1 month ago - zacks.com

Liberty Broadband (LBRDK) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $0.47 per share a year ago.

1 month ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Reports First Quarter 2024 Financial Results.

4 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock.

4 months ago - seekingalpha.com

Liberty Broadband Corporation (LBRDK) Q4 2023 Earnings Call Transcript

4 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP) today reported fourth quarter and year end 2023 results.

5 months ago - seekingalpha.com

Following its Q4/23 earnings release, Charter Communications and its major shareholder Liberty Broadband crashed 16%. Since I don't believe fundamentals justify such a steep sell-off, the investment case for Liberty Broadband has become even more compelling. Liberty Broadband is virtually certain to outperform Charter over the long-term thanks to a 28% NAV discount and accretive buybacks.

5 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Announces Fourth Quarter Earnings Release and Conference Call.

6 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock.

8 months ago - seekingalpha.com

Liberty Broadband Corporation (NASDAQ:LBRDK ) Q3 2023 Earnings Conference Call November 3, 2023 11:15 AM ET Company Participants Shane Kleinstein - VP, IR Greg Maffei - President & CEO Brian Wendling - Chief Accounting & Principal Financial Officer Ron Duncan - CEO, GCI Pete Pounds - CFO, GCI Conference Call Participants Kutgun Maral - Evercore ISI Ben Swinburne - Morgan Stanley Michael Rollins - Citi Operator Welcome to the Liberty Broadband 2023 Third Quarter Earnings Call. During the presentation, all participants will be in a listen-only mode.

8 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Reports Third Quarter 2023 Financial Results.

8 months ago - seekingalpha.com

Liberty Broadband's discount to NAV has grown to over 30%, while its main asset Charter also looks undervalued. Overall, the total discount to Liberty Broadband's underlying intrinsic value likely exceeds 50%. Potential near-term catalysts for closing the discount are limited, but patient long-term investors will very likely be rewarded.

10 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation to Present at Goldman Sachs Communacopia & Technology Conference.

10 months ago - prnewswire.com

$35 million grant will deliver connectivity to Tununak, Toksook Bay and Emmonak ANCHORAGE, Alaska , Aug. 22, 2023 /PRNewswire/ -- GCI announced today that it has been awarded a $35 million grant from the U.S. Department of Agriculture Rural Development's ReConnect program to bring fiber-optic connectivity to Toksook Bay, Emmonak, and Tununak. Connectivity will be delivered to the three communities through an expansion of the AIRRAQ Network, a joint GCI-Bethel Native Corporation (BNC) project to deliver high-speed broadband service to communities in the Yukon-Kuskokwim Delta.

10 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock.

11 months ago - seekingalpha.com

Liberty Broadband Corporation (NASDAQ:LBRDK ) Q2 2023 Earnings Conference Call August 4, 2023 11:15 AM ET Company Participants Shane Kleinstein - Vice President, Investor Relations Greg Maffei - President and CEO Brian Wendling - Chief Accounting Officer and Principal Financial Officer Ron Duncan - Chief Executive Officer, GCI Pete Pounds - Chief Financial Officer, GCI Conference Call Participants Michael Rollins - Citi Operator Welcome to the Liberty Broadband 2023 Q2 Earnings Call. During the presentation, all participants will be in a listen-only mode.

11 months ago - zacks.com

Liberty Broadband (LBRDK) came out with quarterly earnings of $1.71 per share, missing the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.87 per share a year ago.

11 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Reports Second Quarter 2023 Financial Results.

12 months ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Announces Second Quarter Earnings Release and Conference Call and Website Postings of Upcoming Media Appearances.

1 year ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP) will be holding its virtual Annual Meeting of Stockholders on Tuesday, June 6, 2023 at 8:30 a.m. M.T. Stockholders of record as of the record date will be able to listen, vote and submit questions pertaining to the annual meeting by logging in at www.virtualshareholdermeeting.com/LBRD2023. The record date for the meeting is 5:00 p.m., New York City time, on April 10, 2023. Stockholders will need the 16-digit control number that is printed in the box marked by the arrow on the stockholder’s proxy card or Notice of Internet Availability of Proxy Materials for the Liberty Broadband meeting to enter the virtual annual meeting website. A technical support number will become available at the virtual meeting link 10 minutes prior to the scheduled meeting time. In addition, access to the meeting will be available on the Liberty Broadband website. All interested persons should visit https://www.libertybroadband.com/investors/news-events/ir-calendar to access the webcast. An archive of the webcast will also be available on this website after appropriate filings have been made with the SEC. About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband’s principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services over the past 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

1 year ago - prnewswire.com

More than 80% of Alaskans have access to GCI's fiber network that provides top speeds, affordable plans and unlimited data ANCHORAGE, Ala., May 8, 2023 /PRNewswire/ -- GCI is closing the digital divide across Alaska with new consumer plans that are often faster than those offered by Internet Service Providers in the Lower 48.

