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Charter Communications, Inc. (NasdaqGS:CHTR) > Financials
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Key Financials¹
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1 LTM²
For the Fiscal Period Ending 8 12 months 12 months 12 months† 12 months 12 months
A Dec-31-2020A Jun-30-2021A Dec-31-2021E Dec-31-2022E Dec-31-2023E

Total Revenue ### 48,097.0 49,987.0 51,440.78 54,303.46 56,556.32

Growth Over Prior Year ### 5.1% 7.2% 6.95% 5.56% 4.15%

EBITDA ### 18,101.0 19,297.0 20,167.9 21,870.96 23,451.13

Margin % ### 37.6% 38.6% 39.21% 40.28% 41.47%

EBIT ### 8,397.0 9,723.0 10,059.13 11,878.19 13,639.07

Margin % ### 17.5% 19.5% 19.55% 21.87% 24.12%

Earnings from Cont. Ops. ### 3,676.0 4,412.0 - - -

Margin % ### 7.6% 8.8% - - -

Net Income ### 3,222.0 3,887.0 4,417.47 5,587.49 6,770.87

Margin % ### 6.7% 7.8% 8.59% 10.29% 11.97%

Diluted EPS Excl. Extra Items³ ### 15.4 19.36 21.58 29.9 38.45
Growth Over Prior Year ### 106.7% 85.2% 35.06% 38.54% 28.57%

¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.

Current Capitalization (Millions of USD)

Currency USD
Share Price $787.12
Shares Out. 208.5

Market Capitalization 164,114.5

- Cash & Short Term Investments 1,711.0
+ Total Debt 89,452.0
+ Total Minority Interest 4,744.0
= Total Enterprise Value (TEV) 256,599.5
**For companies that have
multiple share classes that
publicly trade, we are
incorporating the different prices
to calculate our company level
market capitalization. Please
click on the value to see the
detailed calculation. Prices shown
on this page are the close price of
the company’s primary stock
class. Shares shown on this page
are total company as-reported
share values.

*Includes number of shares outstanding + shares held by non-controlling interest holders without accounting for dilutive securities

Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.

Valuation Multiples based on Current Capitalization

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For the Fiscal Period Ending 12 months 1 12 months 12 months
Dec-31-2020A A Dec-31-2022E Dec-31-2023E
TEV/Total Revenue 4.9x
### 4.37x 4.19x

TEV/EBITDA 12.5x
### 10.84x 10.11x

TEV/EBIT 28.0x
### 19.97x 17.39x

P/Diluted EPS Before Extra 51.1x

### 26.32x 20.47x

P/BV 6.4x
### 10.53x 14.03x

Price/Tang BV NM N - -
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ment pages.
Charter Communications, Inc. (NasdaqGS:CHTR) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (De Decimals: Capital IQ (Default)
Source: Capital IQ & Propr

Income Statement
Reclassified Reclassified Reclassified Reclassified LTM
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020 Jun-30-2021
Currency USD USD USD USD USD USD

Revenue 29,003.0 41,581.0 43,634.0 45,764.0 48,097.0 49,987.0

Other Revenue - - - - - -
Total Revenue 29,003.0 41,581.0 43,634.0 45,764.0 48,097.0 49,987.0

Cost Of Goods Sold 12,585.0 15,056.0 24,818.0 26,180.0 26,899.0 27,742.0

Gross Profit 16,418.0 26,525.0 18,816.0 19,584.0 21,198.0 22,245.0

Selling General & Admin Exp. 5,846.0 11,484.0 2,850.0 3,113.0 3,097.0 2,948.0
R & D Exp. - - - - - -
Depreciation & Amort. 6,907.0 10,588.0 10,318.0 9,926.0 9,704.0 9,574.0
Other Operating Expense/(Income) - - - - - -

Other Operating Exp., Total 12,753.0 22,072.0 13,168.0 13,039.0 12,801.0 12,522.0

Operating Income 3,665.0 4,453.0 5,648.0 6,545.0 8,397.0 9,723.0

Interest Expense (2,499.0) (3,090.0) (3,540.0) (3,797.0) (3,848.0) (3,898.0)

Interest and Invest. Income - - - - - -
Net Interest Exp. (2,499.0) (3,090.0) (3,540.0) (3,797.0) (3,848.0) (3,898.0)

Income/(Loss) from Affiliates (14.0) (18.0) (19.0) (16.0) (21.0) (174.0)

Currency Exchange Gains (Loss) - - - - - 211.0
Other Non-Operating Inc. (Exp.) 89.0 69.0 (110.0) (52.0) (15.0) (15.0)
EBT Excl. Unusual Items 1,241.0 1,414.0 1,979.0 2,680.0 4,513.0 5,847.0

