Revenue and Earnings - Liberty Broadband reported total revenue of $245 million for Q1 2024, a slight decrease of 1% compared to $246 million in Q1 2023[19]. - GCI's consumer revenue declined by 1% to $117 million, driven by decreases in video revenue[13]. - Net earnings attributable to Liberty Broadband shareholders surged from $69 million in Q1 2023 to $241 million in Q1 2024, representing a substantial increase of 249%[31]. Operating Income and Adjusted OIBDA - GCI's operating income increased by 28% to $37 million in Q1 2024, up from $29 million in Q1 2023[10]. - Liberty Broadband's adjusted OIBDA increased from $82 million in Q1 2023 to $85 million in Q1 2024, reflecting a growth of 3.7%[28]. - The company's operating income rose significantly from $16 million in Q1 2023 to $28 million in Q1 2024, marking a 75% increase[31]. Cash Flow and Expenditures - GCI's cash decreased by $9 million in Q1 2024, primarily due to debt repayment and capital expenditures[8]. - Capital expenditures for GCI in Q1 2024 were $46 million, with expectations of approximately $200 million for the full year 2024[15]. - Capital expenditures increased from $54 million in Q1 2023 to $61 million in Q1 2024, an increase of 12.9%[32]. - The net cash provided by operating activities rose from $41 million in Q1 2023 to $52 million in Q1 2024, an increase of 26.8%[32]. Debt and Assets - Liberty Broadband's total debt decreased by $41 million to $3.769 billion in Q1 2024, with GCI's leverage at 2.8x[9]. - Liberty Broadband's long-term debt decreased from $3,733 million in 2023 to $3,636 million in 2024, a decline of 2.6%[30]. - Total assets increased slightly from $15,641 million in 2023 to $15,740 million in 2024, a growth of 0.6%[30]. - Cash and cash equivalents decreased from $158 million in Q1 2023 to $108 million in Q1 2024, a decline of 31.6%[30]. - The company reported a decrease in total current assets from $430 million in 2023 to $350 million in 2024, a reduction of 18.6%[30]. Share Repurchase and Authorizations - Liberty Broadband repurchased 103 thousand shares of Series C common stock at an average cost of $79.88 per share, totaling $8.2 million from February 1, 2024, to April 30, 2024[2]. - Liberty Broadband's remaining repurchase authorization as of April 30, 2024, is approximately $1.7 billion[2]. Expenses - The company experienced a decrease in selling, general and administrative expenses from $110 million in Q1 2023 to $105 million in Q1 2024, a reduction of 4.5%[31]. - GCI's Adjusted OIBDA remained flat at $90 million for both Q1 2023 and Q1 2024, with an Adjusted OIBDA margin of 36.7%[10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211994 ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.99%. A quarter ago, it was expected that this tracking stock would post earnings of $2.62 per share when it actually produced earnings of $1.39, delivering a surprise of -46.95%.Over the last four quarters, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction of incorporation or organization) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211994 ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211994 ...

