Liberty Broadband Corporation
(NASDAQ:LBRDK)

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location de...

Website: http://www.libertybroadband.com/

Founded: 2014

CEO: Gregory Maffei

Sector: Information

Industry: Satellite Telecommunications

Technology

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30

operating costs and expenses:
general and administrative, including...	5,000,000
operating income	-5,000,000	-5,000,000	-8,000,000	41,000,000	43,000,000	13,000,000	30,000,000	21,000,000	28,000,000	13,000,000	21,000,000	23,000,000	16,000,000	-33,000,000	-12,000,000	-1,000,000	7,000,000	-20,266,000	25,237,000	-2,092,000	-100,879,000	-26,220,000	-16,328,000	-9,832,000	-7,275,000	-8,322,000	-7,588,000	-7,166,000	-6,201,000	-5,093,000	-4,096,000	-5,071,000	2,246,000	-5,996,000	-5,787,000	-7,333,000	-6,362,000	-7,707,000	6,624,000	-10,737,000	-9,340,000	11,610,000	288,000	-3,414,000	50,471,000	-36,404,000	6,364,000
yoy	-111.63%	-138.46%	-126.67%	95.24%	53.57%	0.00%	42.86%	-8.70%	75.00%	-139.39%	-275.00%	-2400.00%	128.57%	62.83%	-147.55%	-52.20%	-106.94%	-22.71%	-254.56%	-78.72%	1286.65%	215.07%	115.18%	37.20%	17.32%	63.40%	85.25%	41.31%	-376.09%	-15.06%	-29.22%	-30.85%	-135.30%	-22.20%	-187.36%	-31.70%	-31.88%	-166.38%	2200.00%	214.50%	-118.51%	-131.89%	-95.47%
qoq	0.00%	-37.50%	-119.51%	-4.65%	230.77%	-56.67%	42.86%	-25.00%	115.38%	-38.10%	-8.70%	43.75%	-148.48%	175.00%	1100.00%	-114.29%	-134.54%	-180.30%	-1306.36%	-97.93%	284.74%	60.58%	66.07%	35.15%	-12.58%	9.67%	5.89%	15.56%	21.76%	24.34%	-19.23%	-325.78%	-137.46%	3.61%	-21.08%	15.26%	-17.45%	-216.35%	-161.69%	14.96%	-180.45%	3931.25%	-108.44%	-106.76%	-238.64%	-672.03%
operating margin %	-Infinity%	-Infinity%	-Infinity%	15.71%	16.17%	4.94%	11.45%	8.54%	11.43%	5.20%	8.75%	9.39%	6.50%	-13.20%	-4.84%	-0.42%	2.94%	-8.14%	10.09%	-0.86%	-40.92%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-248.72%	-168.72%	-238.63%	-202.61%	-112.46%	32.13%	-362.00%	-243.80%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%
other income:
interest expense	-24,000,000	-24,000,000	-28,000,000	-40,000,000	-40,000,000	-45,000,000	-46,000,000	-52,000,000	-51,000,000	-55,000,000	-54,000,000	-52,000,000	-45,000,000	-42,000,000	-35,000,000	-30,000,000	-26,000,000	-26,968,000	-28,155,000	-28,734,000	-33,143,000	-13,447,000	-3,719,000	-5,131,000	-5,861,000	-6,158,000	-6,123,000	-6,342,000	-6,543,000	-6,263,000	-5,967,000	-6,035,000	-5,037,000	-4,671,000	-5,518,000	-4,826,000	-4,555,000	-4,409,000	-4,090,000	-4,016,000	-2,441,000	-1,928,000	-1,816,000	-1,919,000	-1,761,000
share of earnings of affiliate	308,000,000	-4,020,000,000	295,000,000	345,000,000	318,000,000	400,000,000	346,000,000	297,000,000	280,000,000	263,000,000	326,000,000	318,000,000	248,000,000	328,000,000	309,000,000	386,000,000	303,000,000
gain on dilution of investment in affiliate	-70,000,000	-46,000,000	-17,000,000	-15,000,000	-18,000,000	8,000,000	-8,000,000	-4,000,000	-28,000,000	-18,000,000	-10,000,000	-5,000,000	-27,000,000	4,000,000		-11,000,000	-56,000,000	-3,554,000	-1,693,000	-14,538,000	-82,215,000	-42,965,000	-35,284,000	-46,001,000	-59,325,000	-10,385,000	-11,219,000	-16,322,000	-41,403,000	-8,410,000	-3,203,000	-5,205,000	-26,757,000	24,643,000	-3,718,000	-6,659,000	-32,138,000	10,692,000	-16,331,000	778,129,000	-1,724,000	-5,085,000	-851,000	-852,000	-410,000	-25,996,000	-10,953,000
realized and unrealized gains on financial instruments	-3,000,000	-6,000,000	18,000,000	76,000,000	-37,000,000	-40,000,000	-144,000,000	-17,000,000	76,000,000	54,000,000	-81,000,000	40,000,000	-114,000,000	-28,000,000	148,000,000	77,000,000	137,000,000	119,555,000	-26,839,000	-125,064,000	99,348,000	-43,746,000	-39,324,000			1,603,000	-433,000				5,678,000	-2,019,000		-1,928,000	2,675,000	1,370,000	981,000	1,132,000		47,985,000	45,005,000	14,710,000	-23,116,000	12,354,000	-1,329,000	27,444,000	-12,532,000
other	1,000,000	2,000,000	-5,000,000	7,000,000	-2,000,000	3,000,000	3,000,000	8,000,000	4,000,000	5,000,000	6,000,000	2,000,000	14,000,000	3,000,000	-34,000,000	-18,000,000	-21,000,000	-23,382,000	14,788,000	22,720,000	-8,126,000	2,095,000	8,000	28,000	163,000	180,000	350,000	406,000	5,000	20,750	83,000			2,750	9,000	3,000		19,000	5,000	36,000	71,000	15,009,000	10,000	48,000	-24,000	-3,000	8,000
earnings before income taxes	207,000,000	-4,099,000,000	255,000,000	414,000,000	264,000,000	339,000,000	181,000,000	253,000,000	309,000,000	262,000,000	208,000,000	326,000,000	92,000,000	232,000,000	376,000,000	582,000,000	344,000,000	486,995,000	297,901,000	101,140,000	63,964,000
income tax benefit	-4,000,000			-31,000,000	4,000,000	-48,000,000	-39,000,000	-58,000,000	-68,000,000	-57,000,000	-46,000,000	-74,000,000	-23,000,000	-54,000,000	-61,000,000	-117,000,000	-45,000,000	-100,216,000	-61,073,000	-44,926,000	-11,785,000	83,626,000	-24,979,000	-24,978,000	2,774,000	-29,468,000	-9,124,000	-3,924,000	4,574,000	-4,919,000	-17,762,000	-4,194,000	4,951,000	-435,178,000	7,333,000	2,542,000	8,370,000	-26,020,000	-1,655,000	-544,971,000	14,277,000	5,457,000	9,584,000	4,442,000	385,000	19,703,000	18,437,000
net earnings from continuing operations	203,000,000	-3,176,000,000	255,000,000
net earnings from discontinued operations		3,000,000	-409,000,000
net earnings	203,000,000	-3,173,000,000	-154,000,000	383,000,000	268,000,000	291,000,000	142,000,000	195,000,000	241,000,000	205,000,000	162,000,000	252,000,000	69,000,000	178,000,000	315,000,000	465,000,000	299,000,000	386,779,000	236,828,000	56,214,000	52,179,000
yoy	-24.25%	-1190.38%	-208.45%	96.41%	11.20%	41.95%	-12.35%	-22.62%	249.28%	15.17%	-48.57%	-45.81%	-76.92%	-53.98%	33.01%	727.20%	473.03%
qoq	-106.40%	1960.39%	-140.21%	42.91%	-7.90%	104.93%	-27.18%	-19.09%	17.56%	26.54%	-35.71%	265.22%	-61.24%	-43.49%	-32.26%	55.52%	-22.69%	63.32%	321.30%	7.73%
net income margin %	Infinity%	-Infinity%	-Infinity%	146.74%	100.75%	110.65%	54.20%	79.27%	98.37%	82.00%	67.50%	102.86%	28.05%	71.20%	127.02%	194.56%	125.63%	155.36%	94.65%	23.20%	21.17%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
basic net earnings from continuing operations attributable to series a, series b and series c liberty broadband shareholders per common share	1,420,000	-22,210,000	1,780,000
basic net earnings from discontinued operations attributable to series a, series b and series c liberty broadband shareholders per common share		20,000	-2,860,000
diluted net earnings from continuing operations attributable to series a, series b and series c liberty broadband shareholders per common share	1,410,000	-22,210,000	1,770,000
diluted net earnings from discontinued operations attributable to series a, series b and series c liberty broadband shareholders per common share		20,000	-2,840,000
