Altice USA, Inc. (ATUS) financial statements (2021 and earlier)

Company profile

Business Address 1 COURT SQUARE WEST
LONG ISLAND CITY, NY 11101
State of Incorp. DE
Fiscal Year End December 31
SIC 4841 - Cable and Other Pay Television Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2781191,952244702175139
Cash and cash equivalents2781191,952244702175139
Restricted cash and investments086500000
Receivables447407391446464447422
Derivative instruments and hedges, assets51      
Other undisclosed current assets200216210237215195182
Total current assets:9771,6072,5549281,381818743
Noncurrent Assets
Operating lease, right-of-use asset241237271280280283290
Property, plant and equipment5,8065,7615,7235,7815,7535,7975,815
Intangible assets, net (including goodwill)24,01024,19024,26024,44224,64324,83525,023
Goodwill8,1618,1618,1428,1428,1428,1398,138
Intangible assets, net (excluding goodwill)15,84916,03016,11716,30016,50116,69616,885
Derivative instruments and hedges528226378253 
Restricted cash and investments2,2511,9871,6741,4771,9321,9361,816
Other noncurrent assets87901071109310293
Total noncurrent assets:32,40032,29332,26032,46932,72732,95633,037
TOTAL ASSETS:33,37733,90034,81433,39634,10833,77433,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7341,6031,7101,5681,6761,2861,378
Accounts payable796838832855800879909
Accrued liabilities544416387355379  
Employee-related liabilities142125109105111129134
Interest and dividends payable252224381253386279335
Deferred revenue110128118126125108142
Debt1,2462261,8591801715046
Due to related parties9669776
Other liabilities     317333
Other undisclosed current liabilities     111615
Total current liabilities:3,0981,9623,6931,8821,9781,8792,519
Noncurrent Liabilities
Long-term debt and lease obligation25,73425,47624,32624,26824,56624,201298
Long-term debt, excluding current maturities25,47725,47624,32624,26824,25023,896 
Finance lease, liability    473521
Operating lease, liability257   269271278
Liabilities, other than long-term debt5,7225,4475,3625,324461623528
Deferred income tax liabilities5,0064,8504,8334,812   
Liability, pension and other postretirement and postemployment benefits31   57  
Other liabilities162230216221148246239
Derivative instruments and hedges, liabilities523367313291256378289
Other undisclosed noncurrent liabilities 2532592674,7154,76327,726
Total noncurrent liabilities:31,45631,17729,94829,85929,74229,58828,552
Total liabilities:34,55433,13933,64131,74031,72031,46731,071
Temporary equity, carrying amount26161566109217175
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,141)7351,1491,5822,2702,0812,526
Treasury stock, value(164)(164)(164)(164)(164)  
Additional paid in capital 4058181,3632,0401,7102,220
Accumulated other comprehensive income (loss)4(9)(12)(13)(3)(26)(14)
Retained earnings (accumulated deficit)(986)496501390391390313
Other undisclosed stockholders' equity attributable to parent5666667
Stockholders' equity attributable to noncontrolling interest(62)1199988
Total stockholders' equity:(1,203)7451,1581,5902,2792,0892,534
TOTAL LIABILITIES AND EQUITY:33,37733,90034,81433,39634,10833,77433,780

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,5352,4342,4752,4502,4752,4392,451
Cost of revenue(925)(1,141)(1,234)(1,191)(979)(1,205)(1,196)
Cost of goods and services sold(831)(784)(861)(865)(848)(821)(819)
Gross profit:1,6101,2931,2411,2591,4951,2341,255
Operating expenses(1,002)(744)(733)(810)(1,068)(762)(773)
Operating income:609549509449427472483
Nonoperating expense(242)(519)(338)(433)(435)(356)(355)
Interest and debt expense (250)(351)(365)(84)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:367(220)(181)(350)(92)115126
Other undisclosed income from continuing operations before income taxes 2503513658411
Income (loss) from continuing operations before income taxes:3673017015(8)115128
Income tax expense (benefit)(31)(33)(59)(17)9(38)(41)
Net income (loss):336(3)111(2)17786
Net income (loss) attributable to noncontrolling interest(6)(2)(0)1(1)(0)(0)
Net income (loss) available to common stockholders, diluted:330(5)111(1)07786

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):336(3)111(2)17786
Other comprehensive income (loss)1231(10)22(11)(6)
Comprehensive income (loss):3491113(11)246680
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(2)(0)1(1)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:343(1)112(11)236680

Statements sources

The financial statements are based on the company's filings with the 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.

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