Charter 2005 Annual Report Download - page 125

Download and view the complete annual report

Please find page 125 of the 2005 Charter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 168

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2005 FORM 10-K
Consolidated Statements of Cash Flows
Year Ended December 31,
(Dollars in millions) 2005 2004 2003
Cash Flows From Operating Activities:
Net loss $ (967) $(4,341) $ (238)
Adjustments to reconcile net loss to net cash flows from operating activities:
Minority interest (1) (19) (377)
Depreciation and amortization 1,499 1,495 1,453
Impairment of franchises —2,433 —
Asset impairment charges 39 — —
(Gain) loss on sale of assets, net 6(86) 5
Option compensation expense, net 14 27 4
Hurricane asset retirement loss 19 — —
Special charges, net —85 —
Unfavorable contracts and other settlements —(5) (72)
Noncash interest expense 254 324 414
Gain on derivative instruments and hedging activities, net (50) (69) (65)
Loss on debt to equity conversions —23 —
(Gain) loss on extinguishment of debt and preferred stock (527) 20 (267)
Other, net (22) (3) 3
Deferred income taxes 109 (109) (110)
Cumulative effect of accounting change, net of tax —765 —
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable (29) (7) 70
Prepaid expenses and other assets 97 (2) 5
Accounts payable, accrued expenses and other (181) (59) (69)
Receivables from and payables to related party, including deferred management fees —— 9
Net cash flows from operating activities 260 472 765
Cash Flows From Investing Activities:
Purchases of property, plant and equipment (1,088) (924) (854)
Change in accrued expenses related to capital expenditures 8(43) (33)
Proceeds from sale of assets 44 744 91
Purchases of investments (3) (17) (11)
Proceeds from investments 17 — —
Other, net (3) (3) (10)
Net cash flows from investing activities (1,025) (243) (817)
Cash Flows From Financing Activities:
Borrowings of long-term debt 1,207 3,148 738
Repayments of long-term debt (1,239) (5,448) (1,368)
Proceeds from issuance of debt 294 2,882 529
Payments for debt issuance costs (70) (145) (41)
Redemption of preferred stock (56) — —
Purchase of pledge securities —(143) —
Net cash flows from financing activities 136 294 (142)
Net Increase (Decrease) in Cash and Cash Equivalents (629) 523 (194)
Cash and Cash Equivalents, beginning of period 650 127 321
Cash and Cash Equivalents, end of period $ 21 $ 650 $ 127
Cash Paid for Interest $ 1,526 $ 1,302 $ 1,111
F-7