Jessica Fischer
CFO at Charter Communications
But our plan is to grow adjusted EBITDA in this year. Turning to net income, we generated $1,500,000,000 of net income attributable to Charter shareholders in the Q4 compared to $1,100,000,000 last year. Given this quarter's higher adjusted EBITDA and a larger pension remeasurement loss in the prior year period Turning to Slide 13, capital expenditures totaled $3,100,000,000 in the 4th quarter up about $200,000,000 from last year's Q4. Line extension spend totaled $1,100,000,000 driven by our subsidized rural construction initiative and continued network expansion across residential and commercial greenfield and market fill in opportunities 4th quarter capital expenditures excluding line extensions totaled $2,000,000,000 about $130,000,000 higher than last year The increase was mostly driven by CPE due to purchase timing and higher scalable infrastructure spend 2024 capital expenditures totaled $11,300,000,000 less than our original expectation for $12,200,000,000 to $12,400,000,000 given lower network evolution and line extension spending, both due to timing. We expect total 2025 capital expenditures to reach approximately $12,000,000,000 including line extension spend of approximately $4,200,000,000 and network evolution spend of approximately $1,500,000,000 On slide 14, we have provided our current expectations for capital spending through the year 2028, excluding any line extension spending associated with the B program, as we are still in the early stages of bidding and we have a lower appetite to bid due to regulatory conditions.
