Last 7 days
-5.0%
Last 30 days
2.2%
Last 90 days
9.2%
Trailing 12 Months
-49.1%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-15 | Goei Dexter | gifted | - | - | -150,000 | - |
2023-06-29 | Olsen Michael | acquired | - | - | 146,484 | general counsel and ccro |
2023-03-22 | Goei Dexter | back to issuer | - | - | -1,425,150 | - |
2023-03-22 | Svider Raymond | acquired | - | - | 39,063 | - |
2023-03-22 | SCHNABEL SUSAN C | acquired | - | - | 39,063 | - |
2023-03-22 | Mullen Mark | acquired | - | - | 39,063 | - |
2023-03-17 | Schmidt Colleen | acquired | - | - | 157,035 | evp human resources |
2023-03-17 | Bruzzese Maria | acquired | - | - | 50,251 | chief accounting officer |
2023-03-17 | Olsen Michael | acquired | - | - | 251,256 | evp, gen. counsel & secy |
2023-03-17 | Sirota Marc | acquired | - | - | 753,769 | chief financial officer |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -62.11 | -600,586 | 302,000 | -% |
2023-09-21 | Jefferies Group LLC | reduced | -20.00 | -229,300 | 233,200 | -% |
2023-09-20 | BARCLAYS PLC | reduced | -49.26 | -2,396,000 | 1,941,000 | -% |
2023-08-30 | Cerberus Capital Management, L.P. | added | 26.27 | 748,534 | 7,259,060 | 0.17% |
2023-08-23 | CTC Alternative Strategies, Ltd. | new | - | 90,600 | 90,600 | 0.11% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -228,456 | - | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -28.69 | -339,713 | 577,699 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -18.93 | -3,102 | 7,810 | -% |
2023-08-16 | RESOURCES MANAGEMENT CORP /CT/ /ADV | sold off | -100 | -22,000 | - | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
May 17, 2023 | clarkston capital partners, llc | 12.97% | 35,252,350 | SC 13G/A | |
Feb 15, 2023 | barrow hanley mewhinney & strauss llc | 12.% | 10 | SC 13G | |
Feb 14, 2023 | clarkston capital partners, llc | 7.75% | 35,252,350 | SC 13G/A | |
Feb 14, 2023 | redwood capital management, llc | 5.66% | 15,289,699 | SC 13G | |
Feb 09, 2023 | vanguard group inc | 8.61% | 23,264,129 | SC 13G/A | |
Jan 25, 2023 | drahi patrick | 49.3% | 224,517,273 | SC 13G/A | |
Apr 07, 2022 | clarkston capital partners, llc | 10.19% | 27,554,566 | SC 13G/A | |
Feb 14, 2022 | goldman sachs group inc | 4.2% | 11,311,466 | SC 13G/A | |
Feb 11, 2022 | drahi patrick | 49.7% | 225,985,851 | SC 13G/A | |
Feb 11, 2022 | barrow hanley mewhinney & strauss llc | 7.49% | 20,137,297 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 15, 2023 | 4 | Insider Trading | |
Aug 03, 2023 | 10-Q | Quarterly Report | |
Aug 02, 2023 | 8-K | Current Report | |
Jul 17, 2023 | 8-K | Current Report | |
Jun 30, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CHTR | 65.1B | 54.5B | 0.33% | 41.23% | 13.59 | 1.19 | 2.60% | -15.83% |
SIRI | 15.6B | 9.0B | -0.73% | -28.37% | 13.55 | 1.75 | 0.44% | -8.55% |
MID-CAP | ||||||||
