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ALTICE USA, INC. Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations (type 10-Q)

All greenback quantities, besides per buyer and per share information, included within the
following dialogue, are introduced in hundreds.


The preparation of our consolidated monetary statements requires us to make
estimates that have an effect on the reported quantities of belongings, liabilities, income and
bills. For a whole dialogue of the accounting judgments and estimates
that we now have recognized as important within the preparation of our consolidated
monetary statements, please discuss with our Administration's Dialogue and Evaluation
of Monetary Situation and Outcomes of Operations in our Annual Report on Type
10-Ok for the yr ended December 31, 2021.

Overview

Our Enterprise


We principally present broadband communications and video providers in the United
States and have marketed our providers primarily below two manufacturers: Optimum,
primarily within the New York metropolitan space, and Suddenlink, principally in
markets within the south-central United States. On August 1, 2022, the Firm started
advertising the Suddenlink providers below the Optimum model. We ship broadband,
video, telephony, and cell providers to roughly 4.9 million residential
and enterprise prospects. Our footprint extends throughout 21 states via a
fiber-rich hybrid-fiber coaxial ("HFC") broadband community and a
fiber-to-the-home ("FTTH") community with roughly 9.4 million complete passings
as of June 30, 2022. Moreover, we provide information programming and content material,
promoting providers, in addition to a full service cell providing to customers
throughout our footprint.

Key Elements Impacting Working Outcomes and Monetary Situation


Our future efficiency depends, to a big extent, on the impression of direct
competitors, basic financial circumstances (together with capital and credit score market
circumstances), our skill to handle our companies successfully, and our relative
energy and leverage within the market, each with suppliers and prospects. For
extra info, see "Threat Elements" and "Enterprise-Competitors" included in our
Annual Report on Type 10-Ok for the yr ended December 31, 2021.

In March 2020, america declared a nationwide emergency in regards to the
outbreak of COVID-19. Since then, there have been extraordinary and wide-ranging
actions taken by federal, state and native governmental authorities to include
and fight the outbreak and unfold of the virus and new variants, together with
lockdowns, social distancing directives and testing, and vaccine mandates. Whereas
sure authorities laws and mandates have eased and COVID-19 vaccines
have grow to be broadly obtainable, governmental authorities proceed to watch the
scenario and have indicated a willingness to proceed taking numerous actions in
an effort to sluggish or forestall a rise within the unfold of COVID-19.

The COVID-19 pandemic considerably impacted our enterprise, together with how our
prospects use our services and the way our workers present providers
to our prospects. Though the final word impression of the pandemic on our enterprise
can't be predicted, and we can't predict how our future outcomes could also be
impacted if the pandemic continues, we now have and can proceed to supply our
telecommunications providers to our prospects and work to adapt the setting
through which we function. See "Threat Elements - Our enterprise, monetary situation and
outcomes of operations could also be adversely affected by the current COVID-19
pandemic." in our Annual Report on Type 10-Ok for the yr ended December 31,
2021.

We derive income principally via month-to-month fees to residential prospects
of our broadband, video, and telephony providers and different associated providers. Our
residential broadband, video, and telephony providers accounted for roughly
41%, 34%, and three%, respectively, of our consolidated income for the six months
ended June 30, 2022. We additionally derive income from the sale of a large and rising
number of services to each massive enterprise and SMB prospects,
together with broadband, telephony, networking and video providers. For the six
months ended June 30, 2022, 15% of our consolidated income was derived from
these enterprise providers. As well as, we derive revenues from the sale of
promoting time obtainable on the programming carried on our cable tv
techniques, digital promoting, branded content material, affiliation charges for information
programming, and information analytics, which accounted for roughly 5% of our
consolidated income for the six months ended June 30, 2022. Our cell and
different income for the six months ended June 30, 2022 accounted for roughly
1% of our consolidated income.

Income is impacted by charge will increase, promotional choices, adjustments within the
variety of prospects that subscribe to our providers, together with extra
providers offered to our current prospects, programming bundle adjustments by our

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video prospects, pace tier adjustments by our broadband prospects, and acquisitions
and building of cable techniques that consequence within the addition of recent prospects.

Our skill to extend the variety of prospects to our providers is considerably
associated to our penetration charges.


We function in a extremely aggressive consumer-driven trade and we compete
towards a wide range of broadband, video and telephony suppliers and supply
techniques, together with broadband communications corporations, wi-fi information and
telephony suppliers, fiber-based service suppliers, satellite-delivered video
alerts, Web-delivered video content material, and broadcast tv alerts
obtainable to residential and enterprise prospects in our service areas. Our
opponents embrace AT&T, Inc. and its DirecTV subsidiary, Lumen Applied sciences,
Inc., DISH Community Company, Frontier Communications Company and Verizon
Communications Inc. Shoppers' number of an alternate supply of service,
whether or not on account of financial constraints, technological advances, or choice,
negatively impacts the demand for our providers. For extra info on our
aggressive panorama, see "Threat Elements" and "Enterprise-Competitors" included in
our Annual Report on Type 10-Ok for the yr ended December 31, 2021.

Our programming prices, that are essentially the most significant factor of our working
bills, are impacted by adjustments in programming charges, which we count on to
improve, and by adjustments within the variety of video prospects. See "Outcomes of
Operations" under for extra info relating to the important thing components impacting our
revenues and working bills.

Traditionally, we now have made substantial investments in our community and the
growth of recent and revolutionary merchandise and different service choices for our
prospects as a manner of differentiating ourselves from our opponents and we
count on to take action sooner or later. Our ongoing FTTH community construct, with deliberate
upgrades, will allow us to ship Multi-gig broadband speeds to satisfy the
rising information wants of residential and enterprise prospects. As well as, we now have
launched a full service cell providing to customers throughout our footprint. We
might incur larger than anticipated capital expenditures in reference to these
initiatives, fail to understand anticipated advantages, expertise delays and
enterprise disruptions or encounter different challenges to executing them as deliberate.
See "Liquidity and Capital Assets- Capital Expenditures" for added
info relating to our capital expenditures.

Sure Transactions

The next transactions had an impression within the intervals lined by this
Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of
Operations:


In June 2021, Lightpath accomplished an acquisition for an combination buy worth
of roughly $28,260 and the working outcomes of the acquired enterprise have been
consolidated as of the acquisition date.

In April 2021, the Firm accomplished its acquisition of the cable belongings of
Morris Broadband, LLC in North Carolina for roughly $312,184 and the
working outcomes of the acquired enterprise have been consolidated as of the
acquisition date.

Non-GAAP Monetary Measures


We outline Adjusted EBITDA, which is a non-GAAP monetary measure, as web earnings
(loss) excluding earnings taxes, non-operating earnings or bills, loss on
extinguishment of debt and write-off of deferred financing prices, achieve (loss) on
rate of interest swap contracts, achieve (loss) on spinoff contracts, achieve (loss)
on investments, curiosity expense, web, depreciation and amortization (together with
impairments), share-based compensation expense, restructuring expense, and
transaction bills.

