Altice USA (ATUS) Financials

$2.27 0.00 (0.00%)

Closing price 04/23/2025 03:59 PM Eastern

Extended Trading

$2.28 +0.00 (+0.22%)

As of 04/23/2025 04:42 PM Eastern

Annual Income Statements for Altice USA

This table shows Altice USA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	526	-832	1,493	19	139	436	990	195	53	-103
Consolidated Net Income / (Loss)	175	-831	1,495	21	140	443	1,011	221	79	-78
Net Income / (Loss) Continuing Operations	188	-831	1,495	21	140	443	1,011	221	79	-78
Total Pre-Tax Income	343	-1,091	-1,368	-18	187	583	1,306	517	119	-82
Total Operating Income	848	463	841	1,682	1,824	2,115	2,525	1,803	1,702	1,680
Total Gross Profit	4,276	4,106	6,271	6,394	6,460	6,554	6,709	6,442	6,207	6,058
Total Revenue	6,546	6,017	9,307	9,567	9,761	9,895	10,091	9,648	9,237	8,954
Operating Revenue	6,546	6,017	9,307	9,567	9,761	9,895	10,091	9,648	9,237	8,954
Total Cost of Revenue	2,269	1,911	3,036	3,173	3,301	3,340	3,382	3,206	3,030	2,897
Operating Cost of Revenue	2,269	1,911	3,036	3,173	3,301	3,340	3,382	3,206	3,030	2,897
Total Operating Expenses	3,428	3,643	5,430	4,711	4,637	4,439	4,184	4,639	4,505	4,378
Selling, General & Admin Expense	2,546	1,702	2,347	2,290	2,300	2,264	2,380	2,735	2,646	2,712
Depreciation Expense	865	1,700	2,931	2,382	2,263	2,083	1,787	1,774	1,644	1,642
Impairment Charge	-	-	-	-	-	-	17	130	215	24
Total Other Income / (Expense), net	-506	-1,554	-2,209	-1,700	-1,637	-1,532	-1,219	-1,286	-1,583	-1,762
Interest Expense	587	1,584	2,203	1,605	1,780	250	52	0.58	-4.39	13
Interest & Investment Income	-29	14	1.92	11	5.71	-1,030	-1,355	-1,991	-1,459	-1,762
Other Income / (Expense), net	111	16	-7.15	-106	138	-251	188	706	-129	13
Income Tax Expense	155	-260	-2,862	-39	47	140	295	296	40	-4.07
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.20	0.55	1.59	1.76	1.00	7.30	21	26	26	25
Basic Earnings per Share	$0.65	($1.28)	$2.15	$0.03	$0.21	$0.75	$2.16	$0.43	$0.12	($0.22)
Weighted Average Basic Shares Outstanding	269.39M	649.53M	696.06M	730.09M	660.38M	581.06M	458.31M	453.24M	454.72M	459.89M
Diluted Earnings per Share	$0.63	($1.28)	$2.15	$0.03	$0.21	$0.75	$2.14	$0.43	$0.12	($0.22)
Weighted Average Diluted Shares Outstanding	276.34M	649.53M	696.06M	730.09M	662.54M	583.69M	462.30M	453.28M	455.03M	459.89M
Weighted Average Basic & Diluted Shares Outstanding	-	649.53M	696.06M	730.09M	627.95M	730.09M	627.95M	456.07M	456.12M	463.23M
Cash Dividends to Common per Share	$0.45	$0.69	$1.29	$2.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Altice USA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	85	-193	26	78	67	-118	-21	15	-43	-54
Consolidated Net Income / (Loss)	98	-192	31	86	76	-114	-13	22	-41	-46
Net Income / (Loss) Continuing Operations	98	-192	31	86	76	-114	-13	22	-41	-46
Total Pre-Tax Income	133	-49	62	135	103	-181	-9.97	71	-51	-92
Total Operating Income	467	301	425	482	493	302	393	502	445	341
Total Gross Profit	1,611	1,593	1,522	1,562	1,567	1,556	1,507	1,521	1,516	1,513
Total Revenue	2,394	2,369	2,294	2,324	2,317	2,302	2,251	2,241	2,228	2,235
Operating Revenue	2,394	2,369	2,294	2,324	2,317	2,302	2,251	2,241	2,228	2,235
Total Cost of Revenue	782	776	772	762	751	745	744	719	711	722
Operating Cost of Revenue	782	776	772	762	751	745	744	719	711	722
Total Operating Expenses	1,144	1,292	1,097	1,080	1,070	1,258	1,114	1,020	1,072	1,172
Selling, General & Admin Expense	694	726	651	656	667	672	674	671	675	692
Depreciation Expense	446	446	416	419	402	407	388	396	386	472
Total Other Income / (Expense), net	-334	-350	-364	-347	-390	-483	-403	-431	-495	-433
Interest Expense	341	-954	385	407	420	-1,216	444	443	448	-1,322
Interest & Investment Income	-426	-1,089	192	0.00	0.00	-1,651	0.29	0.00	0.00	-1,763
Other Income / (Expense), net	433	-215	-171	60	31	-48	41	12	-47	7.26
Income Tax Expense	36	143	30	49	27	-67	2.92	49	-9.89	-46
Net Income / (Loss) Attributable to Noncontrolling Interest	13	0.70	5.31	7.84	8.68	4.01	8.30	6.34	2.14	7.87
Basic Earnings per Share	$0.19	($0.42)	$0.06	$0.17	$0.15	($0.26)	($0.05)	$0.03	($0.09)	($0.11)
Weighted Average Basic Shares Outstanding	453.24M	453.24M	454.69M	454.69M	454.73M	454.72M	457.37M	460.00M	460.63M	459.89M
Diluted Earnings per Share	$0.19	($0.42)	$0.06	$0.17	$0.15	($0.26)	($0.05)	$0.03	($0.09)	($0.11)
Weighted Average Diluted Shares Outstanding	453.39M	453.28M	455.59M	454.69M	455.08M	455.03M	457.37M	460.00M	460.63M	459.89M
Weighted Average Basic & Diluted Shares Outstanding	454.67M	456.07M	454.68M	454.73M	454.76M	456.12M	459.96M	460.58M	461.63M	463.23M

