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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue (including revenue from affiliates of $3,277, $4,188, $9,718 and $11,055 respectively) (See Note 15) $ 2,574,882 $ 2,433,986 $ 7,569,711 $ 7,359,221
Operating expenses:        
Programming and other direct costs (including charges from affiliates of $5,294, $3,621, $12,026 and $7,548, respectively) (See Note 15) 843,909 783,934 2,545,645 2,509,323
Other operating expenses (including charges from affiliates of $3,274, $2,413, $9,149 and $8,515, respectively) (See Note 15) 590,519 558,092 1,760,132 1,683,038
Restructuring and other expense 1,885 40,419 10,958 88,679
Depreciation and amortization (including impairments) 447,958 502,248 1,327,142 1,571,611
Total operating expenses 1,884,271 1,884,693 5,643,877 5,852,651
Operating income 690,611 549,293 1,925,834 1,506,570
Other income (expense):        
Interest expense (319,033) (322,618) (954,807) (1,038,854)
Interest income 32 164 123 1,974
Gain (loss) on investments and sale of affiliate interests, net (46,821) 314,177 151,651 56,301
Gain (loss) on derivative contracts related to change in the value of equity derivative contracts related to Comcast common stock 43,385 (261,597) (109,020) 26,203
Gain (loss) on interest rate swap contracts, net of a gain of $74,835 recorded in the nine months 2020 period in connection with the early termination of the swap agreements discussed below 5,521 (158) 59,600 (88,725)
Loss on extinguishment of debt and write-off of deferred financing costs 0 (250,489) (51,712) (250,489)
Other income, net 2,280 1,685 7,606 3,277
Total other income (expense) (314,636) (518,836) (896,559) (1,290,313)
Income before income taxes 375,975 30,457 1,029,275 216,257
Income tax expense (105,226) (33,186) (279,053) (109,047)
Net income (loss) 270,749 (2,729) 750,222 107,210
Net income attributable to noncontrolling interests (3,896) (1,966) (11,573) (1,499)
Net income (loss) attributable to Altice USA, Inc. stockholders $ 266,853 $ (4,695) $ 738,649 $ 105,711
Income (loss) per share:        
Basic income (loss) per share $ 0.59 $ (0.01) $ 1.61 $ 0.18
Basic weighted average common shares (in thousands) 454,049 571,031 460,023 593,262
Diluted income (loss) per share $ 0.58 $ (0.01) $ 1.59 $ 0.18
Diluted weighted average common shares (in thousands) 457,163 571,031 465,349 595,479
Cash dividends declared per common share   $ 0 $ 0 $ 0