selling, general and administrative, including stock-based compensation		7,750,000	8,000,000	110,000,000	112,000,000	131,000,000	113,000,000	111,000,000	105,000,000	111,000,000	105,000,000	107,000,000	110,000,000	79,250,000	111,000,000	105,000,000	101,000,000					9,329,000	17,968,000	10,930,000	8,418,000	9,149,000	8,507,000	8,217,000	6,938,000	6,069,000	5,187,000	5,514,000	6,727,000	5,966,000	6,189,000	6,366,000	5,544,000	6,911,000	9,855,000	9,131,000	8,806,000	10,701,000	9,515,000	10,660,000	11,916,000	9,846,000	8,006,000
less net earnings attributable to the non-controlling interests																		-31,000	-41,000	-42,000	-41,000
net earnings attributable to liberty broadband shareholders		124,250,000	-154,000,000	383,000,000	268,000,000	291,000,000	142,000,000	195,000,000	241,000,000	205,000,000	162,000,000	252,000,000	69,000,000	178,000,000	315,000,000	465,000,000	299,000,000	386,655,000	236,869,000	56,256,000	52,220,000	264,287,000	68,960,000	72,214,000	-7,842,000	91,969,000	27,496,000	12,052,000	-14,301,000	14,804,000	59,639,000	10,580,000	-15,070,000	2,060,953,000	-9,864,000	-2,977,000	-14,445,000	45,601,000	3,789,000	890,154,000	-22,241,000	-28,401,000	-19,295,000	-7,809,000	5,318,000	-46,804,000	-31,990,000
revenue				261,000,000	266,000,000	263,000,000	262,000,000	246,000,000	245,000,000	250,000,000	240,000,000	245,000,000	246,000,000	250,000,000	248,000,000	239,000,000	238,000,000	248,962,000	250,220,000	242,284,000	246,534,000													2,410,750	3,430,000	3,073,000	3,140,000	6,853,250	20,616,000	2,966,000	3,831,000
yoy				6.10%	8.57%	5.20%	9.17%	0.41%	-0.41%	0.00%	-3.23%	2.51%	3.36%	0.42%	-0.89%	-1.36%	-3.46%																	-64.82%	-83.36%	3.61%	-18.04%
qoq				-1.88%	1.14%	0.38%	6.50%	0.41%	-2.00%	4.17%	-2.04%	-0.41%	-1.60%	0.81%	3.77%	0.42%	-4.40%	-0.50%	3.28%	-1.72%														-29.72%	11.62%	-2.13%	-54.18%	-66.76%	595.08%	-22.58%
operating expense				58,000,000	58,000,000	69,000,000	64,000,000	62,000,000	62,000,000	65,000,000	59,000,000	59,000,000	62,000,000	63,000,000	64,000,000	60,000,000	66,000,000
depreciation and amortization				52,000,000	53,000,000	50,000,000	55,000,000	52,000,000	50,000,000	61,000,000	55,000,000	56,000,000	58,000,000	67,000,000	66,000,000	65,000,000	64,000,000	68,234,000	68,130,000	66,874,000	63,762,000	14,186,000	56,000	492,000	493,000	467,000	471,000	469,000	468,000	470,000	501,000	899,000	909,000	926,000	942,000	949,000	953,000	1,070,000	971,000	978,000	986,000	1,168,000	820,000	856,000	3,244,000	2,460,000	2,479,000
operating costs and expenses: - sum				220,000,000	223,000,000	250,000,000	232,000,000	225,000,000	217,000,000	237,000,000	219,000,000	222,000,000	230,000,000	283,000,000	260,000,000	240,000,000	231,000,000
basic net earnings attributable to series a, series b and series c liberty broadband shareholders per common share				2,680,000	1,870,000	2,040,000	990,000	1,360,000	1,690,000	1,400,000	1,110,000	1,730,000	470,000	1,270,000	2,070,000	2,890,000	1,790,000	460	1,310	300	270	182.5	380	400	-40	35	150	70	-80	75	330	60	-80	-37.5	-50	-20	-80	1,532.5	20	6,310	-220	-52.5	-190	-80	50
diluted net earnings attributable to series a, series b and series c liberty broadband shareholders per common share				2,680,000	1,870,000	2,040,000	990,000	1,360,000	1,690,000	1,390,000	1,100,000	1,710,000	470,000	1,260,000	2,050,000	2,870,000	1,770,000	3,928,180	1,290	300	270	1,440	380	390	-40	500	150	70	-80	80	330	60	-80	11,250	-50	-20	-80	-100	20	6,280	-220	-280	-190	-80	50
litigation settlement																					110,000,000
gain on dispositions																179,000,000
litigation settlement, net of recoveries														38,000,000	19,000,000	10,000,000		8,520,000	-23,520,000
operating costs and expenses
operating, including stock-based compensation																		51,647,500	70,308,000	67,104,000	69,178,000	12,928,000	2,523,000	2,524,000	2,468,000	2,647,000	2,323,000	2,227,000	2,253,000	566,000	505,000	501,000	466,000	614,000	646,000	707,000	615,000	699,000	782,000	649,000	668,000	1,649,000	1,090,000	868,000	2,489,000	1,701,000	1,701,000
selling, general and administrative, including stock-based compensation and transaction costs																		117,064,000	110,065,000	110,398,000	104,473,000
operating costs and expenses - sum																		204,193,000	224,983,000	244,376,000	347,413,000	64,489,000	20,547,000	13,946,000	11,379,000	12,263,000	11,301,000	10,913,000
share of earnings of affiliates																		188,097,500	314,563,000	248,848,000	188,979,000	102,099,000	188,586,000	158,128,000	61,682,000	35,470,500	61,633,000	45,400,000	34,849,000	31,738,000	84,739,000	32,911,000	9,302,000	6,277,250	-5,280,000	11,467,000	18,922,000	142,544,500	19,046,000	621,410,000	-70,278,000	-16,436,750	-3,999,000	-18,698,000	-43,050,000	-31,605,000	-34,542,000
revenue:
software sales																						3,079,250	4,209,000	4,114,000	3,994,000	3,941,000	3,713,000	3,747,000	3,458,000	3,576,000	3,518,000	3,371,000	11,791,000
service																						30,000	10,000		110,000																	45,627,000	10,173,000	10,126,000	10,213,000	14,586,000	14,589,000
total revenue																						38,269,000	4,219,000	4,114,000	4,104,000	3,941,000	3,713,000	3,747,000	3,458,000	3,576,000	3,518,000	3,371,000	11,791,000									49,996,000	15,225,000	12,645,000	13,316,000	17,533,000	17,445,000
net earnings before income taxes																						45,128,750	93,939,000	97,192,000	-10,616,000	8,430,250	36,620,000	15,976,000	-18,875,000	18,038,500	77,401,000	14,774,000	-20,021,000	-11,382,750	-17,197,000	-5,519,000	-22,815,000	351,012,750	5,444,000	1,435,125,000	-36,518,000	-9,049,250	-28,879,000	-12,251,000	4,933,000	-33,946,000	-50,427,000
dividend and interest income																													418,000	296,000	167,000	193,000	225,000	230,000	422,000	459,000	338,000	323,000	190,000	2,318,000	2,189,000	1,926,000	605,000	230,000	1,036,000	1,195,000	1,228,000
research and development, including stock-based compensation																														1,564,000	1,421,000	1,528,000	1,443,000	1,939,000	1,440,000	2,384,000	2,390,000	2,200,000	2,384,000	2,945,000	2,711,000	4,144,000	3,512,000	3,675,000	5,701,000	4,593,000	4,688,000
net gain on legal settlement																																										-15,126,250
product and technology																																										2,668,500	5,052,000	2,519,000	3,103,000
gain on legal settlement																																													-60,505,000		-6,000,000
product																																														2,947,000	2,856,000
cost of goods sold																																														-247,000	207,000
unaudited pro forma basic net earnings attributable to series a, series b and series c liberty broadband shareholders per common share																																														-255	-370

