Liberty Broadband (LBRDA) Financials

$89.71 +1.66 (+1.88%)

As of 11:05 AM Eastern

Annual Income Statements for Liberty Broadband

This table shows Liberty Broadband's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-50	917	2,034	70	117	398	732	1,257	688	869
Consolidated Net Income / (Loss)	31	917	2,034	70	117	398	732	1,257	688	869
Net Income / (Loss) Continuing Operations	31	917	2,034	70	117	398	732	1,257	688	869
Total Pre-Tax Income	-70	1,476	2,451	92	155	361	950	1,534	888	1,082
Total Operating Income	59	-21	-25	-12	-29	-60	-98	-39	73	92
Total Gross Profit	172	31	13	22	15	51	988	975	981	1,016
Total Revenue	172	31	13	22	15	51	988	975	981	1,016
Operating Revenue	167	31	13	22	15	51	988	975	981	1,016
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	32	52	39	34	44	111	1,086	1,014	908	924
Selling, General & Admin Expense	43	35	35	31	42	96	724	685	678	717
Depreciation Expense	6.09	4.01	3.77	2.78	2.00	15	267	262	230	207
Other Operating Expenses / (Income)	6.10	2.80	-	-	-	-	-	-	-	0.00
Total Other Income / (Expense), net	-129	1,497	2,476	104	184	421	1,048	1,573	815	990
Interest Expense	7.42	15	20	23	25	28	117	133	206	194
Interest & Investment Income	-115	741	2,512	170	287	630	1,261	1,660	1,054	1,198
Other Income / (Expense), net	-7.04	771	-16	-43	-78	-181	-96	46	-33	-14
Income Tax Expense	-20	558	417	22	38	-37	218	277	200	213
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	($0.49)	$6.03	$11.19	$0.39	$0.65	$2.18	$3.97	$8.01	$4.71	$6.08
Weighted Average Basic Shares Outstanding	102.40M	152.10M	181.70M	179.40M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M
Diluted Earnings per Share	($0.49)	$6.00	$11.10	$0.38	$0.64	$2.17	$3.93	$7.96	$4.68	$6.08
Weighted Average Diluted Shares Outstanding	102.40M	152.10M	181.70M	179.40M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M
Weighted Average Basic & Diluted Shares Outstanding	102.40M	152.10M	181.70M	179.40M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M

This table shows Liberty Broadband's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	315	178	69	252	162	205	241	195	142	291
Consolidated Net Income / (Loss)	315	178	69	252	162	205	241	195	142	291
Net Income / (Loss) Continuing Operations	315	178	69	252	162	205	241	195	142	291
Total Pre-Tax Income	376	232	92	326	208	262	309	253	181	339
Total Operating Income	-12	-33	16	23	21	13	28	21	30	13
Total Gross Profit	248	250	246	245	240	250	245	246	262	263
Total Revenue	248	250	246	245	240	250	245	246	262	263
Operating Revenue	248	250	246	245	240	250	245	246	262	263
Total Operating Expenses	260	283	230	222	219	237	217	225	232	250
Selling, General & Admin Expense	175	178	172	166	164	176	167	173	177	200
Depreciation Expense	66	67	58	56	55	61	50	52	55	50
Total Other Income / (Expense), net	388	265	76	303	187	249	281	232	151	326
Interest Expense	35	42	45	52	54	55	51	52	46	45
Interest & Investment Income	457	300	134	358	245	317	356	280	202	360
Other Income / (Expense), net	-34	7.00	-13	-3.00	-4.00	-13	-24	4.00	-5.00	11
Income Tax Expense	61	54	23	74	46	57	68	58	39	48
Basic Earnings per Share	$2.07	$1.26	$0.47	$1.73	$1.11	$1.40	$1.69	$1.36	$0.99	$2.04
Weighted Average Basic Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M
Diluted Earnings per Share	$2.05	$1.27	$0.47	$1.71	$1.10	$1.40	$1.69	$1.36	$0.99	$2.04
Weighted Average Diluted Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M
Weighted Average Basic & Diluted Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M

This table details how cash moves in and out of Liberty Broadband's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	610	-449	-124	1.85	-33	1,383	-1,227	194	-224	53
Net Cash From Operating Activities	35	-12	-30	-26	-37	-96	3.00	-56	16	104
Net Cash From Continuing Operating Activities	35	-12	-30	-26	-37	-96	3.00	-56	16	104
Net Income / (Loss) Continuing Operations	-50	917	2,034	70	117	398	732	1,257	688	869
Consolidated Net Income / (Loss)	-50	917	2,034	70	117	398	732	1,257	688	869
Depreciation Expense	6.09	4.01	3.77	2.78	2.00	15	267	262	230	207
Non-Cash Adjustments To Reconcile Net Income	150	-1,500	-2,487	-119	-195	-436	-1,133	-1,676	-964	-1,142
Changes in Operating Assets and Liabilities, net	-70	567	420	20	39	-73	137	101	62	170
Net Cash From Investing Activities	-2.48	-4,991	-0.06	-0.04	-1.00	575	4,062	3,047	150	130
Net Cash From Continuing Investing Activities	-2.48	-4,991	-0.06	-0.04	-1.00	575	4,062	3,047	150	130
Purchase of Property, Plant & Equipment	-0.73	-0.27	-0.07	-0.04	-1.00	-2.00	-134	-181	-222	-247
Purchase of Investments	-18	-155	-	-	-	-	0.00	0.00	-53	0.00
Divestitures	-	-	-	0.00	0.00	592	4,194	3,197	394	335
Other Investing Activities, net	-1.74	0.45	0.01	0.00	0.00	-15	2.00	31	31	42
Net Cash From Financing Activities	577	4,553	-94	28	5.00	904	-5,292	-2,797	-390	-181
Net Cash From Continuing Financing Activities	577	4,553	-94	28	5.00	904	-5,292	-2,797	-390	-181
Repayment of Debt	-40	0.00	-601	-134	3.00	-1,324	-2,487	-240	-1,619	-1,231
Repurchase of Common Equity	-	-	-	0.00	0.00	-597	-4,272	-2,882	-227	-89
Issuance of Debt	72	201	500	158	50	2,825	1,467	325	1,501	1,139
Other Financing Activities, net	545	-48	6.32	3.66	-48	-	0.00	0.00	-45	0.00

