Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operation

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Condensed Consolidated Statements of Operation - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Revenue $ 245 $ 246
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:    
Operating expense (exclusive of depreciation and amortization shown separately below) $ 62 $ 62
Selling, general and administrative, including stock-based compensation (note 8) 105 110
Depreciation and amortization 50 58
Total operating costs and expenses 217 230
Operating income (loss) 28 16
Other income (expense):    
Interest expense (including amortization of deferred loan fees) (51) (45)
Share of earnings (losses) of affiliate (note 4) 280 248
Gain (loss) on dilution of investment in affiliate (note 4) (28) (27)
Realized and unrealized gains (losses) on financial instruments, net (note 3) 76 (114)
Other, net 4 14
Earnings (loss) before income taxes 309 92
Income tax benefit (expense) (68) (23)
Net earnings (loss) 241 69
Net earnings (loss) attributable to Liberty Broadband shareholders $ 241 $ 69
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.69 $ 0.47
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.69 $ 0.47