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10-Q Filing

LIBERTY BROADBAND CORP CIK: 1611983 Q2 2018
Filing Information
Form Type 10-Q
Accession Number 0001558370-18-006232
Period End Date 20180630
Filing Date 20180802
Fiscal Year 2018
Fiscal Period Q2
XBRL Instance lbrd-20180630.xml
Balance Sheet 41 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.26M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $52.46M USD Point-in-time
Derivative instruments DerivativeInstrumentsAndHedges $45.75M USD Point-in-time
Other current assets OtherAssetsCurrent $2.80M USD Point-in-time
Other current assets OtherAssetsCurrent $2.78M USD Point-in-time
Total current assets AssetsCurrent $100.98M USD Point-in-time
Total current assets AssetsCurrent $84.05M USD Point-in-time
Investment in Charter, accounted for using the equity method EquityMethodInvestments $11.89B USD Point-in-time
Investment in Charter, accounted for using the equity method EquityMethodInvestments $11.84B USD Point-in-time
Other tangible and intangible assets, net OtherTangibleAndIntangibleAssetsNet $12.07M USD Point-in-time
Other tangible and intangible assets, net OtherTangibleAndIntangibleAssetsNet $10.29M USD Point-in-time
Other assets OtherAssetsNoncurrent $49.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $17.00K USD Point-in-time
Total assets Assets $12.00B USD Point-in-time
Total assets Assets $11.93B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $2.69M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $5.38M USD Point-in-time
Deferred revenue and other current liabilities DeferredRevenueAndOtherCurrentLiabilities $5.17M USD Point-in-time
Deferred revenue and other current liabilities DeferredRevenueAndOtherCurrentLiabilities $9.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $11.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.55M USD Point-in-time
Debt LongTermDebt $497.37M USD Point-in-time
Debt LongTermDebt $523.16M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $932.59M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $943.40M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.98M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.38M USD Point-in-time
Total liabilities Liabilities $1.48B USD Point-in-time
Total liabilities Liabilities $1.44B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.94B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.91B USD Point-in-time
Accumulated other comprehensive earnings, net of taxes AccumulatedOtherComprehensiveIncomeLossNetOfTax $8.42M USD Point-in-time
Accumulated other comprehensive earnings, net of taxes AccumulatedOtherComprehensiveIncomeLossNetOfTax $8.25M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.57B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.57B USD Point-in-time
Total equity StockholdersEquity $10.49B USD Point-in-time
Total equity StockholdersEquity $10.52B 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 $11.93B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $12.00B USD Point-in-time
Income Statement 70 line items
Line Item Tag Value Unit Period
Revenue Revenues $6.21M USD 2 Qtrs
Revenue Revenues $15.16M USD 2 Qtrs
Revenue Revenues $3.37M USD 1 Quarter
Revenue Revenues $3.07M USD 1 Quarter
Operating, including stock-based compensation OperatingExpenses $707.00K USD 1 Quarter
Operating, including stock-based compensation OperatingExpenses $1.32M USD 2 Qtrs
Operating, including stock-based compensation OperatingExpenses $501.00K USD 1 Quarter
Operating, including stock-based compensation OperatingExpenses $967.00K USD 2 Qtrs
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $5.51M USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $12.24M USD 2 Qtrs
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $6.37M USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $11.91M USD 2 Qtrs
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $2.97M USD 2 Qtrs
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $2.38M USD 1 Quarter
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $1.53M USD 1 Quarter
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $4.77M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $949.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.90M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $1.81M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $899.00K USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $8.44M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $10.41M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $17.99M USD 2 Qtrs
Total operating costs and expenses CostsAndExpenses $19.91M USD 2 Qtrs
Operating income (loss) OperatingIncomeLoss $-13.70M USD 2 Qtrs
Operating income (loss) OperatingIncomeLoss $-5.07M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-7.33M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-2.83M USD 2 Qtrs
Interest expense InterestExpense $6.04M USD 1 Quarter
Interest expense InterestExpense $9.38M USD 2 Qtrs
Interest expense InterestExpense $11.07M USD 2 Qtrs
Interest expense InterestExpense $4.83M USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $459.00K USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $797.00K USD 2 Qtrs
Dividend and interest income InvestmentIncomeInterestAndDividend $418.00K USD 2 Qtrs
Dividend and interest income InvestmentIncomeInterestAndDividend $193.00K USD 1 Quarter
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $30.39M USD 2 Qtrs
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $11.47M USD 1 Quarter
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $32.91M USD 1 Quarter
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $42.21M USD 2 Qtrs
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-5.21M USD 1 Quarter
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-31.96M USD 2 Qtrs
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-6.66M USD 1 Quarter
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-38.80M USD 2 Qtrs
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $1.37M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $2.35M USD 2 Qtrs
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $-2.02M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $-2.02M USD 2 Qtrs
Other, net OtherNonoperatingIncomeExpense $3.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $2.00K USD 2 Qtrs
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.77M USD 1 Quarter
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.52M USD 1 Quarter
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.25M USD 2 Qtrs
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-28.33M USD 2 Qtrs
Income tax benefit (expense) IncomeTaxExpenseBenefit $4.19M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-757.00K USD 2 Qtrs
Income tax benefit (expense) IncomeTaxExpenseBenefit $-2.54M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-10.91M USD 2 Qtrs
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $-17.42M USD 2 Qtrs
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $-4.49M USD 2 Qtrs
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $-2.98M USD 1 Quarter
