Charter Communications (CHTR) FY2019 results: revenue $45.8 billion, up 4.9% on the year
Charter Communications, Inc. (CHTR) reported revenue of $45.8 billion for fiscal 2019, the year ended 31 December 2019, up 4.9% on the year before. Net income was $1.7 billion, up 35.6%, and diluted earnings per share $7.45. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2020.
Revenue
$45.8 billion
+4.9% on the year
FY2012FY2019
Operating margin
14.2%
12.0% a year earlier
FY2012FY2019
Net income
$1.7 billion
+35.6% on the year
FY2012FY2019
Diluted EPS
$7.45
+42.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
45,764
43,634
41,581
+4.9%
Operating income
6,511
5,221
4,106
+24.7%
Operating margin
14.2%
12.0%
9.9%
Pre-tax income
2,431
1,686
1,028
+44.2%
Income tax
439
180
-9,087
+143.9%
Effective tax rate
18.1%
10.7%
-883.9%
Net income
1,668
1,230
9,895
+35.6%
Net margin
3.6%
2.8%
23.8%
Diluted EPS
$7.45
$5.22
$34.09
+42.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
11,748
11,767
11,954
-0.2%
Capital expenditure
7,195
9,125
8,681
-21.2%
Free cash flow
4,553
2,642
3,273
+72.3%
Free cash flow margin
9.9%
6.1%
7.9%
Cash from investing
-7,331
-9,736
-8,098
Cash from financing
-1,633
-1,887
-4,770
Depreciation and amortisation
9,926
10,318
10,588
-3.8%
Share-based compensation
315
285
261
+10.5%
Buybacks
6,873
4,399
11,715
+56.2%
Diluted shares, weighted
224m
236m
297m
-5.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
31,445
36,285
39,084
-13.3%
Non-controlling interest
7,366
7,987
8,447
-7.8%
Debt
79,078
72,827
70,231
+8.6%
Operating lease liabilities
979
0.0
n/a
Finance lease liabilities
58.0
n/a
n/a
Other liabilities
29,262
29,031
28,861
+0.8%
Total liabilities and equity
148,188
146,130
146,623
+1.4%
Fixed assets
34,591
35,126
33,888
-1.5%
Goodwill
29,554
29,554
29,554
0.0%
Intangible assets
7,736
9,882
12,481
-21.7%
Cash and equivalents
3,483
551
621
+532.1%
Receivables
2,227
1,733
1,635
+28.5%
Other assets
70,597
69,284
68,444
+1.9%
Total assets
148,188
146,130
146,623
+1.4%
10-K for the year ended 31 December 2019, filed 31 January 2020: the filing.