Charter 2004 Annual Report Download - page 149

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2004 FORM 10-K
Notes to Consolidated Financial Statements (continued)
Condensed Statements of Cash Flows
Year Ended December 31,
2004 2003 2002
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss after preferred dividends $(4,345) $ (242) $(2,517)
Equity in losses of Charter Holdco 4,488 359 2,922
Changes in operating assets and liabilities (1) (9) 10
Deferred income taxes (143) (117) (405)
Net cash flows from operating activities (1) (9) 10
CASH FLOWS FROM INVESTING ACTIVITIES:
Receivables from Charter Holdco (863) — —
Payments from Charter Holdco 588 — —
Investment in Charter Holdco (2) — —
Net cash flows from investing activities (277) — —
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of convertible notes 863 — —
Paydown of convertible notes (588)
Net proceeds from issuance of common stock 2——
Net cash flows from financing activities 277 — —
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1) (9) 10
CASH AND CASH EQUIVALENTS, beginning of year 110 —
CASH AND CASH EQUIVALENTS, end of year $—$1$10
27. UNAUDITED QUARTERLY FINANCIAL DATA
The following table presents quarterly data for the periods presented on the consolidated statement of operations:
Year Ended December 31, 2004
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenues $ 1,214 $ 1,239 $ 1,248 $ 1,276
Income (loss) from operations 175 15 (2,344) 108
Loss before minority interest and income taxes (235) (366) (2,776) (321)
Net loss applicable to common stock (294) (416) (3,295) (340)
Basic and diluted loss per common share (1.00) (1.39) (10.89) (1.12)
Weighted-average shares outstanding, basic and diluted 295,106,077 300,522,815 302,604,978 302,934,348
Year Ended December 31, 2003
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenues $ 1,178 $ 1,217 $ 1,207 $ 1,217
Income from operations 77 112 117 210
Income (loss) before minority interest and income taxes (301) (286) 23 (161)
Net income (loss) applicable to common stock (182) (38) 36 (58)
Basic income (loss) per common share (0.62) (0.13) 0.12 (0.20)
Diluted income (loss) per common share (0.62) (0.13) 0.07 (0.20)
Weighted-average shares outstanding, basic 294,466,137 294,474,596 294,566,878 294,875,504
Weighted-average shares outstanding, diluted 294,466,137 294,474,596 637,822,843 294,875,504
F-41