← Optimum Communications, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.9b | $2.5b | $9.6b | $9.8b | $9.9b | $2.6b | $9.6b | $9.2b | $9.0b | $8.6b | |
| Revenue (including revenue from affiliates of $214, $459 and $1,471, respectively) (See Note 16) | $6.0b | $9.3b | $9.6b | $9.8b | $9.9b | $10.1b | $9.6b | $9.2b | $9.0b | $8.6b | |
| Sales Revenue, Services, Net (Deprecated 2018-01-31) | $6.0b | $9.3b | — | — | — | — | — | — | — | — | |
| Cost of Revenue | $1.5b | $1.6b | $7.9b | $3.3b | $3.3b | $50.3m | $3.2b | $3.0b | $2.9b | $2.6b | |
| Operating expenses: | |||||||||||
| Total operating expenses | $5.6b | $8.5b | $7.9b | $7.9b | $7.8b | $7.6b | $7.8b | $7.5b | $7.3b | $8.7b | |
| Operating Income (Loss) | $459.7m | $865.4m | $1.7b | $1.8b | $2.1b | $2.5b | $1.8b | $1.7b | $1.7b | ($112.6m) | |
| Additional Financial Items | |||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $163.1m | $0 | $0 | |
| Amortization of Intangible Assets | $653.4m | $1.3b | $874.2m | $787.9m | $738.6m | — | $555.3m | $391.4m | $315.8m | $270.8m | |
| Gain (Loss) on Investments | $141.9m | $237.4m | ($261.8m) | $469.1m | $320.1m | — | ($659.8m) | $180.2m | $670k | $5k | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | ($59.8m) | — | |
| Restructuring, impairments and other operating items | — | — | — | — | — | $17.2m | $130.3m | $214.7m | $23.7m | $1.7b | |
| Depreciation and amortization | $1.7b | $2.9b | $2.4b | $2.3b | $2.1b | $1.8b | $1.8b | $1.6b | $1.6b | $1.7b | |
| Gain on investments and sale of affiliate interests, net | $141.9m | $237.4m | ($250.9m) | $473.4m | $320.1m | ($88.9m) | ($659.8m) | $180.2m | $670k | $5k | |
| Loss on derivative contracts, net | ($53.7m) | ($236.3m) | $218.8m | ($282.7m) | ($178.3m) | $85.9m | $425.8m | ($166.5m) | $0 | $0 | |
| Gain on interest rate swap contracts, net | ($73.0m) | $5.5m | ($61.7m) | ($53.9m) | ($78.6m) | $92.7m | $271.8m | $32.7m | $18.6m | $613k | |
| Income (loss) before income taxes | ($1.1b) | ($1.3b) | ($18.1m) | $187.1m | $583.2m | $1.3b | $516.7m | $118.6m | ($82.3m) | ($1.9b) | |
| Cash dividends declared per common share | $1 | $1 | $2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($1.1b) | ($1.3b) | ($18.1m) | $187.1m | $583.2m | $1.3b | $516.7m | $118.6m | ($82.3m) | ($1.9b) | |
| Net Income (Loss) Attributable to Parent | ($832.0m) | $1.5b | $18.8m | $138.9m | $436.2m | $990.3m | $194.6m | $53.2m | ($102.9m) | ($1.9b) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $551k | $1.6m | $1.8m | $1.0m | $7.3m | — | $26.3m | $25.8m | $24.6m | $36.0m | |
| Net income attributable to noncontrolling interests | ($551k) | ($1.6m) | ($1.8m) | ($1.0m) | ($7.3m) | ($20.6m) | ($26.3m) | ($25.8m) | ($24.6m) | ($36.0m) | |
| Earnings Per Share, Basic | ($1.28) | $2.18 | $0.03 | $0.21 | $0.75 | $2.16 | $0.43 | $0.12 | ($0.22) | ($4.00) | |
