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

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Revenue $ 1,016 $ 981 $ 975
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:      
Operating expense (exclusive of depreciation and amortization shown separately below) $ 257 $ 245 $ 253
Selling, general and administrative, including stock-based compensation (note 11) 460 433 432
Depreciation and amortization 207 230 262
Litigation settlement, net of recoveries (note 13)     67
Total operating costs and expenses 924 908 1,014
Operating income (loss) 92 73 (39)
Other income (expense):      
Interest expense (including amortization of deferred loan fees) (194) (206) (133)
Share of earnings (losses) of affiliate (note 5) 1,323 1,155 1,326
Gain (loss) on dilution of investment in affiliate (note 5) (32) (60) (63)
Realized and unrealized gains (losses) on financial instruments, net (note 4) (125) (101) 334
Gain (loss) on dispositions, net (note 1)     179
Other, net 18 27 (70)
Earnings (loss) before income taxes 1,082 888 1,534
Income tax benefit (expense) (213) (200) (277)
Net earnings (loss) 869 688 1,257
Net earnings (loss) attributable to Liberty Broadband shareholders $ 869 $ 688 $ 1,257
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Doller per share) $ 6.08 $ 4.71 $ 8.01
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Doller per share) $ 6.08 $ 4.68 $ 7.96