This table details how cash moves in and out of Altice USA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	153	-8,283	-173	-62	404	-421	-83	110	-3.41	-46
Net Cash From Operating Activities	1,258	1,184	2,018	2,508	2,554	2,980	2,854	2,367	1,826	1,582
Net Cash From Continuing Operating Activities	1,258	1,184	2,018	2,508	2,554	2,980	2,854	2,367	1,826	1,582
Net Income / (Loss) Continuing Operations	188	-831	1,495	21	140	443	1,011	221	79	-78
Consolidated Net Income / (Loss)	175	-831	1,495	21	140	443	1,011	221	79	-78
Depreciation Expense	865	1,700	2,931	2,382	2,263	2,083	1,787	1,774	1,644	1,642
Amortization Expense	29	28	31	85	106	91	91	77	34	20
Non-Cash Adjustments To Reconcile Net Income	18	155	708	223	289	349	289	519	374	166
Changes in Operating Assets and Liabilities, net	158	133	-3,147	-203	-244	13	-325	-224	-306	-167
Net Cash From Investing Activities	-828	-9,599	-1,092	-1,148	-1,525	-1,220	-1,574	-1,922	-1,707	-1,456
Net Cash From Continuing Investing Activities	-828	-9,599	-1,092	-1,148	-1,525	-1,220	-1,574	-1,922	-1,707	-1,456
Purchase of Property, Plant & Equipment	-816	-626	-951	-1,154	-1,355	-1,074	-1,232	-1,914	-1,705	-1,433
Acquisitions	-8.04	-8,989	-48	-11	-172	-150	-340	-2.06	0.00	-39
Other Investing Activities, net	-	14	-	16	2.15	3.50	-1.44	-5.17	-1.71	16
Net Cash From Financing Activities	-277	131	-1,099	-1,391	-624	-2,181	-1,363	-336	-123	-172
Net Cash From Continuing Financing Activities	-277	131	-1,099	-1,391	-624	-2,181	-1,363	-336	-123	-172
Repayment of Debt	-923	-9,499	-6,996	-5,438	-8,160	-6,195	-4,882	-4,478	-2,659	-4,252
Repurchase of Common Equity	-27	0.00	0.00	-500	-1,687	-4,816	-805	0.00	-14	-7.26
Issuance of Debt	775	8,750	6,466	6,072	9,253	8,020	4,410	4,277	2,700	4,215
Other Financing Activities, net	24	1,247	1.14	-31	-31	810	-86	-135	-149	-127
Effect of Exchange Rate Changes	-	0.00	0.00	-0.03	-1.17	-	-0.66	0.29	-0.70	-0.42

This table details how cash moves in and out of Altice USA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	18	55	-85	-1.32	49	34	-18	78	-112	6.53
Net Cash From Operating Activities	629	461	417	439	474	496	400	307	436	440
Net Cash From Continuing Operating Activities	629	461	417	439	474	496	400	307	436	440
Net Income / (Loss) Continuing Operations	98	-192	31	86	76	-114	-13	22	-41	-46
Consolidated Net Income / (Loss)	98	-192	31	86	76	-114	-13	22	-41	-46
Depreciation Expense	446	446	416	419	402	407	388	396	386	472
Amortization Expense	20	16	11	7.64	7.98	8.11	6.89	4.23	4.35	4.16
Non-Cash Adjustments To Reconcile Net Income	183	50	9.13	72	71	222	70	-14	58	53
Changes in Operating Assets and Liabilities, net	-118	141	-50	-146	-82	-27	-52	-101	28	-42
Net Cash From Investing Activities	-498	-545	-583	-475	-353	-295	-336	-350	-360	-410
Net Cash From Continuing Investing Activities	-498	-545	-583	-475	-353	-295	-336	-350	-360	-410
Purchase of Property, Plant & Equipment	-494	-543	-583	-473	-353	-295	-336	-348	-359	-390
Acquisitions	-2.06	-	-	-	-	-	-	-	-3.72	-33
Other Investing Activities, net	-2.38	-2.18	-0.20	-1.38	-0.10	-0.04	0.32	-0.37	2.80	13
Net Cash From Financing Activities	-114	139	81	34	-70	-168	-81	121	-188	-24
Net Cash From Continuing Financing Activities	-114	139	81	34	-70	-168	-81	121	-188	-24
Repayment of Debt	-1,281	-2,438	-270	-1,478	-437	-474	-2,988	-739	-189	-336
Issuance of Debt	1,105	2,712	389	1,550	411	350	2,950	825	100	340
Other Financing Activities, net	62	-135	-38	-38	-44	-29	-43	35	-99	-21
Effect of Exchange Rate Changes	0.16	0.24	-0.19	0.74	-2.03	0.79	-0.61	-0.21	0.41	-0.02

This table presents Altice USA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	36,474	34,812	33,614	34,108	66,753	33,215	33,665	31,924	31,701
Total Current Assets	1,705	904	903	1,381	1,953	790	2,568	835	731
Cash & Equivalents	487	330	299	702	556	196	305	302	257
Restricted Cash	758	0.25	0.26	0.26	0.53	0.26	0.27	0.28	0.29
Accounts Receivable	372	391	466	464	885	407	366	358	332
Prepaid Expenses	88	130	136	215	511	184	131	175	142
Plant, Property, & Equipment, net	6,598	6,024	5,829	5,753	11,612	6,340	7,501	8,118	8,415
Total Noncurrent Assets	28,172	27,885	26,882	26,973	53,188	26,085	23,596	22,971	22,556
Goodwill	7,993	8,020	8,012	8,142	16,321	8,206	8,209	8,045	8,041
Intangible Assets	19,373	18,087	17,213	16,501	31,698	15,418	14,877	14,476	14,172
Other Noncurrent Operating Assets	59	58	194	398	667	299	510	451	342
Total Liabilities & Shareholders' Equity	36,474	34,812	33,614	34,108	66,753	33,215	33,665	31,924	31,701
Total Liabilities	34,376	29,076	29,804	31,720	69,135	34,086	34,169	32,358	32,158
Total Current Liabilities	3,705	2,520	2,021	1,978	6,196	2,735	4,040	2,308	2,255
Short-Term Debt	1,602	593	159	171	2,491	917	2,075	359	185
Accounts Payable	706	795	858	800	1,591	1,023	1,214	937	971
Accrued Expenses	352	412	313	379	1,105	330	279	470	425
Current Employee Benefit Liabilities	233	148	140	111	284	125	139	182	192
Other Current Liabilities	141	64	26	7.46	-	-	81	85	74
Other Current Nonoperating Liabilities	577	397	386	386	504	245	252	275	406
Total Noncurrent Liabilities	30,671	26,556	27,782	29,742	62,425	31,351	30,129	30,050	29,903
Long-Term Debt	22,415	21,336	22,654	24,250	50,953	25,629	24,513	24,716	24,872
Noncurrent Deferred & Payable Income Tax Liabilities	7,967	4,769	4,724	4,763	10,040	5,048	5,082	4,848	4,456
Other Noncurrent Operating Liabilities	192	335	308	672	1,431	673	535	486	576
Total Equity & Noncontrolling Interests	2,030	5,505	3,680	2,279	-1,203	-871	-504	-434	-457
Total Preferred & Common Equity	2,030	5,503	3,671	2,270	-1,141	-820	-475	-422	-469
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,030	5,496	3,671	2,270	-2,118	-820	-475	-422	-469
Common Stock	3,004	4,665	3,431	2,046	4.83	23	187	192	239
Retained Earnings	-976	841	252	391	-986	-849	-654	-601	-704
Treasury Stock	-	-	0.00	-164	164	0.00	0.00	0.00	-0.01
Accumulated Other Comprehensive Income / (Loss)	1.98	-10	-12	-3.25	7.29	6.50	-8.20	-13	-3.83
Noncontrolling Interest	0.29	1.54	9.30	9.30	-62	-51	-29	-12	12

