secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001611983-23-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Broadband Q2 2023: GCI revenue up 3% to $245M, operating income improves to $32M
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- GCI revenue $245M (+3% YoY); operating income $32M vs $10M; Adjusted OIBDA $92M (+2%).
- Fair value of Charter investment $17.3B; no Charter shares sold May–July as diluted stake <26%.
- GCI consumer data +4%, business data +9%; cable modem subs 159,600 (+3%), wireless lines 201,100 (+4%).
- Total debt $3.83B, up $74M on Charter margin loan; margin loan amended to May 2026 at SOFR+1.875%.
- GCI received $25M dividend post-quarter ($65M YTD); full-year capex expected ~$185M for rural network expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000042/0001611983-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000042/lbrda-20230804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-23-000042

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