1 year ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP) today reported first quarter 2023 results. Headlines include(1): Fair value of Charter investment was $16.8 billion as of March 31st Issued $1.3 billion aggregate principal amount of 3.125% exchangeable senior debentures due 2053 and used net proceeds and cash on hand to repurchase $1.4 billion of near-term liabilities Liberty Broadband did not sell Charter shares to Charter from February 1st through April 30th as its fully diluted equity interest in Charter remained below 26%(2) From February 1st through April 30th, Liberty Broadband repurchased 137 thousand LBRDA/K shares at an average price per share of $92.84 for total cash consideration of $13 million In the first quarter, GCI(3) increased revenue 6% to $246 million, generated $29 million in operating income and grew Adjusted OIBDA(4) 3% to $90 million Share Repurchases From February 1, 2023 through April 30, 2023, Liberty Broadband repurchased 99 thousand shares of Series C Liberty Broadband common stock (Nasdaq: LBRDK) at an average cost per share of $92.82 for total cash consideration of $9 million and repurchased 38 thousand shares of Series A Liberty Broadband common stock (Nasdaq: LBRDA) at an average cost per share of $92.88 for total cash consideration of $4 million. The total remaining repurchase authorization for Liberty Broadband as of May 1, 2023 is approximately $2.0 billion. Charter Ownership Under the terms of Liberty Broadband and Charter’s stockholder agreement, Liberty Broadband has sold and will continue to sell to Charter a number of shares of Class A common stock as is necessary to maintain Liberty Broadband’s percentage equity interest at 26% on a fully diluted basis. Such sales are executed by Liberty Broadband monthly based on Charter’s repurchase activity in the month prior. From February 1, 2023 through April 30, 2023, Liberty Broadband did not sell any Charter shares to Charter as its fully diluted equity interest in Charter for the period was below 26%. Balance Sheet The following presentation is provided to separately identify cash and liquid investments, debt and public holdings of Liberty Broadband as of December 31, 2022 and March 31, 2023. (amounts in millions) 12/31/2022 3/31/2023 Cash and Cash Equivalents: GCI Holdings $ 85 $ 59 Corporate and Other 290 110 Total Liberty Broadband Consolidated Cash $ 375 $ 169 Fair Value of Public Holdings in Charter(a) $ 16,012 $ 16,843 Debt: Senior Notes(b) $ 600 $ 600 Senior Credit Facility 397 396 Tower Obligations and Other(c) 94 93 Total GCI Holdings Debt $ 1,091 $ 1,089 GCI Leverage(d) 2.8x 2.9x Charter Margin Loan $ 1,400 $ 1,400 3.125% Exchangeable Senior Debentures due 2053(e) — 1,265 1.25% Exchangeable Senior Debentures due 2050(e) 825 2 1.75% Exchangeable Senior Debentures due 2046(e) 15 — 2.75% Exchangeable Senior Debentures due 2050(e) 575 — Total Corporate Level Debt $ 2,815 $ 2,667 Total Liberty Broadband Debt $ 3,906 $ 3,756 Fair market value adjustment and deferred loan costs (16 ) 11 Tower obligations and finance leases (excluded from GAAP Debt) (89 ) (88 ) Total Liberty Broadband Debt (GAAP) $ 3,801 $ 3,679 Other Financial Obligations: Indemnification Obligation(f) $ 50 $ 29 Preferred Stock(g) 180 180 a) Represents fair value of the investment in Charter as of December 31, 2022 and March 31, 2023. A portion of the Charter equity securities are considered covered shares and subject to certain contractual restrictions in accordance with the indemnification obligation, as described below. b) Principal amount of Senior Notes. c) Includes the Wells Fargo Note Payable and current and long-term obligations under tower obligations and finance leases. d) As defined in GCI's credit agreement. e) Principal amount of Senior Exchangeable Debentures exclusive of fair market value adjustments. Indemnity to Qurate Retail, Inc. (“Qurate Retail”), pursuant to an indemnification agreement (the "indemnification agreement"), with respect to the Liberty Interactive LLC ("LI LLC") 1.75% exchangeable debentures due 2046 (the "LI LLC Charter exchangeable debentures"), as described below. LI LLC is a wholly owned subsidiary of Qurate Retail. g) Liquidation value of preferred stock. Preferred stock has a 7% coupon, $25/share liquidation preference plus accrued and unpaid dividends and 1/3 vote per share. The redemption date is the first business day following March 8, 2039. The preferred stock is considered a liability for GAAP purposes. Liberty Broadband cash decreased $206 million in the first quarter due to repurchases of the 1.75%, 2.75% and 1.25% debentures (described below), partially offset by proceeds from the issuance of $1,265 million principal amount of 3.125% exchangeable senior debentures due 2053. GCI cash decreased $26 million in the first quarter as cash from operations was more than offset by a $40 million dividend paid to Liberty Broadband and capital expenditures during the quarter. Liberty Broadband debt decreased $150 