Balance Sheet: Assets
Quarterly Data

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.

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

US$ in millions

	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	709)	571)	478)	534)	645)	480)	483)	2,431)	601)	466)	1,711)	772)	998)	1,283)	2,097)	2,908)	3,483)	508)	696)	1,451)
Accounts receivable, less allowance for doubtful accounts	2,965)	2,932)	2,864)	2,851)	2,921)	2,841)	2,779)	2,530)	2,579)	2,645)	2,583)	2,395)	2,201)	2,068)	1,994)	2,091)	2,227)	2,284)	2,070)	1,578)
Prepaid expenses and other current assets	458)	613)	587)	682)	451)	433)	476)	555)	386)	387)	388)	496)	707)	709)	674)	760)	761)	596)	574)	722)
Current assets	4,132)	4,116)	3,929)	4,067)	4,017)	3,754)	3,738)	5,516)	3,566)	3,498)	4,682)	3,663)	3,906)	4,060)	4,765)	5,759)	6,471)	3,388)	3,340)	3,751)
Restricted cash	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	3)	3)	5)	28)	66)	89)	150)	175)
Property, plant and equipment, net of accumulated depreciation	39,520)	38,617)	37,546)	36,602)	36,039)	35,005)	34,472)	34,173)	34,310)	34,179)	34,206)	34,184)	34,357)	34,196)	34,074)	34,096)	34,591)	34,218)	34,475)	34,859)
Customer relationships, net of accumulated amortization	1,745)	1,983)	2,222)	2,479)	2,772)	3,073)	3,373)	3,699)	4,060)	4,419)	4,787)	5,185)	5,615)	6,050)	6,486)	6,955)	7,453)	7,956)	8,461)	8,997)
Franchises	67,396)	67,396)	67,396)	67,366)	67,363)	67,363)	67,354)	67,347)	67,346)	67,322)	67,322)	67,322)	67,322)	67,322)	67,322)	67,322)	67,322)	67,322)	67,319)	67,319)
Goodwill	29,668)	29,672)	29,672)	29,563)	29,563)	29,563)	29,563)	29,563)	29,562)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)	29,554)
Investment in cable properties, net	138,329)	137,668)	136,836)	136,010)	135,737)	135,004)	134,762)	134,782)	135,278)	135,474)	135,869)	136,245)	136,848)	137,122)	137,436)	137,927)	138,920)	139,050)	139,809)	140,729)
Other noncurrent assets	4,732)	4,898)	4,850)	4,793)	4,769)	4,911)	4,758)	3,650)	3,647)	3,523)	3,475)	3,531)	3,449)	3,008)	2,930)	2,838)	2,731)	2,740)	2,786)	2,602)
Noncurrent assets	143,061)	142,566)	141,686)	140,803)	140,506)	139,915)	139,520)	138,432)	138,925)	138,997)	139,344)	139,776)	140,300)	140,133)	140,371)	140,793)	141,717)	141,879)	142,745)	143,506)
Total assets	147,193)	146,682)	145,615)	144,870)	144,523)	143,669)	143,258)	143,948)	142,491)	142,495)	144,026)	143,439)	144,206)	144,193)	145,136)	146,552)	148,188)	145,267)	146,085)	147,257)

The analysis of the quarterly financial data reveals several notable trends and changes across various asset categories over the observed periods.

Cash and Cash Equivalents: These have exhibited significant fluctuations, starting at a high level in early 2019, dipping substantially through 2019 and 2020, then partially recovering in some quarters but generally maintaining a lower range compared to the initial period. The most recent quarters show a modest recovery but still with considerable volatility.
Accounts Receivable, Net: There is a clear upward trend in accounts receivable, increasing steadily across the entire period. This suggests increasing sales or credit extended to customers, which might warrant attention to the management of collections and potential credit risk.
Prepaid Expenses and Other Current Assets: This category shows variability but without a clear long-term trend. Periods of increases and decreases alternate, reflecting timing differences in expense recognition or operational changes.
Current Assets: Current assets peaked sharply at the end of 2019, then declined during 2020, followed by a recovery and fluctuating pattern thereafter. This may be partially influenced by the cash and receivables dynamics previously noted.
Restricted Cash: Restricted cash balances decreased consistently from early 2019 through 2020, eventually becoming minimal or unreported in subsequent periods, indicating a likely reclassification or utilization of these funds.
Property, Plant, and Equipment, Net: This asset base remained relatively stable from 2019 through early 2022, followed by a noticeable upward trend in 2022 and continuing into 2023. This signals ongoing investment or capital expenditures increasing the asset base.
Customer Relationships, Net: There is a steady decline in the value of customer relationships, reflecting amortization or impairment over time as expected with intangible assets linked to customer contracts.
Franchises: The franchise asset values have remained essentially constant throughout the periods, indicating stability in this intangible asset category with no significant write-downs or acquisitions affecting the balance.
Goodwill: Goodwill values remained stable for most periods with minor adjustments observed in later quarters, which could result from acquisition activity or impairment testing.
Investment in Cable Properties, Net: This component showed a gradual decline over 2019 and 2020, followed by slight fluctuations with a mild increasing tendency toward the end of the period, suggesting ongoing investments and depreciation impacting the net book value.
Other Noncurrent Assets: A moderate increase is noted in this category particularly during 2022, indicating possible additions or reclassifications of long-term assets.
Noncurrent Assets: Noncurrent assets have generally maintained a relatively stable range, with a slight increasing trend starting in 2022, in line with movements in property, plant, equipment, and other noncurrent items.
Total Assets: Total assets reflected minor fluctuations but overall stability, with a modest upward trend emerging from 2022 onwards. This increase aligns with the expansions noted in fixed and intangible assets, suggesting steady asset growth.

In summary, the financial asset data reflects a company undergoing moderate investments in long-term assets with stable intangible asset values, while current assets fluctuate more significantly, driven largely by changes in cash, cash equivalents, and receivables. The gradual decline in certain intangible assets is consistent with expected amortization. Stability in franchises and goodwill indicates no major impairments or acquisitions significantly impacting these accounts. Overall, the asset base is stable with modest growth indications in the most recent quarters.

Assets: Selected Items

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Current Assets: Selected Items

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Charter Communications Inc. (NASDAQ:CHTR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data