This table presents Altice USA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	33,283	31,987	32,108	32,208	31,947	32,016	31,834
Total Current Assets	2,500	720	736	801	909	1,008	865
Cash & Equivalents	251	220	219	268	284	362	250
Restricted Cash	0.27	0.27	0.27	0.28	0.28	0.29	0.29
Accounts Receivable	343	319	333	333	315	320	316
Prepaid Expenses	164	179	184	199	258	289	299
Plant, Property, & Equipment, net	7,078	7,791	7,963	8,101	8,198	8,257	8,352
Total Noncurrent Assets	23,704	23,477	23,408	23,306	22,840	22,751	22,617
Goodwill	8,206	8,209	8,209	8,208	8,045	8,045	8,045
Intangible Assets	14,999	14,771	14,668	14,573	14,392	14,313	14,253
Other Noncurrent Operating Assets	500	497	532	525	404	393	320
Total Liabilities & Shareholders' Equity	33,283	31,987	32,108	32,208	31,947	32,016	31,834
Total Liabilities	33,622	32,467	32,489	32,530	32,382	32,413	32,257
Total Current Liabilities	3,970	2,247	3,007	3,128	2,243	2,189	2,125
Short-Term Debt	2,062	373	1,111	1,116	344	317	274
Accounts Payable	1,085	1,082	979	997	963	967	1,017
Accrued Expenses	353	341	415	472	409	319	286
Current Deferred Revenue	90	96	88	86	87	77	85
Current Employee Benefit Liabilities	155	118	136	171	135	142	172
Other Current Nonoperating Liabilities	224	236	279	287	304	368	291
Total Noncurrent Liabilities	29,652	30,221	29,482	29,401	30,139	30,224	30,132
Long-Term Debt	24,290	24,624	24,004	24,001	24,718	24,894	24,779
Noncurrent Deferred & Payable Income Tax Liabilities	4,956	5,025	4,970	4,892	4,937	4,841	4,844
Other Noncurrent Operating Liabilities	406	571	508	508	484	489	510
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-339	-503	-403	-321	-435	-397	-423
Total Preferred & Common Equity	-314	-471	-379	-305	-431	-399	-427
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-314	-471	-379	-305	-431	-399	-427
Common Stock	142	164	173	181	200	215	230
Retained Earnings	-461	-628	-550	-483	-622	-607	-650
Treasury Stock	0.00	0.00	0.00	0.00	-0.01	-0.01	-0.01
Accumulated Other Comprehensive Income / (Loss)	5.43	-7.33	-2.25	-2.51	-9.21	-6.78	-7.31
Noncontrolling Interest	-26	-31	-24	-16	-3.94	2.40	4.54