We imagine Adjusted EBITDA is an applicable measure for evaluating the
working efficiency of the Firm. Adjusted EBITDA and related measures with
related titles are widespread efficiency measures utilized by traders, analysts and
friends to check efficiency in our trade. Internally, we use income and
Adjusted EBITDA measures as necessary indicators of our enterprise efficiency and
consider administration's effectiveness with particular reference to those indicators.
We imagine Adjusted EBITDA offers administration and traders a helpful measure
for period-to-period comparisons of our core enterprise and working outcomes by
excluding gadgets that aren't comparable throughout reporting intervals or that don't
in any other case relate to the Firm's ongoing working outcomes. Adjusted EBITDA
must be considered as a complement to and never an alternative to working earnings
(loss), web earnings (loss), and different measures of efficiency introduced in
accordance with GAAP. Since Adjusted EBITDA just isn't a measure of efficiency
calculated in accordance with GAAP, this measure will not be similar to
related measures with related titles utilized by different corporations.

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We additionally use Working Free Money Move (outlined as Adjusted EBITDA much less money
capital expenditures) and Free Money Move (outlined as web money flows from
working actions much less money capital expenditures) as indicators of the
Firm's monetary efficiency. We imagine these measures are two of a number of
benchmarks utilized by traders, analysts and friends for comparability of efficiency
within the Firm's trade, though they will not be straight similar to
related measures reported by different corporations.

Outcomes of Operations – Altice USA (unaudited)

                                  Three Months Ended June 30,                 Favorable                  Six Months Ended June 30,                  Favorable
                                   2022                   2021              (Unfavorable)                2022                   2021              (Unfavorable)
Income:
Broadband                   $      1,002,680          $  992,155          $        10,525          $    1,988,197          $ 1,962,726          $        25,471
Video                                841,549             892,605                  (51,056)              1,683,436            1,798,439                 (115,003)
Telephony                             84,621             103,374                  (18,753)                169,855              210,355                  (40,500)
Residential income                1,928,850           1,988,134                  (59,284)              3,841,488            3,971,520                 (130,032)

Enterprise providers and
wholesale income                    371,503             372,010                     (507)                739,025              739,226                     (201)
Information and promoting                 133,250             131,767                    1,483                 247,925              236,837                   11,088
Cellular                                26,440              20,664                    5,776                  50,475               39,899                   10,576
Different                                  2,971               3,433                     (462)                  5,998                7,347                   (1,349)
Whole income                      2,463,014           2,516,008                  (52,994)              4,884,911            4,994,829                 (109,918)
Working bills:
Programming and different
direct prices                         819,011             849,872                   30,861               1,647,804            1,701,736                   53,932
Different working bills             673,464             589,180                  (84,284)              1,315,370            1,169,613                 (145,757)
Restructuring and different
expense                                2,673               5,864                    3,191                   6,051                9,073                    3,022
Depreciation and
amortization (together with
impairments)                         446,125             444,327                   (1,798)                881,474              879,184                   (2,290)
Working earnings                     521,741             626,765                 (105,024)              1,034,212            1,235,223                 (201,011)
Different earnings (expense):
Curiosity expense, web               (310,213)           (319,371)                   9,158                (613,575)            (635,683)                  22,108
Acquire (loss) on investments          (325,601)            125,019                 (450,620)               (476,374)             198,472                 (674,846)
Acquire (loss) on spinoff
contracts, web                       219,114             (98,840)                 317,954                 320,188             (152,405)                 472,593
Acquire (loss) on curiosity
charge swap contracts, web              39,868             (21,574)                  61,442                 163,015               54,079                  108,936
Loss on extinguishment of
debt and write-off of
deferred financing prices                   -             (51,712)                  51,712                       -              (51,712)                  51,712
Different earnings, web                      2,521               2,467                       54                   4,951                5,326                     (375)
Earnings earlier than earnings taxes           147,430             262,754                 (115,324)                432,417              653,300                 (220,883)
Earnings tax expense                   (33,890)            (61,820)                  27,930                (116,736)            (173,827)                  57,091
Web earnings                           113,540             200,934                  (87,394)                315,681              479,473                 (163,792)
Web earnings attributable to
noncontrolling pursuits              (7,366)             (3,274)                  (4,092)                (12,956)              (7,677)                  (5,279)
Web earnings attributable to
Altice USA, Inc.
stockholders                $        106,174          $  197,660          $       (91,486)         $      302,725          $   471,796          $      (169,071)



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The next is a reconciliation of web earnings to Adjusted EBITDA and Working
Free Money Move (unaudited):


                                             Three Months Ended June 30,                   Six Months Ended June 30,
                                              2022                   2021                  2022                   2021
Web earnings                              $      113,540          $   200,934          $      315,681          $   479,473
Earnings tax expense                              33,890               61,820                 116,736              173,827
Different earnings, web                               (2,521)              (2,467)                 (4,951)              (5,326)
Loss (achieve) on rate of interest swap
contracts, web                                 (39,868)              21,574                (163,015)             (54,079)
Loss (achieve) on spinoff contracts,
web                                           (219,114)              98,840                (320,188)             152,405
Loss (achieve) on investments                     325,601             (125,019)                476,374             (198,472)
Loss on extinguishment of debt and
write-off of deferred financing prices                -               51,712                       -               51,712
Curiosity expense, web                          310,213              319,371                 613,575              635,683
Depreciation and amortization
(together with impairments)                        446,125              444,327                 881,474              879,184
Restructuring and different expense                  2,673                5,864                   6,051                9,073
Share-based compensation                        36,529               27,646                  77,061               55,927
Adjusted EBITDA                              1,007,068            1,104,602               1,998,798            2,179,407
Much less: Capital expenditures (money)              485,126              323,104                 877,497              535,895
Working Free Money Move                $      521,942          $   781,498          $    1,121,301          $ 1,643,512

The next is a reconciliation of web money movement from working actions to
Free Money Move (unaudited):

                                           Three Months Ended June 30,                  Six Months Ended June 30,
                                            2022                  2021                  2022                   2021

Web money flows from working $ 676,335 $ 729,543

       $    1,276,554          $ 1,479,165
actions
Much less: Capital expenditures (money)            485,126             323,104                 877,497              535,895
Free Money Move                        $      191,209          $  406,439          $      399,057          $   943,270



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The next desk units forth sure buyer metrics, excluding our cell
prospects, for the Firm (unaudited):

                                          June 30,       March 31,      June 30,
                                            2022           2022         2021 (j)
                                                      (in hundreds)
Whole passings (a)                        9,363.1        9,304.9        9,195.1
Whole buyer relationships (b)(c)       4,947.3        4,995.0        5,051.4
Residential                               4,564.2        4,612.1        4,670.7
SMB                                         383.1          382.9          380.7
Residential prospects:
Broadband                                 4,333.6        4,373.2        4,401.3
Video                                     2,574.2        2,658.7        2,870.5
Telephony                                 1,886.9        1,951.5        2,118.4
Penetration of complete passings (d)            52.8  %        53.7  %        54.9  %
ARPU (e)                                 $ 140.13       $ 137.92       $ 142.24

