Common Stock (Notes)

9 Months Ended

Sep. 30, 2021

The following represents the Company's purchase of Charter Class A common stock and the effect on the consolidated statements of cash flows during the three and nine months ended September 30, 2021 and 2020.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	Shares	$		Shares	$		Shares	$		Shares	$
Share buybacks	4,738,842	$	3,584	5,466,295	$	3,250	15,442,417	$	10,450	11,947,078	$	6,452
Income tax withholding	104,949	82		186,548	111		572,869	384		769,853	416
Exercise cost	116,961			180,824			612,474			611,499
	4,960,752	$	3,666	5,833,667	$	3,361	16,627,760	$	10,834	13,328,430	$	6,868

Share buybacks above include shares of Charter Class A common stock purchased from Liberty Broadband Corporation (“Liberty Broadband”) pursuant to the LBB Letter Agreement as follows (see Note 19).


	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021
Number of shares purchased	1,200,547		3,962,155
Amount of shares purchased	$	880	$	2,642

In October 2021, the Company purchased from Liberty Broadband an additional 0.7 million shares of Charter Class A common stock for approximately $561 million.

As of September 30, 2021, Charter had remaining board authority to purchase an additional $1.5 billion of Charter’s Class A common stock and/or Charter Holdings common units, excluding purchases from Liberty Broadband. The Company also withholds shares of its Class A common stock in payment of income tax withholding owed by employees upon vesting of equity awards as well as exercise costs owed by employees upon exercise of stock options.

In 2020, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2020. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.

In March 2020, pursuant to the terms of the Amended and Restated Stockholders Agreement with Liberty Broadband, Advance/Newhouse Partnership (“A/N”) and Charter, dated May 23, 2015 (the "Stockholders Agreement"), Charter, Liberty Broadband and A/N closed on transactions in which Liberty Broadband and A/N exercised their preemptive right to purchase 35,112 and 20,182 shares, respectively, of Charter Class A common stock for a total purchase price of approximately $23 million.