Financials Charter Communications, Inc.

Equities

CHTR

US16119P1084

Integrated Telecommunications Services

Market Closed - Nasdaq Other stock markets 05:00:00 24/01/2026 HKT			5-day change	1st Jan Change
191.69 ^USD	-0.51%		+1.02%	-8.17%

01-21	Spectrum Launches Wifi 7 Extenders for Multiple-Home Connectivity	CI
01-16	RBC Capital Adjusts Price Target on Charter Communications to $240 From $265, Maintains Sector Perform Rating	MT

Projected Income Statement: Charter Communications, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	48,097	51,682	54,022	54,607	55,085	54,910	55,182	55,298
Change	-	7.45%	4.53%	1.08%	0.88%	-0.32%	0.49%	0.21%
EBITDA ¹	18,518	20,630	21,616	21,894	22,569	22,522	22,702	22,648
Change	-	11.41%	4.78%	1.29%	3.08%	-0.21%	0.8%	-0.24%
EBIT ¹	8,405	10,526	11,962	12,559	13,118	13,111	13,440	13,332
Change	-	25.23%	13.64%	4.99%	4.45%	-0.05%	2.51%	-0.81%
Interest Paid ¹	-3,848	-4,037	-4,556	-5,188	-5,229	-5,088	-5,205	-5,277
Earnings before Tax (EBT) ¹	4,302	6,388	7,462	6,854	7,502	7,377	7,983	7,798
Change	-	48.49%	16.81%	-8.15%	9.45%	-1.67%	8.22%	-2.32%
Net income ¹	3,222	4,654	5,055	4,557	5,083	5,148	5,544	5,400
Change	-	44.44%	8.62%	-9.85%	11.54%	1.27%	7.69%	-2.6%
Announcement Date	29/1/21	28/1/22	27/1/23	2/2/24	31/1/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	12,624	12,522	12,802	13,146	13,212	13,200	13,598	13,550	13,674	13,653	13,659	13,584	13,711	13,679	13,685	13,795	13,926	13,735	13,766	13,672	13,734	13,711	13,788	13,790	13,912
Change	-	-0.81%	2.24%	2.69%	0.5%	-0.09%	3.02%	-0.35%	0.92%	-0.15%	0.04%	-0.55%	0.93%	-0.23%	0.04%	0.8%	0.95%	-1.37%	0.23%	-0.68%	0.45%	-0.17%	0.57%	0.01%	0.89%
EBITDA ¹	4,994	4,945	5,020	5,286	5,379	5,213	5,509	5,412	5,482	5,350	5,522	5,449	5,573	5,497	5,665	5,647	5,760	5,763	5,693	5,561	5,602	5,676	5,692	5,610	5,715
Change	-	-0.98%	1.52%	5.3%	1.76%	-3.09%	5.68%	-1.76%	1.29%	-2.41%	3.21%	-1.32%	2.28%	-1.36%	3.06%	-0.32%	2%	0.05%	-1.21%	-2.32%	0.75%	1.31%	0.28%	-1.43%	1.86%
EBIT ¹	2,462	2,068	2,575	2,927	2,956	2,771	3,227	2,924	3,040	2,926	3,240	3,126	3,267	3,131	3,263	3,335	3,389	3,237	3,279	3,131	3,286	3,252	3,296	3,230	3,396
Change	-	-16%	24.52%	13.67%	0.99%	-6.26%	16.46%	-9.39%	3.97%	-3.75%	10.73%	-3.52%	4.51%	-4.16%	4.22%	2.21%	1.62%	-4.49%	1.3%	-4.51%	4.96%	-1.04%	1.33%	-1.99%	5.14%
Charge d'intérêts ¹	-965	-983	-1,004	-1,016	-1,034	-1,060	-1,109	-1,160	-1,227	-1,265	-1,298	-1,306	-1,319	-1,316	-1,328	-1,311	-1,274	-1,241	-1,263	-1,268	-1,308	-1,297	-1,306	-1,285	-1,281
Earnings before Tax (EBT) ¹	1,655	1,137	1,439	1,754	2,058	1,734	2,197	1,727	1,804	1,557	1,857	1,805	1,635	1,726	1,850	1,880	2,046	1,854	1,909	1,734	1,958	2,016	2,047	2,040	2,162
Change	-	-31.3%	26.56%	21.89%	17.33%	-15.74%	26.7%	-21.39%	4.46%	-13.69%	19.27%	-2.8%	-9.42%	5.57%	7.18%	1.62%	8.83%	-9.38%	2.97%	-9.17%	12.92%	2.98%	1.5%	-0.3%	5.98%