This table details how cash moves in and out of Liberty Broadband's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-89	166	-206	-91	7.00	66	-62	-35	95	55
Net Cash From Operating Activities	-78	4.00	41	-96	9.00	62	52	27	24	1.00
Net Cash From Continuing Operating Activities	-78	4.00	41	-96	9.00	62	52	27	24	1.00
Net Income / (Loss) Continuing Operations	315	178	69	252	162	205	241	195	142	291
Consolidated Net Income / (Loss)	315	178	69	252	162	205	241	195	142	291
Depreciation Expense	66	67	58	56	55	61	50	52	55	50
Non-Cash Adjustments To Reconcile Net Income	-428	-258	-100	-346	-227	-291	-322	-270	-188	-362
Changes in Operating Assets and Liabilities, net	-31	17	14	-58	19	87	83	50	15	22
Net Cash From Investing Activities	742	410	-12	-69	-48	279	18	-22	73	61
Net Cash From Continuing Investing Activities	742	410	-12	-69	-48	279	18	-22	73	61
Purchase of Property, Plant & Equipment	-54	-49	-54	-43	-52	-73	-61	-62	-60	-64
Divestitures	796	432	42	-	-	352	81	35	110	109
Other Investing Activities, net	-	27	0.00	27	4.00	-	-2.00	5.00	23	16
Net Cash From Financing Activities	-753	-248	-235	74	46	-275	-132	-40	-2.00	-7.00
Net Cash From Continuing Financing Activities	-753	-248	-235	74	46	-275	-132	-40	-2.00	-7.00
Repayment of Debt	-2.00	-32	-1,419	-128	-3.00	-69	-63	-286	-850	-32
Issuance of Debt	-	25	1,248	203	50	-	20	246	848	25

This table presents Liberty Broadband's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,566	9,591	11,932	12,098	12,256	21,373	16,968	15,142	15,641	16,687
Total Current Assets	678	258	84	85	52	1,846	459	660	430	423
Cash & Equivalents	655	206	81	83	50	1,418	191	375	158	163
Accounts Receivable	2.46	-	-	-	1.22	349	206	201	178	195
Prepaid Expenses	-	-	-	-	-	79	62	84	94	65
Plant, Property, & Equipment, net	1.25	0.00	0.00	0.00	0.00	1,099	1,031	1,011	1,053	1,150
Total Noncurrent Assets	2,886	9,333	11,848	12,014	12,204	18,428	15,478	13,471	14,158	15,114
Long-Term Investments	2,812	9,315	11,836	12,004	12,195	16,179	13,260	11,433	12,116	13,057
Goodwill	6.50	-	-	-	6.50	746	762	755	755	755
Intangible Assets	12	16	-	-	0.89	1,257	1,160	1,103	1,051	1,002
Other Noncurrent Operating Assets	0.27	1.49	12	9.49	2.15	151	296	180	236	300
Total Liabilities & Shareholders' Equity	3,566	9,591	11,932	12,098	12,256	21,373	16,968	15,142	15,641	16,687
Total Liabilities	418	1,118	1,445	1,500	1,588	7,858	6,829	6,641	6,618	6,879
Total Current Liabilities	15	412	11	8.20	12	612	582	1,675	178	200
Short-Term Debt	0.00	400	-	-	0.00	31	28	1,376	3.00	3.00
Accounts Payable	10	7.93	5.38	3.50	6.11	98	99	92	86	112
Current Deferred Revenue	2.63	4.19	5.17	4.69	4.84	25	25	20	30	21
Other Current Liabilities	2.25	-	-	-	1.19	458	430	187	59	64
Total Noncurrent Liabilities	402	706	1,434	1,492	1,576	7,246	6,247	4,966	6,440	6,679
Long-Term Debt	400	199	497	523	573	4,785	3,733	2,425	3,733	3,753
Capital Lease Obligations	-	-	-	-	0.00	93	89	86	83	72
Noncurrent Deferred Revenue	2.44	0.00	-	-	1.81	40	35	63	65	113
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	505	933	966	1,000	1,978	1,998	2,040	2,216	2,388
Other Noncurrent Operating Liabilities	-	2.60	4.38	2.87	1.75	350	392	352	343	353
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,148	8,473	10,487	10,599	10,668	13,515	10,139	8,501	9,023	9,808
Total Preferred & Common Equity	3,148	8,473	10,487	10,599	10,668	13,503	10,127	8,483	9,003	9,793
Total Common Equity	3,148	8,473	10,487	10,599	10,668	13,503	10,127	8,483	9,003	9,793
Common Stock	3,539	7,948	7,910	7,940	7,892	10,322	6,215	3,319	3,108	3,008
Retained Earnings	-400	518	2,569	2,651	2,768	3,166	3,898	5,155	5,843	6,712
Accumulated Other Comprehensive Income / (Loss)	8.91	7.66	8.42	7.78	8.16	15	14	9.00	52	73
Noncontrolling Interest	-	-	-	-	0.00	12	12	18	20	15

