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CLAIM #14241 · Charter Communications Inc (CHTR) · 2024Q3 earnings call · Nov 1, 2024 · due Dec 31, 2024

We currently expect to incur approximately $100 million in incremental capital expenditures, the vast majority of which will be captured in our rebuild capital expenditures line.

Jessica Fischer · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

y realized as a competitive advantage. Our team is executing well on these multiyear initiatives, a team that's hungry with a tremendous drive to win for our customers, the communities we serve, our fellow employees, and for our shareholders. Jessica? Jessica Fischer: Thanks, Chris. Before discussing our third quarter results, I want to mention that today's results do not include any impact related to hurricanes Helene and Milton, which hit the Southeast in late-September and early-October. Our fourth quarter results will include some lost customers and passings related to the storm from both suppressed gross additions and the damaged or destroyed plant that Chris mentioned. We're still assessing the impacted areas and we expect to rebuild lost passings over time as our customers rebuild. We currently expect to incur approximately $100 million in incremental capital expenditures, the vast majority of which will be captured in our rebuild capital expenditures line. We have been providing bill credits to customers in impacted areas and those onetime credits will offset some fourth quarter revenue. We may also have some incremental operating expense, although we expect that to be relatively small. And we'll isolate the storm impacts when we report our fourth quarter results. Let's please turn to our customer results on Slide 8. Including residential and SMB, we lost a 110,000 internet customers in the third quarter, while in mobile, we added 545,000 lines. Video customers declined by 294,000 and wireline voice customers declined by 288,000. The end of the ACP program drove higher third quarter non-pay and voluntary churn among former ACP customers for a total estimated third quarter impact of approximately 200,000 internet losses. Incremental non-pay

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SEC filings for CHTR · Claim quote is verbatim from the 2024Q3 earnings call.