This table displays calculated financial ratios and metrics derived from Altice USA's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-8.07%	54.67%	2.79%	2.03%	1.37%	1.98%	-4.39%	-4.26%	-3.06%
EBITDA Growth	0.00%	19.09%	71.95%	6.54%	7.11%	-6.76%	13.69%	-5.05%	-25.41%	3.17%
EBIT Growth	0.00%	-50.05%	74.00%	89.02%	24.47%	-4.98%	45.55%	-7.53%	-37.30%	7.63%
NOPAT Growth	0.00%	-30.33%	81.72%	100.04%	15.81%	17.93%	21.51%	-60.57%	47.23%	3.66%
Net Income Growth	0.00%	-574.46%	279.77%	-98.62%	579.51%	216.91%	127.95%	-78.15%	-64.22%	-199.04%
EPS Growth	0.00%	-303.17%	267.97%	-98.60%	600.00%	257.14%	185.33%	-79.91%	-72.09%	-283.33%
Operating Cash Flow Growth	0.00%	-5.85%	70.39%	24.28%	1.83%	16.68%	-4.23%	-17.07%	-22.84%	-13.36%
Free Cash Flow Firm Growth	0.00%	0.00%	97.04%	370.49%	4.98%	-1,116.46%	221.87%	-100.77%	638.98%	-1.08%
Invested Capital Growth	0.00%	0.00%	5.31%	-2.98%	-2.72%	91.46%	-49.89%	4.10%	0.34%	0.56%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.00%	0.20%	0.62%	-0.14%	-1.55%	-0.73%	-0.74%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	3.46%	0.79%	-6.27%	9.14%	-14.34%	3.85%	4.84%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	29.58%	1.16%	-10.24%	20.88%	-22.85%	11.94%	5.88%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	22.74%	-31.55%	59.64%	-0.91%	-54.14%	40,008.07%	2.35%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-99.00%	-60.29%	308.58%	-6.95%	-67.23%	18,899.28%	46.32%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-99.00%	-61.11%	435.71%	-0.93%	-69.29%	400.00%	40.54%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	4.25%	0.09%	-0.69%	2.45%	-3.87%	-8.34%	1.96%	-3.44%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-24.09%	-1,429.37%	840.94%	81.72%	-10.63%	-19.62%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.03%	0.12%	96.18%	1.39%	-5.61%	-0.81%	0.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.33%	68.24%	67.38%	66.83%	66.19%	66.24%	66.48%	66.77%	67.20%	67.65%
EBITDA Margin	28.32%	36.68%	40.78%	42.27%	44.37%	40.81%	45.50%	45.19%	35.20%	37.47%
Operating Margin	12.96%	7.69%	9.04%	17.59%	18.68%	21.38%	25.02%	18.68%	18.43%	18.76%
EBIT Margin	14.66%	7.96%	8.96%	16.48%	20.10%	18.84%	26.89%	26.00%	17.03%	18.91%
Profit (Net Income) Margin	2.68%	-13.82%	16.06%	0.22%	1.43%	4.48%	10.02%	2.29%	0.86%	-0.87%
Tax Burden Percent	51.14%	76.20%	-109.30%	-114.02%	74.78%	76.04%	77.41%	42.75%	66.66%	95.06%
Interest Burden Percent	35.71%	-227.69%	-164.01%	-1.15%	9.54%	31.29%	48.13%	20.60%	7.54%	-4.86%
Effective Tax Rate	45.20%	0.00%	0.00%	0.00%	25.22%	23.96%	22.59%	57.25%	33.34%	0.00%
Return on Invested Capital (ROIC)	0.00%	2.62%	2.32%	4.59%	5.48%	4.49%	5.54%	3.20%	4.62%	4.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-7.60%	6.54%	-0.95%	-0.14%	1.18%	2.94%	0.98%	0.40%	-0.23%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-81.89%	35.84%	-4.16%	-0.96%	67.25%	-105.51%	-35.34%	-21.46%	12.80%
Return on Equity (ROE)	0.00%	-79.26%	38.16%	0.43%	4.52%	71.75%	-99.97%	-32.13%	-16.85%	17.57%
Cash Return on Invested Capital (CROIC)	0.00%	-197.38%	-2.85%	7.62%	8.24%	-58.27%	72.01%	-0.81%	4.27%	4.21%
Operating Return on Assets (OROA)	0.00%	1.31%	2.34%	4.61%	5.79%	3.70%	5.43%	7.50%	4.80%	5.32%
Return on Assets (ROA)	0.00%	-2.28%	4.19%	0.06%	0.41%	0.88%	2.02%	0.66%	0.24%	-0.25%
Return on Common Equity (ROCE)	0.00%	-76.68%	36.66%	0.41%	4.33%	8.81%	-145.22%	-30.27%	-16.11%	17.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-40.97%	27.16%	0.56%	6.16%	-38.87%	-123.32%	-46.48%	-18.72%	16.68%
Net Operating Profit after Tax (NOPAT)	465	324	589	1,178	1,364	1,608	1,954	771	1,135	1,176
NOPAT Margin	7.10%	5.38%	6.33%	12.31%	13.97%	16.26%	19.37%	7.99%	12.28%	13.13%
Net Nonoperating Expense Percent (NNEP)	0.00%	10.22%	-4.22%	5.55%	5.61%	3.31%	2.60%	2.22%	4.22%	4.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.95%	4.60%	4.78%
Cost of Revenue to Revenue	34.67%	31.76%	32.62%	33.17%	33.81%	33.76%	33.52%	33.23%	32.80%	32.35%
SG&A Expenses to Revenue	38.90%	28.29%	25.22%	23.94%	23.57%	22.89%	23.58%	28.35%	28.65%	30.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.37%	60.55%	58.35%	49.25%	47.50%	44.86%	41.46%	48.09%	48.77%	48.89%
Earnings before Interest and Taxes (EBIT)	959	479	834	1,576	1,962	1,864	2,713	2,509	1,573	1,693
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,854	2,207	3,795	4,044	4,331	4,038	4,591	4,360	3,252	3,355
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.56	3.22	7.67	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.51	1.23	1.78	2.14	0.73	0.22	0.16	0.12
Price to Earnings (P/E)	0.00	0.00	9.42	627.27	125.32	48.48	7.43	10.75	27.78	0.00
Dividend Yield	0.00%	0.00%	0.00%	12.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	10.62%	0.16%	0.80%	2.06%	13.46%	9.30%	3.60%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.31	1.31	1.60	1.48	1.34	1.09	1.07	1.05
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	3.67	3.45	4.03	7.03	3.12	2.78	2.84	2.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.01	8.16	9.08	17.22	6.86	6.16	8.07	7.73
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	41.00	20.94	20.04	37.30	11.61	10.70	16.68	15.31
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	58.07	28.02	28.83	43.22	16.11	34.84	23.13	22.04
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	16.94	13.16	15.39	23.33	11.03	11.34	14.37	16.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	16.89	19.16	0.00	1.24	0.00	24.99	24.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	11.45	3.83	5.99	10.23	-46.41	-30.48	-52.76	-57.72	-54.85
Long-Term Debt to Equity	0.00	10.69	3.72	5.95	10.16	-44.25	-29.43	-48.64	-56.89	-54.44
Financial Leverage	0.00	10.78	5.48	4.37	7.04	56.91	-35.90	-35.98	-53.37	-56.39
Leverage Ratio	0.00	17.39	9.10	7.17	10.93	81.59	-49.43	-48.65	-69.90	-71.39
Compound Leverage Factor	0.00	-39.58	-14.92	-0.08	1.04	25.53	-23.79	-10.02	-5.27	3.47
Debt to Total Capital	0.00%	91.97%	79.28%	85.69%	91.09%	102.20%	103.39%	101.93%	101.76%	101.86%