| Earnings Per Share, Diluted | ($1.28) | $2.18 | $0.03 | $0.21 | $0.75 | $2.14 | $0.43 | $0.12 | ($0.22) | ($4.00) | |
| Common Stock, Dividends, Per Share, Declared | $0.69 | $1.29 | $2.04 | $0.00 | $0.00 | $2.16 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 649.5m | 696.1m | $730.1m | 660.4m | 581.1m | $458.3m | 453.2m | 454.7m | 459.9m | 467.8m | |
| Basic weighted average common shares (in thousands) | $649.5m | $696.1m | $730.1m | $660.4m | $581.1m | $458.3m | $453.2m | $454.7m | $459.9m | $467.8m | |
| Diluted weighted average common shares (in thousands) | $649.5m | $696.1m | $730.1m | $662.5m | $583.7m | $462.3m | $453.3m | $455.0m | $459.9m | $467.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 649.5m | 696.1m | $730.1m | 662.5m | 583.7m | $462.3m | 453.3m | 455.0m | 459.9m | 467.8m | |
| Research and Development Expense | — | — | — | — | — | — | $22.3m | $33.4m | — | — | |
| Other Nonoperating Income (Expense) | $4.3m | ($1.8m) | ($12.5m) | $1.2m | $5.6m | $9.8m | $8.5m | $4.9m | ($5.7m) | ($3.1m) | |
| Business Combination, Acquisition Related Costs | $13.8m | $2.5m | $7.5m | $5.2m | $2.3m | — | $4.3m | $5.2m | — | — | |
| Other Cost and Expense, Operating | $1.7b | $2.3b | $2.3b | $2.3b | $2.3b | $2.4b | $2.7b | $2.6b | $2.7b | $2.7b | |
| Programming and other direct costs (including charges from affiliates of $6,491, $11,645 and $13,794, respectively) (See Note 16) | $1.9b | $3.0b | $3.2b | $3.3b | $3.3b | $3.4b | $3.2b | $3.0b | $2.9b | $2.6b | |
| Gain (loss) on extinguishment of debt and write-off of deferred financing costs | ($127.6m) | ($600.2m) | ($48.8m) | ($243.8m) | ($250.5m) | ($51.7m) | ($575k) | $4.4m | ($12.9m) | ($23.5m) | |
| Other income (expense), net | $4.3m | ($1.8m) | ($12.5m) | $1.2m | $5.6m | $9.8m | $8.5m | $4.9m | ($5.7m) | ($3.1m) | |
| Interest Expense | $1.5b | $1.6b | $1.6b | $1.5b | $1.4b | — | — | — | — | — | |
| Interest expense, net | — | — | — | — | ($1.4b) | ($1.3b) | ($1.3b) | ($1.6b) | ($1.8b) | ($1.8b) | |
| Current Income Tax Expense (Benefit) | $4.3m | $18.2m | $30.5m | $33.1m | $65.8m | — | $214.5m | $281.4m | $319.0m | $126.0m | |
| Income tax benefit (expense) | $259.7m | $2.9b | $38.7m | ($47.2m) | ($139.7m) | ($295.0m) | ($295.8m) | ($39.5m) | $4.1m | $96.9m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | ($1.8m) | ($1.3m) | ($1.6m) | ($623k) | — | — | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | ($1.4b) | ($1.3b) | ($1.3b) | ($1.6b) | ($1.8b) | ($1.8b) | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | $9.5m | $8.3m | $1.0m | — | — | — | — | — | |
| Total other income (expense) | ($1.6b) | ($2.2b) | ($1.7b) | ($1.6b) | ($1.5b) | ($1.2b) | ($1.3b) | ($1.6b) | ($1.8b) | ($1.8b) | |
| Income Tax Expense (Benefit) | ($259.7m) | ($2.9b) | ($38.7m) | $47.2m | $139.7m | — | $295.8m | $39.5m | ($4.1m) | ($96.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.