Liberty Broadband Corp-A 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF1934 ☐ For the transition period fromtoCommission File Number001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports) and (2)has been subject to such filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,""accelerated filer," "smaller reporting company" and “emerging growth company” in Rule12b-2 of the Exchange Act. Large Accelerated Filer☒AcceleratedFiler☐Non-acceleratedFiler☐SmallerReportingCompany☐Emerging GrowthCompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company as defined in Rule12b-2 of the ExchangeAct.Yes☐No☒ The number of outstanding shares of Liberty Broadband Corporation’s common stock as of March 31, 2026 was: Liberty Broadband Corporation commonstock Table of Contents PartI - Financial Information PageNo Item1. Financial StatementsLIBERTY BROADBAND CORPORATION Condensed Consolidated Balance Sheets (unaudited)I-2LIBERTY BROADBAND CORPORATION Condensed Consolidated Statements of Operations(unaudited)I-3LIBERTY BROADBAND CORPORATION Condensed Consolidated Statements of ComprehensiveEarnings (Loss) (unaudited)I-4LIBERTY BROADBAND CORPORATION Condensed Consolidated Statements of Cash Flows(unaudited)I-5LIBERTY BROADBAND CORPORATION Condensed Consolidated Statements of Equity (unaudited)I-7LIBERTY BROADBAND CORPORATION Notes to Condensed Consolidated Financial Statements(unaudited)I-8Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsI-21Item 3. Quantitative and Qualitative Disclosures about Market RiskI-29Item4. Controls and ProceduresI-30PartII - Other InformationItem1. Legal ProceedingsII-1Item2. Unregistered Sales of Equity Securities and Use of ProceedsII-1Item 5. Other InformationII-1Item6. ExhibitsII-1SIGNATURESII-2 LIBERTY BROADBAND CORPORATIONCondensed Consolidated Balance Sheets(unaudited) LIBERTY BROADBAND CORPORATIONCondensed Consolidated Statements of Operations(unaudited) ThreemonthsendedMarch 31,20262025amountsin millions,except per share amountsOperating costs and expenses:General and administrative, including stock-based compensation$513Operating income (loss)(5)(13)Other income (expense):Interest expense(24)(30)Share of earnings (losses) of affiliate (note5)308318Gain (loss) on dilution of investment in affiliate (note5)(70)(18)Realized and unrealized gains (losses) on financial instruments, net (note4)(3)(37)Other, net1(3)Earnings (loss) before income taxes207217Income tax benefit (expense)(4)17Net earnings (loss) from continuing operations203234Net earnings (loss) from discontinued operations—34Net earnings (loss)$203268Basic net earnings (loss) from continuing operations attributable to SeriesA,SeriesB and Series C Liberty Broadband shareholders per common share(note3)$1.421.64Basic net earnings (loss) from discontinued operations attributable to SeriesA,SeriesB and Series C Liberty Broadband shareholders per common share(note3)$NA0.24Diluted net earnings (loss) from continuing operations attributable to SeriesA,SeriesB and Series C Liberty Broadband shareholders per common share(note3)$1.411.64Diluted net earnings (loss) from discontinued operations attributable toSeriesA, SeriesB and Series C Liberty Broadband shareholders per commonshare (note3)$NA0.24 LIBERTY BROADBAND CORPORATIONCondensed Consolidated Statements of Comprehensive Earnings (Loss)(unaudited) ThreemonthsendedMarch 31,20262025amountsinmillionsNet earnings (loss)$203268Other comprehensive earnings (loss), net of taxes:Credit risk on fair value debt instruments gains (loss)1(13)Other comprehensive earnings (loss) from continuing operations1(13)Other comprehensive earnings (loss) from discontinued operations——Comprehensive earnings (loss)$204