Cable One, Inc. Files Q2 2024 10-Q
Ticker: CABO · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1632127
Sentiment: neutral
Topics: 10-Q, earnings, financials
Related Tickers: CABO
TL;DR
**CABLE ONE (CABO) FILED ITS Q2 10-Q - CHECK FINANCIALS NOW!**
AI Summary
Cable One, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and disclosures relevant to investors are presented in this report.
Why It Matters
This filing provides investors with the official financial results and operational details for Cable One, Inc. during the second quarter of 2024, enabling informed investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health or operational risks for the company.
Key Numbers
- 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
- 2024-08-02 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
- Q2 2024 — Quarterly Period (Specifies the financial quarter covered by the report.)
Key Players & Entities
- Cable One, Inc. (company) — Filer of the 10-Q report
- 2024-06-30 (date) — End of the reporting period
- 2024-08-02 (date) — Date the filing was made
- 2024-04-01 (date) — Start of the second quarter of 2024
- 2023-06-30 (date) — End of the second quarter of 2023
FAQ
What were Cable One's key financial results for the second quarter of 2024?
The 10-Q filing for the period ending June 30, 2024, details Cable One's financial performance during Q2 2024, though specific figures like revenue or net income are not provided in this header information.
When did Cable One file its 10-Q for the period ending June 30, 2024?
Cable One, Inc. filed its 10-Q for the period ending June 30, 2024, on August 2, 2024.
What is the fiscal year-end for Cable One, Inc.?
Cable One, Inc.'s fiscal year ends on December 31.
What is the SIC code for Cable One, Inc.?
The Standard Industrial Classification (SIC) code for Cable One, Inc. is 4841, which corresponds to Cable & Other Pay Television Services.
What is the SEC file number for Cable One, Inc.?
The SEC file number for Cable One, Inc. is 001-36863.
Filing Stats: 4,594 words · 18 min read · ~15 pages · Grade level 18.1 · Accepted 2024-08-01 18:00:15
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 CABO New York Stock Exchange Indicate
Filing Documents
- cabo-20240630.htm (10-Q) — 1632KB
- a2024q2-exhibit311.htm (EX-31.1) — 10KB
- a2024q2-exhibit312.htm (EX-31.2) — 10KB
- a2024q2-exhibit32.htm (EX-32) — 8KB
- cabo-20240630_g1.jpg (GRAPHIC) — 12KB
- 0001632127-24-000105.txt ( ) — 9304KB
- cabo-20240630.xsd (EX-101.SCH) — 60KB
- cabo-20240630_cal.xml (EX-101.CAL) — 98KB
- cabo-20240630_def.xml (EX-101.DEF) — 344KB
- cabo-20240630_lab.xml (EX-101.LAB) — 773KB
- cabo-20240630_pre.xml (EX-101.PRE) — 578KB
- cabo-20240630_htm.xml (XML) — 1470KB
: 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 25 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 39 Item 4.
Controls and Procedures
Controls and Procedures 39
: OTHER INFORMATION
PART II: OTHER INFORMATION 40 Item 1.
Legal Proceedings
Legal Proceedings 40 Item 1A.
Risk Factors
Risk Factors 40 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40 Item 3. Defaults Upon Senior Securities 40 Item 4. Mine Safety Disclosures 40 Item 5. Other Information 40 Item 6. Exhibits 41
SIGNATURES
SIGNATURES 42 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, announced organizational changes, dividend policy, capital allocation, financing strategy, ability to fund the purchase price payable if the put option associated with the remaining equity interests in Mega Broadband Investments Holdings LLC ("MBI") is exercised, 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
: 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) June 30, 2024 December 31, 2023 Assets Current Assets: Cash and cash equivalents $ 201,518 $ 190,289 Accounts receivable, net 66,051 93,973 Prepaid and other current assets 71,177 58,116 Total Current Assets 338,746 342,378 Equity investments 1,128,363 1,125,447 Property, plant and equipment, net 1,785,765 1,791,120 Intangible assets, net 2,563,427 2,595,892 Goodwill 928,947 928,947 Other noncurrent assets 82,393 63,149 Total Assets $ 6,827,641 $ 6,846,933 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable and accrued liabilities $ 142,297 $ 156,645 Deferred revenue 26,270 27,169 Current portion of long-term debt 18,898 19,023 Total Current Liabilities 187,465 202,837 Long-term debt 3,521,450 3,626,928 Deferred income taxes 972,144 974,467 Other noncurrent liabilities 182,958 169,556 Total Liabilities 4,864,017 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 5,619,200 and 5,616,987 shares outstanding as of June 30, 2024 and December 31, 2023, respectively) 62 62 Additional paid-in capital 622,150 607,574 Retained earnings 1,886,596 1,825,542 Accumulated other comprehensive income (loss) 54,326 36,745 Treasury stock, at cost ( 556,199 and 558,412 shares held as of June 30, 2024 and December 31, 2023, respectively) ( 599,510 ) ( 596,778 ) Total Stockholders' Equity 1,963,624 1,873,145 Total Liabilities and Stockholders' Equity $ 6,827,641 $ 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 COMPREHENS