Financial Data and Key Metrics Changes - High-speed data (HSD) revenue for Q4 2023 was $108.7 million, up 1.5% year-over-year, while total revenue declined by 6.5% to $168.8 million due to drops in video and telephony revenue [9][22] - Adjusted EBITDA for Q4 2023 was $71.2 million, a decrease of 4.6% year-over-year, but with a record adjusted EBITDA margin of 42.2% [9][22] - For the full year, HSD revenue increased 4.4% to $430.4 million, while adjusted EBITDA declined by 1.7% to $275.4 million, with an adjusted EBITDA margin of 40.1% [10] Business Line Data and Key Metrics Changes - HSD revenue now constitutes 64% of total revenue, up from 59% in the same period last year, indicating a shift towards higher-margin services [22] - HSD average revenue per user (ARPU) reached a new high of $72.90, with expectations for further increases in 2024 [16] Market Data and Key Metrics Changes - The company passed 48,400 new homes in 2023, with 30,400 in Greenfield markets and 18,000 in Edge-outs, marking the most robust quarterly expansion in its history [10][11] - Penetration rates in Greenfield markets decreased to just under 10% in Q4 due to increased homes passed, but cohorts showed strong penetration rates averaging over 20% within the first six months after activation [18] Company Strategy and Development Direction - The company is focusing on market expansion and has seen positive early indicators in legacy markets to stabilize subscriber losses [8] - A simplified pricing model with no data caps and price locks has been introduced, which has been well received by customers [14] - The partnership with YouTube TV is expected to enhance content offerings and capitalize on the shift to video streaming [17] Management's Comments on Operating Environment and Future Outlook - Management noted that subscriber losses in Q4 were in line with expectations due to a challenging macro environment, but improvements are anticipated in Q1 2024 [13][32] - The company expects HSD subscribers to decline between 2,000 and 500 in Q1, a significant improvement from Q4 [33] Other Important Information - The company ended Q4 with total cash of $23.4 million and total outstanding debt of $934.5 million, with a leverage ratio of 3.3 times [26] - Expansion capital expenditures increased by $26.3 million year-over-year, with a focus on future growth [27] Q&A Session Summary Question: Guidance on improved broadband subscriber trajectory in Q1 - Management indicated that Q4 results were unusual due to a large rate increase and significant promo roll-offs, and they expect improvements in Q1 due to new strategies [34][35] Question: ACP program exposure and churn mitigation - The company has 30,000 customers on the ACP program, with 99% opting to continue services post-program, indicating confidence in subscriber retention [38] Question: Competitive landscape regarding telco fiber overlap - Management acknowledged some telco overlap but expressed confidence in competing effectively in those areas [40] Question: Subscriber losses versus new builds - Management noted that while there are losses in legacy markets, they are seeing improvements and expect a reversal of trends [46][47] Question: Customer churn reasons and competitive pressures - The majority of churn is to larger competitors like Comcast and Charter, but management is implementing strategies to reduce churn [50][51] Question: Liquidity position and CapEx plans - The company plans to be free cash flow positive for the full year, with reduced discretionary spending on expansion capital [64][66]

PART I [Business](index=3&type=section&id=Item%201%2E%20Business) WideOpenWest is a US broadband provider offering HSD, Video, and Telephony services across 16 markets - As of December 31, 2023, the company's network passed **1.9 million homes** and businesses, serving **504,100 customers**, a penetration rate of approximately **26%**[12](index=12&type=chunk) - The company's core strategy is 'broadband first', with approximately **89% of new customers** in 2023 purchasing HSD-only offerings[14](index=14&type=chunk)[21](index=21&type=chunk) - WOW faces significant competition from major cable operators, telecommunications companies, mobile 5G providers, and OTT video distributors[46](index=46&type=chunk)[47](index=47&type=chunk)[49](index=49&type=chunk) - As of December 31, 2023, the company employed **1,360 full-time