Cable One Inc. (CABO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
210 E. EARLL DRIVE PHOENIX, AZ 85012 |
| 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 190 | 215 | 389 | 575 | 125 | 264 | |||
| Cash and cash equivalents | 190 | 215 | 389 | 575 | 125 | 264 | |||
| Receivables | 94 | 78 | 83 | 81 | 42 | 41 | |||
| Prepaid expense | 11 | 6 | 5 | 4 | 3 | ||||
| Capitalized contract cost | 4 | 3 | |||||||
| Other current assets | 3 | 7 | 9 | 4 | 4 | ||||
| Other undisclosed current assets | 44 | 42 | 15 | 9 | 3 | 10 | |||
| Total current assets: | 342 | 347 | 501 | 673 | 181 | 318 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7 | ✕ | |||||||
| Property, plant and equipment | 1,265 | 1,201 | 848 | ||||||
| Long-term investments and receivables | 838 | 1,014 | 589 | 657 | |||||
| Long-term investments | 838 | 1,014 | 589 | 657 | |||||
| Intangible assets, net (including goodwill) | 3,525 | 3,596 | 3,829 | 1,709 | 1,742 | 1,126 | |||
| Goodwill | 929 | 929 | 968 | 431 | 430 | 172 | |||
| Intangible assets, net (excluding goodwill) | 2,596 | 2,667 | 2,861 | 1,278 | 1,312 | 954 | |||
| Regulated entity, other noncurrent assets | 26 | ||||||||
| Other noncurrent assets | 63 | 75 | 42 | 34 | 27 | 11 | |||
| Other undisclosed noncurrent assets | 1,958 | 1,883 | 1,993 | 150 | |||||
| Total noncurrent assets: | 6,417 | 6,567 | 6,453 | 3,816 | 2,970 | 1,985 | |||
| TOTAL ASSETS: | 6,760 | 6,914 | 6,954 | 4,488 | 3,152 | 2,303 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 157 | 165 | 203 | 174 | 137 | 94 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 5 | 4 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 8 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 21 | |||||
| Accounts payable | 45 | 21 | |||||||
| Accrued liabilities | 66 | 19 | 11 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 45 | 146 | 198 | 170 | 137 | 33 | |||
| Deferred revenue | 27 | 24 | 27 | 21 | 24 | ✕ | |||
| Debt | 19 | 56 | 39 | 26 | 29 | 21 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 19 | ||
| Total current liabilities: | 203 | 244 | 269 | 222 | 190 | 134 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,627 | 3,753 | 3,800 | 2,149 | 1,712 | 1,142 | |||
| Finance lease, liability | 4 | ✕ | |||||||
| Other undisclosed long-term debt and lease obligation | 3,623 | 3,753 | 3,800 | 2,149 | 1,712 | 1,142 | |||
| Liabilities, other than long-term debt | 1,120 | 1,159 | 1,092 | 623 | 409 | 252 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 242 | ||
| Deferred income tax liabilities | 951 | 967 | 854 | 367 | 303 | ✕ | |||
| Other liabilities | 170 | 192 | 157 | 101 | 105 | 10 | |||
| Derivative instruments and hedges, liabilities | 82 | 155 | |||||||
| Total noncurrent liabilities: | 4,747 | 4,912 | 4,892 | 2,771 | 2,121 | 1,394 | |||
| Total liabilities: | 4,950 | 5,156 | 5,161 | 2,993 | 2,310 | 1,528 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,809 | 1,758 | 1,793 | 1,495 | 842 | 775 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (597) | (495) | (136) | (128) | (122) | (114) | |||
| Additional paid in capital | 608 | 578 | 556 | 536 | 51 | 39 | |||
| Accumulated other comprehensive income (loss) | 37 | 50 | (83) | (141) | (68) | (0) | |||
| Retained earnings | 1,762 | 1,624 | 1,457 | 1,228 | 980 | 850 | |||
| Total equity: | 1,809 | 1,758 | 1,793 | 1,495 | 842 | 775 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,760 | 6,914 | 6,954 | 4,488 | 3,152 | 2,303 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,678 | 1,706 | 1,606 | 1,325 | 1,168 | 1,072 | ||
| Cost of revenue | (431) | (462) | (449) | (411) | (382) | (365) | ||
| Gross profit: | 1,247 | 1,244 | 1,156 | 914 | 786 | 707 | ||
| Operating expenses | (720) | (705) | (700) | (445) | (475) | (439) | ||
| Operating income: | 527 | 539 | 457 | 469 | 310 | 268 | ||
| Nonoperating income (expense) | 55 | (26) | (6) | (16) | (5) | 4 | ||
| Investment income, nonoperating | 14 | |||||||
| Other nonoperating income (expense) | 55 | 1 | (6) | (16) | (5) | 4 | ||
| Interest and debt expense | (170) | (138) | (113) | (74) | (72) | (60) | ||
| Income from continuing operations before equity method investments, income taxes: | 411 | 375 | 337 | 379 | 234 | 212 | ||
| Income (loss) from equity method investments | (114) | (15) | 0 | 1 | ||||
| Income from continuing operations before income taxes: | 297 | 360 | 338 | 381 | 234 | 212 | ||
| Income tax expense | (73) | (126) | (46) | (76) | (55) | (47) | ||
| Income from continuing operations: | 225 | 234 | 292 | 304 | 179 | 165 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 292 | 304 | 179 | 165 | |
| Net income available to common stockholders, basic: | 225 | 234 | 292 | 304 | 179 | 165 | ||
| Interest on convertible debt | 6 | 5 | ||||||
| Other undisclosed net income available to common stockholders, diluted | 6 | |||||||
| Net income available to common stockholders, diluted: | 231 | 240 | 297 | 304 | 179 | 165 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 225 | 234 | 292 | 304 | 179 | 165 | ||
| Other comprehensive income (loss) | (13) | 132 | ||||||
| Comprehensive income: | 211 | 366 | 292 | 304 | 179 | 165 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 58 | (73) | (68) | 0 | |||
| Comprehensive income, net of tax, attributable to parent: | 211 | 367 | 350 | 232 | 111 | 165 | ||
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.