Liberty Broadband Corporation (LBRDA) 10-Year Financial Performance & Capital Metrics

LBRDA • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

AboutLiberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand. The Charter segment offers subscription-based video services comprising video on demand, high-definition television, and digital video recorder service; local and long-distance calling, voicemail, call waiting, caller ID, call forwarding, and other voice services, as well as international calling services; and Spectrum TV. It also provides internet services, including an in-home Wi-Fi product that provides customers with high-performance wireless routers and managed Wi-Fi services; advanced community Wi-Fi; mobile internet; and a security suite that offers protection against computer viruses and spyware. In addition, this segment offers internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment, and business telephone services; advertising services on cable television networks and digital outlets; and operates regional sports and news networks. Liberty Broadband Corporation was incorporated in 2014 and is based in Englewood, Colorado.Show more

Revenue $1.02B +3.6%
EBITDA $299M -1.3%
Net Income $869M +26.3%
Free Cash Flow -$143M +30.6%
EBITDA Margin 29.43% -4.7%
Net Margin 85.53% +22.0%
ROE 9.23% +17.5%
Interest Coverage 0.47 +33.8%
Debt/Equity 0.39 -7.8%
Net Debt/EBITDA 12.26 +1.4%
CapEx / Revenue 24.31% +7.4%
CapEx Coverage 0.42 +484.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 49.3%
✓Share count reduced 2.7% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗High leverage: 12.8x Debt/EBITDA
✗Weak interest coverage of 0.5x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y30.85%