employees** and emphasizes a culture of diversity, equity, and inclusion[53](index=53&type=chunk)[59](index=59&type=chunk) [Service Offerings](index=4&type=section&id=Our%20Service%20Offerings) The company provides tiered HSD, Video, and Telephony services with a primary focus on high-speed data - Approximately **76% of the customer base subscribed only to HSD service** as of December 31, 2023, reflecting the success of the broadband-first strategy[24](index=24&type=chunk) - The company offers a modern video platform, WOW tv+, which integrates traditional cable with cloud DVR and access to streaming apps[27](index=27&type=chunk) - Business services include advanced offerings such as fiber-based data speeds up to **10 Gbps**, metro Ethernet, and cloud infrastructure services[30](index=30&type=chunk)[44](index=44&type=chunk) [Competition](index=8&type=section&id=Competition) The company operates in a highly competitive environment against cable, FTTH, 5G, and OTT providers - Primary cable competitors are typically **Comcast or Charter**, while the largest telecommunications competitor is **AT&T**[46](index=46&type=chunk) - The company faces increasing competition from mobile phone companies like AT&T, T-Mobile, and Verizon, which offer **5G fixed wireless internet services**[47](index=47&type=chunk) - Video services face growing pressure from OTT content providers and virtual multichannel video programming distributors like YouTube TV[49](index=49&type=chunk) [Legislation and Regulation](index=10&type=section&id=Legislation%20and%20Regulation) Operations are subject to extensive federal, state, and local regulations, including potential net neutrality rules - In October 2023, the FCC proposed to reenact **'net neutrality' requirements** and classify broadband as a 'common carrier' service[74](index=74&type=chunk) - The company participates in the **Affordable Connectivity Program (ACP)**, a federal initiative providing discounts on broadband services[93](index=93&type=chunk) - All telecommunications providers must contribute to the Universal Service Fund, with the contribution factor for Q4 2023 at **34.5%**[91](index=91&type=chunk) [Risk Factors](index=17&type=section&id=Item%201A%2E%20Risk%20Factors) The company faces risks from intense competition, technological change, rising costs, regulation, and high debt - The company faces intense competition from larger rivals, network upgrades for 5G and fiber, and the rise of OTT content delivery[104](index=104&type=chunk)[105](index=105&type=chunk)[106](index=106&type=chunk) - Programming is the **largest single operating expense**, and costs are expected to continue rising rapidly[111](index=111&type=chunk) - The company has **substantial indebtedness**, making it sensitive to interest rate increases and limiting its operational flexibility[148](index=148&type=chunk)[149](index=149&type=chunk)[152](index=152&type=chunk) - **Crestview Partners owns approximately 38%** of the company's common stock, giving it significant influence over corporate decisions[154](index=154&type=chunk) [Unresolved Staff Comments](index=30&type=section&id=Item%201B%2E%20Unresolved%20Staff%20Comments) There are no unresolved staff comments [Cybersecurity](index=30&type=section&id=Item%201C%2E%20Cybersecurity) The company manages cybersecurity through an enterprise-wide program overseen by the Audit Committee - The company has an enterprise-wide information security program to identify, protect, detect, respond to, and manage cybersecurity risks[182](index=182&type=chunk) - Cybersecurity governance is overseen by the Chief Technology Officer, with the **Audit Committee receiving quarterly updates** on risks and incidents[187](index=187&type=chunk)[188](index=188&type=chunk) - While systems periodically experience attacks, these incidents **have not had a material impact** on its service, systems, or business to date[184](index=184&type=chunk) [Properties](index=31&type=section&id=Item%202%2E%20Properties) The company leases its corporate offices and owns or leases all other necessary operational assets - The company's executive offices are leased, while its operating subsidiaries own or lease all other necessary fixed assets for business operations[190](index=190&type=chunk)[191](index=191&type=chunk) [Legal Proceedings](index=31&type=section&id=Item%203%2E%20Legal%20Proceedings) The company is party to