Charter 2000 Annual Report Download - page 25
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23 CHARTER COMMUNICATIONS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share data)
Year ended December 31, 2000 1999
REVENUES
Basic $2,249.3 $1,003.0
Premium 226.6 124.8
Pay-per-view 28.6 27.4
Digital 91.1 8.3
Data services 63.3 10.1
Advertising sales 220.2 72.0
Other 370.1 182.6
Total revenues 3,249.2 1,428.2
OPERATING EXPENSES
Programming 736.0 330.7
General and administrative 543.9 237.5
Service 192.6 99.5
Marketing 63.8 23.4
Advertising sales 56.5 31.3
Other 58.6 15.5
Corporate expense charge – related party 55.2 51.4
Depreciation and amortization 2,473.1 745.3
Option compensation expense 41.0 80.0
Total operating expenses 4,220.7 1,614.6
Loss from operations (971.5) (186.4)
OTHER INCOME (EXPENSE)
Interest, net (1,051.8) (443.4)
Other, net (31.7) (8.0)
Loss before income tax and minority interest in loss of subsidiary (2,055.0) (637.8)
Income tax expense –(1.0)
Loss before minority interest in loss of subsidiary (2,055.0) (638.8)
Minority interest in loss of subsidiary 1,226.3 572.6
Net loss $ (828.7) $ (66.2)
BASIC AND DILUTED LOSS PER SHARE $ (3.67) $ (2.22)
Weighted average common shares outstanding 225,697,775 29,811,202
Common shares outstanding at December 31 233,752,282 221,740,580
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 2001 annual meeting of shareholders.