Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company 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 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 (quarterly data)

US$ in millions

3 months ended:	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
Consolidated net income	1,229)	1,436)	1,413)	1,183)	1,385)	1,367)	1,708)	1,389)	1,834)	1,407)	1,158)	921)	1,401)	932)	876)	467)	822)	467)	386)	317)
Depreciation and amortization	2,188)	2,130)	2,172)	2,206)	2,192)	2,177)	2,240)	2,294)	2,280)	2,270)	2,354)	2,441)	2,409)	2,370)	2,428)	2,497)	2,461)	2,415)	2,500)	2,550)
Stock compensation expense	152)	164)	168)	208)	110)	109)	104)	147)	98)	98)	100)	134)	88)	83)	90)	90)	77)	71)	82)	85)
Noncash interest, net	7)	9)	7)	(3)	(5)	(5)	(4)	(3)	(3)	(5)	(8)	(7)	(10)	(10)	(9)	(12)	(17)	(17)	(17)	(55)
Deferred income taxes	(34)	17)	(40)	(23)	(78)	50)	77)	38)	158)	297)	215)	156)	213)	151)	115)	(14)	87)	96)	56)	81)
Other, net	79)	25)	83)	104)	142)	40)	(132)	(21)	(98)	155)	129)	(5)	(165)	100)	(36)	315)	69)	22)	163)	52)
Accounts receivable	(33)	(68)	(13)	70)	(80)	(62)	(249)	49)	71)	(62)	(188)	144)	(133)	(74)	97)	136)	59)	(227)	(492)	155)
Prepaid expenses and other assets	(38)	(173)	(25)	(336)	(106)	37)	52)	(185)	(40)	(14)	69)	(182)	116)	(76)	(60)	(104)	(172)	(49)	124)	(300)
Accounts payable, accrued liabilities and other	305)	404)	(454)	(86)	227)	44)	(62)	(61)	(74)	117)	170)	149)	230)	188)	28)	(155)	(28)	165)	(41)	(199)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions	234)	163)	(492)	(352)	41)	19)	(259)	(197)	(43)	41)	51)	111)	213)	38)	65)	(123)	(141)	(111)	(409)	(344)
Adjustments to reconcile consolidated net income to net cash flows from operating activities	2,626)	2,508)	1,898)	2,140)	2,402)	2,390)	2,026)	2,258)	2,392)	2,856)	2,841)	2,830)	2,748)	2,732)	2,653)	2,753)	2,536)	2,476)	2,375)	2,369)
Net cash flows from operating activities	3,855)	3,944)	3,311)	3,323)	3,787)	3,757)	3,734)	3,647)	4,226)	4,263)	3,999)	3,751)	4,149)	3,664)	3,529)	3,220)	3,358)	2,943)	2,761)	2,686)
Purchases of property, plant and equipment	(2,856)	(2,961)	(2,834)	(2,464)	(2,920)	(2,406)	(2,193)	(1,857)	(2,072)	(1,861)	(1,881)	(1,821)	(2,063)	(2,014)	(1,877)	(1,461)	(2,282)	(1,651)	(1,597)	(1,665)
Change in accrued expenses related to capital expenditures	62)	114)	191)	(195)	269)	156)	118)	10)	131)	74)	(50)	(75)	(7)	104)	214)	(388)	504)	(21)	(52)	(376)
Purchases of wireless spectrum licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(464)	—)	—)	—)	—)	—)	—)	—)
Other, net	150)	(47)	(207)	(80)	(117)	(14)	(220)	60)	(51)	(3)	(85)	(60)	(36)	(76)	(88)	(1)	(76)	(59)	(17)	(39)
Net cash flows from investing activities	(2,644)	(2,894)	(2,850)	(2,739)	(2,768)	(2,264)	(2,295)	(1,787)	(1,992)	(1,790)	(2,016)	(1,956)	(2,570)	(1,986)	(1,751)	(1,850)	(1,854)	(1,731)	(1,666)	(2,080)
Borrowings of long-term debt	7,471)	3,543)	3,944)	7,104)	4,115)	4,897)	9,918)	6,713)	5,713)	4,305)	5,669)	5,289)	5,402)	3,030)	2,983)	4,339)	6,528)	2,443)	3,830)	6,884)
Repayments of long-term debt	(7,553)	(3,650)	(3,995)	(6,740)	(3,652)	(3,712)	(8,993)	(2,954)	(2,495)	(3,892)	(2,595)	(3,164)	(2,383)	(1,819)	(4,303)	(3,589)	(2,423)	(763)	(4,551)	(5,572)
Payments for debt issuance costs	(14)	—)	—)	(18)	—)	(14)	(20)	(37)	(26)	(18)	(36)	(22)	(34)	(29)	(21)	(41)	(55)	(16)	(7)	(25)
Issuance of equity	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	23)	—)	—)	—)	—)
Purchase of treasury stock	(1,194)	(783)	(326)	(912)	(1,032)	(2,225)	(3,687)	(3,333)	(4,597)	(3,666)	(3,516)	(3,652)	(4,349)	(3,361)	(1,155)	(2,352)	(2,305)	(2,767)	(861)	(940)
Proceeds from exercise of stock options	1)	16)	3)	2)	—)	—)	4)	1)	1)	17)	17)	9)	13)	50)	28)	93)	12)	25)	37)	44)
Purchase of noncontrolling interest	(173)	(78)	(54)	(122)	(223)	(385)	(578)	(416)	(734)	(410)	(583)	(507)	(578)	(366)	(125)	(393)	(292)	(339)	(161)	(93)
Distributions to noncontrolling interest	(40)	(35)	(80)	(3)	(55)	(49)	(5)	(2)	(4)	—)	(32)	(39)	(40)	(37)	(38)	(39)	(38)	(38)	(39)	(39)
Other, net	429)	30)	(9)	(6)	(7)	(8)	(26)	(2)	43)	(54)	32)	62)	105)	38)	19)	(24)	21)	(6)	(123)	(4)
Net cash flows from financing activities	(1,073)	(957)	(517)	(695)	(854)	(1,496)	(3,387)	(30)	(2,099)	(3,718)	(1,044)	(2,024)	(1,864)	(2,494)	(2,612)	(1,983)	1,448)	(1,461)	(1,875)	255)
Net increase (decrease) in cash and cash equivalents	138)	93)	(56)	(111)	165)	(3)	(1,948)	1,830)	135)	(1,245)	939)	(229)	(285)	(816)	(834)	(613)	2,952)	(249)	(780)	861)

