v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Revenue $ 248 $ 250 $ 725 $ 739
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) $ 64 $ 71 $ 190 $ 207
Selling, general and administrative, including stock-based compensation (note 8) 111 110 317 325
Depreciation and amortization 66 68 195 199
Litigation settlement, net of recoveries (note 9) 19 (24) 29 86
Total operating costs and expenses 260 225 731 817
Operating income (loss) (12) 25 (6) (78)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (35) (28) (91) (90)
Share of earnings (losses) of affiliate (note 4) 309 314 998 752
Gain (loss) on dilution of investment in affiliate (note 4)   (1) (67) (98)
Realized and unrealized gains (losses) on financial instruments, net (note 3) 148 (27) 362 (53)
Gain (loss) on dispositions, net (note 1)   12 179 12
Other, net (34) 3 (73) 18
Earnings (loss) before income taxes 376 298 1,302 463
Income tax benefit (expense) (61) (61) (223) (118)
Net earnings (loss) 315 237 1,079 345
Net earnings (loss) attributable to Liberty Broadband shareholders $ 315 $ 237 $ 1,079 $ 345
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 2.07 $ 1.31 $ 6.74 $ 1.84
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 2.05 $ 1.29 $ 6.70 $ 1.82

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