This table presents Liberty Broadband's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	15,119	15,129	15,409	15,768	15,740	15,959	16,303
Total Current Assets	492	454	393	430	350	309	417
Cash & Equivalents	203	169	81	88	108	73	168
Accounts Receivable	210	194	183	220	186	176	186
Prepaid Expenses	79	91	129	122	56	60	63
Plant, Property, & Equipment, net	0.00	1,012	0.00	0.00	1,078	0.00	0.00
Total Noncurrent Assets	14,627	13,663	15,016	15,338	14,312	15,650	15,886
Long-Term Investments	11,547	11,609	11,916	12,229	12,281	12,535	12,760
Goodwill	755	755	755	755	755	755	755
Intangible Assets	1,119	1,093	1,079	1,067	1,039	1,027	1,014
Other Noncurrent Operating Assets	1,199	206	1,266	1,287	237	1,333	1,357
Total Liabilities & Shareholders' Equity	15,119	15,129	15,409	15,768	15,740	15,959	16,303
Total Liabilities	6,543	6,545	6,570	6,771	6,582	6,598	6,765
Total Current Liabilities	244	293	194	229	193	184	201
Short-Term Debt	3.00	5.00	5.00	5.00	3.00	3.00	3.00
Accounts Payable	113	86	92	104	94	101	112
Current Deferred Revenue	20	21	24	28	29	30	30
Other Current Liabilities	108	181	73	92	67	50	56
Total Noncurrent Liabilities	6,264	6,252	6,376	6,542	6,389	6,414	6,564
Long-Term Debt	3,773	3,674	3,729	3,860	3,636	3,606	3,709
Capital Lease Obligations	87	85	84	83	81	81	79
Noncurrent Deferred Revenue	38	62	63	66	77	76	93
Noncurrent Deferred & Payable Income Tax Liabilities	2,007	2,074	2,146	2,184	2,255	2,311	2,342
Other Noncurrent Operating Liabilities	359	357	354	349	340	340	341
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,576	8,584	8,839	8,997	9,158	9,361	9,538
Total Preferred & Common Equity	8,560	8,566	8,819	8,977	9,138	9,343	9,520
Total Common Equity	8,560	8,566	8,819	8,977	9,138	9,343	9,520
Common Stock	3,565	3,283	3,287	3,294	3,019	3,024	3,029
Retained Earnings	4,977	5,224	5,476	5,638	6,084	6,279	6,421
Accumulated Other Comprehensive Income / (Loss)	18	59	56	45	35	40	70
Noncontrolling Interest	16	18	20	20	20	18	18

