secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001611983-24-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Broadband Q1: Charter investment fair value drops to $13.4B; GCI revenue flat, operating income up 28%
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- Fair value of Charter investment fell from $18.0B to $13.4B as of March 31, 2024.
- GCI revenue flat at $245M; operating income up 28% to $37M; Adjusted OIBDA flat at $90M.
- Liberty Broadband repurchased 103K LBRDK shares at avg $79.88 for $8.2M from Feb-Apr 2024.
- No Charter shares sold to Charter during period as fully diluted equity interest remained below 26%.
- Total debt decreased $41M to $3.77B; GCI leverage at 2.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198324000014/0001611983-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198324000014/lbrda-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-24-000014

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