Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total Revenue $ 50,706 $ 14,859 $ 22,256
Operating costs and expenses      
Operating, including stock-based compensation (note 13) 20,443 9,450 7,994
Selling, general and administrative, including stock-based compensation and transaction costs 74,691 32,811 23,497
Depreciation and amortization 15,227 1,875 2,779
Total operating costs and expenses 110,361 44,136 34,270
Operating income (loss) (59,655) (29,277) (12,014)
Other income (expense):      
Interest expense (including amortization of deferred loan fees) (28,158) (25,166) (23,302)
Share of earnings (losses) of affiliate (note 7) 713,329 286,401 166,146
Gain (loss) on dilution of investment in affiliate (note 7) (183,575) (79,329) (43,575)
Realized and unrealized gains (losses) on financial instruments, net (note 6) (83,070) 1,170 3,659
Other, net 2,294 1,359 963
Earnings (loss) before income taxes 361,165 155,158 91,877
Income tax benefit (expense) 36,443 (37,942) (21,924)
Net earnings (loss) 397,608 117,216 69,953
Less net earnings (loss) attributable to the non-controlling interests (11)    
Net earnings (loss) attributable to Liberty Broadband shareholders $ 397,619 $ 117,216 $ 69,953
Basic earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ 2.18 $ 0.65 $ 0.39
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ 2.17 $ 0.64 $ 0.38
Skyhook revenue      
Revenue:      
Total Revenue $ 17,036 $ 14,859 $ 22,256
GCI Holdings revenue      
Revenue:      
Total Revenue $ 33,670