CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2019 |
Sep. 30, 2019 |
Jun. 30, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
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Income Statement [Abstract] | |||||||||||
REVENUES | $ 11,761 | $ 11,450 | $ 11,347 | $ 11,206 | $ 11,231 | $ 10,892 | $ 10,854 | $ 10,657 | $ 45,764 | $ 43,634 | $ 41,581 |
COSTS AND EXPENSES: | |||||||||||
Operating costs and expenses (exclusive of items shown separately below) | 29,224 | 27,860 | 26,541 | ||||||||
Depreciation and amortization | 9,926 | 10,318 | 10,588 | ||||||||
Other operating expenses, net | 103 | 235 | 346 | ||||||||
Total costs and expenses | 39,253 | 38,413 | 37,475 | ||||||||
Income from operations | 1,959 | 1,586 | 1,541 | 1,425 | 1,439 | 1,380 | 1,360 | 1,042 | 6,511 | 5,221 | 4,106 |
OTHER INCOME (EXPENSES): | |||||||||||
Interest expense, net | (3,797) | (3,540) | (3,090) | ||||||||
Loss on extinguishment of debt | (25) | 0 | (40) | ||||||||
Gain (loss) on financial instruments, net | (54) | (110) | 69 | ||||||||
Other pension benefits (costs), net | (69) | 192 | 1 | ||||||||
Other expense, net | (135) | (77) | (18) | ||||||||
Total other income (expenses) | (4,080) | (3,535) | (3,078) | ||||||||
Income before income taxes | 2,431 | 1,686 | 1,028 | ||||||||
Income tax benefit (expense) | (439) | (180) | 9,087 | ||||||||
Consolidated net income | 1,992 | 1,506 | 10,115 | ||||||||
Less: Net income attributable to noncontrolling interests | (324) | (276) | (220) | ||||||||
Net income attributable to Charter shareholders | $ 714 | $ 387 | $ 314 | $ 253 | $ 296 | $ 493 | $ 273 | $ 168 | $ 1,668 | $ 1,230 | $ 9,895 |
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CHARTER SHAREHOLDERS: | |||||||||||
Basic (in dollars per share) | $ 3.36 | $ 1.77 | $ 1.41 | $ 1.13 | $ 1.31 | $ 2.14 | $ 1.17 | $ 0.71 | $ 7.60 | $ 5.29 | $ 38.55 |
Diluted (in dollars per share) | $ 3.28 | $ 1.74 | $ 1.39 | $ 1.11 | $ 1.29 | $ 2.11 | $ 1.15 | $ 0.70 | $ 7.45 | $ 5.22 | $ 34.09 |
Weighted average common shares outstanding, basic (in shares) | 212,648,072 | 218,499,213 | 222,392,274 | 224,630,122 | 227,005,966 | 230,554,633 | 234,241,769 | 237,762,295 | 219,506,735 | 232,356,665 | 256,720,715 |
Weighted average common shares outstanding, diluted (in shares) | 217,778,099 | 222,355,867 | 225,942,172 | 227,595,365 | 230,131,933 | 233,607,414 | 237,073,566 | 241,420,722 | 223,786,380 | 235,525,226 | 296,703,956 |
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (reversal of expense) for net periodic benefit cost components, excluding service cost component, of defined benefit plan. Amount includes, but is not limited to, interest cost, expected (return) loss on plan asset, amortization of prior service cost (credit), amortization of (gain) loss, amortization of transition (asset) obligation, settlement (gain) loss, curtailment (gain) loss and certain termination benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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