WideOpenWest Inc. (WOW) Financial Statements (2024 and earlier)

Company Profile

Business Address 7887 EAST BELLEVIEW AVENUE, SUITE 1000
ENGLEWOOD, CO 80111
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 thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,000193,20012,40021,00013,20069,400
Cash and cash equivalents31,000193,20012,40021,00013,20069,400
Receivables52,10058,10073,20075,60083,80083,600
Capitalized contract cost 15,60014,10015,30010,000 
Other undisclosed current assets22,20016,60013,90012,10015,40012,200
Total current assets:120,900282,000114,800118,700112,400165,200
Noncurrent Assets
Operating lease, right-of-use asset15,00017,20024,90026,500
Property, plant and equipment725,800722,3001,100,3001,073,7001,053,400924,700
Intangible assets, net (including goodwill)226,400226,800410,900411,700412,400389,600
Goodwill225,100225,100408,800408,800408,800384,100
Intangible assets, net (excluding goodwill)1,3001,7002,1002,9003,6005,500
Other noncurrent assets44,20038,30050,60041,50032,2009,700
Other undisclosed noncurrent assets585,100620,100785,500799,500809,200952,400
Total noncurrent assets:1,596,5001,624,7002,372,2002,352,9002,307,2002,276,400
TOTAL ASSETS:1,717,4001,906,7002,487,0002,471,6002,419,6002,441,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities89,800225,10096,00086,40089,80079,600
Interest and dividends payable8004,0002,7004,6003,600
Taxes payable132,7005,8002,4007,40018,900
Employee-related liabilities29,60028,00020,80019,70011,500
Accounts payable46,10050,30043,80047,10042,00033,600
Accrued liabilities43,70011,70014,40013,40016,10012,000
Deferred revenue2,4002,9003,6003,600
Debt17,70017,90037,50030,90024,10024,000
Deferred compensation liability1,9001,9001,7001,7001,5001,600
Derivative instruments and hedges, liabilities   9,40014,7002,600 
Restructuring reserve      200
Deferred revenue and credits43,200
Other undisclosed current liabilities52,90073,10087,70090,100106,10042,800
Total current liabilities:164,700320,900235,900227,400224,100191,400
Noncurrent Liabilities
Long-term debt and lease obligation, including:725,000723,5002,228,5002,259,5002,271,4002,227,200
Capital lease obligations 1,500
Finance lease, liability10,20012,10018,60015,000
Other undisclosed long-term debt and lease obligation714,800697,6002,188,6002,221,1002,271,4002,225,700
Liabilities, other than long-term debt252,600278,100214,300207,80013,000227,400
Deferred revenue and credits800
Deferred revenue  400600600
Deferred tax liabilities, net 220,400
Deferred income tax liabilities225,300257,600200,600192,500
Other liabilities15,70020,10013,10014,70013,0006,200
Operating lease, liability11,60013,80021,30023,400
Other undisclosed noncurrent liabilities  13,40020,70022,800201,400 
Total noncurrent liabilities:977,6001,015,0002,463,5002,490,1002,485,8002,454,600
Total liabilities:1,142,3001,335,9002,699,4002,717,5002,709,9002,646,000
Equity
Equity, attributable to parent575,100570,800(212,400)(245,900)(290,300)(204,400)
Common stock1,0001,0001,000900900900
Treasury stock, value(108,600)(89,200)(80,700)(79,700)(78,100)(4,800)
Additional paid in capital374,700348,500333,800322,800312,700299,900
Accumulated other comprehensive loss   (6,500)(15,500)(6,500) 
Retained earnings (accumulated deficit)308,000310,500(460,000)(474,400)(519,300)(500,400)
Total equity:575,100570,800(212,400)(245,900)(290,300)(204,400)
TOTAL LIABILITIES AND EQUITY:1,717,4001,906,7002,487,0002,471,6002,419,6002,441,600

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues704,900725,7001,148,4001,145,8001,153,8001,188,100
Revenue, net1,188,100
Cost of revenue(491,000)(1,525,300)(772,300)(762,100)(782,800)(802,700)
Cost of goods and services sold(327,000)(376,400)(570,200)(577,500)  
Gross profit:213,900(799,600)376,100383,700371,000385,400
Operating expenses(214,600)804,400(225,000)(207,300)(392,600)(214,700)
Operating income (loss):(700)4,800151,100176,400(21,600)170,700
Nonoperating income16,6009,5001,8003,6001,70040,000
Investment income, nonoperating      38,400
Other nonoperating income16,6009,5001,8003,6001,7001,600
Interest and debt expense(38,700)(96,700)(130,700)(142,100)(132,500)(183,700)
Income (loss) from continuing operations before income taxes:(22,800)(82,400)22,20037,900(152,400)27,000
Income tax expense (benefit)20,30013,800(7,800)(1,500)61,800132,500
Income (loss) from continuing operations:(2,500)(68,600)14,40036,400(90,600)159,500
Income (loss) before gain (loss) on sale of properties:(68,600)14,40036,400(90,600)159,500
Other undisclosed net income  839,100    
Net income (loss) available to common stockholders, diluted:(2,500)770,50014,40036,400(90,600)159,500

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,500)770,50014,40036,400(90,600)159,500
Comprehensive income (loss):(2,500)770,50014,40036,400(90,600)159,500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  6,5009,000(9,000)(6,500) 
Comprehensive income (loss), net of tax, attributable to parent:(2,500)777,00023,40027,400(97,100)159,500

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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