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30

assets
current assets:
cash and cash equivalents	51,000,000	57,000,000	73,000,000	180,000,000	226,000,000	163,000,000	168,000,000	73,000,000	108,000,000	158,000,000	88,000,000	81,000,000	169,000,000	375,000,000	203,000,000	301,000,000	300,000,000	191,000,000	319,415,000	219,241,000	1,177,161,000	1,417,802,000	400,268,000	17,162,000	18,357,000	49,724,000	46,546,000	67,134,000	73,178,000	83,103,000	43,268,000	52,462,000	78,088,000	81,257,000	135,425,000	196,753,000	247,872,000	205,728,000	259,041,000	256,310,000	785,140,000	655,079,000	643,384,000	766,259,000	763,127,000	44,809,000	47,411,000
restricted cash and restricted cash equivalents	973,000,000
other current assets	51,000,000																		177,470,000	66,237,000	82,954,000	79,453,000	2,224,000	2,544,000	2,665,000	2,409,000	2,508,000	7,181,000	1,121,000	1,471,000	2,210,000	2,776,000	1,797,000	2,797,000	4,319,000	3,901,000	2,545,000	2,794,000	3,318,000	3,150,000	3,482,000	11,660,000	2,284,000	1,389,000	1,877,000	10,639,000	5,797,000
total current assets	1,075,000,000	103,000,000	85,000,000	364,000,000	797,000,000	423,000,000	417,000,000	309,000,000	350,000,000	430,000,000	430,000,000	393,000,000	454,000,000	660,000,000	492,000,000	551,000,000	546,000,000	459,000,000	742,447,000	519,049,000	1,461,343,000	1,846,511,000	402,492,000	19,706,000	21,022,000	52,133,000	94,951,000	74,315,000	74,299,000	84,574,000	95,478,000	100,985,000	79,885,000	84,054,000	141,977,000	253,195,000	251,572,000	258,419,000	263,825,000	260,466,000	867,180,000	678,247,000	665,466,000	814,243,000	885,055,000	80,430,000	190,688,000
investment in charter, accounted for using the equity method	8,712,000,000	8,670,000,000	13,051,000,000	13,080,000,000	13,060,000,000	13,057,000,000	12,760,000,000	12,535,000,000	12,281,000,000	12,116,000,000	12,229,000,000	11,916,000,000	11,609,000,000	11,433,000,000	11,547,000,000	12,051,000,000	12,902,000,000	13,260,000,000	14,386,719,000	14,947,277,000	15,734,862,000	16,178,939,000	12,450,425,000	12,306,593,000	12,194,726,000	12,194,674,000	12,067,329,000	12,023,742,000	11,999,494,000	12,004,376,000	11,977,368,000	11,891,637,000	11,866,434,000	11,835,613,000	9,326,871,000	9,335,451,000	9,330,239,000		9,233,197,000	9,230,084,000
other assets	63,000,000		57,000,000	227,000,000	227,000,000	300,000,000	226,000,000	224,000,000	237,000,000	236,000,000	251,000,000	253,000,000	206,000,000	180,000,000	177,000,000	191,000,000	201,000,000	210,000,000	217,456,000	195,653,000	160,466,000	151,487,000	8,772,000	9,100,000	9,406,000	9,535,000	9,767,000	9,112,000	9,585,000	9,487,000	49,000	17,000	49,000	49,000				1,485,000				235,000
total assets	9,850,000,000	8,830,000,000	13,193,000,000	16,593,000,000	16,995,000,000	16,687,000,000	16,303,000,000	15,959,000,000	15,740,000,000	15,641,000,000	15,768,000,000	15,409,000,000	15,129,000,000	15,142,000,000	15,119,000,000	15,738,000,000	16,630,000,000	16,968,000,000	18,439,712,000	18,775,057,000	20,491,042,000	21,371,124,000	12,861,689,000	12,335,399,000	12,225,154,000	12,256,342,000	12,172,047,000	12,107,169,000	12,083,378,000	12,098,437,000	12,082,674,000	12,002,928,000	11,957,547,000	11,931,789,000	9,481,894,000	9,602,799,000	9,598,114,000	9,590,960,000	9,515,400,000	9,509,936,000	3,740,888,000	3,565,741,000	3,611,517,000	3,730,367,000	3,770,211,000	3,003,932,000	3,008,304,000
liabilities and equity
current liabilities:
taxes payable		23,000,000	128,000,000
current portion of debt, including 965 and 956 measured at fair value, respectively	965,000,000
other current liabilities	20,000,000	8,000,000		77,000,000	77,000,000	64,000,000	56,000,000	50,000,000	67,000,000	59,000,000	71,000,000	63,000,000	152,000,000	137,000,000	108,000,000	149,000,000	154,000,000	106,000,000	82,490,000	64,726,000	133,499,000	113,234,000													553,000	1,698,000	1,876,000	2,014,000	2,289,000	1,887,000	2,406,000	2,254,000	1,981,000	7,680,000	16,654,000	2,340,000	10,034,000
total current liabilities	985,000,000	987,000,000	350,000,000	604,000,000	573,000,000	200,000,000	201,000,000	184,000,000	193,000,000	178,000,000	229,000,000	194,000,000	293,000,000	1,675,000,000	244,000,000	448,000,000	537,000,000	582,000,000	767,123,000	728,873,000	676,086,000	611,762,000	16,339,000	20,106,000	8,110,000	12,139,000	11,804,000	29,381,000	5,824,000	8,195,000	9,999,000	11,909,000	5,218,000	10,549,000	12,200,000	617,658,000	609,358,000	412,116,000	12,826,000	14,464,000	11,685,000	15,376,000	26,324,000	44,931,000	155,933,000	99,596,000	109,195,000
long-term debt	1,600,000,000
deferred income tax liabilities	1,167,000,000	1,155,000,000	2,083,000,000	2,373,000,000	2,367,000,000	2,388,000,000	2,342,000,000	2,311,000,000	2,255,000,000	2,216,000,000	2,184,000,000	2,146,000,000	2,074,000,000	2,040,000,000	2,007,000,000	1,999,000,000	2,002,000,000	1,998,000,000	2,008,399,000	1,991,624,000	1,974,045,000	1,977,643,000	1,036,672,000	1,017,921,000	992,704,000	999,757,000	972,005,000	964,584,000	961,665,000	965,829,000	961,835,000	943,401,000	939,821,000	932,593,000	497,414,000	504,593,000	506,981,000	504,644,000	477,492,000	475,955,000
preferred stock	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	201,000,000	201,000,000	201,000,000	201,000,000	202,000,000	202,000,000	202,000,000	202,000,000	202,000,000	203,000,000	203,000,000	203,000,000	203,000,000	202,417,000	202,615,000	202,795,000	202,917,000
total liabilities	3,952,000,000	3,132,000,000	4,323,000,000	6,179,000,000	6,928,000,000	6,879,000,000	6,765,000,000	6,598,000,000	6,582,000,000	6,618,000,000	6,771,000,000	6,570,000,000	6,545,000,000	6,641,000,000	6,543,000,000	6,710,000,000	7,031,000,000	6,829,000,000	7,308,325,000	6,945,005,000	7,680,810,000	7,856,705,000	2,374,439,000	1,614,665,000	1,578,183,000	1,588,396,000	1,559,875,000	1,520,109,000	1,493,623,000	1,499,819,000	1,497,379,000	1,481,445,000	1,446,152,000	1,444,888,000	1,011,659,000	1,124,656,000	1,118,895,000	1,117,868,000	1,090,822,000	1,091,086,000	612,025,000	417,522,000	436,705,000	535,812,000	569,349,000	509,163,000	146,812,000
equity
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,254,690 and 18,254,690 at march 31, 2026 and december 31, 2025, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 386,988 and 386,988 at march 31, 2026 and december 31, 2025, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 124,856,052 and 124,856,052 at march 31, 2026 and december 31, 2025, respectively	1,000,000
additional paid-in capital	1,642,000,000	1,646,000,000	1,638,000,000	3,008,000,000	3,011,000,000	3,007,000,000	3,028,000,000	3,023,000,000	3,018,000,000	3,107,000,000	3,293,000,000	3,286,000,000	3,282,000,000	3,318,000,000	3,564,000,000	4,319,000,000	5,375,000,000	6,214,000,000	7,593,816,000	8,530,684,000	9,563,275,000	10,319,754,000	7,587,627,000	7,878,499,000	7,876,950,000	7,890,084,000	7,926,662,000	7,929,046,000	7,943,795,000	7,938,357,000	7,939,838,000	7,940,118,000	7,940,438,000	7,907,900,000	7,952,316,000	7,950,620,000	7,948,970,000	7,945,883,000	7,942,970,000	7,941,278,000	3,540,602,000	3,537,848,000	3,536,532,000	3,537,193,000	3,535,899,000	2,835,373,000
accumulated other comprehensive earnings, net of taxes	16,000,000	15,000,000	22,000,000	24,000,000	60,000,000	73,000,000	70,000,000	40,000,000	35,000,000	52,000,000	45,000,000	56,000,000	59,000,000	9,000,000	18,000,000	30,000,000	10,000,000	14,000,000	13,298,000	11,870,000	15,597,000	15,436,000	-3,394,000	8,158,000	8,158,000	8,158,000	7,778,000	7,778,000	7,778,000	7,778,000	7,778,000	8,252,000	8,424,000	8,424,000	8,290,000	8,030,000	7,780,000	7,656,000	7,656,000	7,409,000	9,035,000	8,905,000	8,414,000	8,201,000	7,993,000	7,918,000	7,674,000
retained earnings	4,239,000,000	4,036,000,000	7,209,000,000	7,363,000,000	6,980,000,000	6,712,000,000	6,421,000,000	6,279,000,000	6,084,000,000	5,843,000,000	5,638,000,000	5,476,000,000	5,224,000,000	5,155,000,000	4,977,000,000	4,662,000,000	4,197,000,000	3,898,000,000	3,510,849,000	3,273,980,000	3,217,724,000	3,165,504,000	2,901,217,000	2,832,257,000	2,760,043,000	2,767,885,000	2,675,916,000	2,648,420,000	2,636,368,000	2,650,669,000	2,635,865,000	2,571,299,000	2,560,719,000	2,568,764,000	507,811,000	517,675,000	520,651,000	517,736,000	472,135,000	468,346,000	-421,808,000	-399,567,000	-371,166,000	-351,871,000	-344,062,000	-349,380,000	-302,576,000
total stockholders' equity	5,898,000,000	5,698,000,000	8,870,000,000	10,396,000,000	10,052,000,000	9,793,000,000	9,520,000,000	9,343,000,000	9,138,000,000	9,003,000,000	8,977,000,000	8,819,000,000	8,566,000,000	8,483,000,000	8,560,000,000	9,012,000,000	9,583,000,000	10,127,000,000	11,119,751,000	11,818,375,000	12,798,513,000	13,502,659,000
commitments and contingencies
total liabilities and equity	9,850,000,000	8,830,000,000	13,193,000,000	16,593,000,000	16,995,000,000	16,687,000,000	16,303,000,000	15,959,000,000	15,740,000,000	15,641,000,000	15,768,000,000	15,409,000,000	15,129,000,000	15,142,000,000	15,119,000,000	15,738,000,000	16,630,000,000	16,968,000,000	18,439,712,000	18,775,057,000	20,491,042,000	21,371,124,000	12,861,689,000	12,335,399,000	12,225,154,000	12,256,342,000	12,172,047,000	12,107,169,000	12,083,378,000	12,098,437,000	12,082,674,000	12,002,928,000	11,957,547,000	11,931,789,000	9,481,894,000	9,602,799,000	9,598,114,000	9,590,960,000	9,515,400,000	9,509,936,000	3,740,888,000	3,565,741,000	3,611,517,000	3,730,367,000	3,770,211,000	3,003,932,000	3,008,304,000
restricted cash and other current assets		46,000,000
current assets of discontinued operations
restricted cash and other assets		57,000,000
non-current assets of discontinued operations
current portion of debt, including 956 and zero measured at fair value, respectively		956,000,000
current liabilities of discontinued operations
long-term debt, net, including zero and 1,897 measured at fair value, respectively		790,000,000
non-current liabilities of discontinued operations
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,254,690 and 18,251,013 at december 31, 2025 and december 31, 2024, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 386,988 and 2,007,705 at december 31, 2025 and december 31, 2024, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 124,856,052 and 123,022,488 at december 31, 2025 and december 31, 2024, respectively		1,000,000
non-controlling interests				18,000,000	15,000,000	15,000,000	18,000,000	18,000,000	20,000,000	20,000,000	20,000,000	20,000,000	18,000,000	18,000,000	16,000,000	16,000,000	16,000,000	12,000,000	11,636,000	11,677,000	11,719,000	11,760,000
