Cable One, Inc.CABO

Cable One, Inc. Segments Disclosure

10-KFiled Feb 26, 20262 min read
SEGMENT REPORTING
Based on the way the Company’s CODM, who is the Company's Chief Executive Officer ("CEO"), reviews and assesses the Company’s operations for purposes of performance monitoring and resource allocation, the Company determined that its operations, including the decisions to allocate resources and deploy capital, are organized and managed on a consolidated basis. Accordingly, management has identified one operating segment, which is its reportable segment, under this organizational and reporting structure.
The Company's consolidated net income (loss) is the GAAP measure of profit or loss which is used by the CODM to allocate resources and assess performance on a monthly basis. Such measure is compared against prior periods to identify, assess and respond to trends.
The following table includes the significant expense categories and amounts that are regularly provided to the CODM (in thousands):
Year Ended December 31,
202520242023
Revenues
$1,501,423 $1,579,542 $1,678,081 
Less: Significant expenses:
Direct product costs
(179,024)(197,548)(233,647)
Labor costs
(239,019)(248,565)(261,108)
Other items(1)
(1,439,839)(1,118,949)(958,704)
Net income (loss)$(356,459)$14,480 $224,622 
(1)Includes other operating costs (such as marketing, software and maintenance expenses), depreciation and amortization, net gain (loss) on asset sales and disposals, asset impairments, net interest expense, net other income (expense), income tax (provision) benefit, net equity method investment income (loss) and certain other non-cash, non-core and/or non-recurring costs. Refer to note 7 for further information regarding the asset impairments. Included in these amounts are interest expense of $146.3 million, $158.0 million and $170.1 million and interest and investment income of $16.3 million, $20.0 million and $18.6 million, for 2025, 2024 and 2023, respectively.

Given the Company operates as a single reportable segment, segment assets are equal to total assets within the Company's consolidated balance sheets.

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 28, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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