various legal proceedings in the normal course of business - Refer to Note 17 – Commitments and Contingencies for a discussion of the Company's legal proceedings[192](index=192&type=chunk) [Mine Safety Disclosures](index=31&type=section&id=Item%204%2E%20Mine%20Safety%20Disclosures) This section is not applicable to the company PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=32&type=section&id=Item%205%2E%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's stock trades on the NYSE under 'WOW' and it does not currently pay dividends - The company's common stock has traded on the NYSE under the symbol **'WOW'** since its IPO on May 25, 2017[195](index=195&type=chunk) - **No dividends have been declared or paid** on common stock, and the company does not anticipate paying cash dividends in the foreseeable future[197](index=197&type=chunk) Equity Securities Purchases (Q4 2023) | Period | Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | October 2023 | 560 | $7.04 | | November 2023 | 78,164 | $4.00 | | December 2023 | 1,669 | $4.05 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%207%2E%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Revenue decreased 3% in 2023, resulting in a significant net loss due to a large non-cash impairment charge Financial Results Summary (2023 vs. 2022) | Metric | 2023 (in millions) | 2022 (in millions) | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $686.7 | $704.9 | -2.6% | | Loss from Operations | $(315.0) | $(0.7) | N/A | | Impairment Losses | $306.8 | $35.0 | +776.6% | | Interest Expense | $71.1 | $38.7 | +83.7% | | Net Loss | $(287.7) | $(2.5) | N/A | - The company recognized a **non-cash impairment charge of $306.8 million** on its franchise operating rights in 2023[253](index=253&type=chunk) - Selling, general and administrative (SG&A) expenses increased by **21% to $35.0 million**, largely due to a patent litigation settlement[251](index=251&type=chunk) - Capital expenditures rose by **$101.7 million to $268.9 million** in 2023, driven by increased investment in market expansion and greenfield initiatives[273](index=273&type=chunk) [Results of Operations](index=40&type=section&id=Results%20of%20Operations) Total revenue decreased 3% due to subscriber losses, while operating loss was driven by a major impairment charge - Subscription revenue decreased by **2%** due to a service mix shift, partially offset by a **$42.9 million increase in ARPU**[246](index=246&type=chunk) - Operating expenses decreased by **8%**, primarily driven by a **$21.5 million reduction in programming expenses**[249](index=249&type=chunk) - Interest expense increased by **$32.4 million (84%)** due to higher interest rates and increased borrowings on the revolving credit facility[254](index=254&type=chunk) [Liquidity and Capital Resources](index=43&type=section&id=Liquidity%20and%20Capital%20Resources) The company funds operations through cash, operating flows, and its revolving credit facility - As of December 31, 2023, the company had **$23.4 million in cash** and cash equivalents and **$44.3 million of available borrowing capacity**[263](index=263&type=chunk)[264](index=264&type=chunk) - The company completed its **$50.0 million share repurchase program** in June 2023, having repurchased approximately 4.9 million shares[265](index=265&type=chunk) Capital Expenditures Breakdown (2023 vs. 2022) | Category | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | Scalable infrastructure | $80.1 | $39.4 | | Customer premise equipment | $65.7 | $64.6 | | Line extensions | $70.2 | $26.8 | | Support capital and other | $52.9 | $36.4 | | **Total** | **$268.9** | **$167.2** | | *Included in Total:* | | | | Greenfields | $105.0 | $21.5 | [Critical Accounting Estimates](index=35&type=section&id=Critical%20Accounting%20Estimates) Key estimates involve valuing intangible assets, which led to a $306.8 million impairment charge in 2023 - The company evaluates franchise operating rights for impairment annually, leading to a **$306.8 million impairment charge** in 2023[226](index=226&type=chunk) - Goodwill is also tested annually for impairment, with the tests for 2023, 2022, and 2021 resulting in **no impairment charges**[228](index=228&type=chunk) - Accounting for income taxes requires significant judgment in assessing the realizability of deferred tax assets and