Altice USA, Inc. (ATUS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments196278702299273
Cash and cash equivalents196278702299273
Restricted cash and investments00000
Receivables411447464466392
Derivative instruments and hedges, assets 51 253
Other undisclosed current assets183200215136135
Total current assets:7909771,381903854
Noncurrent Assets
Operating lease, right-of-use asset222241280
Property, plant and equipment6,3405,8065,7535,8296,064
Long-term investments and receivables    1
Long-term investments    1
Intangible assets, net (including goodwill)23,62424,01024,64325,22526,083
Goodwill8,2068,1618,1428,0127,997
Intangible assets, net (excluding goodwill)15,41815,84916,50117,21318,087
Derivative instruments and hedges 525109 
Restricted cash and investments2,1622,2511,9321,4631,720
Other noncurrent assets7787938453
Total noncurrent assets:32,42532,40032,72732,71133,922
TOTAL ASSETS:33,21533,37734,10833,61434,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7231,7341,6761,6961,729
Accounts payable1,023796800858790
Accrued liabilities330544379313409
Employee-related liabilities125142111140133
Interest and dividends payable245252386386397
Deferred revenue95110125
Debt9171,246171159593
Derivative instruments and hedges, liabilities   053
Due to related parties 972614
Deferred revenue and credits104
Contract with customer, liability140
Total current liabilities:2,7353,0981,9782,0212,493
Noncurrent Liabilities
Long-term debt and lease obligation25,86725,73424,5667,29421,348
Long-term debt, excluding current maturities25,62925,47724,2507,27521,336
Finance lease, liability  47
Capital lease obligations1912
Operating lease, liability237257269
Liabilities, other than long-term debt5,4845,7224615,128428
Deferred tax liabilities, net4,724 
Deferred income tax liabilities5,0485,006 
Liability, pension and other postretirement and postemployment benefits 315797103
Other liabilities159162148175138
Derivative instruments and hedges, liabilities277523256133187
Other undisclosed noncurrent liabilities  4,71515,3604,779
Total noncurrent liabilities:31,35131,45629,74227,78226,555
Total liabilities:34,08634,55431,72029,80429,048
Temporary equity, carrying amount 26109130231
Stockholders' equity
Stockholders' equity attributable to parent, including:(820)(1,141)2,2703,6715,494
Treasury stock, value (164)(164)  
Additional paid in capital18 2,0403,4244,642
Accumulated other comprehensive income (loss)64(3)(12)(10)
Retained earnings (accumulated deficit)(849)(986)391252855
Other undisclosed stockholders' equity attributable to parent55677
Stockholders' equity attributable to noncontrolling interest(51)(62)992
Total stockholders' equity:(871)(1,203)2,2793,6805,496
TOTAL LIABILITIES AND EQUITY:33,21533,37734,10833,61434,775

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,0919,8959,7619,5679,327
Revenue, net9,327
Cost of revenue(4,044)(4,460)(4,495)(4,264)(6,119)
Cost of goods and services sold(3,382)(3,340)(3,301)  
Gross profit:6,0475,4345,2665,3033,208
Operating expenses(3,522)(3,319)(3,442)(3,620)(2,343)
Operating income:2,5252,1151,8241,682865
Nonoperating expense(1,219)(1,532)(1,637)(1,700)(2,197)
Interest and debt expense(52)(250)(244)(49)(600)
Income (loss) from continuing operations before equity method investments, income taxes:1,254333(57)(67)(1,932)
Other undisclosed income from continuing operations before income taxes5225024449600
Income (loss) from continuing operations before income taxes:1,306583187(18)(1,331)
Income tax expense (benefit)(295)(140)(47)392,853
Net income:1,011443140211,522
Net loss attributable to noncontrolling interest(21)(7)(1)(2)(2)
Net income available to common stockholders, diluted:990436139191,520

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,011443140211,522
Other comprehensive income (loss)3792(12)
Comprehensive income:1,014450148231,510
Comprehensive loss, net of tax, attributable to noncontrolling interest(21)(7)(1)(2)(2)
Comprehensive income, net of tax, attributable to parent:993443147211,508

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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