total equity		5,698,000,000	8,870,000,000	10,414,000,000	10,067,000,000	9,808,000,000	9,538,000,000	9,361,000,000	9,158,000,000	9,023,000,000	8,997,000,000	8,839,000,000	8,584,000,000	8,501,000,000	8,576,000,000	9,028,000,000	9,599,000,000	10,139,000,000	11,131,387,000	11,830,052,000	12,810,232,000	13,514,419,000	10,487,250,000	10,720,734,000	10,646,971,000	10,667,946,000	10,612,172,000	10,587,060,000	10,589,755,000	10,598,618,000	10,585,295,000	10,521,483,000	10,511,395,000	10,486,901,000	8,470,235,000	8,478,143,000	8,479,219,000	8,473,092,000	8,424,578,000	8,418,850,000	3,128,863,000	3,148,219,000	3,174,812,000	3,194,555,000	3,200,862,000	2,494,769,000	2,861,492,000
receivables, prepaid and other current assets			12,000,000
current portion of debt, including 102 and zero measured at fair value, respectively			102,000,000
due to gci liberty			98,000,000
accounts payable, accrued liabilities and other current liabilities			22,000,000
long-term debt, net, including 850 and 1,897 measured at fair value, respectively			1,690,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,254,690 and 18,251,013 at september 30, 2025 and december 31, 2024, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 386,988 and 2,007,705 at september 30, 2025 and december 31, 2024, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 124,847,905 and 123,022,488 at september 30, 2025 and december 31, 2024, respectively			1,000,000
trade and other receivables, net of allowance for credit losses of 4 and 4, respectively				133,000,000	174,000,000								194,000,000		210,000,000	179,000,000	169,000,000
prepaid and other current assets				51,000,000	397,000,000	65,000,000	63,000,000	60,000,000	56,000,000	94,000,000	122,000,000	129,000,000	91,000,000	84,000,000	79,000,000	71,000,000	77,000,000	62,000,000
property and equipment				1,184,000,000	1,164,000,000	1,150,000,000	1,131,000,000	1,109,000,000	1,078,000,000	1,053,000,000	1,036,000,000	1,013,000,000	1,012,000,000	1,011,000,000	1,022,000,000	1,013,000,000	1,010,000,000	1,031,000,000	1,043,831,000	1,046,634,000	1,071,969,000	1,098,512,000													425,000	515,000	601,000	710,000	868,000	987,000	1,137,000	1,248,000	1,421,000	1,200,000	1,254,000	3,590,000	3,775,000
intangible assets not subject to amortization
goodwill				755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	755,000,000	762,000,000	762,000,000	762,084,000	764,686,000	764,686,000	745,577,000													6,497,000	6,497,000	6,497,000	6,497,000	6,497,000	6,497,000	6,497,000	6,497,000	27,166,000	27,166,000	27,166,000	27,166,000	45,600,000
cable certificates				550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	550,000,000	560,000,000
other				41,000,000	41,000,000	41,000,000	41,000,000	41,000,000	40,000,000	40,000,000	40,000,000	37,000,000	37,000,000	37,000,000	37,000,000	37,000,000	37,000,000	37,000,000	37,112,000	36,500,000	36,500,000	21,500,000
intangible assets subject to amortization				392,000,000	401,000,000	411,000,000	423,000,000	436,000,000	449,000,000	461,000,000	477,000,000	492,000,000	506,000,000	516,000,000	532,000,000	546,000,000	559,000,000	573,000,000	589,227,000	606,656,000	624,956,000	674,049,000													6,063,000	6,898,000	7,752,000	8,596,000	9,436,000	10,176,000	11,029,000	11,887,000	12,744,000	11,401,000	12,081,000	12,915,000	31,527,000
accounts payable and accrued liabilities				107,000,000	105,000,000	112,000,000	112,000,000	101,000,000	94,000,000	86,000,000	104,000,000	92,000,000	86,000,000	92,000,000	113,000,000	100,000,000	97,000,000	99,000,000	228,230,000	216,508,000	198,045,000	97,933,000	7,699,000	8,562,000	4,260,000	6,168,000	4,070,000	19,429,000	2,922,000	3,504,000	3,091,000	2,685,000	2,703,000	5,381,000	4,963,000	8,184,000	7,218,000	7,931,000	6,635,000	7,671,000	7,189,000	10,493,000	10,912,000	9,696,000	36,931,000	15,953,000	12,848,000
deferred revenue				24,000,000	21,000,000	21,000,000	30,000,000	30,000,000	29,000,000	30,000,000	28,000,000	24,000,000	21,000,000	20,000,000	20,000,000	21,000,000	22,000,000	25,000,000	28,028,000	30,488,000	22,244,000	24,926,000													6,684,000	8,604,000	1,422,000	2,171,000	3,902,000	4,906,000	2,090,000	2,629,000	13,431,000	27,555,000	34,575,000	5,947,000	21,329,000
current portion of debt, including 392 and zero measured at fair value, respectively				396,000,000
long-term debt, net, including 575 and 1,897 measured at fair value, respectively				2,673,000,000
obligations under tower obligations and finance leases				70,000,000
long-term deferred revenue				130,000,000	130,000,000	113,000,000	93,000,000	76,000,000	77,000,000	65,000,000	66,000,000	63,000,000	62,000,000	63,000,000	38,000,000	36,000,000	35,000,000	35,000,000	35,649,000	37,236,000	38,278,000	39,649,000
other liabilities				129,000,000	144,000,000	152,000,000	140,000,000	139,000,000	139,000,000	141,000,000	147,000,000	152,000,000	155,000,000	150,000,000	156,000,000	166,000,000	177,000,000	189,000,000	198,234,000	183,937,000	140,910,000	146,687,000	2,764,000	3,045,000	4,100,000	3,556,000	3,447,000	2,595,000	2,896,000	2,867,000	2,928,000	2,976,000	3,349,000	4,376,000	1,305,000									41,132,000	3,757,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,254,690 and 18,251,013 at june 30, 2025 and december 31, 2024, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,004,028 and 2,007,705 at june 30, 2025 and december 31, 2024, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 123,230,201 and 123,022,488 at june 30, 2025 and december 31, 2024, respectively				1,000,000
current portion of debt, including 366 and zero measured at fair value, respectively					370,000,000
long-term debt, net, including 1,584 and 1,897 measured at fair value, respectively					3,443,000,000
obligations under tower obligations and finance leases, excluding current portion					71,000,000	72,000,000	79,000,000	81,000,000	81,000,000	83,000,000	83,000,000	84,000,000	85,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,252,413 and 18,251,013 at march 31, 2025 and december 31, 2024, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,006,305 and 2,007,705 at march 31, 2025 and december 31, 2024, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 123,071,777 and 123,022,488 at march 31, 2025 and december 31, 2024, respectively					1,000,000
trade and other receivables						195,000,000				178,000,000				201,000,000				206,000,000																	2,233,000	1,455,000	1,155,000		1,466,000	1,006,000	873,000		919,000	1,739,000	90,455,000	617,000	478,000
current portion of debt						3,000,000	3,000,000	3,000,000	3,000,000																											599,172,000	598,842,000	400,000,000
long-term debt, net, including 1,897 and 1,255 measured at fair value, respectively						3,753,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,251,013 and 18,233,573 at december 31, 2024 and 2023 respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,007,705 and 2,025,232 at december 31, 2024 and 2023, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 123,022,488 and 123,704,814 at december 31, 2024 and 2023, respectively						1,000,000
trade and other receivables, net of allowance for credit losses of 4 and 5, respectively							186,000,000
long-term debt, net, including 1,876 and 1,255 measured at fair value, respectively							3,709,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,236,186 and 18,233,573 at september 30, 2024 and december 31, 2023, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,022,532 and 2,025,232 at september 30, 2024 and december 31, 2023, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 122,589,320 and 123,704,814 at september 30, 2024 and december 31, 2023, respectively							1,000,000
trade and other receivables, net of allowance for credit losses of 5 and 5, respectively								176,000,000	186,000,000
long-term debt, net, including 1,211 and 1,255 measured at fair value, respectively								3,606,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,236,186 and 18,233,573 at june 30, 2024 and december 31, 2023, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,022,532 and 2,025,232 at june 30, 2024 and december 31, 2023, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 122,589,251 and 123,704,814 at june 30, 2024 and december 31, 2023, respectively								1,000,000
long-term debt, net, including 1,200 and 1,255 measured at fair value, respectively									3,636,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,235,286 and 18,233,573 at march 31, 2024 and december 31, 2023, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,023,432 and 2,025,232 at march 31, 2024 and december 31, 2023, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 122,589,251 and 123,704,814 at march 31, 2024 and december 31, 2023, respectively									1,000,000
current portion of debt, including zero and 1,373 measured at fair value, respectively										3,000,000
indemnification obligation											21,000,000	10,000,000	29,000,000	50,000,000		175,000,000	239,000,000	324,000,000	393,578,000	385,212,000	292,873,000	344,643,000
long-term debt, net, including 1,255 and zero measured at fair value, respectively										3,733,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,233,573 and 18,528,468 at december 31, 2023 and 2022 respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,025,232 and 2,106,636 at december 31, 2023 and 2022, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 123,704,814 and 125,962,296 at december 31, 2023 and 2022, respectively										1,000,000
trade and other receivables, net of allowance for credit losses of 5 and 4, respectively											220,000,000	183,000,000
current portion of debt, including 2 and 1,373 measured at fair value, respectively											5,000,000	5,000,000	5,000,000
long-term debt, net, including 1,316 and zero measured at fair value, respectively											3,860,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,231,629 and 18,528,468 at september 30, 2023 and december 31, 2022, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,027,232 and 2,106,636 at september 30, 2023 and december 31, 2022, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 125,954,265 and 125,962,296 at september 30, 2023 and december 31, 2022, respectively											1,000,000
long-term debt, net, including 1,233 and zero measured at fair value, respectively												3,729,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,230,229 and 18,528,468 at june 30, 2023 and december 31, 2022, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,028,632 and 2,106,636 at june 30, 2023 and december 31, 2022, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 125,954,241 and 125,962,296 at june 30, 2023 and december 31, 2022, respectively												1,000,000