Short-Term Debt to Total Capital	0.00%	6.13%	2.14%	0.60%	0.64%	4.76%	3.57%	7.96%	1.46%	0.75%
Long-Term Debt to Total Capital	0.00%	85.84%	77.13%	85.09%	90.46%	97.44%	99.82%	93.98%	100.30%	101.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.26%	0.84%	0.52%	0.44%	-0.02%	-0.20%	-0.11%	-0.05%	0.05%
Common Equity to Total Capital	0.00%	7.77%	19.86%	13.79%	8.47%	-4.05%	-3.19%	-1.82%	-1.71%	-1.91%
Debt to EBITDA	0.00	10.89	5.78	5.64	5.64	13.23	5.78	6.10	7.71	7.47
Net Debt to EBITDA	0.00	9.98	5.24	5.21	5.03	11.98	5.27	5.68	7.62	7.39
Long-Term Debt to EBITDA	0.00	10.16	5.62	5.60	5.60	12.62	5.58	5.62	7.60	7.41
Debt to NOPAT	0.00	74.17	37.27	19.37	17.91	33.23	13.58	34.50	22.10	21.31
Net Debt to NOPAT	0.00	68.03	33.79	17.88	15.97	30.08	12.38	32.16	21.84	21.09
Long-Term Debt to NOPAT	0.00	69.23	36.26	19.24	17.78	31.68	13.11	31.81	21.78	21.15
Altman Z-Score	0.00	0.00	0.61	0.65	0.80	0.33	0.60	0.49	0.40	0.39
Noncontrolling Interest Sharing Ratio	0.00%	3.26%	3.94%	3.98%	4.15%	87.72%	-45.26%	5.81%	4.36%	-0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.46	0.36	0.45	0.70	0.32	0.29	0.64	0.36	0.32
Quick Ratio	0.00	0.23	0.29	0.38	0.59	0.23	0.22	0.54	0.29	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-24,389	-723	1,954	2,052	-20,854	25,414	-195	1,050	1,039
Operating Cash Flow to CapEx	154.94%	191.15%	214.34%	217.44%	188.45%	277.49%	231.72%	123.64%	107.13%	110.42%
Free Cash Flow to Firm to Interest Expense	0.00	-15.40	-0.33	1.22	1.15	-83.25	491.45	-338.84	0.00	80.52
Operating Cash Flow to Interest Expense	2.14	0.75	0.92	1.56	1.43	11.90	55.19	4,116.35	0.00	122.66
Operating Cash Flow Less CapEx to Interest Expense	0.76	0.36	0.49	0.84	0.67	7.61	31.37	787.16	0.00	11.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.17	0.26	0.28	0.29	0.20	0.20	0.29	0.28	0.28
Accounts Receivable Turnover	0.00	16.18	24.42	22.34	20.99	14.67	15.62	24.96	25.53	25.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.91	1.47	1.61	1.69	1.14	1.12	1.39	1.18	1.08
Accounts Payable Turnover	0.00	2.71	4.05	3.84	3.98	2.79	2.59	2.87	2.82	3.04
Days Sales Outstanding (DSO)	0.00	22.55	14.95	16.34	17.39	24.88	23.37	14.62	14.30	14.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	134.77	90.23	95.05	91.63	130.62	141.06	127.35	129.55	120.24
Cash Conversion Cycle (CCC)	0.00	-112.21	-75.28	-78.71	-74.24	-105.73	-117.69	-112.72	-115.25	-106.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	24,713	26,024	25,248	24,560	47,022	23,563	24,528	24,613	24,750
Invested Capital Turnover	0.00	0.49	0.37	0.37	0.39	0.28	0.29	0.40	0.38	0.36
Increase / (Decrease) in Invested Capital	0.00	24,713	1,311	-777	-688	22,463	-23,460	965	84	137
Enterprise Value (EV)	0.00	0.00	34,187	33,004	39,315	69,522	31,494	26,843	26,238	25,926
Market Capitalization	0.00	0.00	14,064	11,813	17,411	21,147	7,356	2,091	1,478	1,113
Book Value per Share	$0.00	$3.12	$7.46	$5.13	$3.56	($3.79)	($1.80)	($1.05)	($0.93)	($1.02)
Tangible Book Value per Share	$0.00	($39.01)	($27.96)	($30.14)	($35.13)	($89.79)	($53.76)	($51.82)	($50.45)	($49.14)
Total Capital	0.00	26,128	27,677	26,623	26,808	52,293	25,676	26,084	24,641	24,601
Total Debt	0.00	24,030	21,941	22,813	24,420	53,445	26,547	26,588	25,075	25,057
Total Long-Term Debt	0.00	22,428	21,348	22,654	24,250	50,953	25,629	24,513	24,716	24,872
Net Debt	0.00	22,038	19,891	21,051	21,786	48,386	24,189	24,780	24,773	24,801
Capital Expenditures (CapEx)	812	620	942	1,154	1,355	1,074	1,232	1,914	1,705	1,433
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,643	-1,354	-1,258	-1,129	-2,309	-1,224	-1,204	-1,416	-1,595
Debt-free Net Working Capital (DFNWC)	0.00	-398	-1,023	-959	-426	-1,752	-1,028	604	-1,114	-1,338
Net Working Capital (NWC)	0.00	-2,000	-1,617	-1,118	-597	-4,243	-1,945	-1,471	-1,473	-1,524
Net Nonoperating Expense (NNE)	290	1,155	-906	1,157	1,224	1,165	943	550	1,055	1,254
Net Nonoperating Obligations (NNO)	0.00	22,615	20,288	21,437	22,172	48,174	24,434	25,032	25,047	25,207
Total Depreciation and Amortization (D&A)	894	1,728	2,962	2,467	2,369	2,174	1,878	1,851	1,679	1,662
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-27.30%	-14.54%	-13.15%	-11.56%	-23.33%	-12.13%	-12.48%	-15.33%	-17.81%
Debt-free Net Working Capital to Revenue	0.00%	-6.62%	-11.00%	-10.03%	-4.37%	-17.70%	-10.19%	6.26%	-12.06%	-14.95%
Net Working Capital to Revenue	0.00%	-33.24%	-17.37%	-11.69%	-6.12%	-42.88%	-19.28%	-15.25%	-15.95%	-17.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.65	($1.28)	$2.18	$0.03	$0.21	$0.00	$2.16	$0.43	$0.00	($0.22)
Adjusted Weighted Average Basic Shares Outstanding	269.39M	921.56M	696.06M	697.74M	660.38M	0.00	458.31M	453.24M	0.00	459.89M
Adjusted Diluted Earnings per Share	$0.63	($1.28)	$2.18	$0.03	$0.21	$0.00	$2.14	$0.43	$0.00	($0.22)
Adjusted Weighted Average Diluted Shares Outstanding	276.34M	929.72M	696.06M	697.74M	662.54M	0.00	462.30M	453.28M	0.00	459.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	($1.28)	$0.00	$0.03	$0.21	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	649.53M	737.07M	730.09M	627.95M	0.00	454.65M	456.07M	0.00	463.23M
Normalized Net Operating Profit after Tax (NOPAT)	474	492	695	1,205	1,418	1,678	1,968	1,353	1,278	1,193
Normalized NOPAT Margin	7.24%	8.18%	7.47%	12.59%	14.53%	16.96%	19.50%	14.02%	13.83%	13.32%
Pre Tax Income Margin	5.24%	-18.13%	-14.69%	-0.19%	1.92%	5.89%	12.94%	5.36%	1.28%	-0.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.63	0.30	0.38	0.98	1.10	7.44	52.47	4,363.01	0.00	131.23
NOPAT to Interest Expense	0.79	0.20	0.27	0.73	0.77	6.42	37.79	1,340.11	0.00	91.16
EBIT Less CapEx to Interest Expense	0.25	-0.09	-0.05	0.26	0.34	3.15	28.65	1,033.83	0.00	20.16
NOPAT Less CapEx to Interest Expense	-0.59	-0.19	-0.16	0.02	0.00	2.13	13.97	-1,989.07	0.00	-19.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	71.94%	-43.96%	61.52%	7,254.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	87.60%	-43.96%	61.52%	9,682.14%	1,205.43%	1,086.04%	79.62%	0.00%	17.80%	-9.28%

