阿尔蒂斯美国 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smallerreporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act. Number of shares of common stock outstanding as of May 2, 2025467,697,203 PART I. FINANCIAL INFORMATION (Unaudited)Consolidated Statements of Stockholders' Deficiency - Three months ended March31, 2025 and 2024 Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II. OTHER INFORMATION ASU No. 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation DisclosuresInNovember 2024,the FASB issued ASU No.2024-03 Income Statement—Reporting Comprehensive Income—ExpenseDisaggregation Disclosures, which requires disaggregated disclosures of certain categories of expenses on an annual and interim basis. ASU No. 2023-09 Income Taxes—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09,Income Taxes—Improvements to Income Tax Disclosures, which requiresgreater disaggregation of income tax disclosures related to the income tax rate reconciliation and income taxes paid. ASU No. 2023-09 is effective for us for the fiscal year ending December 31, 2025, although early adoption is permitted. We are currently evaluating theimpact of adopting ASU No. 2023-09, but we expect additional disclosure disaggregation in our income tax footnote. REVENUEThe following table presents the composition of revenue:Three Months Ended March 31,20252024Residential: Telephony66,41236,699Residential revenue1,668,2401,768,446Business services and wholesale363,545News and advertising102,410 We are assessed non-income related taxes by governmental authorities, including franchising authorities (generally under multi-yearagreements), and collect such taxes from our customers. In instances where the tax is being assessed directly on us, amounts paid tothe governmental authorities are recorded as programming and other direct costs and amounts received from the customers arerecorded as revenue. For the three months ended March31, 2025 and 2024, the amount of franchise fees and certain other taxes and Deferred enterprise sales commission costs are included in other current and noncurrent assets in the consolidated balance sheets andtotaled $20,008and $19,743as of March31, 2025 and December 31, 2024, respectively. A significant portion of our revenue is derived from residential and small and medium-sized business ("SMB") customer contractswhich are month-to-month. As such, the amount of revenue related to unsatisfied performance obligations is not necessarily indicative of the future revenue to be recognized from our existing customer base. Contracts with enterprise customers generally range fromthree yearstofive years, and services may only be terminated in accordance with the contractual terms. Concentration of Credit Risk We did not have a single customer that represented10% or more of our consolidated revenues for the three months ended March31,2025 and 2024 or10% or more of our consolidated net trade receivables at March31, 2025 and December 31, 2024, respectively.NET INCOME (LOSS) PER SHARE Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and awholly-owned subsidiary of Altice USA.SUPPLEMENTAL CASH FLOW INFORMATION Non-Cash Investing and Financing Activities: Altice USA and CSC Holdings: Notes payable issued for the purchase of equipment and other assets—Right-of-use assets acquired in exchange for finance lease obligations5,967Other non-cash investing and financing transactions—Supplemental Data:Altice USA and CSC Holdings: CSC Holdings:Cash interest paid relating to a note payable to Captive (see Note 14) 1,337RESTRUCTURING, IMPAIRMENTS AND OTHER OPERATING ITEMSOur restructuring, impairments and other operating items are comprised of the following: Litigation settlements and contract termination costs (a) Contractual payments for terminated employees GOODWILL AND INTANGIBLE ASSETS Our amortizable intangible assets primarily consist of customer relationships acquired pursuant to business combinations and representthe value of the business relationship with those customers.The following table summarizes information relating to our acquired amortizable intangible assets: Customer relationships$6,089,105$(5,210,557)$878,548$6,089,050$(5,137,180)$951,8701to18yearsTrade names1,010,000(1,010,000)—1,010,000(1,010,000)—4to7yearsOther amortizable intangibles52,440(43,667)8,77351,909(42,974)8,9351to15years$7,151,545$(6,264,224)$887,321$7,150,959$(6,190,154)$960,805 15 1,539,2401,528,2781,541,000Finance lease obligations134,067