long-term debt, net, including 1,251 and zero measured at fair value, respectively													3,674,000,000
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													1,000,000
current portion of debt, including 1,373 and 25 measured at fair value, respectively														1,376,000,000
long-term debt, net, including zero and 1,403 measured at fair value, respectively														2,425,000,000
obligations under finance leases and tower obligations, excluding current portion														86,000,000	87,000,000	88,000,000	88,000,000	89,000,000	89,648,000	90,630,000	91,524,000	92,840,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,528,468 and 23,232,342 at december 31, 2022 and 2021 respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,106,636 and 2,544,548 at december 31, 2022 and 2021, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 125,962,296 and 144,854,780 at december 31, 2022 and 2021, respectively														1,000,000
tax sharing receivable															7,000,000	44,000,000	63,000,000	86,000,000	110,836,000	108,602,000	86,260,000	94,549,000
current portion of debt, including zero and 25 measured at fair value, respectively															3,000,000	3,000,000
long-term debt, net, including 1,348 and 1,403 measured at fair value, respectively															3,773,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 18,917,786 and 23,232,342 at september 30, 2022 and december 31, 2021, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,111,376 and 2,544,548 at september 30, 2022 and december 31, 2021, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 128,436,416 and 144,854,780 at september 30, 2022 and december 31, 2021, respectively															1,000,000
long-term debt, net, including 1,342 and 1,403 measured at fair value, respectively																3,770,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 21,633,055 and 23,232,342 at june 30, 2022 and december 31, 2021, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,328,901 and 2,544,548 at june 30, 2022 and december 31, 2021, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 132,311,691 and 144,854,780 at june 30, 2022 and december 31, 2021, respectively																1,000,000
current portion of debt, including 22 and 25 measured at fair value, respectively																	25,000,000
long-term debt, net, including 1,359 and 1,403 measured at fair value, respectively																	3,989,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 22,558,925 and 23,232,342 at march 31, 2022 and december 31, 2021, respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,544,548 and 2,544,548 at march 31, 2022 and december 31, 2021, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 139,860,028 and 144,854,780 at march 31, 2022 and december 31, 2021, respectively																	1,000,000
current portion of debt, including 25 and 26 measured at fair value, respectively																		28,000,000
long-term debt, net, including 1,403 and 1,446 measured at fair value, respectively																		3,733,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 23,232,342 and 26,495,249 at december 31, 2021 and 2020 respectively
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,544,548 and 2,549,470 at december 31, 2021 and 2020, respectively
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 144,854,780 and 167,480,926 at december 31, 2021 and 2020, respectively																		1,000,000
trade and other receivables, net of allowance for doubtful accounts of 2,265 and 10, respectively																			245,562,000
current portion of debt, including 30,105 and 26,350 measured at fair value, respectively																			34,797,000
long-term debt, net, including 1,448,354 and 1,445,775 measured at fair value, respectively																			4,006,855,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 25,785,742 and 26,495,249 at september 30, 2021 and december 31, 2020, respectively																			258,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,544,548 and 2,549,470 at september 30, 2021 and december 31, 2020, respectively																			25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 150,469,139 and 167,480,926 at september 30, 2021 and december 31, 2020, respectively																			1,505,000
trade and other receivables, net of allowance for doubtful accounts of 1,741 and 10, respectively																				233,571,000
current portion of debt, including 27,250 and 26,350 measured at fair value, respectively																				31,939,000
long-term debt, net, including 1,434,549 and 1,445,775 measured at fair value, respectively																				3,710,090,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,498,671 and 26,495,249 at june 30, 2021 and december 31, 2020, respectively																				265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,546,048 and 2,549,470 at june 30, 2021 and december 31, 2020, respectively																				25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 155,067,969 and 167,480,926 at june 30, 2021 and december 31, 2020, respectively																				1,551,000
trade and other receivables, net of allowance for doubtful accounts of 537 and 10, respectively																					201,228,000
current portion of debt, including 24,741 and 26,350 measured at fair value, respectively																					29,425,000
long-term debt, net, including 1,399,600 and 1,445,775 measured at fair value, respectively																					4,557,172,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,495,557 and 26,495,249 at march 31, 2021 and december 31, 2020, respectively																					265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,549,162 and 2,549,470 at march 31, 2021 and december 31, 2020, respectively																					25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 162,652,971 and 167,480,926 at march 31, 2021 and december 31, 2020, respectively																					1,627,000
trade and other receivables, net of allowance for doubtful accounts of 10 and 20, respectively																						349,256,000
current portion of debt, including 26,350 and 0 measured at fair value, respectively																						31,026,000
long-term debt, net, including 1,445,775 and 0 measured at fair value, respectively																						4,785,207,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,495,249 and 26,493,197 at december 31, 2020 and 2019 respectively																						265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,549,470 and 2,451,920 at december 31, 2020 and 2019, respectively																						25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 167,480,926 and 152,956,316 at december 31, 2020 and 2019, respectively																						1,675,000
deferred revenue and other current liabilities																							8,640,000	11,544,000	3,850,000	5,971,000	7,734,000	9,952,000	2,902,000	4,691,000	6,908,000	9,224,000	2,515,000	5,168,000
debt, including 621,000 and 0 measured at fair value, respectively																							1,318,664,000
preferred stock, .01 par value. authorized 50,000,000 shares; no shares issued
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,495,183 shares at september 30, 2020 and 26,493,197 shares at december 31, 2019																							265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,451,119 shares at september 30, 2020 and 2,451,920 shares at december 31, 2019																							25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 150,952,521 shares at september 30, 2020 and 152,956,316 shares at december 31, 2019																							1,510,000
debt																								573,593,000	573,269,000	572,944,000	572,619,000	523,549,000	523,238,000	522,928,000	522,617,000	523,159,000	497,764,000	497,370,000	496,975,000			198,512,000	598,178,000	598,032,000	597,729,000	399,703,000	372,000,000	412,000,000	372,000,000	372,000,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,495,123 shares at june 30, 2020 and 26,493,197 shares at december 31, 2019																								265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,451,119 shares at june 30, 2020 and 2,451,920 shares at december 31, 2019																								25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,983,879 shares at june 30, 2020 and 152,956,316 shares at december 31, 2019																								1,530,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,493,328 shares at march 31, 2020 and 26,493,197 shares at december 31, 2019																									265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,451,828 shares at march 31, 2020 and 2,451,920 shares at december 31, 2019																									25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,981,564 shares at march 31, 2020 and 152,956,316 shares at december 31, 2019																									1,530,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,493,197 and 26,311,681 at december 31, 2019 and 2018, respectively																										265,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,451,920 and 2,454,520 at december 31, 2019 and 2018, respectively																										25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,956,316 and 152,591,939 at december 31, 2019 and 2018, respectively																										1,529,000
derivative instruments																											45,897,000				50,000,000	45,747,000				51,086,000		49,019,000							67,773,000		113,080,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,375,382 shares at september 30, 2019 and 26,311,681 shares at december 31, 2018																											264,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,452,520 shares at september 30, 2019 and 2,454,520 shares at december 31, 2018																											25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,721,350 shares at september 30, 2019 and 152,591,939 shares at december 31, 2018																											1,527,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,370,787 shares at june 30, 2019 and 26,311,681 shares at december 31, 2018																												264,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,454,520 shares at june 30, 2019 and december 31, 2018																												25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,715,703 shares at june 30, 2019 and 152,591,939 shares at december 31, 2018																												1,527,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,338,807 shares at march 31, 2019 and 26,311,681 shares at december 31, 2018																													263,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,454,520 shares at march 31, 2019 and december 31, 2018																													25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,636,809 shares at march 31, 2019 and 152,591,939 shares at december 31, 2018																													1,526,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,311,681 and 26,301,755 at december 31, 2018 and 2017, respectively																														263,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,454,520 and 2,455,179 at december 31, 2018 and 2017, respectively																														25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,591,939 and 152,563,229 at december 31, 2018 and 2017, respectively																														1,526,000