FTTH complete passings (f)                   1,587.1        1,316.6          982.5
FTTH buyer relationships (g)(h)          104.4           81.0           47.3
FTTH Residential                            103.7           80.4           47.3
FTTH SMB                                      0.7            0.6            0.1

Penetration of FTTH complete passings (i) 6.6 % 6.1 % 4.8 %





(a)Represents the estimated variety of single residence properties, flats and
condominium items handed by our HFC and FTTH community in areas serviceable
with out additional extending the transmission traces. As well as, it contains
industrial institutions which have related to our HFC and FTTH community.
Broadband providers weren't obtainable to roughly 30 thousand complete
passings and telephony providers weren't obtainable to roughly 500 thousand
complete passings. Quantities as of June 30, 2021 embrace roughly 89 thousand
complete passings that have been acquired from Morris Broadband in April 2021.

(b)Represents variety of households/companies that obtain a minimum of one of many
Firm’s fixed-line providers.


(c)Clients symbolize every buyer account (arrange and segregated by buyer
title and deal with), weighted equally and counted as one buyer, no matter
measurement, income generated, or variety of packing containers, items, or retailers on our HFC and
FTTH community. Free accounts are included within the buyer counts together with all
lively accounts, however they're restricted to a prescribed group. Most of those
accounts are additionally not completely free, as they usually generate income via
pay-per-view or different pay providers and sure gear charges. Free standing is
not granted to common prospects as a promotion. In counting bulk residential
prospects, corresponding to an residence constructing, we rely every subscribing household unit
throughout the constructing as one buyer, however don't rely the grasp account for the
complete constructing as a buyer. We rely a bulk industrial buyer, corresponding to a
lodge, as one buyer, and don't rely particular person room items at that lodge.
Quantities as of June 30, 2021 embrace 37.3 thousand buyer relationships (35.1
thousand residential and a couple of.2 thousand SMB) that have been acquired from Morris
Broadband in April 2021.

(d)Represents the variety of complete buyer relationships divided by complete
passings.


(e)Calculated by dividing the typical month-to-month income for the respective quarter
derived from the sale of broadband, video and telephony providers to residential
prospects by the typical variety of complete residential prospects for a similar
interval.

(f)Represents the estimated variety of single residence properties, flats and
condominium items handed by the FTTH community in areas serviceable with out
additional extending the transmission traces. As well as, it contains industrial
institutions which have related to our FTTH community.

(g)Represents variety of households/companies that obtain a minimum of one of many
Firm’s fixed-line providers on our FTTH community.


(h)FTTH prospects symbolize every buyer account (arrange and segregated by
buyer title and deal with), weighted equally and counted as one buyer,
no matter measurement, income generated, or variety of packing containers, items, or retailers on
our FTTH community. Free accounts are included within the buyer counts together with
all lively accounts, however they're restricted to a prescribed group. Most of those
accounts are additionally not completely free, as they usually generate income via
pay-per view or different pay providers and sure gear charges. Free standing is
not granted to common prospects as a promotion. In counting bulk residential
prospects, corresponding to an residence constructing, we rely every subscribing household unit
throughout the

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constructing as one buyer, however don't rely the grasp account for the complete
constructing as a buyer. We rely a bulk industrial buyer, corresponding to a lodge, as
one buyer, and don't rely particular person room items at that lodge.

(i)Represents the variety of complete FTTH buyer relationships divided by FTTH
complete passings.


(j)Buyer metrics as of June 30, 2021 embrace prospects that weren't
disconnected pursuant to the New York laws ("NY Order") enacted in Could
2021 that required us, through the pendency of the New York declared COVID-19
State of Emergency and a interval thereafter, to keep up broadband, video and
voice providers for non-paying prospects and provide deferred cost plans to
prospects experiencing monetary problem. The NY Order was lifted on the finish
of June 2021, coinciding with the top of the declared COVID-19 State of
Emergency in New York, and we now have subsequently resumed regular disconnect
insurance policies. Buyer metrics as of June 30, 2021 additionally embrace sure prospects
impacted by storms in Louisiana in 2020 that weren't disconnected pursuant to
our regular disconnect insurance policies. See desk under for particulars.

                                                          June 30, 2021
                                                   NY Order             Storms
                                                   Included            Included
                                                          (in hundreds)
              Whole buyer relationships           8.4                   4.0
              Residential                            7.3                   3.7
              SMB                                    1.1                   0.3
              Residential prospects:
              Broadband                              7.2                   3.4
              Video                                  4.1                   2.1
              Telephony                              3.3                   1.0

Altice USA– Comparability of Outcomes for the Three and Six Months Ended June 30,
2022
in comparison with the Three and Six Months Ended June 30, 2021

Broadband Income


Broadband income for the three and 6 months ended June 30, 2022 was
$1,002,680 and $1,988,197, respectively, whereas broadband income for the three
and 6 months ended June 30, 2021 was $992,155 and $1,962,726, respectively.
Broadband income is derived principally via month-to-month fees to residential
subscribers of our broadband providers. Income is impacted by charge will increase,
promotional choices, adjustments within the variety of prospects, and adjustments in pace
tiers. Moreover, the allocation of income between the residential choices
is impacted by adjustments within the standalone promoting worth of every efficiency
obligation inside our promotional bundled gives.

Broadband income elevated $10,525 (1%) and $25,471 (1%) for the three and 6
months ended June 30, 2022 in comparison with the three and 6 months ended June 30,
2021, respectively. The will increase have been due primarily to greater common recurring
broadband income per broadband buyer, primarily pushed by sure charge
will increase and repair degree adjustments, partially offset by a lower in broadband
prospects.

Video Income

Video income for the three and 6 months ended June 30, 2022 was $841,549 and
$1,683,436, respectively, and $892,605 and $1,798,439, for the three and 6
months ended June 30, 2021, respectively. Video income is derived principally
via month-to-month fees to residential prospects of our video providers. Income
is impacted by charge will increase, promotional choices, adjustments within the variety of
prospects, extra providers offered to our current prospects, and adjustments in
programming packages. Moreover, the allocation of income between the
residential choices is impacted by adjustments within the standalone promoting worth of
every efficiency obligation inside our promotional bundled gives.

Video income decreased $51,056 (6%) and $115,003 (6%) for the three and 6
months ended June 30, 2022 in comparison with the three and 6 months ended June 30,
2021. The decreases have been due primarily to a decline in video prospects,
partially offset by greater common recurring video income per video buyer,
primarily pushed by sure charge will increase.

