10-Q Filing

CHARTER COMMUNICATIONS, INC. /MO/ CIK: 1091667 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001091667-23-000084`
Period End Date	20230331
Filing Date	20230428
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	chtr-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 36 Cash Flow Statement 60 Stockholders Equity 22

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$211.00M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$219.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$645.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$534.00M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.16B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $211 and $219, respectively	`AccountsReceivableNetCurrent`	$2.92B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.64B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $211 and $219, respectively	`AccountsReceivableNetCurrent`	$2.85B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$682.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$451.00M	USD	Point-in-time
Customer relationships, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$15.78B	USD	Point-in-time
Customer relationships, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$15.48B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.02B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $36,644 and $36,164, respectively	`PropertyPlantAndEquipmentNet`	$36.60B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $36,644 and $36,164, respectively	`PropertyPlantAndEquipmentNet`	$36.04B	USD	Point-in-time
Customer relationships, net of accumulated amortization of $15,777 and $15,478, respectively	`CustomerRelationshipsNet`	$2.48B	USD	Point-in-time
Customer relationships, net of accumulated amortization of $15,777 and $15,478, respectively	`CustomerRelationshipsNet`	$2.77B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.37B	USD	Point-in-time
Franchises	`IndefiniteLivedFranchiseRights`	$67.36B	USD	Point-in-time
Goodwill	`Goodwill`	$29.56B	USD	Point-in-time
Goodwill	`Goodwill`	$29.56B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$135.74B	USD	Point-in-time
Total investment in cable properties, net	`TotalInvestmentInCablePropertiesNet`	$136.01B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$4.79B	USD	Point-in-time
OTHER NONCURRENT ASSETS	`OtherAssetsNoncurrent`	$4.77B	USD	Point-in-time
Total assets	`Assets`	$144.87B	USD	Point-in-time
Total assets	`Assets`	$144.52B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.24B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.55B	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
Current portion of long-term debt	`LongTermDebtCurrent`	$1.51B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.00B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.06B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.24B	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
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$96.09B	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$95.97B	USD	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$19.06B	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredIncomeTaxLiabilitiesNet`	$19.03B	USD	Point-in-time
Treasury Stock (shares)	`TreasuryStockCommonShares`	2.47M	shares	Point-in-time
Treasury Stock (shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.72B	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.76B	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`	$24.14B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$23.94B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.80B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.82B	USD	Point-in-time
Treasury stock at cost; 2,472,915 and no shares, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock at cost; 2,472,915 and no shares, respectively	`TreasuryStockValue`	$920.00M	USD	Point-in-time
Total Charter shareholders equity	`StockholdersEquity`	$9.42B	USD	Point-in-time
Total Charter shareholders equity	`StockholdersEquity`	$9.12B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.43B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.48B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.55B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.16B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.90B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.94B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$144.87B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$144.52B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$13.65B	USD	1 Quarter
REVENUES	`Revenues`	$13.20B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$8.51B	USD	1 Quarter
Operating costs and expenses (exclusive of items shown separately below)	`OperatingExpenses`	$8.13B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.29B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.21B	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-10.00M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-1.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.73B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$10.43B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.93B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.77B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.26B	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.06B	USD	1 Quarter
Other income (expenses), net	`NonoperatingIncomeExpense`	$23.00M	USD	1 Quarter
Other income (expenses), net	`NonoperatingIncomeExpense`	$-104.00M	USD	1 Quarter
Total other income (expenses), net	`TotalNonoperatingIncomeExpenseIncludingInterestExpenseNet`	$-1.04B	USD	1 Quarter
Total other income (expenses), net	`TotalNonoperatingIncomeExpenseIncludingInterestExpenseNet`	$-1.37B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.56B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.73B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$374.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$345.00M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.18B	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.39B	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$186.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$162.00M	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$1.20B	USD	1 Quarter
Net income attributable to Charter shareholders	`NetIncomeLoss`	$1.02B	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$7.05	USD	1 Quarter
Basic (dollars per share)	`EarningsPerShareBasic`	$6.74	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$6.90	USD	1 Quarter
Diluted (dollars per share)	`EarningsPerShareDiluted`	$6.65	USD	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	151.44M	shares	1 Quarter
Weighted average common shares outstanding, basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.69M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.50M	shares	1 Quarter
Weighted average common shares outstanding, diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.54M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$1.18B	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.39B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.29B	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.21B	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$147.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$208.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-3.00M	USD	1 Quarter
Noncash interest income, net	`AmortizationOfDebtDiscountPremium`	$-3.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-23.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$38.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-104.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$21.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-49.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-70.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$336.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$185.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-86.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-61.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.65B	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.32B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.86B	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46B	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$195.00M	USD	1 Quarter
Change in accrued expenses related to capital expenditures	`ChangesInAccruedExpensesRelatedToCapitalExpenditures`	$-10.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$80.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-60.00M	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79B	USD	1 Quarter
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.74B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$7.10B	USD	1 Quarter
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.71B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$6.74B	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$2.95B	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$37.00M	USD	1 Quarter
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$18.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$3.33B	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$912.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$122.00M	USD	1 Quarter
Purchase of noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$416.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$2.00M	USD	1 Quarter
Distributions to noncontrolling interest	`PaymentsOfDividendsMinorityInterest`	$3.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-695.00M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.00M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-111.00M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.83B	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.43B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$601.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$534.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$645.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.43B	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$601.00M	USD	Point-in-time
CASH PAID FOR INTEREST	`InterestPaidNet`	$1.19B	USD	1 Quarter
CASH PAID FOR INTEREST	`InterestPaidNet`	$982.00M	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$29.00M	USD	1 Quarter
CASH PAID FOR TAXES	`IncomeTaxesPaid`	$61.00M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.16B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.94B	USD	Point-in-time
Consolidated net income	`ProfitLoss`	$1.18B	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$1.39B	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$208.00M	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$147.00M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.00M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	1 Quarter
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$3.33B	USD	1 Quarter
Purchases of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$920.00M	USD	1 Quarter
Purchase of noncontrolling interest, net of tax	`MinorityInterestDecreaseFromRedemptions`	$108.00M	USD	1 Quarter
Purchase of noncontrolling interest, net of tax	`MinorityInterestDecreaseFromRedemptions`	$353.00M	USD	1 Quarter
Change in noncontrolling interest ownership, net of tax	`NoncontrollingInterestIncreaseDecreaseFromChangesInSubsidiaryOwnership`	$-61.00M	USD	1 Quarter
Change in noncontrolling interest ownership, net of tax	`NoncontrollingInterestIncreaseDecreaseFromChangesInSubsidiaryOwnership`	$-9.00M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	1 Quarter
Distributions to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.00M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.16B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.94B	USD	Point-in-time

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