This table displays calculated financial ratios and metrics derived from Liberty Broadband's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	149.11%	-82.22%	-57.20%	70.00%	-32.60%	240.00%	1,837.25%	-1.32%	0.62%	3.57%
EBITDA Growth	147.88%	1,199.84%	-105.06%	-35.91%	-102.52%	-115.24%	132.30%	268.49%	0.37%	5.56%
EBIT Growth	139.87%	1,344.56%	-105.59%	-30.31%	-95.88%	-125.23%	19.50%	103.61%	471.43%	95.00%
NOPAT Growth	237.19%	-131.87%	-60.74%	56.74%	-139.31%	-202.19%	-14.15%	57.68%	276.98%	30.64%
Net Income Growth	122.76%	2,894.69%	121.70%	-96.56%	67.26%	240.17%	83.92%	71.72%	-45.27%	26.31%
EPS Growth	67.76%	1,324.49%	85.00%	-96.58%	68.42%	239.06%	81.11%	102.54%	-41.21%	29.91%
Operating Cash Flow Growth	1,193.59%	-133.72%	-152.40%	12.56%	-40.90%	-159.46%	103.13%	-1,966.67%	128.57%	550.00%
Free Cash Flow Firm Growth	-239.92%	783.61%	-25.82%	-94.14%	-35.15%	-12,192.42%	111.26%	-134.64%	192.70%	229.48%
Invested Capital Growth	239.92%	-796.38%	-87.12%	-3.57%	-3.89%	182.41%	-34.95%	7.81%	-2.07%	-26.76%
Revenue Q/Q Growth	192.92%	-80.67%	2.15%	0.57%	3.49%	311.12%	26.39%	0.10%	0.00%	1.30%
EBITDA Q/Q Growth	227.22%	-2.03%	30.47%	-182.68%	-25.74%	-9.28%	37,535.90%	8.47%	8.00%	4.78%
EBIT Q/Q Growth	198.00%	-2.03%	28.68%	-153.18%	-25.32%	-15.62%	8.99%	146.67%	185.71%	44.44%
NOPAT Q/Q Growth	438.84%	-1,059.61%	-10.78%	14.05%	-12.14%	-113.82%	23.78%	-50.00%	171.91%	3.09%
Net Income Q/Q Growth	144.66%	-0.74%	11,003.83%	-96.69%	192.13%	76.82%	20.07%	-14.26%	4.08%	10.98%
EPS Q/Q Growth	34.67%	3.27%	4,926.09%	-96.71%	204.76%	76.42%	19.09%	-9.13%	2.86%	11.76%
Operating Cash Flow Q/Q Growth	10.74%	44.32%	1.41%	-16.64%	1.10%	-106.10%	-96.09%	70.98%	138.10%	-36.97%
Free Cash Flow Firm Q/Q Growth	0.00%	10.11%	6,237.69%	-94.71%	315.94%	-4,980.59%	112.56%	60.82%	-41.30%	-24.37%
Invested Capital Q/Q Growth	91.57%	-6.16%	-88.37%	-0.33%	-2.93%	179.16%	-3.33%	-19.89%	-9.55%	3.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	33.72%	2,465.01%	-291.39%	-232.96%	-700.00%	-443.14%	7.39%	27.59%	27.52%	28.05%
Operating Margin	34.28%	-69.18%	-194.61%	-53.98%	-193.33%	-117.65%	-9.92%	-4.00%	7.44%	9.06%
EBIT Margin	30.18%	2,451.91%	-320.19%	-245.44%	-713.33%	-472.55%	-19.64%	0.72%	4.08%	7.68%
Profit (Net Income) Margin	17.81%	2,999.09%	15,533.66%	314.31%	780.00%	780.39%	74.09%	128.92%	70.13%	85.53%
Tax Burden Percent	-43.72%	62.16%	82.99%	76.14%	75.48%	110.25%	77.05%	81.94%	77.48%	80.31%
Interest Burden Percent	-134.94%	196.77%	-5,846.04%	-168.19%	-144.86%	-149.79%	-489.69%	21,914.29%	2,220.00%	1,387.18%
Effective Tax Rate	0.00%	37.84%	17.01%	23.86%	24.52%	-10.25%	22.95%	18.06%	22.52%	19.69%
Return on Invested Capital (ROIC)	404.20%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.06%	-5.72%	9.85%	15.02%
ROIC Less NNEP Spread (ROIC-NNEP)	404.58%	0.00%	0.00%	0.00%	0.00%	0.00%	-18.31%	-20.43%	2.14%	6.11%
Return on Net Nonoperating Assets (RNNOA)	-403.11%	0.00%	0.00%	0.00%	0.00%	0.00%	17.25%	19.20%	-2.00%	-5.79%
Return on Equity (ROE)	1.09%	15.79%	21.45%	0.66%	1.10%	3.29%	6.19%	13.49%	7.85%	9.23%
Cash Return on Invested Capital (CROIC)	-113.81%	0.00%	0.00%	0.00%	0.00%	-229.34%	31.28%	-13.23%	11.94%	45.91%
Operating Return on Assets (OROA)	1.58%	11.40%	-0.39%	-0.45%	-0.88%	-1.43%	-1.01%	0.04%	0.26%	0.48%
Return on Assets (ROA)	0.93%	13.94%	18.90%	0.58%	0.96%	2.37%	3.82%	7.83%	4.47%	5.38%
Return on Common Equity (ROCE)	1.09%	15.79%	21.45%	0.66%	1.10%	3.29%	6.18%	13.47%	7.84%	9.21%
Return on Equity Simple (ROE_SIMPLE)	0.97%	10.83%	19.39%	0.66%	1.10%	2.95%	7.23%	14.82%	7.64%	8.87%
Net Operating Profit after Tax (NOPAT)	41	-13	-21	-9.15	-22	-66	-76	-32	57	74
NOPAT Margin	23.99%	-43.00%	-161.50%	-41.10%	-145.94%	-129.71%	-7.64%	-3.28%	5.77%	7.27%
Net Nonoperating Expense Percent (NNEP)	-0.38%	15.45%	20.15%	0.69%	1.20%	3.81%	7.25%	14.71%	7.71%	8.91%
Return On Investment Capital (ROIC_SIMPLE)	1.16%	-0.15%	-0.19%	-0.08%	-0.19%	-0.36%	-0.54%	-0.26%	0.44%	0.54%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	24.88%	113.46%	265.81%	141.49%	280.00%	188.24%	73.28%	70.26%	69.11%	70.57%
R&D to Revenue	9.90%	33.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.74%	169.18%	294.61%	153.98%	293.33%	217.65%	109.92%	104.00%	92.56%	90.94%
Earnings before Interest and Taxes (EBIT)	52	750	-42	-55	-107	-241	-194	7.00	40	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	58	754	-38	-52	-105	-226	73	269	270	285
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.55	1.47	1.23	2.12	2.08	2.81	1.33	1.31	1.08
Price to Tangible Book Value (P/TBV)	1.70	1.56	1.47	1.23	2.12	2.45	3.46	1.70	1.64	1.32
Price to Revenue (P/Rev)	30.99	430.42	1,181.33	585.14	1,507.60	551.52	28.76	11.54	12.01	10.45
Price to Earnings (P/E)	0.00	14.35	7.61	186.17	193.28	70.67	38.81	8.95	17.12	12.22
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	6.97%	13.15%	0.54%	0.52%	1.42%	2.58%	11.18%	5.84%	8.18%
Enterprise Value to Invested Capital (EV/IC)	31.50	0.00	0.00	0.00	0.00	18.68	34.99	5.77	5.89	2.99
Enterprise Value to Revenue (EV/Rev)	13.11	137.10	309.08	65.53	729.50	302.97	19.05	3.43	3.41	1.23
Enterprise Value to EBITDA (EV/EBITDA)	38.86	5.56	0.00	0.00	0.00	0.00	257.85	12.43	12.38	4.37
Enterprise Value to EBIT (EV/EBIT)	43.42	5.59	0.00	0.00	0.00	0.00	0.00	477.68	83.59	15.96
Enterprise Value to NOPAT (EV/NOPAT)	54.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	59.12	16.85
Enterprise Value to Operating Cash Flow (EV/OCF)	63.88	0.00	0.00	0.00	0.00	0.00	6,274.26	0.00	208.99	11.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.53	9.80	60.30	697.66	0.00	88.17	0.00	48.77	5.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.07	0.05	0.05	0.05	0.36	0.38	0.46	0.42	0.39
Long-Term Debt to Equity	0.13	0.02	0.05	0.05	0.05	0.36	0.38	0.30	0.42	0.39
Financial Leverage	-1.00	-1.04	-1.08	-1.09	-1.09	-1.01	-0.94	-0.94	-0.93	-0.95
