Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating costs and expenses:      
General and administrative, including stock-based compensation $ 36 $ 50 $ 39
Operating income (loss) (36) (50) (39)
Other income (expense):      
Interest expense (including amortization of deferred loan fees) (110) (145) (155)
Share of earnings (losses) of affiliate (note 6) (3,062) 1,323 1,155
Gain (loss) on dilution of investment in affiliate (note 6) (96) (32) (60)
Realized and unrealized gains (losses) on financial instruments, net (note 5) 51 (125) (101)
Other, net (1) 12 23
Earnings (loss) before income taxes (3,254) 983 823
Income tax benefit (expense) 923 (187) (175)
Net earnings (loss) from continuing operations (2,331) 796 648
Net earnings (loss) from discontinued operations (345) 73 40
Net earnings (loss) $ (2,676) $ 869 $ 688
Basic net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ (16.3) $ 5.57 $ 4.44
Basic net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) (2.41) 0.51 0.27
Diluted net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) (16.3) 5.57 4.41
Diluted net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ (2.41) $ 0.51 $ 0.27