Financial Performance - For the three months ended September 30, 2023, Charter Communications reported a net income of $181 million, compared to $182 million for the same period in 2022, reflecting a slight decrease of 0.5%[39]. - Total revenue for the three months ended September 30, 2023, was $13.584 billion, a 0.2% increase compared to $13.550 billion for the same period in 2022[82]. - Adjusted EBITDA for the three months ended September 30, 2023, was $5.449 billion, reflecting a 0.7% increase from $5.412 billion in the prior year[82]. - Consolidated net income for the three months ended September 30, 2023, was $1,255 million, compared to $1,021 million for the three months ended March 31, 2023[159]. - Net income attributable to Charter shareholders for the three months ended September 30, 2023, was $1,255 million, up from $1,185 million in the same period last year, reflecting a growth of 5.9%[183]. - Basic earnings per share for the three months ended September 30, 2023, were $8.42, compared to $7.51 for the same period in 2022, indicating an increase of 12.1%[183]. - Consolidated net income for the nine months ended September 30, 2023, was $4,032 million, a decrease of 9.7% from $4,464 million in 2022[185]. Revenue Streams - Charter's revenues for the nine months ended September 30, 2023, were impacted by competitive pressures from various market participants, including incumbent telephone companies and wireless broadband providers[5]. - Video revenue decreased by 8.6% to $4,004 million for the three months ended September 30, 2023, compared to $4,379 million in the same period of 2022[87]. - Mobile service revenue increased significantly by 33.8% to $581 million for the three months ended September 30, 2023, compared to $435 million in the same period of 2022[87]. - Advertising sales revenues decreased by $97 million and $201 million during the three and nine months ended September 30, 2023, respectively, primarily due to a decline in political ad revenue[60]. - Advertising sales for the three months ended September 30, 2023, were $384 million, down from $481 million in the same period in 2022, a decline of 20.2%[183]. Customer Metrics - The company experienced a decrease of 891,000 residential video customers from September 30, 2022, to September 30, 2023, attributed to a higher mix of lower-cost video packages and $63 million in customer credits due to programming issues[58]. - The company reported a decrease of 969,000 residential wireline voice customers from September 30, 2022, to September 30, 2023[59]. - SMB customers grew by 29,000 from September 30, 2022, to September 30, 2023, indicating a positive trend in customer acquisition[91]. Operating Costs and Expenses - Operating costs for the three months ended September 30, 2023, were approximately $8.299 billion, compared to $8.247 billion for the same period in 2022, indicating a slight increase[73]. - Operating costs and expenses for the three months ended September 30, 2023, were $10,458 million, compared to $10,626 million for the same period in 2022, a decrease of 1.58%[183]. - Programming costs for the three months ended September 30, 2023, were approximately $2.6 billion, representing 31% of total operating costs, down from 35% in the same period of 2022[61]. - Costs to service customers increased by $76 million for the three months ended September 30, 2023, primarily due to adjustments in job structure and benefits[93]. Capital Expenditures and Investments - Capital expenditures for 2023 are projected to be approximately $7.2 billion, excluding line extensions, with an additional $4 billion expected for line extensions[105]. - Capital expenditures for the three months ended September 30, 2023, were $3.0 billion, up from $2.4 billion in the same period of 2022, driven by increased spending on network evolution and customer premise equipment[124]. - The subsidized rural construction initiative accounted for $512 million in capital expenditures for the three months ended September 30, 2023, compared to $440 million in the same period of 2022[126]. - The increase in capital expenditures for the nine months ended September 30, 2023, was primarily due to an increase in line extensions related to the rural construction initiative and continued network expansion[124]. - Net cash used in investing activities increased to $8.5 billion for the nine months ended September 30, 2023, compared to $6.3 billion for the same period in 2022, primarily due to higher capital expenditures[123]. Debt and Financing - The total debt as of September 30, 2023, included a new Term B-3 loan of $750 million, maturing in 2030, with pricing set at SOFR plus 2.25%[35]. - Net interest expense increased by $146 million for the three months ended September 30, 2023, primarily due to higher average interest rates and an increase in average debt outstanding of approximately $1.2 billion[64]. - The company expects to utilize free cash flow and cash on hand to fund projected cash needs, with approximately $3.3 billion available under credit facilities as of September 30, 2023[100]. - In February 2023, the company issued $1.1 billion of 7.375% senior unsecured notes due March 2031[164]. - The estimated fair value of the company's senior unsecured and secured notes and debentures as of September 30, 2023, was $97,588 million[190]. Stock and Shareholder Information - The company purchased 196,409 shares of Class A common stock for $78 million during the three months ended September 30, 2023, compared to 836,655 shares for $385 million in the same period of 2022[21]. - Charter purchased approximately 1.8 million shares of its Class A common stock for approximately $776 million during the three months ended September 30, 2023[132]. - As of September 30, 2023, Charter had remaining board authority to purchase an additional $672 million of Charter's Class A common stock and/or Charter Holdings common units[132]. - The company repurchased $790 million in treasury stock during the three months ended September 30, 2023[159]. - The total unrecognized compensation remaining to be recognized in future periods totaled $472 million for stock options as of September 30, 2023[176]. Other Notable Information - The company is currently involved in multiple patent infringement lawsuits, with trials scheduled for December 2023 and October 2024, which may impact future operations[178]. - The company reported a foreign currency remeasurement gain of $64 million related to Sterling Notes for the three months ended September 30, 2023[170]. - The company reported a loss on equity investments primarily related to its joint venture in Xumo, a next-generation streaming platform[202]. - The company experienced a decrease in accounts receivable, which improved to $(11) million from $(262) million in the previous year[185].

