Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Revenue $ 246,534 $ 4,104
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses    
Operating, including stock-based compensation (note 9) $ 69,178 $ 2,468
Selling, general and administrative, including stock-based compensation and transaction costs (note 9) 104,473 8,418
Depreciation and amortization 63,762 493
Litigation settlement 110,000  
Total operating costs and expenses 347,413 11,379
Operating income (loss) (100,879) (7,275)
Other income (expense):    
Interest expense (including amortization of deferred loan fees) (33,143) (5,861)
Share of earnings (losses) of affiliates (note 5) 188,979 61,682
Gain (loss) on dilution of investment in affiliate (note 5) (82,215) (59,325)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 99,348  
Other, net (8,126) 163
Earnings (loss) before income taxes 63,964 (10,616)
Income tax (expense) benefit (11,785) 2,774
Net earnings (loss) 52,179 (7,842)
Less net earnings (loss) attributable to the non-controlling interests (41)  
Net earnings (loss) attributable to Liberty Broadband shareholders $ 52,220 $ (7,842)
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.27 $ (0.04)
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.27 $ (0.04)