Financial Data and Key Metrics Changes - Revenue growth in Q3 was 5.8% year over year, with a 2.3% growth after adjusting for regional sports network credits and an additional $69 million of AirStrand revenue [5][6] - Adjusted EBITDA grew 3.4% year over year with a margin of 45.2% [7][27] - Free cash flow for Q3 was $389 million, totaling over $1.3 billion year-to-date, with a target of approximately $1.6 billion for the year [7][29] Business Line Data and Key Metrics Changes - Residential revenue grew 2.2% in Q3 but declined 1.9% when adjusted for RSN credits [8] - Business services revenue grew 21.7% on a reported basis, but only 2% when excluding RSN credits and AirStrand revenue [9] - News and advertising revenue increased by 15.7% in Q3, supported by a strong recovery in local, regional, and national advertising [11] Market Data and Key Metrics Changes - Broadband customer net losses were 13,000 in Q3, with expectations to return to growth in Q4 [6][10] - SMB customer growth in business services was reported at 2.6% in Q3, indicating recovery towards pre-pandemic levels [10] - The company noted improvements in retail and commercial office space vacancy rates, contributing to business service recovery [10] Company Strategy and Development Direction - The company is accelerating its fiber network rollout to enhance broadband service and reduce churn [13][19] - New competitive offers have been rolled out to support customer growth, with a focus on improving customer experience [14][23] - Plans to rebrand Suddenlink to Optimum are in place to unify marketing and customer experience across the country [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unusual operating environment due to the pandemic and expressed confidence in returning to customer growth [6][10] - There is an expectation of increased operating costs and CapEx in 2022, which may negatively impact margins but is seen as necessary for long-term growth [28][33] - Management remains optimistic about operational performance improvements and customer experience enhancements [26][41] Other Important Information - The company has reduced the pace of share repurchases to $79 million in Q3, now targeting up to $1 billion for the year [7][33] - The updated financial outlook includes expectations for revenue and EBITDA growth, with a cash CapEx target for 2021 at the lower end of the prior guidance range [33] Q&A Session Summary Question: Can you discuss the ability to grow EBITDA next year given the spending? - Management indicated that there may be a decline in EBITDA due to increased expenses and one-off revenue impacts [35][37] Question: What are the thoughts on ARPU trends and pricing strategies? - Management noted that while ARPU levels have slightly declined, they expect to sustain existing ARPU levels through higher speed offerings and competitive pricing [35][38] Question: Can you provide insights on the fiber build aspirations beyond next year? - Management anticipates covering 3.5 to 4 million homes with fiber by the end of 2023, with a focus on strategic areas [45][46] Question: How is the company addressing competition in the broadband market? - Management acknowledged increased competition but expressed confidence in their ability to recover customer losses through improved product offerings and customer experience [58][60] Question: What is the status of the share repurchase program? - Management clarified that while they have a guidance of under $1 billion for share repurchases, they do not plan to spend the remaining amount in the near term [73][74]

PART I. FINANCIAL INFORMATION This section provides a comprehensive overview of the company's financial performance and position [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Unaudited consolidated financial statements for Altice USA, Inc., covering balance sheets, operations, cash flows, and comprehensive notes [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) This section presents the company's financial position, detailing assets, liabilities, and equity at specific reporting dates Consolidated Balance Sheet Summary (in thousands) | Account | Sep 30, 2020 (Unaudited) | Dec 31, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Total current assets | $1,606,886 | $1,381,356 | | Total assets | $33,900,012 | $34,108,122 | | **Liabilities & Equity** | | | | Total current liabilities | $1,961,707 | $1,978,479 | | Long-term debt, net | $25,476,051 | $24,249,603 | | Total liabilities | $33,138,659 | $31,720,309 | | Total stockholders' equity | $745,343 | $2,279,262 | - Total assets slightly decreased, while total liabilities increased, primarily due to a rise in long-term debt, leading to a significant reduction in total stockholders' equity from **$2.28 billion** to **$745 million**, driven by share repurchases and changes in paid-in capital[10](index=10&type=chunk)[12](index=12&type=chunk)[13](index=13&type=chunk) [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) This section outlines the company's financial performance, including revenue, operating