Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating costs and expenses:        
General and administrative, including stock-based compensation $ 4 $ 10 $ 9 $ 23
Operating income (loss) (4) (10) (9) (23)
Other income (expense):        
Interest expense (23) (28) (47) (58)
Share of earnings (losses) of affiliate (note 5) (2,653) 345 (2,345) 663
Gain (loss) on dilution of investment in affiliate (note 5) (135) (15) (205) (33)
Realized and unrealized gains (losses) on financial instruments, net (note 4) 20 76 17 39
Other, net 3 5 4 2
Earnings (loss) before income taxes (2,792) 373 (2,585) 590
Income tax benefit (expense) 667 (17) 663  
Net earnings (loss) from continuing operations (2,125) 356 (1,922) 590
Net earnings (loss) from discontinued operations   27   61
Net earnings (loss) $ (2,125) $ 383 $ (1,922) $ 651
Basic net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ (14.86) $ 2.49 $ (13.44) $ 4.13
Basic net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)   0.19   0.43
Diluted net earnings (loss) from continuing operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3) $ (14.86) 2.49 $ (13.44) 4.13
Diluted net earnings (loss) from discontinued operations attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share (note 3)   $ 0.19   $ 0.43