CHARTER COMMUNICATIONS, INC. /MO/ 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Charter’s Class A common stock is listed on the NASDAQ Global Select Market under the symbol “CHTR.” As of December 31, 2020, there were approximately 11,200 holders of record of Charter’s Class A common stock and one holder of Charter's Class B common stock. Charter has not paid cash dividends on its common stock and does not intend to do so in the foreseeable future. During 2020, there were no unregistered sales of securities of the registrant. Securities Authorized for Issuance Under Equity Compensation Plans The following information is provided as of December 31, 2020 with respect to equity compensation plans: Plan Category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights Weighted Average Exercise Price of Outstanding Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans Equity compensation plans approved by security holders 10,493,576 (1) $ 316.86 13,840,616 (1) Equity compensation plans not approved by security holders — $ — — TOTAL 10,493,576 (1) 13,840,616 (1) (1) This total does not include 5,992 shares issued pursuant to restricted stock grants made under our 2019 Stock Incentive Plan, which are subject to vesting based on continued service. For information regarding securities issued under our equity compensation plans, see Note 16 to our accompanying consolidated financial statements contained in “Part II. Item 8. Financial Statements and Supplementary Data.” Performance Graph The performance graph required by Item 5 will be included in Charter’s 2021 Proxy Statement (the “Proxy Statement”) under the headings “Compensation Discussion and Analysis,” or in amendment to this Annual Report on Form 10-K and is incorporated herein by reference. Purchases of Equity Securities by the Issuer The following table presents Charter’s purchases of equity securities completed during the fourth quarter of 2020 (dollars in millions, except per share data). Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) October 1 - 31, 2020 1,960,781 $ 633.73 1,953,774 $2,782 November 1 - 30, 2020 2,345,534 $ 639.56 1,960,370 $3,070 December 1 - 31, 2020 2,584,716 $ 656.22 2,582,981 $1,499 (1) Includes 7,007, 385,164 and 1,735 shares withheld from employees for the payment of taxes and exercise costs upon the exercise of stock options or vesting of other equity awards for the months of October, November and December 2020, respectively. (2) During the three months ended December 31, 2020, Charter purchased approximately 6.5 million shares of its Class A common stock for approximately $4.2 billion. Charter Holdings purchased 0.9 million Charter Holdings common units from A/N at an average price per unit of $629.92, or $578 million during the three months ended December 31, 2020. As of December 31, 2020, Charter had remaining board authority to purchase an additional $1.5 billion of Charter’s Class A 27 common stock and/or Charter Holdings common units. In addition to open market purchases including pursuant to Rule 10b5-1 plans adopted from time to time, Charter may also buy shares of Charter Class A common stock, from time to time, pursuant to private transactions outside of its Rule 10b5-1 plan and any such repurchases may also trigger the repurchases from A/N pursuant to and to the extent provided in the Letter Agreement or Liberty pursuant to the stockholders' agreement. See "Part II. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources." Item 6. Selected Financial Data . The following table presents selected consolidated financial data for the periods indicated (dollars in millions, except per share data): Years Ended December 31, 2020 2019 2018 2017 2016 Statement of Operations Data: Revenues $ 48,097 $ 45,764 $ 43,634 $ 41,581 $ 29,003 Income from operations $ 8,405 $ 6,511 $ 5,221 $ 4,106 $ 2,456 Interest expense, net $ 3,848 $ 3,797 $ 3,540 $ 3,090 $ 2,499 Income before income taxes $ 4,302 $ 2,431 $ 1,686 $ 1,028 $ 820 Net income attributable to Charter shareholders $ 3,222 $ 1,668 $ 1,230 $ 9,895 $ 3,522 Earnings per common share, basic $ 15.85 $ 7.60 $ 5.29 $ 38.55 $ 17.05 Earnings per common share, diluted $ 15.40 $ 7.45 $ 5.22 $ 34.09 $ 15.94 Weighted average shares outstanding, basic 203,316,483 219,506,735 232,356,665 256,720,715 206,539,100 Weighted average shares outstanding, diluted 209,273,247 223,786,380 235,525,226 296,703,956 234,791,439 Balance Sheet Data (end of period): Investment in cable properties $ 136,848 $ 138,920 $ 141,564 $ 142,712 $ 144,396 Total assets $ 144,206 $ 148,188 $ 146,130 $ 146,623 $ 149,067 Total debt $ 82,752 $ 79,078 $ 72,827 $ 70,231 $ 61,747 Total shareholders’ equity $ 30,281 $ 38,811 $ 44,272 $ 47,531 $ 50,366 Comparability of the above information from year to year is affected by acquisitions and dispositions completed by us, including the merger with TWC and acquisition of Bright House in 2016.