Charter Communications, Inc. (NASDAQ:CHTR) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Stefan Anninger - IR Chris Winfrey - President and CEO Tom Rutledge - Executive Chairman Jessica Fischer - CFO Conference Call Participants Ben Swinburne - Morgan Stanley Phil Cusick - JPMorgan John Hodulik - UBS Jonathan Chaplin - New Street Brett Feldman - Goldman Sachs Craig Moffett - MoffettNathanson Vijay Jayant - Evercore Bryan Kraft - Deutsche Bank Michael Rollins - Citi Operator ...

Financial Performance - Consolidated net income for the six months ended June 30, 2023, was $2,596 million, down from $3,097 million in 2022, representing a decrease of approximately 16.1%[93] - Charter Communications reported revenues of $13,659 million for the three months ended June 30, 2023, a slight increase from $13,598 million in the same period of 2022, and $27,312 million for the six months ended June 30, 2023, compared to $26,798 million in 2022[110] - The net income attributable to Charter shareholders for the three months ended June 30, 2023, was $1,223 million, down from $1,471 million in 2022, and for the six months, it was $2,244 million compared to $2,674 million in 2022[110] - Basic earnings per share for the three months ended June 30, 2023, were $8.15, a decrease from $8.96 in 2022, and diluted earnings per share were $8.05, down from $8.80 in 2022[110] - Total revenues increased by $61 million (0.5%) to $13,659 million for the three months ended June 30, 2023, compared to $13,598 million for the same period in 2022[178] Revenue Streams - Revenue from Internet services for the three months ended June 30, 2023, was $5.733 billion, an increase from $5.562 billion in the same period of 2022, representing a growth of 3.1%[128] - The decrease in video revenues was attributed to fewer customers and a higher mix of lower-cost video packages within the video customer base[53] - The company added 648,000 mobile lines, 77,000 Internet customers, and 17,000 residential and SMB customer relationships during the second quarter of 2023[158] - SMB revenues grew due to an increase of 37,000 SMB customers from June 30, 2022, to June 30, 2023[167] Operating Costs and Expenses - Operating costs and expenses for the three months ended June 30, 2023, were $8,305 million, up from $8,193 million in 2022, while for the six months, they totaled $16,816 million compared to $16,327 million in 2022[110] - Operating expenses increased primarily due to adjustments in job structure and pay, resulting in a $72 million increase in costs to service customers for the three months ended June 30, 2023[191] - Sales and marketing costs increased by $31 million and $97 million during the three and six months ended June 30, 2023, respectively, primarily due to higher staffing across sales channels[169] Cash Flow and Capital Expenditures - Free cash flow decreased by $991 million (59.7%) to $668 million for the three months ended June 30, 2023, compared to $1,659 million for the same period in 2022[200] - Capital expenditures were $2.8 billion and $5.3 billion for the three and six months ended June 30, 2023, respectively, up from $2.2 billion and $4.1 billion in 2022[220] - Net cash used in investing activities was $5.6 billion for the six months ended June 30, 2023, compared to $4.1 billion in 2022[237] Shareholder Equity and Debt - Total shareholders' equity rose to $14,027 million from $12,549 million, an increase of about 11.8%[92] - The company had total long-term debt of $97,760 million as of June 30, 2023, compared to $97,970 million as of December 31, 2022[118] - Long-term debt borrowings totaled $11,048 million, while repayments were $10,735 million, resulting in a net increase in long-term debt[93] - The principal amount of Charter's debt as of June 30, 2023, was $97.8 billion, consisting of various types of loans and notes[198] Stock and Share Buybacks - Charter purchased approximately 1.0 million shares of Class A common stock for approximately $324 million during the three months ended June 30, 2023[239] - Share buybacks for the three months ended June 30, 2023, totaled 954,330 shares, compared to 7,264,833 shares in the same period of 2022[122] - The company expects to continue buying back its common stock consistent with its leverage target range, depending on market conditions[199] Tax and Other Expenses - Income tax expense recognized was $444 million and $818 million for the three and six months ended June 30, 2023, compared to $489 million and $834 million for the same periods in 2022, indicating a decrease in tax expense due to lower pretax income[64] - The company reported a decrease in property tax and insurance expense during the three and six months ended June 30, 2023, due to favorable developments on prior year workers' compensation claims[54] Internal Controls and Financial Reporting - The company has not experienced any material changes in its internal control over financial reporting that could affect its financial reporting[41]

