Altice USA Inc

For the period ended Dec 31, 2023. Filed Feb 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 15, 2024

OPTU$0.73-9.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets - December 31, 2023 and 2022 F-

CONSOLIDATED BALANCE SHEETS

	December 31,
	2023	2022
ASSETS
Current Assets:
Cash and cash equivalents	$302,058	$305,484
Restricted cash	280	267
Accounts receivable, trade (less allowance for doubtful accounts of $21,915 and $20,767, respectively)	357,597	365,992
Prepaid expenses and other current assets ($407 and $572 due from affiliates, respectively)	174,859	130,684
Derivative contracts	—	263,873
Investment securities pledged as collateral	—	1,502,145
Total current assets	834,794	2,568,445
Property, plant and equipment, net of accumulated depreciation of $8,162,442 and $7,785,397, respectively	8,117,757	7,500,780
Right-of-use operating lease assets	255,545	250,601
Other assets	195,114	259,681
Amortizable intangibles, net of accumulated amortization of $5,874,612 and $5,549,674, respectively	1,259,335	1,660,331
Indefinite-lived cable franchise rights	13,216,355	13,216,355
Goodwill	8,044,716	8,208,773
Total assets	$31,923,616	$33,664,966
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities:
Accounts payable	$936,950	$1,213,806
Interest payable	274,507	252,351
Accrued employee related costs	182,146	139,328
Deferred revenue	85,018	80,559
Debt	359,407	2,075,077
Other current liabilities ($71,523 and $20,857 due to affiliates, respectively)	470,096	278,580
Total current liabilities	2,308,124	4,039,701
Other liabilities	221,249	274,623
Deferred tax liability	4,848,460	5,081,661
Right-of-use operating lease liability	264,647	260,237
Long-term debt, net of current maturities	24,715,554	24,512,656
Total liabilities	32,358,034	34,168,878
Commitments and contingencies (Note 17)
Stockholders' Deficiency:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued andoutstanding	—	—
Class A common stock: $0.01 par value, 4,000,000,000 shares authorized, 271,772,978 issued and outstanding as of December 31, 2023 and 271,851,984 and 271,833,063 shares issued and outstanding as of December 31, 2022	2,718	2,719
Class B common stock: $0.01 par value, 1,000,000,000 shares authorized, 490,086,674 issued, 184,224,428 shares outstanding as of December 31, 2023 and 184,329,229 shares outstanding as of December 31, 2022	1,842	1,843
Class C common stock: $0.01 par value, 4,000,000,000 shares authorized, no sharesissued and outstanding	—	—
Paid-in capital	187,186	182,701
Accumulated deficit	(601,075)	(654,273)
	(409,329)	(467,010)
Treasury stock, at cost (18,921 Class A common shares at December 31, 2022)	—	—
Accumulated other comprehensive loss	(12,851)	(8,201)
Total Altice USA stockholders' deficiency	(422,180)	(475,211)
Noncontrolling interests	(12,238)	(28,701)
Total stockholders' deficiency	(434,418)	(503,912)
Total liabilities and stockholders' deficiency	$31,923,616	$33,664,966

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.