Altice USA (Altice USA) Long-Term Capital Lease Obligation

: $369 Mil (As of Dec. 2023)

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Altice USA's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $369 Mil.

Altice USA's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($397 Mil) to Sep. 2023 ($379 Mil) and declined from Sep. 2023 ($379 Mil) to Dec. 2023 ($369 Mil).

Altice USA's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($347 Mil) to Dec. 2022 ($375 Mil) but then declined from Dec. 2022 ($375 Mil) to Dec. 2023 ($369 Mil).

Altice USA Long-Term Capital Lease Obligation Historical Data

The historical data trend for Altice USA's Long-Term Capital Lease Obligation 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

Dec22

Dec23

Long-Term Capital Lease Obligation

269.06

353.61

346.76

375.18

369.37

Altice USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																375.18	394.61	396.81	379.00	369.37

Altice USA (NYSE:ATUS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Altice USA Long-Term Capital Lease Obligation Related Terms

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Altice USA (Altice USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Altice USA Inc (NYSE:ATUS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

15PA:Germany 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 provide 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 provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. 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 news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.

Executives

Alexandre Fonseca	director	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Marc Sirota	officer: Chief Financial Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Patrick Drahi	director, 10 percent owner	WIESTISTRASSE 14, ZERMATT V8 3920
Next Alt S.a.r.l.	director, 10 percent owner	5, RUE EUGENE RUPPERT, GRAND DUCHY OF LUXEMBOURG N4 L-2453
Dennis Mathew	officer: Chief Executive Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Maria Bruzzese	officer: Chief Accounting Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Charles Stewart	officer: Co-President & CFO	1111 STEWART AVENUE, BETHPAGE NY 11714
Mark Mullen	director	1111 STEWART AVENUE, BETHPAGE NY 11714
Susan C Schnabel	director	C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010
Gerrit Jan Bakker	director	15 RUE PIERRE FATIO 6TH FLOOR, GENEVA V8 1204
Raymond Svider	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Michael Olsen	officer: Acting Gen Counsel & Secretary	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Michael Grau	officer: Chief Financial Officer	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Soroban Opportunities Master Fund Lp	10 percent owner	WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD, GEORGE TOWN E9 KY1-9008
Soroban Capital Gp Llc	10 percent owner	55 WEST 46TH STREET, 32ND FLOOR, NEW YORK NY 10036