First Quarter 2023 Results 6 Quarterly Highlights 2.5% $117.58 $120.56 1Q22 1Q23 LTM Adjusted EBITDA1) • Other costs of revenue increased 19.9% Y/Y primarily driven by higher mobile device sales and other mobile direct costs 1) See notes on slide 16. Adjusted EBITDA1) $ 5,350 $ 5,213 $ 137 Income from Operations 2,926 2,771 155 Income before Income Taxes 1,557 1,734 (177) Less: Noncontrolling Interest (162) (186) 24 Earnings per Common Share Diluted $ 6.65 $ 6.90 $ (0.25) • Adjusted EBITDA1) $137M higher Y/ ...

Charter Communications, Inc. (NASDAQ:CHTR) Q1 2023 Earnings Conference Call April 28, 2023 8:30 AM ET Company Participants Stefan Anninger - Investor Relations Chris Winfrey - President and Chief Executive Officer Tom Rutledge - Executive Chairman Jessica Fischer - Chief Financial Officer Conference Call Participants Doug Mitchelson - Credit Suisse Ben Swinburne - Morgan Stanley John Hodulik - UBS Phil Cusick - JPMorgan Peter Supino - Wolfe Research Jonathan Chaplin - New Street Craig Moffett - MoffettNatha ...

Stock Repurchases and Shareholder Returns - Charter purchased approximately 2.3 million shares of its Class A common stock for approximately $863 million during Q1 2023, including 0.1 million shares from Liberty Broadband at an average price of $345.53 per share[192] - Charter Holdings purchased 0.3 million common units from A/N at an average price of $376.32 per unit, totaling $122 million in Q1 2023[192] - As of March 31, 2023, Charter had remaining board authority to purchase an additional $305 million of its Class A common stock and/or Charter Holdings common units[192] - Charter repurchased 1,130,701 shares in January 2023 at an average price of $369.43 per share, 840,442 shares in February at $394.80 per share, and 501,772 shares in March at $354.90 per share[209] - The company had approximately $771 million remaining under its share repurchase program as of January 31, 2023, which decreased to $305 million by March 31, 2023[209] - The company repurchased 2,304,419 shares of Charter Class A common stock for $863 million in Q1 2023, with remaining board authority to purchase an additional $305 million[55][56] Financial Performance and Metrics - Adjusted EBITDA for Q1 2023 was $5.35 billion, compared to $5.213 billion in Q1 2022, reflecting a 2.6% increase[147] - Free cash flow for Q1 2023 decreased to $664 million from $1.8 billion in Q1 2022, a 63.1% decline[147] - Net income attributable to Charter shareholders for Q1 2023 was $1.021 billion, down from $1.203 billion in Q1 2022, a 15.1% decrease[147] - Revenue for Q1 2023 increased to $13.653 billion, up from $13.2 billion in Q1 2022, representing a growth of approximately 3.4%[32] - Operating income rose to $2.926 billion in Q1 2023, compared to $2.771 billion in Q1 2022, reflecting a 5.6% increase[32] - Net income attributable to Charter shareholders was $1.021 billion in Q1 2023, down from $1.203 billion in Q1 2022, a decrease of 15.1%[43] - Basic earnings per share (EPS) decreased to $6.74 in Q1 2023 from $7.05 in Q1 2022, while diluted EPS dropped to $6.65 from $6.90[33] - Adjusted EBITDA grew by 2.6% to $5.350 billion, and income from operations increased by 5.6% to $2.926 billion for the three months ended March 31, 2023[72] - Revenue increased to $13.653 billion in 2023 from $13.200 billion in 2022, representing a growth of 3.4%[82] - Net income attributable to Charter shareholders decreased to $1.021 billion in 2023 from $1.203 billion in 2022, a decline of 15.1%[82] - Net income attributable to Charter shareholders decreased to $1,021 million in Q1 2023 from $1,203 million in Q1 2022[121] Capital Expenditures and Investments - Total capital expenditures increased from $1.857 billion in Q1 2022 to $2.464 billion in Q1 2023, with significant increases in customer premise equipment (from $469 million to $537 million) and upgrade/rebuild (from $159 million to $289 million)[198] - Subsidized rural construction line extensions more than doubled from $192 million in Q1 2022 to $371 million in Q1 2023[198] - Purchases of property, plant, and equipment in Q1 2023 totaled $2.464 billion, up from $1.857 billion in Q1 2022, a 32.7% increase[21] - Capital expenditures for Q1 2023 were $1.592 billion, down from $1.792 billion in Q1 2022, a reduction of 11.2%[40] - Charter spent $391 million on its subsidized rural construction initiative in Q1 2023, activating approximately 44,000 subsidized rural passings[71] Debt and Financing - Long-term debt stood at $95.973 billion as of March 31, 2023, slightly down from $96.093 billion at the end of 2022[19] - Long-term debt increased with the issuance of $1.1 billion in senior unsecured notes in February 2023, used for general corporate purposes and stock buybacks[41] - Charter