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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 07/27/2017
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Revenues by service offering were as follows (dollars in millions; all percentages are calculated using whole numbers. Minor differences may exist due to rounding):

 
Three Months Ended June 30,
 
2017
 
2016
 
% Change
 
2016
 
% Change
 
Actual
 
Pro forma
Video
$
4,124

 
$
2,605

 
58.3
%
 
$
4,125

 
 %
Internet
3,513

 
1,950

 
80.2
%
 
3,133

 
12.1
 %
Voice
650

 
423

 
53.4
%
 
729

 
(10.9
)%
Residential revenue
8,287

 
4,978

 
66.4
%
 
7,987

 
3.8
 %
 
 
 
 
 
 
 
 
 
 
Small and medium business
924

 
520

 
77.7
%
 
843

 
9.7
 %
Enterprise
548

 
296

 
85.1
%
 
501

 
9.3
 %
Commercial revenue
1,472

 
816

 
80.4
%
 
1,344

 
9.5
 %
 
 
 
 
 
 
 
 
 
 
Advertising sales
381

 
237

 
61.3
%
 
405

 
(5.8
)%
Other
217

 
130

 
67.0
%
 
233

 
(6.8
)%
 
$
10,357

 
$
6,161

 
68.1
%
 
$
9,969

 
3.9
 %
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
2017
 
2016
 
% Change
 
2016
 
% Change
 
Actual
 
Pro forma
Video
$
8,203

 
$
3,775

 
117.3
%
 
$
8,198

 
0.1
 %
Internet
6,911

 
2,754

 
151.0
%
 
6,170

 
12.0
 %
Voice
1,344

 
558

 
140.6
%
 
1,458

 
(7.9
)%
Residential revenue
16,458

 
7,087

 
132.2
%
 
15,826

 
4.0
 %
 
 
 
 
 
 
 
 
 
 
Small and medium business
1,824

 
722

 
152.5
%
 
1,651

 
10.5
 %
Enterprise
1,087

 
395

 
175.1
%
 
991

 
9.7
 %
Commercial revenue
2,911

 
1,117

 
160.5
%
 
2,642

 
10.2
 %
 
 
 
 
 
 
 
 
 
 
Advertising sales
718

 
309

 
132.9
%
 
770

 
(6.7
)%
Other
434

 
178

 
143.8
%
 
473

 
(8.3
)%
 
$
20,521

 
$
8,691

 
136.1
%
 
$
19,711

 
4.1
 %

Video revenues consist primarily of revenues from basic and digital video services provided to our residential customers, as well as franchise fees, equipment rental and video installation revenue. Residential video customers decreased by 288,000 from June 30, 2016 to June 30, 2017.

The increase in video revenues is attributable to the following (dollars in millions):

 
Three months ended
June 30, 2017
compared to
three months ended
June 30, 2016
Increase / (Decrease)
 
Six months ended
June 30, 2017
compared to
six months ended
June 30, 2016
Increase / (Decrease)
Decrease in average basic video customers
$
(34
)
 
$
(26
)
Bundle revenue allocation and price adjustments
30

 
19

TWC Transaction
1,310

 
3,806

Bright House Transaction
213

 
629

 
$
1,519

 
$
4,428




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