Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Charter Communications Inc., adjusted current assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current assets |
3,906 | 6,471 | 2,730 | 2,555 | 3,300 |
|
Adjustments |
|
|
Add: Allowance for doubtful accounts |
194 | 151 | 129 | 113 | 124 |
|
After Adjustment |
|
|
Adjusted current assets |
4,100 |
6,622 |
2,859 |
2,668 |
3,424 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
Adjustments to Total Assets
Charter Communications Inc., adjusted total assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total assets |
144,206 | 148,188 | 146,130 | 146,623 | 149,067 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | — | 1,299 | 1,210 | 1,058 |
|
|
Add: Allowance for doubtful accounts |
194 | 151 | 129 | 113 | 124 |
|
After Adjustment |
|
|
Adjusted total assets |
144,400 |
148,339 |
147,558 |
147,946 |
150,249 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
Adjustments to Current Liabilities
Charter Communications Inc., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current liabilities |
9,875 | 12,385 | 12,095 | 11,090 | 9,572 |
|
Adjustments |
|
|
Less: Current deferred revenue |
436 | 460 | 494 | 395 | 352 |
|
After Adjustment |
|
|
Adjusted current liabilities |
9,439 |
11,925 |
11,601 |
10,695 |
9,220 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
Adjustments to Total Liabilities
Charter Communications Inc., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total liabilities |
113,925 | 109,377 | 101,858 | 99,092 | 98,701 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 1,299 | 1,210 | 1,058 |
|
|
Less: Deferred tax liabilities2 |
18,108 | 17,711 | 17,389 | 17,314 | 26,665 |
|
|
Less: Deferred revenue |
471 | 494 | 528 | 395 | 352 |
|
After Adjustment |
|
|
Adjusted total liabilities |
95,346 |
91,172 |
85,240 |
82,593 |
72,742 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
Adjustments to Stockholders’ Equity
Charter Communications Inc., adjusted total Charter shareholders’ equity
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total Charter shareholders’ equity |
23,805 | 31,445 | 36,285 | 39,084 | 40,139 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
(18,108) | (17,711) | (17,389) | (17,314) | (26,665) |
|
|
Add: Allowance for doubtful accounts |
194 | 151 | 129 | 113 | 124 |
|
|
Add: Deferred revenue |
471 | 494 | 528 | 395 | 352 |
|
|
Add: Noncontrolling interests |
6,476 | 7,366 | 7,987 | 8,447 | 10,227 |
|
After Adjustment |
|
|
Adjusted total shareholders’ equity |
49,054 |
57,167 |
62,318 |
65,353 |
77,507 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
Adjustments to Capitalization Table
Charter Communications Inc., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current portion of long-term debt |
1,008 | 3,500 | 3,290 | 2,045 | 2,028 |
|
|
Long-term debt, less current portion |
81,744 | 75,578 | 69,537 | 68,186 | 59,719 |
|
|
Total reported debt |
82,752 |
79,078 |
72,827 |
70,231 |
61,747 |
|
|
Total Charter shareholders’ equity |
23,805 | 31,445 | 36,285 | 39,084 | 40,139 |
|
|
Total reported capital |
106,557 |
110,523 |
109,112 |
109,315 |
101,886 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 1,299 | 1,210 | 1,058 |
|
|
Add: Operating lease liabilities, current portion2 |
235 | 214 | — | — | — |
|
|
Add: Operating lease liabilities, long-term portion (included within Other long-term liabilities)3 |
1,110 | 979 | — | — | — |
|
|
Adjusted total debt |
84,097 |
80,271 |
74,126 |
71,441 |
62,805 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)4 |
(18,108) | (17,711) | (17,389) | (17,314) | (26,665) |
|
|
Add: Allowance for doubtful accounts |
194 | 151 | 129 | 113 | 124 |
|
|
Add: Deferred revenue |
471 | 494 | 528 | 395 | 352 |
|
|
Add: Noncontrolling interests |
6,476 | 7,366 | 7,987 | 8,447 | 10,227 |
|
|
Adjusted total shareholders’ equity |
49,054 |
57,167 |
62,318 |
65,353 |
77,507 |
|
After Adjustment |
|
|
Adjusted total capital |
133,151 |
137,438 |
136,444 |
136,794 |
140,312 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Operating lease liabilities, current portion. See details »
3 Operating lease liabilities, long-term portion (included within Other long-term liabilities). See details »
4 Net deferred tax assets (liabilities). See details »
Adjustments to Revenues
Charter Communications Inc., adjusted revenues
US$ in millions
|
12 months ended: |
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Revenues |
48,097 | 45,764 | 43,634 | 41,581 | 29,003 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
(23) | (34) | 99 | 43 | 256 |
|
After Adjustment |
|
|
Adjusted revenues |
48,074 |
45,730 |
43,733 |
41,624 |
29,259 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
Adjustments to Reported Income
Charter Communications Inc., adjusted net income attributable to Charter shareholders
US$ in millions
|
12 months ended: |
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Net income attributable to Charter shareholders |
3,222 | 1,668 | 1,230 | 9,895 | 3,522 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
465 | 320 | 110 | (9,116) | (2,958) |
|
|
Add: Increase (decrease) in allowance for doubtful accounts |
43 | 22 | 16 | (11) | 103 |
|
|
Add: Increase (decrease) in deferred revenue |
(23) | (34) | 99 | 43 | 256 |
|
|
Add: Consolidated other comprehensive income (loss) |
— | 2 | (1) | 6 | 6 |
|
|
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest |
454 | 324 | 276 | 220 | 223 |
|
After Adjustment |
|
|
Adjusted consolidated net income |
4,161 |
2,302 |
1,730 |
1,037 |
1,152 |
Based on:
10-K (filing date: 2021-01-29),
10-K (filing date: 2020-01-31),
10-K (filing date: 2019-01-31),
10-K (filing date: 2018-02-02),
10-K (filing date: 2017-02-16).
