Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Charter Communications Inc., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020		Dec 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
	Franchises
	Goodwill
	Investment in cable properties, net
	Other noncurrent assets
	Noncurrent assets
	Total assets

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).

The financial data over the five-year period exhibits several notable trends and patterns in the company’s asset composition and valuation.

Cash and Cash Equivalents: There is a significant decline from 2019 to 2021, dropping from $3,483 million to $601 million, followed by a gradual recovery to $709 million in 2023. This pattern suggests a substantial reduction in liquid assets initially, with a modest rebuilding phase in the subsequent years.
Accounts Receivable, Net: This item shows a consistent upward trend, increasing from $2,227 million in 2019 to $2,965 million in 2023. The steady rise could indicate growing sales or expanded credit terms extended to customers, impacting working capital.
Prepaid Expenses and Other Current Assets: After a slight decrease from $761 million in 2019 to $386 million in 2021, this metric has experienced a moderate recovery to $458 million by 2023. The initial decline may reflect cost control measures or asset reclassification, with stabilization apparent in recent years.
Current Assets: The total current assets decreased sharply from $6,471 million in 2019 to $3,566 million in 2021, followed by a recovery trend up to $4,132 million in 2023. This movement aligns with changes observed in cash, receivables, and prepaid expenses, highlighting fluctuations in short-term liquidity.
Restricted Cash: Restricted cash holdings were minimal and declined from $66 million in 2019 to $3 million in 2020, with data unavailable for subsequent years, indicating a potential divestiture or reclassification of these assets.
Property, Plant, and Equipment, Net: The net value of property, plant, and equipment remained relatively stable between 2019 and 2021, hovering around $34,300 million, then increased notably to $39,520 million by 2023, suggesting significant capital investment during the later years.
Customer Relationships, Net: This asset experienced a consistent and substantial decline from $7,453 million in 2019 to $1,745 million in 2023. The trend may reflect amortization of intangible assets or divestitures impacting customer-related goodwill.
Franchises: The value of franchises has remained remarkably stable, with a slight increase from $67,322 million in 2019 to $67,396 million in 2023, indicating no significant impairment or additions.
Goodwill: Goodwill values stayed almost unchanged over the period, ranging narrowly from $29,554 million to $29,668 million, suggesting no major acquisitions or impairments.
Investment in Cable Properties, Net: Investment in cable properties showed a decline from $138,920 million in 2019 to $135,278 million in 2021, with a subsequent recovery to $138,329 million in 2023. This pattern implies reinvestment efforts or asset value adjustments.
Other Noncurrent Assets: Other noncurrent assets increased from $2,731 million in 2019 to $4,732 million in 2023, reflecting potential new long-term investments or reclassifications enhancing asset diversification.
Noncurrent Assets: Noncurrent assets decreased slightly from $141,717 million in 2019 to $138,925 million in 2021, then increased to $143,061 million by 2023, indicating a combination of depreciation, amortization, and new investments over time.
Total Assets: The total assets declined from $148,188 million in 2019 to $142,491 million in 2021, followed by an upward movement back to $147,193 million in 2023. This reflects the general pattern of asset base contraction and recovery, consistent with individual asset category trends.

Assets: Selected Items

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Current Assets: Selected Items