← Optimum Communications, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($832.0m) |
$1.5b
+282.69%
|
$18.8m
-98.76%
|
$138.9m
+637.73%
|
$436.2m
+213.95%
|
$1.0b
+131.77%
|
$194.6m
-80.75%
|
$53.2m
-72.66%
|
($102.9m)
-293.46%
|
($1.9b)
-1716.03%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($831.5m) | $1.5b | $20.6m | $139.9m | $443.5m | — | $220.9m | $79.0m | ($78.3m) | ($1.8b) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $551k | $1.6m | $1.8m | $1.0m | $7.3m | — | $26.3m | $25.8m | $24.6m | $36.0m | — | |
| Depreciation, Depletion and Amortization | $1.7b | $2.9b | $2.4b | $2.3b | $2.1b | $1.8b | $1.8b | $1.6b | $1.6b | $1.7b | $1.7b | |
| Amortization of Debt Issuance Costs and Discounts | $27.8m | $31.0m | $85.1m | $106.2m | $91.1m | — | $77.4m | $34.4m | $19.6m | $26.5m | — | |
| Amortization of Intangible Assets | $653.4m | $1.3b | $874.2m | $787.9m | $738.6m | — | $555.3m | $391.4m | $315.8m | $270.8m | — | |
| Depreciation | $1.0b | $1.6b | $1.5b | $1.5b | $1.3b | $1.8b | $1.2b | $1.3b | $1.3b | $1.4b | $1.4b | |
| Amortization of deferred financing costs and discounts (premiums) on indebtedness | $27.8m | $31.0m | $85.1m | $106.2m | $91.1m | $91.2m | $77.4m | $34.4m | $19.6m | $26.5m | — | |
| Deferred Income Tax Expense (Benefit) | ($264.0m) | ($2.9b) | ($67.6m) | $14.9m | $75.5m | $40.7m | $36.4m | ($226.9m) | ($396.1m) | ($222.9m) | ($161.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $14.4m | $57.4m | $59.8m | $99.1m | $125.1m | — | $160.0m | $47.9m | $67.2m | $64.1m | $53.1m | |
| Share-based Payment Arrangement, Expense | $9.8m | $55.3m | — | — | $125.1m | — | $160.0m | $47.9m | $67.2m | $64.1m | $53.1m | |
| Share-based compensation expense | $14.4m | $57.4m | $59.8m | $99.1m | $125.1m | $98.3m | $160.0m | $47.9m | $67.2m | $64.1m | $53.1m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $163.1m | $0 | $0 | $4.4b | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $1.6b | — | |
| Indefinite-lived cable franchise rights impairment | — | — | — | — | — | — | — | $0 | $0 | $1.6b | — | |
| Goodwill impairment | — | — | — | — | — | $0 | $0 | $163.1m | $0 | $0 | $4.4b | |
| Income (Loss) from Equity Method Investments | ($1.1m) | ($10.0m) | ($10.8m) | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($1.6b) | ($2.2b) | ($1.7b) | ($1.6b) | ($1.5b) | — | ($1.3b) | ($1.6b) | ($1.8b) | ($1.8b) | — | |
| Other Nonoperating Income (Expense) | $4.3m | ($1.8m) | ($12.5m) | $1.2m | $5.6m | — | $8.5m | $4.9m | ($5.7m) | ($3.1m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $58.8m | $89.7m | $144.1m | $91.7m | $50.7m | — | $45.3m | $77.7m | $58.9m | $72.3m | ($106.8m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $53.2m | $74.2m | $71.4m | $91.5m | $66.0m | — | $88.2m | $84.5m | $86.6m | $67.8m | ($106.8m) | |
| Accounts receivable, trade | ($58.8m) | ($89.7m) | ($144.1m) | ($91.7m) | ($50.7m) | ($30.4m) | ($45.3m) | ($77.7m) | ($58.9m) | ($72.3m) | ($106.8m) | |
| Increase (Decrease) in Accounts Payable | ($11.8m) | $69.1m | $12.5m | ($33.1m) | ($118.4m) | — | $46.7m | ($39.3m) | $3.9m | ($138.7m) | ($295.2m) | |
| Accounts payable and accrued liabilities | ($11.8m) | $69.1m | $12.5m | ($33.1m) | ($118.4m) | ($177.3m) | $46.7m | ($39.3m) | $3.9m | ($138.7m) | ($295.2m) | |
| Deferred revenue | $9.8m | $12.3m | $72.4m | ($10.4m) | ($40.0m) | ($40.9m) | ($15.0m) | $9.2m | $11.0m | $60.0m | — | |