Operating amended its credit agreement in March 2023, adding a $750 million Term B-3 loan with a maturity in 2030[42] - Charter's senior unsecured notes had a fair value of $23.638 billion as of March 31, 2023, compared to $22.426 billion as of December 31, 2022[52] - The company's credit facilities had a fair value of $14.267 billion as of March 31, 2023, classified within Level 2 of the valuation hierarchy[60] Cash Flow and Liquidity - Charter's cash and cash equivalents decreased from $645 million as of December 31, 2022 to $534 million as of March 31, 2023[195] - Net cash flows from operating activities for Q1 2023 were $3.323 billion, compared to $3.647 billion in Q1 2022, a 8.9% decrease[21] - Cash and cash equivalents at the end of Q1 2023 were $534 million, down from $645 million at the end of 2022[19] Revenue and Cost Analysis - Programming costs increased by $178 million in Q1 2023 compared to Q1 2022[148] - Other costs of revenue rose by $220 million in Q1 2023 compared to the same period in 2022[148] - Programming costs remained high at $1.882 billion in Q1 2023, slightly down from $1.914 billion in Q1 2022[40] - Labor costs decreased to $959 million in Q1 2023 from $1.314 billion in Q1 2022, a significant reduction of 27%[40] - Interest expense increased to $1.265 billion in Q1 2023, up from $1.060 billion in Q1 2022, reflecting higher debt levels[43] - Total revenues grew by $453 million (3.4%) for the three months ended March 31, 2023, compared to the same period in 2022, driven by price adjustments and increases in residential mobile, Internet, and commercial customers[74] - Internet revenue increased by 4.9% to $5.718 billion, while mobile service revenue surged by 28.3% to $497 million for the three months ended March 31, 2023[70] - Internet revenue grew to $5.718 billion in 2023 from $5.452 billion in 2022, while video revenue declined to $4.254 billion from $4.346 billion[102] - Mobile service revenue increased to $497 million in 2023 from $387 million in 2022, reflecting a growth of 28.4%[102] - Residential revenue rose to $10.842 billion in 2023 from $10.576 billion in 2022, while commercial revenue increased to $1.773 billion from $1.731 billion[102] - Other revenues increased by $173 million in Q1 2023 compared to Q1 2022, primarily due to higher mobile device sales[132] - Advertising sales revenues decreased by $28 million in Q1 2023 compared to Q1 2022, primarily due to a decrease in political and local ad revenue[131] - Programming costs decreased to $2.8 billion in Q1 2023 from $3.0 billion in Q1 2022, representing 33% and 37% of total operating costs and expenses, respectively[134] Customer Metrics and Growth - The company added 686,000 mobile lines, 76,000 Internet customers, and 16,000 residential and SMB customer relationships (excluding mobile-only customers) in Q1 2023[78] - Residential customer relationships slightly decreased to 29,996,000 in 2023 from 30,035,000 in 2022, while SMB customer relationships increased to 2,215,000 from 2,163,000[84] - Monthly residential revenue per customer increased to $120.56 in 2023 from $117.58 in 2022, while monthly SMB revenue per customer decreased to $164.58 from $165.58[84] - Total mobile lines increased significantly to 5,978,000 in 2023 from 3,937,000 in 2022, driven by growth in both residential and SMB segments[84] - Residential Internet customers grew by 178,000 from March 31, 2022 to March 31, 2023[127] - Residential video customers decreased by 833,000 from March 31, 2022 to March 31, 2023[128] - Residential mobile service revenues increased by $110 million in Q1 2023 compared to Q1 2022, driven by an increase of 1,977,000 mobile lines[139] - SMB customers grew by 52,000 from March 31, 2022 to March 31, 2023[140] - Enterprise PSUs increased by 14,000 from March 31, 2022 to March 31, 2023[141] Assets and Liabilities - Total current assets as of March 31, 2023, were $4.067 billion, up from $4.017 billion at the end of 2022[19] - Accounts receivable, net, included $632 million of current equipment installment plan receivables as of March 31, 2023, up from $577 million as of December 31, 2022[102] - The fair value of the company's cross-currency derivatives was $565 million as of March 31, 2023, slightly down from $570 million as of December 31, 2022[101] Technology and Network Investments - Charter's Advanced WiFi service, offering speeds up to 1 Gbps, is available to all Internet customers, with plans to upgrade to multi-gigabit speeds over the next three years[71] - The company continues to invest in its 5G mobile data-only network leveraging CBRS Priority Access Licenses[71] Compensation and Expenses - Stock compensation expense increased to $208 million in Q1 2023 from $147 million in Q1 2022[119]

