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

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Charter Communications Inc., consolidated cash flow 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
Consolidated net income 3,676  1,992  1,506  10,115  3,745 
Depreciation and amortization 9,704  9,926  10,318  10,588  6,907 
Stock compensation expense 351  315  285  261  244 
Accelerated vesting of equity awards —  —  49  248 
Noncash interest income, net (41) (106) (307) (370) (256)
Other pension (benefits) costs, net 66  69  (192) (1) (899)
Loss on extinguishment of debt 143  25  —  40  111 
(Gain) loss on financial instruments, net 15  54  110  (69) (89)
Deferred income taxes 465  320  110  (9,116) (2,958)
Other, net (10) 158  175  16 
Accounts receivable 26  (505) (98) (84) (160)
Prepaid expenses and other assets (124) (397) (270) 76  111 
Accounts payable, accrued liabilities and other 291  (103) 125  449  1,029 
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions 193  (1,005) (243) 441  980 
Adjustments to reconcile consolidated net income to net cash flows from operating activities 10,886  9,756  10,261  1,839  4,296 
Net cash flows from operating activities 14,562  11,748  11,767  11,954  8,041 
Purchases of property, plant and equipment (7,415) (7,195) (9,125) (8,681) (5,325)
Change in accrued expenses related to capital expenditures (77) 55  (470) 820  603 
Purchases of wireless spectrum licenses (464) —  —  —  — 
Purchases of cable systems, net —  —  —  (9) (28,810)
Change in restricted cash and cash equivalents —  —  —  —  22,264 
Real estate investments through variable interest entities (183) (148) (21) (105) — 
Other, net (18) (43) (120) (123) (22)
Net cash flows from investing activities (8,157) (7,331) (9,736) (8,098) (11,290)
Borrowings of long-term debt 15,754  19,685  13,820  25,276  12,344 
Repayments of long-term debt (12,094) (13,309) (10,769) (16,507) (10,521)
Payments for debt issuance costs (125) (103) (29) (111) (284)
Issuance of equity 23  —  —  —  5,000 
Purchase of treasury stock (11,217) (6,873) (4,399) (11,715) (1,562)
Proceeds from exercise of stock options 184  118  69  116  86 
Settlement of restricted stock units —  —  —  —  (59)
Purchase of noncontrolling interest (1,462) (885) (656) (1,665) (218)
Distributions to noncontrolling interest (154) (154) (153) (153) (96)
Borrowings for real estate investments through variable interest entities, net 122  —  342  —  — 
Distributions to variable interest entities noncontrolling interest —  —  (107) —  — 
Proceeds from termination of interest rate derivatives —  —  —  —  88 
Other, net 16  (112) (5) (11)
Net cash flows from financing activities (8,953) (1,633) (1,887) (4,770) 4,779 
Net increase (decrease) in cash, cash equivalents and restricted cash (2,548) 2,784  144  (914) 1,530 
Cash, cash equivalents and restricted cash, beginning of period 3,549  765  621  1,535 
Cash, cash equivalents and restricted cash, end of period 1,001  3,549  765  621  1,535 

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).

Cash flow statement item Description The company
Net cash flows from operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Charter Communications Inc.’s net cash flows from operating activities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Net cash flows from investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Charter Communications Inc.’s net cash flows from investing activities increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
Net cash flows from financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Charter Communications Inc.’s net cash flows from financing activities increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.