Altice USA, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Altice USA, Inc. has filed its 2023 Form 10-K detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Altice USA, Inc. (OPTU) filed a Annual Report (10-K) with the SEC on February 15, 2024. Altice USA, Inc. filed its 2023 Form 10-K on February 15, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Cable & Other Pay Television Services. Altice USA is incorporated in Delaware. The company's business address is 1 Court Square West, Long Island City, NY 11101.

Why It Matters

For investors and stakeholders tracking Altice USA, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Altice USA's financial health, operational strategies, and risk factors for the past fiscal year, crucial for investors and stakeholders to assess the company's performance and future outlook. As a major player in the pay television services industry, the details within this report are significant for understanding market dynamics, competitive positioning, and regulatory considerations affecting Altice USA and its peers.

Risk Assessment

Risk Level: medium — Altice USA, Inc. shows moderate risk based on this filing. The company operates in the highly competitive Cable & Other Pay Television Services industry, which faces ongoing technological disruption and evolving consumer preferences, posing a medium risk to its financial performance and market share.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess Altice USA's ability to navigate industry challenges and maintain its competitive position.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-15 — Filing Date (Date of submission)
• 125 — Document Count (Number of documents in the filing)
• 001-38126 — SEC File Number (SEC registration number)

Key Players & Entities

• Altice USA, Inc. (company) — Filer name
• 10-K (filing) — Form type
• 2024-02-15 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end
• 4841 (industry_code) — Standard Industrial Classification for Cable & Other Pay Television Services
• DE (jurisdiction) — State of incorporation
• 1 Court Square West, Long Island City, NY 11101 (address) — Business address
• (516) 803-2300 (phone) — Business phone

FAQ

Industry Context

Altice USA operates within the Cable & Other Pay Television Services industry, a sector characterized by significant infrastructure investment, evolving content delivery models, and increasing competition from streaming services and other telecommunications providers.

Regulatory Implications

As a provider of pay television services, Altice USA is subject to various federal, state, and local regulations governing telecommunications, broadband deployment, and consumer protection.

What Investors Should Do

1. Analyze the detailed financial statements and management's discussion and analysis (MD&A) within the 10-K to understand revenue streams, cost structures, and profitability trends for FY 2023.
2. Review the risk factors section to identify potential challenges and uncertainties facing Altice USA, such as competition, regulatory changes, and technological advancements.
3. Examine any disclosures related to debt, capital expenditures, and cash flow to assess the company's financial stability and investment plans.

Key Dates

• 2024-02-15: 10-K Filing — Submission of the annual report for the fiscal year ended December 31, 2023.

Year-Over-Year Comparison

This filing is the 2023 Form 10-K, providing the annual overview of the company's financial performance and operations for the fiscal year ending December 31, 2023.

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share ATUS NYSE Number of shares

Filing Documents

• atus-20231231.htm (10-K) — 3070KB
• dec312023exhibit21.htm (EX-21) — 115KB
• dec312023ex231consentofkpm.htm (EX-23.1) — 2KB
• dec312023exhibit311.htm (EX-31.1) — 11KB
• dec312022exhibit312.htm (EX-31.2) — 11KB
• dec312023exhibit32.htm (EX-32) — 10KB
• alticeusaclawbackpolicyex97.htm (EX-97) — 13KB
• atus-20231231_g1.jpg (GRAPHIC) — 16KB
• atus-20231231_g2.jpg (GRAPHIC) — 43KB
• 0001628280-24-004863.txt (&nbsp;) — 17978KB
• atus-20231231.xsd (EX-101.SCH) — 148KB
• atus-20231231_cal.xml (EX-101.CAL) — 139KB
• atus-20231231_def.xml (EX-101.DEF) — 1229KB
• atus-20231231_lab.xml (EX-101.LAB) — 1617KB
• atus-20231231_pre.xml (EX-101.PRE) — 1498KB
• atus-20231231_htm.xml (XML) — 2283KB

Business

Item 1. Business Altice USA, Inc. ("Altice USA," "we" or the "Company") was incorporated in Delaware on September 14, 2015. We are controlled by Patrick Drahi through Next Alt. S..r.l. ("Next Alt"), who also controls Altice Group Lux S..r.l., formerly Altice Europe N.V. ("Altice Europe") and its subsidiaries and other entities. Altice USA is a holding company that does not conduct any business operations of its own. Altice Europe, through a subsidiary, acquired Cequel Corporation ("Cequel") on December 21, 2015 (the "Cequel Acquisition") and Cequel was contributed to Altice USA on June 9, 2016. Altice USA acquired Cablevision Systems Corporation ("Cablevision") on June 21, 2016 (the "Cablevision Acquisition"). We principally provide broadband communications and video services in the United States and market our services primarily under the Optimum brand. We deliver broadband, video, telephony and mobile services to approximately 4.7 million residential and business customers across our footprint. Our footprint extends across 21 states (primarily in the New York metropolitan area and various markets in the south-central United States) through a fiber-rich hybrid-fiber coaxial ("HFC") broadband network and a fiber-to-the-home ("FTTH") network with approximately 9.6 million total passings as of December 31, 2023. Additionally, we offer news programming and advertising services. Our ongoing FTTH network build has enabled us to deliver multi-gig broadband speeds to meet the growing data needs of residential and business customers. Concurrent to our FTTH network deployment, we also continue to upgrade our existing HFC network through the deployment of digital and expansion of Data Over Cable Service Interface Specification ("DOCSIS") 3.1 technology in order to roll out enhanced broadband services to customers. We currently make available in a majority of our footprint 1 Gbps broadband services which provide a connectivity experience supporting the most data-intensive

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View this 10-K filing on SEC EDGAR