Altice USA EBIT

: $2,454 Mil (TTM As of Mar. 2022)

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Altice USA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2022 was $588 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2022 was $2,454 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Altice USA's annualized ROC % for the quarter that ended in Mar. 2022 was 4.33%. Altice USA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 35.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Altice USA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2022 was 7.83%.

Altice USA EBIT Historical Data

The historical data trend for Altice USA's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Altice USA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

EBIT

235.54

1,538.22

1,723.69

1,935.76

2,572.66

Altice USA Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
EBIT																706.86	582.19	695.01	588.58	588.35

Altice USA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,454 Mil.

Altice USA (NYSE:ATUS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Altice USA's annualized ROC % for the quarter that ended in Mar. 2022 is calculated as:

	ROC % (Q: Mar. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2021 )	+	Invested Capital (Q: Mar. 2022 ))	/ count )
=	2063.396 * ( 1 - 29.07% )	/	( (33767.599	+	33791.714)	/ 2 )
=	1463.5667828	/	33779.6565
=	4.33 %

where

	Invested Capital		(Q: Dec. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	33215.034	-	1392.92	-	( 195.711	-	max(0, 2735.119	-	789.634	+	195.711	))
=	33767.599

	Invested Capital		(Q: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	33144.103	-	1346.791	-	( 195.648	-	max(0, 2777.38	-	782.978	+	195.648	))
=	33791.714

Note: The Operating Income data used here is four times the quarterly (Mar. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Altice USA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2022 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2022 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2021		Q: Mar. 2022
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2353.396	/	( ( (6562.591 + max(-1227.659, 0))	+	(6743.702 + max(-1224.467, 0)) )	/	2 )
=	2353.396	/	( ( 6562.591	+	6743.702 )	/	2 )
=	2353.396	/	6653.1465
=	35.37 %

where Working Capital is:

	Working Capital		(Q: Dec. 2021 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(406.952	+	0	+	183.195)	-	(1392.92	+	94.943	+	329.943)
=	-1227.659

	Working Capital		(Q: Mar. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(383.103	+	0	+	200.397)	-	(1346.791	+	110.882	+	350.294)
=	-1224.467

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Altice USA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2022 )
	=	2454.122	/	31330.292
	=	7.83 %

Altice USA EBIT Related Terms

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Altice USA Business Description

Industry

Communication Services » Telecommunication Services NAICS : 517919 SIC : 4813

Comparable Companies

NAS:IRDM NAS:VG XKRX:032640 WBO:TKA DHA:GP XBRU:PROX BKK:TRUE BOM:500483 NZSE:SPK TSX:QBR.B

Traded in Other Exchanges

ATUS:Mexico 15PA:Germany

Address

1 Court Square West, Long Island City, New York, NY, USA, 11101

Website

https://www.alticeusa.com

Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provided television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provided comparable services to about 5.5 million homes and business in the New York City metro area. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local 24-hour news networks in New York, i24News, a news operation focused on the Middle East and Israel, and Cheddar, a news upstart.

Executives

Next Alt S.a.r.l.	director, 10 percent owner	5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG N4 L-2453
A4 S.a.	director	5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG N4 L-2453
Drahi Patrick	director, 10 percent owner	WIESTISTRASSE 14 ZERMATT V8 3920
Boubazine Abdelhakim	officer: President & COO	1111 STEWART AVENUE BETHPAGE NY 11714
Schmidt Colleen	officer: EVP Human Resources	1 COURT SQUARE W LONG ISLAND CITY NY 11101
Olsen Michael	officer: EVP, Gen. Counsel & Secy	1 COURT SQUARE W LONG ISLAND CITY NY 11101
Taki Layth	officer: Chief Accounting Officer	1 COURT SQUARE WEST LONG ISLAND CITY NY 11101
Grau Michael	officer: Chief Financial Officer	1 COURT SQUARE W LONG ISLAND CITY NY 11101
Goei Dexter	director, officer: Chief Executive Officer	1111 STEWART AVENUE BETHPAGE NY 11714
Stewart Charles	director	1111 STEWART AVENUE BETHPAGE NY 11714
Bakker Gerrit Jan	director	15 RUE PIERRE FATIO 6TH FLOOR GENEVA V8 1204
Mullen Mark	director	1111 STEWART AVENUE BETHPAGE NY 11714
Okhuijsen Dennis	director	1111 STEWART AVENUE BETHPAGE NY 11714
Connolly David	other: Former EVP & General Counsel	1111 STEWART AVENUE BETHPAGE NY 11714
Cie Management Ix Ltd	10 percent owner	HERITAGE HALL LE MARCHANT STREET ST. PETER PORT Y7 GY14HY