Stock Analysis on Net
Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 2, 2024.

Common-Size Balance Sheet: Assets
Quarterly Data

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Charter Communications Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents
Accounts receivable, less allowance for doubtful accounts
Prepaid expenses and other current assets
Current assets
Restricted cash
Property, plant and equipment, net of accumulated depreciation
Customer relationships, net of accumulated amortization
Franchises
Goodwill
Investment in cable properties, net
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash and Cash Equivalents
This item exhibited fluctuations over the observed quarters, generally remaining below 2% of total assets. There were occasional spikes, such as 2.35% in December 2019 and 1.98% in March 2020, followed by a decline. From early 2022 onward, the percentage stabilized around 0.3% to 0.5%, indicating a relatively modest holding of liquid cash relative to total assets.
Accounts Receivable, Less Allowance for Doubtful Accounts
A generally upward trend is evident, starting at 1.07% of total assets in March 2019 and increasing steadily to just above 2% by the end of 2023. This suggests a rising proportion of receivables which may reflect increasing sales on credit or extended customer payment terms.
Prepaid Expenses and Other Current Assets
The proportion of prepaid expenses and other current assets fluctuated within a narrow range, mostly between 0.27% and 0.52%. There was a slight decline from 2019 levels, with a notable dip in late 2020 and early 2021, followed by moderate recovery but remaining below initial levels.
Current Assets
Current assets as a whole showed variability, peaking at 4.37% of total assets in December 2019, then declining significantly through 2020 to below 3%. From 2021 onward, these assets stabilized around 2.5% to 2.8%, suggesting a shift toward a lower proportion of short-term assets relative to total assets over time.
Restricted Cash
The data shows a decreasing trend, starting at 0.12% in early 2019 and reaching zero by mid-2020, with no values reported thereafter. This indicates the elimination or reclassification of restricted cash in subsequent periods.
Property, Plant and Equipment (Net)
This asset class demonstrated a gradual increase from approximately 23.67% of total assets in early 2019 to 26.85% by the end of 2023. This steady growth implies continued investment or capital expenditure in physical assets over time.
Customer Relationships (Net of Amortization)
There was a consistent decline in this intangible asset from 6.11% of total assets in March 2019 to 1.19% by the end of 2023. The steady decrease reflects ongoing amortization without equivalent new acquisitions or substantial increase in customer relationship intangibles.
Franchises
Franchises constituted the largest portion of total assets, remaining relatively stable around the mid-40% range. Minor fluctuations occurred, with values ranging from approximately 45.4% to 47.3%. This constancy indicates a significant and enduring franchise asset base underlying the company.
Goodwill
Goodwill remained steady, accounting for roughly 20% of total assets throughout the period. Slight fluctuations were observed but no major changes, suggesting no significant impairments or additions to goodwill.
Investment in Cable Properties (Net)
This category represented the overwhelming majority of total assets, remaining consistently above 93% across the entire timeframe. Minor fluctuations within this high percentage confirm that cable property investments are the core asset focus.
Other Noncurrent Assets
A moderate upward trend from 1.77% of total assets in early 2019 to a peak of approximately 3.42% in 2022 was noted, with stabilization near 3.2%-3.3% beyond that. This suggests gradual accumulation or reclassification of other assets over time.
Noncurrent Assets
Noncurrent assets composed the vast majority of total assets, maintaining levels around 95% to 97.5%. This reflects the company’s asset structure being heavily weighted toward long-term investments and physical/intangible assets rather than current or liquid assets.
Total Assets
By definition, total assets always summed to 100%. The distribution within total assets reveals a stable asset structure dominated by long-term investments with limited short-term asset presence.