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Altice USA, Inc. (ATUS)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-14
   10-K10-K10-K10-K10-K10-KS-1/A
Total revenues   [+]10,090.89,894.69,760.99,566.69,307.06,017.22,330.7
            Revenue growth  2.0%1.4%2.0%2.8%54.7%  
Cost of goods sold   [+]5,761.95,604.95,600.95,463.35,383.03,613.7930.1
Gross profit  4,329.04,289.74,159.94,103.33,924.02,403.51,400.6
            Gross margin  42.9%43.4%42.6%42.9%42.2%39.9%60.1%
Selling, general and administrative  1,804.32,174.42,336.12,420.93,083.01,940.7546.4
Other operating expenses  -1,804.3-2,174.4-2,336.1-2,420.9-3,083.0-1,940.74.3
Adjusted EBITDA  4,427.34,414.84,265.54,163.13,981.42,417.9 
            Adjusted EBITDA margin  43.9%44.6%43.7%43.5%42.8%40.2% 
Stock-based compensation  98.3125.1105.559.857.414.4 
EBITDA   [+]4,329.04,289.74,159.94,103.33,924.02,403.5849.9
            EBITDA margin  42.9%43.4%42.6%42.9%42.2%39.9%36.5%
Depreciation  1,145.31,344.71,475.31,508.11,588.81,046.9594.5
EBITA  3,183.62,945.02,684.72,595.12,335.21,356.6255.5
            EBITA margin  31.5%29.8%27.5%27.1%25.1%22.5%11.0%
Amortization of intangibles  641.8738.6787.9874.21,341.8653.4 
EBIT   [+]2,541.82,206.41,896.81,720.9993.4703.2255.5
            EBIT margin  25.2%22.3%19.4%18.0%10.7%11.7%11.0%
Non-recurring items  17.291.173.038.5152.4240.4 
Interest expense, net   [+]1,266.61,350.31,530.91,545.41,601.21,442.7230.1
Other income (expense), net   [+]47.9-181.7-105.8-155.0-607.4-111.2 
Pre-tax income  1,305.9583.2187.1-18.1-1,367.6-1,091.125.3
Income taxes  295.0139.747.2-38.7-2,862.4-259.78.1
            Tax rate  22.6%24.0%25.2%214.0%209.3%23.8%31.9%
Minority interest  20.67.31.01.81.60.6 
Net income  990.3436.2138.918.81,493.2-832.017.2
            Net margin  9.8%4.4%1.4%0.2%16.0%-13.8%0.7%
   
Basic EPS   [+]$2.16$0.75$0.21$0.03$2.15($1.28) 
Diluted EPS   [+]$2.14$0.75$0.21$0.03$2.15($1.28) 
   
Dividends per share   [+]   $2.04$1.29$0.69 
   
Shares outstanding (basic)   [+]458.3581.1660.4730.1696.1649.5 
Shares outstanding (diluted)   [+]462.3583.7662.5730.1696.1649.5 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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