v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Revenue $ 238 $ 247
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses    
Operating expense (exclusive of depreciation and amortization shown separately below) $ 66 $ 69
Selling, general and administrative, including stock-based compensation (note 8) 101 105
Depreciation and amortization 64 64
Litigation settlement, net of recoveries (note 9)   110
Total operating costs and expenses 231 348
Operating income (loss) 7 (101)
Other income (expense):    
Interest expense (including amortization of deferred loan fees) (26) (33)
Share of earnings (losses) of affiliate (note 4) 303 189
Gain (loss) on dilution of investment in affiliate (note 4) (56) (82)
Realized and unrealized gains (losses) on financial instruments, net (note 3) 137 99
Other, net (21) (8)
Earnings (loss) before income taxes 344 64
Income tax benefit (expense) (45) (12)
Net earnings (loss) 299 52
Net earnings (loss) attributable to Liberty Broadband shareholders $ 299 $ 52
Basic earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.79 $ 0.27
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.77 $ 0.27

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