reserves[229](index=229&type=chunk)[230](index=230&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%207A%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuation on its variable-rate debt - The company's main market risk is from interest rate fluctuations on its variable rate debt; a hypothetical **1% change in SOFR** would impact annual interest expense by approximately **$9.2 million**[277](index=277&type=chunk) [Financial Statements and Supplementary Data](index=46&type=section&id=Item%208%2E%20Financial%20Statements%20and%20Supplementary%20Data) This section contains audited financial statements with an unqualified opinion from BDO USA, P.C - The independent auditor, BDO USA, P.C, issued an **unqualified opinion** on the consolidated financial statements and internal controls[287](index=287&type=chunk)[308](index=308&type=chunk) - The auditor identified the determination of the fair value of certain franchise operating rights as a **critical audit matter**[312](index=312&type=chunk)[315](index=315&type=chunk) [Controls and Procedures](index=46&type=section&id=Item%209A%2E%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls over financial reporting were effective - The Chief Executive Officer and Chief Financial Officer concluded that the company's **disclosure controls and procedures were effective**[281](index=281&type=chunk) - Management assessed the effectiveness of internal controls over financial reporting based on the COSO framework and concluded **they were effective**[285](index=285&type=chunk) PART III [Directors, Executive Compensation, and Corporate Governance](index=49&type=section&id=Item%2010%2C%2011%2C%2012%2C%2013%2C%2014) Required information is incorporated by reference from the company's 2024 proxy statement - Information for Part III (Items 10-14) is **incorporated by reference** from the company's definitive proxy statement for the 2024 annual meeting[297](index=297&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=50&type=section&id=Item%2015%2E%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists financial statements and exhibits filed as part of the Form 10-K report [Form 10-K Summary](index=50&type=section&id=Item%2016%2E%20Form%2010-K%20Summary) This section is not applicable

(1) Refer to "Non-GAAP Financial Measures" "Unaudited Reconciliations of GAAP Measures to Non-GAAP Measures," and "Subscriber Information" in this Press Release for definitions and information related to Adjusted EBITDA and reconciliation of non-GAAP measures to the closest comparable GAAP measures and why our management thinks it is beneficial to present such non-GAAP measures. Exhibit 99.1 WOW! REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Full year High-Speed Data Revenue of $430.4 million, up 4% fro ...

Table of Contents For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38101 WideOpenWest, Inc. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Financial Data and Key Metrics Changes - Total revenue decreased by 2% year-over-year to $172.6 million, driven by a 4% increase in high-speed data revenue and declines of 12.8% and 6.2% in Video and Telephony, respectively [25][31] - Adjusted EBITDA decreased by 3.5% year-over-year to $68.1 million, with an adjusted EBITDA margin of 39.5% [26][27] - High-speed data ARPU increased to a record $70, reflecting the impact of rate increases and higher data speed purchases [17] Business Line Data and Key Metrics Changes - High-speed data revenue increased by 4%, now comprising 62% of total revenue, up from 58% in the same period last year [25][27] - The Video business continued to decline, with expectations for this trend to persist as customers shift to streaming services [14][25] - The company lost 900 high-speed data RGUs in Q2, which was better than expected, resulting in approximately 508,000 high-speed data subscribers by the end of the quarter [13] Market Data and Key Metrics Changes - The company added 16,900 new homes passed in both Greenfield and Edge-Out areas, significantly exceeding the total from the last three years combined [8][18] - Penetration rates in new markets are strong, with the 2023 vintage of Edge-Outs at 23.4% and Greenfield markets averaging 30% penetration within 30 days of launch [20][21] - Nearly 94% of new customers in new markets are purchasing speeds of 500 meg and above, indicating strong demand for higher speeds [16] Company Strategy and Development Direction - The company is focused on market expansion, aiming to build 400,000 fiber Greenfield homes by 2027, and transitioning to a broadband-first model [7][23] - The partnership with YouTube TV is a strategic move to transition from low-margin video services to a high-margin streaming service, enhancing customer value and operational efficiency [10][12] - The company is on track to surpass 50,000 new homes passed in 2023, reflecting confidence in its expansion strategy [21][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing transformation and the positive impact of the YouTube TV partnership on subscriber growth and ARPU [23][35] - The company anticipates mid-single-digit EBITDA growth in the near future, driven by successful market expansion and improved operational efficiencies [37] - Management acknowledged the challenges posed by the transition to YouTube TV, which will initially lower total revenue but is expected to enhance EBITDA margins over time [32][33] Other Important Information - The company reported a net loss of $101.7 million due to a non-cash impairment charge related to stock price decline, which does not affect operational capabilities [31] - Total cash at the end of the quarter was $23 million, with total outstanding debt of $868.1 million and a leverage ratio of 3.1 times [29] Q&A Session Summary Question: Discussion on base business performance and promotions - Management noted improvements in the legacy base, with a net loss of only 1,300 RGUs without Greenfields, and highlighted the positive impact of YouTube TV on HSD net adds [39][40] Question: Details on price increases and ARPU growth - The company implemented rate increases in March and July, with the majority of the base affected in July, contributing to ARPU growth [43][44] Question: Insights on Greenfield market success and future plans - Management expressed confidence in the market selection criteria and the successful execution of their playbook, with plans to pass 50,000 homes this year [48][50]

[PART I. Financial Information](index=5&type=section&id=PART%20I.%20Financial%20Information) [Item 1: Financial Statements (Unaudited)](index=5&type=section&id=Item%201%3A%20Financial%20Statements%20%28Unaudited%29) WideOpenWest, Inc. reported a **$139.7 million** net loss for the six months ended June 30, 2023, driven by a **$128.1 million** impairment charge and higher SG&A [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2023, total assets decreased to **$1.62 billion**, liabilities increased to **$1.22 billion**, and equity significantly declined Condensed Consolidated Balance Sheets | Balance Sheet Items | June 30, 2023 (in millions) | December 31, 2022 (in millions) | | :--- | :--- | :--- | | **Total Assets** | **$1,621.4** | **$1,717.4** | | Cash and cash equivalents | $23.0 | $31.0 | | Franchise operating rights | $457.0 | $585.1 | | **Total Liabilities** | **$1,221.2** | **$1,142.3** | | Long-term debt and finance lease obligations | $851.4 | $725.0 | | **Total Stockholders' Equity** | **$400.2** | **$575.1** | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported a **$139.7 million** net loss for the six-month period, driven by a **$128.1 million** impairment and increased interest expense Condensed Consolidated Statements of Operations | Metric | Q2 2023 (in millions) | Q2 2022 (in millions) | Six Months 2023 (in millions) | Six Months 2022 (in millions) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $172.6 | $176.1 | $344.8 | $350.7 | | **(Loss) Income from Operations** | $(121.4) | $9.9 | $(158.3) | $14.9 | | Impairment losses on intangibles | $128.1 | $0.0 | $128.1 | $0.0 | | Interest expense | $(17.3) | $(7.9) | $(32.2) | $(15.3) | | **Net (Loss) Income** | **$(101.7)** | **$4.0** | **$(139.7)** | **$9.7** | | **Diluted (Loss) Earnings Per Share** | **$(1.25)** | **$0.05** | **$(1.70)** | **$0.11** | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations was **$41.2 million** for the six months ended June 30, 2023, with investing activities using **$123.6 million** Condensed Consolidated Statements of Cash Flows | Cash Flow Activity (Six Months Ended June 30) | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $41.2 | $(51.7) | | Net cash used in investing activities | $(123.6) | $(75.7) | | Net cash provided by (used in) financing activities | $74.4 | $(15.9) | | **Decrease in cash and cash