XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Revenue (including revenue from affiliates of $125 and $141, respectively) (See Note 14) $ 2,329,714 $ 2,302,259
Operating expenses:    
Programming and other direct costs (including charges from affiliates of $1,154 and $735, respectively) (See Note 14) 787,361 758,352
Other operating expenses (including charges from affiliates of $7,994 and $7,298, respectively) (See Note 14) 583,023 608,144
Restructuring and other expense 3,587 76,929
Depreciation and amortization (including impairments) 642,705 608,724
Total operating expenses 2,016,676 2,052,149
Operating income 313,038 250,110
Other income (expense):    
Interest expense (including interest expense to affiliates and related parties of$47,588 in 2017) (See Note 14) (377,258) (433,294)
Interest income 3,103 232
Gain (loss) on investments and sale of affiliate interests, net (248,602) 131,658
Gain (loss) on derivative contracts, net 168,352 (71,044)
Gain (loss) on interest rate swap contracts (31,922) 2,342
Loss on extinguishment of debt and write-off of deferred financing costs (4,705) 0
Other expense, net (11,658) (2,100)
Total other income (expense) (502,690) (372,206)
Loss before income taxes (189,652) (122,096)
Income tax benefit 60,703 45,908
Net loss (128,949) (76,188)
Net income attributable to noncontrolling interests (2) (237)
Net loss attributable to Altice USA, Inc. stockholders $ (128,951) $ (76,425)
Basic and diluted net loss per share (in dollars per share) $ (0.17) $ (0.12)
Basic and diluted weighted average common shares (in shares) 737,069 649,525