Cable One, Inc. (CABO) Financial Statements (2024 and earlier)

Company Profile

Business Address 210 E. EARLL DRIVE
PHOENIX, AZ 85012
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 thousands)

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 investments215,150388,802574,909125,271264,113161,752
Cash and cash equivalents215,150388,802574,909125,271264,113161,752
Receivables77,57482,98781,26541,79940,66072,472
Prepaid expense5,6315,4323,6713,047 8,160
Capitalized contract cost    3,6002,900
Other current assets6,8469,0093,6024,314  
Other undisclosed current assets41,50414,7239,3663,45710,190 
Total current assets:346,705500,953672,813181,488317,863242,384
Noncurrent Assets
Property, plant and equipment   1,265,4601,201,271847,979831,892
Long-term investments and receivables1,014,154589,067657,305   
Long-term investments1,014,154589,067657,305   
Intangible assets, net (including goodwill)3,595,5323,829,0501,708,7411,741,9781,125,9801,137,874
Goodwill928,947967,913430,543429,597172,129172,129
Intangible assets, net (excluding goodwill)2,666,5852,861,1371,278,1981,312,381953,851965,745
Regulated entity, other noncurrent assets      
Other noncurrent assets74,67742,32233,54327,09411,4126,179
Other undisclosed noncurrent assets1,882,8221,992,602150,476   
Total noncurrent assets:6,567,1856,453,0413,815,5252,970,3431,985,3711,975,945
TOTAL ASSETS:6,913,8906,953,9944,488,3383,151,8312,303,2342,218,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:164,518203,387174,139136,99394,134117,963
Interest and dividends payable5,1724,128   
Taxes payable   8,1496,113
Employee-related liabilities   21,31435,363
Accounts payable    20,79021,670
Accrued liabilities18,807   11,18711,828
Other undisclosed accounts payable and accrued liabilities145,711198,215170,011136,99332,69442,989
Deferred revenue23,70626,85121,05123,640
Debt55,93138,83726,39228,90920,62514,375
Deferred revenue and credits38,266
Contract with customer, liability18,954
Total current liabilities:244,155269,075221,582189,542133,713170,604
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,752,5913,799,5002,148,7981,711,9371,142,0561,160,682
Other undisclosed long-term debt and lease obligation3,752,5913,799,5002,148,7981,711,9371,142,0561,160,682
Liabilities, other than long-term debt1,159,1711,092,324622,659408,783252,107215,627
Deferred compensation liability, classified      9,991
Deferred tax liabilities, net242,127205,636
Deferred income tax liabilities966,821854,156366,675303,314
Other liabilities192,350156,541100,627105,4699,980 
Derivative instruments and hedges, liabilities  81,627155,357   
Total noncurrent liabilities:4,911,7624,891,8242,771,4572,120,7201,394,1631,376,309
Total liabilities:5,155,9175,160,8992,993,0392,310,2621,527,8761,546,913
Equity
Equity, attributable to parent1,757,9731,793,0951,495,299841,569775,358671,416
Common stock626262595960
Treasury stock, value(494,680)(136,355)(127,838)(121,885)(113,795)(80,058)
Additional paid in capital578,154555,640535,58651,19838,89828,412
Accumulated other comprehensive income (loss)50,031(82,795)(140,683)(68,158)(96)(352)
Retained earnings1,624,4061,456,5431,228,172980,355850,292723,354
Total equity:1,757,9731,793,0951,495,299841,569775,358671,416
TOTAL LIABILITIES AND EQUITY:6,913,8906,953,9944,488,3383,151,8312,303,2342,218,329

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,706,0431,605,8361,325,2291,167,9971,072,295960,029
Revenue, net960,029
Cost of revenue(461,746)(449,387)(411,177)(382,052)(365,168)(332,115)
Gross profit:1,244,2971,156,449914,052785,945707,127627,914
Operating expenses(705,308)(699,877)(444,702)(475,494)(439,215)(391,917)
Operating income:538,989456,572469,350310,451267,912235,997
Nonoperating income (expense)(25,913)(6,002)(16,411)(4,907)4,487668
Investment income, nonoperating 13,670     
Other nonoperating income (expense)817(6,002)(16,411)(4,907)4,487668
Interest and debt expense(137,713)(113,449)(73,607)(71,729)(60,415)(46,864)
Income from continuing operations before equity method investments, income taxes:375,363337,121379,332233,815211,984189,801
Income (loss) from equity method investments(14,913)4681,376   
Income from continuing operations before income taxes:360,450337,589380,708233,815211,984189,801
Income tax expense (benefit)(126,332)(45,765)(76,317)(55,233)(47,224)44,227
Income from continuing operations:234,118291,824304,391178,582164,760234,028
Income before gain (loss) on sale of properties:291,824304,391178,582164,760234,028
Net income available to common stockholders, basic:234,118291,824304,391178,582164,760234,028
Interest on convertible debt6,2165,136    
Other undisclosed net income available to common stockholders, diluted      
Net income available to common stockholders, diluted:240,334296,960304,391178,582164,760234,028

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:234,118291,824304,391178,582164,760234,028
Other comprehensive income132,094     
Comprehensive income:366,212291,824304,391178,582164,760234,028
Other undisclosed comprehensive income (loss), net of tax, attributable to parent73257,888(72,525)(68,062)25694
Comprehensive income, net of tax, attributable to parent:366,944349,712231,866110,520165,016234,122

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.

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