5Y132.36%

3Y0.94%

TTM-21.24%

Profit (Net Income) CAGR

10Y-

5Y49.28%

3Y5.89%

TTM0.64%

EPS CAGR

10Y-

5Y56.87%

3Y15.66%

TTM0.73%

ROCE

10Y Avg0.08%

5Y Avg-0.01%

3Y Avg0.27%

Latest0.58%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	91.18M	30.59M	13.09M	22.26M	15M	50.71M	988M	975M	981M	1.02B
Revenue Growth %	0.32%	-0.66%	-0.57%	0.7%	-0.33%	2.38%	18.48%	-0.01%	0.01%	0.04%
Cost of Revenue	6.1M	2.8M	10.73M	7.99M	9M	35.67M	282M	253M	245M	257M
Gross Profit+	85.09M	27.79M	2.36M	14.26M	6M	15.04M	706M	722M	736M	759M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.38%	-0.67%	-0.92%	5.05%	-0.58%	1.51%	45.95%	0.02%	0.02%	0.03%
Operating Expenses+	26.13M	48.95M	27.84M	26.28M	35M	74.69M	804M	761M	663M	667M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	65.04M	-17.16M	-21.71M	-9.23M	-27M	-44.43M	169M	223M	303M	299M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	2.92%	-1.26%	-0.27%	0.57%	-1.92%	-0.65%	4.8%	0.32%	0.36%	-0.01%
Depreciation & Amortization+	6.09M	4M	3.77M	2.78M	2M	15.23M	267M	262M	230M	207M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	58.95M	-21.16M	-25.48M	-12.01M	-29M	-59.66M	-98M	-39M	73M	92M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	2.37%	-1.36%	-0.2%	0.53%	-1.41%	-1.06%	-0.64%	0.6%	2.87%	0.26%
Interest Expense+	7.42M	14.96M	19.57M	23.3M	25M	28M	117M	133M	206M	194M
Interest Coverage	7.94x	-1.41x	-1.30x	-0.52x	-1.16x	-2.13x	-0.84x	-0.29x	0.35x	0.47x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Pretax Income+	-70.06M	1.48B	2.45B	91.88M	155M	361.17M	950M	1.53B	888M	1.08B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-19.87M	558.37M	416.93M	21.92M	37.94M	-36.44M	218M	277M	200M	213M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-50.19M	917.3M	2.03B	69.95M	117.22M	397.62M	732M	1.26B	688M	869M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.63%	19.28%	1.22%	-0.97%	0.68%	2.39%	0.84%	0.72%	-0.45%	0.26%
EPS (Diluted)+	-0.49	6.00	11.10	0.38	0.64	2.17	3.93	7.96	4.68	6.08
EPS Growth %	0.68%	13.24%	0.85%	-0.97%	0.68%	2.39%	0.81%	1.03%	-0.41%	0.3%
EPS (Basic)	-0.49	6.03	11.19	0.39	0.65	2.18	3.97	8.01	4.71	6.08
Diluted Shares Outstanding	103M	152.85M	183.15M	182.78M	182.78M	183.25M	186.23M	158M	147M	143M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.57B	9.59B	11.93B	12.1B	12.26B	21.37B	16.97B	15.14B	15.64B	16.69B
Asset Growth %	0.19%	1.69%	0.24%	0.01%	0.01%	0.74%	-0.21%	-0.11%	0.03%	0.07%
PP&E (Net)+	1.25M	710K	0	0	532K	1.1B	1.03B	1.01B	1.05B	1.15B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	678.25M	258.42M	84.05M	84.57M	52.13M	1.85B	459M	660M	430M	423M
