Altice USA, Inc. (ATUS) financial statements (2021 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments278702299273
Cash and cash equivalents278702299273
Restricted cash and investments0000
Receivables447464466392
Derivative instruments and hedges, assets51 253
Other undisclosed current assets200215136135
Total current assets:9771,381903854
Noncurrent Assets
Operating lease, right-of-use asset241280✕✕
Property, plant and equipment5,8065,7535,8296,064
Long-term investments and receivables   1
Long-term investments   1
Intangible assets, net (including goodwill)24,01024,64325,22526,083
Goodwill8,1618,1428,0127,997
Intangible assets, net (excluding goodwill)15,84916,50117,21318,087
Derivative instruments and hedges525109 
Restricted cash and investments2,2511,9321,4631,720
Other noncurrent assets87938453
Total noncurrent assets:32,40032,72732,71133,922
TOTAL ASSETS:33,37734,10833,61434,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7341,6761,6961,729
Accounts payable796800858790
Accrued liabilities544379313409
Employee-related liabilities142111140133
Interest and dividends payable252386386397
Deferred revenue110125✕✕
Debt1,246171159593
Derivative instruments and hedges, liabilities  053
Due to related parties972614
Deferred revenue and credits✕✕✕104
Contract with customer, liability✕✕140✕
Total current liabilities:3,0981,9782,0212,493
Noncurrent Liabilities
Long-term debt and lease obligation25,73424,5667,29421,348
Long-term debt, excluding current maturities25,47724,2507,27521,336
Finance lease, liability 47✕✕
Capital lease obligations✕✕1912
Operating lease, liability257269✕✕
Liabilities, other than long-term debt5,7224615,128428
Deferred tax liabilities, net✕✕4,724 
Deferred income tax liabilities5,006 ✕✕
Liability, pension and other postretirement and postemployment benefits315797103
Other liabilities162148175138
Derivative instruments and hedges, liabilities523256133187
Other undisclosed noncurrent liabilities 4,71515,3604,779
Total noncurrent liabilities:31,45629,74227,78226,555
Total liabilities:34,55431,72029,80429,048
Temporary equity, carrying amount26109130231
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,141)2,2703,6715,494
Treasury stock, value(164)(164)  
Additional paid in capital 2,0403,4244,642
Accumulated other comprehensive income (loss)4(3)(12)(10)
Retained earnings (accumulated deficit)(986)391252855
Other undisclosed stockholders' equity attributable to parent5677
Stockholders' equity attributable to noncontrolling interest(62)992
Total stockholders' equity:(1,203)2,2793,6805,496
TOTAL LIABILITIES AND EQUITY:33,37734,10833,61434,775

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,8959,7619,5679,327
Revenue, net✕✕✕9,327
Cost of revenue(4,460)(4,495)(4,264)(6,119)
Cost of goods and services sold(3,340)(3,301)  
Gross profit:5,4345,2665,3033,208
Operating expenses(3,319)(3,442)(3,620)(2,343)
Operating income:2,1151,8241,682865
Nonoperating expense(1,532)(1,637)(1,700)(2,197)
Interest and debt expense(250)(244)(49)(600)
Income (loss) from continuing operations before equity method investments, income taxes:333(57)(67)(1,932)
Other undisclosed income from continuing operations before income taxes25024449600
Income (loss) from continuing operations before income taxes:583187(18)(1,331)
Income tax expense (benefit)(140)(47)392,853
Net income:443140211,522
Net loss attributable to noncontrolling interest(7)(1)(2)(2)
Net income available to common stockholders, diluted:436139191,520

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:443140211,522
Other comprehensive income (loss)792(12)
Comprehensive income:450148231,510
Comprehensive loss, net of tax, attributable to noncontrolling interest(7)(1)(2)(2)
Comprehensive income, net of tax, attributable to parent:443147211,508

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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