Telephony Income


Telephony income for the three and 6 months ended June 30, 2022 and 2021 was
$84,621 and $169,855, respectively, and $103,374 and $210,355, for the three and
six months ended June 30, 2021, respectively. Telephony

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income is derived principally via month-to-month fees to residential prospects
of our telephony providers. Income is impacted by adjustments in charges for providers,
promotional choices, adjustments within the variety of prospects, and extra
providers offered to our current prospects. Moreover, the allocation of income
between the residential choices is impacted by adjustments within the standalone
promoting worth of every efficiency obligation inside our promotional bundled
gives.

Telephony income decreased $18,753 (18%) and $40,500 (19%) for the three and
six months ended June 30, 2022 in comparison with the three and 6 months ended
June 30, 2021. The decreases have been on account of a decline in telephony prospects and
decrease common recurring income per telephony buyer.

Enterprise Providers and Wholesale Income


Enterprise providers and wholesale income for the three and 6 months ended
June 30, 2022 was $371,503 and $739,025, respectively, and $372,010 and $739,226
for the three and 6 months ended June 30, 2021, respectively. Enterprise
providers and wholesale income is derived primarily from the sale of fiber-based
telecommunications providers to the enterprise market, and the sale of broadband,
video and telephony providers to SMB prospects.

Enterprise providers and wholesale income decreased $507 and $201 for the three
and 6 months ended June 30, 2022 in comparison with the three and 6 months ended
June 30, 2021. The decreases have been due primarily to decrease backhaul income and
decrease SMB video and telephony income, partially offset by greater common
broadband recurring income per SMB buyer, primarily pushed by sure charge
will increase and repair degree adjustments and a rise in SMB prospects.

Information and Promoting Income


Information and promoting income for the three and 6 months ended June 30, 2022
was $133,250 and $247,925, respectively, and $131,767 and $236,837 for the three
and 6 months ended June 30, 2021, respectively. Information and promoting income
is primarily derived from the sale of (i) promoting stock obtainable on the
programming carried on our cable tv techniques (linear income), (ii)
digital promoting, (iii) branded content material, and (iv) information analytics. Information and
promoting income additionally contains affiliation charges for information programming.

Information and promoting income elevated $1,483 (1%) and $11,088 (5%) for the
three and 6 months ended June 30, 2022 in comparison with the three and 6 months
ended June 30, 2021. The rise for the six months ended June 30, 2022
in comparison with June 30, 2021 was primarily on account of a rise in promoting
income, primarily for linear promoting.

Cellular Income


Cellular income for the three and 6 months ended June 30, 2022 and 2021 was
$26,440 and $50,475, respectively, and $20,664 and $39,899 for the three and 6
months ended June 30, 2021, respectively. Cellular income is derived from the
gross sales of units and cell providers. Cellular income elevated $5,776 (28%) and
$10,576 (27%) for the three and 6 months ended June 30, 2022 in comparison with the
three and 6 months ended June 30, 2021. The will increase have been on account of greater
cell traces and units offered. As of June 30, 2022, we had roughly 231,000
cell traces (together with roughly 35,800 receiving free service) in comparison with
roughly 180,000 cell traces as of June 30, 2021.

Different Income


Different income for the three and 6 months ended June 30, 2022 was $2,971 and
$5,998, respectively, and for the three and 6 months ended June 30, 2021 was
$3,433 and $7,347, respectively. Different income contains income from different
miscellaneous income streams.

Programming and Different Direct Prices


Programming and different direct prices for the three and 6 months ended June 30,
2022 amounted to $819,011 and $1,647,804, respectively, and $849,872 and
$1,701,736, for the three and 6 months ended June 30, 2021, respectively.
Programming and different direct prices embrace cable programming prices, that are
prices paid to programmers (web of amortization of any incentives obtained from
programmers for carriage) for cable content material (together with prices of VOD and
pay-per-view) and are typically paid on a per-customer foundation. These prices are
impacted by will increase in contractual charges, new channel launches, and by adjustments
within the variety of prospects receiving sure programming providers. These prices
additionally embrace interconnection, name completion, circuit and transport charges paid
to different telecommunication corporations for the transport and termination of voice
and information providers, which usually differ based mostly on charge adjustments and the extent of
utilization by our prospects. These prices additionally embrace franchise charges that are
payable to the state governments and native municipalities the place we function and
are based on a proportion

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of sure classes of income derived from the availability of video service
over our cable techniques, which differ by state and municipality. These prices change
in relation to adjustments in such classes of revenues or charge adjustments.
Moreover, these prices embrace the prices of cell units offered to our
prospects and direct prices of offering cell providers.

The decreases of $30,861 (4%) and $53,932 (3%) for the three and 6 months
ended June 30, 2022 as in comparison with the three and 6 months ended June 30, 2021
have been primarily attributable to the next:

Three Months Six Months
Lower in programming prices primarily on account of decrease video prospects,
partially offset by web contractual charge will increase

                     $     (22,698)         $  (38,005)
Lower in franchise payment prices on account of decrease video prospects                  (3,260)             (6,861)

Web lower in name completion and switch prices on account of a decrease
degree of exercise associated to our telephony service, partially offset
by a rise associated to our cell providers

                                 (2,485)             (4,020)
Lower in taxes and surcharges                                              (1,902)             (6,216)
Improve in prices of cell units                                            2,547               4,820
Different web decreases                                                           (3,063)             (3,650)
                                                                       $     (30,861)         $  (53,932)


Programming prices

Programming prices aggregated $672,484 and $1,356,630 for the three and 6
months ended June 30, 2022 and $695,182 and $1,394,635 for the three and 6
months ended June 30, 2021, respectively. Our programming prices in 2022 will
proceed to be impacted by adjustments in programming charges, which we count on to
improve, and by adjustments within the variety of video prospects.

Different Working Bills


Different working bills for the three and 6 months ended June 30, 2022
amounted to $673,464 and $1,315,370, and for the three and 6 months ended June
30, 2021 amounted to $589,180 and $1,169,613, respectively. Different working
bills embrace workers prices and worker advantages together with salaries of firm
workers and associated taxes, advantages and different worker associated bills, as
effectively as third-party labor prices. Different working bills additionally embrace community
administration and subject service prices, which symbolize prices related to the
upkeep of our broadband community, together with prices of sure buyer
connections and different prices related to offering and sustaining providers
to our prospects.

Buyer set up and community restore and upkeep prices might fluctuate as
a results of adjustments within the degree of actions and the utilization of
contractors as in comparison with workers. Additionally, buyer set up prices
fluctuate because the portion of our bills that we're in a position to capitalize adjustments.
Prices related to the preliminary deployment of recent buyer premise gear
needed to supply broadband, video and telephony providers are capitalized
(asset-based). The redeployment of buyer premise gear is expensed as
incurred.

Different working bills additionally embrace prices associated to our name heart
operations that deal with buyer inquiries and billing and assortment actions,
and gross sales and advertising prices, which embrace promoting manufacturing and
placement prices related to buying and retaining prospects. These prices
differ interval to interval and sure of those prices, corresponding to gross sales and advertising,
might improve with intense competitors. Moreover, different working bills
embrace numerous different administrative prices.