income, net income, and diluted EPS Consolidated Statements of Operations Summary (in thousands, except per share amounts) | Metric | Three Months Ended Sep 30, 2020 | Three Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $2,433,986 | $2,438,662 | $7,359,221 | $7,286,310 | | Operating Income | $549,293 | $471,515 | $1,506,570 | $1,396,536 | | Net Income (Loss) | $(2,729) | $77,396 | $107,210 | $138,608 | | Diluted EPS | $(0.01) | $0.12 | $0.18 | $0.21 | - For the nine months ended Sep 30, 2020, revenue increased slightly year-over-year, and operating income grew by **7.9%**; however, net income decreased from **$138.6 million** to **$107.2 million**, impacted by significant losses on extinguishment of debt and derivative contracts during the period[16](index=16&type=chunk) [Consolidated Statements of Cash Flows](index=16&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section details cash flows from operating, investing, and financing activities over the reporting period Consolidated Statements of Cash Flows Summary (in thousands) | Cash Flow Category | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $2,188,661 | $1,833,987 | | Net cash used in investing activities | $(874,665) | $(1,202,741) | | Net cash used in financing activities | $(1,030,308) | $(753,967) | | Net increase (decrease) in cash | $282,165 | $(123,686) | - Cash from operations increased by **19.3% YoY** for the nine-month period, while investing activities saw reduced cash use due to lower capital expenditures (**$729 million** in 2020 vs **$1.03 billion** in 2019), and financing activities used more cash, driven by significant share repurchases (**$1.81 billion**) despite net positive debt issuance activity[37](index=37&type=chunk)[38](index=38&type=chunk) [Notes to Consolidated Financial Statements](index=26&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed explanations of accounting policies, significant transactions, and other financial disclosures - In July 2020, the company agreed to sell **49.99%** of its Lightpath fiber enterprise business for an implied enterprise value of **$3.2 billion**, expecting to receive approximately **$2.3 billion** in gross cash proceeds and retain a **50.01%** controlling interest[58](index=58&type=chunk) - For the nine months ended September 30, 2020, the company repurchased **73.9 million** shares of Class A common stock for approximately **$1.83 billion**, with approximately **$2.98 billion** remaining available under the share repurchase program as of September 30, 2020[57](index=57&type=chunk) - The company engaged in significant debt refinancing activities during the quarter, including issuing new senior notes and using proceeds to redeem higher-coupon notes, resulting in a loss on extinguishment of debt of **$250.5 million** for the nine-month period[87](index=87&type=chunk)[88](index=88&type=chunk)[92](index=92&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=47&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses operational and financial performance, including revenue trends, Adjusted EBITDA, liquidity, and capital resources [Results of Operations](index=49&type=section&id=Results%20of%20Operations) This section analyzes revenue and expense trends by segment, highlighting key drivers of financial performance and Adjusted EBITDA Revenue by Segment - Nine Months Ended Sep 30 (in thousands) | Revenue Segment | 2020 | 2019 | % Change | | :--- | :--- | :--- | :--- | | Residential: Broadband | $2,747,129 | $2,396,151 | 14.6% | | Residential: Video | $2,766,608 | $3,028,914 | -8.7% | | Residential: Telephony | $358,347 | $452,927 | -20.9% | | Business services & wholesale | $1,092,309 | $1,066,123 | 2.5% | | News and advertising | $326,348 | $327,255 | -0.3% | | Mobile | $57,944 | $3,174 | 1725.6% | | **Total Revenue** | **$7,359,221** | **$7,286,310** | **1.0%** | - Broadband revenue growth of **15%** for the nine-month period was driven by higher average recurring revenue per customer and an increase in the number of broadband customers[145](index=145&type=chunk) - Video revenue decreased by **9%** for the nine-month period, primarily due to a decline in video customers and estimated customer credits of approximately **$76.7 million** related to undelivered sports programming[146](index=146&type=chunk) Reconciliation of Net Income to Adjusted EBITDA - Nine Months Ended Sep 30 (in thousands) | Line Item | 2020 | 2019 | | :--- | :--- | :--- | | Net income | $107,210 | $138,608 | | Adjustments (Taxes, Interest, D&A, etc.) | $3,156,624 | $3,041,863 | | **Adjusted EBITDA** | **$3,263,834** | **$3,180,471** | [Liquidity and Capital Resources](index=59&type=section&id=Liquidity%20and%20Capital%20Resources) This section discusses the company's financial resources, leverage targets, asset sales, and capital expenditure plans - The company targets a year-end leverage ratio of **4.5x** to **5.0x** for its CSC Holdings debt silo, believing existing cash, operating cash flows, and credit facility availability are adequate to support operations, capital