Altice USA, Inc. (ATUS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1 COURT SQUARE WEST LONG ISLAND CITY, NY 11101 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 257 | 302 | 305 | 196 | 278 | 702 | |||
| Cash and cash equivalent | 257 | 302 | 305 | 196 | 278 | 702 | |||
| Restricted cash and investments | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Receivables | 332 | 358 | 367 | 411 | 447 | 464 | |||
| Derivative instruments and hedges, assets | 264 | 51 | |||||||
| Other undisclosed current assets | 142 | 175 | 1,632 | 183 | 200 | 215 | |||
| Total current assets: | 731 | 835 | 2,568 | 790 | 977 | 1,381 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 248 | 256 | 251 | 222 | 241 | 280 | |||
| Property, plant and equipment | 8,415 | 8,118 | 7,501 | 6,340 | 5,806 | 5,753 | |||
| Intangible assets, net (including goodwill) | 22,213 | 22,520 | 23,085 | 23,624 | 24,010 | 24,643 | |||
| Goodwill | 8,041 | 8,045 | 8,209 | 8,206 | 8,161 | 8,142 | |||
| Intangible assets, net (excluding goodwill) | 14,172 | 14,476 | 14,877 | 15,418 | 15,849 | 16,501 | |||
| Derivative instruments and hedges | 5 | 25 | |||||||
| Restricted cash and investments | 2,162 | 2,251 | 1,932 | ||||||
| Other noncurrent assets | 94 | 195 | 260 | 77 | 87 | 93 | |||
| Total noncurrent assets: | 30,970 | 31,089 | 31,097 | 32,425 | 32,400 | 32,727 | |||
| TOTAL ASSETS: | 31,701 | 31,924 | 33,665 | 33,215 | 33,377 | 34,108 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,995 | 1,864 | 1,884 | 1,723 | 1,734 | 1,676 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 245 | 252 | 386 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 125 | 142 | 111 | ||
| Accounts payable | 971 | 937 | 1,214 | 1,023 | 796 | 800 | |||
| Accrued liabilities | 1,024 | 927 | 670 | 330 | 544 | 379 | |||
| Deferred revenue | 74 | 85 | 81 | 95 | 110 | 125 | |||
| Debt | 185 | 359 | 2,075 | 917 | 1,246 | 171 | |||
| Due to related parties | ✕ | ✕ | ✕ | 9 | 7 | ||||
| Total current liabilities: | 2,255 | 2,308 | 4,040 | 2,735 | 3,098 | 1,978 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 24,872 | 24,716 | 24,513 | 25,867 | 25,734 | 24,566 | |||
| Long-term debt, excluding current maturities | 24,872 | 24,716 | 24,513 | 25,629 | 25,477 | 24,250 | |||
| Finance lease, liability | 47 | ||||||||
| Liabilities, other than long-term debt | 5,031 | 5,334 | 5,617 | 5,484 | 5,722 | 461 | |||
| Deferred income tax liabilities | 4,456 | 4,848 | 5,082 | 5,048 | 5,006 | ||||
| Liability, pension and other postretirement and postemployment benefits | 31 | 57 | |||||||
| Other liabilities | 320 | 221 | 275 | 159 | 162 | 148 | |||
| Operating lease, liability | 255 | 265 | 260 | 237 | 257 | 269 | |||
| Derivative instruments and hedges, liabilities | 277 | 523 | 256 | ||||||
| Other undisclosed noncurrent liabilities | 4,715 | ||||||||
| Total noncurrent liabilities: | 29,903 | 30,050 | 30,129 | 31,351 | 31,456 | 29,742 | |||
| Total liabilities: | 32,158 | 32,358 | 34,169 | 34,086 | 34,554 | 31,720 | |||
| Temporary equity, including noncontrolling interest | 26 | 109 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (469) | (422) | (475) | (820) | (1,141) | 2,270 | |||
| Treasury stock, value | (0) | (164) | (164) | ||||||
| Additional paid in capital | 234 | 187 | 183 | 18 | 2,040 | ||||
| Accumulated other comprehensive income (loss) | (4) | (13) | (8) | 6 | 4 | (3) | |||
| Retained earnings (accumulated deficit) | (704) | (601) | (654) | (849) | (986) | 391 | |||
| Other undisclosed equity, attributable to parent | 5 | 5 | 5 | 5 | 5 | 6 | |||
| Equity, attributable to noncontrolling interest | 12 | (12) | (29) | (51) | (62) | 9 | |||
| Total equity: | (457) | (434) | (504) | (871) | (1,203) | 2,279 | |||
| TOTAL LIABILITIES AND EQUITY: | 31,701 | 31,924 | 33,665 | 33,215 | 33,377 | 34,108 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,954 | 9,237 | 9,648 | 10,091 | 9,895 | 9,761 | ||
| Cost of revenue | (3,688) | (3,814) | (3,781) | (4,044) | (4,460) | (4,495) | ||
| Cost of product and service sold | (2,897) | (3,030) | (3,206) | (3,382) | (3,340) | (3,301) | ||
| Gross profit: | 5,266 | 5,423 | 5,867 | 6,047 | 5,434 | 5,266 | ||
| Operating expenses | (3,586) | (3,721) | (4,064) | (3,522) | (3,319) | (3,442) | ||
| Operating income: | 1,680 | 1,702 | 1,803 | 2,525 | 2,115 | 1,824 | ||
| Nonoperating expense | (1,762) | (1,583) | (1,286) | (1,219) | (1,532) | (1,637) | ||
| Investment income, nonoperating | 19 | 213 | (388) | 93 | (76) | (48) | ||
| Interest and debt expense | (15) | (15) | (11) | (52) | (250) | (244) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (98) | 104 | 505 | 1,254 | 333 | (57) | ||
| Other undisclosed income from continuing operations before income taxes | 15 | 15 | 11 | 52 | 250 | 244 | ||
| Income (loss) from continuing operations before income taxes: | (82) | 119 | 517 | 1,306 | 583 | 187 | ||
| Income tax expense (benefit) | 4 | (40) | (296) | (295) | (140) | (47) | ||
| Income (loss) from continuing operations: | (78) | 79 | 221 | 1,011 | 443 | 140 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,011 | 443 | 140 | |
| Net income (loss): | (78) | 79 | 221 | 1,011 | 443 | 140 | ||
| Net loss attributable to noncontrolling interest | (25) | (26) | (26) | (21) | (7) | (1) | ||
| Net income (loss) available to common stockholders, diluted: | (103) | 53 | 195 | 990 | 436 | 139 | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (78) | 79 | 221 | 1,011 | 443 | 140 | ||
| Other comprehensive income (loss) | 9 | (5) | (15) | 3 | 7 | 9 | ||
| Comprehensive income (loss): | (69) | 74 | 206 | 1,014 | 450 | 148 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (25) | (26) | (26) | (21) | (7) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (94) | 49 | 180 | 993 | 443 | 147 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.