                                       37
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The will increase in different working bills of $84,284 (14%) and $145,757 (12%),
for the three and 6 months ended June 30, 2022 as in comparison with the three and
six months ended June 30, 2021 have been attributable to the next:

                                                                       

Three Months Six Months
Web improve in labor prices and advantages, partially offset by an
improve in capitalizable exercise

                                   $      37,014          $   58,575
Improve in repairs and upkeep prices                                   11,916              25,178

Improve in advertising prices, together with prices of rebranding our
providers from Suddenlink to Optimum

                                         13,624              23,618
Improve in share-based compensation prices                                   8,883              21,134
Improve in unhealthy debt                                                         5,080               8,685
Lower in authorized charges, together with authorized settlements in 2021                 (5,521)             (8,593)
Different web will increase                                                         13,288              17,160
                                                                     $      84,284          $  145,757

Restructuring and Different Expense


Restructuring and different expense for the three and 6 months ended June 30, 2022
amounted to $2,673 and $6,051 as in comparison with $5,864 and $9,073 for the three and
six months ended June 30, 2021, respectively. These quantities embrace severance
and different worker associated prices ensuing from headcount reductions and
facility realignment prices and impairments of sure proper of use belongings of
$1,418 and $4,350 and $5,292 and $7,877, respectively, and transactions prices of
$1,255 and $1,701 for the three and 6 months ended June 30, 2022 and $573 and
$1,197 for the three and 6 months ended June 30, 2021, respectively.

Depreciation and Amortization


Depreciation and amortization for the three and 6 months ended June 30, 2022
amounted to $446,125 and $881,474 as in comparison with $444,327 and $879,184 for the
three and 6 months ended June 30, 2021, respectively.

The will increase in depreciation and amortization of $1,798 and $2,290 for the
three and 6 months ended June 30, 2022 as in comparison with the three and 6 months
ended June 30, 2021 have been on account of a rise in depreciation because of
greater asset additions in 2022 as in comparison with 2021, partially offset by decrease
amortization expense on intangible belongings.

Adjusted EBITDA

Adjusted EBITDA amounted to $1,007,068 and $1,998,798 for the three and 6
months ended June 30, 2022 as in comparison with $1,104,602 and $2,179,407 for the
three and 6 months ended June 30, 2021, respectively.


The decreases in Adjusted EBITDA of $97,534 and $180,609 for the three and 6
months ended June 30, 2022 as in comparison with the three and 6 months ended
June 30, 2021, respectively, have been on account of decreases in income and a rise in
working bills (excluding depreciation and amortization, restructuring and
different expense and share-based compensation), as mentioned above.

Working Free Money Move


Working free money movement was $521,942 and $1,121,301 for the three and 6
months ended June 30, 2022 as in comparison with $781,498 and $1,643,512 for the three
and 6 months ended June 30, 2021, respectively. The decreases in working
free money movement of $259,556 and $522,211, respectively, for the three and 6
months ended June 30, 2022 as in comparison with the identical intervals in 2021 have been on account of
will increase in capital expenditures and reduces in Adjusted EBITDA.

Free Money Move


Free money movement was $191,209 and $399,057 for the three and 6 months ended
June 30, 2022 as in comparison with $406,439 and $943,270 for the three and 6 months
ended June 30, 2021, respectively. The decreases in free money movement of $215,230
and $544,213 within the three and 6 month interval, respectively, have been on account of
will increase in capital expenditures and a lower in web money offered by
working actions.

Curiosity Expense, web


Curiosity expense, web was $310,213 and $613,575 for the three and 6 months
ended June 30, 2022, as in comparison with $319,371 and $635,683, respectively. The
decreases of $9,158 and $22,108 for the three and 6 months ended June 30, 2022
as in comparison with the three and 6 months ended June 30, 2021 have been attributable to
the next:

                                       38
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Three Months Six Months
Lower due primarily to a lower in common debt balances for
the three and 6 month intervals, partially offset by a rise in
rates of interest within the three month interval

                             $      (2,125)         $  (13,366)
Capitalized curiosity associated to FTTH community building                   (5,248)             (5,248)
Increased curiosity earnings                                                        (323)               (348)

Different web decreases, primarily amortization of deferred financing
prices and authentic problem reductions

(1,462)             (3,146)
                                                                     $      (9,158)         $  (22,108)


Acquire (Loss) on Investments

Acquire (loss) on investments was $(325,601) and $(476,374) for the three and 6
months ended June 30, 2022 as in comparison with $125,019 and $198,472 for the three
and 6 months ended June 30, 2021, respectively and consists of the rise
(lower) within the honest worth of Comcast widespread inventory owned by the Firm. The
results of those positive factors (losses) are partially offset by the losses (positive factors) on
the associated fairness spinoff contracts, web described under.

Acquire (Loss) on Spinoff Contracts, web


Acquire (loss) on spinoff contracts, web for the three and 6 months ended
June 30, 2022 amounted to $219,114 and $320,188 in comparison with $(98,840) and
$(152,405) for the three and 6 months ended June 30, 2021 and contains
realized and unrealized positive factors or losses as a result of change in honest worth of
fairness spinoff contracts regarding the Comcast widespread inventory owned by the
Firm. The results of those positive factors (losses) are offset by losses (positive factors) on
funding securities pledged as collateral, that are included in achieve (loss)
on investments mentioned above.

Acquire (Loss) on Curiosity Fee Swap Contracts, web


Acquire (loss) on rate of interest swap contracts, web was $39,868 and $163,015 for
the three and 6 months ended June 30, 2022 in comparison with $(21,574) and $54,079
for the three and 6 months ended June 30, 2021, respectively. These quantities
symbolize the change within the honest worth of the rate of interest swap contracts.
These contracts usually are not designated as hedges for accounting functions.

Different Earnings, web


Different earnings, web amounted to $2,521 and $4,951 for the three and 6 months
ended June 30, 2022 in comparison with $2,467 and $5,326 for the three and 6 months
ended June 30, 2021, respectively. These quantities embrace dividends obtained on
Comcast widespread inventory owned by the Firm and the non-service price/profit
parts of the Firm's pension plan.

Earnings Tax Expense

For the three and 6 months ended June 30, 2022, Altice USA recorded a tax
expense of $33,890 and $116,736 on pre-tax earnings of $147,430 and $432,417,
leading to an efficient tax charge that was greater than the U.S. statutory tax
charge. The upper tax charge was as a result of impression of sure non-deductible
bills and state tax expense.

For the three and 6 months ended June 30, 2021, Altice USA recorded a tax
expense of $61,820 and $173,827 on pre-tax earnings of $262,754 and $653,300,
leading to an efficient tax charge that was greater than the U.S. statutory tax
charge. The upper tax charge was as a result of impression of sure non-deductible
bills and state tax expense.