Cash & Equivalents	655.08M	205.73M	81.26M	83.1M	49.72M	1.42B	191M	375M	158M	163M
Receivables	1000K	878K	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	32K	49.02M	-1.64M	0	0	0	0	0	0	0
Other Current Assets	11.66M	51.81M	2.8M	1.47M	1.19M	0	0	84M	94M	65M
Long-Term Investments	2.81B	9.32B	11.84B	12B	12.19B	16.18B	13.26B	11.43B	12.12B	13.06B
Goodwill	6.5M	6.5M	0	0	6.5M	746M	762M	755M	755M	755M
Intangible Assets	11.89M	8.6M	12.07M	76.88M	888K	1.26B	1.16B	1.1B	1.05B	1B
Other Assets	267K	775K	49K	9.49M	1.62M	246M	296M	180M	236M	300M
Total Liabilities	417.52M	1.12B	1.44B	1.5B	1.59B	7.86B	6.83B	6.64B	6.62B	6.88B
Total Debt+	399.7M	598.51M	497.37M	522.93M	572.94M	4.91B	3.85B	3.89B	3.82B	3.83B
Net Debt	-255.38M	392.78M	416.11M	439.82M	523.22M	3.49B	3.66B	3.51B	3.66B	3.67B
Long-Term Debt	399.7M	198.51M	497.37M	522.93M	572.94M	4.79B	3.73B	2.42B	3.73B	3.75B
Short-Term Borrowings	0	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	0	93M	89M	86M	83M	72M
Total Current Liabilities+	15.38M	412.12M	10.55M	8.2M	12.14M	612M	582M	1.68B	178M	200M
Accounts Payable	10.49M	7.93M	5.38M	3.5M	0	0	0	0	0	112M
Accrued Expenses	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	2.63M	4.18M	5.17M	4.69M	4.84M	25M	25M	20M	30M	21M
Other Current Liabilities	2.25M	0	0	0	7.3M	556M	529M	279M	145M	64M
Deferred Taxes	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	0	0	4.38M	2.87M	1.75M	350M	392M	352M	343M	353M
Total Equity+	3.15B	8.48B	10.5B	10.6B	10.67B	13.52B	10.14B	8.5B	9.02B	9.81B
Equity Growth %	0.26%	1.69%	0.24%	0.01%	0.01%	0.27%	-0.25%	-0.16%	0.06%	0.09%
Shareholders Equity	3.15B	8.47B	10.49B	10.6B	10.67B	13.5B	10.13B	8.48B	9B	9.79B
Minority Interest	0	10.23M	8.45M	0	0	12M	12M	18M	20M	15M
Common Stock	1.03M	1.82M	1.81M	1.81M	1.82M	2M	1M	1M	1M	1M
Additional Paid-in Capital	3.54B	7.95B	7.91B	7.94B	7.89B	10.32B	6.21B	3.32B	3.11B	3.01B
Retained Earnings	-399.57M	517.74M	2.57B	2.65B	2.77B	3.17B	3.9B	5.16B	5.84B	6.71B
Accumulated OCI	8.9M	7.66M	8.42M	7.78M	8.16M	15M	14M	9M	52M	73M
Return on Assets (ROA)	-0.02%	0.14%	0.19%	0.01%	0.01%	0.02%	0.04%	0.08%	0.04%	0.05%
Return on Equity (ROE)	-0.02%	0.16%	0.21%	0.01%	0.01%	0.03%	0.06%	0.13%	0.08%	0.09%
Debt / Equity	0.13x	0.07x	0.05x	0.05x	0.05x	0.36x	0.38x	0.46x	0.42x	0.39x
Debt / Assets	0.11%	0.06%	0.04%	0.04%	0.05%	0.23%	0.23%	0.26%	0.24%	0.23%
Net Debt / EBITDA	-3.93x	-	-	-	-	-	21.65x	15.75x	12.08x	12.26x
Book Value per Share	30.57	55.5	57.31	57.98	58.36	73.75	54.44	53.8	61.38	68.59

