Preferred stock, shares authorized (shares)

  
PART I. FINANCIAL INFORMATION  
 Item 1. Financial Statements.  
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (dollars in millions, except share data)  


|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31,2022 |  | December 31,2021 |
|  | (unaudited) |  |  |
| ASSETS |  |  |  |
| CURRENT ASSETS: |  |  |  |
| Cash and cash equivalents | $ | 2,431  |  |  | $ | 601  |  |
| Accounts receivable, less allowance for doubtful accounts of $161 and $157, respectively | 2,530  |  |  | 2,579  |  |
| Prepaid expenses and other current assets | 555  |  |  | 386  |  |
| Total current assets | 5,516  |  |  | 3,566  |  |
|  |  |  |  |
| INVESTMENT IN CABLE PROPERTIES: |  |  |  |
| Property, plant and equipment, net of accumulated depreciation of $34,897 and $34,253, respectively | 34,173  |  |  | 34,310  |  |
| Customer relationships, net of accumulated amortization of $14,542 and $14,180, respectively | 3,699  |  |  | 4,060  |  |
| Franchises | 67,347  |  |  | 67,346  |  |
| Goodwill | 29,563  |  |  | 29,562  |  |
| Total investment in cable properties, net | 134,782  |  |  | 135,278  |  |
|  |  |  |  |
| OTHER NONCURRENT ASSETS | 3,650  |  |  | 3,647  |  |
|  |  |  |  |
| Total assets | $ | 143,948  |  |  | $ | 142,491  |  |
| LIABILITIES AND SHAREHOLDERS’ EQUITY  |  |  |  |
| CURRENT LIABILITIES: |  |  |  |
| Accounts payable and accrued liabilities | $ | 9,386  |  |  | $ | 9,461  |  |
| Current portion of long-term debt | 4,543  |  |  | 2,997  |  |
| Total current liabilities | 13,929  |  |  | 12,458  |  |
|  |  |  |  |
| LONG-TERM DEBT | 90,679  |  |  | 88,564  |  |
| DEFERRED INCOME TAXES | 19,070  |  |  | 19,096  |  |
| OTHER LONG-TERM LIABILITIES | 4,326  |  |  | 4,217  |  |
|  |  |  |  |
| SHAREHOLDERS’ EQUITY: |  |  |  |
| Class A common stock; $0.001 par value; 900 million shares authorized; |  |  |  |
| 173,597,377 and 172,741,236 shares issued, respectively | —  |  |  | —  |  |
| Class B common stock; $0.001 par value; 1,000 shares authorized; |  |  |  |
| 1 share issued and outstanding | —  |  |  | —  |  |
| Preferred stock; $0.001 par value; 250 million shares authorized;no shares issued and outstanding | —  |  |  | —  |  |
| Additional paid-in capital | 26,865  |  |  | 26,725  |  |
| Accumulated deficit | (11,472) |  |  | (12,675) |  |
| Treasury stock at cost; 5,739,096 and no shares, respectively | (3,333) |  |  | —  |  |
| Total Charter shareholders’ equity  | 12,060  |  |  | 14,050  |  |
| Noncontrolling interests | 3,884  |  |  | 4,106  |  |
| Total shareholders’ equity | 15,944  |  |  | 18,156  |  |
|  |  |  |  |
| Total liabilities and shareholders’ equity | $ | 143,948  |  |  | $ | 142,491  |  |

  
The accompanying notes are an integral part of these consolidated financial statements.1
