Company: LBRDK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001558370-25-006696
Chunk: 10

Company: Liberty Broadband Corp
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 3
Chunk 10
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Item 3. Quantitative and Qualitative Disclosures about Market Risk

We are exposed to market risk in the normal course of business due to our ongoing investing and financial activities. Market risk refers to the risk of loss arising from adverse changes in stock prices and interest rates. The risk of loss can be assessed from the perspective of adverse changes in fair values, cash flows and future earnings. We have established policies, procedures and internal processes governing our management of market risks and the use of financial instruments to manage our exposure to such risks.

We are exposed to changes in interest rates primarily as a result of our borrowing and investment activities, which could include investments in fixed and floating rate debt instruments and borrowings used to maintain liquidity and to fund business operations. The nature and amount of our long-term and short-term debt are expected to vary as a result of future requirements, market conditions and other factors. We manage our exposure to interest rates by maintaining what we believe is an appropriate mix of fixed and variable rate debt. We believe this best protects us from interest rate risk. We could achieve this mix by (i) issuing fixed rate debt that we believe has a low stated interest rate and significant term to maturity, and (ii) issuing variable rate debt with appropriate maturities and interest rates.

As of March 31, 2025, our debt is comprised of the following amounts:

​​​​​​​​​​​​​​​Variable rate debt​​Fixed rate debt ​​Principal    Weighted avg    ​Principal    Weighted avg ​​amount​interest rate​​amount​interest rate ​​dollar amounts in millions GCI Holdings​$458 ​6.2 %​$600 ​4.8 %Corporate and other​$790 ​6.2 %​$1,825 ​3.1 %

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Our investment in Charter (our equity method affiliate) is publicly traded and not reflected at fair value in our balance sheet. Our investment in Charter is also subject to market risk that is not directly reflected in our financial statements.