Charter 2005 Annual Report Download - page 162

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2005 FORM 10-K
Notes to Consolidated Financial Statements (continued)
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
2005 2004 2003
Cash Flows from Operating Activities:
Net loss after preferred dividends $ (970) $(4,345) $(242)
Equity in losses of Charter Holdco 865 4,488 359
Changes in operating assets and liabilities —(1) (9)
Deferred income taxes 105 (143) (117)
Net cash flows from operating activities —(1) (9)
Cash Flows from Investing Activities:
Receivables from Charter Holdco —(863) —
Payments from Charter Holdco 132 588 —
Investment in Charter Holdco —(2) —
Net cash flows from investing activities 132 (277) —
Cash Flows from Financing Activities
Issuance of convertible notes —863 —
Paydown of convertible notes (132) (588) —
Net proceeds from issuance of common stock —2—
Net cash flows from financing activities (132) 277 —
Net Decrease in Cash and Cash Equivalents — (1) (9)
Cash and Cash Equivalents, beginning of year — 110
Cash and Cash Equivalents, end of year $— $—$1
30. UNAUDITED QUARTERLY FINANCIAL DATA
The following table presents quarterly data for the periods presented on the consolidated statements of operations:
Year Ended December 31, 2005
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenues $ 1,271 $ 1,323 $ 1,318 $ 1,342
Income from operations 51 110 63 119
Income (loss) before minority interest and income taxes (334) (321) 108 (306)
Net income (loss) applicable to common stock (353) (356) 75 (336)
Basic income (loss) per common share (1.16) (1.18) 0.24 (1.06)
Diluted income (loss) per common share (1.16) (1.18) 0.09 (1.06)
Weighted-average shares outstanding, basic 303,308,880 303,620,347 316,214,740 317,272,233
Weighted-average shares outstanding, diluted 303,308,880 303,620,347 1,012,591,842 317,272,233
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
F-44