Cable One, Inc. Files Q1 2024 10-Q Report

TL;DR

<b>Cable One, Inc. has submitted its Q1 2024 10-Q filing, providing a detailed financial overview and segment performance data.</b>

AI Summary

Cable One, Inc. (CABO) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Cable One, Inc. filed its 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. Key financial data from previous periods (2023-12-31, 2023-03-31, 2022-12-31) are referenced. Segment data for Residential Data, Residential Video, Residential Voice, Business Data, Business Other, and Product/Service Other are included for Q1 2024 and Q1 2023. The report details changes in equity accounts such as Common Stock, Additional Paid-In Capital, Retained Earnings, Accumulated Other Comprehensive Income, and Treasury Stock.

Why It Matters

For investors and stakeholders tracking Cable One, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and operational data for Cable One, Inc., crucial for assessing the company's current health and future prospects. The detailed segment information allows for an analysis of revenue drivers and performance trends across different service offerings, such as data, video, and voice, for both residential and business customers.

Risk Assessment

Risk Level: low — Cable One, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Monitor the detailed segment performance in the 10-Q to identify growth trends or declines in specific service areas like data, video, or voice.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-03 — Filing Date (Filed as of date)
• 2024-01-01 — Q1 2024 Start Date (Reporting period for Q1 2024)
• 2023-01-01 — Q1 2023 Start Date (Reporting period for Q1 2023)

Key Players & Entities

• Cable One, Inc. (company) — Filer name
• 2024-03-31 (date) — Conformed period of report
• 2024-05-03 (date) — Filed as of date
• 4841 (other) — Standard Industrial Classification (SIC) code for Cable & Other Pay Television Services
• DE (other) — State of incorporation
• 133060083 (other) — IRS number
• 210 E. EARLL DRIVE (other) — Business address street 1
• PHOENIX (other) — Business address city

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 CABO New York Stock Exchange Indicate

Filing Documents

• cabo-20240331.htm (10-Q) — 1284KB
• a2024q1-exhibit311.htm (EX-31.1) — 10KB
• a2024q1-exhibit312.htm (EX-31.2) — 10KB
• a2024q1-exhibit32.htm (EX-32) — 8KB
• cabo-20240331_g1.jpg (GRAPHIC) — 12KB
• 0001632127-24-000056.txt (&nbsp;) — 8328KB
• cabo-20240331.xsd (EX-101.SCH) — 59KB
• cabo-20240331_cal.xml (EX-101.CAL) — 97KB
• cabo-20240331_def.xml (EX-101.DEF) — 334KB
• cabo-20240331_lab.xml (EX-101.LAB) — 739KB
• cabo-20240331_pre.xml (EX-101.PRE) — 560KB
• cabo-20240331_htm.xml (XML) — 1256KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION 1 Item 1. Condensed Consolidated Financial Statements 1 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34

: OTHER INFORMATION

PART II: OTHER INFORMATION 35 Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosures 35 Item 5. Other Information 35 Item 6. Exhibits 36

SIGNATURES

SIGNATURES 37 References herein to "Cable One," "us," "our," "we" or the "Company" refer to Cable One, Inc., together with its wholly owned subsidiaries. i Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This document contains "forward-looking statements" that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about our industry, business, strategy, acquisitions and strategic investments, market expansion plans, dividend policy, capital allocation, financing strategy, financial results and financial condition. Forward-looking statements often include words such as "will," "should," "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Our actual results may vary materially from those expressed or implied in our forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by us or on our behalf. Important factors that could cause our actual results to differ materially from those in our forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors, which are discussed in our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K"): rising levels of competition from historical and new entrants in our markets; recent and future changes in technology, and our ability to develop, deploy and operate new technologies, service offerings and customer service platforms; our ability to continue to grow our residential data and bus

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CABLE ONE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (dollars in thousands, except par values) March 31, 2024 December 31, 2023 Assets Current Assets: Cash and cash equivalents $ 210,733 $ 190,289 Accounts receivable, net 60,530 93,973 Prepaid and other current assets 76,042 58,116 Total Current Assets 347,305 342,378 Equity investments 1,117,220 1,125,447 Property, plant and equipment, net 1,784,847 1,791,120 Intangible assets, net 2,579,969 2,595,892 Goodwill 928,947 928,947 Other noncurrent assets 81,895 63,149 Total Assets $ 6,840,183 $ 6,846,933 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable and accrued liabilities $ 140,589 $ 156,645 Deferred revenue 27,079 27,169 Current portion of long-term debt 19,018 19,023 Total Current Liabilities 186,686 202,837 Long-term debt 3,574,116 3,626,928 Deferred income taxes 978,032 974,467 Other noncurrent liabilities 174,608 169,556 Total Liabilities 4,913,442 4,973,788 Commitments and contingencies (refer to note 15) Stockholders' Equity: Preferred stock ($ 0.01 par value; 4,000,000 shares authorized; none issued or outstanding) — — Common stock ($ 0.01 par value; 40,000,000 shares authorized; 6,175,399 shares issued; and 5,619,098 and 5,616,987 shares outstanding as of March 31, 2024 and December 31, 2023, respectively) 62 62 Additional paid-in capital 615,039 607,574 Retained earnings 1,856,054 1,825,542 Accumulated other comprehensive income (loss) 55,019 36,745 Treasury stock, at cost ( 556,301 and 558,412 shares held as of March 31, 2024 and December 31, 2023, respectively) ( 599,433 ) ( 596,778 ) Total Stockholders' Equity 1,926,741 1,873,145 Total Liabilities and Stockholders' Equity $ 6,840,183 $ 6,846,933 See accompanying notes to the condensed consolidated financial statements. 1 Table of Contents CABLE ONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREH

View Full Filing

View this 10-Q filing on SEC EDGAR