Cable One, Inc.

Listed Company

CABOCIK 0001632127NYSELarge AcceleratedCable & Other Pay Television ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-356.46M

Total Assets

$5.59B

Equity

$1.43B

Shares Out

5.67M

Op. Cash Flow

$563.33M

Business

Cable One, Inc. is a broadband communications provider that delivers high-speed internet, video and voice services focused on enabling customers in non-metropolitan markets to stay connected. It offers residential data (including multi-gigabit speeds and advanced Wi‑Fi), business data (fiber and HFC solutions for small, mid-market, enterprise and wholesale customers), residential video (IPTV/Sparklight TV) and residential voice (VoIP and traditional telephony). The company operates organized product lines for residential and business services and maintains centralized and local operating functions. It serves customers across Western, Midwestern and Southern U.S. markets through its fiber and hybrid fiber‑coaxial networks, local offices, virtual call centers and digital channels.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,501	1,580	1,678	1,706	1,606
Operating (excluding depreciation and amortization)	392	417	441	471	455
Selling, general and administrative	381	366	355	350	347
Depreciation and amortization	339	342	343	350	339
(Gain) loss on asset sales and disposals, net	11	13	13	—	—
Asset impairments	586	0	0	—	—
Total Costs and Expenses	1,709	1,138	1,151	1,167	1,149
Income (loss) from operations	−207	442	527	539	457
Interest expense, net	−130	−138	−152	−124	—
Other income (expense), net	31	−60	36	−40	−6
Income (loss) before income taxes and equity method investment income (loss), net	−306	244	411	375	337
Income tax (provision) benefit	88	−25	−73	120	46
Income before equity method investment income (loss), net	−219	219	339	256	291
Equity method investment income (loss), net	−138	−204	−114	−43	468,000
Net income (loss)	−356	14	225	213	292
Basic (in dollars per share)	−63.21	2.58	39.76	36.16	48.49
Diluted (in dollars per share)	−63.21	2.57	38.08	34.73	46.49
Basic (in shares)	6	6	6	6	6
Diluted (in shares)	6	6	6	6	6
Unrealized gain (loss) on cash flow hedges and other, net of tax	−29	11	−13	133	58
Comprehensive income (loss)	−385	26	211	346	350

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	153	154	190	215	389
Accounts receivable, net	59	58	94	74	56
Prepaid and other current assets	95	68	58	57	32
Total Current Assets	307	279	342	347	501
Equity investments	614	816	—	—	—
Property, plant and equipment, net	1,784	1,790	1,791	1,702	1,854
Intangible assets, net	1,974	2,533	2,596	2,667	2,861
Goodwill	841	930	929	929	968
Other noncurrent assets	69	178	63	75	42
Total Assets	5,588	6,526	6,760	6,914	6,954
Accounts payable and accrued liabilities	143	167	157	165	203
Deferred revenue	23	28	27	24	27
Current portion of long-term debt	594	19	19	56	39
Total Current Liabilities	759	214	203	244	269
Long-term debt	2,600	3,572	3,627	3,753	3,800
Deferred income taxes	770	914	951	967	854
Other noncurrent liabilities	25	30	170	192	157
Total Liabilities	4,155	4,730	4,950	5,156	5,161
Commitments and contingencies (refer to note 17)	—	—	—	—	—
Preferred stock ($0.01 par value; 4,000,000 shares authorized; none issued or outstanding)	0	0	0	0	0
Common stock ($0.01 par value; 40,000,000 shares authorized; 6,175,399 shares issued; and 5,635,219 and 5,619,365 shares outstanding as of December 31, 2025 and 2024, respectively)	62,000	62,000	62,000	62,000	62,000
Additional paid-in capital	682	639	608	578	556
Retained earnings	1,335	1,708	1,762	1,624	1,457
Accumulated other comprehensive income (loss)	19	48	37	50	−83
Treasury stock, at cost (540,180 and 556,034 shares held as of December 31, 2025 and 2024, respectively)	−602	−600	−597	−495	—
Total Stockholders' Equity	1,434	1,796	1,809	1,737	1,793
Total Liabilities and Stockholders' Equity	5,588	6,526	6,760	6,914	6,954

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	339	342	343	350	339
Amortization of debt discount and issuance costs	9	9	9	10	9
Equity-based compensation	43	32	29	23	20
Gain on debt extinguishments	−13	0	0	—	—
Write-off of debt issuance costs	0	0	3	0	2
Change in deferred income taxes	−134	−40	−5	62	29
(Gain) loss on sales of equity investments	−71	0	0	—	—
Fair value adjustments	52	139	−40	40	48
Gain on MBI Amendment	0	−71	0	0	—
Accounts receivable, net	−836,000	36	−20	3	20
Prepaid and other current assets	−4	−17	−2	−4	−6
Accounts payable and accrued liabilities	−20	20	−11	−157,000	−23
Deferred revenue	−5	490,000	3	−389,000	3
Other	−9	−18	1	4	−2
Net cash provided by operating activities	563	664	663	738	704
Purchase of business	0	−4	0	0	—
Cash paid for MBI Amendment	0	−295	0	0	—
Cash paid for debt and equity investments	0	−20	−29	−50	—
Dividends received	0	45	0	0	69
Capital expenditures	−285	−286	−371	−414	−392
Change in accrued expenses related to capital expenditures	−4	−9	3	3	7
Purchase of wireless licenses	0	−625,000	−3	0	0
Proceeds from sales of property, plant and equipment	813,000	0	0	4	708,000
Proceeds from asset sales and disposals	0	6	1	—	—
Proceeds from sales of equity investments	134	0	57	0	5
Net cash used by investing activities	−154	−564	−342	−448	−2,472
Proceeds from debt borrowings	0	175	638	0	1,696
Payment of debt issuance costs	0	−2	−8	0	−14
Debt repayments	−390	−239	−808	−39	−31
Repurchase of common stock	0	0	−100	−353	0
Payment of withholding tax for equity awards	−3	−3	−3	−5	−9
Dividends paid to stockholders	−17	−68	−66	−66	−63
Net cash used by financing activities	−410	−136	−346	−463	1,581
Change in cash and cash equivalents	−862,000	−37	−25	−174	−186
Cash paid for interest, net of capitalized interest	138	149	160	127	103
Cash paid for income taxes, net of refunds received	45	82	92	23	−1

Filings

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