Stock Analysis on Net
Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 2, 2024.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Charter Communications Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable, trade
Deferred revenue
Programming costs
Labor
Capital expenditures
Interest
Taxes and regulatory fees
Other
Accrued and other current liabilities
Accounts payable and accrued liabilities
Current portion of long-term debt
Current liabilities
Long-term debt, less current portion
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Class A common stock; $.001 par value
Class B common stock; $.001 par value
Preferred stock; $.001 par value; no shares issued and outstanding
Additional paid-in capital
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Total Charter shareholders’ equity
Noncontrolling interests
Total shareholders’ equity
Total liabilities and shareholders’ equity

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).

Liabilities
The total liabilities have shown a consistent upward trend over the five-year period, increasing from $109,377 million in 2019 to $132,475 million in 2023. This increase is primarily driven by growth in long-term liabilities, which rose from $96,992 million to $119,261 million. The current liabilities fluctuated, showing a decrease in 2020 but recovering and gradually increasing from 2021 onward, ending at $13,214 million in 2023.
Within current liabilities, accounts payable and accrued liabilities have steadily increased from $8,885 million in 2019 to $11,214 million in 2023. Accounts payable, trade specifically, saw a slight decrease from 2019 to 2021 but rose again by 2022 and 2023, closing at $931 million.
The current portion of long-term debt experienced notable fluctuations, decreasing sharply in 2020 to $1,008 million, then rebounding in subsequent years with some volatility, reaching $2,000 million in 2023.
Deferred revenue remained relatively stable, with minor fluctuations around the $460-$511 million range.
Expenses
Programming costs exhibited a declining trend from 2019 through 2023, decreasing from $2,042 million to $1,736 million. Labor costs increased substantially in 2020, then remained fairly stable with a slight downward movement from 2021 to 2023.
Capital expenditures showed an upward trend, with a significant increase starting in 2021, rising from $1,281 million to $1,944 million in 2023, indicating enhanced investment activities.
Interest expenses have gradually increased over the period, rising consistently from $1,052 million to $1,328 million, suggesting higher debt service costs.
Taxes and regulatory fees also increased steadily from $537 million in 2019 to $681 million in 2023.
Other expenses showed a marked upward trend, growing from $1,539 million in 2019 to $2,802 million in 2023, reflecting increased costs in areas not detailed individually.
Shareholders’ Equity
Total shareholders’ equity decreased significantly from 2019 to 2022, dropping from $38,811 million to $12,549 million, before recovering somewhat to $14,718 million in 2023. This decline corresponds with a substantial reduction in retained earnings, which turned negative starting in 2020 and remained so through 2023, with a slight improvement in 2023.
Additional paid-in capital decreased steadily throughout the period, from $31,405 million to $23,346 million, indicating possible repurchases or amortizations impacting equity.
Noncontrolling interests also trended downward from $7,366 million in 2019 to $3,632 million in 2023, suggesting a decrease in minority ownership or consolidation effects.
Total Assets
Total liabilities and shareholders’ equity remained relatively stable overall, with a slight decline from $148,188 million in 2019 to $142,491 million in 2021, followed by gradual increases reaching $147,193 million in 2023.