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

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies

Summary of activity in the allowance for credit losses

Allowance for credit losses was not material as of December 31, 2020. A summary of activity in the allowance for credit losses for the years ended December 31, 2022 and 2021 is as follows (amounts in millions):


			Additions	Deductions
	Balance at		Charged to
	beginning of		costs and	Write-offs net	Balance at
	year		expenses	of recoveries	end of year
2022	$	4	4	(4)	4
2021	$	—	4	—	4

Schedule of Net Property and Equipment


	December 31,
	2022		2021

	amounts in millions
Land	$	16	16
Buildings (25 years)		105	98
Telephony transmission equipment and distribution facilities (5-20 years)		810	705
Cable transmission equipment and distribution facilities (5-30 years)		108	94
Support equipment and systems (3-20 years)		106	97
Fiber optic cable systems (15-25 years)		73	69
Other (2-20 years)		52	40
Construction in progress		126	108
		1,396	1,227
Accumulated depreciation		(385)	(196)
Property and equipment, net	$	1,011	1,031

Reconciliation of Asset Retirement Obligations

The asset retirement obligation is in Other liabilities in the consolidated balance sheets. Following is a reconciliation of the beginning and ending aggregate carrying amounts of the liability for asset retirement obligations (amounts in millions):


Balance at December 31, 2020	$	76
Liability incurred		1
Accretion expense		3
Liability settled		(1)
Balance at December 31, 2021		79
Liability incurred		—
Accretion expense		2
Liability settled		—
Balance at December 31, 2022	$	81

Revenue from Contracts with Customers by Customer Type and Service Offerings


	Years ended December 31,
	2022		2021	2020

	amounts in millions
GCI Holdings
Consumer Revenue
Data	$	231	214	7
Wireless		143	134	5
Other		55	86	3
Business Revenue
Data		392	364	12
Wireless		47	68	3
Other		24	27	1
Lease, grant, and revenue from subsidies		77	77	3
Total GCI Holdings		969	970	34
Corporate and other		6	18	17
Total	$	975	988	51

Schedule of Weighted Average Number of Shares


	Years ended December 31,
	2022	2021	2020

	number of shares in millions
Basic WASO	157	185	182
Potentially dilutive shares	1	1	1
Diluted WASO	158	186	183