Merger & Related Restruct. Charges (970.0) (351.0) (97.0) - - -

Impairment of Goodwill - - - - - -
Gain (Loss) On Sale Of Invest. - - (58.0) (121.0) (10.0) (10.0)
Gain (Loss) On Sale Of Assets 2.0 (16.0) (10.0) - 32.0 (25.0)
Asset Writedown - - (75.0) (42.0) - -
Legal Settlements - - - - - (220.0)
Other Unusual Items 547.0 (19.0) (53.0) (86.0) (233.0) (252.0)
EBT Incl. Unusual Items 820.0 1,028.0 1,686.0 2,431.0 4,302.0 5,340.0
Income Tax Expense (2,925.0) (9,087.0) 180.0 439.0 626.0 928.0
Earnings from Cont. Ops. 3,745.0 10,115.0 1,506.0 1,992.0 3,676.0 4,412.0

Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 3,745.0 10,115.0 1,506.0 1,992.0 3,676.0 4,412.0

Minority Int. in Earnings (223.0) (220.0) (276.0) (324.0) (454.0) (525.0)

Net Income 3,522.0 9,895.0 1,230.0 1,668.0 3,222.0 3,887.0

Pref. Dividends and Other Adj. - - - - - -

NI to Common Incl Extra Items 3,522.0 9,895.0 1,230.0 1,668.0 3,222.0 3,887.0
NI to Common Excl. Extra Items 3,522.0 9,895.0 1,230.0 1,668.0 3,222.0 3,887.0

Per Share Items

Basic EPS $17.05 $38.54 $5.29 $7.6 $15.85 $20.01
Basic EPS Excl. Extra Items 17.05 38.54 5.29 7.6 15.85 20.01
Weighted Avg. Basic Shares Out. 206.5 256.7 232.4 219.5 203.3 194.2

Diluted EPS $15.95 $34.09 $5.22 $7.45 $15.4 $19.36

Diluted EPS Excl. Extra Items 15.95 34.09 5.22 7.45 15.4 19.36
Weighted Avg. Diluted Shares Out. 234.8 296.7 235.5 223.8 209.3 204.4

Normalized Basic EPS $2.68 $2.59 $4.14 $6.15 $11.64 $16.11

Normalized Diluted EPS 2.35 2.24 4.08 6.04 11.31 15.31

Dividends per Share NA NA NA NA NA NA

Shares per Depository Receipt 0.017 0.017 0.017 0.017 0.017 0.017

Supplemental Items
EBITDA 10,572.0 15,041.0 15,966.0 16,471.0 18,101.0 19,297.0
EBITA 5,565.0 7,153.0 8,048.0 8,745.0 10,297.0 11,487.0
EBIT 3,665.0 4,453.0 5,648.0 6,545.0 8,397.0 9,723.0
EBITDAR 10,902.0 15,208.0 16,137.0 17,096.0 18,745.0 NA
Effective Tax Rate % NM NM 10.7% 18.1% 14.6% 17.4%
Current Domestic Taxes 33.0 29.0 70.0 119.0 161.0 161.0
Total Current Taxes 33.0 29.0 70.0 119.0 161.0 161.0
Deferred Domestic Taxes (2,958.0) (9,116.0) 110.0 320.0 465.0 465.0
Total Deferred Taxes (2,958.0) (9,116.0) 110.0 320.0 465.0 465.0

Normalized Net Income 552.6 663.8 960.9 1,351.0 2,366.6 3,129.4

Non-Cash Pension Expense (899.0) (1.0) (192.0) 69.0 66.0 -
Filing Date Jan-31-2019 Jan-31-2020 Jan-29-2021 Jan-29-2021 Jan-29-2021 Jul-30-2021
Restatement Type RC RC RC RC O O
Calculation Type REP REP REP REP REP LTM

Supplemental Operating Expense Items

Marketing Exp. 2,136.0 3,036.0 3,042.0 3,044.0 3,031.0 NA
Selling and Marketing Exp. NA 3,036.0 3,042.0 3,044.0 3,031.0 3,038.0
Net Rental Exp. 330.0 167.0 171.0 625.0 644.0 NA
Imputed Oper. Lease Interest Exp. 135.4 62.6 67.7 247.9 241.0 -
Imputed Oper. Lease Depreciation 194.6 104.4 103.3 377.1 403.0 -

Stock-Based Comp., COGS 244.0 261.0 285.0 315.0 351.0 405.0

Stock-Based Comp., Unallocated 248.0 49.0 - - - -
Stock-Based Comp., Total 492.0 310.0 285.0 315.0 351.0 405.0

Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Charter Communications, Inc. (NasdaqGS:CHTR) > Financials > Balance Sheet
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (De Decimals: Capital IQ (Default)
Source: Capital IQ & Propr

