Charter 1999 Annual Report Download - page 21

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1999 SUMMARY ANNUAL REPORT 19
Charter Communications, Inc.
Condensed Consolidated Statement of Operations
(dollars in millions, except per share data)
YEAR ENDED DECEMBER 31, 1999
REVENUES $1,428.3
OPERATING EXPENSES:
Operating, general and administrative 738.0
Depreciation and amortization 745.3
Option compensation expense 80.0
Corporate expense charges—related party 51.4
1,614.7
Loss from operations (186.4)
OTHER INCOME (EXPENSE):
Interest expense (477.8)
Interest income 34.4
Other, net (8.0)
Loss before income taxes and minority interest (637.8)
INCOME TAX EXPENSE (1.0)
Loss before minority interest (638.8)
MINORITY INTEREST IN LOSS OF SUBSIDIARY 572.6
Net loss $ (66.2)
LOSS PER COMMON SHARE, BASIC AND DILUTED $ (2.22)
Weighted-average common shares outstanding 29,811,202
Common shares outstanding at December 31, 1999 221,740,580
Note: These condensed consolidated financial statements should be read in conjunction with the complete audited consolidated financial statements
appended to the Charter Communications, Inc. proxy statement for the 2000 annual meeting of stockholders.