Charter Communications, Inc. (NASDAQ:CHTR) Q4 2022 Earnings Conference Call January 27, 2023 8:30 AM ET Company Participants Stefan Anninger - Head of Investor Relations Christopher Winfrey - CEO Jessica Fischer - CFO Thomas Rutledge - Executive Chairman Conference Call Participants Jonathan Chaplin - New Street Research Vijay Jayant - Evercore ISI Craig Moffett - MoffettNathanson Philip Cusick - JPMorgan Kutgun Maral - RBC Capital Markets Douglas Mitchelson - Credit Suisse Benjamin Swinburne - Morgan ...

Washington, D.C. 20549 ______________ (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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to section 12(g) of the Act: None If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial ...

Charter Communications, Inc. (NASDAQ:CHTR) Q3 2022 Earnings Conference Call October 28, 2022 8:30 AM ET Company Participants Stefan Anninger - Head of Investor Relations Tom Rutledge - Chairman & Chief Executive Officer Chris Winfrey - Chief Operating Officer Jessica Fischer - Chief Financial Officer Conference Call Participants Doug Mitchelson - Credit Suisse Benjamin Swinburne - Morgan Stanley Craig Moffett - MoffettNathanson Philip Cusick - JPMorgan Jonathan Chaplin - New Street Vijay Jayant - Evercore P ...

Third Quarter 2022 Results October 28, 2022 Cautionary Statement Regarding Forward-Looking Statements This quarterly presentation 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. Although we believe that our plans, intentions and expectations as reflected in or suggested by these fo ...