Charter Communications (CHTR) FY2020 results: revenue $48.1 billion, up 5.1% on the year
Charter Communications, Inc. (CHTR) reported revenue of $48.1 billion for fiscal 2020, the year ended 31 December 2020, up 5.1% on the year before. Net income was $3.2 billion, up 93.2%, and diluted earnings per share $15.40. The figures are the company's own, from the 10-K it filed with the SEC on 29 January 2021.
Revenue
$48.1 billion
+5.1% on the year
FY2013FY2020
Operating margin
17.5%
14.2% a year earlier
FY2013FY2020
Net income
$3.2 billion
+93.2% on the year
FY2013FY2020
Diluted EPS
$15.40
+106.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
48,097
45,764
43,634
+5.1%
Operating income
8,405
6,511
5,221
+29.1%
Operating margin
17.5%
14.2%
12.0%
Pre-tax income
4,302
2,431
1,686
+77.0%
Income tax
626
439
180
+42.6%
Effective tax rate
14.6%
18.1%
10.7%
Net income
3,222
1,668
1,230
+93.2%
Net margin
6.7%
3.6%
2.8%
Diluted EPS
$15.40
$7.45
$5.22
+106.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
14,562
11,748
11,767
+24.0%
Capital expenditure
7,415
7,195
9,125
+3.1%
Free cash flow
7,147
4,553
2,642
+57.0%
Free cash flow margin
14.9%
9.9%
6.1%
Cash from investing
-8,157
-7,331
-9,736
Cash from financing
-8,953
-1,633
-1,887
Depreciation and amortisation
9,704
9,926
10,318
-2.2%
Share-based compensation
351
315
285
+11.4%
Buybacks
11,217
6,873
4,399
+63.2%
Diluted shares, weighted
209m
224m
236m
-6.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
23,805
31,445
36,285
-24.3%
Non-controlling interest
6,476
7,366
7,987
-12.1%
Debt
82,752
79,078
72,827
+4.6%
Operating lease liabilities
1,110
979
0.0
+13.4%
Finance lease liabilities
n/a
58.0
n/a
Other liabilities
30,063
29,262
29,031
+2.7%
Total liabilities and equity
144,206
148,188
146,130
-2.7%
Fixed assets
34,357
34,591
35,126
-0.7%
Goodwill
29,554
29,554
29,554
0.0%
Intangible assets
5,876
7,736
9,882
-24.0%
Cash and equivalents
1,001
3,483
551
-71.3%
Receivables
2,539
2,227
1,733
+14.0%
Other assets
70,879
70,597
69,284
+0.4%
Total assets
144,206
148,188
146,130
-2.7%
10-K for the year ended 31 December 2020, filed 29 January 2021: the filing.