v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Revenue $ 239 $ 242 $ 477 $ 489
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses        
Operating expense (exclusive of depreciation and amortization shown separately below) $ 60 $ 67 $ 126 $ 136
Selling, general and administrative, including stock-based compensation (note 8) 105 110 206 215
Depreciation and amortization 65 67 129 131
Litigation settlement, net of recoveries (note 9) 10   10 110
Total operating costs and expenses 240 244 471 592
Operating income (loss) (1) (2) 6 (103)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (30) (29) (56) (62)
Share of earnings (losses) of affiliate (note 4) 386 249 689 438
Gain (loss) on dilution of investment in affiliate (note 4) (11) (15) (67) (97)
Realized and unrealized gains (losses) on financial instruments, net (note 3) 77 (125) 214 (26)
Gain (loss) on dispositions, net (note 1) 179   179  
Other, net (18) 23 (39) 15
Earnings (loss) before income taxes 582 101 926 165
Income tax benefit (expense) (117) (45) (162) (57)
Net earnings (loss) 465 56 764 108
Net earnings (loss) attributable to Liberty Broadband shareholders $ 465 $ 56 $ 764 $ 108
Basic earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 2.89 $ 0.30 $ 4.66 $ 0.57
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 2.87 $ 0.30 $ 4.63 $ 0.56

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