Cable One, Inc. is an American broadband communications provider that delivers high-speed internet, cable television, and voice services primarily under the Sparklight brand. Operating across 24 states, the company focuses on serving non-metropolitan, secondary markets where it often acts as the primary wired connection provider.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,501,423
1,579,542
1,678,081
1,706,043
Cost of Sales
392,102
416,819
440,916
470,916
Gross Profit
1,109,321
1,162,723
1,237,165
1,235,127
Selling, General & Administrative Expenses
381,131
365,956
354,663
350,310
Depreciation & Amortization Expenses
338,549
341,754
342,891
350,462
Other Operating Expenses
596,997
13,134
12,708
(4,634)
Operating Profit
(207,356)
441,879
526,903
538,989
Interest Expense
(129,967)
(137,997)
(151,578)
(124,043)
Non-Operating Income
30,947
(59,705)
36,071
(39,583)
Total Non-Operating Income
(99,020)
(197,702)
(115,507)
(163,626)
Income Before Provision for Income Taxes
(306,376)
244,177
411,396
375,363
Provision for Income Taxes
87,861
(25,201)
(72,838)
119,650
Consolidated Net Income
(218,515)
218,976
338,558
255,713
Net Income Attributable to Minority Interests and Other
137,944
204,496
113,936
42,656
Net Income Attributable to Common Shareholders
(356,459)
14,480
224,622
213,057
Basic EPS
-63.21
2.58
39.76
36.16
Diluted EPS
-63.21
2.57
38.08
34.73
Basic Weighted Average Shares Outstanding
5,640
5,621
5,649
5,892
Diluted Weighted Average Shares Outstanding
5,640
5,631
6,062
6,314
Shares Outstanding
5,635
5,619
5,617
5,766
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
152,769
153,631
190,289
215,150
Total Cash and Cash Equivalents
152,769
153,631
190,289
215,150
Accounts Receivable
58,578
57,742
93,973
74,383
Total Trade Receivables
58,578
57,742
93,973
74,383
Other Current Assets
95,238
67,862
58,116
57,172
Total Current Assets
306,585
279,235
342,378
346,705
Net Property, Plant & Equipment
1,784,201
1,789,955
1,791,120
1,701,755
Net Intangible Assets
1,974,359
2,532,855
2,595,892
2,666,585
Goodwill
840,826
929,609
928,947
928,947
Long-Term Investments
613,841
815,812
1,038,024
1,167,478
Other Long-Term Assets
68,541
178,429
63,149
74,677
Total Assets
5,588,353
6,525,895
6,759,510
6,886,147
Accounts Payable
143,058
167,271
156,645
164,518
Current Portion of Long-Term Debt
593,535
18,712
19,023
55,931
Unearned Revenue
22,731
27,889
27,169
23,706
Total Current Liabilities
759,324
213,872
202,837
244,155
Long-Term Debt
2,600,392
3,571,536
3,626,928
3,752,591
Other Long-Term Liabilities
794,999
944,455
1,120,475
1,152,489
Total Long-Term Liabilities
3,395,391
4,515,991
4,747,403
4,905,080
Total Liabilities
4,154,715
4,729,863
4,950,240
5,149,235
Common Stock
62
62
62
62
Treasury Stock
(602,293)
(599,662)
(596,778)
(494,680)
Additional Paid-in Capital
681,866
639,288
607,574
578,154
Accumulated Other Comprehensive Income
19,450
48,100
36,745
50,031
Retained Earnings
1,334,553
1,708,244
1,761,667
1,603,345
Total Common Shareholders' Equity
1,433,638
1,796,032
1,809,270
1,736,912
Total Shareholders' Equity
1,433,638
1,796,032
1,809,270
1,736,912
Total Liabilities and Shareholders' Equity
5,588,353
6,525,895
6,759,510
6,886,147
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
(356,459)
14,480
224,622
213,057
Depreciation & Amortization
338,549
341,754
342,891
350,462
Share-Based Compensation Expense
42,578
31,714
29,420
22,514
Other Adjustments
578,200
253,793
94,102
149,636
Changes in Trade Receivables
(836)
36,431
(19,590)
2,734
Changes in Accounts Payable
(20,301)
19,894
(10,664)
(157)
Changes in Unearned Revenue
(5,158)
490
3,463
(389)
Changes in Other Operating Activities
(13,247)
(34,428)
(1,074)
183
Cash from Operating Activities
563,326
664,128
663,170
738,040
Capital Expenditure
(288,960)
(295,036)
(367,704)
(410,737)
Proceeds from Sale of Property, Plant & Equipment
813
5,542
1,230
3,628
Purchases of Intangible Assets
—
(625)
(2,750)
—
Purchases of Investments
—
(20,000)
(29,410)
(50,385)
Proceeds from Sale of Investments
133,970
45,214
56,730
—
Payments for Business Acquisitions
—
(299,540)
—
—
Proceeds from Business Divestments
—
—
—
9,227
Cash from Investing Activities
(154,177)
(564,445)
(341,904)
(448,267)
Issuance of Long-Term Debt
—
175,000
638,000
—
Repayments of Long-Term Debt
(390,148)
(238,961)
(807,633)
(38,845)
Net Issuance / (Repayments) of Long-Term Debt
(390,148)
(63,961)
(169,633)
(38,845)
Repurchases of Common Shares
(2,631)
(2,884)
(102,098)
(358,325)
Net Issuance / (Repurchases) of Common Shares
(2,631)
(2,884)
(102,098)
(358,325)
Common Share Dividends Paid
(17,232)
(67,903)
(66,300)
(66,255)
Other Financing Activities
—
(1,593)
(8,096)
—
Cash from Financing Activities
(410,011)
(136,341)
(346,127)
(463,425)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash