Liberty Broadband Corporation (LBRDA) financial statements (2021 and earlier)

Company profile

Business Address 12300 LIBERTY BLVD
ENGLEWOOD, CO 80112
State of Incorp.
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,41850838120666454
Cash and cash equivalents1,41850838120665545
Short-term investments     99
Restricted cash and investments    004
Derivative instruments and hedges, assets    49  
Deferred tax assets    11
Other current assets7921331211
Other undisclosed current assets349   121
Total current assets:1,84752858425867880
Noncurrent Assets
Finance lease, right-of-use asset8 
Operating lease, right-of-use asset99 
Property, plant and equipment(10)   114
Long-term investments and receivables16,18012,19512,00411,8369,3152,8122,860
Long-term investments16,18012,19512,00411,8369,3152,8122,860
Intangible assets, net (including goodwill)1,420   151840
Goodwill746   6627
Intangible assets, net (excluding goodwill)674   91213
Other noncurrent assets1511090101
Deferred tax assets, net   5520
Other undisclosed noncurrent assets1,676  12   
Total noncurrent assets:19,52512,20412,01411,8489,3332,8872,924
TOTAL ASSETS:21,37112,25612,09811,9329,5913,5663,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9864581016
Other undisclosed accounts payable and accrued liabilities9864581016
Deferred revenue255
Debt31   400  
Derivative instruments and hedges, liabilities      75
Deferred revenue and credits 236
Contract with customer, liability4
Other liabilities113   222
Other undisclosed current liabilities345105   
Total current liabilities:6121281141215100
Noncurrent Liabilities
Long-term debt and lease obligation4,850      
Long-term debt, excluding current maturities4,785      
Finance lease, liability4 
Operating lease, liability61 
Liabilities, other than long-term debt2,3671,005971937507238
Deferred revenue and credits 3238
Deferred revenue402
Contract with customer, liability2
Deferred tax liabilities, net966933505  
Deferred income tax liabilities1,9781,000
Financial instruments subject to mandatory redemption, settlement terms, share value, amount203      
Other liabilities147434   
Other undisclosed noncurrent liabilities28571521497199400372
Total noncurrent liabilities:7,2451,5761,4921,434706402410
Total liabilities:7,8571,5881,5001,4451,118418509
Stockholders' equity
Stockholders' equity attributable to parent, including:13,50310,66810,59910,4878,4733,1482,495
Additional paid in capital10,3207,8907,9387,9087,9463,5382,835
Accumulated other comprehensive income15888898
Retained earnings (accumulated deficit)3,1662,7682,6512,569518(400)(349)
Other undisclosed stockholders' equity attributable to parent2222211
Stockholders' equity attributable to noncontrolling interest12      
Total stockholders' equity:13,51410,66810,59910,4878,4733,1482,495
TOTAL LIABILITIES AND EQUITY:21,37112,25612,09811,9329,5913,5663,004

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues51152213319169
Revenue, net13319169
Cost of revenue (2)(32)(36)(49)(26)(105)
Gross profit:5113(10)(23)(18)65(36)
Operating expenses(116)(42)(2)(3)(3)(6)(7)
Other undisclosed operating income6      
Operating income (loss):(60)(29)(12)(25)(21)59(43)
Nonoperating income (expense)(264)(77)(39)(13)870(3)(82)
Investment income, nonoperating(267)(78)(39)(13)870(3)(82)
Interest and debt expense(28)(25)(23)(20)(15)(7)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(352)(131)(74)(58)83448(126)
Income (loss) from equity method investments7132861662,509642(121)(128)
Other undisclosed income from continuing operations before income taxes     351
Income (loss) from continuing operations before income taxes:361155922,4511,476(70)(202)
Income tax expense (benefit)36(38)(22)(417)(558)2068
Net income (loss):398117702,034917(50)(135)
Net income attributable to noncontrolling interest0      
Net income (loss) available to common stockholders, diluted:398117702,034917(50)(135)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):398117702,034917(50)(135)
Other comprehensive income (loss)70(1)1(1)1 
Other undisclosed comprehensive income      0
Comprehensive income (loss):405118692,034916(49)(135)
Comprehensive income, net of tax, attributable to noncontrolling interest0      
Comprehensive income (loss), net of tax, attributable to parent:405118692,034916(49)(135)

Statements sources

The financial statements are based on the company's filings with the 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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