NYT | 6.7B | 2.4B | -4.92% | 42.91% | 37.93 | 2.83 | 7.76% | -7.72% |
NXST | 4.9B | 5.3B | -12.65% | -16.08% | 7.08 | 0.94 | 8.13% | -23.40% |
CABO | 3.4B | 1.7B | -4.56% | -32.64% | 32.34 | 2.02 | -1.31% | -70.36% |
DISH | 3.0B | 16.0B | -5.30% | -59.52% | 1.67 | 0.19 | -8.20% | -13.13% |
SMALL-CAP | ||||||||
ATUS | 1.5B | 9.4B | 2.23% | -49.13% | -365.16 | 0.16 | -6.01% | -100.49% |
SBGI | 768.6M | 3.3B | -23.56% | -49.69% | 4.47 | 0.23 | -34.89% | -93.14% |
WOW | 645.2M | 699.0M | 0.39% | -40.69% | -4.25 | 0.92 | -1.96% | -120.03% |
IHRT | 498.3M | 3.8B | -5.11% | -57.12% | -0.37 | 0.13 | 1.55% | -1758.48% |
AMCX | 487.1M | 3.0B | -3.14% | -45.14% | -78.89 | 0.16 | -0.73% | -101.96% |
UONE | 359.0M | 484.6M | -1.67% | -1.86% | 8.5 | 0.74 | 10.07% | 1.46% |
EVC | 320.4M | 1.0B | -2.14% | -10.54% | 33.68 | 0.31 | 23.24% | -66.15% |
-29.3%
-50.3%
81.2%
59.6%
40.8%
Y-axis is the maximum loss one would have experienced if Altice USA was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | -1.5% | 9,381 | 9,520 | 9,648 | 9,800 | 9,981 | 10,034 | 10,091 | 10,105 | 9,964 | 9,923 | 9,895 | 9,834 | 9,838 | 9,815 | 9,761 | 9,741 | 9,720 | 9,633 | 9,567 | 9,471 | 9,376 |
EBITDA | -100.0% | - | 661 | - | 4,503 | 4,770 | 3,603 | 4,360 | 3,865 | 3,577 | 4,233 | 4,019 | 3,765 | 3,979 | 4,013 | 3,987 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.07* | - | 0.46* | - | 0.36* | 0.43* | 0.38* | 0.36* | 0.43* | 0.41* | 0.38* | 0.40* | 0.41* | 0.41* | 0.43* | - | - | - | - | - |
Interest Expenses | -9.3% | -1,515 | -1,387 | - | 1,267 | 1,289 | 1,280 | 1,267 | -8.38 | 633 | 1,304 | 1,353 | 1,417 | 1,483 | 1,513 | 1,537 | 1,557 | 1,558 | 1,567 | 1,556 | 1,528 | 1,517 |
Earnings Before Taxes | -4.3% | 281 | 293 | 517 | 842 | 1,085 | 1,200 | 1,306 | 1,396 | 1,051 | 958 | 583 | 208 | 293 | 250 | 187 | 341 | 355 | 124 | -18.06 | -342 | -806 |
EBT Margin | -100.0% | - | 0.03* | 0.05* | 0.09* | - | 0.12* | 0.13* | 0.14* | 0.11* | 0.10* | 0.06* | 0.02* | 0.03* | 0.03* | 0.02* | - | - | - | - | - | - |
Net Income | -116.7% | -4.00 | 24.00 | 195 | 639 | 821 | 913 | 990 | 1,069 | 798 | 711 | 436 | 106 | 188 | 163 | 139 | 352 | 307 | 123 | 19.00 | 2,048 | 1,823 |
Net Income Margin | -100.0% | - | 0.00* | 0.02* | 0.07* | - | 0.09* | 0.10* | 0.11* | 0.08* | 0.07* | 0.04* | 0.01* | 0.02* | 0.02* | 0.01* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 79.00 | 453 | 825 | 1,078 | 1,293 | 1,622 | 1,779 | 1,848 | 2,149 | 1,906 | 1,857 | 1,565 | 1,330 | 1,199 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 0.4% | 32,108 | 31,987 | 33,665 | 33,283 | 33,120 | 33,144 | 33,215 | 33,433 | 33,532 | 33,170 | 33,377 | 33,900 | 34,814 | 33,396 | 34,108 | 33,774 | 33,780 | 33,559 | 33,614 | 33,957 | 33,915 |
Current Assets | 2.3% | 736 | 720 | 2,568 | 2,500 | 2,623 | 783 | 790 | 845 | 801 | 831 | 977 | 1,607 | 2,554 | 928 | 1,381 | 818 | 743 | 711 | 903 | 1,113 | 958 |