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.29M	-11.9M	-30.03M	-26.26M	-37M	-96M	3M	-56M	16M	104M
Operating CF Growth %	11.94%	-1.34%	-1.52%	0.13%	-0.41%	-1.59%	1.03%	-19.67%	1.29%	5.5%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-50.19M	917.3M	2.03B	69.95M	117M	398M	732M	1.26B	688M	869M
Depreciation & Amortization	6.09M	4M	3.77M	2.78M	2M	15M	267M	262M	230M	207M
Deferred Taxes	-24.96M	560.78M	416.84M	21.57M	38M	-37M	-15M	54M	168M	170M
Other Non-Cash Items	143.5M	-1.51B	-2.49B	-124.73M	-205M	-445M	-1.17B	-1.71B	-998M	-1.21B
Working Capital Changes	-45.53M	6.29M	3.11M	-1.53M	1M	-36M	152M	47M	-106M	43M
Capital Expenditures+	-2.48M	-4.99B	-70K	-41K	-1M	575M	4.06B	3.05B	-222M	-247M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.48M	-4.99B	-56K	-41K	-1M	575M	4.06B	3.05B	150M	130M
Acquisitions	0	-5B	0	0	0	577M	4.19B	3.2B	394M	335M
Purchase of Investments	-18.03M	-155.44M	0	0	0	-14.91M	0	0	-53M	0
Sale of Investments	1000K	1000K	0	0	0	0	0	0	0	0
Other Investing	-1.74M	453K	14K	0	0	14.91M	2M	31M	31M	42M
Cash from Financing+	577.46M	4.55B	-94.38M	28.15M	5M	904M	-5.29B	-2.8B	-390M	-181M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Stock Issued	697.31M	4.4B	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	-597M	-4.27B	-2.88B	-227M	-89M
Other Financing	-147.84M	-46.65M	5.62M	3.15M	-45M	-23M	-11M	-9M	-48M	-30M
Net Change in Cash+	610.27M	-449.35M	-124.47M	1.85M	-33M	1.38B	-1.23B	194M	-224M	53M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	44.81M	655.08M	205.73M	81.26M	83M	50M	1.43B	206M	400M	176M
Cash at End	655.08M	205.73M	81.26M	83.1M	50M	1.43B	206M	400M	176M	229M
Free Cash Flow+	32.81M	-5B	-30.1M	-26.3M	-38M	479M	4.07B	2.99B	-206M	-143M
FCF Growth %	1.16%	-153.47%	0.99%	0.13%	-0.44%	13.61%	7.49%	-0.26%	-1.07%	0.31%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1.78%	15.77%	21.43%	0.66%	1.1%	3.29%	6.19%	13.49%	7.85%	9.23%
EBITDA Margin	71.33%	-56.09%	-165.81%	-41.49%	-180%	-87.62%	17.11%	22.87%	30.89%	29.43%
Net Debt / EBITDA	-3.93x	-	-	-	-	-	21.65x	15.75x	12.08x	12.26x
Interest Coverage	7.94x	-1.41x	-1.30x	-0.52x	-1.16x	-2.13x	-0.84x	-0.29x	0.35x	0.47x
CapEx / Revenue	2.72%	16317.27%	0.53%	0.18%	6.67%	1133.99%	411.13%	312.51%	22.63%	24.31%
Debt / Equity	0.13x	0.07x	0.05x	0.05x	0.05x	0.36x	0.38x	0.46x	0.42x	0.39x
EPS Growth	67.76%	1324.49%	85%	-96.58%	68.42%	239.06%	81.11%	102.54%	-41.21%	29.91%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
GCI Holdings	-	-	-	-	-	-	77M	77M	981M	1.02B
GCI Holdings Growth	-	-	-	-	-	-	-	0.00%	1174.03%	3.57%
Charter	9.75B	29B	41.58B	-	-	-	51.68B	54.02B	54.61B	-
Charter Growth	-	197.34%	43.37%	-	-	-	-	4.53%	1.08%	-
Gci Holdings Revenue	-	-	-	-	-	33.67M	-	-	-	-
Gci Holdings Revenue Growth	-	-	-	-	-	-	-	-	-	-
Skyhook Revenue	-	-	-	-	-	17.04M	-	-	-	-
Skyhook Revenue Growth	-	-	-	-	-	-	-	-	-	-
License And Service	-	-	-	22.26M	14.86M	-	-	-	-	-
License And Service Growth	-	-	-	-	-33.24%	-	-	-	-	-
Skyhook Holding Inc	-	30.59M	13.09M	-	-	-	-	-	-	-
Skyhook Holding Inc Growth	-	-	-57.20%	-	-	-	-	-	-	-
True Position	91.18M	-	-	-	-	-	-	-	-	-
True Position Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	-	-	986M	975M	981M	1.02B
United States Growth	-	-	-	-	-	-	-	-1.12%	0.62%	3.57%
Other countries	-	-	-	-	-	-	2M	-	-	-
Other countries Growth	-	-	-	-	-	-	-	-	-	-
U	87.74M	27.81M	10.31M	19.95M	12.51M	48.53M	-	-	-	-
U Growth	-	-68.31%	-62.90%	93.37%	-37.30%	288.01%	-	-	-	-
Non Us	-	-	-	2.31M	2.35M	2.18M	-	-	-	-
Non Us Growth	-	-	-	-	1.82%	-7.44%	-	-	-	-
X	3.44M	2.78M	2.78M	-	-	-	-	-	-	-
X Growth	-	-19.26%	-0.11%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Liberty Broadband Corporation (LBRDA) has a price-to-earnings (P/E) ratio of 7.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Liberty Broadband Corporation (LBRDA) reported $790.0M in revenue for fiscal year 2024. This represents a 851% increase from $83.1M in 2012.

