PR Newswire
STAMFORD, Conn., Jan. 31, 2019
STAMFORD, Conn., Jan. 31, 2019 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three and twelve months ended December 31, 2018.
Key highlights:
"We performed well in 2018, growing our Internet customer base by 1.3 million, cable revenue by 4.7%, and cable Adjusted EBITDA by 6.5% -- very strong operating and financial performance, particularly in the midst of what we believe is the largest cable integration ever," said Tom Rutledge, Chairman and CEO of Charter Communications. "In 2019, we expect the operating and cash flow performance of our cable business will further demonstrate the superiority of our network, the returns of our recent investments, and the long-term value creation driven by our consumer-focused operating strategy."
1. | Adjusted EBITDA, Adjusted EBITDA - Cable, free cash flow and free cash flow - Cable are non-GAAP measures defined in the "Use of Adjusted EBITDA and Free Cash Flow Information" section and are reconciled to consolidated net income and net cash flows from operating activities, respectively, in the addendum of this news release. |
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Key Operating Results | ||||||||
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| Approximate as of | | | |||||
| December 31, | | December 31, | | Y/Y Change | |||
Footprint (b) | | | | | | |||
Estimated Video Passings | 50,824 | | | 49,973 | | | 1.7 | % |
Estimated Internet Passings | 50,652 | | | 49,727 | | | 1.9 | % |
Estimated Voice Passings | 50,086 | | | 48,995 | | | 2.2 | % |
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Penetration Statistics (c) | | | | | | |||
Video Penetration of Estimated Video Passings | 32.7 | % | | 33.7 | % | | (1.0) | ppts |
Internet Penetration of Estimated Internet Passings | 49.9 | % | | 48.2 | % | | 1.7 | ppts |
Voice Penetration of Estimated Voice Passings | 22.3 | % | | 23.2 | % | | (0.9) | ppts |
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Customer Relationships (d) | | | | | | |||
Residential | 26,270 | | | 25,499 | | | 3.0 | % |
Small and Medium Business | 1,833 | | | 1,662 | | | 10.2 | % |
Total Customer Relationships | 28,103 | | | 27,161 | | | 3.5 | % |
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Residential | | | | | | |||
Primary Service Units ("PSUs") | | | | | | |||
Video | 16,104 | | | 16,400 | | | (1.8) | % |
Internet | 23,625 | | | 22,518 | | | 4.9 | % |
Voice | 10,135 | | | 10,424 | | | (2.8) | % |
| 49,864 | | | 49,342 | | | 1.1 | % |
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Quarterly Net Additions/(Losses) | | | | | | |||
Video | (36) | | | 2 | | | NM | |
Internet | 289 | | | 263 | | | 10.1 | % |
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