CSC HOLDINGS, LLC


The consolidated statements of operations, adjusted EBITDA and Working Free
Money Move of CSC Holdings are an identical to the consolidated statements of
operations, adjusted EBITDA and Working Free Money Move of Altice USA. Discuss with
Altice USA's Administration's Dialogue and Evaluation of Monetary Situation and
Outcomes of Operations above.

The next is a reconciliation of CSC Holdings’ web money movement from working
actions to Free Money Move:

                                       39
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                                            Three Months Ended June 30,                  Six Months Ended June 30,
                                             2022                  2021                  2022                   2021

Web money flows from working $ 675,576 $ 700,798

        $    1,276,554          $ 1,449,760
actions
Much less: Capital expenditures (money)             485,126             323,104                 877,497              535,895
Free Money Move                         $      190,450          $  377,694          $      399,057          $   913,865


LIQUIDITY AND CAPITAL RESOURCES


Altice USA has no operations impartial of its subsidiaries. Funding for our
subsidiaries has typically been offered by money movement from their respective
operations, money readily available and borrowings below the CSC Holdings revolving credit score
facility and the proceeds from the issuance of securities and borrowings below
syndicated time period loans within the capital markets. Our choice as to using money
generated from working actions, money readily available, borrowings below the
revolving credit score facility or accessing the capital markets has been based mostly upon
an ongoing evaluation of the funding wants of the enterprise, the optimum allocation
of money assets, the timing of money movement era and the price of borrowing
below the revolving credit score facility, debt securities and syndicated time period loans.
We goal a year-end leverage ratio of 4.5x to five.0x for CSC Holdings over time.
We calculate our CSC Holdings web leverage ratio as web debt to L2QA EBITDA
(Adjusted EBITDA for the 2 most up-to-date consecutive fiscal quarters multiplied
by 2.0).

We count on to make the most of free money movement and availability below the CSC Holdings
revolving credit score facility, in addition to future refinancing transactions, to
additional prolong the maturities of, or cut back the principal on, our debt
obligations. The timing and phrases of any refinancing transactions can be
topic to, amongst different components, market circumstances. Moreover, we might, from
time to time, relying on market circumstances and different components, use money readily available
and the proceeds from different borrowings to repay the excellent debt securities
via open market purchases, privately negotiated purchases, tender gives, or
redemptions. With regard to our collateralized indebtedness that matures in Could
2023, our intent is to settle such indebtedness with proceeds from new
monetization contracts. To the extent we don't enter into new monetization
contracts, we might settle the prevailing collateralized indebtedness by (i)
delivering shares of Comcast widespread inventory or (ii) delivering money. As a result of this
collateralized debt matures in Could 2023, it has been labeled as present in
the accompanying stability sheet as of June 30, 2022, and since there isn't a
assurance {that a} financing below new monetization contracts will be accomplished
when this debt matures, the associated investments held as collateral have additionally
been labeled as present.

We imagine current money balances, working money flows and availability below
the CSC Holdings revolving credit score facility will present enough funds to
assist our present working plan, make deliberate capital expenditures and
fulfill our debt service necessities for the subsequent twelve months. Nonetheless, our
skill to fund our operations, make deliberate capital expenditures, make
scheduled funds on our indebtedness and repay our indebtedness is determined by our
future working efficiency and money flows and our skill to entry the
capital markets, which, in flip, are topic to prevailing financial circumstances
and to monetary, enterprise and different components, a few of that are past our
management. Competitors, market disruptions or a deterioration in financial
circumstances might result in decrease demand for our merchandise, in addition to decrease ranges
of promoting, and elevated incidence of shoppers' lack of ability to pay for the
providers we offer. These occasions would adversely impression our outcomes of
operations, money flows and monetary place. Though we at present imagine
quantities obtainable below the CSC Holdings revolving credit score facility can be
obtainable when, and if, wanted, we will present no assurance that entry to such
funds won't be impacted by antagonistic circumstances within the monetary markets or
different circumstances. The obligations of the monetary establishments below the
revolving credit score facility are a number of and never joint and, consequently, a funding
default by a number of establishments doesn't must be made up by the others.

In the long run, we might not be capable to generate enough money from
operations to fund anticipated capital expenditures, meet all current future
contractual cost obligations and repay our debt at maturity. Consequently, we
could possibly be dependent upon our continued entry to the capital and credit score markets
to problem extra debt or fairness or refinance current debt obligations. We
intend to boost vital quantities of funding over the subsequent a number of years to
fund capital expenditures, repay current obligations and meet different
obligations, and the failure to take action efficiently might adversely have an effect on our
enterprise. If we're unable to take action, we might want to take different actions
together with deferring capital expenditures, promoting belongings, looking for strategic
investments from third events or decreasing or eliminating inventory repurchases and
discretionary makes use of of money.

                                       40
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Debt Excellent


The next tables summarize the carrying worth of our excellent debt, web
of unamortized deferred financing prices, reductions and premiums (excluding
accrued curiosity), in addition to curiosity expense for the six months ended June 30,
2022:

                                                                                                Different
                                                CSC Holdings                                 Unrestricted          Altice USA/CSC
                                              Restricted Group          Lightpath              Entities               Holdings
Debt excellent:
Credit score facility debt                          $    7,659,682          $   577,282          $           -          $   8,236,964
Senior assured notes                            7,637,008                    -                      -              7,637,008
Senior secured notes                                       -              442,381                      -                442,381
Senior notes                                       7,556,691              407,586                      -              7,964,277
Subtotal                                          22,853,381            1,427,249                      -             24,280,630
Finance lease obligations                            251,285                    -                      -                251,285
Notes payable and provide chain financing             114,819                    -                      -                114,819
Subtotal                                          23,219,485            1,427,249                      -             24,646,734
Collateralized indebtedness regarding inventory
monetizations (a)                                          -                    -              1,726,366              1,726,366
Whole debt                                    $   23,219,485          $ 1,427,249          $   1,726,366          $  26,373,100
Curiosity expense, web:
Credit score facility debt, senior notes, finance
leases, notes payable and provide chain
financing                                     $      540,846          $    34,558          $           -          $     575,404
Collateralized indebtedness regarding inventory
monetizations (a)                                          -                    -                 38,610                 38,610
Whole curiosity expense, web                   $      540,846          $    34,558          $      38,610          $     614,014




(a)This indebtedness is collateralized by shares of Comcast widespread inventory. Our
intent is to settle such indebtedness with proceeds from new monetization
contracts. To the extent we don't enter into new monetization contracts, we
might settle the prevailing collateralized indebtedness by (i) delivering shares
of Comcast widespread inventory or (ii) delivering money. As a result of this collateralized
debt matures in Could 2023, it has been labeled as present within the accompanying
stability sheet as of June 30, 2022, and since there isn't a assurance {that a}
financing below new monetization contracts will be accomplished when this debt
matures, the associated investments held as collateral have additionally been labeled as
present.