Leverage Ratio	1.16	1.13	1.14	1.14	1.15	1.39	1.62	1.72	1.76	1.72
Compound Leverage Factor	-1.57	2.23	-66.36	-1.92	-1.66	-2.08	-7.94	377.50	39.00	23.81
Debt to Total Capital	11.27%	6.60%	4.53%	4.70%	5.10%	26.64%	27.52%	31.38%	29.74%	28.07%
Short-Term Debt to Total Capital	0.00%	4.41%	0.00%	0.00%	0.00%	0.17%	0.20%	11.11%	0.02%	0.02%
Long-Term Debt to Total Capital	11.27%	2.19%	4.53%	4.70%	5.10%	26.48%	27.32%	20.27%	29.72%	28.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.09%	0.15%	0.16%	0.11%
Common Equity to Total Capital	88.73%	93.40%	95.47%	95.30%	94.90%	73.29%	72.39%	68.48%	70.11%	71.82%
Debt to EBITDA	6.89	0.79	-13.04	-10.09	-5.46	-21.72	52.74	14.45	14.14	13.43
Net Debt to EBITDA	-53.04	-11.90	299.34	223.05	111.16	56.14	-131.52	-29.45	-31.31	-32.95
Long-Term Debt to EBITDA	6.89	0.26	-13.04	-10.09	-5.46	-21.58	52.36	9.33	14.13	13.42
Debt to NOPAT	9.69	-45.50	-23.52	-57.17	-26.17	-74.21	-50.99	-121.63	67.52	51.81
Net Debt to NOPAT	-74.55	682.07	540.10	1,264.28	533.18	191.81	127.15	247.86	-149.49	-127.11
Long-Term Debt to NOPAT	9.69	-15.09	-23.52	-57.17	-26.17	-73.74	-50.61	-78.57	67.47	51.77
Altman Z-Score	7.82	7.38	6.72	5.51	8.83	2.39	2.83	1.48	1.68	1.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.10%	0.16%	0.22%	0.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	44.11	0.63	7.97	10.32	4.29	3.02	0.79	0.39	2.42	2.12
Quick Ratio	43.35	0.62	7.70	10.14	4.20	2.89	0.68	0.34	1.89	1.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-81	557	413	24	16	-1,897	213	-74	69	226
Operating Cash Flow to CapEx	4,827.50%	-4,456.18%	-42,901.43%	-64,048.78%	-3,700.00%	-4,800.00%	2.24%	-30.94%	7.21%	42.11%
Free Cash Flow to Firm to Interest Expense	-10.97	37.23	21.11	1.04	0.63	-67.74	1.82	-0.56	0.33	1.16
Operating Cash Flow to Interest Expense	4.75	-0.80	-1.53	-1.13	-1.48	-3.43	0.03	-0.42	0.08	0.54
Operating Cash Flow Less CapEx to Interest Expense	4.65	-0.81	-1.54	-1.13	-1.52	-3.50	-1.12	-1.78	-1.00	-0.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.00	0.00	0.00	0.00	0.00	0.05	0.06	0.06	0.06
Accounts Receivable Turnover	111.72	0.00	0.00	0.00	0.00	0.29	3.56	4.79	5.18	5.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	71.10	0.00	0.00	0.00	0.00	0.00	0.93	0.95	0.95	0.92
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	3.27	0.00	0.00	0.00	0.00	1,253.22	102.52	76.18	70.51	67.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	3.27	0.00	0.00	0.00	0.00	1,253.22	102.52	76.18	70.51	67.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	72	-498	-933	-966	-1,004	827	538	580	568	416
Invested Capital Turnover	16.85	-0.14	-0.02	-0.02	-0.02	-0.58	1.45	1.74	1.71	2.07
Increase / (Decrease) in Invested Capital	123	-570	-434	-33	-38	1,831	-289	42	-12	-152
Enterprise Value (EV)	2,254	4,193	4,047	1,458	10,943	15,451	18,823	3,344	3,344	1,245
Market Capitalization	5,331	13,165	15,466	13,023	22,614	28,127	28,412	11,247	11,779	10,622
Book Value per Share	$30.50	$46.64	$57.67	$58.44	$58.76	$75.65	$57.35	$57.21	$61.64	$68.56
Tangible Book Value per Share	$30.32	$46.55	$57.67	$58.44	$58.72	$64.43	$46.47	$44.68	$49.27	$56.26
Total Capital	3,548	9,072	10,984	11,122	11,241	18,424	13,989	12,388	12,842	13,636
Total Debt	400	599	497	523	573	4,909	3,850	3,887	3,819	3,828
Total Long-Term Debt	400	199	497	523	573	4,878	3,822	2,511	3,816	3,825
Net Debt	-3,077	-8,971	-11,420	-11,565	-11,671	-12,688	-9,601	-7,921	-8,455	-9,392
Capital Expenditures (CapEx)	0.73	0.27	0.07	0.04	1.00	2.00	134	181	222	247
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.25	-8.44	-7.75	-6.72	-9.73	-153	-286	-14	97	63
Debt-free Net Working Capital (DFNWC)	663	246	74	76	40	1,265	-95	361	255	226
Net Working Capital (NWC)	663	-154	74	76	40	1,234	-123	-1,015	252	223
Net Nonoperating Expense (NNE)	11	-930	-2,055	-79	-139	-464	-808	-1,289	-631	-795
Net Nonoperating Obligations (NNO)	-3,077	-8,971	-11,420	-11,565	-11,671	-12,688	-9,601	-7,921	-8,455	-9,392
Total Depreciation and Amortization (D&A)	6.09	4.01	3.77	2.78	2.00	15	267	262	230	207
Debt-free, Cash-free Net Working Capital to Revenue	-0.73%	-27.61%	-59.21%	-30.21%	-64.87%	-300.00%	-28.95%	-1.44%	9.89%	6.20%
Debt-free Net Working Capital to Revenue	385.37%	805.28%	561.45%	343.18%	266.63%	2,480.39%	-9.62%	37.03%	25.99%	22.24%
Net Working Capital to Revenue	385.37%	-502.51%	561.45%	343.18%	266.63%	2,419.61%	-12.45%	-104.10%	25.69%	21.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.49)	$6.03	$11.19	$0.39	$0.65	$2.18	$3.97	$8.01	$4.71	$6.08
Adjusted Weighted Average Basic Shares Outstanding	103.32M	181.80M	181.34M	181.36M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M
Adjusted Diluted Earnings per Share	($0.49)	$6.00	$11.10	$0.38	$0.64	$2.17	$3.93	$7.96	$4.68	$6.08
Adjusted Weighted Average Diluted Shares Outstanding	103.32M	181.80M	181.34M	181.36M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M
Adjusted Basic & Diluted Earnings per Share	($0.49)	$6.03	$0.00	$0.39	$0.65	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.32M	181.80M	181.34M	181.36M	181.90M	195.32M	167.87M	146.30M	142.93M	143.28M
Normalized Net Operating Profit after Tax (NOPAT)	13	-13	-21	-9.15	-22	-42	-2.31	23	57	74
Normalized NOPAT Margin	7.80%	-43.00%	-161.50%	-41.10%	-145.94%	-82.35%	-0.23%	2.35%	5.77%	7.27%
Pre Tax Income Margin	-40.73%	4,824.66%	18,718.30%	412.82%	1,033.33%	707.84%	96.15%	157.33%	90.52%	106.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.99	50.14	-2.14	-2.34	-4.28	-8.61	-1.66	0.05	0.19	0.40
NOPAT to Interest Expense	5.56	-0.88	-1.08	-0.39	-0.88	-2.36	-0.65	-0.24	0.27	0.38
EBIT Less CapEx to Interest Expense	6.89	50.13	-2.15	-2.35	-4.32	-8.68	-2.80	-1.31	-0.88	-0.87
NOPAT Less CapEx to Interest Expense	5.46	-0.90	-1.08	-0.39	-0.92	-2.43	-1.79	-1.60	-0.80	-0.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	150.00%	583.61%	229.28%	32.99%	10.24%