| Other | $0 | $0 | ($859k) | $0 | ($4.9m) | $4.9m | $3.5m | $11.2m | $6.4m | $4.4m | — | |
| Prepaid expenses and other assets | $56.4m | ($32.9m) | ($14.9m) | ($100.3m) | $8.3m | $28.3m | $50.4m | ($54.8m) | $30.2m | ($63.9m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.2b |
$2.0b
+69.00%
|
$2.5b
+25.31%
|
$2.6b
+1.83%
|
$3.0b
+16.68%
|
$2.9b
-4.23%
|
$2.4b
-17.07%
|
$1.8b
-22.84%
|
$1.6b
-13.36%
|
$1.2b
-22.37%
|
$1.0b
-15.90%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $625.5m | $991.4m | $1.2b | $1.4b | $1.1b | ($1.2b) | $1.9b | $1.7b | $1.4b | $1.3b | ($1.2b) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | — | — | — | $55.1m | $83.7m | |
| Proceeds related to sale of equipment, net of costs of disposal | $5.9m | $9.7m | $10.8m | $3.9m | — | — | — | $8k | $6.3m | $65.5m | — | |
| Gain (Loss) on Investments | $141.9m | $237.4m | ($261.8m) | $469.1m | $320.1m | — | ($659.8m) | $180.2m | $670k | $5k | ($44.2m) | |
| Gain on investments, sale of assets, or sale of affiliate interests | — | — | — | — | — | — | — | ($180.2m) | ($670k) | ($55.1m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $9.0b | $46.7m | $10.8m | $172.3m | $150.0m | — | $2.1m | $0 | $38.5m | $7.6m | $0 | |
| Payments for acquisitions, net of cash acquired | ($9.0b) | ($46.7m) | ($10.8m) | ($172.3m) | ($150.0m) | ($340.4m) | ($2.1m) | $0 | ($38.5m) | ($7.6m) | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | ($3.5m) | — | $5.2m | $1.7m | ($16.0m) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($9.6b) | ($1.1b) | ($1.1b) | ($1.5b) | ($1.2b) | ($1.6b) | ($1.9b) | ($1.7b) | ($1.5b) | ($1.3b) | ($1.2b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($127.6m) | ($600.2m) | ($48.8m) | ($243.8m) | ($250.5m) | — | ($575k) | $4.4m | ($12.9m) | ($23.5m) | — | |
| Loss (gain) on extinguishment of debt and write-off of deferred financing costs | $127.6m | $600.2m | $48.8m | $243.8m | $250.5m | $51.7m | $575k | ($4.4m) | $12.9m | $23.5m | — | |
| Proceeds from long-term debt | — | — | $5.6b | $9.2b | $8.0b | $4.4b | $4.3b | $2.7b | $4.2b | $3.8b | — | |
| Repayment of debt | — | — | ($4.9b) | ($8.2b) | ($6.2b) | ($4.9b) | ($4.5b) | ($2.7b) | ($4.2b) | ($2.6b) | ($4.7b) | |
| Proceeds from derivative contracts in connection with the settlement of collateralized debt | $179.4m | $838.8m | $516.5m | $93.0m | $0 | $185.1m | $0 | $38.9m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | — | — | $500.0m | $1.7b | $4.8b | — | $0 | $0 | — | — | — | |
| Dividends paid | $365.6m | $919.3m | $1.5b | $0 | $0 | — | — | — | — | — | ($9.7m) | |
| Payments of Dividends | $365.6m | $919.3m | $1.5b | $0 | $0 | — | — | — | — | — | ($9.7m) | |
| Dividends Payable | $79.6m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($859k) | $0 | — | — | ($8.4m) | ($10.1m) | ($9.3m) | ($24.8m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $131.4m |
($1.1b)
-936.28%
|
($1.4b)
-26.56%
|
($624.4m)
+55.11%
|
($2.2b)
-249.30%
|
($1.4b)
+37.53%
|
($335.9m)
+75.35%
|
($122.6m)
+63.50%
|
($172.0m)
-40.29%
|
$949.4m
+652.03%
|
$1.3b
+32.21%
|
|
| Net increase (decrease) in cash and cash equivalents | ($8.3b) | ($229.5m) | ($31.1m) | $403.1m | ($423.5m) | ($82.7m) | $109.5m | ($3.4m) | ($45.5m) | $884.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($31.1m) | $403.1m | ($423.5m) | — | $109.8m | ($3.4m) | ($45.5m) | $884.6m | $1.4b | |
