Stock Analysis on Net
Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Charter Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable, trade 0.63 0.66 0.51 0.53 0.53
Deferred revenue 0.35 0.35 0.32 0.30 0.31
Programming costs 1.18 1.32 1.43 1.35 1.38
Labor 0.87 0.91 0.92 0.95 0.69
Capital expenditures 1.32 1.24 0.90 0.85 0.97
Interest 0.90 0.81 0.77 0.75 0.71
Taxes and regulatory fees 0.46 0.46 0.42 0.38 0.36
Other 1.90 1.55 1.38 1.03 1.04
Accrued and other current liabilities 6.64% 6.29% 5.81% 5.32% 5.15%
Accounts payable and accrued liabilities 7.62% 7.30% 6.64% 6.15% 6.00%
Current portion of long-term debt 1.36 1.04 2.10 0.70 2.36
Current liabilities 8.98% 8.35% 8.74% 6.85% 8.36%
Long-term debt, less current portion 65.07 66.49 62.15 56.69 51.00
Deferred income taxes 12.88 13.19 13.40 12.56 11.95
Other long-term liabilities 3.08 3.29 2.96 2.91 2.50
Long-term liabilities 81.02% 82.97% 78.52% 72.15% 65.45%
Total liabilities 90.00% 91.32% 87.26% 79.00% 73.81%
Class A common stock; $.001 par value 0.00 0.00 0.00 0.00 0.00
Class B common stock; $.001 par value 0.00 0.00 0.00 0.00 0.00
Preferred stock; $.001 par value; no shares issued and outstanding 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 15.86 16.56 18.76 20.11 21.19
Retained earnings (accumulated deficit) -8.33 -10.26 -8.90 -3.60 0.03
Accumulated other comprehensive loss 0.00 0.00 0.00 0.00 0.00
Total Charter shareholders’ equity 7.53% 6.31% 9.86% 16.51% 21.22%
Noncontrolling interests 2.47 2.37 2.88 4.49 4.97
Total shareholders’ equity 10.00% 8.68% 12.74% 21.00% 26.19%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liabilities Overview
The total liabilities increased significantly from 73.81% in 2019 to a peak of 91.32% in 2022, before slightly decreasing to 90% in 2023, indicating a growing reliance on liabilities for financing the company’s operations. Long-term liabilities specifically showed a steady rise over the years, moving from 65.45% in 2019 to a high of 82.97% in 2022, then marginally declining to 81.02% in 2023. This suggests the company has been increasingly leveraging long-term debt.
Current Liabilities and Their Components
Current liabilities as a portion of total liabilities and equity fluctuated modestly, starting at 8.36% in 2019, dropping to 6.85% in 2020, then increasing again to 8.98% in 2023. Accounts payable and accrued liabilities within current liabilities rose from 6% in 2019 to 7.62% in 2023, reflecting growing short-term obligations. The current portion of long-term debt exhibited volatility, declining sharply from 2.36% in 2019 to 0.7% in 2020, rebounding to 2.1% in 2021, and then stabilizing near 1.3% in the last two years.
Costs and Expense Items
Programming costs, measured as a percentage of total liabilities and shareholders’ equity, slightly decreased overall, from 1.38% in 2019 to 1.18% in 2023, after peaking at 1.43% in 2021. Labor expenses increased considerably from 0.69% in 2019 to a peak of 0.95% in 2020, then showed a gradual decline reaching 0.87% in 2023. Interest expenses rose consistently from 0.71% in 2019 to 0.9% in 2023, aligning with the increasing long-term debt levels. Taxes and regulatory fees demonstrated a steady increase, rising from 0.36% in 2019 to 0.46% in 2022 and stabilized at that level in 2023. Other expenses increased markedly from 1.04% in 2019 to 1.9% in 2023, suggesting a diversification or rise in miscellaneous costs.
Capital Expenditures
Capital expenditures showed an upward trend, initially decreasing from 0.97% in 2019 to 0.85% in 2020, then increasing steadily to 1.32% by 2023, which may indicate greater investment in fixed assets or infrastructure in recent years.
Deferred Revenue and Deferred Income Taxes
Deferred revenue experienced a gradual increase from 0.31% in 2019 to 0.35% in 2022 and remained stable into 2023. Deferred income taxes similarly increased from 11.95% in 2019 to a peak of 13.4% in 2021, then showed a slight decline to 12.88% in 2023, indicating changes in tax obligations or timing differences in income recognition.
Equity Components
Total shareholders’ equity, as a percentage of total liabilities and equity, showed a continuous decline from 26.19% in 2019 to 8.68% in 2022, then a modest recovery to 10% in 2023. This downward trend is largely driven by significant decreases in retained earnings, which moved from a small positive (0.03%) in 2019 to a deep negative of -10.26% in 2022, improving slightly to -8.33% in 2023. Additional paid-in capital also decreased steadily from 21.19% in 2019 to 15.86% in 2023. Noncontrolling interests declined from 4.97% to 2.37% in 2022, before marginally increasing to 2.47% in 2023.
Summary of Trends
The data indicates an increasing reliance on liabilities, especially long-term debt, to finance operations, alongside a substantial reduction in equity contributions and retained earnings. Costs related to interest and other expenses have risen in alignment with higher debt levels. Although capital expenditures have increased recently, potentially signaling growth initiatives, the overall shrinkage in equity raises concerns about financial stability. The stabilization of total liabilities and equity proportions in the most recent year suggests the company may be working toward balancing its financial structure, yet the diminished equity base remains notable.