Altice USA, Inc. (ATUS) Financial Statements (2024 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)

9/30/2023
MRQ
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 investments305196278702299273
Cash and cash equivalents305196278702299273
Restricted cash and investments000000
Receivables367411447464466392
Derivative instruments and hedges, assets 264 51 253
Other undisclosed current assets1,632183200215136135
Total current assets:2,5687909771,381903854
Noncurrent Assets
Operating lease, right-of-use asset251222241280
Property, plant and equipment7,5016,3405,8065,7535,8296,064
Long-term investments and receivables      1
Long-term investments      1
Intangible assets, net (including goodwill)23,08523,62424,01024,64325,22526,083
Goodwill8,2098,2068,1618,1428,0127,997
Intangible assets, net (excluding goodwill)14,87715,41815,84916,50117,21318,087
Derivative instruments and hedges   525109 
Restricted cash and investments  2,1622,2511,9321,4631,720
Other noncurrent assets2607787938453
Total noncurrent assets:31,09732,42532,40032,72732,71133,922
TOTAL ASSETS:33,66533,21533,37734,10833,61434,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8841,7231,7341,6761,6961,729
Interest and dividends payable245252386386397
Employee-related liabilities125142111140133
Accounts payable1,2141,023796800858790
Accrued liabilities670330544379313409
Deferred revenue8195110125
Debt2,0759171,246171159593
Derivative instruments and hedges, liabilities     053
Deferred revenue and credits104
Due to related parties  972614
Contract with customer, liability140
Other undisclosed current liabilities      
Total current liabilities:4,0402,7353,0981,9782,0212,493
Noncurrent Liabilities
Long-term debt and lease obligation24,51325,86725,73424,5667,29421,348
Long-term debt, excluding current maturities24,51325,62925,47724,2507,27521,336
Capital lease obligations1912
Finance lease, liability    47
Liabilities, other than long-term debt5,6175,4845,7224615,128428
Deferred tax liabilities, net4,724 
Deferred income tax liabilities5,0825,0485,006 
Liability, pension and other postretirement and postemployment benefits   315797103
Other liabilities275159162148175138
Operating lease, liability260237257269
Derivative instruments and hedges, liabilities  277523256133187
Other undisclosed noncurrent liabilities    4,71515,3604,779
Total noncurrent liabilities:30,12931,35131,45629,74227,78226,555
Total liabilities:34,16934,08634,55431,72029,80429,048
Temporary equity, carrying amount   26109130231
Equity
Equity, attributable to parent, including:(475)(820)(1,141)2,2703,6715,494
Treasury stock, value   (164)(164)  
Additional paid in capital18318 2,0403,4244,642
Accumulated other comprehensive income (loss)(8)64(3)(12)(10)
Retained earnings (accumulated deficit)(654)(849)(986)391252855
Other undisclosed equity, attributable to parent555677
Equity, attributable to noncontrolling interest(29)(51)(62)992
Total equity:(504)(871)(1,203)2,2793,6805,496
TOTAL LIABILITIES AND EQUITY:33,66533,21533,37734,10833,61434,775

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,64810,0919,8959,7619,5679,327
Revenue, net9,327
Cost of revenue(3,781)(4,044)(4,460)(4,495)(4,264)(6,119)
Cost of goods and services sold(3,206)(3,382)(3,340)(3,301)  
Gross profit:5,8676,0475,4345,2665,3033,208
Operating expenses(4,064)(3,522)(3,319)(3,442)(3,620)(2,343)
Operating income:1,8032,5252,1151,8241,682865
Nonoperating expense(1,286)(1,219)(1,532)(1,637)(1,700)(2,197)
Investment income, nonoperating(388)93(76)(48)(51)245
Interest and debt expense(11)(52)(250)(244)(49)(600)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:5051,254333(57)(67)(1,932)
Other undisclosed income from continuing operations before income taxes115225024449600
Income (loss) from continuing operations before income taxes:5171,306583187(18)(1,331)
Income tax expense (benefit)(296)(295)(140)(47)392,853
Income from continuing operations:2211,011443140211,522
Income before gain (loss) on sale of properties:1,011443140211,522
Net income:2211,011443140211,522
Net loss attributable to noncontrolling interest(26)(21)(7)(1)(2)(2)
Net income (loss) available to common stockholders, diluted:195990436139191,520

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2211,011443140211,522
Other comprehensive income (loss)(15)3792(12)
Comprehensive income (loss):2061,014450148231,510
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(21)(7)(1)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:180993443147211,508

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: