Common Stock (Notes)

6 Months Ended

Jun. 30, 2022

Common Stock [Abstract]

Common Stock

Common Stock

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, 2022 and 2021.

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	Shares	$		Shares	$		Shares	$		Shares	$
Share buybacks	7,264,833	$	3,675	5,147,257	$	3,392	12,590,427	$	6,847	10,703,575	$	6,866
Income tax withholding	24,630	12		183,357	124		289,475	173		467,920	302
Exercise cost	80,826			185,698			229,483			495,513
	7,370,289	$	3,687	5,516,312	$	3,516	13,109,385	$	7,020	11,667,008	$	7,168

Share buybacks above include shares of Charter Class A common stock purchased from Liberty Broadband Corporation (“Liberty Broadband”) as follows.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Number of shares purchased	2,257,443		1,927,032		3,227,684		2,761,608
Amount of shares purchased	$	1,204	$	1,244	$	1,806	$	1,762

In July 2022, the Company purchased from Liberty Broadband an additional 0.8 million shares of Charter Class A common stock for approximately $363 million.

As of June 30, 2022, Charter had remaining board authority to purchase an additional $673 million 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 2021, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2021. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.