Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Revenue $ 266 $ 245
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) $ 58 $ 62
Selling, general and administrative, including stock-based compensation (note 8) 112 105
Depreciation and amortization 53 50
Total operating costs and expenses 223 217
Operating income (loss) 43 28
Other income (expense):    
Interest expense (including amortization of deferred loan fees) (40) (51)
Share of earnings (losses) of affiliate (note 4) 318 280
Gain (loss) on dilution of investment in affiliate (note 4) (18) (28)
Realized and unrealized gains (losses) on financial instruments, net (note 3) (37) 76
Other, net (2) 4
Earnings (loss) before income taxes 264 309
Income tax benefit (expense) 4 (68)
Net earnings (loss) 268 241
Net earnings (loss) attributable to Liberty Broadband shareholders $ 268 $ 241
Basic net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Dollar per share) $ 1.87 $ 1.69
Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 2) (in Dollar per share) $ 1.87 $ 1.69