Liberty Broadband Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies

Summary of activity in the allowance for credit losses

A summary of activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022 is as follows (amounts in millions):


			Additions	Deductions
	Balance at		Charged to
	beginning of		costs and	Write-offs net	Balance at
	year		expenses	of recoveries	end of year
2024	$	5	4	(5)	4
2023	$	4	5	(4)	5
2022	$	4	4	(4)	4

Schedule of Net Property and Equipment


	December 31,
	2024		2023

	amounts in millions
Land	$	13	16
Buildings (25 years)		114	108
Telephony transmission equipment and distribution facilities (5-20 years)		899	832
Cable transmission equipment and distribution facilities (5-30 years)		156	118
Support equipment and systems (3-20 years)		128	112
Fiber optic cable systems (15-25 years)		130	128
Other (2-20 years)		87	72
Construction in progress		302	197
		1,829	1,583
Accumulated depreciation		(679)	(530)
Property and equipment, net	$	1,150	1,053

Reconciliation of Asset Retirement Obligations

Following is a reconciliation of the beginning and ending aggregate carrying amounts of the liability for asset retirement obligations (amounts in millions):


Balance at December 31, 2022	$	81
Liability incurred		1
Accretion expense		2
Liability settled		—
Balance at December 31, 2023		84
Liability incurred		1
Accretion expense		3
Liability settled		—
Balance at December 31, 2024	$	88

Revenue from Contracts with Customers by Customer Type and Service Offerings


	Years ended December 31,
	2024		2023	2022

	amounts in millions
GCI Holdings
Consumer Revenue
Data	$	238	233	231
Wireless		141	143	143
Other		41	41	55
Business Revenue
Data		465	424	392
Wireless		41	45	47
Other		14	18	24
Lease, grant, and revenue from subsidies		76	77	77
Total GCI Holdings		1,016	981	969
Corporate and other		—	—	6
Total	$	1,016	981	975

Schedule of Weighted Average Number of Shares


	Years ended December 31,
	2024	2023	2022

	number of shares in millions
Basic WASO	143	146	157
Potentially dilutive shares (1)	—	1	1
Diluted WASO	143	147	158

(1)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.