This table displays calculated financial ratios and metrics derived from Liberty Broadband's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.80%	0.40%	3.36%	2.51%	-3.23%	0.00%	-0.41%	0.41%	9.17%	5.20%
EBITDA Growth	-81.31%	105.00%	1,116.67%	-64.49%	260.00%	48.78%	-11.48%	1.32%	11.11%	21.31%
EBIT Growth	-217.95%	45.83%	104.29%	-86.58%	136.96%	100.00%	33.33%	25.00%	47.06%	0.00%
NOPAT Growth	-150.56%	-59.31%	97.23%	2,325.26%	262.69%	140.17%	81.98%	-8.96%	43.90%	9.71%
Net Income Growth	32.91%	-54.01%	-76.92%	-45.81%	-48.57%	15.17%	249.28%	-22.62%	-12.35%	41.95%
EPS Growth	58.91%	-38.65%	-73.45%	-40.42%	-46.34%	10.24%	259.57%	-20.47%	-10.00%	45.71%
Operating Cash Flow Growth	-412.00%	103.01%	-54.44%	-33.33%	111.54%	1,450.00%	26.83%	128.13%	166.67%	-98.39%
Free Cash Flow Firm Growth	88.78%	-124.65%	-170.73%	-152.90%	163.30%	132.94%	274.30%	321.62%	122.98%	635.89%
Invested Capital Growth	30.09%	7.81%	14.23%	22.91%	-13.26%	-2.07%	-14.21%	-32.88%	-36.15%	-26.76%
Revenue Q/Q Growth	3.77%	0.81%	-1.60%	-0.41%	-2.04%	4.17%	-2.00%	0.41%	6.50%	0.38%
EBITDA Q/Q Growth	-90.65%	105.00%	48.78%	24.59%	-5.26%	-15.28%	-11.48%	42.59%	3.90%	-7.50%
EBIT Q/Q Growth	-130.87%	43.48%	111.54%	566.67%	-15.00%	-100.00%	0.00%	525.00%	0.00%	-4.00%
NOPAT Q/Q Growth	-1,158.27%	-151.85%	147.40%	48.16%	-8.01%	-37.81%	114.69%	-25.88%	45.41%	-52.59%
Net Income Q/Q Growth	-32.26%	-43.49%	-61.24%	265.22%	-35.71%	26.54%	17.56%	-19.09%	-27.18%	104.93%
EPS Q/Q Growth	-28.57%	-38.05%	-62.99%	263.83%	-35.67%	27.27%	20.71%	-19.53%	-27.21%	106.06%
Operating Cash Flow Q/Q Growth	-8.33%	105.13%	925.00%	-334.15%	109.38%	588.89%	-16.13%	-48.08%	-11.11%	-95.83%
Free Cash Flow Firm Q/Q Growth	-326.62%	62.07%	12.36%	-78.34%	206.78%	-80.27%	363.83%	126.75%	7.44%	-34.88%
Invested Capital Q/Q Growth	34.82%	-19.89%	-1.72%	15.79%	-4.85%	-9.55%	-13.91%	-9.41%	-9.48%	3.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	8.06%	16.40%	24.80%	31.02%	30.00%	24.40%	22.04%	31.30%	30.53%	28.14%
Operating Margin	-4.84%	-13.20%	6.50%	9.39%	8.75%	5.20%	11.43%	8.54%	11.45%	4.94%
EBIT Margin	-18.55%	-10.40%	1.22%	8.16%	7.08%	0.00%	1.63%	10.16%	9.54%	9.13%
Profit (Net Income) Margin	127.02%	71.20%	28.05%	102.86%	67.50%	82.00%	98.37%	79.27%	54.20%	110.65%
Tax Burden Percent	83.78%	76.72%	75.00%	77.30%	77.88%	78.24%	77.99%	77.08%	78.45%	85.84%
Interest Burden Percent	-817.39%	-892.31%	3,066.67%	1,630.00%	1,223.53%	0.00%	7,725.00%	1,012.00%	724.00%	1,412.50%
Effective Tax Rate	16.22%	23.28%	25.00%	22.70%	22.12%	21.76%	22.01%	22.92%	21.55%	14.16%
Return on Invested Capital (ROIC)	-6.17%	-17.66%	8.97%	11.99%	9.89%	6.95%	16.50%	11.70%	17.51%	8.76%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.69%	-19.99%	8.31%	9.18%	8.09%	4.57%	13.87%	9.61%	16.16%	5.63%
Return on Net Nonoperating Assets (RNNOA)	9.06%	18.79%	-7.82%	-8.57%	-7.47%	-4.27%	-13.04%	-9.03%	-15.26%	-5.33%
Return on Equity (ROE)	2.90%	1.12%	1.15%	3.43%	2.42%	2.68%	3.46%	2.67%	2.25%	3.43%
Cash Return on Invested Capital (CROIC)	-29.48%	-13.23%	-17.78%	-21.35%	17.28%	11.94%	27.79%	51.06%	58.05%	45.91%
Operating Return on Assets (OROA)	-1.08%	-0.63%	0.08%	0.52%	0.45%	0.00%	0.10%	0.64%	0.60%	0.57%
Return on Assets (ROA)	7.37%	4.32%	1.74%	6.53%	4.29%	5.23%	6.25%	4.96%	3.39%	6.95%
Return on Common Equity (ROCE)	2.89%	1.12%	1.15%	3.42%	2.41%	2.67%	3.45%	2.67%	2.25%	3.42%
Return on Equity Simple (ROE_SIMPLE)	17.13%	0.00%	11.99%	9.23%	7.36%	0.00%	9.41%	8.59%	8.22%	0.00%
Net Operating Profit after Tax (NOPAT)	-10	-25	12	18	16	10	22	16	24	11
NOPAT Margin	-4.05%	-10.13%	4.88%	7.26%	6.81%	4.07%	8.91%	6.58%	8.98%	4.24%
Net Nonoperating Expense Percent (NNEP)	3.53%	2.32%	0.67%	2.81%	1.80%	2.38%	2.63%	2.09%	1.35%	3.14%
Return On Investment Capital (ROIC_SIMPLE)	-0.08%	-0.20%	0.10%	0.14%	0.13%	0.08%	0.17%	0.12%	0.18%	0.08%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	70.56%	71.20%	69.92%	67.76%	68.33%	70.40%	68.16%	70.33%	67.56%	76.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	104.84%	113.20%	93.50%	90.61%	91.25%	94.80%	88.57%	91.46%	88.55%	95.06%
Earnings before Interest and Taxes (EBIT)	-46	-26	3.00	20	17	0.00	4.00	25	25	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	41	61	76	72	61	54	77	80	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.34	1.33	1.40	1.32	1.48	1.31	0.91	0.83	1.15	1.08
Price to Tangible Book Value (P/TBV)	1.72	1.70	1.79	1.67	1.86	1.64	1.14	1.03	1.42	1.32
Price to Revenue (P/Rev)	11.78	11.54	12.22	11.79	13.55	12.01	8.51	7.95	10.94	10.45
Price to Earnings (P/E)	7.83	8.95	11.70	14.32	20.11	17.12	9.70	9.71	14.01	12.22
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	12.78%	11.18%	8.55%	6.98%	4.97%	5.84%	10.31%	10.30%	7.14%	8.18%
Enterprise Value to Invested Capital (EV/IC)	4.97	5.77	7.05	5.30	7.87	5.89	0.00	0.00	4.62	2.99
Enterprise Value to Revenue (EV/Rev)	3.70	3.43	4.09	3.54	5.04	3.41	0.00	0.00	1.85	1.23
Enterprise Value to EBITDA (EV/EBITDA)	14.52	12.43	11.96	17.66	19.77	12.38	0.00	0.00	6.82	4.37
Enterprise Value to EBIT (EV/EBIT)	0.00	477.68	50.23	0.00	353.09	83.59	0.00	0.00	34.34	15.96
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	237.65	59.12	0.00	0.00	25.87	16.85
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	208.99	0.00	0.00	11.24	11.97
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	42.32	48.77	0.00	0.00	6.21	5.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.46	0.44	0.43	0.44	0.42	0.41	0.39	0.40	0.39
Long-Term Debt to Equity	0.45	0.30	0.44	0.43	0.44	0.42	0.41	0.39	0.40	0.39
Financial Leverage	-0.94	-0.94	-0.94	-0.93	-0.92	-0.93	-0.94	-0.94	-0.94	-0.95
