Common Stock (Notes)

6 Months Ended

Jun. 30, 2021

The following represents the Company's purchase of Charter Class A common stock and the effect on the consolidated statements of cash flows during the three and six months ended June 30, 2021 and 2020.


	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	Shares	$		Shares	$		Shares	$		Shares	$
Share buybacks	5,147,257	$	3,392	2,028,234	$	1,026	10,703,575	$	6,866	6,480,783	$	3,202
Income tax withholding	183,357	124		247,651	129		467,920	302		583,305	305
Exercise cost	185,698			188,923			495,513			430,675
	5,516,312	$	3,516	2,464,808	$	1,155	11,667,008	$	7,168	7,494,763	$	3,507

Share buybacks above include shares of Charter Class A common stock purchased from Liberty Broadband Corporation (“Liberty Broadband”) pursuant to the LBB Letter Agreement as follows (see Note 19).


	Three Months Ended June 30, 2021		Six Months Ended June 30, 2021
Number of shares purchased	1,927,032		2,761,608
Amount of shares purchased	$	1,244	$	1,762

In July 2021, the Company purchased from Liberty Broadband an additional 0.4 million shares of Charter Class A common stock for approximately $279 million.

As of June 30, 2021, Charter had remaining board authority to purchase an additional $1.7 billion of Charter’s Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband. The Company also withholds shares of its Class A common stock in payment of income tax withholding owed by employees upon vesting of equity awards as well as exercise costs owed by employees upon exercise of stock options.

In 2020, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2020. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.

In March 2020, pursuant to the terms of the Amended and Restated Stockholders Agreement with Liberty Broadband, Advance/Newhouse Partnership (“A/N”) and Charter, dated May 23, 2015 (the "Stockholders Agreement"), Charter, Liberty and A/N

closed on transactions in which Liberty Broadband and A/N exercised their preemptive right to purchase 35,112 and 20,182 shares, respectively, of Charter Class A common stock for a total purchase price of approximately $23 million.