expenditures, and debt service for the next twelve months[178](index=178&type=chunk) - In July 2020, the company agreed to sell **49.99%** of its Lightpath business, expecting gross cash proceeds of approximately **$2.3 billion**, which may be used for debt repayment, share repurchases, or other investments[181](index=181&type=chunk) Capital Expenditures (Cash Basis, in thousands) | Category | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | | Customer premise equipment | $127,667 | $267,408 | | Network infrastructure | $366,877 | $459,594 | | Support and other | $142,984 | $176,313 | | Business services | $91,849 | $129,240 | | **Total Capital Purchases** | **$729,377** | **$1,032,555** | [Quantitative and Qualitative Disclosures About Market Risk](index=66&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to equity price risk from its Comcast common stock holdings, hedged with derivatives, and interest rate risk on variable-rate debt, managed with swaps - The company holds Comcast common stock with a fair value of **$1.99 billion** as of September 30, 2020, a position hedged with prepaid forward contracts to monetize value and limit downside price risk[207](index=207&type=chunk) - The company uses interest rate swaps with a total notional value of **$6.85 billion** as of September 30, 2020, to manage exposure to floating interest rates, with changes in fair value recorded in the statement of operations as these swaps are not designated as hedges[211](index=211&type=chunk)[212](index=212&type=chunk) - A hypothetical **100 basis point (1%)** decrease in interest rates would increase the estimated fair value of the company's fixed-rate debt by approximately **$719 million**[210](index=210&type=chunk) [Controls and Procedures](index=67&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded the company's disclosure controls and procedures were effective as of September 30, 2020 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the quarter[214](index=214&type=chunk)[215](index=215&type=chunk) - There were no changes in internal control over financial reporting during the period that have materially affected, or are reasonably likely to materially affect, the company's internal controls[216](index=216&type=chunk) PART II. OTHER INFORMATION This section covers non-financial disclosures such as legal proceedings, risk factors, and equity security transactions [Legal Proceedings](index=68&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in several legal proceedings, including class action lawsuits from IPO stockholders and patent infringement lawsuits by Sprint - The company is defending against class action lawsuits from IPO stockholders alleging misrepresentation in the Registration Statement, with a state court case on appeal and a federal case ongoing[126](index=126&type=chunk)[127](index=127&type=chunk) - Sprint Communications has filed two patent infringement lawsuits against the company related to Voice over Internet Protocol (VoIP) and Video-on-Demand (VOD) services[127](index=127&type=chunk) [Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) This section updates the company's risk factors, highlighting potential adverse effects of the COVID-19 pandemic and future stock sales - The COVID-19 pandemic is identified as a significant risk that could materially impact the business through reduced demand, customer inability to pay, and potential delays in capital investments like the FTTH buildout[219](index=219&type=chunk) - A substantial sale of Class A common stock by existing major stockholders, or the perception of such a sale, could cause the stock's market price to decline[219](index=219&type=chunk)[220](index=220&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports on the company's share repurchase activities and the remaining authorization under its buyback programs Issuer Purchases of Equity Securities (Q3 2020) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 2020 | 2,274,781 | $24.15 | | August 2020 | 9,110,608 | $27.00 | | September 2020 | 5,583,599 | $26.49 | | **Total Q3** | **16,968,988** | **$26.53 (weighted avg)** | - As of September 30, 2020, the company had approximately **$2.98 billion** remaining under its authorized share repurchase programs[222](index=222&type=chunk)

Altice USA Inc. (NYSE:ATUS) Q2 2020 Earnings Conference Call July 30, 2020 4:30 PM ET Company Participants Nick Brown - Investor Relations Dexter Goei - Chief Executive Officer Mike Grau - Chief Financial Officer Conference Call Participants Craig Moffett - MoffettNathanson Brett Feldman - Goldman Sachs Philip Cusick - JPMorgan Doug Mitchelson - Crédit Suisse John Hodulik - UBS Michael Rollins - Citi Andrew Beale - Arete Research Frank Louthan - Raymond James Operator Ladies and gentlemen, thank you for sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition | --- | --- | --- | |--------------------------|------------------------------------------------------------------------------|-------------------------------------| | | | ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company's