Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total Revenue $ 4,219 $ 3,713 $ 12,437 $ 10,918
Operating costs and expenses        
Operating, including stock-based compensation (note 6) 2,523 2,323 7,515 6,803
Selling, general and administrative, including stock-based compensation (note 6) 17,968 8,507 37,316 23,662
Depreciation and amortization 56 471 1,041 1,408
Total operating costs and expenses 20,547 11,301 45,872 31,873
Operating income (loss) (16,328) (7,588) (33,435) (20,955)
Other income (expense):        
Interest expense (3,719) (6,123) (14,711) (19,008)
Share of earnings (losses) of affiliates (note 4) 188,586 61,633 408,396 141,882
Gain (loss) on dilution of investment in affiliate (note 4) (35,284) (11,219) (140,610) (68,944)
Realized and unrealized gains (losses) on financial instruments, net (note 3) (39,324) (433) (39,324) (433)
Other, net 8 350 199 1,179
Net earnings (loss) before income taxes 93,939 36,620 180,515 33,721
Income tax benefit (expense) (24,979) (9,124) (47,183) (8,474)
Net earnings (loss) attributable to Liberty Broadband shareholders $ 68,960 $ 27,496 $ 133,332 $ 25,247
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.38 $ 0.15 $ 0.73 $ 0.14
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.38 $ 0.15 $ 0.73 $ 0.14
Software sales        
Revenue:        
Total Revenue $ 4,209 $ 3,713 $ 12,317 $ 10,918
Service        
Revenue:        
Total Revenue $ 10   $ 120