Charter Communications Inc. (CHTR) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 ATLANTIC STREET
STAMFORD, CT 06901
State of Incorp.
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)

6/30/2024
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 investments7096456019983,483551
Cash and cash equivalents7096456019983,483551
Receivables2,9652,9212,5792,2012,2271,733
Other undisclosed current assets458451386707761446
Total current assets:4,1324,0173,5663,9066,4712,730
Noncurrent Assets
Operating lease, right-of-use asset     1,092
Property, plant and equipment39,52036,03934,31034,35734,59135,126
Intangible assets, net (including goodwill)97,06496,92696,90896,87696,87696,873
Goodwill29,66829,56329,56229,55429,55429,554
Intangible assets, net (excluding goodwill)67,39667,36367,34667,32267,32267,319
Restricted cash and investments    366214
Other noncurrent assets4,7324,7693,6473,4491,6391,622
Other undisclosed noncurrent assets1,7452,7724,0605,6157,4539,565
Total noncurrent assets:143,061140,506138,925140,300141,717143,400
TOTAL ASSETS:147,193144,523142,491144,206148,188146,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11,21410,5559,4618,8678,6718,805
Interest and dividends payable1,0991,0831,0521,045
Employee-related liabilities1,3041,3741,0281,052
Accounts payable931952724763786758
Accrued liabilities5,4133,9191,205792867990
Other undisclosed accounts payable and accrued liabilities4,8705,6845,1294,8554,9384,960
Debt 2,0001,5102,9971,0083,7143,290
Total current liabilities:13,21412,06512,4589,87512,38512,095
Noncurrent Liabilities
Long-term debt and lease obligation95,77796,09388,56481,74476,61569,537
Long-term debt, excluding current maturities95,77796,09388,56481,74475,57869,537
Finance lease, liability     58
Liabilities, other than long-term debt23,48423,81623,31322,3062,8842,932
Deferred income tax liabilities18,95419,05819,09618,108 
Liability, pension and other postretirement and postemployment benefits     16095
Other liabilities4,5304,7584,2174,1982,7242,837
Operating lease, liability     979
Other undisclosed noncurrent liabilities    17,49317,294
Total noncurrent liabilities:119,261119,909111,877104,05096,99289,763
Total liabilities:132,475131,974124,335113,925109,377101,858
Equity
Equity, attributable to parent11,0869,11914,05023,80531,44536,285
Treasury stock, value      
Additional paid in capital23,34623,94026,72529,00031,40533,507
Accumulated other comprehensive loss      (2)
Retained earnings (accumulated deficit)(12,260)(14,821)(12,675)(5,195)402,780
Equity, attributable to noncontrolling interest3,6323,4304,1066,4767,3667,987
Total equity:14,71812,54918,15630,28138,81144,272
TOTAL LIABILITIES AND EQUITY:147,193144,523142,491144,206148,188146,130

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues54,60754,02251,68248,09745,76443,634
Cost of revenue(8,643)(9,184)(9,674)(9,762)(10,029)(10,553)
Gross profit:45,96444,83842,00838,33535,73533,081
Operating expenses(33,405)(32,876)(31,482)(29,930)(29,224)(27,860)
Other operating income (expense), net53(281)(329)(58)(103)(235)
Other nonrecurring (income) expense(198)(273)(249)(90)(51)(53)
Other undisclosed operating income (loss)(53)28132958103235
Operating income:12,55911,96210,5268,4056,5115,221
Nonoperating income (expense)(517)56(101)(4,103)(4,080)(3,535)
Investment income, nonoperating45(95)(86)(15)(54)(110)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(216)254305(66)(69)192
Interest and debt expense(3)(3)(144)(143)(5) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:12,03912,01510,2814,1592,4261,686
Other undisclosed income (loss) from continuing operations before income taxes(5,185)(4,553)(3,893)1435 
Income from continuing operations before income taxes:6,8547,4626,3884,3022,4311,686
Income tax expense(1,593)(1,613)(1,068)(626)(439)(180)
Income from continuing operations:5,2615,8495,3203,6761,9921,506
Income before gain (loss) on sale of properties:5,3203,6761,9921,506
Net income:5,2615,8495,3203,6761,9921,506
Net loss attributable to noncontrolling interest(704)(794)(666)(454)(324)(276)
Net income available to common stockholders, basic:4,5575,0554,6543,2221,6681,230
Dilutive securities, effect on basic earnings per share   70   
Net income available to common stockholders, diluted:4,5575,0554,7243,2221,6681,230

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:5,2615,8495,3203,6761,9921,506
Other comprehensive income (loss)     2(1)
Comprehensive income:5,2615,8495,3203,6761,9941,505
Comprehensive loss, net of tax, attributable to noncontrolling interest(704)(794)(666)(454)(324)(276)
Comprehensive income, net of tax, attributable to parent:4,5575,0554,6543,2221,6701,229

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.

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