XML 23 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
Common Stock (Notes)
 9 Months Ended
Sep. 30, 2022
Common Stock [Abstract]  
Common Stock Common Stock
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, 2022 and 2021.

Three Months Ended September 30, Nine Months Ended September 30,
2022202120222021
Shares$Shares$Shares$Shares$
Share buybacks 5,006,943 $2,218 4,738,842 $3,584 17,597,370 $9,065 15,442,417 $10,450 
Income tax withholding14,595 7 104,949 82 304,070 180 572,869 384 
Exercise cost43,916 116,961 273,399 612,474 
5,065,454 $2,225 4,960,752 $3,666 18,174,839 $9,245 16,627,760 $10,834 

Share buybacks above include shares of Charter Class A common stock purchased from Liberty Broadband Corporation (“Liberty Broadband”) as follows.

Three Months Ended September 30, Nine Months Ended September 30,
2022202120222021
Number of shares purchased1,724,540 1,200,547 4,952,224 3,962,155 
Amount of shares purchased$796 $880 $2,602 $2,642 

In October 2022, the Company purchased from Liberty Broadband an additional 0.5 million shares of Charter Class A common stock for approximately $183 million.

As of September 30, 2022, Charter had remaining board authority to purchase an additional $680 million 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 2021, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2021. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.