secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001611983-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000007/0001611983-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000007/lbrda-20230217x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-23-000007

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