This table displays calculated financial ratios and metrics derived from Altice USA's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.04%	-6.03%	-5.28%	-5.63%	-3.19%	-2.85%	-1.88%	-3.59%	-3.86%	-2.89%
EBITDA Growth	11.62%	-57.09%	-43.49%	-21.89%	-31.68%	21.97%	21.70%	-5.61%	-15.56%	23.14%
EBIT Growth	21.34%	-89.60%	-65.58%	-30.85%	-41.89%	194.51%	70.55%	-5.15%	-24.02%	37.02%
NOPAT Growth	-31.27%	-62.65%	-40.76%	-23.38%	5.80%	0.38%	27.81%	-50.00%	-13.95%	12.74%
Net Income Growth	-63.94%	-173.80%	-84.58%	-24.13%	-22.64%	40.86%	-141.37%	-74.81%	-154.08%	59.36%
EPS Growth	-67.24%	-176.36%	-86.05%	-26.09%	-21.05%	38.10%	-183.33%	-82.35%	-160.00%	57.69%
Operating Cash Flow Growth	-9.90%	-31.84%	-30.55%	-35.11%	-24.58%	7.60%	-4.12%	-30.09%	-8.11%	-11.34%
Free Cash Flow Firm Growth	-296.10%	-103.14%	-7.06%	162.43%	163.80%	116.85%	132.48%	-91.05%	-70.38%	-20.40%
Invested Capital Growth	11.82%	4.10%	2.99%	-4.33%	-4.51%	0.34%	0.47%	0.10%	-0.58%	0.56%
Revenue Q/Q Growth	-2.82%	-1.02%	-3.17%	1.32%	-0.30%	-0.67%	-2.20%	-0.45%	-0.58%	0.33%
EBITDA Q/Q Growth	10.25%	-59.85%	24.20%	42.06%	-3.57%	-28.32%	23.92%	10.19%	-13.74%	4.54%
EBIT Q/Q Growth	14.92%	-90.42%	195.00%	112.87%	-3.42%	-51.44%	70.84%	18.38%	-22.63%	-12.43%
NOPAT Q/Q Growth	-14.93%	-38.34%	2.15%	42.97%	17.47%	-41.50%	30.07%	-44.07%	102.18%	-23.35%
Net Income Q/Q Growth	-14.02%	-297.10%	116.20%	176.37%	-12.34%	-250.69%	88.67%	268.28%	-288.16%	-13.26%
EPS Q/Q Growth	-17.39%	-321.05%	114.29%	183.33%	-11.76%	-273.33%	80.77%	160.00%	-400.00%	-22.22%
Operating Cash Flow Q/Q Growth	-6.97%	-26.70%	-9.61%	5.28%	8.13%	4.58%	-19.46%	-23.24%	42.12%	0.89%
Free Cash Flow Firm Q/Q Growth	-4.97%	68.61%	34.25%	388.18%	7.28%	-91.71%	26.74%	-20.57%	254.96%	-77.73%
Invested Capital Q/Q Growth	0.28%	-5.61%	0.02%	1.06%	0.09%	-0.81%	0.14%	0.70%	-0.60%	0.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.32%	67.26%	66.36%	67.20%	67.61%	67.62%	66.95%	67.89%	68.07%	67.70%
EBITDA Margin	57.08%	23.15%	29.70%	41.64%	40.28%	29.07%	36.84%	40.78%	35.38%	36.86%
Operating Margin	19.52%	12.71%	18.53%	20.74%	21.26%	13.13%	17.47%	22.38%	19.96%	15.25%
EBIT Margin	37.61%	3.64%	11.09%	23.30%	22.57%	11.04%	19.28%	22.92%	17.84%	15.57%
Profit (Net Income) Margin	4.08%	-8.12%	1.36%	3.71%	3.26%	-4.94%	-0.57%	0.97%	-1.83%	-2.07%
Tax Burden Percent	73.15%	391.59%	50.65%	63.87%	73.42%	62.97%	129.32%	30.69%	80.50%	50.07%
Interest Burden Percent	14.83%	-56.97%	24.19%	24.90%	19.66%	-71.14%	-2.30%	13.77%	-12.76%	-26.54%
Effective Tax Rate	26.85%	0.00%	49.35%	36.13%	26.58%	0.00%	0.00%	69.31%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.69%	3.57%	3.70%	4.90%	5.72%	3.46%	4.57%	2.52%	5.09%	3.87%
ROIC Less NNEP Spread (ROIC-NNEP)	4.72%	1.94%	2.95%	4.04%	4.61%	2.16%	3.42%	2.00%	3.69%	2.74%
Return on Net Nonoperating Assets (RNNOA)	-162.68%	-69.78%	-131.84%	-243.37%	-358.85%	-115.10%	-187.15%	-129.39%	-249.26%	-154.42%
Return on Equity (ROE)	-156.99%	-66.21%	-128.14%	-238.47%	-353.13%	-111.64%	-182.58%	-126.86%	-244.17%	-150.55%
Cash Return on Invested Capital (CROIC)	-4.33%	-0.81%	-1.74%	4.96%	4.63%	4.27%	4.58%	4.66%	5.22%	4.21%
Operating Return on Assets (OROA)	11.05%	1.05%	3.24%	6.70%	6.41%	3.11%	5.54%	6.51%	5.03%	4.38%
Return on Assets (ROA)	1.20%	-2.34%	0.40%	1.07%	0.93%	-1.39%	-0.16%	0.28%	-0.52%	-0.58%
Return on Common Equity (ROCE)	-149.34%	-62.37%	-122.33%	-227.10%	-330.78%	-106.77%	-179.95%	-126.82%	-240.32%	-150.58%
Return on Equity Simple (ROE_SIMPLE)	-214.98%	0.00%	-10.59%	-5.94%	-0.14%	0.00%	-8.11%	7.38%	34.14%	0.00%
Net Operating Profit after Tax (NOPAT)	342	211	215	308	362	212	275	154	311	239
NOPAT Margin	14.28%	8.90%	9.39%	13.25%	15.61%	9.19%	12.23%	6.87%	13.97%	10.67%
Net Nonoperating Expense Percent (NNEP)	0.96%	1.63%	0.74%	0.86%	1.11%	1.30%	1.15%	0.52%	1.40%	1.13%
Return On Investment Capital (ROIC_SIMPLE)	-	0.81%	-	-	-	0.86%	-	-	-	0.97%
Cost of Revenue to Revenue	32.68%	32.74%	33.64%	32.80%	32.39%	32.38%	33.05%	32.11%	31.93%	32.30%
SG&A Expenses to Revenue	29.01%	30.63%	28.39%	28.23%	28.80%	29.18%	29.95%	29.92%	30.28%	30.98%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.80%	54.55%	47.83%	46.47%	46.16%	54.68%	49.49%	45.51%	48.11%	52.45%
Earnings before Interest and Taxes (EBIT)	900	86	254	542	523	254	434	514	397	348
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,366	549	681	968	933	669	829	914	788	824
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.27	0.22	0.16	0.15	0.16	0.16	0.13	0.10	0.13	0.12
Price to Earnings (P/E)	4.15	10.75	65.32	0.00	0.00	27.78	193.31	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	24.12%	9.30%	1.53%	0.00%	0.00%	3.60%	0.52%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.09	1.07	1.06	1.06	1.07	1.05	1.04	1.05	1.05
Enterprise Value to Revenue (EV/Rev)	2.93	2.78	2.77	2.80	2.83	2.84	2.82	2.83	2.88	2.90
Enterprise Value to EBITDA (EV/EBITDA)	5.64	6.16	6.86	7.37	8.41	8.07	7.64	7.71	8.11	7.73
Enterprise Value to EBIT (EV/EBIT)	8.83	10.70	13.01	14.74	18.73	16.68	14.81	14.95	16.22	15.31
Enterprise Value to NOPAT (EV/NOPAT)	17.10	34.84	90.18	195.40	9,304.59	23.13	20.92	21.81	22.57	22.04
Enterprise Value to Operating Cash Flow (EV/OCF)	11.12	11.34	12.06	13.50	14.69	14.37	14.35	15.38	15.83	16.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	20.91	22.40	24.99	23.03	22.29	20.07	24.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-77.72	-52.76	-52.01	-65.83	-78.17	-57.72	-57.60	-63.55	-59.29	-54.85
Long-Term Debt to Equity	-71.64	-48.64	-51.23	-62.92	-74.69	-56.89	-56.81	-62.75	-58.64	-54.44
Financial Leverage	-34.45	-35.98	-44.67	-60.23	-77.92	-53.37	-54.70	-64.75	-67.52	-56.39
Leverage Ratio	-45.33	-48.65	-58.82	-76.19	-99.17	-69.90	-69.81	-82.40	-86.09	-71.39
Compound Leverage Factor	-6.72	27.72	-14.23	-18.97	-19.50	49.73	1.60	-11.34	10.99	18.95