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $10.58M USD 1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $-0.10 USD 2 Qtrs
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $0.06 USD 1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $-0.02 USD 1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $-0.02 USD 2 Qtrs
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $-0.02 USD 1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $0.06 USD 1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $-0.10 USD 2 Qtrs
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $-0.02 USD 2 Qtrs
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-17.42M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-4.49M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-2.98M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $10.58M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.81M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $899.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.90M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $949.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.80M USD 2 Qtrs
Stock-based compensation ShareBasedCompensation $2.88M USD 2 Qtrs
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $42.21M USD 2 Qtrs
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $32.91M USD 1 Quarter
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $30.39M USD 2 Qtrs
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $11.47M USD 1 Quarter
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-6.66M USD 1 Quarter
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-38.80M USD 2 Qtrs
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-31.96M USD 2 Qtrs
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-5.21M USD 1 Quarter
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $1.37M USD 1 Quarter
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $2.35M USD 2 Qtrs
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $-2.02M USD 1 Quarter
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $-2.02M USD 2 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-756.00K USD 2 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-10.92M USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $-447.00K USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $-129.00K USD 2 Qtrs
Current and other assets IncreaseDecreaseInOperatingAssets $-335.00K USD 2 Qtrs
Current and other assets IncreaseDecreaseInOperatingAssets $442.00K USD 2 Qtrs
Payables and other liabilities IncreaseDecreaseInOperatingLiabilities $1.49M USD 2 Qtrs
Payables and other liabilities IncreaseDecreaseInOperatingLiabilities $6.51M USD 2 Qtrs
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-6.59M USD 2 Qtrs
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-11.31M USD 2 Qtrs
Capital expended for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $24.00K USD 2 Qtrs
Capital expended for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.00K USD 2 Qtrs
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-6.00K USD 2 Qtrs
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-3.00K USD 2 Qtrs
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-24.00K USD 2 Qtrs
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $25.00M USD 2 Qtrs
Payments from issuances of financial instruments PaymentsForProceedsFromDerivativeInstrumentFinancingActivities $101.64M USD 2 Qtrs
Payments from issuances of financial instruments PaymentsForProceedsFromDerivativeInstrumentFinancingActivities $94.25M USD 2 Qtrs
Proceeds from settlements of financial instruments ProceedsFromDerivativeInstrumentFinancingActivities $101.92M USD 2 Qtrs
Proceeds from settlements of financial instruments ProceedsFromDerivativeInstrumentFinancingActivities $46.48M USD 2 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $2.06M USD 2 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $588.00K USD 2 Qtrs
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $2.34M USD 2 Qtrs
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $-22.18M USD 2 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-8.97M USD 2 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-28.80M USD 2 Qtrs
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $205.73M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.26M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $52.46M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $196.75M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $52.46M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $196.75M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.26M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $205.73M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $10.49B USD Point-in-time
Balance StockholdersEquity $10.52B USD Point-in-time
Net earnings (loss) NetIncomeLoss $-17.42M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-4.49M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-2.98M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $10.58M USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $374.00K USD 2 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-172.00K USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $250.00K USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-172.00K USD 2 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.70M USD 2 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $588.00K USD 2 Qtrs
Cumulative effect of accounting change CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $5.80M USD Point-in-time
Noncontrolling interest activity at Charter NoncontrollingInterestActivityInSubsidiary $28.93M USD 2 Qtrs
Balance StockholdersEquity $10.49B USD Point-in-time
Balance StockholdersEquity $10.52B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-17.42M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-4.49M USD 2 Qtrs
Net earnings (loss) NetIncomeLoss $-2.98M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $10.58M USD 1 Quarter
Share of other comprehensive earnings (loss) of equity affiliate OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $374.00K USD 2 Qtrs
Share of other comprehensive earnings (loss) of equity affiliate OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $-172.00K USD 1 Quarter
Share of other comprehensive earnings (loss) of equity affiliate OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $-172.00K USD 2 Qtrs
Share of other comprehensive earnings (loss) of equity affiliate OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $250.00K USD 1 Quarter
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $374.00K USD 2 Qtrs
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-172.00K USD 1 Quarter
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $250.00K USD 1 Quarter
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-172.00K USD 2 Qtrs
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $-17.05M USD 2 Qtrs
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $-2.73M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $10.41M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $-4.66M USD 2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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