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10-Q Filing

LIBERTY BROADBAND CORP CIK: 1611983 Q3 2018
Filing Information
Form Type 10-Q
Accession Number 0001558370-18-008265
Period End Date 20180930
Filing Date 20181101
Fiscal Year 2018
Fiscal Period Q3
XBRL Instance lbrd-20180930.xml
Balance Sheet 41 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $43.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.26M USD Point-in-time
Derivative instruments DerivativeInstrumentsAndHedges $50.00M USD Point-in-time
Other current assets OtherAssetsCurrent $2.21M USD Point-in-time
Other current assets OtherAssetsCurrent $2.80M USD Point-in-time
Total current assets AssetsCurrent $95.48M USD Point-in-time
Total current assets AssetsCurrent $84.05M USD Point-in-time
Investment in Charter, accounted for using the equity method EquityMethodInvestments $11.84B USD Point-in-time
Investment in Charter, accounted for using the equity method EquityMethodInvestments $11.98B USD Point-in-time
Other tangible and intangible assets, net OtherTangibleAndIntangibleAssetsNet $9.78M USD Point-in-time
Other tangible and intangible assets, net OtherTangibleAndIntangibleAssetsNet $12.07M USD Point-in-time
Other assets OtherAssetsNoncurrent $49.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $49.00K USD Point-in-time
Total assets Assets $12.08B USD Point-in-time
Total assets Assets $11.93B USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $5.38M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $3.09M USD Point-in-time
Deferred revenue and other current liabilities DeferredRevenueAndOtherCurrentLiabilities $6.91M USD Point-in-time
Deferred revenue and other current liabilities DeferredRevenueAndOtherCurrentLiabilities $5.17M USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.55M USD Point-in-time
Debt LongTermDebt $497.37M USD Point-in-time
Debt LongTermDebt $522.62M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $932.59M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $961.84M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $2.93M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $4.38M USD Point-in-time
Total liabilities Liabilities $1.50B 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 $7.78M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.57B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.64B USD Point-in-time
Total equity StockholdersEquity $10.59B USD Point-in-time
Total equity StockholdersEquity $10.49B 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 $12.08B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $11.93B USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Revenue Revenues $3.52M USD 1 Quarter
Revenue Revenues $18.68M USD 3 Qtrs
Revenue Revenues $9.64M USD 3 Qtrs
Revenue Revenues $3.43M USD 1 Quarter
Operating, including stock-based compensation OperatingExpenses $1.47M USD 3 Qtrs
Operating, including stock-based compensation OperatingExpenses $1.97M USD 3 Qtrs
Operating, including stock-based compensation OperatingExpenses $505.00K USD 1 Quarter
Operating, including stock-based compensation OperatingExpenses $646.00K USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $17.43M USD 3 Qtrs
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $18.10M USD 3 Qtrs
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $5.19M USD 1 Quarter
Selling, general and administrative, including stock-based compensation SellingGeneralAndAdministrativeExpense $6.19M USD 1 Quarter
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $4.39M USD 3 Qtrs
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $1.44M USD 1 Quarter
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $6.21M USD 3 Qtrs
Research and development, including stock-based compensation ResearchAndDevelopmentExpense $1.42M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $501.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.31M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $942.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.84M USD 3 Qtrs
Total operating costs and expenses CostsAndExpenses $9.22M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $25.60M USD 3 Qtrs
Total operating costs and expenses CostsAndExpenses $29.12M USD 3 Qtrs
Total operating costs and expenses CostsAndExpenses $7.61M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-6.92M USD 3 Qtrs
Operating income (loss) OperatingIncomeLoss $-19.48M USD 3 Qtrs
Operating income (loss) OperatingIncomeLoss $-5.79M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-4.10M USD 1 Quarter
Interest expense InterestExpense $5.52M USD 1 Quarter
Interest expense InterestExpense $5.97M USD 1 Quarter
Interest expense InterestExpense $17.04M USD 3 Qtrs
Interest expense InterestExpense $14.90M USD 3 Qtrs
Dividend and interest income InvestmentIncomeInterestAndDividend $585.00K USD 3 Qtrs
Dividend and interest income InvestmentIncomeInterestAndDividend $422.00K USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $167.00K USD 1 Quarter
Dividend and interest income InvestmentIncomeInterestAndDividend $1.22M USD 3 Qtrs
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $84.74M USD 1 Quarter
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $25.11M USD 3 Qtrs
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $-5.28M USD 1 Quarter
Share of earnings (losses) of affiliates IncomeLossFromEquityMethodInvestments $126.95M USD 3 Qtrs
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-3.72M USD 1 Quarter
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-35.16M USD 3 Qtrs
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-3.20M USD 1 Quarter
Gain (loss) on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-42.52M USD 3 Qtrs
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $3.66M USD 3 Qtrs
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $5.68M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $2.67M USD 1 Quarter
Realized and unrealized gains (losses) on financial instruments, net GainLossOnInvestments $5.03M USD 3 Qtrs
Other, net OtherNonoperatingIncomeExpense $11.00K USD 3 Qtrs
Other, net OtherNonoperatingIncomeExpense $9.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $83.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $83.00K USD 3 Qtrs
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-45.53M USD 3 Qtrs
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $72.15M USD 3 Qtrs
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-17.20M USD 1 Quarter
Net earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $77.40M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-18.25M USD 3 Qtrs
Income tax benefit (expense) IncomeTaxExpenseBenefit $17.76M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-7.33M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $17.00M USD 3 Qtrs
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $59.64M USD 1 Quarter
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $-27.29M USD 3 Qtrs
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $-9.86M USD 1 Quarter
Net earnings (loss) attributable to Liberty Broadband shareholders NetIncomeLoss $55.15M USD 3 Qtrs
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $-0.15 USD 3 Qtrs
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $0.30 USD 3 Qtrs
