secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001611983-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Broadband Q1: GCI revenue +6% to $246M; debt refi with $1.3B debenture issuance
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- GCI revenue rose 6% to $246M, operating income $29M (+38%), Adjusted OIBDA $90M (+3%).
- Issued $1.3B of 3.125% exchangeable debentures due 2053; used proceeds to repurchase $1.4B near-term liabilities.
- Fair value of Charter investment increased to $16.8B at March 31, 2023 from $16.0B at year-end.
- From Feb-Apr 2023, repurchased 137K LBRDA/K shares at avg $92.84 for $13M; $2.0B authorization remains.
- Pantallas: GCI expects 2023 capex ~$185M; indemnity payments of $24M made on LI LLC Charter debentures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000020/0001611983-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000020/lbrda-20230502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-23-000020

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