v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Revenue $ 246 $ 245 $ 491 $ 491
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) $ 62 $ 59 $ 124 $ 121
Selling, general and administrative, including stock-based compensation (note 8) 111 107 216 217
Depreciation and amortization 52 56 102 114
Total operating costs and expenses 225 222 442 452
Operating income (loss) 21 23 49 39
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (52) (52) (103) (97)
Share of earnings (losses) of affiliate (note 4) 297 318 577 566
Gain (loss) on dilution of investment in affiliate (note 4) (4) (5) (32) (32)
Realized and unrealized gains (losses) on financial instruments, net (note 3) (17) 40 59 (74)
Other, net 8 2 12 16
Earnings (loss) before income taxes 253 326 562 418
Income tax benefit (expense) (58) (74) (126) (97)
Net earnings (loss) 195 252 436 321
Net earnings (loss) attributable to Liberty Broadband shareholders $ 195 $ 252 $ 436 $ 321
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.36 $ 1.73 $ 3.05 $ 2.20
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.36 $ 1.71 $ 3.05 $ 2.18

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