Company: LBRDK
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001558370-25-001788
Chunk: 8

Company: Liberty Broadband Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 8
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Item 1A. Risk Factors

The risks described below and elsewhere in this annual report are not the only ones that relate to our businesses or our capitalization. The risks described below are considered to be the most material. However, there may be other unknown or unpredictable economic, business, competitive, regulatory or other factors that also could have material adverse effects on our businesses. Past financial performance may not be a reliable indicator of future performance and historical trends should not be used to anticipate results or trends in future periods. If any of the events described below were to occur, our businesses, prospects, financial condition, results of operations and/or cash flows could be materially adversely affected.

Risk Factor Summary

The following is a summary of the material risk factors that could adversely affect our business, financial condition, and results of operations:

Factors Relating to Our Corporate History and Structure 

●As a holding company, 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 or cash loaned to us by Charter pursuant to the Stockholders and Letter Agreement Amendment, 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.

●Our company has overlapping directors and officers with Liberty, QVC Group and Liberty TripAdvisor Holdings, Inc. (“TripCo”), which may lead to conflicting interests.

●Certain of our inter-company agreements were negotiated while we were a subsidiary of Liberty, and hence may not be the result of arms’ length negotiations.

●Our ability to use net operating loss and disallowed business interest carryforwards to reduce future tax payments could be negatively impacted if there is an “ownership change”. 

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Factors Related to Our and Our Subsidiaries’ Indebtedness

●Our company may have future capital needs and may not be able to obtain additional financing, or refinance or renew our existing indebtedness, on acceptable terms. 

●We and our subsidiaries have significant indebtedness.

●The agreements that govern our and our subsidiaries’ current and future indebtedness may contain various affirmative and restrictive covenants that will limit our discretion in the operation of our business.

●Variable rate indebtedness subjects us to interest rate risk.

Factors Relating to GCI

●G