Debt to Total Capital	101.30%	101.93%	101.96%	101.54%	101.30%	101.76%	101.77%	101.60%	101.72%	101.86%
Short-Term Debt to Total Capital	7.93%	7.96%	1.52%	4.49%	4.50%	1.46%	1.40%	1.28%	1.11%	0.75%
Long-Term Debt to Total Capital	93.38%	93.98%	100.44%	97.05%	96.79%	100.30%	100.37%	100.32%	100.60%	101.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.10%	-0.11%	-0.04%	-0.01%	-0.07%	-0.05%	-0.02%	0.01%	0.02%	0.05%
Common Equity to Total Capital	-1.21%	-1.82%	-1.92%	-1.53%	-1.23%	-1.71%	-1.75%	-1.61%	-1.73%	-1.91%
Debt to EBITDA	5.18	6.10	6.52	7.05	8.02	7.71	7.37	7.54	7.83	7.47
Net Debt to EBITDA	5.13	5.68	6.46	6.99	7.94	7.62	7.29	7.43	7.75	7.39
Long-Term Debt to EBITDA	4.77	5.62	6.42	6.74	7.67	7.60	7.27	7.44	7.74	7.41
Debt to NOPAT	15.68	34.50	85.63	186.84	8,879.64	22.10	20.19	21.32	21.80	21.31
Net Debt to NOPAT	15.53	32.16	84.87	185.20	8,784.67	21.84	19.96	21.01	21.58	21.09
Long-Term Debt to NOPAT	14.46	31.81	84.35	178.57	8,484.95	21.78	19.91	21.05	21.56	21.15
Altman Z-Score	0.36	0.25	0.27	0.26	0.26	0.26	0.28	0.28	0.27	0.25
Noncontrolling Interest Sharing Ratio	4.87%	5.81%	4.53%	4.77%	6.33%	4.36%	1.44%	0.03%	1.58%	-0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.63	0.64	0.32	0.24	0.26	0.36	0.41	0.46	0.41	0.32
Quick Ratio	0.15	0.54	0.24	0.18	0.19	0.29	0.27	0.31	0.27	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,404	-755	-496	1,430	1,534	127	161	128	454	101
Operating Cash Flow to CapEx	127.47%	84.90%	71.51%	92.69%	134.34%	168.07%	118.91%	88.23%	121.40%	112.79%
Free Cash Flow to Firm to Interest Expense	-7.05	0.00	-1.29	3.52	3.65	0.00	0.36	0.29	1.01	0.00
Operating Cash Flow to Interest Expense	1.85	0.00	1.08	1.08	1.13	0.00	0.90	0.69	0.97	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.40	0.00	-0.43	-0.09	0.29	0.00	0.14	-0.09	0.17	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.29	0.29	0.29	0.28	0.28	0.29	0.28	0.28	0.28
Accounts Receivable Turnover	25.09	24.96	27.10	26.67	27.50	25.53	29.00	27.92	27.79	25.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.49	1.39	1.33	1.27	1.23	1.18	1.15	1.12	1.10	1.08
Accounts Payable Turnover	3.30	2.87	3.03	3.06	2.94	2.82	2.94	3.04	2.90	3.04
Days Sales Outstanding (DSO)	14.55	14.62	13.47	13.69	13.27	14.30	12.59	13.07	13.13	14.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	110.48	127.35	120.65	119.31	124.13	129.55	124.33	120.01	125.83	120.24
Cash Conversion Cycle (CCC)	-95.93	-112.72	-107.18	-105.62	-110.86	-115.25	-111.75	-106.94	-112.70	-106.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	25,987	24,528	24,532	24,793	24,814	24,613	24,646	24,819	24,671	24,750
Invested Capital Turnover	0.40	0.40	0.39	0.37	0.37	0.38	0.37	0.37	0.36	0.36
Increase / (Decrease) in Invested Capital	2,746	965	711	-1,122	-1,172	84	114	26	-143	137
Enterprise Value (EV)	28,727	26,843	26,327	26,266	26,320	26,238	25,960	25,789	25,940	25,926
Market Capitalization	2,651	2,091	1,560	1,373	1,487	1,478	1,187	938	1,133	1,113
Book Value per Share	($0.69)	($1.05)	($1.03)	($0.83)	($0.67)	($0.93)	($0.94)	($0.87)	($0.93)	($1.02)
Tangible Book Value per Share	($51.73)	($51.82)	($51.42)	($51.15)	($50.77)	($50.45)	($50.00)	($49.48)	($49.34)	($49.14)
Total Capital	26,013	26,084	24,517	24,734	24,796	24,641	24,627	24,814	24,630	24,601
Total Debt	26,352	26,588	24,998	25,115	25,118	25,075	25,062	25,211	25,053	25,057
Total Long-Term Debt	24,290	24,513	24,624	24,004	24,001	24,716	24,718	24,894	24,779	24,872
Net Debt	26,101	24,780	24,777	24,896	24,849	24,773	24,777	24,848	24,802	24,801
Capital Expenditures (CapEx)	494	543	583	473	353	295	336	348	359	390
Debt-free, Cash-free Net Working Capital (DFCFNWC)	342	-1,204	-1,375	-1,379	-1,479	-1,416	-1,275	-1,227	-1,236	-1,595
Debt-free Net Working Capital (DFNWC)	593	604	-1,154	-1,160	-1,211	-1,114	-990	-864	-986	-1,338
Net Working Capital (NWC)	-1,469	-1,471	-1,527	-2,271	-2,327	-1,473	-1,334	-1,181	-1,260	-1,524
Net Nonoperating Expense (NNE)	244	403	184	222	286	325	288	132	352	285
Net Nonoperating Obligations (NNO)	26,326	25,032	25,013	25,175	25,136	25,047	25,081	25,216	25,094	25,207
Total Depreciation and Amortization (D&A)	466	462	427	426	410	415	395	400	391	476
Debt-free, Cash-free Net Working Capital to Revenue	3.49%	-12.48%	-14.44%	-14.70%	-15.90%	-15.33%	-13.87%	-13.46%	-13.70%	-17.81%
Debt-free Net Working Capital to Revenue	6.05%	6.26%	-12.12%	-12.36%	-13.01%	-12.06%	-10.77%	-9.49%	-10.93%	-14.95%
Net Working Capital to Revenue	-14.99%	-15.25%	-16.04%	-24.21%	-25.01%	-15.95%	-14.51%	-12.96%	-13.96%	-17.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.19	($0.42)	$0.06	$0.17	$0.15	($0.26)	($0.05)	$0.03	($0.09)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	453.24M	453.24M	454.69M	454.69M	454.73M	454.72M	457.37M	460.00M	460.63M	459.89M
Adjusted Diluted Earnings per Share	$0.19	($0.42)	$0.06	$0.17	$0.15	($0.26)	($0.05)	$0.03	($0.09)	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	453.39M	453.28M	455.59M	454.69M	455.08M	455.03M	457.37M	460.00M	460.63M	459.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	454.67M	456.07M	454.68M	454.73M	454.76M	456.12M	459.96M	460.58M	461.63M	463.23M
Normalized Net Operating Profit after Tax (NOPAT)	345	211	230	311	362	212	311	318	319	239
Normalized NOPAT Margin	14.40%	8.90%	10.04%	13.39%	15.61%	9.19%	13.82%	14.21%	14.31%	10.67%
Pre Tax Income Margin	5.58%	-2.07%	2.68%	5.80%	4.44%	-7.85%	-0.44%	3.16%	-2.28%	-4.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.64	0.00	0.66	1.33	1.24	0.00	0.98	1.16	0.89	0.00
NOPAT to Interest Expense	1.00	0.00	0.56	0.76	0.86	0.00	0.62	0.35	0.69	0.00
EBIT Less CapEx to Interest Expense	1.19	0.00	-0.85	0.17	0.40	0.00	0.22	0.37	0.09	0.00
NOPAT Less CapEx to Interest Expense	-0.45	0.00	-0.96	-0.41	0.02	0.00	-0.14	-0.44	-0.11	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	17.80%	0.00%	0.00%	0.00%	-9.28%

