10-Q Filing

CHARTER COMMUNICATIONS, INC. /MO/ CIK: 1091667 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001091667-17-000072`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	chtr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 70 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$114.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$124.00M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.10B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.87B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $114 and $124, respectively	`AccountsReceivableNetCurrent`	$1.31B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $114 and $124, respectively	`AccountsReceivableNetCurrent`	$1.43B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$435.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$333.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.67B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.30B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $12,866 and $11,103, respectively	`PropertyPlantAndEquipmentNet`	$32.96B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $12,866 and $11,103, respectively	`PropertyPlantAndEquipmentNet`	$32.70B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$13.90B	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$14.61B	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Goodwill	`Goodwill`	$29.53B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Goodwill	`Goodwill`	$29.51B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$143.44B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$144.40B	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$1.33B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$1.37B	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$149.07B	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Total assets	`Assets`	$149.44B	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	2.81M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.51B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.54B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.01B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.03B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.52B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.57B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$59.72B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$60.84B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilities`	$26.66B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilities`	$26.58B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.75B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.61B	USD	Point-in-time
Preferred stock; $.001 par value; 250 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $.001 par value; 250 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.41B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$733.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Treasury stock at cost; 2,808,761 and no shares, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock at cost; 2,808,761 and no shares, respectively	`TreasuryStockValue`	$895.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.00M	USD	Point-in-time
Total Charter shareholders' equity	`StockholdersEquity`	$40.14B	USD	Point-in-time
Total Charter shareholders' equity	`StockholdersEquity`	$39.72B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$10.23B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$10.18B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.37B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$49.90B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$149.07B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$149.44B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$10.16B	USD	1 Quarter
REVENUES	`Revenues`	$2.53B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$6.58B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$1.67B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$539.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.55B	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-18.00M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-94.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.23B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.22B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$941.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$302.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-713.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-454.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-34.00M	USD	1 Quarter
Gain (loss) on financial instruments, net	`FinancialInstrumentGainLossNet`	$38.00M	USD	1 Quarter
Gain (loss) on financial instruments, net	`FinancialInstrumentGainLossNet`	$-5.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-462.00M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-705.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$236.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$25.00M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$-188.00M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$211.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$56.00M	USD	1 Quarter
Net income (loss) attributable to Charter shareholders	`NetIncomeLoss`	$-188.00M	USD	1 Quarter
Net income (loss) attributable to Charter shareholders	`NetIncomeLoss`	$155.00M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$-1.86	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$-1.86	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	269.00M	shares	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	101.55M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.55M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	273.20M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income (loss)	`ProfitLoss`	$-188.00M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$211.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$539.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.55B	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$24.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$69.00M	USD	1 Quarter
Accelerated vesting of equity awards	`ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost`	-	USD	1 Quarter
Accelerated vesting of equity awards	`ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost`	$17.00M	USD	1 Quarter
Noncash interest (income) expense, net	`AmortizationOfDebtDiscountPremium`	$-108.00M	USD	1 Quarter
Noncash interest (income) expense, net	`AmortizationOfDebtDiscountPremium`	$7.00M	USD	1 Quarter
Other pension benefits	`DefinedBenefitPlanRecognizedNetGainLossDueToCurtailmentsAndOtherCosts`	-	USD	1 Quarter
Other pension benefits	`DefinedBenefitPlanRecognizedNetGainLossDueToCurtailmentsAndOtherCosts`	$-13.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-34.00M	USD	1 Quarter
(Gain) loss on financial instruments, net	`FinancialInstrumentGainLossNet`	$38.00M	USD	1 Quarter
(Gain) loss on financial instruments, net	`FinancialInstrumentGainLossNet`	$-5.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-6.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-236.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-24.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$83.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$424.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.84B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$429.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55B	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$150.00M	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$56.00M	USD	1 Quarter
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	$49.00M	USD	1 Quarter
Change in restricted cash and cash equivalents	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$7.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-536.00M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.71B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.14B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.64B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$3.48B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$727.00M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$17.00M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$21.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$16.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$895.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$72.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$27.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	-	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$38.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.39B	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.00M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.39B	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.27B	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
CASH PAID FOR INTEREST	`InterestPaidNet`	$892.00M	USD	1 Quarter
CASH PAID FOR INTEREST	`InterestPaidNet`	$470.00M	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	-	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$1.00M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income (loss)	`ProfitLoss`	$-188.00M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$211.00M	USD	1 Quarter
Net impact of interest rate derivative instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Net impact of interest rate derivative instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.00M	USD	1 Quarter
Consolidated comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$212.00M	USD	1 Quarter
Consolidated comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-186.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$56.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to Charter shareholders	`ComprehensiveIncomeNetOfTax`	$156.00M	USD	1 Quarter
Comprehensive income (loss) attributable to Charter shareholders	`ComprehensiveIncomeNetOfTax`	$-186.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.