Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Liberty Broadband Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
30.6
13.1
22.3
15
51
988
975
981
1,016
Research and development
10.2
8.15
5.96
Selling, general and administrative
34.7
24.1
23.5
33
76
442
395
399
432
Operating expenses
2.8
2.58
2.04
Operating income
-21.2
-25.5
-12
-29
-60
-98
-39
-39
-50
-36
Interest expense
15
19.6
23.3
25
28
117
133
206
145
110
Interest income
5.02
1.45
0.88
Other non-operating income
0.34
1.43
0.96
1
3
-6
-70
23
12
-1
Pre-tax income
1,476
2,451
91.9
155
361
950
1,534
823
983
-3,254
Income tax
558
417
21.9
38
-37
218
277
175
187
-923
Income from continuing operations
648
796
-2,331
Net income to minority interests
-0.01
Net income
917
2,034
70
117
398
732
1,257
688
869
-2,676
EBITDA
-17.2
-21.7
-9.24
-27
-45
169
223
191
157
EPS, basic
6.03
11.19
0.39
0.65
2.18
3.97
8.01
4.71
6.08
EPS, diluted
6.00
11.10
0.38
0.64
2.17
3.93
7.96
4.68
6.08
Shares, basic (weighted)
152
182
181
182
182
185
157
146
143
143
Shares, diluted (weighted)
153
183
183
183
183
186
158
147
143
143
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
206
81.3
83.1
50
1,418
191
375
79
89
57
Other current assets
3.67
2.8
1.47
1.19
79.5
62
84
94
65
8
Total current assets
258
84.1
84.6
52.1
1,846
459
660
430
423
103
Property, plant and equipment
0.71
0.53
1,099
1,031
1,011
1,053
1,150
Lease right-of-use assets
99
154
114
105
109
Goodwill
6.5
6.5
7
746
762
755
755
755
Intangible assets
8.6
0.89
675
573
516
461
411
Other non-current assets
1.49
12.1
9.49
1.62
151
296
180
236
135
57
Total assets
9,591
11,932
12,098
12,256
21,373
16,968
15,142
15,641
16,687
8,830
Accounts payable
7.93
5.38
3.5
6.11
98
99
92
86
112
Deferred revenue
2.17
4.3
4.84
25
25
20
30
21
Short-term debt
400
31
28
1,376
3
3
956
Total current liabilities
412
10.5
8.2
12.1
612
582
1,675
178
200
987
Long-term debt
573
4,785
3,733
2,425
3,733
2,687
790
Lease liabilities
61
102
65
56
60
Other non-current liabilities
2.6
4.38
2.87
1.75
147
189
150
141
152
Total liabilities
1,118
1,445
1,500
1,588
7,858
6,829
6,641
6,618
6,879
3,132
Total debt
199
497
523
573
4,816
3,761
3,801
3,736
2,687
1,746
Paid-in capital
7,946
7,908
7,938
7,890
10,320
6,214
3,318
3,107
3,007
1,646
Retained earnings
518
2,569
2,651
2,768
3,166
3,898
5,155
5,843
6,712
4,036
Other comprehensive income
7.66
8.42
7.78
8.16
15
14
9
52
73
15
Shareholders' equity
8,473
10,487
10,599
10,668
13,503
10,127
8,483
9,003
9,793
5,698
Minority interests
12
12
18
20
15
Total equity
8,473
10,487
10,598
10,668
13,515
10,139
8,501
9,023
9,808
5,698
Total liabilities and equity
9,591
11,932
12,098
12,256
21,373
16,968
15,142
15,641
16,687
8,830
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
917
2,034
70
117
398
732
1,257
688
869
-2,676
Depreciation and amortization
4.01
3.77
2.78
2
15
267
262
230
207
Stock-based compensation
5.71
5.29
5.71
10
9
41
37
15
15
5
Deferred income tax
561
417
21.6
38
-37
-15
54
155
180
-851
Cash from operations
-11.9
-30
-26.3
-37
-96
3
-56
16
104
-327
Capital expenditures
-0.27
-0.07
-0.04
-1
-2
-134
-181
-222
-247
Purchases of investments
-155
-53
Sales and maturities of investments
164
4,179
3,034
Cash from investing
-4,991
-0.06
-0.04
-1
575
4,062
3,047
150
130
1,207
Debt issued
200
500
158
50
2,825
1,467
325
1,501
984
695
Debt repaid
-600
-133
-1,610
-1,094
-1,647
Share buybacks
-597
-4,272
-2,882
-227
-89
Cash from financing
4,553
-94.4
28.1
5
904
-5,292
-2,797
-390
-181
-940
Net change in cash
-449
-124
1.85
-33
1,383
-1,227
194
-224
53
-134
Free cash flow
-12.2
-30.1
-26.3
-38
-98
-131
-237
-206
-143
Interest paid
13.8
17.5
21.9
24
24
125
137
155
146
110
Income taxes paid
0.01
0
238
266
46
20
117
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $36.02 on August 19, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-140.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-92.4%
Net income / average total assets.
Return on invested capital (ROIC)
-0.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-407.9%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-414.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-41.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-12.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-15.8%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-47.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-16.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-16.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
0.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-3.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-4.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.09x
Current assets / current liabilities.
Quick ratio
0.05x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.05x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.33x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
21.5%
Total debt / total assets.
Liabilities / assets
34.0%
Total liabilities / total assets.
Net debt
$1.18B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$2.70
Cash from operations / diluted weighted shares.
Book value per share
$26.03
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
1.38x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.38x
Market cap / tangible book value, when positive.
Earnings yield
-101.6%
Net income / market cap (the inverse of P/E).
Was Liberty Broadband Corp profitable in fiscal 2025?
No. It reported a net loss of $2.68B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.