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 investments | 175 | 299 | 273 | ||
| Cash and cash equivalents | 175 | 299 | 273 | ||
| Restricted cash and investments | 0 | 0 | 0 | ||
| Receivables | 447 | 466 | 392 | ||
| Derivative instruments and hedges, assets | 2 | 53 | |||
| Other undisclosed current assets | 195 | 136 | 135 | ||
| Total current assets: | 818 | 903 | 854 | ||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 283 | ✕ | ✕ | ||
| Property, plant and equipment | 5,797 | 5,829 | 6,064 | ||
| Long-term investments and receivables | 1 | ||||
| Long-term investments | 1 | ||||
| Intangible assets, net (including goodwill) | 24,835 | 25,225 | 26,083 | ||
| Goodwill | 8,139 | 8,012 | 7,997 | ||
| Intangible assets, net (excluding goodwill) | 16,696 | 17,213 | 18,087 | ||
| Derivative instruments and hedges | 3 | 109 | |||
| Restricted cash and investments | 1,936 | 1,463 | 1,720 | ||
| Other noncurrent assets | 102 | 84 | 53 | ||
| Total noncurrent assets: | 32,956 | 32,711 | 33,922 | ||
| TOTAL ASSETS: | 33,774 | 33,614 | 34,775 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 1,286 | 1,696 | 1,729 | ||
| Accounts payable | 879 | 858 | 790 | ||
| Accrued liabilities | 313 | 409 | |||
| Employee-related liabilities | 129 | 140 | 133 | ||
| Interest and dividends payable | 279 | 386 | 397 | ||
| Deferred revenue | 108 | ✕ | ✕ | ||
| Debt | 50 | 159 | 593 | ||
| Derivative instruments and hedges, liabilities | 0 | 53 | |||
| Due to related parties | 7 | 26 | 14 | ||
| Deferred revenue and credits | ✕ | ✕ | 104 | ||
| Contract with customer, liability | ✕ | 140 | ✕ | ||
| Other liabilities | 317 | ||||
| Other undisclosed current liabilities | 111 | ||||
| Total current liabilities: | 1,879 | 2,021 | 2,493 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 24,201 | 7,294 | 21,348 | ||
| Long-term debt, excluding current maturities | 23,896 | 7,275 | 21,336 | ||
| Finance lease, liability | 35 | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 19 | 12 | ||
| Operating lease, liability | 271 | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 623 | 5,128 | 428 | ||
| Deferred tax liabilities, net | ✕ | 4,724 | |||
| Liability, pension and other postretirement and postemployment benefits | 97 | 103 | |||
| Other liabilities | 246 | 175 | 138 | ||
| Derivative instruments and hedges, liabilities | 378 | 133 | 187 | ||
| Other undisclosed noncurrent liabilities | 4,763 | 15,360 | 4,779 | ||
| Total noncurrent liabilities: | 29,588 | 27,782 | 26,555 | ||
| Total liabilities: | 31,467 | 29,804 | 29,048 | ||
| Temporary equity, carrying amount | 217 | 130 | 231 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 2,081 | 3,671 | 5,494 | ||
| Additional paid in capital | 1,710 | 3,424 | 4,642 | ||
| Accumulated other comprehensive loss | (26) | (12) | (10) | ||
| Retained earnings | 390 | 252 | 855 | ||
| Other undisclosed stockholders' equity attributable to parent | 6 | 7 | 7 | ||
| Stockholders' equity attributable to noncontrolling interest | 8 | 9 | 2 | ||
| Total stockholders' equity: | 2,089 | 3,680 | 5,496 | ||
| TOTAL LIABILITIES AND EQUITY: | 33,774 | 33,614 | 34,775 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|
| Revenues | 9,741 | 9,567 | 9,327 | |
| Revenue, net | ✕ | ✕ | 9,327 | |
| Cost of revenue | (4,318) | (4,264) | (6,119) | |
| Cost of goods and services sold | (2,453) | |||
| Gross profit: | 5,423 | 5,303 | 3,208 | |
| Operating expenses | (3,498) | (3,620) | (2,343) | |
| Operating income: | 1,925 | 1,682 | 865 | |
| 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 taxes | 167 | 49 | 600 | |
| Income (loss) from continuing operations before income taxes: | 341 | (18) | (1,331) | |
| Income tax benefit | 12 | 39 | 2,853 | |
| Net income: | 352 | 21 | 1,522 | |
| Net loss attributable to noncontrolling interest | (1) | (2) | (2) | |
| Net income available to common stockholders, diluted: | 352 | 19 | 1,520 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|
| Net income: | 352 | 21 | 1,522 | |
| Other comprehensive income (loss) | (23) | 2 | (12) | |
| Comprehensive income: | 329 | 23 | 1,510 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (2) | (2) | |
| Comprehensive income, net of tax, attributable to parent: | 328 | 21 | 1,508 | |
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.