other tangible and intangible assets																															9,779,000	10,289,000	11,179,000	12,073,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,309,358 shares at september 30, 2018 and 26,301,755 shares at december 31, 2017																															263,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,454,943 shares at september 30, 2018 and 2,455,179 shares at december 31, 2017																															25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,588,232 shares at september 30, 2018 and 152,563,229 shares at december 31, 2017																															1,526,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,306,976 shares at june 30, 2018 and 26,301,755 shares at december 31, 2017																																263,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,455,043 shares at june 30, 2018 and december 31, 2017																																25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,586,092 shares at june 30, 2018 and 152,563,229 shares at december 31, 2017																																1,526,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,306,408 shares at march 31, 2018 and 26,301,755 shares at december 31, 2017																																	263,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,455,179 shares at march 31, 2018 and december 31, 2017																																	25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,582,266 shares at march 31, 2018 and 152,563,229 shares at december 31, 2017																																	1,526,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,301,755 and 26,251,533 at december 31, 2017 and 2016, respectively																																		262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,455,179 and 2,467,509 at december 31, 2017 and 2016, respectively																																		25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,563,229 and 153,019,547 at december 31, 2017 and 2016, respectively																																		1,526,000
other assets, at cost, net of accumulated amortization																																			61,000	243,000	1,453,000		1,577,000	1,726,000	1,730,000		570,000	627,000	676,000	725,000	73,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,301,387 shares at september 30, 2017 and 26,251,533 shares at december 31, 2016																																			262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,455,179 shares at september 30, 2017 and 2,467,509 shares at december 31, 2016																																			25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 153,089,705 shares at september 30, 2017 and 153,019,547 shares at december 31, 2016																																			1,531,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,282,832 shares at june 30, 2017 and 26,251,533 shares at december 31, 2016																																				262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 shares at june 30, 2017 and 2,467,509 shares at december 31, 2016																																				25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 153,080,326 shares at june 30, 2017 and 153,019,547 shares at december 31, 2016																																				1,531,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,278,751 shares at march 31, 2017 and 26,251,533 shares at december 31, 2016																																					262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 shares at march 31, 2017 and 2,467,509 shares at december 31, 2016																																					25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 153,070,669 shares at march 31, 2017 and 153,019,547 shares at december 31, 2016																																					1,531,000
trade and other receivables, net of allowance for doubtful accounts of 136 thousand and 138 thousand, respectively																																						878,000
short-term marketable securities																																									77,685,000	9,014,000	9,011,000	9,008,000	9,004,000	9,001,000
investments in available-for-sale securities																																									484,084,000	439,560,000	424,570,000	421,914,000	355,202,000	360,762,000	340,826,000
investments in affiliates, accounted for using the equity method																																						9,315,253,000			2,301,210,000	2,372,699,000	2,432,487,000	2,436,823,000	2,455,859,000	2,498,804,000	2,373,627,000
deferred income tax assets																																									68,021,000	55,368,000	9,868,000	35,848,000	20,592,000	11,282,000	23,922,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,251,533 and 26,163,206 at december 31, 2016 and 2015, respectively																																						262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 and 2,467,547 at december 31, 2016 and 2015, respectively																																						25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 153,019,547 and 74,643,546 at december 31, 2016 and 2015, respectively																																						1,530,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,212,441 shares at september 30, 2016 and 26,163,206 shares at december 31, 2015																																							262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 shares at september 30, 2016 and 2,467,547 shares at december 31, 2015																																							25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,998,895 shares at september 30, 2016 and 74,643,546 shares at december 31, 2015																																							1,530,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,197,516 shares at june 30, 2016 and 26,163,206 shares at december 31, 2015																																								262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 shares at june 30, 2016 and 2,467,547 shares at december 31, 2015																																								25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 152,974,199 shares at june 30, 2016 and 74,643,546 shares at december 31, 2015																																								1,530,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,184,960 shares at march 31, 2016 and 26,163,206 shares at december 31, 2015																																									262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,509 shares at march 31, 2016 and 2,467,547 shares at december 31, 2015																																									25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 74,692,589 shares at march 31, 2016 and 74,643,546 shares at december 31, 2015																																									747,000
trade and other receivables, net of allowance for doubtful accounts of 138 thousand and 45 thousand, respectively																																										2,462,000
restricted cash																																										32,000				4,082,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,163,206 and 26,126,459 at december 31, 2015 and 2014, respectively																																										262,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,547 at december 31, 2015 and 2014																																										25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 74,643,546 and 57,189,897 at december 31, 2015 and 2014, respectively																																										746,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,141,744 shares at september 30, 2015 and 26,126,459 shares at december 31, 2014																																											261,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,547 shares at september 30, 2015 and december 31, 2014																																											25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 74,599,785 shares at september 30, 2015 and 57,189,897 shares at december 31, 2014																																											746,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,139,022 shares at june 30, 2015 and 26,126,459 shares at december 31, 2014																																												261,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,547 shares at june 30, 2015 and december 31, 2014																																												25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 74,593,647 shares at june 30, 2015 and 57,189,897 shares at december 31, 2014																																												746,000
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,130,763 shares at march 31, 2015 and 26,126,459 shares at december 31, 2014																																													261,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,547 shares at march 31, 2015 and 2,467,547 shares at december 31, 2014																																													25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 74,568,442 shares at march 31, 2015 and 57,189,897 shares at december 31, 2014																																													746,000
inventory
note receivable from parent
series a common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 26,126,459 and none at december 31, 2014 and 2013, respectively																																														261,000
series b common stock, .01 par value. authorized 18,750,000 shares; issued and outstanding 2,467,547 and none at december 31, 2014 and 2013, respectively																																														25,000
series c common stock, .01 par value. authorized 500,000,000 shares; issued and outstanding 57,189,897 and none at december 31, 2014 and 2013, respectively																																														572,000
parent’s investment																																															3,156,394,000
note receivable from former parent

