Liberty Broadband Corporation (LBRDA) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1911,418508381206664
Cash and cash equivalents1911,418508381206655
Short-term investments      9
Restricted cash and investments     00
Derivative instruments and hedges, assets     49 
Other current assets 79213312
Other undisclosed current assets268349   12
Total current assets:4591,847528584258678
Noncurrent Assets
Finance lease, right-of-use asset38 
Operating lease, right-of-use asset15499 
Property, plant and equipment(196)(10)   11
Long-term investments and receivables13,26116,18012,19512,00411,8369,3152,812
Long-term investments13,26116,18012,19512,00411,8369,3152,812
Intangible assets, net (including goodwill)1,3351,420   1518
Goodwill762746   66
Intangible assets, net (excluding goodwill)573674   912
Other noncurrent assets210151109010
Deferred tax assets, net   55
Other undisclosed noncurrent assets1,7421,676  12  
Total noncurrent assets:16,50919,52512,20412,01411,8489,3332,887
TOTAL ASSETS:16,96821,37112,25612,09811,9329,5913,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9998645810
Other undisclosed accounts payable and accrued liabilities9998645810
Deferred revenue25255
Debt2831   400 
Deferred revenue and credits 23
Contract with customer, liability4
Other liabilities106113   22
Other undisclosed current liabilities324345105  
Total current liabilities:5826121281141215
Noncurrent Liabilities
Long-term debt and lease obligation3,7334,850     
Long-term debt, excluding current maturities3,7334,785     
Finance lease, liability 4 
Operating lease, liability 61 
Liabilities, other than long-term debt2,4252,3671,0059719375072
Deferred revenue and credits 32
Deferred revenue35402
Contract with customer, liability2
Deferred tax liabilities, net966933505 
Deferred income tax liabilities1,9981,9781,000
Financial instruments subject to mandatory redemption, settlement terms, share value, amount203203     
Other liabilities189147434  
Other undisclosed noncurrent liabilities8928571521497199400
Total noncurrent liabilities:6,2477,2451,5761,4921,434706402
Total liabilities:6,8297,8571,5881,5001,4451,118418
Stockholders' equity
Stockholders' equity attributable to parent, including:10,12713,50310,66810,59910,4878,4733,148
Additional paid in capital6,21410,3207,8907,9387,9087,9463,538
Accumulated other comprehensive income141588889
Retained earnings (accumulated deficit)3,8983,1662,7682,6512,569518(400)
Other undisclosed stockholders' equity attributable to parent1222221
Stockholders' equity attributable to noncontrolling interest1212     
Total stockholders' equity:10,13913,51410,66810,59910,4878,4733,148
TOTAL LIABILITIES AND EQUITY:16,96821,37112,25612,09811,9329,5913,566

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues988511522133191
Revenue, net133191
Cost of revenue(184) (2)(32)(36)(49)(26)
Gross profit:8045113(10)(23)(18)65
Operating expenses(902)(116)(42)(2)(3)(3)(6)
Other undisclosed operating income 6     
Operating income (loss):(98)(60)(29)(12)(25)(21)59
Nonoperating income (expense)(29)(264)(77)(39)(13)870(3)
Investment income, nonoperating(35)(267)(78)(39)(13)870(3)
Other nonoperating income (expense)6210(0)00
Interest and debt expense(117)(28)(25)(23)(20)(15)(7)
Income (loss) from continuing operations before equity method investments, income taxes:(244)(352)(131)(74)(58)83448
Income (loss) from equity method investments1,1947132861662,509642(121)
Other undisclosed income from continuing operations before income taxes      3
Income (loss) from continuing operations before income taxes:950361155922,4511,476(70)
Income tax expense (benefit)(218)36(38)(22)(417)(558)20
Net income (loss):732398117702,034917(50)
Net income attributable to noncontrolling interest 0     
Net income (loss) available to common stockholders, diluted:732398117702,034917(50)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):732398117702,034917(50)
Other comprehensive income (loss)(1)70(1)1(1)1
Comprehensive income (loss):731405118692,034916(49)
Comprehensive income, net of tax, attributable to noncontrolling interest 0     
Comprehensive income (loss), net of tax, attributable to parent:731405118692,034916(49)

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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