Charter Communications (CHTR) FY2014 results: revenue $9.1 billion, up 11.7% on the year
Charter Communications, Inc. (CHTR) reported revenue of $9.1 billion for fiscal 2014, the year ended 31 December 2014, up 11.7% on the year before. Net income was -$183 million, and diluted earnings per share $-1.88. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$9.1 billion
+11.7% on the year
FY2010FY2014
Operating margin
10.7%
11.1% a year earlier
FY2010FY2014
Net income
-$183 million
FY2010FY2014
Diluted EPS
-$1.88
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
9,108
8,155
7,504
+11.7%
Operating income
971
909
916
+6.8%
Operating margin
10.7%
11.1%
12.2%
Interest expense
n/a
846
907
Pre-tax income
53.0
-49.0
-47.0
Income tax
236
120
257
+96.7%
Effective tax rate
445.3%
n/a
n/a
Net income
-183
-169
-304
Net margin
-2.0%
-2.1%
-4.1%
Diluted EPS
-$1.88
-$1.65
-$3.05
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,359
2,158
1,876
+9.3%
Capital expenditure
2,221
1,825
1,745
+21.7%
Free cash flow
138
333
131
-58.6%
Free cash flow margin
1.5%
4.1%
1.7%
Cash from investing
-9,304
-2,443
-1,737
Cash from financing
6,927
299
-134
+2,216.7%
Depreciation and amortisation
2,102
1,854
1,713
+13.4%
Share-based compensation
55.0
48.0
50.0
+14.6%
Buybacks
19.0
15.0
11.0
+26.7%
Diluted shares, weighted
98m
n/a
n/a
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
146
151
149
-3.3%
Non-controlling interest
0.0
0.0
0.0
Debt
20,887
14,181
12,808
+47.3%
Other liabilities
3,355
2,963
2,642
+13.2%
Total liabilities and equity
24,388
17,295
15,599
+41.0%
Fixed assets
8,373
7,981
7,206
+4.9%
Goodwill
1,168
1,177
953
-0.8%
Intangible assets
1,196
1,475
1,500
-18.9%
Cash and equivalents
3.0
21.0
7.0
-85.7%
Receivables
285
234
234
+21.8%
Other assets
13,363
6,407
5,699
+108.6%
Total assets
24,388
17,295
15,599
+41.0%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.