Charter 2006 Annual Report Download - page 85

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2006 FORM 10-K
Consolidated Balance Sheets
December 31,
(Dollars in millions, except share data) 2006 2005
ASSETS
Current Assets:
Cash and cash equivalents $60$21
Accounts receivable, less allowance for doubtful accounts of $16 and $17, respectively 195 214
Prepaid expenses and other current assets 84 92
Total current assets 339 327
Investment in Cable Properties:
Property, plant and equipment, net of accumulated depreciation of $7,644 and $6,749, respectively 5,217 5,840
Franchises, net 9,223 9,826
Total investment in cable properties, net 14,440 15,666
Other Noncurrent Assets 321 438
Total assets $ 15,100 $ 16,431
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses $ 1,298 $ 1,191
Total current liabilities 1,298 1,191
Long-Term Debt 19,062 19,388
Note Payable — Related Party 57 49
Deferred Management Fees — Related Party 14 14
Other Long-Term Liabilities 692 517
Minority Interest 192 188
Preferred Stock — Redeemable; $.001 par value; 1 million shares authorized; 36,713 shares issued and outstanding,
respectively 44
Shareholders’ Deficit:
Class A Common stock; $.001 par value; 1.75 billion shares authorized; 407,994,585 and 416,204,671 shares
issued and outstanding, respectively ——
Class B Common stock; $.001 par value; 750 million shares authorized; 50,000 shares issued and outstanding ——
Preferred stock; $.001 par value; 250 million shares authorized; no non-redeemable shares issued and
outstanding ——
Additional paid-in capital 5,313 5,241
Accumulated deficit (11,536) (10,166)
Accumulated other comprehensive loss 45
Total shareholders’ deficit (6,219) (4,920)
Total liabilities and shareholders’ deficit $ 15,100 $ 16,431
The accompanying notes are an integral part of these consolidated financial statements.
F-4