“Just a brief comment on 2025 cash taxes. We still expect, under existing tax legislation, that our calendar year 2025 cash tax payments will total between $1.6 billion and $2 billion.”

In context

“h our equipment vendors, we continue to work with them to minimize the impact of tariffs while at the same time supporting the health of the cable equipment ecosystem. We continue to expect total 2025 capital expenditures to reach approximately $12 billion. And we have not changed our multiyear capital outlook. We also don't anticipate the tariffs to have a meaningful impact on our P and L as the vast majority of our P and L expenses are programming, labor, and service driven and are not subject to the new tariffs. Turning to free cash flow on slide fourteen. First quarter free cash totaled $1.6 billion an increase of approximately $1.2 billion compared to last year's first quarter. We The increase was primarily driven by lower capital expenditures, higher EBITDA, and lower cash interest. Just a brief comment on 2025 cash taxes. We still expect, under existing tax legislation, that our calendar year 2025 cash tax payments will total between $1.6 billion and $2 billion. However, we expect second quarter cash taxes to total around $1 billion, given the two cash tax payments we are always required to make in the second quarter, and some other timing items. We finished the quarter with $93.6 billion in debt principal, Our weighted average cost of debt remains at an attractive 5.2%. Our current run rate annualized cash interest is $4.9 billion. We began repurchasing stock in late February, following shareholder approval of the Liberty Broadband transaction. During the quarter, we we repurchased 2.1 million Charter Communications, Inc. shares in Charter Holdings common units totaling $750 million at an average price per share of $365 As of the end of the first quarter, our ratio of net debt to last twelve month adjusted EBITDA moved down to 4.06 times. And st”