Leverage Ratio	1.70	1.72	1.75	1.74	1.76	1.76	1.74	1.72	1.73	1.72
Compound Leverage Factor	-13.92	-15.37	53.56	28.42	21.51	0.00	134.41	17.44	12.53	24.25
Debt to Total Capital	31.06%	31.38%	30.48%	30.17%	30.50%	29.74%	28.89%	28.27%	28.44%	28.07%
Short-Term Debt to Total Capital	0.02%	11.11%	0.04%	0.04%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%
Long-Term Debt to Total Capital	31.03%	20.27%	30.44%	30.13%	30.46%	29.72%	28.86%	28.25%	28.42%	28.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.13%	0.15%	0.15%	0.16%	0.15%	0.16%	0.16%	0.14%	0.14%	0.11%
Common Equity to Total Capital	68.82%	68.48%	69.37%	69.68%	69.35%	70.11%	70.96%	71.59%	71.42%	71.82%
Debt to EBITDA	15.58	14.45	11.20	19.28	15.79	14.14	14.14	13.98	13.94	13.43
Net Debt to EBITDA	-31.80	-29.45	-23.85	-41.31	-33.48	-31.31	-32.96	-33.78	-33.59	-32.95
Long-Term Debt to EBITDA	15.56	9.33	11.19	19.26	15.77	14.13	14.13	13.97	13.93	13.42
Debt to NOPAT	-181.31	-121.63	-156.62	-802.06	189.80	67.52	56.23	57.14	52.89	51.81
Net Debt to NOPAT	370.18	247.86	333.46	1,718.19	-402.34	-149.49	-131.04	-138.09	-127.47	-127.11
Long-Term Debt to NOPAT	-181.17	-78.57	-156.41	-801.01	189.56	67.47	56.19	57.09	52.85	51.77
Altman Z-Score	1.59	1.47	1.66	1.65	1.76	1.67	1.38	1.34	1.61	1.57
Noncontrolling Interest Sharing Ratio	0.14%	0.16%	0.19%	0.20%	0.20%	0.22%	0.21%	0.21%	0.21%	0.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.02	0.39	1.55	2.03	1.88	2.42	1.81	1.68	2.07	2.12
Quick Ratio	1.69	0.34	1.24	1.36	1.35	1.89	1.52	1.35	1.76	1.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-178	-67	-59	-105	112	22	103	233	251	163
Operating Cash Flow to CapEx	-144.44%	8.16%	75.93%	-223.26%	17.31%	84.93%	85.25%	43.55%	40.00%	1.56%
Free Cash Flow to Firm to Interest Expense	-5.07	-1.60	-1.31	-2.02	2.08	0.40	2.02	4.48	5.45	3.63
Operating Cash Flow to Interest Expense	-2.23	0.10	0.91	-1.85	0.17	1.13	1.02	0.52	0.52	0.02
Operating Cash Flow Less CapEx to Interest Expense	-3.77	-1.07	-0.29	-2.67	-0.80	-0.20	-0.18	-0.67	-0.78	-1.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Accounts Receivable Turnover	4.28	4.79	5.42	5.46	4.56	5.18	5.16	5.47	4.94	5.45
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.95	0.97	0.00	0.00	0.95	0.94	0.00	0.00	0.92
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	85.36	76.18	67.39	66.80	79.99	70.51	70.77	66.79	73.87	67.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	85.36	76.18	67.39	66.80	79.99	70.51	70.77	66.79	73.87	67.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	724	580	570	660	628	568	489	443	401	416
Invested Capital Turnover	1.52	1.74	1.84	1.65	1.45	1.71	1.85	1.78	1.95	2.07
Increase / (Decrease) in Invested Capital	167	42	71	123	-96	-12	-81	-217	-227	-152
Enterprise Value (EV)	3,601	3,344	4,018	3,497	4,943	3,344	-306	-1,101	1,855	1,245
Market Capitalization	11,472	11,247	12,014	11,656	13,292	11,779	8,343	7,799	10,974	10,622
Book Value per Share	$55.66	$57.21	$58.55	$60.32	$61.40	$61.64	$63.97	$65.41	$66.64	$68.56
Tangible Book Value per Share	$43.48	$44.68	$45.92	$47.78	$48.94	$49.27	$51.41	$52.93	$54.26	$56.26
Total Capital	12,439	12,388	12,348	12,657	12,945	12,842	12,878	13,051	13,329	13,636
Total Debt	3,863	3,887	3,764	3,818	3,948	3,819	3,720	3,690	3,791	3,828
Total Long-Term Debt	3,860	2,511	3,759	3,813	3,943	3,816	3,717	3,687	3,788	3,825
Net Debt	-7,887	-7,921	-8,014	-8,179	-8,369	-8,455	-8,669	-8,918	-9,137	-9,392
Capital Expenditures (CapEx)	54	49	54	43	52	73	61	62	60	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	48	-14	-3.00	123	118	97	52	55	51	63
Debt-free Net Working Capital (DFNWC)	251	361	166	204	206	255	160	128	219	226
Net Working Capital (NWC)	248	-1,015	161	199	201	252	157	125	216	223
Net Nonoperating Expense (NNE)	-325	-203	-57	-234	-146	-195	-219	-179	-118	-280
Net Nonoperating Obligations (NNO)	-7,852	-7,921	-8,014	-8,179	-8,369	-8,455	-8,669	-8,918	-9,137	-9,392
Total Depreciation and Amortization (D&A)	66	67	58	56	55	61	50	52	55	50
Debt-free, Cash-free Net Working Capital to Revenue	4.93%	-1.44%	-0.31%	12.44%	12.03%	9.89%	5.31%	5.61%	5.08%	6.20%
Debt-free Net Working Capital to Revenue	25.77%	37.03%	16.89%	20.63%	21.00%	25.99%	16.33%	13.05%	21.83%	22.24%
Net Working Capital to Revenue	25.46%	-104.10%	16.38%	20.12%	20.49%	25.69%	16.02%	12.74%	21.54%	21.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.07	$1.26	$0.47	$1.73	$1.11	$1.40	$1.69	$1.36	$0.99	$2.04
Adjusted Weighted Average Basic Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M
Adjusted Diluted Earnings per Share	$2.05	$1.27	$0.47	$1.71	$1.10	$1.40	$1.69	$1.36	$0.99	$2.04
Adjusted Weighted Average Diluted Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	148.28M	146.30M	146.20M	146.21M	146.07M	142.93M	142.85M	142.85M	142.85M	143.28M
Normalized Net Operating Profit after Tax (NOPAT)	5.86	-25	12	18	16	10	22	16	24	11
Normalized NOPAT Margin	2.36%	-10.13%	4.88%	7.26%	6.81%	4.07%	8.91%	6.58%	8.98%	4.24%
Pre Tax Income Margin	151.61%	92.80%	37.40%	133.06%	86.67%	104.80%	126.12%	102.85%	69.08%	128.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.31	-0.62	0.07	0.38	0.31	0.00	0.08	0.48	0.54	0.53
NOPAT to Interest Expense	-0.29	-0.60	0.27	0.34	0.30	0.18	0.43	0.31	0.51	0.25
EBIT Less CapEx to Interest Expense	-2.86	-1.79	-1.13	-0.44	-0.65	-1.33	-1.12	-0.71	-0.76	-0.89
NOPAT Less CapEx to Interest Expense	-1.83	-1.77	-0.93	-0.49	-0.66	-1.14	-0.77	-0.88	-0.79	-1.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	272.99%	229.28%	202.43%	126.78%	42.51%	32.99%	32.09%	34.37%	35.25%	10.24%

