Liberty Broadband Q4 2022: GCI revenue $250M (+2%), Adj OIBDA $91M (+14%); repurchased $177M shares

Liberty Broadband Corp

2022-FY EPS reported $7.96 revenue$975,000,000

Charter investment fair value $16.0B at Dec 31, 2022; sold 868k shares to Charter for $291M, maintaining 26% equity.
Repurchased 2.1M LBRDA/K shares for $177M at avg $84.79; $2.0B remaining repurchase authorization.
GCI FY2022 revenue $969M (flat YoY), Adj OIBDA $358M (+1%); Q4 revenue $250M (+2%), Adj OIBDA $91M (+14%).
GCI operating income includes $29M legal accrual for RHC matters; corporate includes $38M accrual for Charter/Liberty Broadband Delaware litigation.
GCI 2023 net capex expected ~$185M; balance sheet: cash $375M, total debt $3.9B, GCI leverage 2.8x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Liberty Broadband Corp reported financial results for year ended December 31, 2022.

Period: year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 17, 2023, Liberty Broadband Corporation (the "Company") issued a press release (the "Earnings Release") setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2022

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

Liberty Broadband Corp filing history →

Source: SEC EDGAR

accession 0001611983-23-000007

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