Balance Sheet
Balance Sheet as of:
Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020 Jun-30-2021
Currency USD USD USD USD USD USD
ASSETS
Cash And Equivalents 1,535.0 621.0 551.0 3,483.0 998.0 1,711.0
Total Cash & ST Investments 1,535.0 621.0 551.0 3,483.0 998.0 1,711.0

Accounts Receivable 1,432.0 1,635.0 1,733.0 2,227.0 2,201.0 2,583.0

Total Receivables 1,432.0 1,635.0 1,733.0 2,227.0 2,201.0 2,583.0

Prepaid Exp. 333.0 299.0 446.0 761.0 707.0 388.0

Other Current Assets - - - - - -
Total Current Assets 3,300.0 2,555.0 2,730.0 6,471.0 3,906.0 4,682.0

Gross Property, Plant & Equipment 44,066.0 51,965.0 58,201.0 63,339.0 67,210.0 68,014.0
Accumulated Depreciation (11,103.0) (18,077.0) (23,075.0) (27,656.0) (31,639.0) (32,520.0)
Net Property, Plant & Equipment 32,963.0 33,888.0 35,126.0 35,683.0 35,571.0 35,494.0

Long-term Investments 530.0 497.0 476.0 330.0 313.0 -

Goodwill 29,509.0 29,554.0 29,554.0 29,554.0 29,554.0 29,554.0
Other Intangibles 82,574.0 79,959.0 77,360.0 75,217.0 73,821.0 72,974.0
Accounts Receivable Long-Term - - - - - 173.0
Deferred Charges, LT - - 415.0 427.0 458.0 -
Other Long-Term Assets 191.0 170.0 469.0 506.0 583.0 1,149.0
Total Assets 149,067.0 146,623.0 146,130.0 148,188.0 144,206.0 144,026.0

LIABILITIES
Accounts Payable 454.0 740.0 758.0 786.0 763.0 704.0
Accrued Exp. 2,916.0 3,104.0 3,087.0 2,947.0 3,249.0 3,291.0
Curr. Port. of LT Debt 2,028.0 2,045.0 3,290.0 3,500.0 1,008.0 1,002.0
Curr. Port. of Leases - - - 214.0 235.0 258.0
Curr. Income Taxes Payable 538.0 556.0 526.0 537.0 555.0 614.0
Unearned Revenue, Current 352.0 395.0 494.0 460.0 436.0 501.0
Other Current Liabilities 3,284.0 4,250.0 3,940.0 3,941.0 3,629.0 3,668.0
Total Current Liabilities 9,572.0 11,090.0 12,095.0 12,385.0 9,875.0 10,038.0

Long-Term Debt 59,719.0 68,186.0 69,537.0 75,578.0 81,744.0 86,962.0

Long-Term Leases - - - 1,041.0 1,173.0 1,230.0
Unearned Revenue, Non-Current - - 34.0 34.0 35.0 -
Def. Tax Liability, Non-Curr. 26,665.0 17,314.0 17,389.0 17,711.0 18,108.0 18,678.0
Other Non-Current Liabilities 2,745.0 2,502.0 2,803.0 2,628.0 2,990.0 3,032.0
Total Liabilities 98,701.0 99,092.0 101,858.0 109,377.0 113,925.0 119,940.0

Common Stock - - - - - -
Additional Paid In Capital 39,413.0 35,253.0 33,507.0 31,405.0 29,000.0 29,878.0
Retained Earnings 733.0 3,832.0 2,780.0 40.0 (5,195.0) (3,368.0)
Treasury Stock - - - - - (7,168.0)
Comprehensive Inc. and Other (7.0) (1.0) (2.0) - - -
Total Common Equity 40,139.0 39,084.0 36,285.0 31,445.0 23,805.0 19,342.0

Minority Interest 10,227.0 8,447.0 7,987.0 7,366.0 6,476.0 4,744.0

Total Equity 50,366.0 47,531.0 44,272.0 38,811.0 30,281.0 24,086.0

Total Liabilities And Equity 149,067.0 146,623.0 146,130.0 148,188.0 144,206.0 144,026.0

