Liberty Capital Corp/NV GLIBK
GCI Liberty, Inc. ("GCI Liberty," the "Company," "we," "us" or "our") consists of 100% of the outstanding equity interests in GCI, LLC, GCI Holdings, LLC ("GCI Holdings" or "GCI") and their subsidiaries (collectively, the "GCI Business"), and was formerly owned by Liberty Broadband, prior to the Separation (defined below).
GCI Liberty was formed in Nevada in December 2024 for the purpose of ultimately holding the GCI Business. On July 14, 2025, Liberty Broadband and its subsidiaries completed an internal reorganization in order for Liberty Broadband to transfer the GCI Business to GCI Liberty in exchange for GCI Liberty stock, including 10,000 shares of GCI Liberty non-voting preferred stock, and the assumption of liabilities related to the GCI Business by GCI Liberty. The internal reorganization resulted in GCI Liberty owning, directly or indirectly, GCI, LLC and the operations comprising, and the entities that conduct, the GCI Business. Following the internal reorganization, Liberty Broadband sold all of the non-voting preferred stock (the "Preferred Stock Sale") to third parties. The non-voting preferred stock is issued by GCI Liberty and has a 12% dividend rate and a $1,000 per share liquidation price plus accrued and unpaid dividends. The mandatory redemption date is July 14, 2032. Following the Preferred Stock Sale, GCI Liberty effected a reclassification of GCI Liberty's existing common stock into a sufficient number of shares of Series A GCI Group common stock ("GLIBA"), Series B GCI Group common stock ("GLIBB") and Series C GCI Group common stock ("GLIBK") to complete the divestiture of GCI Liberty pursuant to the distribution (the "Distribution") by Liberty Broadband to the holders of record of Liberty Broadband common stock, as of the record date for the Distribution, of all the shares of GCI Group common stock held by Liberty Broadband immediately prior to the Distribution. The internal reorganization, the Preferred Stock Sale, the reclassification and the Distribution are collectively referred to as the "Separation."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $1.05B | $1.02B | — |
| Total operating expenses | $1.39B | $876.0M | — |
| Operating income | -$347.0M | $140.0M | — |
| Interest expense | $45.0M | $49.0M | — |
| Pre-tax income | -$386.0M | $97.0M | — |
| Income tax | $77.0M | $27.0M | — |
| Net income | -$309.0M | $70.0M | — |
| EPS, basic | -9.97 | 2.26 | — |
| EPS, diluted | -9.97 | 2.26 | — |
| Shares, diluted (wtd. avg.) | 31.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $416.0M | $74.0M | — |
| Total current assets | $615.0M | $319.0M | — |
| Property, plant and equipment | $1.26B | $1.15B | — |
| Goodwill | $638.0M | $746.0M | $746.0M |
| Other intangibles | $372.0M | $411.0M | — |
| Total assets | $3.23B | $3.38B | — |
| Accounts payable | $123.0M | $110.0M | — |
| Short-term debt | $4.0M | $3.0M | — |
| Total current liabilities | $196.0M | $192.0M | — |
| Long-term debt | $979.0M | $1.07B | — |
| Total liabilities | $1.53B | $1.95B | — |
| Retained earnings | -$672.0M | -$363.0M | — |
| Total equity | $1.69B | $1.41B | $1.48B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $370.0M | $278.0M | — |
| Depreciation and amortisation | $212.0M | $207.0M | — |
| Stock-based compensation | $13.0M | $13.0M | — |
| Capital expenditure | $248.0M | $247.0M | — |
| Investing cash flow | -$218.0M | -$193.0M | — |
| Financing cash flow | $202.0M | -$107.0M | — |
| Dividends paid | $0 | $150.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-013442.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $1.02B | $1.05B |
| Gross profit | — | — | — |
| Net income | — | $70.0M | -$309.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4841
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CMCSA | COMCAST CORP | $80.87B | 4.2x | -0.0% |
| WBD | Warner Bros. Discovery, Inc. | $77.71B | 106.7x | -5.1% |
| ROKU | ROKU, INC | $23.47B | 268.8x | 15.2% |
| CHTR | CHARTER COMMUNICATIONS, INC. /MO/ | $13.05B | 3.0x | -5.5% |
| LBTYA | Liberty Global Ltd. | $2.67B | — | 12.4% |
| ADEA | Adeia Inc. | $2.34B | 21.4x | 17.9% |
| LILAK | Liberty Latin America Ltd. | $1.61B | — | -0.1% |
| AMCX | AMC Global Media Inc. | $394.9M | 5.5x | -4.5% |