Charter Communications, Inc. Files 2023 Annual Report on Form 10-K

AI Summary

CHARTER COMMUNICATIONS, INC. /MO/ (CHTR) filed a Annual Report (10-K) with the SEC on February 2, 2024. Charter Communications reported total assets of $145,225,458,000 for the fiscal year ended December 31, 2023. The company's total debt was not explicitly stated in the provided snippet, but financial data for previous years is available. Charter Communications' fiscal year ends on December 31st annually. The filing is a 10-K annual report submitted on February 2, 2024. The company's principal executive offices are located at 400 Atlantic Street, Stamford, CT 06901.

Why It Matters

For investors and stakeholders tracking CHARTER COMMUNICATIONS, INC. /MO/, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Charter Communications' financial performance and condition for the fiscal year 2023, crucial for investors and stakeholders to assess the company's stability and future prospects. The detailed financial statements and risk factors within the report offer insights into the operational landscape and potential challenges faced by Charter Communications in the cable and pay television services industry.

Risk Assessment

Risk Level: medium — CHARTER COMMUNICATIONS, INC. /MO/ shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains extensive financial and operational data. While it doesn't immediately highlight severe negative trends, the sheer volume and complexity of information require careful analysis to identify specific risks.

Analyst Insight

Investors should carefully review the detailed financial statements and risk factors in the 10-K to understand Charter Communications' performance and potential challenges in the evolving telecommunications market.

Financial Highlights

revenue

145,225,458,000

total Assets

145,225,458,000

Key Numbers

• 145,225,458,000 — Total Assets (As of December 31, 2023)
• 152,651,396,000 — Total Assets (Previous Year) (As of December 31, 2022)

Key Players & Entities

• CHARTER COMMUNICATIONS, INC. /MO/ (company) — Filer name
• CHTR (company) — Ticker symbol
• 2024-02-02 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 400 ATLANTIC STREET (location) — Business address
• STAMFORD (location) — Business address city
• CT (location) — Business address state
• 06901 (location) — Business address zip

Forward-Looking Statements

• Charter Communications' earnings per share (EPS) will likely see a positive impact in future reports due to the reduced share count. (CHARTER COMMUNICATIONS, INC. /MO/) — high confidence, target: 2024-03-31

FAQ

Industry Context

Charter Communications operates in the cable and other pay television services industry, providing broadband internet, video, and voice services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business, financial condition, and management.

What Investors Should Do

1. Analyze the detailed financial statements for revenue, net income, and debt levels.
2. Review the risk factors section for potential operational, market, or regulatory challenges.
3. Compare key financial metrics with previous fiscal years to identify trends.

Key Dates

• 2024-02-02: 10-K Filing — Submission of the annual report for fiscal year 2023.
• 2023-12-31: Fiscal Year End — End date for the reporting period.

Year-Over-Year Comparison

The provided snippet shows total assets for 2023 as $145,225,458,000, a decrease from $152,651,396,000 in 2022.

Key Financial Figures

• $3.4 billion — in the beginning of 2022, we have spent $3.4 billion on our subsidized rural construction in
• $8 billion — spent to date, we expect to invest over $8 billion in total in our subsidized rural constr
• $2 billion — with government funding, including over $2 billion of support awarded through December 31,

Filing Documents

• chtr-20231231.htm (10-K) — 2347KB
• chtr12312023exh-482.htm (EX-4.82) — 31KB
• chtr12312023exh1074.htm (EX-10.74) — 224KB
• chtr123123exh-211.htm (EX-21.1) — 71KB
• chtr123123exh-231.htm (EX-23.1) — 3KB
• chtr12312023exh-311.htm (EX-31.1) — 10KB
• chtr12312023exh-312.htm (EX-31.2) — 10KB
• chtr12312023exh-321.htm (EX-32.1) — 4KB
• chtr12312023exh-322.htm (EX-32.2) — 5KB
• chtr12312023exh-971.htm (EX-97.1) — 41KB
• chtr-20231231_g1.jpg (GRAPHIC) — 319KB
• chtr-20231231_g2.jpg (GRAPHIC) — 88KB
• chtr-20231231_g3.jpg (GRAPHIC) — 2182KB
• 0001091667-24-000028.txt ( ) — 18143KB
• chtr-20231231.xsd (EX-101.SCH) — 71KB
• chtr-20231231_cal.xml (EX-101.CAL) — 91KB
• chtr-20231231_def.xml (EX-101.DEF) — 278KB
• chtr-20231231_lab.xml (EX-101.LAB) — 851KB
• chtr-20231231_pre.xml (EX-101.PRE) — 555KB
• chtr-20231231_htm.xml (XML) — 1849KB

Business

Business 1 Item 1A

Risk Factors

Risk Factors 19 Item 1B Unresolved Staff Comments 27 Item 1C Cybersecurity 27 Item 2

Properties

Properties 29 Item 3

Legal Proceedings

Legal Proceedings 30 Item 4 Mine Safety Disclosures 30 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 31 Item 6 [Reserved] 32 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 46 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 47 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 47 Item 9A

Controls and Procedures

Controls and Procedures 47 Item 9B Other Information 49 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 49 PART III Item 10 Directors, Executive Officers and Corporate Governance 50 Item 11

Executive Compensation

Executive Compensation 50 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 50 Item 13 Certain Relationships and Related Transactions, and Director Independence 50 Item 14 Principal Accountant Fees and Services 50 PART IV Item 15 Exhibits and Financial Statement Schedules 51 Item 16 Form 10-K Summary 51

Signatures

Signatures S- 1 Exhibit Index E- 1 This annual report on Form 10-K is for the year ended December 31, 2023. The United States Securities and Exchange Commission ("SEC") allows us to "incorporate by reference" information that we file with the SEC, which means that we can disclose important information to you by referring you directly to those documents. Information incorporated by reference is considered to be part of this annual report. In addition, information that we file with the SEC in the future will automatically update and supersede information contained in this annual report. In this annual report, "Charter," "we," "us" and "our" refer to Charter Communications, Inc. and its subsidiaries. i CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This annual report includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects, both business and financial including, without limitation, the forward-looking statements set forth in Part I. Item 1. under the heading "Business" and in Part II. Item 7. under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this annual report. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, including, without limitation, the factors described in Part I. Item 1A. under "Risk Factors" and in Part II. Item 7. under the heading, "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this annual report. Many of the forward-looking statements contained in this annual report may b

Business

Item 1. Business. Introduction We are a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through our Spectrum brand. Over an advanced communications network, we offer a full range of state-of-the-art residential and business services including Spectrum Internet , TV, Mobile and Voice. For small and medium-sized companies, Spectrum Business delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach delivers tailored advertising and production for the modern media landscape. We also distribute award-winning news coverage and sports programming to our customers through Spectrum Networks. Our network, which we own and operate, passes nearly an estimated 57 million households and businesses across the United States. Our strategy is focused on the evolution of our network and products, expansion of our footprint, and the execution of high quality operations, including customer service. This strategy allows us to maintain a state-of-the-art network delivering the most compelling converged connectivity services in a capital and time-efficient manner, and in turn, offer advanced services to consumers at highly attractive prices, together with outstanding customer service. Offering high quality, competitively priced products and outstanding service allows us to increase both the number of customers we serve over our network and the number of products we sell to each customer. This combination also reduces the number of service transactions we perform per relationship, yielding higher customer satisfaction and lower customer churn, which results in lower costs to acquire and serve customers and greater profitability. Evolution – Expanding the Capability of Our Network and Products Our network and pro

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View this 10-K filing on SEC EDGAR