Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Revenue $ 988 $ 51 $ 15
Operating costs and expenses      
Operating expense (exclusive of depreciation and amortization shown separately below) 282 20 9
Selling, general and administrative, including stock-based compensation and transaction costs (note 12) 442 76 33
Depreciation and amortization 267 15 2
Litigation settlement, net of recoveries (note 14) 95    
Total operating costs and expenses 1,086 111 44
Operating income (loss) (98) (60) (29)
Other income (expense):      
Interest expense (including amortization of deferred loan fees) (117) (28) (25)
Share of earnings (losses) of affiliate (note 6) 1,194 713 286
Gain (loss) on dilution of investment in affiliate (note 6) (102) (184) (79)
Realized and unrealized gains (losses) on financial instruments, net (note 5) 67 (83) 1
Other, net 6 3 1
Earnings (loss) before income taxes 950 361 155
Income tax benefit (expense) (218) 37 (38)
Net earnings (loss) 732 398 117
Net earnings (loss) attributable to Liberty Broadband shareholders $ 732 $ 398 $ 117
Basic earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 3.97 $ 2.18 $ 0.65
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 3.93 $ 2.17 $ 0.64