Cost Obligations Associated to Debt


As of June 30, 2022, complete quantities payable by us in reference to our
excellent obligations, together with associated curiosity, in addition to notes payable
and provide chain financing, and the worth deliverable at maturity below
monetization contracts, however excluding finance lease obligations are as follows:

                                 CSC Holdings                                     Different
                               Restricted Group                                Unrestricted           Altice USA/
                                      (b)                 Lightpath            Entities (a)          CSC Holdings
2022                           $    1,305,710          $     37,715          $      16,989          $  1,360,414
2023                                1,198,827                76,862              1,776,378             3,052,067
2024                                2,523,185                75,265                      -             2,598,450
2025                                3,791,414                75,925                      -             3,867,339
2026                                2,078,391                73,414                      -             2,151,805
Thereafter                         18,835,904             1,506,150                      -            20,342,054
Whole                          $   29,733,431          $  1,845,331          $   1,793,367          $ 33,372,129



(a)Contains $1,793,367 associated to the Firm’s collateralized indebtedness
(together with associated curiosity).


(b)Doesn't mirror the extension of the maturity date and alter in curiosity
charges from LIBOR to SOFR pursuant to the modification to the CSC Holdings Credit score
Settlement mentioned under.

                                       41
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CSC Holdings Restricted Group


For financing functions, the Firm is structured as a restricted group (the
"Restricted Group") and an unrestricted group, which incorporates sure designated
subsidiaries and investments (the "Unrestricted Group"). The CSC Holdings
Restricted Group is comprised of CSC Holdings and considerably all of its
wholly-owned working subsidiaries, excluding Lightpath which grew to become an
unrestricted subsidiary in September 2020. These subsidiaries are topic to the
covenants and restrictions of the credit score facility and indentures governing the
notes issued by CSC Holdings.

Sources of money for the Restricted Group embrace primarily money movement from the
operations of the companies within the Restricted Group, borrowings below its
credit score facility and issuance of securities within the capital markets, contributions
from its father or mother, and, occasionally, distributions or loans from its
subsidiaries. The Restricted Group's principal makes use of of money embrace: capital
spending, specifically, the capital necessities related to the improve of
its digital broadband, video and telephony providers, together with prices to construct
our FTTH community; debt service; distributions made to its father or mother to fund share
repurchases; different company bills and adjustments in working capital; and
investments that it could fund occasionally.

CSC Holdings Credit score Facility


In October 2015, a wholly-owned subsidiary of Altice USA, which merged with and
into CSC Holdings on June 21, 2016, entered right into a senior secured credit score
facility, which at present offers U.S. greenback time period loans at present in an
combination principal quantity of $3,000,000 ($2,850,000 excellent at June 30,
2022) (the "CSC Time period Mortgage Facility", and the time period loans prolonged below the CSC
Time period Mortgage Facility, the "CSC Time period Loans") and U.S. greenback revolving mortgage
commitments in an combination principal quantity of $2,475,000 ($675,000 excellent
at June 30, 2022) (the "CSC Revolving Credit score Facility" and, along with the
CSC Time period Mortgage Facility, the "CSC Credit score Amenities"), that are ruled by a
credit score services settlement entered into by, inter alios, CSC Holdings sure
lenders occasion thereto and JPMorgan Chase Financial institution, N.A. as administrative agent and
safety agent (as amended, restated, supplemented or in any other case modified on June
20, 2016, June 21, 2016, July 21, 2016, September 9, 2016, December 9, 2016,
March 15, 2017, January 12, 2018, October 15, 2018, January 24, 2019, February
7, 2019, Could 14, 2019, October 3, 2019, and July 13, 2022, respectively, and as
additional amended, restated, supplemented or in any other case modified occasionally,
the "CSC Credit score Amenities Settlement").

In October 2018, CSC Holdings entered right into a $1,275,000 ($1,233,563 excellent
at June 30, 2022) incremental time period mortgage facility (the "Incremental Time period Mortgage
B-3") and in October 2019, CSC Holdings entered right into a $3,000,000 ($2,932,500
excellent at June 30, 2022) incremental time period mortgage facility ("Incremental Time period
Mortgage B-5") below its current credit score services settlement.

On July 13, 2022, CSC Holdings entered into an modification (the "Twelfth
Modification") to the CSC Credit score Amenities Settlement. The Twelfth Modification
offers for, amongst different issues, new revolving credit score commitments (the "2022
Revolving Credit score Commitments") in an combination principal quantity of $2,325,000
with an prolonged maturity till the date that's the earlier of (i) July 13,
2027 and (ii) April 17, 2025 if, as of such date, any March 2017 Time period Loans, as
outlined within the CSC Credit score Amenities Settlement are nonetheless excellent, except the
March 2017 Time period Mortgage Maturity Date (as outlined within the CSC Credit score Amenities
Settlement) has been prolonged to a date falling after July 13, 2027. After the
effectiveness of the Twelfth Modification, our current revolving commitments
maturing in January 2024 will equal an combination principal quantity of $150,000.
The loans made pursuant to the 2022 Revolving Credit score Commitments could also be composed
of Time period Secured In a single day Financing Fee ("SOFR") borrowings or different base
charge borrowings, and can bear curiosity at a charge each year equal to the Time period
SOFR charge (plus a Time period SOFR credit score adjustment unfold of 0.10%) or the alternate
base charge, as relevant, plus the relevant margin, the place the relevant
margin is (i) with respect to any alternate base charge mortgage, 1.25% each year and
(ii) with respect to any Time period SOFR mortgage, 2.25% each year.

See Notice 8 to our consolidated monetary statements for additional info
relating to the CSC Credit score Amenities Settlement.

Lightpath Credit score Facility


In November 2020, Lightpath entered right into a credit score settlement which offers a
time period mortgage in an combination principal quantity of $600,000 ($591,000 excellent at
June 30, 2022) and revolving mortgage commitments in an combination principal quantity
of $100,000. As of June 30, 2022, there have been no borrowings excellent below the
Lightpath revolving credit score facility. See Notice 8 to our consolidated monetary
statements for additional info relating to the Lightpath credit score settlement.

                                       42

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Lightpath Curiosity Fee Swap Contract


Lightpath entered into an rate of interest swap contract, efficient April 2022, on
a notional quantity of $300,000, whereby Lightpath pays curiosity of two.161% via
December 2026 and receives curiosity based mostly on the one-month LIBOR charge. This swap
contract won't be designated as a hedge for accounting functions. Accordingly,
the adjustments within the honest worth of this rate of interest swap contract can be
recorded via the assertion of operations.