Supplemental Items
Total Shares Out. on Filing Date 268.9 238.5 225.4 210.0 193.7 183.8
Total Shares Out. on Balance Sheet Date 268.9 238.5 225.4 210.0 193.7 183.8
Book Value/Share $149.27 $163.87 $161.01 $149.76 $122.88 $105.22
Tangible Book Value (71,944.0) (70,429.0) (70,629.0) (73,326.0) (79,570.0) (83,186.0)
Tangible Book Value/Share ($267.55) ($295.29) ($313.41) ($349.21) ($410.72) ($452.54)
Total Debt 61,747.0 70,231.0 72,827.0 80,333.0 84,160.0 89,452.0
Net Debt 60,212.0 69,610.0 72,276.0 76,850.0 83,162.0 87,741.0
Debt Equiv. of Unfunded Proj. Benefit Obligation 314.0 296.0 98.0 163.0 226.0 NA
Debt Equivalent Oper. Leases 2,640.0 1,336.0 1,368.0 5,000.0 5,152.0 NA
Total Minority Interest 10,227.0 8,447.0 7,987.0 7,366.0 6,476.0 4,744.0
Equity Method Investments 519.0 482.0 454.0 309.0 294.0 NA
Inventory Method NA NA NA NA NA NA
Buildings 3,426.0 3,901.0 4,360.0 4,843.0 5,396.0 NA
Machinery 40,640.0 48,064.0 53,841.0 57,404.0 60,600.0 NA
Full Time Employees 91,500 94,800 98,000 95,100 96,100 NA
Accum. Allowance for Doubtful Accts 124.0 113.0 129.0 151.0 194.0 193.0
Filing Date Jan-31-2019 Jan-31-2020 Jan-29-2021 Jan-29-2021 Jan-29-2021 Jul-30-2021
Restatement Type NC NC NC NC O O
Calculation Type RUP RUP RUP REP REP REP

Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Charter Communications, Inc. (NasdaqGS:CHTR) > Financials > Cash Flow
In Millions of the reported currency,
except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (De Decimals: Capital IQ (Default)
Source: Capital IQ & Propr

Cash Flow
Restated
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months
Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020

Net Income 3,522.0 9,895.0 1,230.0 1,668.0 3,222.0

Depreciation & Amort. 5,007.0 7,888.0 7,918.0 7,726.0 7,804.0
Amort. of Goodwill and Intangibles 1,900.0 2,700.0 2,400.0 2,200.0 1,900.0
Depreciation & Amort., Total 6,907.0 10,588.0 10,318.0 9,926.0 9,704.0

Stock-Based Compensation 492.0 310.0 285.0 315.0 351.0

Other Operating Activities (3,860.0) (9,280.0) 177.0 844.0 1,092.0
Change in Acc. Receivable (160.0) (84.0) (98.0) (505.0) 26.0
Change in Acc. Payable 1,029.0 449.0 125.0 (103.0) 291.0
Change in Other Net Operating Assets 111.0 76.0 (270.0) (397.0) (124.0)
Cash from Ops. 8,041.0 11,954.0 11,767.0 11,748.0 14,562.0

Capital Expenditure (5,325.0) (8,681.0) (9,125.0) (7,195.0) (7,415.0)

Cash Acquisitions (28,810.0) - - - -
Sale (Purchase) of Real Estate properties - (105.0) (21.0) (148.0) (183.0)
Sale (Purchase) of Intangible assets - - - - (464.0)
Other Investing Activities 581.0 688.0 (590.0) 12.0 (95.0)
Cash from Investing (33,554.0) (8,098.0) (9,736.0) (7,331.0) (8,157.0)

Short Term Debt Issued - - - - -

Long-Term Debt Issued 12,344.0 25,276.0 14,162.0 19,685.0 15,876.0
Total Debt Issued 12,344.0 25,276.0 14,162.0 19,685.0 15,876.0
Short Term Debt Repaid - - - - -
Long-Term Debt Repaid (10,521.0) (16,507.0) (10,769.0) (13,309.0) (12,094.0)
Total Debt Repaid (10,521.0) (16,507.0) (10,769.0) (13,309.0) (12,094.0)

Issuance of Common Stock 5,086.0 116.0 69.0 118.0 207.0

Repurchase of Common Stock (1,562.0) (11,715.0) (4,399.0) (6,873.0) (11,217.0)

Total Dividends Paid - - - - -

Special Dividend Paid - - - - -

Other Financing Activities (568.0) (1,940.0) (950.0) (1,254.0) (1,725.0)
 Cash from Financing 4,779.0 (4,770.0) (1,887.0) (1,633.0) (8,953.0)

Net Change in Cash (20,734.0) (914.0) 144.0 2,784.0 (2,548.0)

Supplemental Items
Cash Interest Paid 2,685.0 3,421.0 3,865.0 3,963.0 3,866.0
Cash Taxes Paid 63.0 41.0 45.0 71.0 123.0
Levered Free Cash Flow 6,949.8 4,400.9 2,310.5 3,820.5 5,060.1
Unlevered Free Cash Flow 8,511.6 6,332.1 4,523.0 6,193.6 7,465.1
Change in Net Working Capital (4,147.0) (1,332.0) 485.0 943.0 (41.0)
Net Debt Issued 1,823.0 8,769.0 3,393.0 6,376.0 3,782.0
Filing Date Jan-31-2019 Jan-31-2020 Jan-29-2021 Jan-29-2021 Jan-29-2021
Restatement Type RS NC NC NC O
Calculation Type REP REP REP REP REP