Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Revenue $ 246 $ 238
Revenue, Product and Service [Extensible List] us-gaap:ServiceMember us-gaap:ServiceMember
Operating costs and expenses:    
Operating expense (exclusive of depreciation and amortization shown separately below) $ 62 $ 66
Selling, general and administrative, including stock-based compensation (note 8) 110 101
Depreciation and amortization 58 64
Total operating costs and expenses 230 231
Operating income (loss) 16 7
Other income (expense):    
Interest expense (including amortization of deferred loan fees) (45) (26)
Share of earnings (losses) of affiliate (note 4) 248 303
Gain (loss) on dilution of investment in affiliate (note 4) (27) (56)
Realized and unrealized gains (losses) on financial instruments, net (note 3) (114) 137
Other, net 14 (21)
Earnings (loss) before income taxes 92 344
Income tax benefit (expense) (23) (45)
Net earnings (loss) 69 299
Net earnings (loss) attributable to Liberty Broadband shareholders $ 69 $ 299
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.47 $ 1.79
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) $ 0.47 $ 1.77