Cash Equivalents | -0.6% | 219 | 220 | 305 | 251 | 233 | 196 | 196 | 233 | 222 | 221 | 279 | 984 | 1,952 | 245 | 702 | 175 | 139 | 123 | 299 | 486 | 381 |
Net PPE | 2.2% | 7,963 | 7,791 | 7,501 | 7,078 | 6,780 | 6,514 | 6,340 | 6,092 | 6,023 | 5,844 | 5,806 | 5,761 | 5,723 | 5,781 | 5,753 | 5,797 | 5,815 | 5,772 | 5,829 | 5,760 | 5,695 |
Goodwill | 0% | 8,209 | 8,209 | 8,209 | 8,206 | 8,206 | 8,206 | 8,206 | 8,206 | 8,206 | 8,161 | 8,161 | 8,161 | 8,142 | 8,142 | 8,142 | 8,139 | 8,138 | 8,012 | 8,012 | 8,012 | 8,005 |
Liabilities | 0.1% | 32,489 | 32,467 | 34,169 | 33,622 | 33,594 | 33,771 | 34,086 | 34,565 | 34,881 | 34,554 | 34,554 | 33,139 | 33,641 | 31,740 | 31,720 | 31,467 | 31,071 | 30,358 | 29,804 | 30,106 | 29,877 |
Current Liabilities | 33.8% | 3,007 | 2,247 | 4,040 | 3,970 | 4,524 | 2,777 | 2,735 | 3,669 | 3,095 | 3,191 | 3,098 | 1,962 | 3,693 | 1,882 | 1,978 | 1,879 | 2,519 | 1,802 | 2,021 | 2,477 | 2,957 |
LT Debt, Current | 197.8% | 1,111 | 373 | 2,075 | 2,062 | 2,694 | 969 | 917 | 1,890 | 1,297 | 1,258 | 1,246 | 226 | 1,859 | 180 | 171 | - | - | - | 159 | - | - |
LT Debt, Non Current | -2.5% | 24,004 | 24,624 | 24,513 | 24,290 | 23,679 | 25,471 | 25,629 | 24,882 | 25,692 | 25,431 | 25,477 | 25,476 | 24,326 | 24,268 | 24,250 | 23,896 | - | - | 22,654 | - | - |
Shareholder's Equity | - | - | - | - | - | - | - | - | - | - | - | - | 745 | 1,158 | 1,590 | 2,279 | 2,089 | 2,534 | 3,011 | 3,680 | 3,671 | 3,867 |
Retained Earnings | 12.5% | -550 | -628 | -654 | -461 | -546 | -652 | -848 | -1,100 | -1,315 | -1,185 | -985 | 496 | 501 | 390 | 391 | 390 | 313 | 227 | 252 | 39.00 | 6.00 |
Additional Paid-In Capital | 5.7% | 169 | 160 | 183 | 138 | 100 | 59.00 | 18.00 | - | - | - | - | 405 | 818 | 1,363 | 2,040 | 1,710 | 2,220 | 2,778 | 3,424 | 3,619 | 3,857 |
Accumulated Depreciation | 0.8% | 7,999 | 7,935 | 7,785 | 7,649 | 7,550 | 7,363 | 7,143 | 7,003 | 6,784 | 6,640 | 6,432 | 6,158 | 5,881 | 5,601 | 5,277 | 5,058 | 4,705 | 4,385 | 4,045 | 3,394 | 3,394 |
Shares Outstanding | 0.0% | 455 | 455 | - | 453 | 453 | 453 | - | 454 | 457 | 469 | 476 | 571 | 588 | 621 | 633 | 644 | 668 | 696 | 709 | 733 | 737 |
Minority Interest | 22.8% | -24.26 | -31.42 | -28.70 | -25.55 | -38.16 | -45.52 | -51.11 | -46.16 | -50.05 | -53.40 | -62.11 | 11.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | 7.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -10.9% | 1,946 | 2,184 | 2,367 | 2,582 | 2,651 | 2,705 | 2,854 | 2,969 | 2,930 | 3,136 | 2,980 | 2,909 | 2,791 | 2,644 | 2,554 | 2,572 | 2,642 | 2,581 | 2,508 | 2,506 | 2,366 |
Share Based Compensation | -17.7% | 96.00 | 117 | 160 | 132 | 119 | 111 | 98.00 | 108 | 120 | 125 | 125 | 155 | 137 | 120 | 106 | 62.00 | 56.00 | 52.00 | 60.00 | 63.00 | 65.00 |
