Print Page  Close Window

SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 07/27/2017
Entire Document
 


All customer statistics as of June 30, 2017 include the operations of Legacy TWC, Legacy Bright House and Legacy Charter, each of which is based on individual legacy company reporting methodology. These methodologies differ and their differences may be material. Statistical reporting will be conformed over time to a single reporting methodology. The following table summarizes our customer statistics for video, Internet and voice as of June 30, 2017 and 2016 (in thousands except per customer data and footnotes).

 
Approximate as of
 
June 30,
 
2017 (a)
 
2016 (a)(b)
Customer Relationships (c)
 
 
 
Residential
25,298

 
24,306

Small and Medium Business
1,483

 
1,333

Total Customer Relationships
26,781

 
25,639

 
 
 
 
Residential Primary Service Units (“PSU”)
 
 
 
Video
16,646

 
16,934

Internet
22,033

 
20,667

Voice
10,378

 
10,255

 
49,057

 
47,856

 
 
 
 
Monthly Residential Revenue per Residential Customer (d)
$
109.46

 
$
109.99

 
 
 
 
Small and Medium Business PSUs
 
 
 
Video
425

 
378

Internet
1,285

 
1,148

Voice
847

 
725

 
2,557

 
2,251

 
 
 
 
Monthly Small and Medium Business Revenue per Customer (e)
$
210.64

 
$
236.68

 
 
 
 
Enterprise PSUs (f)
103

 
90


(a)
We calculate the aging of customer accounts based on the monthly billing cycle for each account. On that basis, as of June 30, 2017 and 2016, customers include approximately 209,500 and 208,600 customers, respectively, whose accounts were over 60 days past due, approximately 14,800 and 14,000 customers, respectively, whose accounts were over 90 days past due, and approximately 8,700 and 8,000 customers, respectively, whose accounts were over 120 days past due.
(b)
In the second quarter of 2017, we conformed the seasonal customer program in the Legacy Bright House footprint to our program. Prior to the plan change, Legacy Bright House customers enrolling in the seasonal plan were charged a one-time fee and counted as customer disconnects, and as new connects, when moving off the seasonal plan. Under our seasonal plan, residential customers pay a reduced monthly fee while the seasonal plan is active and remain reported as customers. Excluding the impact of customer disconnect activity related to the previous seasonal plan, Legacy Bright House residential customer relationships at June 30, 2016, would have been higher by approximately 58,000, and video, Internet and voice PSUs for the second quarter of 2016, would have been higher by 52,000, 72,000 and 49,000 respectively.
(c)
Customer relationships include the number of customers that receive one or more levels of service, encompassing video, Internet and voice services, without regard to which service(s) such customers receive. Customers who reside in residential multiple dwelling units (“MDUs”) and that are billed under bulk contracts are counted based on the number of billed units within each bulk MDU. Total customer relationships excludes enterprise customer relationships.
(d)
Monthly residential revenue per residential customer is calculated as total residential video, Internet and voice quarterly revenue divided by three divided by average residential customer relationships during the respective quarter.
(e)
Monthly small and medium business revenue per customer is calculated as total small and medium business quarterly revenue divided by three divided by average small and medium business customer relationships during the respective quarter.
(f)
Enterprise PSUs represent the aggregate number of fiber service offerings counting each separate service offering as an individual PSU.



36