$CHTRP

CHARTER COMMUNICATIONS INC /MO/

CIK:0001091667|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
REVENUES	$ 13,526	$ 13,766	$ 27,123	$ 27,501
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	8,215	8,230	16,378	16,424
Depreciation and amortization	2,197	2,176	4,408	4,357
Other operating expenses, net	51	81	66	204
Total costs and expenses	10,463	10,487	20,852	20,985
Income from operations	3,063	3,279	6,271	6,516
OTHER INCOME (EXPENSES):
Interest expense, net	(1,276)	(1,263)	(2,532)	(2,504)
Other income (expenses), net	212	(107)	88	(249)
Total other income (expenses), net	(1,064)	(1,370)	(2,444)	(2,753)
Income before income taxes	1,999	1,909	3,827	3,763
Income tax expense	(475)	(414)	(940)	(859)
Consolidated net income	1,524	1,495	2,887	2,904
Less: Net income attributable to noncontrolling interests	(232)	(194)	(432)	(386)
Net income attributable to Charter shareholders	$ 1,292	$ 1,301	$ 2,455	$ 2,518
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHARTER SHAREHOLDERS:
Basic (dollars per share)	$ 10.76	$ 9.41	$ 20.00	$ 18.00
Diluted (dollars per share)	$ 10.66	$ 9.18	$ 19.81	$ 17.59
Weighted average common shares outstanding, basic (shares)	120,121,017	138,205,810	122,789,924	139,889,251
Weighted average common shares outstanding, diluted (shares)	121,255,667	141,684,415	123,969,262	143,098,493

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 2,887	$ 2,904
Adjustments to reconcile consolidated net income to net cash flows from operating activities:
Depreciation and amortization	4,408	4,357
Stock compensation expense	341	379
Noncash interest, net	12	15
Deferred income taxes	417	(80)
Other, net	(86)	350
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable	(136)	(286)
Prepaid expenses and other assets	4	(169)
Accounts payable, accrued liabilities and other	382	366
Net cash flows from operating activities	8,229	7,836
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(5,726)	(5,273)
Change in accrued expenses related to capital expenditures	(162)	47
Other, net	(285)	(199)
Net cash flows from investing activities	(6,173)	(5,425)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	11,610	5,116
Borrowings of equipment installment plan financing facility	148	233
Repayments of long-term debt	(12,108)	(4,793)
Payments for debt issuance costs	(30)	(1)
Purchase of treasury stock	(1,878)	(2,253)
Proceeds from exercise of stock options	13	19
Purchase of noncontrolling interest	0	(252)
Distributions to noncontrolling interest	(22)	(124)
Other, net	212	(213)
Net cash flows from financing activities	(2,055)	(2,268)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	1	143
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	598	506
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	599	649
CASH PAID FOR INTEREST	2,506	2,439
Restricted cash	$ 90	$ 43

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 509	$ 477
Accounts receivable, less allowance for doubtful accounts of $238 and $219, respectively	3,651	3,680
Prepaid expenses and other current assets	813	987
Total current assets	4,973	5,144
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated depreciation of $41,990 and $41,514, respectively	47,955	46,444
Customer relationships, net of accumulated amortization of $18,078 and $17,875, respectively	238	440
Franchises	67,471	67,471
Goodwill	29,710	29,710
Total investment in cable properties, net	145,374	144,065
OTHER NONCURRENT ASSETS	5,271	5,004
Total assets	155,618	154,213
CURRENT LIABILITIES:
Accounts payable, accrued and other current liabilities	12,779	12,556
Current portion of long-term debt	999	750
Total current liabilities	13,778	13,306
LONG-TERM DEBT	92,960	94,006
EQUIPMENT INSTALLMENT PLAN FINANCING FACILITY	1,596	1,447
DEFERRED INCOME TAXES	20,237	19,841
OTHER LONG-TERM LIABILITIES	5,146	5,094
Preferred stock; $0.001 par value; 250 million shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	21,765	21,447
Accumulated deficit	(2,938)	(5,393)
Treasury stock at cost; 10,324,746 and no shares, respectively	(1,875)	0
Total Charter shareholders’ equity	16,952	16,054
Noncontrolling interests	4,949	4,465
Total shareholders’ equity	21,901	20,519
Total liabilities and shareholders’ equity	155,618	154,213
Class A Common Stock
Common stock	0	0
Class B Common Stock
Common stock	$ 0	$ 0