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

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of components of lease cost and remaining weighted-average lease term and the weighted-average discount rate


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Operating lease cost (1)	$	62	59	60

Finance lease cost
Depreciation of leased assets	$	1	1	1
Total finance lease cost	$	1	1	1

(1)

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


	December 31,
	2023		2022		2021
Weighted-average remaining lease term (years):
Finance leases	2.5		3.5		4.5
Operating leases	4.1		3.9		4.2
Weighted-average discount rate:
Finance leases	4.3	%	4.3	%	4.3	%
Operating leases	7.7	%	6.0	%	4.0	%


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	59	57	55
Financing cash outflows from finance leases	$	1	1	2
ROU assets obtained in exchange for lease obligations
Operating leases	$	41	11	108

Schedule of supplemental balance sheet information related to leases


	December 31,
	2023		2022

	amounts in millions
Operating leases:
Operating lease ROU assets, net (1)	$	105	114

Current operating lease liabilities (2)	$	45	45
Operating lease liabilities (3)		56	65
Total operating lease liabilities	$	101	110

Finance Leases:
Property and equipment, at cost	$	8	4
Accumulated depreciation		(2)	(1)
Property and equipment, net	$	6	3

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

(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.

Schedule of future lease payments under finance leases


	Finance Leases		Operating Leases	Tower Obligations

	amounts in millions
2024	$	1	48	8
2025		1	24	8
2026		—	22	8
2027		—	8	8
2028		—	5	9
Thereafter		—	13	91
Total payments		2	120	132
Less: imputed interest		—	19	48
Total liabilities	$	2	101	84

Schedule of future lease payments under operating leases


	Finance Leases		Operating Leases	Tower Obligations

	amounts in millions
2024	$	1	48	8
2025		1	24	8
2026		—	22	8
2027		—	8	8
2028		—	5	9
Thereafter		—	13	91
Total payments		2	120	132
Less: imputed interest		—	19	48
Total liabilities	$	2	101	84

Schedule of future lease payments under tower obligations


	Finance Leases		Operating Leases	Tower Obligations

	amounts in millions
2024	$	1	48	8
2025		1	24	8
2026		—	22	8
2027		—	8	8
2028		—	5	9
Thereafter		—	13	91
Total payments		2	120	132
Less: imputed interest		—	19	48
Total liabilities	$	2	101	84