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)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments375,000191,0001,417,80249,72483,10381,257
Cash and cash equivalents375,000191,0001,417,80249,72483,10381,257
Restricted cash and investments      
Other current assets   79,4532,4091,4712,797
Other undisclosed current assets285,000268,000349,256   
Total current assets:660,000459,0001,846,51152,13384,57484,054
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3,0003,0008,454 ✕✕
Operating lease, right-of-use asset114,000154,00098,992 ✕✕
Property, plant and equipment(385,000)(196,000)(10,106)   
Long-term investments and receivables11,433,00013,261,00016,179,68512,194,67412,004,37611,835,613
Long-term investments11,433,00013,261,00016,179,68512,194,67412,004,37611,835,613
Intangible assets, net (including goodwill)1,271,0001,335,0001,419,626   
Goodwill755,000762,000745,577   
Intangible assets, net (excluding goodwill)516,000573,000674,049   
Restricted cash and investments      
Other noncurrent assets180,000210,000151,4879,5359,48749
Other undisclosed noncurrent assets1,866,0001,742,0001,676,475  12,073
Total noncurrent assets:14,482,00016,509,00019,524,61312,204,20912,013,86311,847,735
TOTAL ASSETS:15,142,00016,968,00021,371,12412,256,34212,098,43711,931,789
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:92,00099,00097,9336,1683,5045,381
Other undisclosed accounts payable and accrued liabilities92,00099,00097,9336,1683,5045,381
Deferred revenue20,00025,00024,9264,800✕✕
Debt1,376,00028,00031,026   
Other liabilities137,000106,000113,234   
Contract with customer, liability✕✕✕✕✕4,300✕
Other undisclosed current liabilities 50,000324,000344,6431,1713915,168
Total current liabilities:1,675,000582,000611,76212,1398,19510,549
Noncurrent Liabilities
Long-term debt and lease obligation2,427,0003,733,0004,850,256   
Long-term debt, excluding current maturities2,425,0003,733,0004,785,207   
Finance lease, liability2,000 3,744 ✕✕
Liabilities, other than long-term debt2,481,0002,425,0002,366,8961,005,113970,596936,969
Deferred revenue24,00035,00039,6491,800✕✕
Contract with customer, liability✕✕✕✕✕1,900✕
Deferred tax liabilities, net✕✕✕✕✕965,829932,593
Deferred income tax liabilities2,040,0001,998,0001,977,643999,757✕✕
Financial instruments subject to mandatory redemption, settlement terms, share value, amount202,000203,000202,917   
Other liabilities150,000189,000146,6873,5562,8674,376
Operating lease, liability65,000 61,305 ✕✕
Other undisclosed noncurrent liabilities58,00089,00027,791571,144521,028497,370
Total noncurrent liabilities:4,966,0006,247,0007,244,9431,576,2571,491,6241,434,339
Total liabilities:6,641,0006,829,0007,856,7051,588,3961,499,8191,444,888
Equity
Equity, attributable to parent, including:8,483,00010,127,00013,502,65910,667,94610,598,61810,486,901
Additional paid in capital3,318,0006,214,00010,319,7547,890,0847,938,3577,907,900
Accumulated other comprehensive income9,00014,00015,4368,1587,7788,424
Retained earnings5,155,0003,898,0003,165,5042,767,8852,650,6692,568,764
Other undisclosed equity, attributable to parent1,0001,0001,9651,8191,8141,813
Equity, attributable to noncontrolling interest18,00012,00011,760   
Total equity:8,501,00010,139,00013,514,41910,667,94610,598,61810,486,901
TOTAL LIABILITIES AND EQUITY:15,142,00016,968,00021,371,12412,256,34212,098,43711,931,789

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues975,000988,00050,70614,85922,25613,092
Revenue, net✕✕✕✕✕✕13,092
Cost of revenue(188,000)(184,000) (1,875)(32,232)(35,988)
Gross profit:787,000804,00050,70612,984(9,976)(22,896)
Operating expenses(826,000)(902,000)(116,283)(42,261)(2,038)(2,582)
Other undisclosed operating income   5,922   
Operating income (loss):(39,000)(98,000)(59,655)(29,277)(12,014)(25,478)
Nonoperating income (expense)380,000(29,000)(264,351)(76,800)(38,953)(13,343)
Investment income, nonoperating450,000(35,000)(266,645)(78,159)(39,035)(13,325)
Other nonoperating income (expense)(70,000)6,0002,2941,35982(18)
Interest and debt expense(133,000)(117,000)(28,158)(25,166)(23,302)(19,570)
Income (loss) from continuing operations before equity method investments, income taxes:208,000(244,000)(352,164)(131,243)(74,269)(58,391)
Income from equity method investments1,326,0001,194,000713,329286,401166,1462,508,991
Income from continuing operations before income taxes:1,534,000950,000361,165155,15891,8772,450,600
Income tax expense (benefit)(277,000)(218,000)36,443(37,942)(21,924)(416,933)
Income from continuing operations:1,257,000732,000397,608117,21669,9532,033,667
Income before gain (loss) on sale of properties:✕✕732,000397,608117,21669,9532,033,667
Net income:1,257,000732,000397,608117,21669,9532,033,667
Net income attributable to noncontrolling interest   11   
Net income available to common stockholders, diluted:1,257,000732,000397,619117,21669,9532,033,667

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,257,000732,000397,608117,21669,9532,033,667
Other comprehensive income (loss)(5,000)(1,000)7,278380(646)768
Comprehensive income:1,252,000731,000404,886117,59669,3072,034,435
Comprehensive income, net of tax, attributable to noncontrolling interest   11   
Comprehensive income, net of tax, attributable to parent:1,252,000731,000404,897117,59669,3072,034,435

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.

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