10-Q Filing

CHARTER COMMUNICATIONS, INC. /MO/ CIK: 1091667 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001091667-18-000063`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	chtr-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 66 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$120.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$113.00M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.08B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.80B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$576.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$621.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $120 and $113, respectively	`AccountsReceivableNetCurrent`	$1.41B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $120 and $113, respectively	`AccountsReceivableNetCurrent`	$1.64B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$413.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$299.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.40B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.56B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $19,796 and $18,077, respectively	`PropertyPlantAndEquipmentNet`	$34.00B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $19,796 and $18,077, respectively	`PropertyPlantAndEquipmentNet`	$33.89B	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$11.31B	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$11.95B	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Goodwill	`Goodwill`	$29.55B	USD	Point-in-time
Goodwill	`Goodwill`	$29.55B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$142.71B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$142.19B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$1.36B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$1.56B	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$146.62B	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	1.77M	shares	Point-in-time
Total assets	`Assets`	$146.15B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.04B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.26B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.34B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.04B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.09B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.60B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$68.19B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$67.61B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilities`	$17.35B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilities`	$17.31B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.50B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.46B	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`	$35.25B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.83B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.03B	USD	Point-in-time
Treasury stock at cost; 1,770,755 and no shares, respectively	`TreasuryStockValue`	$617.00M	USD	Point-in-time
Treasury stock at cost; 1,770,755 and no shares, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00M	USD	Point-in-time
Total Charter shareholders' equity	`StockholdersEquity`	$39.08B	USD	Point-in-time
Total Charter shareholders' equity	`StockholdersEquity`	$38.77B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.36B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.45B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$47.12B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$47.53B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$146.15B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$146.62B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$10.66B	USD	1 Quarter
REVENUES	`Revenues`	$10.16B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$6.84B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$6.58B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.71B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.55B	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-69.00M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-94.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.62B	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`	$1.04B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-713.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-851.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-34.00M	USD	1 Quarter
Gain on financial instruments, net	`FinancialInstrumentGainLossNet`	$38.00M	USD	1 Quarter
Gain on financial instruments, net	`FinancialInstrumentGainLossNet`	$63.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-705.00M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-791.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$251.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$236.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$25.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$211.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$223.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$55.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$56.00M	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$168.00M	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$155.00M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.71	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	269.00M	shares	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	237.76M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	241.42M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	273.20M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$211.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$223.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.71B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.55B	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$72.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$69.00M	USD	1 Quarter
Accelerated vesting of equity awards	`ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost`	$5.00M	USD	1 Quarter
Accelerated vesting of equity awards	`ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost`	$17.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-108.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-89.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-34.00M	USD	1 Quarter
Gain on financial instruments, net	`FinancialInstrumentGainLossNet`	$38.00M	USD	1 Quarter
Gain on financial instruments, net	`FinancialInstrumentGainLossNet`	$63.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$16.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$7.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-18.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-236.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-226.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$83.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-300.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.84B	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.70B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.18B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55B	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$565.00M	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$150.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-10.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$7.00M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.74B	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.71B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.93B	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`	$2.19B	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$21.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$895.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$617.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$36.00M	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`	$127.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$38.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$39.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.00M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.39B	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-45.00M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$576.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$621.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$576.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.92B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$621.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.53B	USD	Point-in-time
CASH PAID FOR INTEREST	`InterestPaidNet`	$892.00M	USD	1 Quarter
CASH PAID FOR INTEREST	`InterestPaidNet`	$1.01B	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$1.00M	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	`ProfitLoss`	$211.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$223.00M	USD	1 Quarter
Net impact of interest rate derivative instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Net impact of interest rate derivative instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$212.00M	USD	1 Quarter
Consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$223.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$56.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$55.00M	USD	1 Quarter
Comprehensive income attributable to Charter shareholders	`ComprehensiveIncomeNetOfTax`	$168.00M	USD	1 Quarter
Comprehensive income attributable to Charter shareholders	`ComprehensiveIncomeNetOfTax`	$156.00M	USD	1 Quarter

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