PR Newswire
STAMFORD, Conn., July 31, 2020
STAMFORD, Conn., July 31, 2020 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter") today reported financial and operating results for the three and six months ended June 30, 2020.
"Our ability to grow our services this year for new and existing customers, is a testament to our operating strategy, the quality of our products and our significant investment in systems and people over the last several years," said Tom Rutledge, CEO and Chairman of Charter Communications, Inc. "We continue to perform in a difficult and disruptive environment, and all of us at Charter are proud of our work in serving the communities in which we operate."
1. | Results include the impact of COVID-19 related offers and programs launched by Charter in the first quarter of 2020. See page 3 for additional information. |
2. | Adjusted EBITDA, cable Adjusted EBITDA, free cash flow and cable free cash flow are non-GAAP measures defined in the "Use of Adjusted EBITDA and Free Cash Flow Information" section and are reconciled to net income attributable to Charter shareholders and net cash flows from operating activities, respectively, in the addendum of this news release. |
Key Operating Results | ||||||||
| Approximate as of | | | |||||
| June 30, 2020 (a) | | June 30, 2019 (a) | | Y/Y Change | |||
Footprint (b) | | | | | | |||
Estimated Passings | 52,714 | | | 51,619 | | | 2.1 | % |
| | | | | | |||
Penetration Statistics (c) | | | | | | |||
Total Customer Relationship Penetration of Estimated Passings | 57.8 | % | | 55.5 | % | | 2.3 ppts | |
| | | | | | |||
Customer Relationships (d) | | | | | | |||
Residential | 28,496 | | | 26,755 | | | 6.5 | % |
Small and Medium Business | 1,980 | | | 1,902 | | | 4.1 | % |
Total Customer Relationships | 30,476 | | | 28,657 | | | 6.3 | % |
| | | | | | |||
Quarterly Net Additions (Losses) | | | | | | |||
Residential | 751 | | | 164 | | | 357.5 | % |
Small and Medium Business | 4 | | | 39 | | | (90.5) | % |
Total Customer Relationships | 755 | | | 203 | | | 271.5 | % |
| | | | | | |||
Residential | | | | | | |||
Primary Service Units ("PSUs") | | | | | | |||
Internet | 26,313 | | | 24,244 | | | 8.5 | % |
Video | 15,652 | | | 15,802 | | | (0.9) | % |
Voice | 9,398 | | | 9,808 | | | (4.2) | % |
| | | | | | |||
Quarterly Net Additions (Losses) | | | | | | |||
Internet | 842 | | | 221 | | | 280.8 | % |
Video | 102 | | | (150) | | | 167.7 | % |
Voice | 38 | | | (207) | | | 118.5 | % |
| | | | | | |||
Single Play (e) | 12,552 | | | 11,354 | | | 10.5 | % |
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