Cashflow From Investing | 0.6% | -2,101 | -2,113 | -1,921 | -1,761 | -1,574 | -1,754 | -1,573 | -1,533 | -1,572 | -1,133 | -1,220 | -1,197 | -1,221 | -1,483 | -1,525 | -1,508 | -1,475 | -1,225 | -1,148 | -1,144 | -1,085 |
Cashflow From Financing | 406.3% | 141 | -45.87 | -335 | -801 | -1,064 | -973 | -1,362 | -2,186 | -3,087 | -2,025 | -2,181 | -900 | 246 | -1,037 | -624 | -1,373 | -1,408 | -2,660 | -1,391 | -1,550 | -1,601 |
Dividend Payments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,500 | - | 1,679 |
Buy Backs | - | - | - | - | - | 79.00 | 301 | 805 | 3,807 | 4,161 | 4,594 | 4,816 | 1,815 | 1,868 | 1,826 | 1,687 | 1,960 | 1,700 | 1,087 | 500 | 302 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
Revenue (including revenue from affiliates of $604, $478, $682, and $1,116, respectively) (See Note 13) | $ 2,324,274 | $ 2,463,014 | $ 4,618,252 | $ 4,884,911 |
Operating expenses: | ||||
Programming and other direct costs (including charges from affiliates of $3,080, $2,715, $5,722, and $7,333, respectively) (See Note 13) | 762,280 | 819,011 | 1,533,999 | 1,647,804 |
Other operating expenses (including charges from affiliates of $5,119 , $3,037, $9,795, and $6,132, respectively) (See Note 13) | 656,128 | 673,464 | 1,307,373 | 1,315,370 |
Restructuring expense and other operating items | 5,178 | 2,673 | 34,850 | 6,051 |
Depreciation and amortization (including impairments) | 418,705 | 446,125 | 834,917 | 881,474 |
Total operating expenses | 1,842,291 | 1,941,273 | 3,711,139 | 3,850,699 |
Operating income | 481,983 | 521,741 | 907,113 | 1,034,212 |
Other income (expense): | ||||
Interest expense, net | (406,709) | (310,213) | (795,987) | (613,575) |
Gain (loss) on investments, net | 0 | (325,601) | 192,010 | (476,374) |
Gain (loss) on derivative contracts, net | 0 | 219,114 | (166,489) | 320,188 |
Gain on interest rate swap contracts, net | 61,165 | 39,868 | 46,736 | 163,015 |
Gain on extinguishment of debt and write-off of deferred financing costs | 0 | 0 | 4,393 | 0 |
Other income (loss), net | (1,570) | 2,521 | 8,635 | 4,951 |
Total other income (expense) | (347,114) | (374,311) | (710,702) | (601,795) |
Income before income taxes | 134,869 | 147,430 | 196,411 | 432,417 |
Income tax expense | (48,725) | (33,890) | (79,097) | (116,736) |
Net income | 86,144 | 113,540 | 117,314 | 315,681 |
Net income attributable to noncontrolling interests | (7,844) | (7,366) | (13,149) | (12,956) |
Net income attributable to stockholders | $ 78,300 | $ 106,174 | $ 104,165 | $ 302,725 |
Income per share: | ||||
Basic income per share | $ 0.17 | $ 0.23 | $ 0.23 | $ 0.67 |
Basic weighted average common shares (in thousands) | 454,688 | 453,230 | 454,687 | 453,230 |
Diluted income per share | $ 0.17 | $ 0.23 | $ 0.23 | $ 0.67 |
Diluted weighted average common shares (in thousands) | 454,688 | 453,230 | 455,139 | 453,230 |