million in the first quarter due to the repurchases of (i) $15 million aggregate principal of all outstanding 1.75% exchangeable senior debentures due 2046, (ii) $575 million aggregate principal of all outstanding 2.75% exchangeable senior debentures due 2050 and (iii) $823 million aggregate principal of almost all outstanding 1.25% exchangeable senior debentures due 2050. There is $900 million of available capacity under the Charter margin loan. GCI’s credit facility has undrawn capacity of $397 million (net of letters of credit), and GCI’s leverage as defined in its credit agreement is 2.9x. Liberty Broadband has an indemnification agreement with Qurate Retail with respect to the LI LLC Charter exchangeable debentures. Pursuant to the indemnification agreement, Liberty Broadband will be required to indemnify LI LLC for any payments made to a holder of such debentures that exercises its exchange right on or before the put/call date of October 5, 2023 in excess of the sum of the adjusted principal amount of such debentures plus certain estimated tax benefits to Qurate Retail, if any, resulting from the exchange. This indemnity is supported by a negative pledge in favor of Qurate Retail on the reference shares of Class A common stock of Charter held at Liberty Broadband that underlie the LI LLC Charter exchangeable debentures. The indemnification obligation on Liberty Broadband’s balance sheet is valued based on the estimated exchange feature in the LI LLC Charter exchangeable debentures. As of March 31, 2023, holders of the LI LLC Charter exchangeable debentures have the ability to put their debentures on October 5, 2023, and accordingly, the indemnification obligation is classified as a current liability. During the three months ended March 31, 2023, indemnification payments of $24 million were made by Liberty Broadband to Qurate Retail in connection with exchanges of $157 million of the LI LLC Charter exchangeable debentures that settled in the quarter. GCI Operating and Financial Results 1Q22 1Q23 % Change (amounts in millions, except operating metrics) GCI Consolidated Financial Metrics Revenue Consumer $ 119 $ 118 (1 )% Business 114 128 12 % Total revenue $ 233 $ 246 6 % Operating income $ 21 $ 29 38 % Operating income margin (%) 9.0 % 11.8 % 280 bps Adjusted OIBDA(a) $ 87 $ 90 3 % Adjusted OIBDA margin(a) (%) 37.3 % 36.6 % (70 )bps GCI Consumer Financial Metrics Revenue Data $ 58 $ 59 2 % Wireless 46 47 2 % Other 15 12 (20 )% Total revenue $ 119 $ 118 (1 )% Operating Metrics Data: Cable modem subscribers(b) 153,600 159,100 4 % Wireless: Lines in service(c) 185,900 193,700 4 % GCI Business Financial Metrics Revenue Data $ 90 $ 106 18 % Wireless 14 13 (7 )% Other 10 9 (10 )% Total revenue $ 114 $ 128 12 % a) See reconciling schedule 1. b) A cable modem subscriber is defined by the purchase of cable modem service regardless of the level of service purchased. If one entity purchases multiple cable modem service access points, each access point is counted as a subscriber. Data cable modem subscribers as of March 31, 2023 include 1,100 subscribers that were reclassified from GCI Business to GCI Consumer subscribers in the first quarter of 2023 and are not new additions. c) A wireless line in service is defined as a wireless device with a monthly fee for services. Wireless lines in service as of March 31, 2023 include 1,400 lines that were reclassified from GCI Business to GCI Consumer lines in the first quarter of 2023 and are not new additions. Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2023 to the same period in 2022. GCI revenue increased 6% in the first quarter. Consumer revenue was down 1% driven by declines in video revenue that offset demand for consumer data and wireless. Business revenue increased 12% with strength in data primarily driven by sales to rural health care and schools due to service upgrades as well as new customer growth. Operating income increased by $8 million in the first quarter and Adjusted OIBDA increased $3 million due to higher revenue, partially offset by increased labor related costs and comparisons against certain one-time benefits recognized in the prior year period. In the first quarter, GCI spent $54 million on net capital expenditures. Capital expenditure spending was related primarily to improvements to the wireless and hybrid fiber coax networks. GCI's net capital expenditures for the full year 2023 are expected to be approximately $185 million related to increased investment in middle mile and last mile data connectivity, including network expansion in rural Alaska. FOOTNOTES 1) Liberty Broadband will discuss these highlights and other matters on Liberty Broadband's earnings conference call that will begin at 4:30 p.m. (E.T.) on May 2, 2023. For information regarding how to access the call, please see “Important Notice” later in this document. 2) Calculated pursuant to the stockholder agreement between Liberty Broadband and Charter Communications, Inc. ("Charter"). 