10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-15-000929 |
| Period End Date | 20150331 |
| Filing Date | 20150514 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | lbrd-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$763.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.06M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$44.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.25M | USD | Point-in-time |
| Trade and other receivables, net |
AccountsAndOtherReceivablesNetCurrent
|
$90.45M | USD | Point-in-time |
| Trade and other receivables, net |
AccountsAndOtherReceivablesNetCurrent
|
$617.00K | USD | Point-in-time |
| Short-term marketable securities |
MarketableSecuritiesCurrent
|
$9.00M | USD | Point-in-time |
| Short-term marketable securities |
MarketableSecuritiesCurrent
|
$9.00M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$20.59M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$11.28M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$14.72M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$1.88M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$885.05M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$80.43M | USD | Point-in-time |
| Investments in available-for-sale securities |
AvailableForSaleSecuritiesNoncurrent
|
$360.76M | USD | Point-in-time |
| Investments in available-for-sale securities |
AvailableForSaleSecuritiesNoncurrent
|
$355.20M | USD | Point-in-time |
| Investments in affiliates, accounted for using the equity method |
EquityMethodInvestments
|
$2.46B | USD | Point-in-time |
| Investments in affiliates, accounted for using the equity method |
EquityMethodInvestments
|
$2.50B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$3.59M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.25M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.17M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$27.17M | USD | Point-in-time |
| Intangible assets subject to amortization, net |
FiniteLivedIntangibleAssetsNet
|
$12.08M | USD | Point-in-time |
| Intangible assets subject to amortization, net |
FiniteLivedIntangibleAssetsNet
|
$12.91M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$32.92M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$19.54M | USD | Point-in-time |
| Other assets, at cost, net of accumulated amortization |
OtherAssetsNoncurrent
|
$676.00K | USD | Point-in-time |
| Other assets, at cost, net of accumulated amortization |
OtherAssetsNoncurrent
|
$725.00K | USD | Point-in-time |
| Total assets |
Assets
|
$3.77B | USD | Point-in-time |
| Total assets |
Assets
|
$3.00B | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$36.93M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$15.95M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$5.95M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$34.58M | USD | Point-in-time |
| Derivative instruments |
DerivativeLiabilitiesCurrent
|
$67.77M | USD | Point-in-time |
| Derivative instruments |
DerivativeLiabilitiesCurrent
|
$75.36M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.34M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$16.65M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$99.60M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$155.93M | USD | Point-in-time |
| Debt |
LongTermDebt
|
$372.00M | USD | Point-in-time |
| Debt |
LongTermDebt
|
$372.00M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$37.57M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$37.66M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$3.76M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$509.16M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$569.35M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.84B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$3.54B | USD | Point-in-time |
| Accumulated other comprehensive earnings, net of taxes |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$7.92M | USD | Point-in-time |
| Accumulated other comprehensive earnings, net of taxes |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$7.99M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-344.06M | USD | Point-in-time |
| Retained earnings (accumulated deficit) |
RetainedEarningsAccumulatedDeficit
|
$-349.38M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$3.20B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$3.77B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$3.00B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Service |
SalesRevenueServicesNet
|
$10.21M | USD | 1 Quarter |
| Service |
SalesRevenueServicesNet
|
$14.60M | USD | 1 Quarter |
| Product and technology |
OtherSalesRevenueNet
|
$2.32M | USD | 1 Quarter |
| Product and technology |
OtherSalesRevenueNet
|
$3.10M | USD | 1 Quarter |
| Total revenue |
SalesRevenueNet
|
$16.92M | USD | 1 Quarter |
| Total revenue |
SalesRevenueNet
|
$13.32M | USD | 1 Quarter |
| Operating, including stock-based compensation |
OperatingExpenses
|
$2.06M | USD | 1 Quarter |
| Operating, including stock-based compensation |
