XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 232,452 $ 278,422
Restricted cash 264 264
Accounts receivable, trade (less allowance for doubtful accounts of $24,369 and $25,198) 434,011 442,581
Prepaid expenses and other current assets 170,555 200,252
Amounts due from affiliates 3,892 4,262
Derivative contracts 3,555 50,785
Total current assets 844,729 976,566
Property, plant and equipment, net of accumulated depreciation of $7,002,823 and $6,431,843 6,092,271 5,805,996
Right-of-use operating lease assets 227,059 241,342
Investment securities pledged as collateral 2,402,486 2,250,854
Derivative contracts 0 4,774
Other assets 81,928 87,429
Amortizable intangibles, net of accumulated amortization of $4,891,643 and $4,409,312 2,361,507 2,781,116
Indefinite-lived cable television franchises 13,216,355 13,068,017
Goodwill 8,206,365 8,160,566
Total assets 33,432,700 33,376,660
Current Liabilities:    
Accounts payable 892,694 795,576
Interest payable 237,068 252,060
Accrued employee related costs 125,492 142,116
Amounts due to affiliates 20,972 8,538
Deferred revenue 109,522 109,798
Debt 1,889,730 1,245,713
Other current liabilities 393,417 544,302
Total current liabilities 3,668,895 3,098,103
Other liabilities 146,743 192,563
Deferred tax liability 5,105,353 5,006,167
Liabilities under derivative contracts 518,246 523,150
Right-of-use operating lease liability 244,317 257,424
Long-term debt, net of current maturities 24,881,833 25,476,629
Total liabilities 34,565,387 34,554,036
Commitments and contingencies (Note 16)
Redeemable equity 0 25,763
Stockholders' Deficiency:    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Paid-in capital 0 0
Accumulated deficit (1,100,497) (985,641)
Total stockholders' equity before accumulated other comprehensive Income and non-controlling interest (1,095,950) (980,810)
Treasury stock, at cost (21,748 and 6,629,415 Class A common shares at September 30, 2021 and December 31, 2020, respectively) 0 163,866
Accumulated other comprehensive income 9,421 3,646
Total Altice USA stockholders' deficiency (1,086,529) (1,141,030)
Noncontrolling interests (46,158) (62,109)
Total stockholders' deficiency (1,132,687) (1,203,139)
Total liabilities and stockholders' deficiency 33,432,700 33,376,660
Common Class A    
Stockholders' Deficiency:    
Common stock 2,689 2,972
Common Class B    
Stockholders' Deficiency:    
Common stock 1,858 1,859
Common Class C    
Stockholders' Deficiency:    
Common stock $ 0 $ 0