| Cash, cash equivalents and restricted cash at beginning of year | $503.1m | $273.6m | $299.0m | $702.2m | $278.7m | $196.0m | $305.8m | $302.3m | $256.8m | $1.1b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $503.1m | $273.6m | $299.0m | $702.2m | $278.7m | $196.0m | $305.8m | $302.3m | $256.8m | $1.1b | $1.4b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($2.2m) | — | $291k | ($697k) | ($424k) | $594k | ($288k) | |
| Effect of exchange rate changes on cash and cash equivalents | $0 | $0 | ($26k) | ($1.2m) | ($2.2m) | ($662k) | $291k | ($697k) | ($424k) | $594k | ($288k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | — | $3.2m | $14.3m | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $1.4b | $1.4b | — | $1.2b | — | — | — | — | |
| Income Taxes Paid, Net | $1.5m | $29.0m | $13.7m | $10.3m | $80.4m | — | $254.0m | — | — | $159.2m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($1.8m) | ($1.3m) | ($1.6m) | ($623k) | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $206k | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | ($59.8m) | — | — | |
| Goodwill | $8.0b | $8.0b | $8.0b | $8.1b | $8.2b | $8.2b | $8.2b | $8.0b | $8.0b | $8.0b | $4.4b | |
| Income Tax Expense (Benefit) | ($259.7m) | ($2.9b) | ($38.7m) | $47.2m | $139.7m | — | $295.8m | $39.5m | ($4.1m) | ($96.9m) | — | |
| Investment Income, Interest | $13.8m | $1.9m | $10.9m | $5.7m | $2.2m | — | — | — | — | — | — | |
| Payments of Financing Costs | $203.7m | $8.6m | $28.5m | $23.6m | $48.5m | — | — | — | $19.6m | $170.5m | — | |
| Proceeds from Contributed Capital | $1.2b | $1.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | $6.0m | ($1.0m) | $12.5m | — | — | — | — | ($26.5m) | — | |
| Loss on derivative contracts, net | $53.7m | $236.3m | ($218.8m) | $282.7m | $178.3m | ($85.9m) | ($425.8m) | $166.5m | $0 | $0 | — | |
| Decrease in right-of-use assets | — | — | — | — | — | $43.8m | $44.3m | $46.1m | $44.6m | $44.8m | — | |
| Allowance for credit losses | $53.2m | $74.2m | $71.4m | $91.5m | $66.0m | $68.8m | $88.2m | $84.5m | $86.6m | $67.8m | — | |
| Amounts due from and due to affiliates | $41.4m | ($33.0m) | $11.0m | ($7.9m) | $3.6m | $23.8m | ($7.7m) | $50.8m | ($44.5m) | $117k | — | |
| Interest payable | — | — | — | — | — | — | $7.4m | $29.5m | $131.7m | $7.5m | — | |
| Interest rate swap contracts | $78.8m | ($921k) | $53.1m | $30.3m | $104.1m | ($150.0m) | ($301.1m) | $72.7m | $104.4m | $7.5m | — | |
| Additions to other intangible assets | ($106k) | ($1.7m) | ($584k) | ($4.1m) | — | — | — | ($924k) | ($1.4m) | ($4.4m) | — | |
| Other, net | — | — | $16.0m | $2.1m | $3.5m | $11.5m | ($5.2m) | ($10.1m) | ($9.3m) | ($24.8m) | — | |
| Principal payments on finance lease obligations | — | ($15.2m) | ($10.2m) | ($9.0m) | ($43.1m) | ($85.9m) | ($134.7m) | ($149.3m) | ($127.3m) | ($103.2m) | — | |
| Payments related to acquisition of noncontrolling interest | — | — | — | — | — | $0 | $0 | ($14.1m) | ($7.3m) | $0 | — | |
| Additions to deferred financing costs | ($203.7m) | ($8.6m) | ($28.5m) | ($23.6m) | ($48.5m) | — | ($1.8m) | ($7.2m) | ($19.6m) | ($170.5m) | — | |
| Distributions to noncontrolling interest | $0 | $335k | ($6.0m) | $1.0m | ($12.5m) | — | — | $0 | $0 | ($26.5m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.