Liberty Broadband Corporation (LBRDA) grew revenue by 3.6% over the past year. Growth has been modest.

Yes, Liberty Broadband Corporation (LBRDA) is profitable, generating $788.0M in net income for fiscal year 2024 (85.5% net margin).

Dividend & Returns

Liberty Broadband Corporation (LBRDA) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Liberty Broadband Corporation (LBRDA) generated $880.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Liberty Broadband Corporation (LBRDA) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

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Liberty Broadband Corporation (LBRDA) 10-Year Financial Performance & Capital Metrics

LBRDA • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

Revenue $1.02B +3.6%
EBITDA $299M -1.3%
Net Income $869M +26.3%
Free Cash Flow -$143M +30.6%
EBITDA Margin 29.43% -4.7%
Net Margin 85.53% +22.0%
ROE 9.23% +17.5%
Interest Coverage 0.47 +33.8%
Debt/Equity 0.39 -7.8%
Net Debt/EBITDA 12.26 +1.4%
CapEx / Revenue 24.31% +7.4%
CapEx Coverage 0.42 +484.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 49.3%
✓Share count reduced 2.7% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗High leverage: 12.8x Debt/EBITDA
✗Weak interest coverage of 0.5x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y30.85%

5Y132.36%

3Y0.94%

TTM-21.24%

Profit (Net Income) CAGR

10Y-

5Y49.28%

3Y5.89%

TTM0.64%

EPS CAGR

10Y-

5Y56.87%

3Y15.66%

TTM0.73%

ROCE

10Y Avg0.08%

5Y Avg-0.01%

3Y Avg0.27%

Latest0.58%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	91.18M	30.59M	13.09M	22.26M	15M	50.71M	988M	975M	981M	1.02B
Revenue Growth %	0.32%	-0.66%	-0.57%	0.7%	-0.33%	2.38%	18.48%	-0.01%	0.01%	0.04%
Cost of Revenue	6.1M	2.8M	10.73M	7.99M	9M	35.67M	282M	253M	245M	257M
Gross Profit+	85.09M	27.79M	2.36M	14.26M	6M	15.04M	706M	722M	736M	759M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.38%	-0.67%	-0.92%	5.05%	-0.58%	1.51%	45.95%	0.02%	0.02%	0.03%
Operating Expenses+	26.13M	48.95M	27.84M	26.28M	35M	74.69M	804M	761M	663M	667M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	65.04M	-17.16M	-21.71M	-9.23M	-27M	-44.43M	169M	223M	303M	299M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	2.92%	-1.26%	-0.27%	0.57%	-1.92%	-0.65%	4.8%	0.32%	0.36%	-0.01%
Depreciation & Amortization+	6.09M	4M	3.77M	2.78M	2M	15.23M	267M	262M	230M	207M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	58.95M	-21.16M	-25.48M	-12.01M	-29M	-59.66M	-98M	-39M	73M	92M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	2.37%	-1.36%	-0.2%	0.53%	-1.41%	-1.06%	-0.64%	0.6%	2.87%	0.26%
Interest Expense+	7.42M	14.96M	19.57M	23.3M	25M	28M	117M	133M	206M	194M
Interest Coverage	7.94x	-1.41x	-1.30x	-0.52x	-1.16x	-2.13x	-0.84x	-0.29x	0.35x	0.47x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Pretax Income+	-70.06M	1.48B	2.45B	91.88M	155M	361.17M	950M	1.53B	888M	1.08B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-19.87M	558.37M	416.93M	21.92M	37.94M	-36.44M	218M	277M	200M	213M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-50.19M	917.3M	2.03B	69.95M	117.22M	397.62M	732M	1.26B	688M	869M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.63%	19.28%	1.22%	-0.97%	0.68%	2.39%	0.84%	0.72%	-0.45%	0.26%
