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Charter Communications Inc. (CHTR+2.38%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing details Charter's operations as a leading broadband connectivity company and cable operator, offering services to an estimated 57 million homes and businesses across 41 states under the Spectrum brand.
Charter reported total revenues of $55.085 billion for the year, a 0.9% increase from the previous year, driven by growth in mobile lines and average revenue per customer, despite a decrease in total customers.
Adjusted EBITDA for the year was $22.569 billion, a 3.1% increase from 2023, reflecting revenue growth and reduced operating costs, particularly in programming expenses.
Net income attributable to Charter shareholders was $5.083 billion, up from $4.557 billion in 2023, with earnings per share of $35.53 on a basic basis and $34.97 on a diluted basis.
Charter's capital expenditures totaled $11.269 billion, with significant investments in network expansion and upgrades, including its subsidized rural construction initiative.
The company ended the year with $93.8 billion in total debt, including $10.3 billion in credit facility debt and $56.2 billion in senior secured notes.
Charter's liquidity position included $459 million in cash and cash equivalents and approximately $6.3 billion available under its credit facilities.
The filing also highlights Charter's strategic initiatives, including network evolution to deliver multi-gigabit speeds and expansion of its mobile services.
Charter's board authorized $961 million for additional stock repurchases, excluding purchases from Liberty Broadband, reflecting its ongoing capital return strategy.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Charter Communications Inc. annual 10-K report dated January 31, 2025. To report an error, please email earnings@qz.com.