Liberty Broadband Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Tower Sale and Leaseback (Tables)

Tower Sale and Leaseback (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Impact of Sale Leaseback Transactions

The following table summarizes the impacts to the Consolidated Balance Sheets (amounts in thousands):



	December 31, 2017		December 31, 2016
Property and equipment, net ⁽¹⁾	$	19,094	$	18,792
Tower obligations⁽²⁾	$	93,606	$	87,653
⁽¹⁾Property conveyed to Vertical Bridge as part of the Tower Transaction, but remains on our Consolidated Balance Sheets.
⁽²⁾ Excluding current portion and net of deferred transaction costs.

Schedule of Future Minimum Lease Payments for Tower Obligation

Future minimum payments related to the Tower Obligations, including expected renewals and excluding deferred transaction costs, are summarized below (amounts in thousands):



Years ending December 31,	Total
2018	$	7,465
2019	7,615
2020	7,767
2021	7,922
2022	8,081
2023 and thereafter	149,300
Total minimum payments	188,150
Less amount representing interest	91,978
Tower obligations	$	96,172

A summary of future minimum lease payments follows (amounts in thousands):



Years ending December 31:	Operating		Capital
2018	$	48,409	13,440
2019	38,293		13,450
2020	27,566		13,459
2021	19,806		12,044
2022	11,715		5,293
2023 and thereafter	28,298		2,411
Total minimum lease payments	$	174,087	60,097
Less amount representing interest			9,781
Less current maturity of obligations under capital leases			10,028
Long-term obligations under capital leases, excluding current maturity			$	40,288