OperatingExpenses
|
$2.49M | USD | 1 Quarter |
| Selling, general and administrative, including stock-based compensation |
SellingGeneralAndAdministrativeExpense
|
$11.92M | USD | 1 Quarter |
| Selling, general and administrative, including stock-based compensation |
SellingGeneralAndAdministrativeExpense
|
$13.36M | USD | 1 Quarter |
| Research and development, including stock-based compensation |
ResearchAndDevelopmentExpense
|
$5.70M | USD | 1 Quarter |
| Research and development, including stock-based compensation |
ResearchAndDevelopmentExpense
|
$4.41M | USD | 1 Quarter |
| Gain on legal settlement |
GainLossRelatedToLitigationSettlement
|
$60.51M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.62M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.24M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$-37.16M | USD | 1 Quarter |
| Total operating costs and expenses |
CostsAndExpenses
|
$21.46M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$50.47M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-4.54M | USD | 1 Quarter |
| Interest Expense |
InterestExpense
|
$1.76M | USD | 1 Quarter |
| Dividend and interest income |
InvestmentIncomeInterestAndDividend
|
$1.04M | USD | 1 Quarter |
| Dividend and interest income |
InvestmentIncomeInterestAndDividend
|
$1.42M | USD | 1 Quarter |
| Share of earnings (losses) of affiliates |
IncomeLossFromEquityMethodInvestments
|
$-29.65M | USD | 1 Quarter |
| Share of earnings (losses) of affiliates |
IncomeLossFromEquityMethodInvestments
|
$-43.05M | USD | 1 Quarter |
| Realized and unrealized gains (losses) on financial instruments, net |
GainLossOnInvestmentsAndDerivativeInstrumentsNet
|
$-1.33M | USD | 1 Quarter |
| Realized and unrealized gains (losses) on financial instruments, net |
GainLossOnInvestmentsAndDerivativeInstrumentsNet
|
$-12.70M | USD | 1 Quarter |
| (Gain) loss on dilution of investment in affiliate |
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
|
$-45.84M | USD | 1 Quarter |
| (Gain) loss on dilution of investment in affiliate |
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
|
$-410.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-45.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-24.00K | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-91.35M | USD | 1 Quarter |
| Earnings (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.93M | USD | 1 Quarter |
| Income tax benefit (expense) |
IncomeTaxExpenseBenefit
|
$-33.63M | USD | 1 Quarter |
| Income tax benefit (expense) |
IncomeTaxExpenseBenefit
|
$-385.00K | USD | 1 Quarter |
| Net earnings (loss) attributable to Liberty Broadband shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-57.72M | USD | 1 Quarter |
| Net earnings (loss) attributable to Liberty Broadband shareholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$5.32M | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$0.05 | USD | 1 Quarter |
| Earnings Per Share, Basic |
EarningsPerShareBasic
|
$-0.65 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$-0.65 | USD | 1 Quarter |
| Earnings Per Share, Diluted |
EarningsPerShareDiluted
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-57.72M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$5.32M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.62M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.24M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$456.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.35M | USD | 1 Quarter |
| Cash payments for stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$2.00M | USD | 1 Quarter |
| Share of earnings (losses) of affiliates |
IncomeLossFromEquityMethodInvestments
|
$-29.65M | USD | 1 Quarter |
| Share of earnings (losses) of affiliates |
IncomeLossFromEquityMethodInvestments
|
$-43.05M | USD | 1 Quarter |
| Realized and unrealized (gains) losses on financial instruments, net |
GainLossOnInvestmentsAndDerivativeInstrumentsNet
|
$-1.33M | USD | 1 Quarter |
| Realized and unrealized (gains) losses on financial instruments, net |
GainLossOnInvestmentsAndDerivativeInstrumentsNet
|
$-12.70M | USD | 1 Quarter |
| (Gain) loss on dilution of investment in affiliate |
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
|
$-410.00K | USD | 1 Quarter |
| (Gain) loss on dilution of investment in affiliate |
GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome
|
$-45.84M | USD | 1 Quarter |
| Deferred Income Tax Expense (Benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-22.72M | USD | 1 Quarter |
| Deferred Income Tax Expense (Benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-45.42M | USD | 1 Quarter |
| Other non-cash charges (credits), net |
OtherNoncashIncomeExpense
|
$-2.00K | USD | 1 Quarter |
| Other non-cash charges (credits), net |
OtherNoncashIncomeExpense
|
$586.00K | USD | 1 Quarter |
| Current and other assets |
IncreaseDecreaseInOperatingAssets
|
$89.60M | USD | 1 Quarter |
| Current and other assets |
IncreaseDecreaseInOperatingAssets
|
$-240.00K | USD | 1 Quarter |
| Payables and other liabilities |