Capital Expenditures

The next desk presents the Firm’s capital expenditures:


                                             Three Months Ended June 30,                    Six Months Ended June 30,
                                              2022                  2021                     2022                    2021
Buyer premise gear              $       80,266          $   50,399          $       161,850              $   92,235
Community infrastructure                         313,066             160,896                  546,889                 277,283
Help and different                               52,504              77,921                   98,164                 107,894
Enterprise Providers                               39,290              33,888                   70,594                  58,483
Capital purchases (money foundation)                 485,126             323,104                  877,497                 535,895
Proper-of-use belongings acquired in
trade for finance lease obligations          47,483              39,367                   94,771                  77,715
Notes payable issued to vendor for the
buy of kit and different belongings          16,431              33,818                   51,501                  33,818
Change in accrued and unpaid purchases
and different                                       17,498             (22,832)                   5,633                  37,502

Capital purchases (accrual foundation) $ 566,538 $ 373,457

         $     1,029,402              $  684,930


Buyer premise gear contains expenditures for set-top packing containers, cable
modems, routers and different gear that's positioned in a buyer's dwelling, as effectively
as set up prices for putting belongings into service. Community infrastructure
contains: (i) scalable infrastructure, corresponding to headend gear, (ii) line
extensions, corresponding to FTTH and fiber/coaxial cable, amplifiers, digital
gear, make-ready and design engineering, and (iii) improve and rebuild,
together with prices to change or substitute current fiber/coaxial cable networks,
together with enhancements. Help and different capital expenditures contains prices
related to the substitute or enhancement of non-network belongings, corresponding to
software program techniques, automobiles, services and workplace gear. Enterprise providers
capital expenditures embrace primarily gear, set up, assist, and
different prices associated to our fiber based mostly telecommunications enterprise serving
primarily enterprise prospects.

In February 2022, the Firm introduced plans to speed up its fiber community
rollout and new construct exercise, together with concentrating on 6.5 million fiber passings
throughout its footprint by the top of 2025. The Firm estimates it would incur
roughly $1,700,000 to $1,800,000 of money capital expenditures in fiscal
yr 2022 to advance its improve and enlargement plans.

Money Move Dialogue

Altice USA

Working Actions

Web money offered by working actions amounted to $1,276,554 for the six
months ended June 30, 2022 in comparison with $1,479,165 for the six months ended
June 30, 2021.


The lower in money offered by working actions of $202,611 in 2022 as
in comparison with 2021 resulted from a lower of $55,996 on account of adjustments in working
capital (together with a lower in curiosity funds of $20,634 and a rise in
tax funds of $66,291) in addition to the timing of funds of liabilities, and
collections of accounts receivable, amongst different gadgets, and a lower in web
earnings earlier than depreciation and amortization and different non-cash gadgets of
$146,615.

Investing Actions

Web money utilized in investing actions for the six months ended June 30, 2022 was
$878,107 in comparison with $877,539 for the six months ended June 30, 2021. The
investing actions consisted primarily of capital expenditures of $877,497


                                       43


--------------------------------------------------------------------------------

and $535,895 for the six months ended June 30, 2022 and 2021, respectively and
funds for acquisitions of $340,570 for the six months ended June 30, 2021.

Financing Actions

Web money utilized in financing actions amounted to $361,082 for the six months
ended June 30, 2022, in comparison with $659,208 for the six months ended June 30,
2021
.


In 2022, the Firm's financing actions consisted of the compensation of
long-term debt of $758,861 and principal funds on finance lease obligations
of $62,221, partially offset by proceeds from our revolving credit score facility of
$460,000.

In 2021, the Firm's financing actions consisted of the compensation of
long-term debt of $3,057,469, repurchase of widespread inventory pursuant to a share
repurchase program of $725,518, compensation of collateralized indebtedness and
associated spinoff contracts, web of $185,105, and principal funds on finance
lease obligations of $37,560, partially offset by proceeds from long-term debt
of $3,160,000, proceeds from collateralized indebtedness and associated spinoff
contracts, web of $185,105, and different web money receipts of $1,339.

CSC Holdings

Working Actions

Web money offered by working actions amounted to $1,276,554 for the six
months ended June 30, 2022 in comparison with $1,449,760 for the six months ended
June 30, 2021.


The lower in money offered by working actions of $173,206 in 2022 as
in comparison with 2021 resulted from a lower of $36,042 on account of adjustments in working
capital (together with a lower in curiosity funds of $20,634 and a rise in
tax funds of $66,291) in addition to the timing of funds and collections of
accounts receivable, amongst different gadgets, and a lower in web earnings earlier than
depreciation and amortization and different non-cash gadgets of $137,164.

Investing Actions


Web money utilized in investing actions for the six months ended June 30, 2022 was
$878,107 in comparison with $877,539 for the six months ended June 30, 2021. The 2022
investing actions consisted primarily of capital expenditures of $877,497.
The 2021 investing actions consisted primarily of capital expenditures of
$535,895 and funds for acquisitions of $340,570.

Financing Actions

Web money utilized in financing actions amounted to $361,082 for the six months
ended June 30, 2022, in comparison with $629,531 for the six months ended June 30,
2021
.


In 2022, the Firm's financing actions consisted of the compensation of
long-term debt of $758,861 and principal funds on finance lease obligations
of $62,221, partially offset by proceeds from our revolving credit score facility of
$460,000.

In 2021, the Firm's financing actions consisted of distributions to its
father or mother of $685,478, compensation of long-term debt of $3,057,469, compensation of
collateralized indebtedness and associated spinoff contracts, web of $185,105,
principal funds on finance lease obligations of $37,560, and different web money
funds of $9,024, partially offset by proceeds from long run debt of
$3,160,000 and proceeds from collateralized indebtedness and associated spinoff
contracts, web of $185,105.

Commitments and Contingencies

As of June 30, 2022, the Firm's commitments and contingencies not mirrored
within the Firm's stability sheet decreased to roughly $9,165,000 as in contrast
to roughly $10,310,000 at December 31, 2021. This lower relates
primarily to funds made pursuant to programming commitments and a lower in
the variety of video prospects as of June 30, 2022 as in comparison with December 31,
2021.

Share Repurchase Program

In June 2018, the Board of Administrators of Altice USA approved a share repurchase
program of $2,000,000, and on July 30, 2019, the Board of Administrators approved a
new incremental three-year share repurchase program of $5,000,000 that took
impact following the completion in August 2019 of the $2,000,000 repurchase
program. In November 2020, the Board of Administrators approved a further
incremental $2,000,000 of share repurchases bringing the full quantity of
cumulative share repurchases approved to $9,000,000. Underneath these repurchase

                                       44

——————————————————————————–


packages, shares of Altice USA Class A typical inventory could also be bought from time
to time within the open market and should embrace buying and selling plans entered into with one
or extra brokerage companies in accordance with Rule 10b5-1 below the Securities
Alternate Act of 1934. Measurement and timing of those purchases can be decided
based mostly on market circumstances and different components.

For the six months ended June 30, 2022, Altice USA didn't repurchase any
shares. From inception via June 30, 2022, Altice USA repurchased an
combination of 285,507,773 shares for a complete buy worth of roughly
$7,808,698. These acquired shares have been retired and the price of these shares was
recorded in stockholders' deficiency within the consolidated stability sheet of Altice
USA. As of June 30, 2022, Altice USA had roughly $1,191,302 of
availability remaining below the incremental share repurchase program.

© Edgar On-line, supply Glimpses

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