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

Investments in Affiliates Accounted for Using the Equity Method (Tables)

12 Months Ended

Dec. 31, 2014

Consolidated Balance Sheets


	December 31,		December 31,
	2014		2013
	amounts in millions
Current assets	$	371	322
Property and equipment, net		8,373	7,981
Goodwill		1,168	1,177
Intangible assets		7,111	7,398
Other assets		7,527	417
Total assets	$	24,550	17,295
Current liabilities	$	1,635	1,467
Deferred income taxes		1,674	1,431
Long-term debt		21,023	14,181
Other liabilities		72	65
Equity		146	151
Total liabilities and equity	$	24,550	17,295

Consolidated Statements of Operations


	Years ended December 31,
	2014		2013
	amounts in millions
Revenue	$	9,108	8,155
Cost and expenses:
Operating costs and expenses (excluding depreciation and amortization)		5,973	5,345
Depreciation and amortization		2,102	1,854
Other operating expenses, net		62	47
		8,137	7,246
Operating income		971	909
Interest expense		(911)	(846)
Loss on extinguishment of debt		—	(123)
Other income (expense), net		(7)	11
Income tax (expense) benefit		(236)	(120)
Net earnings (loss)	$	(183)	(169)

Such amount has been allocated within memo accounts used for equity method accounting purposes as follows (amounts in millions):


Property and equipment	$	433.9
Customer relationships		664.1
Franchise fees		1,451.4
Trademarks		36.2
Goodwill		960.1
Debt		(221.5)
Deferred income tax liability		(862.9)
	$	2,461.3