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Common Stock (Notes)

9 Months Ended

Sep. 30, 2023

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, 2023 and 2022.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
	Shares	$		Shares	$		Shares	$		Shares	$
Share buybacks	1,833,928	$	776	5,006,943	$	2,218	5,092,677	$	1,963	17,597,370	$	9,065
Income tax withholding	15,261	7		14,595	7		148,075	58		304,070	180
Exercise cost	94,111			43,916			147,903			273,399
	1,943,300	$	783	5,065,454	$	2,225	5,388,655	$	2,021	18,174,839	$	9,245

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,
	2023		2022		2023		2022
Number of shares purchased	—		1,724,540		120,149		4,952,224
Amount of shares purchased	$	—	$	796	$	42	$	2,602

As of September 30, 2023, Charter had remaining board authority to purchase an additional $672 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 2022, Charter’s board of directors approved the retirement of the then currently held treasury stock and those shares were retired as of December 31, 2022. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders’ equity.