Frequently Asked Questions About Liberty Broadband's Financials

When does Liberty Broadband's fiscal year end?

According to the most recent income statement we have on file, Liberty Broadband's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Liberty Broadband's net income changed over the last 9 years?

Liberty Broadband's net income appears to be on an upward trend, with a most recent value of $869 million in 2024, rising from $30.63 million in 2015. The previous period was $688 million in 2023. See Liberty Broadband's forecast for analyst expectations on what’s next for the company.

What is Liberty Broadband's operating income?

Liberty Broadband's total operating income in 2024 was $92 million, based on the following breakdown:

Total Gross Profit: $1.02 billion
Total Operating Expenses: $924 million

How has Liberty Broadband revenue changed over the last 9 years?

Over the last 9 years, Liberty Broadband's total revenue changed from $172 million in 2015 to $1.02 billion in 2024, a change of 490.7%.

How much debt does Liberty Broadband have?

Liberty Broadband's total liabilities were at $6.88 billion at the end of 2024, a 3.9% increase from 2023, and a 1,547.6% increase since 2015.

How much cash does Liberty Broadband have?

In the past 9 years, Liberty Broadband's cash and equivalents has ranged from $49.72 million in 2019 to $1.42 billion in 2020, and is currently $163 million as of their latest financial filing in 2024.

How has Liberty Broadband's book value per share changed over the last 9 years?

Over the last 9 years, Liberty Broadband's book value per share changed from 30.50 in 2015 to 68.56 in 2024, a change of 124.7%.

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This page (NASDAQ:LBRDA) was last updated on 5/5/2025 by MarketBeat.com Staff

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Liberty Broadband (LBRDA) Financials

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