IncreaseDecreaseInOperatingLiabilities
|
$75.13M | USD | 1 Quarter |
| Payables and other liabilities |
IncreaseDecreaseInOperatingLiabilities
|
$57.88M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$45.26M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$14.92M | USD | 1 Quarter |
| Capital expended for property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$75.00K | USD | 1 Quarter |
| Capital expended for property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$139.00K | USD | 1 Quarter |
| Cash paid for acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$48.09M | USD | 1 Quarter |
| Amounts loaned to parent |
PaymentsToFundLongtermLoansToRelatedParties
|
$60.31M | USD | 1 Quarter |
| Repayments by former parent on loan receivable |
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
$18.98M | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$3.00K | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-78.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-89.56M | USD | 1 Quarter |
| Contribution from (distribution to) parent, net |
ProceedsFromContributionsFromParent
|
$48.10M | USD | 1 Quarter |
| Cash received from rights offering |
CashReceivedFromRightsOffering
|
$697.31M | USD | 1 Quarter |
| Proceeds from issuances of financial instruments |
ProceedsFromDerivativeInstrumentFinancingActivities
|
$30.16M | USD | 1 Quarter |
| Proceeds from issuances of financial instruments |
ProceedsFromDerivativeInstrumentFinancingActivities
|
$32.41M | USD | 1 Quarter |
| Payments from settlements of financial instruments |
PaymentsForDerivativeInstrumentFinancingActivities
|
$32.41M | USD | 1 Quarter |
| Payments from settlements of financial instruments |
PaymentsForDerivativeInstrumentFinancingActivities
|
$30.16M | USD | 1 Quarter |
| Excess Tax Benefit from Share-based Compensation, Financing Activities |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$2.00M | USD | 1 Quarter |
| Other financing activities, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$4.16M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$48.10M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$703.47M | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$718.32M | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.81M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$763.13M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.06M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$44.81M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.25M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$763.13M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.06M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$44.81M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.25M | USD | Point-in-time |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.20B | USD | Point-in-time |
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-57.72M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$5.32M | USD | 1 Quarter |
| Other comprehensive earnings (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-1.31M | USD | 1 Quarter |
| Other comprehensive earnings (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$75.00K | USD | 1 Quarter |
| Stock compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.28M | USD | 1 Quarter |
| Issuance of common stock upon exercise of stock options |
IssuanceOfCommonStockUponExerciseOfStockOptions
|
$107.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitsFromStockBasedCompensation
|
$2.00M | USD | 1 Quarter |
| Common stock issued pursuant to the rights offering |
CommonStockIssuedPursuantToRightsOffering
|
$697.31M | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$2.49B | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.20B | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-57.72M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$5.32M | USD | 1 Quarter |
| Unrealized holding gains (losses) arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-2.42M | USD | 1 Quarter |
| Unrealized holding gains (losses) arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-251.00K | USD | 1 Quarter |
| Share of other comprehensive earnings (loss) of equity affiliates |
OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates
|
$326.00K | USD | 1 Quarter |
| Share of other comprehensive earnings (loss) of equity affiliates |
OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates
|
$1.10M | USD | 1 Quarter |
| Other comprehensive earnings (loss), net of taxes |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-1.31M | USD | 1 Quarter |
| Other comprehensive earnings (loss), net of taxes |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$75.00K | USD | 1 Quarter |
| Comprehensive earnings (loss) attributable to Liberty Broadband shareholders |
ComprehensiveIncomeNetOfTax
|
$5.39M | USD | 1 Quarter |
| Comprehensive earnings (loss) attributable to Liberty Broadband shareholders |
ComprehensiveIncomeNetOfTax
|
$-59.03M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.