Liberty Broadband Corp

CIK:0001611983|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating costs and expenses:
General and administrative, including stock-based compensation	$ 4	$ 10	$ 9	$ 23
Operating income (loss)	(4)	(10)	(9)	(23)
Other income (expense):
Interest expense	(23)	(28)	(47)	(58)
Share of earnings (losses) of affiliate (note 5)	(2,653)	345	(2,345)	663
Gain (loss) on dilution of investment in affiliate (note 5)	(135)	(15)	(205)	(33)
Realized and unrealized gains (losses) on financial instruments, net (note 4)	20	76	17	39
Other, net	3	5	4	2
Earnings (loss) before income taxes	(2,792)	373	(2,585)	590
Income tax benefit (expense)	667	(17)	663
Net earnings (loss) from continuing operations	(2,125)	356	(1,922)	590
Net earnings (loss) from discontinued operations		27		61
Net earnings (loss)	$ (2,125)	$ 383	$ (1,922)	$ 651
Basic net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)	$ (14.86)	$ 2.49	$ (13.44)	$ 4.13
Basic net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)		0.19		0.43
Diluted net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)	$ (14.86)	2.49	$ (13.44)	4.13
Diluted net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)		$ 0.19		$ 0.43

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net earnings (loss)	$ (2,125)	$ 383	$ (1,922)	$ 651
Adjustments to reconcile net earnings (loss) to net cash from operating activities:
(Earnings) loss from discontinued operations				(61)
Stock-based compensation			2	2
Share of (earnings) losses of affiliate, net	2,653	(345)	2,345	(663)
(Gain) loss on dilution of investment in affiliate	135	15	205	33
Realized and unrealized (gains) losses on financial instruments, net	(20)	(76)	(17)	(39)
Deferred income tax expense (benefit)			(652)	6
Changes in operating assets and liabilities:
Current and other assets			2	9
Payables and other liabilities			9	6
Taxes payable			(90)
Net cash provided by (used in) operating activities			(118)	(56)
Cash flows from investing activities:
Cash received for Charter shares repurchased by Charter			595	600
Other investing activities, net			3	5
Net cash provided by (used in) investing activities			598	605
Cash flows from financing activities:
Borrowings of debt			1,239	500
Repayments of debt			(1,771)	(1,127)
Other financing activities, net				4
Net cash provided by (used in) financing activities			(532)	(623)
Net cash provided by (used in) discontinued operations:
Cash provided by (used in) operating activities			0	225
Cash provided by (used in) investing activities			0	(94)
Cash provided by (used in) financing activities			0	(90)
Net cash provided by (used in) discontinued operations			0	41
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents			(52)	(33)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period			95	229
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period	$ 43	$ 196	$ 43	$ 196

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 43	$ 57
Restricted cash and restricted cash equivalents	0	38
Other current assets	35	8
Total current assets	78	103
Investment in Charter, accounted for using the equity method (note 5)	5,507	8,670
Other assets, net	98	57
Total assets	5,683	8,830
Current liabilities:
Taxes payable		23
Current portion of debt, including zero and $956 measured at fair value, respectively (note 6)	864	956
Other current liabilities	18	8
Total current liabilities	882	987
Long-term debt, net (note 6)	359	790
Deferred income tax liabilities	495	1,155
Preferred stock (note 7)	199	200
Total liabilities	1,935	3,132
Equity
Additional paid-in capital	1,633	1,646
Accumulated other comprehensive earnings (loss), net of taxes		15
Retained earnings	2,114	4,036
Total stockholders' equity	3,748	5,698
Commitments and contingencies (note 9)
Total liabilities and equity	5,683	8,830
Series A common stock
Equity
Common stock
Series B common stock
Equity
Common stock
Series C common stock
Equity
Common stock	$ 1	$ 1