3) Liberty Broadband’s principal operating asset is GCI Holdings, LLC (“GCI” or “GCI Holdings”), Alaska's largest communications provider. Liberty Broadband also holds an interest in Charter. 4) For a definition of Adjusted OIBDA and Adjusted OIBDA margin and applicable reconciliations, see the accompanying schedules. NOTES LIBERTY BROADBAND FINANCIAL METRICS (amounts in millions) 1Q22 1Q23 Revenue GCI Holdings $ 233 $ 246 Corporate and other(a) 5 — Total Liberty Broadband Revenue $ 238 $ 246 Operating Income (Loss) GCI Holdings $ 21 $ 29 Corporate and other(a) (14 ) (13 ) Total Liberty Broadband Operating Income (Loss) $ 7 $ 16 Adjusted OIBDA (Loss) GCI Holdings $ 87 $ 90 Corporate and other(a) (7 ) (8 ) Total Liberty Broadband Adjusted OIBDA (Loss) $ 80 $ 82 a) Corporate and other included Skyhook Holdings, Inc. until its sale on May 2, 2022 Important Notice: Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) will discuss Liberty Broadband’s earnings release on a conference call which will begin at 4:30 p.m. (E.T.) on May 2, 2023. The call can be accessed by dialing (877) 407-3944 or (412) 902-0038, passcode 13736369, at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website. To access the webcast go to https://www.libertybroadband.com/investors/news-events/ir-calendar. Links to this press release and replays of the call will also be available on Liberty Broadband’s website. This press release includes certain forward-looking statements under the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential, future financial prospects, capital expenditures, matters relating to Liberty Broadband’s equity interest in Charter and Charter’s buyback of common stock, Liberty Broadband’s participation in Charter’s buyback of common stock, indemnification by Liberty Broadband, the continuation of our stock repurchase program and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of new products or services, competitive issues, regulatory matters affecting our businesses, continued access to capital on terms acceptable to Liberty Broadband, changes in law and government regulations, the availability of investment opportunities, general market conditions (including as a result of inflationary pressures) and market conditions conducive to stock repurchases. These forward-looking statements speak only as of the date of this press release, and Liberty Broadband expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Broadband's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Broadband, including the most recent Forms 10-K and 10-Q, for additional information about Liberty Broadband and about the risks and uncertainties related to Liberty Broadband which may affect the statements made in this press release. NON-GAAP FINANCIAL MEASURES To provide investors with additional information regarding our financial results, this press release includes a presentation of Adjusted OIBDA, which is a non-GAAP financial measure, for Liberty Broadband (and certain of its subsidiaries) and GCI Holdings together with a reconciliation to that entity or such businesses’ operating income, as determined under GAAP. Liberty Broadband defines Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, transaction costs, separately reported litigation settlements, restructuring and impairment charges. Further, this press release includes Adjusted OIBDA margin which is also a non-GAAP financial measure. Liberty Broadband defines Adjusted OIBDA margin as Adjusted OIBDA divided by revenue. Liberty Broadband believes Adjusted OIBDA is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business' performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. Because Adjusted OIBDA is used as a measure of operating performance, Liberty Broadband views operating income as the most directly comparable GAAP measure. Adjusted OIBDA is not meant to replace or supersede operating income or any other GAAP measure, but rather to supplement such GAAP measures in order to present investors with the same information that Liberty Broadband’s management considers in assessing the results of operations and performance of its assets. Please see the tables below for applicable reconciliations. SCHEDULE 1 The following table provides a reconciliation of GCI’s operating income to its Adjusted OIBDA for the three months ended March 31, 2022 and March 31, 2023. GCI HOLDINGS ADJUSTED OIBDA RECONCILIATION (amounts in millions) 1Q22 1Q23 GCI Holdings Operating Income $ 21 $ 29 Depreciation and amortization 63 58 Stock-based compensation 3 3 GCI Holdings Adjusted OIBDA $ 87 $ 90 SCHEDULE 2 The following table provides a reconciliation of operating income (loss) calculated in accordance with GAAP to Adjusted OIBDA for Liberty Broadband for the three months ended March 31, 2022 and March 31, 2023. LIBERTY BROADBAND ADJUSTED OIBDA RECONCILIATION (amounts in millions) 1Q22 1Q23 Liberty Broadband Operating Income (Loss) $ 7 $ 16 Depreciation and amortization 64 58 Stock-based compensation 9 8 