Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Revenue $ 262 $ 240 $ 753 $ 731
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:        
Operating expense (exclusive of depreciation and amortization shown separately below) $ 64 $ 59 $ 188 $ 180
Selling, general and administrative, including stock-based compensation (note 8) 113 105 329 322
Depreciation and amortization 55 55 157 169
Total operating costs and expenses 232 219 674 671
Operating income (loss) 30 21 79 60
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (46) (54) (149) (151)
Share of earnings (losses) of affiliate (note 4) 346 326 923 892
Gain (loss) on dilution of investment in affiliate (note 4) (8) (10) (40) (42)
Realized and unrealized gains (losses) on financial instruments, net (note 3) (144) (81) (85) (155)
Other, net 3 6 15 22
Earnings (loss) before income taxes 181 208 743 626
Income tax benefit (expense) (39) (46) (165) (143)
Net earnings (loss) 142 162 578 483
Net earnings (loss) attributable to Liberty Broadband shareholders $ 142 $ 162 $ 578 $ 483
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.99 $ 1.11 $ 4.04 $ 3.31
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.99 $ 1.10 $ 4.04 $ 3.29