Cox Communications Reports $36 Billion in Assets

By Philip Seaworth • Monday, August 18 15:39 • Permanent Link

Cox Communications, Inc., a wholly-owned subsidiary of Cox Enterprises, Inc., has released its unaudited condensed consolidated financial statements for the period ending June 30, 2025, and has reported several key financial metrics.

The company's total assets as of June 30, 2025, amounted to $36.015 billion, a slight decrease from the $36.281 billion reported as of December 31, 2024. This decrease is primarily attributable to a decline in amounts due from Cox Enterprises, Inc., which decreased from $4.273 billion to $3.907 billion during the same period.

In terms of revenues, Cox Communications reported a total of $3.140 billion for the three months ended June 30, 2025, compared to $3.266 billion for the same period in 2024. For the six months ended June 30, 2025, the company's revenues amounted to $6.323 billion, down from $6.573 billion for the corresponding period in 2024.

However, the company managed to decrease its operating expenses from $2.526 billion in the second quarter of 2024 to $2.502 billion in the second quarter of 2025. Similarly, for the six months ended June 30, 2025, operating expenses decreased to $4.953 billion from $5.113 billion in the same period in 2024.

Net income for the second quarter of 2025 was reported at $415 million, a decrease from the $515 million reported for the second quarter of 2024. Similarly, for the six months ended June 30, 2025, net income amounted to $876 million, down from $1.010 billion for the same period in 2024.

Cox Communications also experienced a decrease in its cash and cash equivalents, which amounted to $83 million as of June 30, 2025, down from $97 million as of December 31, 2024.

Furthermore, the company's long-term debt decreased slightly from $12.323 billion as of December 31, 2024, to $12.484 billion as of June 30, 2025.

It's important to note that the company is in the process of a pending disposition to Charter Communications, Inc. and Charter Communications Holdings, LLC, which may have an impact on its financials in the future.

The market has reacted to these announcements by moving the company's shares -0.58% to a price of $266.25. For the full picture, make sure to review CHARTER COMMUNICATIONS, INC. /MO/'s 8-K report.

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