Financial Performance - GCI Holdings reported revenue of $6 million, $18 million, and $17 million for the years ended December 31, 2022, 2021, and 2020, respectively, related to Skyhook [404]. - GCI Holdings' revenue for the year ended December 31, 2022, was $969 million, remaining relatively flat compared to $970 million in 2021 [435]. - Charter's revenue increased by $2.3 billion (4.4%) in 2022, reaching $54.022 billion, compared to $51.682 billion in 2021 [452]. - Adjusted OIBDA rose to $21.335 billion in 2022, up from $20.301 billion in 2021, reflecting a growth of 5.1% [452]. - Net income for 2022 was $5.849 billion, an increase of 9.9% from $5.320 billion in 2021 [452]. - Total revenue for the year ended December 31, 2022, was $969 million, a slight decrease from $970 million in 2021 [511]. Operating Expenses and Income - Consolidated operating loss decreased to $39 million for the year ended December 31, 2022, from a loss of $98 million in 2021 [439]. - Operating income for 2022 was $54 million, down from $72 million in 2021, indicating a decline in profitability [511]. - Operating expenses, excluding stock-based compensation, increased by $1.3 billion (4.1%) in 2022, totaling $32.687 billion [453]. - Selling, general and administrative expenses rose by $17 million to $361 million in 2022, primarily due to increased labor costs [522]. Cash Flow and Investments - Cash flow from operating activities was negative $56 million in 2022, a decrease from positive $3 million in 2021 [476]. - Net cash provided by investing activities was $3.047 billion in 2022, down from $4.062 billion in 2021 [476]. - Capital expenditures were $181 million in 2022, compared to $134 million in 2021 [479]. - The projected uses of cash include approximately $185 million for net capital expenditures and $175 million for interest payments on outstanding debt [485]. - Total material cash requirements amount to $5.723 billion, with $3.817 billion related to debt obligations due [487]. Debt and Interest - Interest expense increased by $16 million to $133 million for the year ended December 31, 2022, driven by higher interest rates on variable rate debt [448]. - Variable rate debt amounted to $402 million with a weighted average interest rate of 5.9% as of December 31, 2022 [532]. Customer Growth and Services - Charter added 1,728,000 mobile lines, 344,000 Internet customers, and 126,000 residential and Small and Medium Business customer relationships in 2022 [431]. - GCI Holdings provides a full range of services including data, wireless, video, voice, and managed services primarily in Alaska [507]. - Consumer data revenue increased by $17 million to $231 million in 2022, driven by subscriber growth and higher plan selections [512]. - Business data revenue increased by $27 million to $395 million in 2022, attributed to service upgrades and new customer growth [515]. - Wireless lines in service reached 191,100 as of December 31, 2022, up from 185,200 in 2021, reflecting a growth in subscriber base [509]. Legal and Regulatory Matters - GCI Holdings recorded an estimated liability for a probable loss of approximately $12 million in 2019, with an additional estimated settlement expense of $15 million recorded during the year ended December 31, 2022, resulting in a total estimated liability of $27 million [425]. - The FCC's decision to reduce rural rates charged to RHC customers by approximately 26% resulted in a reduction of total support payments of $28 million [415]. - GCI Holdings recorded a $14 million estimated settlement expense related to a DOJ investigation for the year ended December 31, 2022 [427]. - Litigation settlement expenses increased by $29 million in 2022, reflecting compliance-related liabilities [525]. - The company has contingent liabilities related to legal and tax proceedings, but specific loss estimates cannot be made [486]. Economic Conditions and Market Influences - GCI Holdings' business growth is significantly influenced by economic conditions in Alaska, which are dependent on the oil industry, state and federal spending, investment earnings, and tourism [412]. - The ongoing economic disruptions due to inflation and recessionary fears could negatively impact GCI Holdings' affordability and demand for its products and services [411]. - GCI Holdings must stay abreast of rapidly evolving technological developments to remain competitive and enhance the utility of its products and services [409]. - The RHC program has a funding cap that is annually adjusted for inflation, which management continues to monitor for its potential impact on funding in future years [419]. Shareholder Activities - Liberty Broadband owns approximately 47.2 million shares of Charter Class A common stock, representing an approximate 30.9% economic ownership interest in Charter's issued and outstanding shares [406]. - In 2022, net cash flows from investing activities included the sale of 6,168,174 shares of Charter Class A common stock for $3.0 billion, maintaining a fully diluted ownership percentage of 26% [479]. - Net cash flows used in financing activities in 2022 were primarily for repurchases of Series A and Series C Liberty Broadband common stock totaling $2.9 billion, partially offset by net borrowings of approximately $100 million [482]. - In 2021, net cash flows used in financing activities included repurchases of Series A and Series C common stock totaling $4.3 billion and net debt repayments of $700 million [483]. - The company expects Charter Repurchases to be a significant source of liquidity in future periods [479].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q State of Delaware 47-1211994 (State or other jurisdiction of incorporation or organization) 12300 Liberty Boulevard Englewood, Colorado ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission F ...