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LBRDA Liberty Broadband Corp - Series A

Liberty Broadband Corporation operates and owns interests in a broad range of communications businesses. Liberty Broadband's principal assets consist of its interest in Charter Communications and its subsidiaries: Skyhook and GCI. GCI is Alaska's largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

Company profile

Ticker
LBRDA, LBRDK
Exchange
CEO
Gregory Maffei
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Alaska United Fiber System Partnership • BBN, Inc. • Bortek, LLC • Broadband Holdco, LLC • Celebrate Interactive LLC • Communication Capital, LLC • Cycle30, Inc. • Denali Media • Denali Media Holdings, Corp. • GCI Cable, Inc. ...

LBRDA stock data

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Calendar

6 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 235.22M 235.22M 235.22M 235.22M 235.22M 235.22M
Cash burn (monthly) 319.17M (positive/no burn) (positive/no burn) (positive/no burn) 27.17M (positive/no burn)
Cash used (since last report) 1.14B n/a n/a n/a 96.97M n/a
Cash remaining -903.89M n/a n/a n/a 138.25M n/a
Runway (months of cash) -2.8 n/a n/a n/a 5.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Sep 21 Liberty Broadband Corp - Series A Class A Common Stock Sale back to company Dispose D No No 779.87 452,150 352.62M 21,704,296
14 Sep 21 Malone John C Put option (right to sell) Series C Common Stock Buy Acquire P No No 145.9291 400,000 58.37M 400,000
14 Sep 21 Malone John C Call option (obligation to sell) Series C Common Stock Sell Dispose S No No 228.0143 400,000 91.21M 400,000
8 Sep 21 Green Richard R Series C Common Stock Sell Dispose S No No 187.4017 2,714 508.61K 4,133
8 Sep 21 Green Richard R Series C Common Stock Payment of exercise Dispose F No No 187.38 941 176.32K 6,847
8 Sep 21 Green Richard R Series C Common Stock Option exercise Acquire M No No 48.24 3,655 176.32K 7,788
8 Sep 21 Green Richard R Stock Option - LBRDK Series C Common Stock Option exercise Dispose M No No 48.24 3,655 176.32K 0
7 Sep 21 Rosenthaler Albert E Series C Common Stock Gift Dispose G No No 0 300 0 68,659
31 Aug 21 Rosenthaler Albert E Series C Common Stock Sell Dispose S No No 191.4708 9,995 1.91M 68,959
31 Aug 21 Rosenthaler Albert E Series C Common Stock Option exercise Acquire M No No 96.49 9,995 964.42K 78,954

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 604 596 +1.3%
Opened positions 69 54 +27.8%
Closed positions 61 80 -23.8%
Increased positions 186 215 -13.5%
Reduced positions 219 220 -0.5%
13F shares
Current Prev Q Change
Total value 27.89B 25.26B +10.4%
Total shares 163.36M 170.85M -4.4%
Total puts 29.8K 44.5K -33.0%
Total calls 73.22K 106.9K -31.5%
Total put/call ratio 0.4 0.4 -2.2%
Largest owners
Shares Value Change
Vanguard 15.62M $2.7B -7.1%
Eagle Capital Management 9.91M $1.72B -1.0%
BLK Blackrock 9.47M $1.64B -17.8%
PFG Principal Financial Group Inc - Registered Shares 6.27M $1.08B +1.9%
TROW T. Rowe Price 5.37M $933.25M -18.2%
FPR Partners 4.84M $833.24M -0.0%
Aristeia Capital 4.66M $809.45M +22.7%
Massachusetts Financial Services 4.37M $759.21M +9.6%
STT State Street 3.98M $688.32M +5.6%
Soros Fund Management 3.98M $690.91M -5.3%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 9.47M -2.05M -17.8%
Vanguard 15.62M -1.2M -7.1%
TROW T. Rowe Price 5.37M -1.2M -18.2%
JPM JPMorgan Chase & Co. 3.46M +1.18M +51.5%
Stockbridge Partners 2.55M -1.01M -28.4%
UBS UBS Group AG - Registered Shares 1.48M +1.01M +210.2%
Cadian Capital Management 1.32M -909.65K -40.8%
Aristeia Capital 4.66M +861.5K +22.7%
Hudson Bay Capital Management 1.03M -662.68K -39.1%
Massachusetts Financial Services 4.37M +382.9K +9.6%

