Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 250,220 $ 4,219 $ 739,038 $ 12,437
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses        
Operating, including stock-based compensation (note 9) $ 70,308 $ 2,523 $ 206,590 $ 7,515
Selling, general and administrative, including stock-based compensation and transaction costs (note 9) 110,065 17,968 324,936 37,316
Depreciation and amortization 68,130 56 198,766 1,041
Litigation settlement, net of recoveries (note 10) (23,520)   86,480  
Total operating costs and expenses 224,983 20,547 816,772 45,872
Operating income (loss) 25,237 (16,328) (77,734) (33,435)
Other income (expense):        
Interest expense (including amortization of deferred loan fees) (28,155) (3,719) (90,032) (14,711)
Share of earnings (losses) of affiliates (note 5) 314,563 188,586 752,390 408,396
Gain (loss) on dilution of investment in affiliate (note 5) (1,693) (35,284) (98,446) (140,610)
Realized and unrealized gains (losses) on financial instruments, net (note 4) (26,839) (39,324) (52,555) (39,324)
Other, net 14,788 8 29,382 199
Earnings (loss) before income taxes 297,901 93,939 463,005 180,515
Income tax (expense) benefit (61,073) (24,979) (117,784) (47,183)
Net earnings (loss) 236,828 68,960 345,221 133,332
Less net earnings (loss) attributable to the non-controlling interests (41)   (124)  
Net earnings (loss) attributable to Liberty Broadband shareholders $ 236,869 $ 68,960 $ 345,345 $ 133,332
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.31 $ 0.38 $ 1.84 $ 0.73
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 1.29 $ 0.38 $ 1.82 $ 0.73