10-Q Filing

CHARTER COMMUNICATIONS, INC. /MO/ CIK: 1091667 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001091667-21-000084`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	chtr-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 23

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$173.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$217.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.00B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $173 and $217, respectively	`AccountsReceivableNetCurrent`	$2.40B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.59B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $173 and $217, respectively	`AccountsReceivableNetCurrent`	$2.54B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$31.64B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$496.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$369.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.91B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.66B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $32,587 and $31,639, respectively	`PropertyPlantAndEquipmentNet`	$34.18B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $32,587 and $31,639, respectively	`PropertyPlantAndEquipmentNet`	$34.36B	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$5.18B	USD	Point-in-time
Customer relationships, net	`CustomerRelationshipsNet`	$5.62B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.32B	USD	Point-in-time
Goodwill	`Goodwill`	$29.55B	USD	Point-in-time
Goodwill	`Goodwill`	$29.55B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$136.25B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$136.85B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$3.45B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$3.53B	USD	Point-in-time
Total assets	`Assets`	$144.21B	USD	Point-in-time
Total assets	`Assets`	$143.44B	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
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.91B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.87B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.00B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.01B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.88B	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 current liabilities	`LiabilitiesCurrent`	$9.92B	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	6.15M	shares	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$81.74B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$83.88B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$18.11B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$18.23B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.20B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.23B	USD	Point-in-time
Preferred stock; $0.001 par value; 250 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 250 million shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.04B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-5.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-4.39B	USD	Point-in-time
Treasury stock at cost; 6,150,696 and no shares, respectively	`TreasuryStockValue`	$3.65B	USD	Point-in-time
Treasury stock at cost; 6,150,696 and no shares, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Total Charter shareholders equity	`StockholdersEquity`	$21.00B	USD	Point-in-time
Total Charter shareholders equity	`StockholdersEquity`	$23.80B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$6.48B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$6.18B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.81B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.72B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$30.28B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.18B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$144.21B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$143.44B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$12.52B	USD	1 Quarter
REVENUES	`Revenues`	$11.74B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$7.71B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$7.43B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.44B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.50B	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-302.00M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-7.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.45B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.94B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.80B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.07B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-983.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-980.00M	USD	1 Quarter
Other income (expenses), net	`NonoperatingIncomeExpense`	$-326.00M	USD	1 Quarter
Other income (expenses), net	`NonoperatingIncomeExpense`	$52.00M	USD	1 Quarter
Total other income (expenses), net	`TotalNonoperatingIncomeExpenseIncludingInterestExpenseNet`	$-1.31B	USD	1 Quarter
Total other income (expenses), net	`TotalNonoperatingIncomeExpenseIncludingInterestExpenseNet`	$-931.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$496.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.14B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$216.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$29.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$467.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$921.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$71.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$114.00M	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$807.00M	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$396.00M	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$1.91	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$4.22	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$4.11	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$1.86	USD	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	191.40M	shares	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	207.83M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	212.81M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	205.87M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$467.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$921.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.44B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.50B	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$90.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$134.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-7.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-12.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$156.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-315.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$5.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-99.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-144.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$182.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-155.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$149.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.22B	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.75B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.46B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.82B	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$388.00M	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$75.00M	USD	1 Quarter
Real estate investment through variable interest entity	`Realestateinvestmentthroughvariableinterestentity`	$50.00M	USD	1 Quarter
Real estate investment through variable interest entity	`Realestateinvestmentthroughvariableinterestentity`	$38.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$10.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-37.00M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.96B	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.34B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.29B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$3.59B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$3.16B	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$22.00M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$41.00M	USD	1 Quarter
Issuance of equity	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of equity	`ProceedsFromIssuanceOfCommonStock`	$23.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$3.65B	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.35B	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$93.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$507.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$393.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$39.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$39.00M	USD	1 Quarter
Borrowings for real estate investments through variable interest entities	`Borrowingsfromrealestateinvestmentsthroughvariableinterestentities`	-	USD	1 Quarter
Borrowings for real estate investments through variable interest entities	`Borrowingsfromrealestateinvestmentsthroughvariableinterestentities`	$50.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$12.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-24.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.02B	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.98B	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-613.00M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-229.00M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.55B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$772.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.94B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$772.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.94B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.55B	USD	Point-in-time
CASH PAID FOR INTEREST	`InterestPaidNet`	$1.02B	USD	1 Quarter
CASH PAID FOR INTEREST	`InterestPaidNet`	$1.05B	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$20.00M	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$19.00M	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.81B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$30.28B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.18B	USD	Point-in-time
Consolidated net income	`ProfitLoss`	$467.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$921.00M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$134.00M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.00M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.00M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$93.00M	USD	1 Quarter
Issuance of equity	`StockIssuedDuringPeriodValueNewIssues`	$23.00M	USD	1 Quarter
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.35B	USD	1 Quarter
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$3.65B	USD	1 Quarter
Purchase of noncontrolling interest, net of tax	`MinorityInterestDecreaseFromRedemptions`	$344.00M	USD	1 Quarter
Purchase of noncontrolling interest, net of tax	`MinorityInterestDecreaseFromRedemptions`	$429.00M	USD	1 Quarter
Change in noncontrolling interest ownership, net of tax	`NoncontrollingInterestIncreaseDecreaseFromChangesInSubsidiaryOwnership`	$-27.00M	USD	1 Quarter
Change in noncontrolling interest ownership, net of tax	`NoncontrollingInterestIncreaseDecreaseFromChangesInSubsidiaryOwnership`	$-44.00M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$39.00M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$39.00M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$38.81B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$36.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$30.28B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.18B	USD	Point-in-time

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