Net Income: Consolidated net income exhibits a generally positive trajectory from 2019 through 2023, peaking notably in December 2021. There is a pattern of periodic fluctuations, with quarters showing alternating rises and slight decreases, but overall the income remains strong with values mostly above 1 billion USD in recent years.
Depreciation and Amortization: This expense remains relatively stable throughout the period, hovering around the range of 2,100 to 2,550 million USD. There is a mildly declining trend discernible after 2020, suggesting possible reduction in capital assets or changes in amortization strategies.
Stock Compensation Expense: Stock compensation sees a gradual increase over the analyzed period, rising from the 70-90 million USD range in early 2019 to peaks above 200 million USD in mid to late 2023, indicating potentially greater reliance on equity-based compensation for employees.
Noncash Interest, Net: Values for noncash interest remain marginal and mostly negative until a reversal to positive values is observed during 2023. This shift may signify changes in deferred interest accounting or the structure of debt instruments.
Deferred Income Taxes: Deferred income taxes show notable volatility. After fluctuating between positive and negative values, there is a marked decline into negative territory in late 2022 and early 2023, hinting at changes in tax liabilities or deferrals affecting cash flows.
Other, Net: The 'Other, net' category under operations is highly variable with significant spikes and dips across quarters, reflecting irregular and possibly nonrecurring items impacting the operating cash flows.
Working Capital Changes: Operating assets and liabilities reveal considerable fluctuations, including significant swings in accounts receivable and prepaid expenses, which contribute to variability in cash flow timing. Notably, accounts payable and accrued liabilities generally trend positively in recent quarters, potentially indicating improved credit terms or delayed payments to suppliers.
Operating Cash Flow: Net cash flows from operating activities increase robustly from 2019 through 2021, peaking in 2021, before experiencing relative stabilization and slight decreases in subsequent quarters of 2022 and 2023. This indicates a generally strong operational cash generation capability.
Capital Expenditures and Investing: Capital expenditures are significant and tend to increase, especially in the later years, with expenditures regularly exceeding 2 billion USD per quarter by 2022 and 2023. Purchases of property, plant, and equipment grow in magnitude, reflecting ongoing substantial investment in fixed assets. Additionally, purchases of wireless spectrum licenses recorded in late 2020 indicate strategic acquisition of intangible assets. Net cash flows from investing are consistently negative and show an increasing outflow trend, supporting the heavy investment activity.
Financing Activities: Financing cash flows portray a complex pattern with sizeable borrowings and repayments of long-term debt that often appear in close succession, resulting in net outflows in most periods. Borrowings peak notably at various intervals, especially in 2022 and late 2023, but are offset by large repayments, suggesting active debt management. Purchases of treasury stock indicate substantial share repurchase activity, although this declines in volume in the final periods. Equity issuance is minimal and sporadic, while distributions to noncontrolling interests remain relatively small and stable.
Liquidity Position: Net changes in cash and cash equivalents fluctuate widely, with notable cash increases in early 2019 and late 2019, followed by declines in 2020 and significant volatility in subsequent years. These movements reflect the combined impact of operating results, investing outflows, and financing decisions, indicating active cash management amid ongoing capital spending and debt adjustments.

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Charter Communications Inc. (NASDAQ:CHTR)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data