Charter Communications (CHTR) FY2017 results: revenue $41.6 billion, up 43.4% on the year
Charter Communications, Inc. (CHTR) reported revenue of $41.6 billion for fiscal 2017, the year ended 31 December 2017, up 43.4% on the year before. Net income was $9.9 billion, up 180.9%, and diluted earnings per share $34.09. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2018.
Revenue
$41.6 billion
+43.4% on the year
FY2010FY2017
Operating margin
9.9%
8.5% a year earlier
FY2010FY2017
Net income
$9.9 billion
+180.9% on the year
FY2010FY2017
Diluted EPS
$34.09
+113.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
41,581
29,003
9,754
+43.4%
Operating income
4,106
2,456
1,114
+67.2%
Operating margin
9.9%
8.5%
11.4%
Pre-tax income
1,028
820
-331
+25.4%
Income tax
-9,087
-2,925
-60.0
Effective tax rate
-883.9%
-356.7%
n/a
Net income
9,895
3,522
-271
+180.9%
Net margin
23.8%
12.1%
-2.8%
Diluted EPS
$34.09
$15.94
-$2.68
+113.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
11,954
8,041
2,359
+48.7%
Capital expenditure
8,681
5,325
1,840
+63.0%
Free cash flow
3,273
2,716
519
+20.5%
Free cash flow margin
7.9%
9.4%
5.3%
Cash from investing
-8,098
-33,554
-17,032
Cash from financing
-4,770
4,779
14,675
Depreciation and amortisation
10,588
6,907
2,125
+53.3%
Share-based compensation
261
244
78.0
+7.0%
Buybacks
11,715
1,562
38.0
+650.0%
Diluted shares, weighted
297m
235m
101m
+26.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
39,084
40,139
-46.0
-2.6%
Non-controlling interest
8,447
10,227
0.0
-17.4%
Debt
70,231
61,747
35,723
+13.7%
Other liabilities
28,861
36,954
3,639
-21.9%
Total liabilities and equity
146,623
149,067
39,316
-1.6%
Fixed assets
33,888
32,963
8,345
+2.8%
Goodwill
29,554
29,509
1,168
+0.2%
Intangible assets
12,481
15,095
947
-17.3%
Cash and equivalents
621
1,535
5.0
-59.5%
Receivables
1,635
1,432
279
+14.2%
Other assets
68,444
68,533
28,572
-0.1%
Total assets
146,623
149,067
39,316
-1.6%
10-K for the year ended 31 December 2017, filed 2 February 2018: the filing.