Stock Analysis on Net
Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

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, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable, trade 0.59 0.63 0.66 0.51 0.53
Deferred revenue 0.30 0.35 0.35 0.32 0.30
Programming costs 1.05 1.18 1.32 1.43 1.35
Labor 0.91 0.87 0.91 0.92 0.95
Capital expenditures 1.94 1.32 1.24 0.90 0.85
Interest 0.81 0.90 0.81 0.77 0.75
Taxes and regulatory fees 0.43 0.46 0.46 0.42 0.38
Short-term borrowings 0.51 0.29 0.00 0.00 0.00
Other 1.26 1.61 1.55 1.38 1.03
Accrued and other current liabilities 6.90% 6.64% 6.29% 5.81% 5.32%
Accounts payable, accrued and other current liabilities 7.79% 7.62% 7.30% 6.64% 6.15%
Current portion of long-term debt 1.20 1.36 1.04 2.10 0.70
Current liabilities 8.99% 8.98% 8.35% 8.74% 6.85%
Long-term debt, less current portion 61.41 65.07 66.49 62.15 56.69
Equipment installment plan financing facility 0.71 0.00 0.00 0.00 0.00
Deferred income taxes 12.56 12.88 13.19 13.40 12.56
Other long-term liabilities 3.18 3.08 3.29 2.96 2.91
Long-term liabilities 77.87% 81.02% 82.97% 78.52% 72.15%
Total liabilities 86.86% 90.00% 91.32% 87.26% 79.00%
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 15.56 15.86 16.56 18.76 20.11
Accumulated deficit -5.17 -8.33 -10.26 -8.90 -3.60
Accumulated other comprehensive loss 0.00 0.00 0.00 0.00 0.00
Total Charter shareholders’ equity 10.39% 7.53% 6.31% 9.86% 16.51%
Noncontrolling interests 2.75 2.47 2.37 2.88 4.49
Total shareholders’ equity 13.14% 10.00% 8.68% 12.74% 21.00%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 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).

Accounts payable, trade
The proportion of accounts payable relative to total liabilities and shareholders' equity shows minor fluctuations, decreasing slightly from 0.53% in 2020 to 0.51% in 2021, rising to 0.66% in 2022, then trending downward to 0.59% by 2024, indicating relative stability with minor volatility.
Deferred revenue
This category exhibits a gradual increase from 0.30% in 2020 to 0.35% in 2022 and 2023, before reducing back to 0.30% in 2024, suggesting a peaked recognition of deferred revenue during intermediate years followed by normalization.
Programming costs
Programming costs steadily declined as a percentage of total liabilities and shareholders' equity, dropping from 1.35% in 2020 to 1.05% in 2024, reflecting a decreasing relative cost burden or a shift in expenditure priorities over the five-year span.
Labor
Labor costs remained relatively consistent, with a slight decline from 0.95% in 2020 to 0.87% in 2023, then a minor increase to 0.91% in 2024, illustrating stable labor-related expenses in relation to total liabilities and equity.
Capital expenditures
Capital expenditures showed a pronounced growth trend, increasing from 0.85% in 2020 to 1.94% in 2024, more than doubling over the period. This increase suggests significant investment in fixed assets or infrastructure enhancements.
Interest
Interest costs rose progressively from 0.75% in 2020 to a peak of 0.90% in 2023 before decreasing to 0.81% in 2024, indicating a peak in financing costs followed by some relief in the latest year.
Taxes and regulatory fees
These expenses demonstrated a modest upward trend from 0.38% in 2020 to 0.46% in 2022 and 2023, with a slight reduction to 0.43% in 2024, suggesting relatively stable but slightly increasing regulatory cost pressures.
Short-term borrowings
Short-term borrowings were nil through 2022, appearing first at 0.29% in 2023 and increasing to 0.51% in 2024, indicating a new reliance on short-term debt financing starting in the last two years observed.
Other operational costs
Other costs as a percentage of total liabilities and equity increased from 1.03% in 2020 to a high of 1.61% in 2023 before dropping back to 1.26% in 2024, showing volatility in miscellaneous expense categories.
Accrued and other current liabilities
These liabilities grew steadily from 5.32% in 2020 to 6.90% in 2024, reflecting increasing short-term obligations tied to operations or expenses.
Combined accounts payable, accrued, and current liabilities
The aggregate of these current liabilities rose from 6.15% in 2020 to 7.79% in 2024, marking a clear upward trend in short-term liabilities relative to the overall capital structure.
Current portion of long-term debt
There was a notable increase from 0.70% in 2020 to 2.10% in 2021, followed by a decline to 1.20% in 2024, indicating fluctuations in debt maturity profiles and near-term repayment obligations.
Current liabilities
Current liabilities as a total component rose significantly from 6.85% in 2020 to 8.99% in 2024, confirming increased short-term financial commitments.
Long-term debt, less current portion
Long-term debt showed a rising trend from 56.69% in 2020, peaking at 66.49% in 2022, and then declining to 61.41% in 2024, suggesting debt amortization or refinancing efforts reducing leverage slightly after a peak.
Equipment installment plan financing facility
This financing facility emerges in 2024 at 0.71%, indicating a new financing source linked to equipment acquisition.
Deferred income taxes
Deferred income taxes fluctuated modestly around the 12.5% to 13.4% range, peaking in 2021 at 13.4% and slowly retreating to 12.56% in 2024, showing stable tax deferral positions.
Other long-term liabilities
These liabilities increased slightly from 2.91% in 2020 to 3.29% in 2022, then declined marginally by 2023 and 2024, reflecting stable to slightly increasing other long-term financial obligations.
Long-term liabilities (aggregate)
Long-term liabilities rose from 72.15% in 2020, peaking at 82.97% in 2022, before decreasing to 77.87% in 2024. This pattern indicates an accumulation of long-term debt and obligations with some deleveraging later in the period.
Total liabilities
Total liabilities increased from 79% in 2020 to a high of 91.32% in 2022, then decreased to 86.86% in 2024. This depicts an elevated leverage position with partial reduction in liabilities towards the end of the period analyzed.
Additional paid-in capital
Additional paid-in capital progressively decreased from 20.11% in 2020 to 15.56% in 2024, indicating reduced capital contributions or equity injections relative to total liabilities and shareholders’ equity.
Accumulated deficit
Accumulated deficits worsened from -3.6% in 2020 to -10.26% in 2022, then improved to -5.17% in 2024. This suggests periods of losses or negative retained earnings with a notable recovery in the most recent years.
Total Charter shareholders’ equity
This component declined sharply from 16.51% in 2020 to 6.31% in 2022, before rebounding to 10.39% in 2024, indicating equity value reduction followed by partial restoration or improved profitability.
Noncontrolling interests
Noncontrolling interests decreased from 4.49% in 2020 to 2.37% in 2022 and then slightly increased to 2.75% in 2024, implying reduced minority stake proportions with a mild recovery.
Total shareholders’ equity
Total shareholders’ equity saw a notable decline from 21% in 2020 to 8.68% in 2022, then an increase to 13.14% in 2024, reflecting a contraction in equity value that partially reversed by the end of the period.
Overall capital structure
The total of liabilities and shareholders' equity remains constant at 100%, serving as the denominator for relative proportions. The data highlights a trend toward increased leverage from 2020 to 2022, mostly through rising liabilities, particularly long-term debt, followed by gradual improvements in equity balances and slight deleveraging by 2024.