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31

cash flows from operating activities:
net earnings	203,000,000	-3,173,000,000	-154,000,000	383,000,000	268,000,000	291,000,000	142,000,000	195,000,000	241,000,000	205,000,000	162,000,000	252,000,000	69,000,000	178,000,000	315,000,000	465,000,000	299,000,000	386,779,000	236,828,000	56,214,000	52,179,000	264,276,000	68,960,000	72,214,000	-7,842,000	91,969,000	27,496,000	12,052,000	-14,301,000	14,804,000	59,639,000	10,580,000	-15,070,000	2,060,953,000	-9,864,000	-2,977,000	-14,445,000	45,601,000	3,789,000	890,154,000	-22,241,000	-28,401,000	-19,295,000	-7,809,000	5,318,000	-46,804,000
adjustments to reconcile net earnings to net cash from operating activities:
(earnings) loss from discontinued operations		-3,000,000
stock-based compensation	1,000,000	1,000,000	-5,000,000	6,000,000	3,000,000	6,000,000	8,000,000	7,000,000	7,000,000	9,000,000	9,000,000	8,000,000	8,000,000	9,000,000	10,000,000	9,000,000	9,000,000	9,984,000	10,581,000	10,565,000	9,870,000	3,398,000	2,002,000	1,933,000	1,801,000	2,841,000	2,531,000	2,523,000	2,616,000	1,509,000	1,397,000	1,396,000	1,405,000	916,000	1,499,000	1,429,000	1,448,000	1,131,000	1,736,000	1,224,000	1,622,000	1,598,000	1,451,000	1,976,000	1,355,000	264,000
share of losses of affiliate	-308,000,000	4,020,000,000	-295,000,000	-345,000,000	-318,000,000	-400,000,000	-346,000,000	-297,000,000	-280,000,000	-263,000,000	-326,000,000	-318,000,000	-248,000,000	-328,000,000	-309,000,000	-386,000,000	-303,000,000	-441,610,000	-314,563,000	-248,848,000	-188,979,000
loss on dilution of investment in affiliate	70,000,000	46,000,000	17,000,000	15,000,000	18,000,000	-8,000,000	8,000,000	4,000,000	28,000,000	18,000,000	10,000,000	5,000,000	27,000,000	-4,000,000	0	11,000,000	56,000,000	3,554,000	1,693,000	14,538,000	82,215,000	42,965,000	35,284,000	46,001,000	59,325,000	10,385,000	11,219,000	16,322,000	41,403,000	8,410,000	3,203,000	5,205,000	26,757,000	-24,643,000	3,718,000	6,659,000	32,138,000	-10,692,000	16,331,000	-778,129,000	1,724,000	5,085,000	851,000	852,000	410,000	25,996,000
realized and unrealized losses on financial instruments	3,000,000	6,000,000	-18,000,000	-76,000,000	37,000,000	40,000,000	144,000,000	17,000,000	-76,000,000	-54,000,000	81,000,000	-40,000,000	114,000,000	28,000,000	-148,000,000	-77,000,000	-137,000,000	-119,555,000	26,839,000	125,064,000	-99,348,000	43,746,000				-1,603,000				0	-5,678,000			1,928,000	-2,675,000	-1,370,000	-981,000	-1,132,000	0	-47,985,000	-45,005,000	-14,710,000	23,116,000	-12,354,000	1,329,000	-27,444,000
deferred income tax expense	13,000,000	-923,000,000	73,000,000	17,000,000	-18,000,000	46,000,000	23,000,000	57,000,000	44,000,000	31,000,000	42,000,000	73,000,000	22,000,000	38,000,000	15,000,000	-5,000,000	6,000,000	-4,387,000	7,355,000	-28,637,000	10,669,000	-83,639,000	24,979,000	24,978,000	-2,774,000	29,466,000	9,124,000	3,924,000	-4,574,000	4,919,000	17,406,000	4,194,000	-4,950,000	435,097,000	-7,338,000	-2,541,000	-8,380,000	27,152,000	1,387,000	544,971,000	-12,732,000	1,442,000	-4,238,000	553,000	-22,721,000	-12,276,000
changes in operating assets and liabilities:
current and other assets	2,000,000	2,000,000	-92,000,000	64,000,000	37,000,000	-1,000,000	-13,000,000	18,000,000	39,000,000	80,000,000	-20,000,000	-34,000,000	-6,000,000	9,000,000	18,000,000	48,000,000	65,000,000	55,965,000	20,628,000	-27,232,000	164,639,000	-14,170,000	316,000	120,000	-192,000	107,000	4,837,000	-6,113,000	349,000	615,000	526,000	-947,000	1,282,000	3,765,000	-1,013,000	-445,000	3,000	1,207,000	-479,000	131,000	8,302,000	-2,142,000	1,278,000	89,228,000	-89,602,000	-1,177,000
payables and other liabilities	13,000,000	58,000,000	-36,000,000	-24,000,000	-1,000,000	-23,000,000	5,000,000			-24,000,000	-3,000,000	-97,000,000	-2,000,000	-30,000,000	-64,000,000	-31,000,000	32,000,000	-4,867,000	3,273,000	-49,102,000	-11,304,000	-24,592,000	-3,894,000	11,004,000	-4,066,000	101,000	-2,076,000	7,436,000	-2,975,000	-2,027,000	-2,477,000	6,615,000	-5,121,000	-1,920,000	-3,782,000	8,008,000	-1,502,000	-166,000	-2,350,000	3,459,000	-3,811,000	-56,118,000	-20,130,000	-43,170,000	75,126,000	-27,607,000
taxes payable	-71,000,000
net cash from operating activities	-74,000,000	-231,000,000	-265,000,000	91,000,000	78,000,000	1,000,000	24,000,000	27,000,000	52,000,000	62,000,000	9,000,000	-96,000,000	41,000,000	4,000,000	-78,000,000	-72,000,000	90,000,000	-132,968,000	24,511,000	-81,507,000	192,964,000																	-6,865,000	2,669,000	-6,884,000	-818,000	-16,337,000	-12,721,000	48,208,000	14,922,000	-19,760,000
cash flows from investing activities:
cash received for charter shares repurchased by charter	190,000,000	300,000,000	300,000,000	300,000,000	300,000,000	109,000,000	110,000,000	35,000,000	81,000,000	352,000,000	0	0	42,000,000	432,000,000	796,000,000	1,204,000,000	602,000,000	1,536,203,000	880,242,000	1,244,150,000	518,405,000
other investing activities	3,000,000	0	-4,000,000	5,000,000	6,000,000	2,000,000	2,000,000	1,000,000	-17,000,000	0	0			2,000,000	0	0	4,000,000	-312,000	15,550,000	1,621,000	141,000													0	8,000			0	12,000	188,000	253,000	-1,847,000
net cash from investing activities	193,000,000	300,000,000	396,000,000	254,000,000	257,000,000	61,000,000	73,000,000	-22,000,000	18,000,000	279,000,000	-48,000,000	-69,000,000	-12,000,000	410,000,000	742,000,000	1,321,000,000	574,000,000	1,493,110,000	854,672,000	1,224,289,000	489,929,000																	-113,000	-107,000	-4,922,142,000	-68,438,000	25,000	-2,266,000	-160,000	-78,000	-55,343,000
cash flows from financing activities:
borrowings of debt	855,000,000	195,000,000	-691,000,000	740,000,000	451,000,000	25,000,000	848,000,000	246,000,000	20,000,000	0	50,000,000	203,000,000	1,248,000,000	25,000,000	0	0	300,000,000	400,316,000	350,000,000			2,125,000,000				0				0	133,000,000			0				0	0	0	200,000,000	27,995,000	0
repayments of debt	-45,000,000																													0				0								0
net cash from financing activities	810,000,000	-51,000,000	-176,000,000	-714,000,000	1,000,000	-7,000,000	-2,000,000	-40,000,000	-132,000,000	-275,000,000	46,000,000	74,000,000	-235,000,000	-248,000,000	-753,000,000	-1,248,000,000	-548,000,000	-1,598,770,000	-669,483,000	-2,100,284,000	-923,463,000																	-46,335,000	169,000	4,400,196,000	199,317,000	28,007,000	-107,888,000	-44,916,000	703,474,000	72,501,000
net cash from discontinued operations:
cash from operating activities		0
cash from investing activities		0
cash from financing activities		0
net cash from discontinued operations
net increase in cash, cash equivalents, restricted cash and restricted cash equivalents	929,000,000	18,000,000	-119,000,000	-369,000,000	336,000,000
cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period	95,000,000	0	0	0	229,000,000
cash, cash equivalents, restricted cash and restricted cash equivalents, end of period	1,024,000,000	18,000,000	-119,000,000	-369,000,000	565,000,000
state indemnification paid to gci liberty
cash released from escrow related to dispositions										0	0
purchase of investments
repurchases of liberty broadband common stock						0	0	0	-89,000,000	-187,000,000	0	0	-40,000,000	-241,000,000	-751,000,000	-1,047,000,000	-843,000,000	-1,361,413,000	-953,557,000	-1,218,619,000	-738,411,000	-310,957,000
indemnification payment to qvc group
distribution from former subsidiary