EPS (Diluted)+	-0.49	6.00	11.10	0.38	0.64	2.17	3.93	7.96	4.68	6.08
EPS Growth %	0.68%	13.24%	0.85%	-0.97%	0.68%	2.39%	0.81%	1.03%	-0.41%	0.3%
EPS (Basic)	-0.49	6.03	11.19	0.39	0.65	2.18	3.97	8.01	4.71	6.08
Diluted Shares Outstanding	103M	152.85M	183.15M	182.78M	182.78M	183.25M	186.23M	158M	147M	143M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.57B	9.59B	11.93B	12.1B	12.26B	21.37B	16.97B	15.14B	15.64B	16.69B
Asset Growth %	0.19%	1.69%	0.24%	0.01%	0.01%	0.74%	-0.21%	-0.11%	0.03%	0.07%
PP&E (Net)+	1.25M	710K	0	0	532K	1.1B	1.03B	1.01B	1.05B	1.15B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	678.25M	258.42M	84.05M	84.57M	52.13M	1.85B	459M	660M	430M	423M
Cash & Equivalents	655.08M	205.73M	81.26M	83.1M	49.72M	1.42B	191M	375M	158M	163M
Receivables	1000K	878K	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	32K	49.02M	-1.64M	0	0	0	0	0	0	0
Other Current Assets	11.66M	51.81M	2.8M	1.47M	1.19M	0	0	84M	94M	65M
Long-Term Investments	2.81B	9.32B	11.84B	12B	12.19B	16.18B	13.26B	11.43B	12.12B	13.06B
Goodwill	6.5M	6.5M	0	0	6.5M	746M	762M	755M	755M	755M
Intangible Assets	11.89M	8.6M	12.07M	76.88M	888K	1.26B	1.16B	1.1B	1.05B	1B
Other Assets	267K	775K	49K	9.49M	1.62M	246M	296M	180M	236M	300M
Total Liabilities	417.52M	1.12B	1.44B	1.5B	1.59B	7.86B	6.83B	6.64B	6.62B	6.88B
Total Debt+	399.7M	598.51M	497.37M	522.93M	572.94M	4.91B	3.85B	3.89B	3.82B	3.83B
Net Debt	-255.38M	392.78M	416.11M	439.82M	523.22M	3.49B	3.66B	3.51B	3.66B	3.67B
Long-Term Debt	399.7M	198.51M	497.37M	522.93M	572.94M	4.79B	3.73B	2.42B	3.73B	3.75B
Short-Term Borrowings	0	1000K	0	0	0	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	0	93M	89M	86M	83M	72M
Total Current Liabilities+	15.38M	412.12M	10.55M	8.2M	12.14M	612M	582M	1.68B	178M	200M
Accounts Payable	10.49M	7.93M	5.38M	3.5M	0	0	0	0	0	112M
Accrued Expenses	0	0	0	0	0	0	0	0	0	0
Deferred Revenue	2.63M	4.18M	5.17M	4.69M	4.84M	25M	25M	20M	30M	21M
Other Current Liabilities	2.25M	0	0	0	7.3M	556M	529M	279M	145M	64M
Deferred Taxes	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	0	0	4.38M	2.87M	1.75M	350M	392M	352M	343M	353M
Total Equity+	3.15B	8.48B	10.5B	10.6B	10.67B	13.52B	10.14B	8.5B	9.02B	9.81B
Equity Growth %	0.26%	1.69%	0.24%	0.01%	0.01%	0.27%	-0.25%	-0.16%	0.06%	0.09%
Shareholders Equity	3.15B	8.47B	10.49B	10.6B	10.67B	13.5B	10.13B	8.48B	9B	9.79B
Minority Interest	0	10.23M	8.45M	0	0	12M	12M	18M	20M	15M
Common Stock	1.03M	1.82M	1.81M	1.81M	1.82M	2M	1M	1M	1M	1M
Additional Paid-in Capital	3.54B	7.95B	7.91B	7.94B	7.89B	10.32B	6.21B	3.32B	3.11B	3.01B
Retained Earnings	-399.57M	517.74M	2.57B	2.65B	2.77B	3.17B	3.9B	5.16B	5.84B	6.71B
Accumulated OCI	8.9M	7.66M	8.42M	7.78M	8.16M	15M	14M	9M	52M	73M
Return on Assets (ROA)	-0.02%	0.14%	0.19%	0.01%	0.01%	0.02%	0.04%	0.08%	0.04%	0.05%
Return on Equity (ROE)	-0.02%	0.16%	0.21%	0.01%	0.01%	0.03%	0.06%	0.13%	0.08%	0.09%
Debt / Equity	0.13x	0.07x	0.05x	0.05x	0.05x	0.36x	0.38x	0.46x	0.42x	0.39x
Debt / Assets	0.11%	0.06%	0.04%	0.04%	0.05%	0.23%	0.23%	0.26%	0.24%	0.23%
Net Debt / EBITDA	-3.93x	-	-	-	-	-	21.65x	15.75x	12.08x	12.26x
Book Value per Share	30.57	55.5	57.31	57.98	58.36	73.75	54.44	53.8	61.38	68.59