Financial report summary

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Risks
  • We are a holding company, and we could be unable to obtain cash in amounts sufficient to service our financial obligations or meet our other commitments.
  • Other than cash generated from our participation in Charter’s stock repurchase program, we do not have access to the cash that Charter generates from its operating activities.
  • We rely on Charter to provide us with the financial information that we use in accounting for our ownership interest in Charter as well as information regarding Charter that we include in our public filings.
  • We may become subject to the Investment Company Act of 1940.
  • Our company has overlapping directors and officers with Liberty, Qurate Retail, TripCo and Liberty Media Acquisition Corporation, which may lead to conflicting interests.
  • Certain of our inter-company agreements were negotiated while we were a subsidiary of Liberty.
  • GCI faces competition that may reduce its market share and harm its financial performance.
  • If GCI experiences low or negative rates of subscriber acquisition or high rates of turnover, the Company’s financial performance will be negatively impacted.
  • Charter operates in a very competitive business environment, which affects its ability to attract and retain customers and can adversely affect its business, operations and financial results.
  • Programming costs per video customer are rising at a faster rate than wages or inflation, and Charter may not have the ability to reduce or moderate the growth rates of, or pass on to its customers, its increasing programming costs, which would adversely affect its cash flow and operating margins.
  • Charter’s inability to respond to technological developments and meet customer demand for new products and services could adversely affect its ability to compete effectively.
  • Charter depends on third party service providers, suppliers and licensors; thus, if it is unable to procure the necessary services, equipment, software or licenses on reasonable terms and on a timely basis, its ability to offer services could be impaired, and Charter’s growth, operations, business, financial results and financial condition could be materially adversely affected.
  • Charter’s business may be adversely affected if Charter cannot continue to license or enforce the intellectual property rights on which its business depends.
  • Various events could disrupt or result in unauthorized access to Charter’s networks, information systems or properties and could impair its operating activities and negatively impact Charter’s reputation and financial results.
  • Charter’s exposure to the economic conditions of its current and potential customers, vendors and third parties could adversely affect its cash flow, results of operations and financial condition.
  • For tax purposes, Charter could experience a deemed ownership change in the future that could limit its ability to use its tax loss carryforwards.
  • If Charter is unable to retain key employees, its ability to manage its business could be adversely affected.
  • Charter has a significant amount of debt and expects to incur significant additional debt, including secured debt, in the future, which could adversely affect its financial health and its ability to react to changes in its business.
  • The agreements and instruments governing Charter’s debt contain restrictions and limitations that could significantly affect its ability to operate its business, as well as significantly affect its liquidity.
  • Charter’s business is subject to extensive governmental legislation and regulation, which could adversely affect its business.
  • Changes to existing statutes, rules, regulations, or interpretations thereof, or adoption of new ones, could have an adverse effect on Charter’s business.
  • Tax legislation and administrative initiatives or challenges to Charter’s tax and fee positions could adversely affect its results of operations and financial condition.
  • Charter’s cable system franchises are subject to non-renewal or termination and are non-exclusive. The failure to renew a franchise or the grant of additional franchises in one or more service areas could adversely affect its business.
  • We expect our stock price to continue to be directly affected by the results of operations of Charter and developments in its business.
  • Although our Series B common stock is quoted on the OTC Markets, there is no meaningful trading market for the stock.
  • It may be difficult for a third party to acquire us, even if doing so may be beneficial to our stockholders.
  • Holders of a single series of our common stock may not have any remedies if an action by our directors has an adverse effect on only that series of our common stock.
Content analysis
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H.S. senior Avg
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