Liberty Broadband Corporation Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

12 Months Ended

Dec. 31, 2021


	Year ended December 31,
	2021		2020

	amounts in millions
Operating lease cost (1)	$	60	3

Finance lease cost
Depreciation of leased assets	$	1	1
Interest on lease liabilities		—	—
Total finance lease cost	$	1	1

(1)

Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.



	December 31, 2021		December 31, 2020
Weighted-average remaining lease term (years):
Finance leases	4.5		3.1
Operating leases	4.2		4.8
Weighted-average discount rate:
Finance leases	4.3	%	3.9	%
Operating leases	4.0	%	4.2	%


	Year ended December 31,
	2021		2020

	amounts in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	55	3
Operating cash outflows from finance leases	$	—	—
Financing cash outflows from finance leases	$	2	—
ROU assets obtained in exchange for lease obligations
Operating leases	$	108	—
Finance leases	$	—	—


	December 31,
	2021		2020

	amounts in millions
Operating leases:
Operating lease ROU assets, net (1)	$	154	99

Current operating lease liabilities (2)	$	50	34
Operating lease liabilities (3)		102	61
Total operating lease liabilities	$	152	95

Finance Leases:
Property and equipment, at cost	$	4	10
Accumulated depreciation		(1)	(1)
Property and equipment, net	$	3	9

Current obligations under finance leases (4)	$	1	4
Obligations under finance leases		2	4
Total finance lease liabilities	$	3	8

(1)

Operating lease ROU assets, net are included within the Other assets, net line item in the accompanying consolidated balance sheets.

(2)

Current operating lease liabilities are included within the Other current liabilities line item in the accompanying consolidated balance sheets.

(3)

Operating lease liabilities are included within the Other liabilities line item in the accompanying consolidated balance sheets.

(4)

Current obligations under finance leases are included within the Other current liabilities line item in the accompanying consolidated balance sheets.