Frequently Asked Questions About Altice USA's Financials

When does Altice USA's fiscal year end?

According to the most recent income statement we have on file, Altice USA's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Altice USA's net income changed over the last 9 years?

Altice USA's net income appears to be on an upward trend, with a most recent value of -$78.28 million in 2024, falling from $175.25 million in 2015. The previous period was $79.04 million in 2023.

What is Altice USA's operating income?

Altice USA's total operating income in 2024 was $1.68 billion, based on the following breakdown:

Total Gross Profit: $6.06 billion
Total Operating Expenses: $4.38 billion

How has Altice USA revenue changed over the last 9 years?

Over the last 9 years, Altice USA's total revenue changed from $6.55 billion in 2015 to $8.95 billion in 2024, a change of 36.8%.

How much debt does Altice USA have?

Altice USA's total liabilities were at $32.16 billion at the end of 2024, a 0.6% decrease from 2023, and a 6.5% decrease since 2016.

How much cash does Altice USA have?

In the past 8 years, Altice USA's cash and equivalents has ranged from $195.71 million in 2021 to $701.90 million in 2019, and is currently $256.53 million as of their latest financial filing in 2024.

How has Altice USA's book value per share changed over the last 9 years?

Over the last 9 years, Altice USA's book value per share changed from 0.00 in 2015 to -1.02 in 2024, a change of -101.7%.

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This page (NYSE:ATUS) was last updated on 4/24/2025 by MarketBeat.com Staff

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Altice USA (ATUS) Financials

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Altice USA (ATUS) Financials

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