Liberty Broadband Adjusted OIBDA (Loss) $ 80 $ 82 GCI Holdings $ 87 $ 90 Corporate and other (7 ) (8) LIBERTY BROADBAND CORPORATION BALANCE SHEET INFORMATION (unaudited) March 31, December 31, 2023 2022 amounts in millions, except share amounts Assets Current assets: Cash and cash equivalents $ 169 375 Trade and other receivables, net of allowance for credit losses of $4 and $4, respectively 194 201 Prepaid and other current assets 91 84 Total current assets 454 660 Investment in Charter, accounted for using the equity method 11,609 11,433 Property and equipment, net 1,012 1,011 Intangible assets not subject to amortization Goodwill 755 755 Cable certificates 550 550 Other 37 37 Intangible assets subject to amortization, net 506 516 Other assets, net 206 180 Total assets $ 15,129 15,142 Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 86 92 Deferred revenue 21 20 Current portion of debt, including $2 and $1,373 measured at fair value, respectively 5 1,376 Indemnification obligation 29 50 Other current liabilities 152 137 Total current liabilities 293 1,675 Long-term debt, net, including $1,251 and zero measured at fair value, respectively 3,674 2,425 Obligations under tower obligations and finance leases, excluding current portion 85 86 Long-term deferred revenue 62 63 Deferred income tax liabilities 2,074 2,040 Preferred stock 202 202 Other liabilities 155 150 Total liabilities 6,545 6,641 Equity Series A common stock, $.01 par value. Authorized 500,000,000 shares; issued and outstanding 18,221,602 and 18,528,468 at March 31, 2023 and December 31, 2022, respectively — — Series B common stock, $.01 par value. Authorized 18,750,000 shares; issued and outstanding 2,037,259 and 2,106,636 at March 31, 2023 and December 31, 2022, respectively — — Series C common stock, $.01 par value. Authorized 500,000,000 shares; issued and outstanding 125,938,456 and 125,962,296 at March 31, 2023 and December 31, 2022, respectively 1 1 Additional paid-in capital 3,282 3,318 Accumulated other comprehensive earnings (loss), net of taxes 59 9 Retained earnings 5,224 5,155 Total stockholders' equity 8,566 8,483 Non-controlling interests 18 18 Total equity 8,584 8,501 Commitments and contingencies Total liabilities and equity $ 15,129 15,142 LIBERTY BROADBAND CORPORATION STATEMENT OF OPERATIONS INFORMATION (unaudited) Three months ended March 31, 2023 2022 amounts in millions, except per share amounts Revenue $ 246 238 Operating costs and expenses: Operating expense (exclusive of depreciation and amortization shown separately below) 62 66 Selling, general and administrative, including stock-based compensation 110 101 Depreciation and amortization 58 64 230 231 Operating income (loss) 16 7 Other income (expense): Interest expense (including amortization of deferred loan fees) (45 ) (26 ) Share of earnings (losses) of affiliate 248 303 Gain (loss) on dilution of investment in affiliate (27 ) (56 ) Realized and unrealized gains (losses) on financial instruments, net (114 ) 137 Other, net 14 (21 ) Earnings (loss) before income taxes 92 344 Income tax benefit (expense) (23 ) (45 ) Net earnings (loss) 69 299 Less net earnings (loss) attributable to the non-controlling interests — — 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 $ 0.47 1.79 Diluted net earnings (loss) attributable to Series A, Series B and Series C Liberty Broadband shareholders per common share $ 0.47 1.77 LIBERTY BROADBAND CORPORATION STATEMENT OF CASH FLOWS INFORMATION (unaudited) Three months ended March 31, 2023 2022 amounts in millions Cash flows from operating activities: Net earnings (loss) $ 69 299 Adjustments to reconcile net earnings (loss) to net cash from operating activities: Depreciation and amortization 58 64 Stock-based compensation 8 9 Share of (earnings) losses of affiliate, net (248 ) (303 ) (Gain) loss on dilution of investment in affiliate 27 56 Realized and unrealized (gains) losses on financial instruments, net 114 (137 ) Deferred income tax expense (benefit) 22 6 Other, net (1 ) (1 ) Change in operating assets and liabilities: Current and other assets (6 ) 65 Payables and other liabilities (2 ) 32 Net cash provided by (used in) operating activities 41 90 Cash flows from investing activities: Capital expenditures (54 ) (32 ) Cash received for Charter shares repurchased by Charter 42 602 Other investing activities, net — 4 Net cash provided by (used in) investing activities (12 ) 574 Cash flows from financing activities: Borrowings of debt 1,248 300 Repayments of debt, tower obligations and finance leases (1,416 ) (2 ) Repurchases of Liberty Broadband common stock (40 ) (843 ) Indemnification payment to Qurate Retail (24 ) — Other financing activities, net (3 ) (3 ) Net cash provided by (used in) financing activities (235 ) (548 ) Net increase (decrease) in cash, cash equivalents and restricted cash (206 ) 116 Cash, cash equivalents and restricted cash, beginning of period 400 206 Cash, cash equivalents and restricted cash, end of period $ 194 322