unaudited statements show a reduced net loss of $1.5 million for Q1 2020 [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) Total assets slightly decreased to $33.40 billion while stockholders' equity declined due to share repurchases Consolidated Balance Sheet Summary (in thousands) | Balance Sheet Item | March 31, 2020 (Unaudited) | December 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$33,396,480** | **$34,108,122** | | Total Current Assets | $927,614 | $1,381,356 | | Goodwill | $8,142,309 | $8,142,309 | | **Total Liabilities** | **$31,740,253** | **$31,720,309** | | Long-term debt, net | $24,267,820 | $24,249,603 | | **Total Stockholders' Equity** | **$1,590,415** | **$2,279,262** | [Consolidated Statements of Operations](index=9&type=section&id=Consolidated%20Statements%20of%20Operations) Q1 2020 revenue grew slightly to $2.45 billion, with net loss improving significantly to $1.5 million Q1 2020 vs Q1 2019 Statement of Operations (in thousands) | Metric | Three Months Ended March 31, 2020 | Three Months Ended March 31, 2019 | | :--- | :--- | :--- | | **Revenue** | **$2,450,256** | **$2,396,567** | | Operating Income | $448,570 | $442,478 | | Gain (loss) on investments, net | ($455,473) | $254,725 | | Gain (loss) on derivative contracts, net | $439,861 | ($177,029) | | **Net Loss** | **($1,538)** | **($25,198)** | | Net loss attributable to Altice USA, Inc. stockholders | ($858) | ($24,999) | | Basic and diluted loss per share | $0.00 | ($0.04) | [Consolidated Statements of Cash Flows](index=13&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow increased to $593.6 million, while financing cash outflow grew due to share repurchases Q1 2020 vs Q1 2019 Cash Flows (in thousands) | Cash Flow Category | Three Months Ended March 31, 2020 | Three Months Ended March 31, 2019 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$593,565** | **$503,994** | | Net cash used in investing activities | ($297,743) | ($339,907) | | Net cash used in financing activities | ($752,803) | ($339,615) | | Net decrease in cash and cash equivalents | ($457,405) | ($175,773) | - The significant increase in cash used for financing activities was primarily driven by the purchase of Altice USA Class A common stock under a share repurchase program, which amounted to **$726.0 million in Q1 2020** compared to $586.8 million in Q1 2019[27](index=27&type=chunk) [Combined Notes to Consolidated Financial Statements](index=23&type=section&id=Combined%20Notes%20to%20Consolidated%20Financial%20Statements) Notes detail revenue sources, debt structure, share repurchases, and the tax impact of the CARES Act - The company operates principally through its Optimum and Suddenlink brands, providing broadband, video, and telephony services, and launched Altice Mobile in September 2019[44](index=44&type=chunk) - During Q1 2020, Altice USA repurchased **31,216,259 shares for approximately $750 million**, with approximately **$4.06 billion** remaining available under its share repurchase program as of March 31, 2020[46](index=46&type=chunk) - The Coronavirus Aid, Relief and Economic Security (CARES) Act positively impacted income tax computations, resulting in a **state tax benefit of approximately $10.5 million** for Q1 2020[86](index=86&type=chunk)[87](index=87&type=chunk) Revenue by Service (in thousands) | Service Line | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Residential:** | | | | Broadband | $885,529 | $775,573 | | Video | $947,061 | $1,017,330 | | Telephony | $125,030 | $154,464 | | **Business services and wholesale** | $364,530 | $350,689 | | **News and advertising** | $105,540 | $94,738 | | **Mobile** | $18,356 | $0 | | **Total revenue** | **$2,450,256** | **$2,396,567** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Broadband revenue growth offset video decline, while Free Cash Flow increased significantly to $294.5 million - Management states that for Q1 2020, the company's results of operations were not significantly impacted by the COVID-19 pandemic, but future results may be impacted[112](index=112&type=chunk) - The company's strategic focus includes constructing a fiber-to-the-home (FTTH) network and growing its Altice Mobile service, which had approximately **110,000 mobile lines** as of March 31, 2020[114](index=114&type=chunk)[130](index=130&type=chunk) Key Performance Indicators | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | Total Revenue | $2,450.3M | $2,396.6M | | Net Loss | ($1.5M) | ($25.2M) | | Adjusted EBITDA | $1,031.4M | $1,032.9M | | Operating Free Cash Flow | $732.3M | $692.6M | | Free Cash Flow | $294.5M | $163.6M | [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Revenue grew 2.2% YoY to $2.45 billion, driven by strong Broadband performance offsetting Video declines - Broadband revenue **grew 14% YoY** due to higher average recurring revenue per customer and an increase in the number of broadband customers[124](index=124&type=chunk) - Video revenue **decreased 7% YoY**, attributed to a decline in video customers and competition from Verizon, DBS