Charter 2006 Annual Report Download - page 118

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2006 FORM 10-K
Notes to Consolidated Financial Statements (continued)
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
2006 2005 2004
Cash Flows from Operating Activities:
Net loss after preferred dividends $ (1,370) $(970) $(4,345)
Equity in losses of Charter Holdco 1,168 865 4,488
Changes in operating assets and liabilities 1— (1)
Deferred income taxes 202 105 (143)
Net cash flows from operating activities 1— (1)
Cash Flows from Investing Activities:
Receivables from Charter Holdco ——(863)
Payments from Charter Holdco 20 132 588
Investment in Charter Holdco (1) — (2)
Net cash flows from investing activities 19 132 (277)
Cash Flows from Financing Activities
Issuance of convertible notes —— 863
Paydown of convertible notes (20) (132) (588)
Net proceeds from issuance of common stock 1— 2
Net cash flows from financing activities (19) (132) 277
Net Increase (Decrease) in Cash and Cash Equivalents 1 — (1)
Cash and Cash Equivalents, beginning of year — — 1
Cash and Cash Equivalents, end of year $ 1 $—$—
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, 2006
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenues $ 1,320 $ 1,383 $ 1,388 $ 1,413
Operating income (loss) from continuing operations (8) 146 66 163
Loss from continuing operations (473) (402) (333) (378)
Income (loss) from discontinued operations, net of tax 14 20 200 (18)
Net loss applicable to common stock (459) (382) (133) (396)
Basic and diluted loss from continuing operations
per common share (1.49) (1.27) (1.02) (1.03)
Basic and diluted loss per common share (1.45) (1.20) (0.41) (1.08)
Weighted-average shares outstanding, basic and diluted 317,463,472 317,696,946 326,960,632 365,331,337
F-37