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.29M	-11.9M	-30.03M	-26.26M	-37M	-96M	3M	-56M	16M	104M
Operating CF Growth %	11.94%	-1.34%	-1.52%	0.13%	-0.41%	-1.59%	1.03%	-19.67%	1.29%	5.5%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-50.19M	917.3M	2.03B	69.95M	117M	398M	732M	1.26B	688M	869M
Depreciation & Amortization	6.09M	4M	3.77M	2.78M	2M	15M	267M	262M	230M	207M
Deferred Taxes	-24.96M	560.78M	416.84M	21.57M	38M	-37M	-15M	54M	168M	170M
Other Non-Cash Items	143.5M	-1.51B	-2.49B	-124.73M	-205M	-445M	-1.17B	-1.71B	-998M	-1.21B
Working Capital Changes	-45.53M	6.29M	3.11M	-1.53M	1M	-36M	152M	47M	-106M	43M
Capital Expenditures+	-2.48M	-4.99B	-70K	-41K	-1M	575M	4.06B	3.05B	-222M	-247M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.48M	-4.99B	-56K	-41K	-1M	575M	4.06B	3.05B	150M	130M
Acquisitions	0	-5B	0	0	0	577M	4.19B	3.2B	394M	335M
Purchase of Investments	-18.03M	-155.44M	0	0	0	-14.91M	0	0	-53M	0
Sale of Investments	1000K	1000K	0	0	0	0	0	0	0	0
Other Investing	-1.74M	453K	14K	0	0	14.91M	2M	31M	31M	42M
Cash from Financing+	577.46M	4.55B	-94.38M	28.15M	5M	904M	-5.29B	-2.8B	-390M	-181M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Stock Issued	697.31M	4.4B	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	-597M	-4.27B	-2.88B	-227M	-89M
Other Financing	-147.84M	-46.65M	5.62M	3.15M	-45M	-23M	-11M	-9M	-48M	-30M
Net Change in Cash+	610.27M	-449.35M	-124.47M	1.85M	-33M	1.38B	-1.23B	194M	-224M	53M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	44.81M	655.08M	205.73M	81.26M	83M	50M	1.43B	206M	400M	176M
Cash at End	655.08M	205.73M	81.26M	83.1M	50M	1.43B	206M	400M	176M	229M
Free Cash Flow+	32.81M	-5B	-30.1M	-26.3M	-38M	479M	4.07B	2.99B	-206M	-143M
FCF Growth %	1.16%	-153.47%	0.99%	0.13%	-0.44%	13.61%	7.49%	-0.26%	-1.07%	0.31%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-1.78%	15.77%	21.43%	0.66%	1.1%	3.29%	6.19%	13.49%	7.85%	9.23%
EBITDA Margin	71.33%	-56.09%	-165.81%	-41.49%	-180%	-87.62%	17.11%	22.87%	30.89%	29.43%
Net Debt / EBITDA	-3.93x	-	-	-	-	-	21.65x	15.75x	12.08x	12.26x
Interest Coverage	7.94x	-1.41x	-1.30x	-0.52x	-1.16x	-2.13x	-0.84x	-0.29x	0.35x	0.47x
CapEx / Revenue	2.72%	16317.27%	0.53%	0.18%	6.67%	1133.99%	411.13%	312.51%	22.63%	24.31%
Debt / Equity	0.13x	0.07x	0.05x	0.05x	0.05x	0.36x	0.38x	0.46x	0.42x	0.39x
EPS Growth	67.76%	1324.49%	85%	-96.58%	68.42%	239.06%	81.11%	102.54%	-41.21%	29.91%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
GCI Holdings	-	-	-	-	-	-	77M	77M	981M	1.02B
GCI Holdings Growth	-	-	-	-	-	-	-	0.00%	1174.03%	3.57%
Charter	9.75B	29B	41.58B	-	-	-	51.68B	54.02B	54.61B	-
Charter Growth	-	197.34%	43.37%	-	-	-	-	4.53%	1.08%	-
Gci Holdings Revenue	-	-	-	-	-	33.67M	-	-	-	-
Gci Holdings Revenue Growth	-	-	-	-	-	-	-	-	-	-
Skyhook Revenue	-	-	-	-	-	17.04M	-	-	-	-
Skyhook Revenue Growth	-	-	-	-	-	-	-	-	-	-
License And Service	-	-	-	22.26M	14.86M	-	-	-	-	-
License And Service Growth	-	-	-	-	-33.24%	-	-	-	-	-
Skyhook Holding Inc	-	30.59M	13.09M	-	-	-	-	-	-	-
Skyhook Holding Inc Growth	-	-	-57.20%	-	-	-	-	-	-	-
True Position	91.18M	-	-	-	-	-	-	-	-	-
True Position Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	-	-	986M	975M	981M	1.02B
United States Growth	-	-	-	-	-	-	-	-1.12%	0.62%	3.57%
Other countries	-	-	-	-	-	-	2M	-	-	-
Other countries Growth	-	-	-	-	-	-	-	-	-	-
U	87.74M	27.81M	10.31M	19.95M	12.51M	48.53M	-	-	-	-
U Growth	-	-68.31%	-62.90%	93.37%	-37.30%	288.01%	-	-	-	-
Non Us	-	-	-	2.31M	2.35M	2.18M	-	-	-	-
Non Us Growth	-	-	-	-	1.82%	-7.44%	-	-	-	-
X	3.44M	2.78M	2.78M	-	-	-	-	-	-	-
X Growth	-	-19.26%	-0.11%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Liberty Broadband Corporation (LBRDA) has a price-to-earnings (P/E) ratio of 7.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Liberty Broadband Corporation (LBRDA) reported $790.0M in revenue for fiscal year 2024. This represents a 851% increase from $83.1M in 2012.

Liberty Broadband Corporation (LBRDA) grew revenue by 3.6% over the past year. Growth has been modest.

Yes, Liberty Broadband Corporation (LBRDA) is profitable, generating $788.0M in net income for fiscal year 2024 (85.5% net margin).

Dividend & Returns

Liberty Broadband Corporation (LBRDA) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Liberty Broadband Corporation (LBRDA) generated $880.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Liberty Broadband Corporation (LBRDA) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.