Cash dividends declared per common share | $ 0 | $ 0 | $ 0 | $ 0 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Current Assets: | ||
Cash and cash equivalents | $ 219,128 | $ 305,484 |
Restricted cash | 273 | 267 |
Accounts receivable, trade (less allowance for doubtful accounts of $24,883 and $20,767, respectively) | 332,657 | 365,992 |
Derivative contracts | 0 | 263,873 |
Investment securities pledged as collateral | 0 | 1,502,145 |
Total current assets | 736,321 | 2,568,445 |
Property, plant and equipment, net of accumulated depreciation of $7,999,028 and $7,785,397, respectively | 7,963,047 | 7,500,780 |
Right-of-use operating lease assets | 261,630 | 250,601 |
Other assets | 270,208 | 259,681 |
Amortizable intangibles, net of accumulated amortization of $5,758,653 and $5,549,674, respectively | 1,451,370 | 1,660,331 |
Indefinite-lived cable television franchises | 13,216,355 | 13,216,355 |
Goodwill | 8,208,773 | 8,208,773 |
Total assets | 32,107,704 | 33,664,966 |
Current Liabilities: | ||
Accounts payable | 979,288 | 1,213,806 |
Interest payable | 279,085 | 252,351 |
Accrued employee related costs | 135,505 | 139,328 |
Deferred revenue | 87,506 | 80,559 |
Debt | 1,111,144 | 2,075,077 |
Total current liabilities | 3,007,376 | 4,039,701 |
Other liabilities | 231,463 | 274,623 |
Deferred tax liability | 4,970,285 | 5,081,661 |
Right-of-use operating lease liability | 276,142 | 260,237 |
Long-term debt, net of current maturities | 24,003,953 | 24,512,656 |
Total liabilities | 32,489,219 | 34,168,878 |
Commitments and contingencies (Note 14) | ||
Redeemable noncontrolling interest | 21,618 | 0 |
Stockholders' Deficiency: | ||
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Paid-in capital | 168,933 | 182,701 |
Accumulated deficit | (550,108) | (654,273) |
Total stockholders' equity before accumulated other comprehensive Income and non-controlling interest | (376,628) | (467,010) |
Treasury stock, at cost (18,921 Class A common shares at December 31, 2022) | 0 | 0 |
Accumulated other comprehensive loss | (2,245) | (8,201) |
Total Altice USA stockholders' deficiency | (378,873) | (475,211) |
Noncontrolling interests | (24,260) | (28,701) |
Total stockholders' deficiency | (403,133) | (503,912) |
Total liabilities and stockholders' deficiency | 32,107,704 | 33,664,966 |
Nonrelated Party | ||
Current Assets: | ||
Prepaid expenses and other current assets ($299 and $572 due from affiliates, respectively) | 184,263 | 130,684 |
Current Liabilities: | ||
Other current liabilities ($51,797 and $20,857 due to affiliates, respectively) | 414,848 | 278,580 |
Common Class A | ||
Stockholders' Deficiency: | ||
Common stock | 2,704 | 2,719 |
Common Class B | ||
Stockholders' Deficiency: | ||
Common stock | 1,843 | 1,843 |
Common Class C | ||
Stockholders' Deficiency: | ||
Common stock | $ 0 | $ 0 |