Charter Communications (CHTR) FY2018 results: revenue $43.6 billion, up 4.9% on the year
Charter Communications, Inc. (CHTR) reported revenue of $43.6 billion for fiscal 2018, the year ended 31 December 2018, up 4.9% on the year before. Net income was $1.2 billion, down 87.6%, and diluted earnings per share $5.22. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2019.
Revenue
$43.6 billion
+4.9% on the year
FY2011FY2018
Operating margin
12.0%
9.9% a year earlier
FY2011FY2018
Net income
$1.2 billion
-87.6% on the year
FY2011FY2018
Diluted EPS
$5.22
-84.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
43,634
41,581
29,003
+4.9%
Operating income
5,221
4,106
2,456
+27.2%
Operating margin
12.0%
9.9%
8.5%
Pre-tax income
1,686
1,028
820
+64.0%
Income tax
180
-9,087
-2,925
Effective tax rate
10.7%
-883.9%
-356.7%
Net income
1,230
9,895
3,522
-87.6%
Net margin
2.8%
23.8%
12.1%
Diluted EPS
$5.22
$34.09
$15.94
-84.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
11,767
11,954
8,041
-1.6%
Capital expenditure
9,125
8,681
5,325
+5.1%
Free cash flow
2,642
3,273
2,716
-19.3%
Free cash flow margin
6.1%
7.9%
9.4%
Cash from investing
-9,736
-8,098
-33,554
Cash from financing
-1,887
-4,770
4,779
Depreciation and amortisation
10,318
10,588
6,907
-2.6%
Share-based compensation
285
261
244
+9.2%
Buybacks
4,399
11,715
1,562
-62.4%
Diluted shares, weighted
236m
297m
235m
-20.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
36,285
39,084
40,139
-7.2%
Non-controlling interest
7,987
8,447
10,227
-5.4%
Debt
72,827
70,231
61,747
+3.7%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
29,031
28,861
36,954
+0.6%
Total liabilities and equity
146,130
146,623
149,067
-0.3%
Fixed assets
35,126
33,888
32,963
+3.7%
Goodwill
29,554
29,554
29,509
0.0%
Intangible assets
9,882
12,481
15,095
-20.8%
Cash and equivalents
551
621
1,535
-11.3%
Receivables
1,733
1,635
1,432
+6.0%
Other assets
69,284
68,444
68,533
+1.2%
Total assets
146,130
146,623
149,067
-0.3%
10-K for the year ended 31 December 2018, filed 31 January 2019: the filing.