Charter 2001 Annual Report Download - page 21
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Condensed Consolidated Statements of Operations
(Dollars in millions, except per share data)
Year ended December 31, 2001 2000
Revenues
Analog video $ 2,787.6 $ 2,504.5
Digital video 307.2 89.3
Cable modem 154.4 54.7
Advertising sales 312.6 234.6
Other 391.3 366.1
Total revenues 3,953.1 3,249.2
Operating Expenses
General, administrative and service 861.7 719.7
Analog video programming 902.8 736.0
Digital video 111.2 36.2
Cable modem 100.0 39.2
Advertising sales 64.0 56.5
Marketing 70.3 63.8
Depreciation and amortization 3,010.1 2,473.1
Option compensation expense (45.7) 41.0
Corporate expenses 56.9 55.2
Special charges 17.6 –
Total operating expenses 5,148.9 4,220.7
Loss from operations (1,195.8) (971.5)
Other Income (Expense)
Interest, net (1,311.8) (1,051.8)
Other, net (148.3) (31.7)
Total other income (expense) (1,460.1) (1,083.5)
Loss before minority interest in loss of subsidiary (2,655.9) (2,055.0)
Minority Interest in Loss of Subsidiary 1,478.2 1,226.3
Net Loss (1,177.7) (828.7)
Dividends on preferred stock – redeemable (0.9) –
Net loss applicable to common stock (1,178.6) (828.7)
Basic and Diluted Loss per Share $ (4.37) $ (3.67)
Weighted average common shares outstanding 269,594,386 225,697,775
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 2002 annual meeting of shareholders.