Stock Analysis on Net
Stock Analysis on Net
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Charter Communications Inc. (NASDAQ:CHTR)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Charter Communications Inc., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Revenues 48,097  45,764  43,634  41,581  29,003 
Programming (11,401) (11,290) (11,124) (10,596) (7,034)
Regulatory, connectivity and produced content (2,183) (2,366) (2,210) (2,064) (1,467)
Costs to service customers (7,472) (7,277) (7,327) (7,780) (5,173)
Marketing (3,031) (3,044) (3,042) (2,420) (1,699)
Mobile (1,765) (1,246) (346) —  — 
Other (4,078) (4,001) (3,811) (3,681) (3,282)
Operating costs and expenses (29,930) (29,224) (27,860) (26,541) (18,655)
Gross profit 18,167  16,540  15,774  15,040  10,348 
Depreciation and amortization (9,704) (9,926) (10,318) (10,588) (6,907)
Special charges, net (90) (61) (150) (330) (987)
Gain (loss) on sale of assets, net 32  (42) (85) (16)
Other operating expenses, net (58) (103) (235) (346) (985)
Income from operations 8,405  6,511  5,221  4,106  2,456 
Interest expense, net (3,848) (3,797) (3,540) (3,090) (2,499)
Loss on extinguishment of debt (143) (25) —  (40) (111)
Gain (loss) on financial instruments, net (15) (54) (110) 69  89 
Other pension benefits (costs), net (66) (69) 192  899 
Other expense, net (31) (135) (77) (18) (14)
Other income (expenses) (4,103) (4,080) (3,535) (3,078) (1,636)
Income before income taxes 4,302  2,431  1,686  1,028  820 
Income tax (expense) benefit (626) (439) (180) 9,087  2,925 
Consolidated net income 3,676  1,992  1,506  10,115  3,745 
Net income attributable to noncontrolling interests (454) (324) (276) (220) (223)
Net income attributable to Charter shareholders 3,222  1,668  1,230  9,895  3,522 

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).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Charter Communications Inc.’s revenues increased from 2018 to 2019 and from 2019 to 2020.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Charter Communications Inc.’s income from operations increased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Charter Communications Inc.’s income before income taxes increased from 2018 to 2019 and from 2019 to 2020.
Net income attributable to Charter shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Charter Communications Inc.’s net income attributable to Charter shareholders increased from 2018 to 2019 and from 2019 to 2020.