providers, and internet-delivered content[125](index=125&type=chunk)[126](index=126&type=chunk) - Programming and other direct costs **increased by 6% YoY**, primarily due to a $28.2 million increase in programming costs from contractual rate hikes[134](index=134&type=chunk) - The significant improvement in net loss was driven by a **$439.9 million gain on derivative contracts**, which largely offset a **$455.5 million loss on investments**[142](index=142&type=chunk)[143](index=143&type=chunk) [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains adequate liquidity with $24.45 billion in debt and targets a leverage ratio of 4.5x-5.0x - The company targets a year-end leverage ratio of **4.5x to 5.0x**, calculated as net debt to L2QA EBITDA[150](index=150&type=chunk) - In Q1 2020, the company repurchased **31.2 million shares for approximately $750 million** under its authorized share repurchase program[176](index=176&type=chunk) Capital Expenditures (in thousands) | Category | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | Customer premise equipment | $63,335 | $74,937 | | Network infrastructure | $140,063 | $139,978 | | Support and other | $60,626 | $93,777 | | Business services | $35,058 | $31,694 | | **Total Capital purchases (cash basis)** | **$299,082** | **$340,386** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from equity prices and interest rates through derivative contracts - The company's main equity price risk is from its holdings of Comcast common stock, valued at **$1.48 billion** as of March 31, 2020, which is managed through derivative contracts[178](index=178&type=chunk) - The fair value of the company's fixed-rate debt was **$18.02 billion**, which was **$805.9 million higher** than its carrying value of $17.22 billion as of March 31, 2020[182](index=182&type=chunk) - To manage interest rate risk, the company utilizes interest rate swap contracts with notional amounts totaling over **$5.0 billion**[183](index=183&type=chunk)[184](index=184&type=chunk) [Item 4. Controls and Procedures](index=53&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material internal control changes - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of March 31, 2020[187](index=187&type=chunk) - No changes in internal control over financial reporting occurred during the first quarter of 2020 that have materially affected, or are reasonably likely to materially affect, the company's internal controls[188](index=188&type=chunk) [PART II. OTHER INFORMATION](index=53&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=53&type=section&id=Item%201.%20Legal%20Proceedings) The company faces legal proceedings including IPO-related class actions and patent infringement lawsuits - The company is defending against class-action lawsuits filed by stockholders from its IPO, alleging that the Registration Statement and Prospectus misrepresented or omitted material facts[106](index=106&type=chunk) - Sprint Communications has filed two patent infringement lawsuits against the company concerning its Voice over Internet Protocol (VoIP) and Video on Demand (VOD) services[106](index=106&type=chunk) [Item 1A. Risk Factors](index=53&type=section&id=Item%201A.%20Risk%20Factors) Key updated risks include the potential adverse effects of the COVID-19 pandemic and stock price volatility - A new material risk factor is the **COVID-19 pandemic**, which could adversely impact the business through declining demand and disruptions to suppliers[190](index=190&type=chunk) - The company warns that substantial sales of its Class A common stock by existing major stockholders could cause the stock's market price to decline[192](index=192&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 31.2 million shares in Q1 2020, with $4.06 billion remaining for future buybacks - As of March 31, 2020, the company had approximately **$4.06 billion remaining** under its authorized share repurchase programs[193](index=193&type=chunk) Share Repurchases for Q1 2020 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | January 2020 | 5,178,537 | $28.36 | | February 2020 | 6,180,527 | $28.18 | | March 2020 | 19,857,195 | $21.60 | | **Q1 2020 Total** | **31,216,259** | **N/A** | [Item 6. Exhibits](index=55&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the report, including certifications and award agreements

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |----------------------------|-----------------------------------------------------|----------------------| | | | | | | | | | | Registrant; ...

Altice USA, Inc. (NYSE:ATUS) Q3 2019 Earnings Conference Call November 5, 2019 4:15 PM ET Company Participants Nick Brown - IR Dexter Goei - CEO Michael Grau - CFO Conference Call Participants John Hodulik - UBS Philip Cusick - JP Morgan Craig Moffett - MoffettNathanson Brett Feldman - Goldman Sachs James Ratcliffe - Evercore ISI Michael Rollins - Citi Jonathan Chaplin - New Street Research Marci Ryvicker - Wolfe Research Doug Mitchelson - Credit Suisse Bryan Kraft - Deutsche Bank Ben Swinburne - Morgan Sta ...