Net income ¹	1,246	807	1,020	1,217	1,610	1,203	1,471	1,185	1,196	1,021	1,223	1,255	1,058	1,106	1,231	1,280	1,466	1,217	1,301	1,137	1,374	1,352	1,385	1,400	1,596
Change	-	-35.23%	26.39%	19.31%	32.29%	-25.28%	22.28%	-19.44%	0.93%	-14.63%	19.78%	2.62%	-15.7%	4.54%	11.3%	3.98%	14.53%	-16.98%	6.9%	-12.61%	20.84%	-1.6%	2.47%	1.06%	13.96%
Announcement Date	29/1/21	30/4/21	30/7/21	29/10/21	28/1/22	29/4/22	29/7/22	28/10/22	27/1/23	28/4/23	28/7/23	27/10/23	2/2/24	26/4/24	26/7/24	1/11/24	31/1/25	25/4/25	25/7/25	31/10/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Charter Communications, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	81,754	90,960	96,958	97,068	93,474	95,148	94,375	93,412
Change	-	11.26%	6.59%	0.11%	-3.7%	1.79%	-0.81%	-1.02%
Announcement Date	29/1/21	28/1/22	27/1/23	2/2/24	31/1/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Charter Communications, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	7,415	7,635	9,376	11,115	11,269	11,525	11,241	9,458
Change	-	2.97%	22.8%	18.55%	1.39%	2.27%	-2.46%	-15.86%
Free Cash Flow (FCF) ¹	7,070	8,684	6,102	3,490	4,257	5,042	5,169	6,639
Change	-	22.83%	-29.73%	-42.81%	21.98%	18.44%	2.52%	28.44%
Announcement Date	29/1/21	28/1/22	27/1/23	2/2/24	31/1/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Charter Communications, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	38.5%	39.92%	40.01%	40.09%	40.97%	41.02%	41.14%	40.96%
EBIT Margin (%)	17.48%	20.37%	22.14%	23%	23.81%	23.88%	24.36%	24.11%
EBT Margin (%)	8.94%	12.36%	13.81%	12.55%	13.62%	13.43%	14.47%	14.1%
Net margin (%)	6.7%	9.01%	9.36%	8.35%	9.23%	9.37%	10.05%	9.76%
FCF margin (%)	14.7%	16.8%	11.3%	6.39%	7.73%	9.18%	9.37%	12.01%
FCF / Net Income (%)	219.43%	186.59%	120.71%	76.59%	83.75%	97.95%	93.25%	122.96%
Profitability
ROA	2.2%	3.25%	3.52%	3.12%	3.42%	3.64%	3.78%	3.64%
ROE	11.66%	24.59%	43.64%	45.1%	38.11%	29.2%	28.81%	25.57%
Financial Health
Leverage (Debt/EBITDA)	4.41x	4.41x	4.49x	4.43x	4.14x	4.22x	4.16x	4.12x
Debt / Free cash flow	11.56x	10.47x	15.89x	27.81x	21.96x	18.87x	18.26x	14.07x
Capital Intensity
CAPEX / Current Assets (%)	15.42%	14.77%	17.36%	20.35%	20.46%	20.99%	20.37%	17.1%
CAPEX / EBITDA (%)	40.04%	37.01%	43.38%	50.77%	49.93%	51.17%	49.52%	41.76%
CAPEX / FCF (%)	104.88%	87.92%	153.65%	318.48%	264.72%	228.57%	217.46%	142.46%
Items per share
Cash flow per share ¹	69.58	84.12	90.77	94.98	99.27	111	114.8	99.41
Change	-	20.89%	7.9%	4.64%	4.52%	11.84%	3.38%	-13.38%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	122.9	81.34	59.74	73	109.8	130.1	158.9	194.4
Change	-	-33.81%	-26.55%	22.2%	50.42%	18.45%	22.21%	22.3%
EPS ¹	15.4	24.47	30.74	29.99	34.97	36.11	42.64	50.95
Change	-	58.9%	25.62%	-2.44%	16.61%	3.25%	18.09%	19.5%
Nbr of stocks (in thousands)	199,875	179,291	155,172	147,920	142,197	129,409	129,409	129,409
Announcement Date	29/1/21	28/1/22	27/1/23	2/2/24	31/1/25	-	-	-