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Liberty Broadband Corp - Series A (LBRDA)

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

Calendar

5 Aug 22
13 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 323M 323M 323M 323M 323M 323M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 24M 7.5M
Cash used (since last report) n/a n/a n/a n/a 35.26M 11.02M
Cash remaining n/a n/a n/a n/a 287.74M 311.98M
Runway (months of cash) n/a n/a n/a n/a 12.0 41.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 22 Malone John C Series C Common Stock Grant Acquire A No No 0 211,255 0 5,075,646
19 Jul 22 Malone John C Series B Common Stock Sale back to company Dispose D No No 0 211,255 0 1,729,471
18 Jul 22 Liberty Broadband Corp - Series A Class A Common Stock Sale back to company Dispose D Yes No 463.26 783,807 363.11M 30,322,926
15 Jun 22 Liberty Broadband Corp - Series A Class A Common Stock Sale back to company Dispose D Yes No 464.32 685,270 318.18M 31,106,733
14 Jun 22 Malone John C Series A Cumulative Redeemable Preferred Stock Sell Dispose S No No 25.872 10 258.72 0
13 Jun 22 Malone John C Series C Common Stock Grant Acquire A No No 0 215,647 0 4,864,391
13 Jun 22 Malone John C Series B Common Stock Sale back to company Dispose D No No 0 215,647 0 1,940,726
16 May 22 Liberty Broadband Corp - Series A Class A Common Stock Sale back to company Dispose D Yes No 556.85 708,454 394.5M 31,792,003
13F holders Current Prev Q Change
Total holders 607 600 +1.2%
Opened positions 82 86 -4.7%
Closed positions 75 59 +27.1%
Increased positions 306 169 +81.1%
Reduced positions 136 215 -36.7%
13F shares Current Prev Q Change
Total value 22.76B 21.49B +5.9%
Total shares 148.01M 135.36M +9.3%
Total puts 7.9K 269.87K -97.1%
Total calls 35.7K 61.1K -41.6%
Total put/call ratio 0.2 4.4 -95.0%
Largest owners Shares Value Change
Vanguard 14.49M $1.95B +14.5%
BLK Blackrock 10.23M $1.38B +13.0%
Eagle Capital Management 9.11M $1.23B +6.5%
Aristeia Capital 6.85M $926.58M +14.1%
PFG Principal Financial Group Inc - Registered Shares 6.42M $865.1M +19.8%
Massachusetts Financial Services 5.73M $775.19M -4.6%
FPR Partners 4.32M $579.36M +41.7%
STT State Street 3.74M $503.11M +15.8%
Ruane, Cunniff & Goldfarb 3.53M $473.96M +30.1%
JPM JPMorgan Chase & Co. 3.38M $457.82M +7.1%
Largest transactions Shares Bought/sold Change
Vanguard 14.49M +1.84M +14.5%
FMR 1.88M +1.61M +599.7%
FPR Partners 4.32M +1.27M +41.7%
BLK Blackrock 10.23M +1.17M +13.0%
PFG Principal Financial Group Inc - Registered Shares 6.42M +1.06M +19.8%
Norges Bank 0 -1.03M EXIT
Aristeia Capital 6.85M +848.48K +14.1%
Jackson Square Partners 944.34K -819.25K -46.5%
Ruane, Cunniff & Goldfarb 3.53M +816.31K +30.1%
BAC Bank Of America 2.86M +710.18K +33.0%

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 customer losses, 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.
  • 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.
  • Programming costs per video customer are rising at a fast rate, 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’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.
  • 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, or participation in new regulatory programs, 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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
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