10-Q Filing

LIBERTY BROADBAND CORP CIK: 1611983 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-003871`
Period End Date	20190331
Filing Date	20190502
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	lbrd-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 31 Cash Flow Statement 38 Stockholders Equity 17

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.18M	USD	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.10M	USD	Point-in-time
Preferred shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.47M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$74.30M	USD	Point-in-time
Investment in Charter, accounted for using the equity method (note 4)	`EquityMethodInvestments`	$12.00B	USD	Point-in-time
Investment in Charter, accounted for using the equity method (note 4)	`EquityMethodInvestments`	$12.00B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.49M	USD	Point-in-time
Total assets	`Assets`	$12.10B	USD	Point-in-time
Total assets	`Assets`	$12.08B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.50M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$4.69M	USD	Point-in-time
Deferred revenue and other current liabilities	`DeferredRevenueAndOtherCurrentLiabilities`	$2.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.20M	USD	Point-in-time
Debt (note 5)	`LongTermDebt`	$522.93M	USD	Point-in-time
Debt (note 5)	`LongTermDebt`	$523.24M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$965.83M	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$961.66M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.50B	USD	Point-in-time
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.94B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.94B	USD	Point-in-time
Accumulated other comprehensive earnings, net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.78M	USD	Point-in-time
Accumulated other comprehensive earnings, net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.64B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.65B	USD	Point-in-time
Total equity	`StockholdersEquity`	$10.60B	USD	Point-in-time
Total equity	`StockholdersEquity`	$10.49B	USD	Point-in-time
Total equity	`StockholdersEquity`	$10.51B	USD	Point-in-time
Total equity	`StockholdersEquity`	$10.59B	USD	Point-in-time
Commitments and contingencies (note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.10B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.08B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.79M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.46M	USD	1 Quarter
Operating, including stock-based compensation (note 6)	`OperatingExpenses`	$2.25M	USD	1 Quarter
Operating, including stock-based compensation (note 6)	`OperatingExpenses`	$1.91M	USD	1 Quarter
Selling, general and administrative, including stock-based compensation (note 6)	`SellingGeneralAndAdministrativeExpense`	$6.94M	USD	1 Quarter
Selling, general and administrative, including stock-based compensation (note 6)	`SellingGeneralAndAdministrativeExpense`	$6.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$909.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$468.00K	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$9.66M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$9.54M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.25M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-6.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.04M	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$225.00K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$418.00K	USD	1 Quarter
Share of earnings (losses) of affiliates (note 4)	`IncomeLossFromEquityMethodInvestments`	$9.30M	USD	1 Quarter
Share of earnings (losses) of affiliates (note 4)	`IncomeLossFromEquityMethodInvestments`	$34.85M	USD	1 Quarter
Gain (loss) on dilution of investment in affiliate (note 4)	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$-41.40M	USD	1 Quarter
Gain (loss) on dilution of investment in affiliate (note 4)	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$-26.76M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$5.00K	USD	1 Quarter
Net earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.02M	USD	1 Quarter
Net earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.88M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-4.95M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-4.57M	USD	1 Quarter
Net earnings (loss) attributable to Liberty Broadband shareholders	`NetIncomeLoss`	$-14.30M	USD	1 Quarter
Net earnings (loss) attributable to Liberty Broadband shareholders	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$-14.30M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-15.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$909.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$468.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.62M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.41M	USD	1 Quarter
Share of (earnings) losses of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$9.30M	USD	1 Quarter
Share of (earnings) losses of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$34.85M	USD	1 Quarter
(Gain) loss on dilution of investment in affiliate	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$-26.76M	USD	1 Quarter
(Gain) loss on dilution of investment in affiliate	`GainLossOnSaleOfPreviouslyUnissuedStockBySubsidiaryOrEquityInvesteeNonoperatingIncome`	$-41.40M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-4.57M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-4.95M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-302.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-394.00K	USD	1 Quarter
Current and other assets	`IncreaseDecreaseInOperatingAssets`	$-349.00K	USD	1 Quarter
Current and other assets	`IncreaseDecreaseInOperatingAssets`	$-1.28M	USD	1 Quarter
Payables and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-5.12M	USD	1 Quarter
Payables and other liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-2.98M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.70M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.56M	USD	1 Quarter
Capital expended for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Capital expended for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.65M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$541.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.65M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$541.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.17M	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-9.93M	USD	1 Quarter
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`	$83.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.09M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.18M	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`	$83.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.09M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.18M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$10.60B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.49B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.51B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.59B	USD	Point-in-time
Net earnings (loss)	`NetIncomeLoss`	$-14.30M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.52M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.35M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$541.00K	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.65M	USD	1 Quarter
Cumulative effect of accounting change	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$5.80M	USD	Point-in-time
Noncontrolling interest activity at Charter	`NoncontrollingInterestActivityInSubsidiary`	$1.26M	USD	1 Quarter
Noncontrolling interest activity at Charter	`NoncontrollingInterestActivityInSubsidiary`	$30.65M	USD	1 Quarter
Balance	`StockholdersEquity`	$10.60B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.49B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.51B	USD	Point-in-time
Balance	`StockholdersEquity`	$10.59B	USD	Point-in-time

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