equivalents** | **$(8.0)** | **$(143.3)** | [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Key notes highlight a **2%** revenue decline, a **$128.1 million** impairment, a **$46.8 million** patent settlement, and completion of a **$50.0 million** share repurchase - Total subscription revenue decreased by **2%** for the six months ended June 30, 2023, primarily due to a decline in Video and Telephony subscribers, partially offset by higher HSD revenue[29](index=29&type=chunk)[95](index=95&type=chunk) - The company recorded a non-cash impairment charge of **$128.1 million** on its franchise operating rights due to a decline in its stock price and revised future cash flow estimates for certain markets[38](index=38&type=chunk)[39](index=39&type=chunk)[42](index=42&type=chunk) - A patent infringement lawsuit with Sprint was settled, resulting in an accrued expense of **$46.8 million** as of March 31, 2023, which is included in SG&A expenses[70](index=70&type=chunk)[71](index=71&type=chunk) - The company completed its authorized **$50.0 million** share repurchase program as of June 30, 2023, having purchased approximately **4.9 million** shares for **$50.4 million**[59](index=59&type=chunk) [Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202%3A%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the **2%** revenue decline to a shift towards HSD and market expansion, with operating results impacted by a **$128.1 million** impairment and patent settlement [Overview and Subscriber Data](index=26&type=section&id=Overview%20and%20Subscriber%20Data) The company's 'broadband first' strategy focuses on HSD and fiber expansion, with total subscribers declining to **522,400** but growth in new markets - The company is executing a 'broadband first' strategy, with approximately **87%** of new connections being for HSD only in the first half of 2023[77](index=77&type=chunk)[78](index=78&type=chunk) - WOW is focused on market expansion, launching services in several new Florida and Alabama markets in the first half of 2023 using all-IP fiber technology[79](index=79&type=chunk) Subscriber Data | Subscriber Metrics | June 30, 2023 | June 30, 2022 | | :--- | :--- | :--- | | Homes Passed | 1,892,600 | 1,886,000 | | Total Subscribers | 522,400 | 536,600 | | HSD RGUs | 507,800 | 517,200 | | Video RGUs | 110,000 | 135,500 | | Telephony RGUs | 85,300 | 95,200 | [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q2 2023 revenue decreased **2%** to **$172.6 million**, SG&A surged **66%** from a patent settlement, and a **$128.1 million** impairment led to a substantial operating loss - Subscription revenue for the six months ended June 30, 2023, decreased by **$5.4 million (2%)** year-over-year, driven by a reduction in Video and Telephony RGUs, partially offset by higher HSD ARPU from customers buying higher speed tiers[95](index=95&type=chunk) - Operating expenses for the six months decreased by **$16.6 million (10%)** year-over-year, mainly due to lower programming costs associated with the decline in Video subscribers[98](index=98&type=chunk) - SG&A expenses for the six months increased by **$51.5 million (66%)** year-over-year, primarily due to the patent litigation settlement and restructuring costs[100](index=100&type=chunk) - A non-cash impairment charge of **$128.1 million** was recognized related to franchise operating rights, driven by declining cash flow projections and a lower stock price[102](index=102&type=chunk) - Interest expense for the six months increased by **$16.9 million (110%)** year-over-year due to higher interest rates and increased borrowings on the revolving credit facility[103](index=103&type=chunk) [Liquidity and Capital Resources](index=37&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2023, the company had **$23.0 million** cash and **$106.4 million** available credit, deemed sufficient for 12 months, despite capital expenditures increasing to **$123.8 million** - The company believes existing cash, available borrowing capacity of **$106.4 million**, and operating cash flows are sufficient to fund obligations for the next 12 months[110](index=110&type=chunk)[111](index=111&type=chunk) Capital Expenditures | Capital Expenditures (Six Months Ended June 30) | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | Scalable infrastructure | $29.6 | $18.1 | | Customer premise equipment | $32.0 | $33.6 | | Line extensions | $38.7 | $10.2 | | Support capital and other | $23.5 | $14.9 | | **Total** | **$123.8** | **$76.8** | | *Related to Greenfields* | *$43.2* | *$5.0* | - Cash from financing activities was **$74.4 million** in the first half of 2023, compared to a use of **$15.9 million** in the prior year, primarily due to a **$130.2 million** increase in net borrowings[119](index=119&type=chunk) [Item 3: Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=Item%203%3A%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on variable-rate debt, where a **1%** SOFR increase would raise annual interest expense by approximately **$8.6 million** - The company's main market risk is from fluctuating interest rates on its variable rate debt, where a hypothetical **1%** change in the SOFR rate would alter annual interest expense by approximately **$8.6 million**[122](index=122&type=chunk) [Item 4: Controls and Procedures](index=39&type=section&id=Item%204%3A%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of June 30, 2023, with no material changes to internal control over financial reporting during Q2 2023 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2023[125](index=125&type=chunk) - No material changes were made to the company's internal control over financial reporting during the second quarter of 2023[126](index=126&type=chunk) [PART II. Other Information](index=40&type=section&id=PART%20II.%20Other%20Information) [Item 1: Legal Proceedings](index=40&type=section&id=Item%201%3A%20Legal%20Proceedings) The report refers to Note 13 for details on legal proceedings, including the settlement of a patent infringement claim with Sprint - For discussion of legal proceedings, the report refers to Note 13 – Commitments and Contingencies[129](index=129&type=chunk) [Item 1A: Risk Factors](index=40&type=section&id=Item%201A%3A%20Risk%20Factors) No material changes to risk factors from the company's 2022 Annual Report on Form 10-K were reported - No material changes to the risk factors from the 2022 Annual Report on Form 10-K were reported[130](index=130&type=chunk) [Item 2: Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=Item%202%3A%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2023, the company repurchased **1,866,046** shares as part of its **$50.0 million** stock repurchase plan, completed in June 2023 - The company's **$50.0 million** stock repurchase plan was completed in June 2023[131](index=131&type=chunk) Share Repurchase Activity | Period (2023) | Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 1 - 30 | 637,896 | $10.82 | | May 1 - 31 | 1,022,505 | $8.78 | | June 1 - 30 | 205,645 | $7.81 | [Other Items (Items 3, 4, 5, 6)](index=40&type=section&id=Other%20Items%20%28Items%203%2C%204%2C%205%2C%206%29) The company reported no defaults on senior securities or applicable mine safety disclosures, while two executive officers adopted new Rule 10b5-1 trading plans - There were no defaults upon senior securities (Item 3) and mine safety disclosures are not applicable (Item 4)[132](index=132&type=chunk)[133](index=133&type=chunk) - Two executive officers, Donald P. Schena and Henry Hryckiewicz, terminated existing Rule 10b5-1 trading plans and adopted new ones in May 2023[134](index=134&type=chunk)[135](index=135&type=chunk)

WideOpenWest, Inc. (NYSE:WOW) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Andrew Posen - VP, Head of IR Teresa Elder - CEO, President & Director John Rego - CFO Conference Call Participants Frank Louthan - Raymond James Daniel Day - B. Riley Securities Brandon Nispel - KeyBanc Operator Thank you for standing by. My name is Tamika, and I will be your conference operator today. At this time, I would like to welcome everyone to the WideOpenWest, Q1 2023 Earnings Conference Call ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38101 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 WideOpenWest, Inc. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of In ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38101 WideOpenWest, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorpo ...

WOW! WOW! (B) Third Quarter 2022 November 3¤, 2022 Important Information 2 Caution Concerning Forward Looking Statements Certain statements in this presentation that are not historical facts contain "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. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future e ...