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $-0.05 USD 1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareBasic $0.33 USD 1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $0.30 USD 3 Qtrs
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $-0.05 USD 1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $-0.15 USD 3 Qtrs
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share EarningsPerShareDiluted $0.33 USD 1 Quarter
Cash Flow Statement 57 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $-27.29M USD 3 Qtrs
Net earnings (loss) ProfitLoss $55.15M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $942.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.84M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $2.31M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $501.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.38M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $4.20M USD 3 Qtrs
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $84.74M USD 1 Quarter
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $25.11M USD 3 Qtrs
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $-5.28M USD 1 Quarter
Share of (earnings) losses of affiliate, net IncomeLossFromEquityMethodInvestments $126.95M USD 3 Qtrs
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-35.16M USD 3 Qtrs
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-3.72M USD 1 Quarter
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-3.20M USD 1 Quarter
(Gain) loss on dilution of investment in affiliate GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome $-42.52M USD 3 Qtrs
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $3.66M USD 3 Qtrs
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $5.68M USD 1 Quarter
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $2.67M USD 1 Quarter
Realized and unrealized (gains) losses on financial instruments, net GainLossOnInvestments $5.03M USD 3 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $16.65M USD 3 Qtrs
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-18.26M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-1.08M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-1.18M USD 3 Qtrs
Current and other assets IncreaseDecreaseInOperatingAssets $1.46M USD 3 Qtrs
Current and other assets IncreaseDecreaseInOperatingAssets $-861.00K USD 3 Qtrs
Payables and other liabilities IncreaseDecreaseInOperatingLiabilities $-983.00K USD 3 Qtrs
Payables and other liabilities IncreaseDecreaseInOperatingLiabilities $2.72M USD 3 Qtrs
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-23.60M USD 3 Qtrs
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivities $-16.08M USD 3 Qtrs
Capital expended for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $35.00K USD 3 Qtrs
Capital expended for property and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.00K USD 3 Qtrs
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-14.00K USD 3 Qtrs
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-13.00K USD 3 Qtrs
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivities $-35.00K USD 3 Qtrs
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $500.00M USD 3 Qtrs
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $158.00M USD 3 Qtrs
Repayments of debt RepaymentsOfDebt $133.00M USD 3 Qtrs
Repayments of debt RepaymentsOfDebt $600.00M USD 3 Qtrs
Payments from issuances of financial instruments PaymentsForProceedsFromDerivativeInstrumentFinancingActivities $101.64M USD 3 Qtrs
Payments from issuances of financial instruments PaymentsForProceedsFromDerivativeInstrumentFinancingActivities $142.82M USD 3 Qtrs
Proceeds from settlements of financial instruments ProceedsFromDerivativeInstrumentFinancingActivities $96.48M USD 3 Qtrs
Proceeds from settlements of financial instruments ProceedsFromDerivativeInstrumentFinancingActivities $155.68M USD 3 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-534.00K USD 3 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-739.00K USD 3 Qtrs
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $-21.88M USD 3 Qtrs
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivities $-46.69M USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-70.30M USD 3 Qtrs
Net increase (decrease) in cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-37.99M USD 3 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 $43.27M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $135.43M 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 end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $205.73M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $43.27M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $135.43M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.26M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $10.59B USD Point-in-time
Balance StockholdersEquity $10.49B USD Point-in-time
Net earnings (loss) NetIncomeLoss $-27.29M USD 3 Qtrs
Net earnings (loss) NetIncomeLoss $-9.86M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $55.15M USD 3 Qtrs
Net earnings (loss) NetIncomeLoss $59.64M USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-646.00K USD 3 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $634.00K USD 3 Qtrs
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $260.00K USD 1 Quarter
Other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $-474.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.05M USD 3 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $716.00K USD 3 Qtrs
Cumulative effect of accounting change CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $10.73M USD Point-in-time
Noncontrolling interest activity at Charter NoncontrollingInterestActivityInSubsidiary $27.17M USD 3 Qtrs
Balance StockholdersEquity $10.59B USD Point-in-time
Balance StockholdersEquity $10.49B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net earnings (loss) NetIncomeLoss $-27.29M USD 3 Qtrs
Net earnings (loss) NetIncomeLoss $-9.86M USD 1 Quarter
Net earnings (loss) NetIncomeLoss $55.15M USD 3 Qtrs
Net earnings (loss) NetIncomeLoss $59.64M USD 1 Quarter
Share of other comprehensive earnings (loss) of equity affiliate and other OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $-474.00K USD 1 Quarter
Share of other comprehensive earnings (loss) of equity affiliate and other OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $634.00K USD 3 Qtrs
Share of other comprehensive earnings (loss) of equity affiliate and other OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $-646.00K USD 3 Qtrs
Share of other comprehensive earnings (loss) of equity affiliate and other OtherComprehensiveIncomeShareOfOtherComprehensiveEarningsLossOfEquityAffiliates $260.00K USD 1 Quarter
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-646.00K USD 3 Qtrs
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $634.00K USD 3 Qtrs
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $260.00K USD 1 Quarter
Other comprehensive earnings (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-474.00K USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $-9.60M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $59.16M USD 1 Quarter
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $54.50M USD 3 Qtrs
Comprehensive earnings (loss) attributable to Liberty Broadband shareholders ComprehensiveIncomeNetOfTax $-26.65M USD 3 Qtrs

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

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