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 732,000 | 397,608 | 117,216 | 69,953 | |
| Net income: | 688,000 | 1,257,000 | 732,000 | 397,608 | 117,216 | 69,953 | ||
| Net income attributable to noncontrolling interest | 11 | |||||||
| Net income available to common stockholders, diluted: | 688,000 | 1,257,000 | 732,000 | 397,619 | 117,216 | 69,953 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 688,000 | 1,257,000 | 732,000 | 397,608 | 117,216 | 69,953 | ||
| Other comprehensive income (loss) | 43,000 | (5,000) | (1,000) | 7,278 | 380 | (646) | ||
| Comprehensive income: | 731,000 | 1,252,000 | 731,000 | 404,886 | 117,596 | 69,307 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 11 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 731,000 | 1,252,000 | 731,000 | 404,897 | 117,596 | 69,307 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.