Company: LBRDK
Filing Date: 2025-02-19
Form Type: 425
Source: 0001140361-25-005132
Chunk: 12

Company: Liberty Broadband Corp
Filing Date: 2025-02-19
Form: 425
Chunk 12
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     | 25.2 |
| Capital Expenditures(2) |     |                                 | 12.0 |     |     | 12.2 |     |     | 10.6 |     |     |  8.5 |     |     |  8.3 |     |     |  8.4 |

(1) Adjusted EBITDA is defined as net income attributable to Charter shareholders plus net income attributable to noncontrolling interest, net interest expense, income taxes, depreciation and amortization, stock compensation expense, other income (expenses), net and other operating (income) expenses, net, such as special charges and (gain) loss on sale or retirement of assets. (2) Includes changes in accrued expenses related to capital expenditures. Liberty Broadband Internal Data The following tables present certain financial information of Liberty Broadband prepared by management of Liberty Broadband, which was provided to Charter and approved by Charter for Citi’s use and reliance, and by the Charter special committee for Centerview’s use and reliance, in connection with the combination. Certain Information Relating to Liberty Broadband

| ($ in millions)                    |     | Q4 2024 |     | FY 2025 |     | FY 2026 |     | 1H 2027 |
| Total Corporate Overhead Expenses  |     |     2.0 |     |    22.4 |     |    25.3 |     |    12.9 |
| Corporate Stock-Based Compensation |     |     3.5 |     |    14.0 |     |    14.0 |     |     7.0 |

Certain Information Relating to GCI

| ($ in millions)                   |     |       |
| 2024E Pro Forma Adjusted OIBDA(1) |     |   380 |
| GCI Net Indebtedness              |     | 1,063 |
| GCI Tax Basis                     |     |  -193 |

(1) Adjusted OIBDA is defined as operating income plus depreciation and amortization, stock-based compensation, transaction costs, separately reported litigation settlements, restructuring and impairment charges. 2024E Pro Forma Adjusted OIBDA as shown in the table above is based on the $387 million estimate provided by Liberty Broadband management, including the impact of certain midyear up-sales, and other adjustments made by Charter management. Cautionary Note Regarding Forward