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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,000169,000375,000203,000301,000300,000
Cash and cash equivalents81,000169,000375,000203,000301,000300,000
Other undisclosed current assets312,000285,000285,000289,000250,000246,000
Total current assets:393,000454,000660,000492,000551,000546,000
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   3,000   
Operating lease, right-of-use asset   114,000   
Property, plant and equipment   (385,000)   
Long-term investments and receivables  11,609,00011,433,00011,547,00012,052,00012,903,000
Long-term investments  11,609,00011,433,00011,547,00012,052,00012,903,000
Intangible assets, net (including goodwill)1,247,0001,261,0001,271,0001,287,0001,301,0001,321,000
Goodwill755,000755,000755,000755,000755,000762,000
Intangible assets, net (excluding goodwill)492,000506,000516,000532,000546,000559,000
Other noncurrent assets253,000206,000180,000177,000191,000201,000
Other undisclosed noncurrent assets13,516,0001,599,0001,866,0001,616,0001,643,0001,659,000
Total noncurrent assets:15,016,00014,675,00014,482,00014,627,00015,187,00016,084,000
TOTAL ASSETS:15,409,00015,129,00015,142,00015,119,00015,738,00016,630,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:92,00086,00092,000113,000100,00097,000
Other undisclosed accounts payable and accrued liabilities92,00086,00092,000113,000100,00097,000
Deferred revenue24,00021,00020,00020,00021,00022,000
Debt5,0005,0001,376,0003,0003,00025,000
Other liabilities63,000152,000137,000108,000149,000154,000
Other undisclosed current liabilities10,00029,00050,000 175,000239,000
Total current liabilities:194,000293,0001,675,000244,000448,000537,000
Noncurrent Liabilities
Long-term debt and lease obligation3,729,0003,674,0002,427,0003,773,0003,770,0003,989,000
Long-term debt, excluding current maturities3,729,0003,674,0002,425,0003,773,0003,770,0003,989,000
Finance lease, liability   2,000   
Liabilities, other than long-term debt2,563,0002,493,0002,481,0002,404,0002,404,0002,417,000
Deferred revenue63,00062,00024,00038,00036,00035,000
Deferred income tax liabilities2,146,0002,074,0002,040,0002,007,0001,999,0002,002,000
Financial instruments subject to mandatory redemption, settlement terms, share value, amount202,000202,000202,000203,000203,000203,000
Other liabilities152,000155,000150,000156,000166,000177,000
Operating lease, liability   65,000   
Other undisclosed noncurrent liabilities84,00085,00058,000122,00088,00088,000
Total noncurrent liabilities:6,376,0006,252,0004,966,0006,299,0006,262,0006,494,000
Total liabilities:6,570,0006,545,0006,641,0006,543,0006,710,0007,031,000
Equity
Equity, attributable to parent, including:8,819,0008,566,0008,483,0008,560,0009,012,0009,583,000
Additional paid in capital3,286,0003,282,0003,318,0003,564,0004,319,0005,375,000
Accumulated other comprehensive income56,00059,0009,00018,00030,00010,000
Retained earnings5,476,0005,224,0005,155,0004,977,0004,662,0004,197,000
Other undisclosed equity, attributable to parent1,0001,0001,0001,0001,0001,000
Equity, attributable to noncontrolling interest20,00018,00018,00016,00016,00016,000
Total equity:8,839,0008,584,0008,501,0008,576,0009,028,0009,599,000
TOTAL LIABILITIES AND EQUITY:15,409,00015,129,00015,142,00015,119,00015,738,00016,630,000

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues245,000246,000250,000248,000239,000238,000
Cost of revenue(40,000)(42,000)(43,000)(49,000)(49,000)(47,000)
Gross profit:205,000204,000207,000199,000190,000191,000
Operating expenses(182,000)(188,000)(240,000)(211,000)(191,000)(184,000)
Operating income (loss):23,00016,000(33,000)(12,000)(1,000)7,000
Nonoperating income (expense)37,000(127,000)(21,000)114,000227,00060,000
Investment income, nonoperating35,000(141,000)(24,000)148,000245,00081,000
Other nonoperating income (expense)2,00014,0003,000(34,000)(18,000)(21,000)
Interest and debt expense(52,000)(45,000)(42,000)(35,000)(30,000)(26,000)
Income (loss) from continuing operations before equity method investments, income taxes:8,000(156,000)(96,000)67,000196,00041,000
Income from equity method investments318,000248,000328,000309,000386,000303,000
Income from continuing operations before income taxes:326,00092,000232,000376,000582,000344,000
Income tax expense(74,000)(23,000)(54,000)(61,000)(117,000)(45,000)
Income from continuing operations:252,00069,000178,000315,000465,000299,000
Income before gain (loss) on sale of properties:315,000465,000299,000
Net income available to common stockholders, diluted:252,00069,000178,000315,000465,000299,000

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:252,00069,000178,000315,000465,000299,000
Other comprehensive income (loss)(3,000)50,000(9,000)(12,000)20,000(4,000)
Comprehensive income, net of tax, attributable to parent:249,000119,000169,000303,000485,000295,000

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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