Altice USA, Inc. (ATUS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments175299273
Cash and cash equivalents175299273
Restricted cash and investments000
Receivables447466392
Derivative instruments and hedges, assets 253
Other undisclosed current assets195136135
Total current assets:818903854
Noncurrent Assets
Operating lease, right-of-use asset283
Property, plant and equipment5,7975,8296,064
Long-term investments and receivables  1
Long-term investments  1
Intangible assets, net (including goodwill)24,83525,22526,083
Goodwill8,1398,0127,997
Intangible assets, net (excluding goodwill)16,69617,21318,087
Derivative instruments and hedges3109 
Restricted cash and investments1,9361,4631,720
Other noncurrent assets1028453
Total noncurrent assets:32,95632,71133,922
TOTAL ASSETS:33,77433,61434,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2861,6961,729
Accounts payable879858790
Accrued liabilities 313409
Employee-related liabilities129140133
Interest and dividends payable279386397
Deferred revenue108
Debt50159593
Derivative instruments and hedges, liabilities 053
Due to related parties72614
Deferred revenue and credits104
Contract with customer, liability140
Other liabilities317  
Other undisclosed current liabilities111  
Total current liabilities:1,8792,0212,493
Noncurrent Liabilities
Long-term debt and lease obligation24,2017,29421,348
Long-term debt, excluding current maturities23,8967,27521,336
Finance lease, liability35
Capital lease obligations1912
Operating lease, liability271
Liabilities, other than long-term debt6235,128428
Deferred tax liabilities, net4,724 
Liability, pension and other postretirement and postemployment benefits 97103
Other liabilities246175138
Derivative instruments and hedges, liabilities378133187
Other undisclosed noncurrent liabilities4,76315,3604,779
Total noncurrent liabilities:29,58827,78226,555
Total liabilities:31,46729,80429,048
Temporary equity, carrying amount217130231
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0813,6715,494
Additional paid in capital1,7103,4244,642
Accumulated other comprehensive loss(26)(12)(10)
Retained earnings390252855
Other undisclosed stockholders' equity attributable to parent677
Stockholders' equity attributable to noncontrolling interest892
Total stockholders' equity:2,0893,6805,496
TOTAL LIABILITIES AND EQUITY:33,77433,61434,775

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues9,7419,5679,327
Revenue, net9,327
Cost of revenue(4,318)(4,264)(6,119)
Cost of goods and services sold(2,453)  
Gross profit:5,4235,3033,208
Operating expenses(3,498)(3,620)(2,343)
Operating income:1,9251,682865
Nonoperating expense(1,585)(1,700)(2,197)
Investment income, nonoperating(253)(51)245
Interest and debt expense(167)(49)(600)
Income (loss) from continuing operations before equity method investments, income taxes:174(67)(1,932)
Other undisclosed income from continuing operations before income taxes16749600
Income (loss) from continuing operations before income taxes:341(18)(1,331)
Income tax benefit12392,853
Net income:352211,522
Net loss attributable to noncontrolling interest(1)(2)(2)
Net income available to common stockholders, diluted:352191,520

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
Net income:352211,522
Other comprehensive income (loss)(23)2(12)
Comprehensive income:329231,510
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(2)(2)
Comprehensive income, net of tax, attributable to parent:328211,508

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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