other financing activities		-1,000,000	15,000,000	-1,000,000	-1,000,000	-29,000,000	0	0	-1,000,000	0	-1,000,000	1,000,000	-3,000,000	-4,000,000	-2,000,000	0	-3,000,000	-9,885,000	827,000	539,000	-2,481,000	-13,255,000	-9,875,000	23,000	3,000	62,000	-985,000	2,502,000	1,653,000	22,000	-1,122,000	47,000	541,000	40,000	-2,798,000	314,000	1,745,000	1,553,000	169,000	196,000	-683,000	12,000	-18,000	32,000	4,164,000
net cash from by discontinued operations		0
repayments of debt, tower obligations and finance leases			500,000,000	-1,453,000,000	-449,000,000	-3,000,000	-850,000,000	-286,000,000	-62,000,000	-69,000,000	-2,000,000	-129,000,000	-1,416,000,000
depreciation and amortization				52,000,000	53,000,000	50,000,000	55,000,000	52,000,000	50,000,000	61,000,000	55,000,000	56,000,000	58,000,000	67,000,000	66,000,000	65,000,000	64,000,000	68,234,000	68,130,000	66,874,000	63,762,000	14,186,000	56,000	492,000	493,000	467,000	471,000	469,000	468,000	470,000	501,000	899,000	909,000	926,000	942,000	949,000	953,000	1,070,000	971,000	978,000	986,000	1,168,000	820,000	856,000	3,244,000	2,460,000
other				-1,000,000	-1,000,000	0	-2,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000	0	-2,000,000	-1,000,000	-585,000	-12,733,000	-943,000	-739,000	-167,000	445,000	189,000	436,000	664,000	440,000	274,000	302,000	655,000	736,000	53,000	394,000	950,000	951,000	42,000	87,000	921,000	330,000	-277,000	59,000	1,125,000	-1,357,000	-622,000	-586,000
capital expenditures	0	0	0	-54,000,000	-65,000,000	-64,000,000	-60,000,000	-62,000,000	-61,000,000	-73,000,000	-52,000,000	-43,000,000	-54,000,000	-49,000,000	-54,000,000	-46,000,000	-32,000,000	-42,781,000	-41,120,000	0	0																	0	0	0	0	0	0	0	0	0
free cash flows	-74,000,000	-231,000,000	-265,000,000	37,000,000	13,000,000	-63,000,000	-36,000,000	-35,000,000	-9,000,000	-11,000,000	-43,000,000	-139,000,000	-13,000,000	-45,000,000	-132,000,000	-118,000,000	58,000,000	-175,749,000	-16,609,000	-81,507,000	192,964,000																	-6,865,000	2,669,000	-6,884,000	-818,000	-16,337,000	-12,721,000	48,208,000	14,922,000	-19,760,000
grant proceeds received for capital expenditures				3,000,000	16,000,000	14,000,000	21,000,000	4,000,000	15,000,000	0	4,000,000
litigation settlement, net of recoveries														38,000,000	19,000,000
loss on dispositions														0	0
cash proceeds from dispositions														0	0
purchases of investments											0
indemnification payment to qurate retail										-19,000,000	-1,000,000	-1,000,000	-24,000,000
net increase in cash, cash equivalents and restricted cash							95,000,000	-35,000,000	-62,000,000	66,000,000	7,000,000	-91,000,000	-206,000,000	166,000,000	-89,000,000	1,000,000	116,000,000	-238,628,000	209,700,000	-957,502,000	-240,570,000
cash, cash equivalents and restricted cash, beginning of period							0	0	176,000,000	0	0	0	400,000,000	0	0	0	206,000,000	-292,000	0	0	1,433,292,000	0	0	0	49,724,000	0	0	0	83,103,000	0	0	0	81,257,000
cash, cash equivalents and restricted cash, end of period							95,000,000	-35,000,000	114,000,000	66,000,000	7,000,000	-91,000,000	194,000,000	166,000,000	-89,000,000	1,000,000	322,000,000	-238,920,000	209,700,000	-957,502,000	1,192,722,000	1,033,024,000	383,106,000	-1,195,000	18,357,000	3,178,000	-20,588,000	-6,044,000	73,178,000	39,835,000	-9,194,000	-25,626,000	78,088,000
litigation settlement																				0	110,000,000
gci liberty, inc. cash acquired in merger
repayments of debt, finance leases and tower obligations														-28,000,000	0	-201,000,000	-2,000,000	-627,788,000	-66,753,000	-1,598,888,000	-182,571,000
exercise of preemptive right to purchase charter shares																						0	0	0	-14,910,000
proceeds from issuances of financial instruments																																										0	0	0	30,158,000	62,218,000
proceeds from settlements of financial instruments																														50,000,000	50,000,000			0	53,762,000	51,921,000	50,000,000
payment to former parent under tax sharing agreement related to net settlement of awards																										-33,628,000
capital expended for property and equipment																					-28,617,000	-1,776,000	-7,000	-20,000	-15,000	-425,000	-25,000	-33,000	-17,000	-6,000	-11,000	-10,000	-14,000	-43,000				-113,000	-119,000	-15,000	-20,000	1,885,000	-2,385,000	-156,000	-75,000	-281,000
share of losses of affiliates																							-188,586,000	-158,128,000	-61,682,000		-61,633,000	-45,400,000	-34,849,000		-84,739,000	-32,911,000	-9,302,000		5,280,000	-11,467,000	-18,922,000		-19,046,000	-621,410,000	70,278,000		3,999,000	18,698,000	43,050,000	31,605,000
net cash provided (used) by operating activities																							-21,114,000	-1,197,000	-14,501,000		-7,158,000	-8,513,000	-11,561,000		-9,486,000	-2,897,000	-3,696,000		-12,282,000	-1,713,000	-9,601,000
net cash provided (used) by investing activities																							-7,000	-20,000	-14,925,000		-25,000	-33,000	-17,000		-11,000	-10,000	-14,000
payments from issuances of financial instruments																															-48,575,000				0
taxes paid in lieu of shares issued for stock-based compensation																							-176,000	-1,000	-1,944,000
net cash provided (used) by financing activities																							404,227,000	22,000	-1,941,000		-13,405,000	2,502,000	1,653,000		303,000	-22,719,000	541,000		-49,036,000	-49,403,000	51,745,000
net increase in cash																							383,106,000	-1,195,000	-31,367,000		-20,588,000	-6,044,000	-9,925,000		-9,194,000	-25,626,000	-3,169,000				42,144,000	-53,313,000	2,731,000	-528,830,000	130,061,000	11,695,000	-122,875,000	3,132,000	718,318,000	-2,602,000
cash payments for stock-based compensation
investments in equity investees
purchases of short term investments and other marketable securities																																						0	0	-77,759,000	-77,685,000
sales of short term investments and other marketable securities																																						0	0	155,444,000	9,014,000
cash received from issuance of series c liberty broadband common stock																																						0	0
impairment of intangible assets
cash received from rights offering																																										0	0	0	697,309,000
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
investment in equity method affiliate																																							0
net decrease in cash																																			-61,328,000
cash and cash equivalents, beginning of period																																			0	0	205,728,000		0	0	655,079,000		0	0	44,809,000
cash and cash equivalents, end of period																																			-61,328,000	-51,119,000	247,872,000		2,731,000	-528,830,000	785,140,000		-122,875,000	3,132,000	763,127,000
cash paid for acquisitions, net of cash acquired																																														0
amounts loaned to former parent
repayments by former parent on loan receivable
contribution from (distribution to) former parent
payments from settlements of financial instruments																																										0	-67,086,000	-84,948,000	-30,158,000	-62,218,000
proceeds from issuance of financial instruments
excess tax benefit from stock-based compensation																																										0	784,000	0	-2,001,000
proceeds from issuances and settlements of financial instruments
investments in equity method affiliates
other non-cash charges (credits)
proceeds from issuances or settlements of financial instruments
amounts loaned to parent
repayments by parent on loan receivable
contribution from (distribution to) parent

Liberty Broadband Corporation(NASDAQ:LBRDK)

Liberty Broadband Corporation
(NASDAQ:LBRDK)