Charter 2000 Annual Report Download - page 27

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25 CHARTER COMMUNICATIONS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
Year ended December 31, 2000 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (828.7) $ (66.2)
Adjustments to reconcile net loss to net cash provided by operating activities 1,488.5 353.4
Changes in assets and liabilities, net of effects from acquisitions 466.8 186.2
Other operating activities 4.6 6.5
Net cash provided by operating activities 1,131.2 479.9
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment (2,825.1) (741.5)
Payments for acquisitions, net of cash acquired (1,188.0) (7,629.6)
Other investing activities (40.9) (1,706.9)
Net cash used in investing activities (4,054.0) (10,078.0)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings of long-term debt 7,504.6 10,114.2
Repayments of long-term debt (4,499.8) (5,694.4)
Payments for debt issuance costs (85.3) (113.5)
Net proceeds from initial public offering of Class A common stock – 3,547.9
Capital contributed to subsidiary – 1,894.3
Distributions to Charter Investment –(10.9)
Other financing activities 0.3 (15.4)
Net cash provided by financing activities 2,919.8 9,722.2
Net increase (decrease) in cash and cash equivalents (3.0) 124.1
CASH AND CASH EQUIVALENTS, beginning of period 133.7 9.6
CASH AND CASH EQUIVALENTS, end of period $ 130.7 $ 133.7
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.