1 year ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced that Greg Maffei, President and CEO of Liberty Broadband Corporation, will be presenting at the MoffettNathanson Media & Communications Summit on Tuesday, May 16th at 3:00 p.m. E.T. in New York City. During his presentation, Mr. Maffei may make observations regarding the company's financial performance and outlook, as well as other forward looking matters. The presentation will be broadcast live via the Internet. All interested persons should visit the Liberty Broadband Corporation website at https://www.libertybroadband.com/investors/news-events/ir-calendar to register for the webcast. An archive of the webcast will also be available on this website after appropriate filings have been made with the SEC. About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband’s principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services over the past 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

1 year ago - 247wallst.com

Robert Lynch is the Co-founder, Chief Risk Officer and Managing Partner at Aristeia Capital.

1 year ago - businesswire.com

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation (“Liberty Broadband”) (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call to discuss results for the first quarter of 2023 on Tuesday, May 2nd at 4:30 p.m. E.T. After the close of market trading that day, Liberty Broadband will issue a press release reporting such results, which can be found at https://www.libertybroadband.com/investors/news-events/press-releases. Following prepared remarks, the company will host a brief Q&A session during which management will accept questions regarding Liberty Broadband and Liberty TripAdvisor Holdings, Inc. The press release and conference call may discuss the financial performance and outlook of these companies, as well as other forward looking matters. Please call InComm Conferencing at (877) 407-3944 or +1 (412) 902-0038, passcode 13736369, at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature. In addition, the conference call will be broadcast live via the Internet. All interested participants should visit the Liberty Broadband website at https://www.libertybroadband.com/investors/news-events/ir-calendar to register for the webcast. Replays of the call will also be available on the Liberty Broadband website. The conference call will be archived on the website after appropriate filings have been made with the SEC. About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband’s principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services over the past 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

1 year ago - 247wallst.com

George Soros is considered to be among the most successful investors of all time. He managed client money from 1969 to 2011 and his Quantum Fund gave an average annual return of 30% from 1970 to 2000.