Charter 2006 Annual Report Download - page 86
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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2006 FORM 10-K
Consolidated Statements of Operations
Year Ended December 31,
(Dollars in millions, except per share and share data) 2006 2005 2004
Revenues $ 5,504 $ 5,033 $ 4,760
Costs and Expenses:
Operating (excluding depreciation and amortization) 2,438 2,203 1,994
Selling, general and administrative 1,165 1,012 965
Depreciation and amortization 1,354 1,443 1,433
Impairment of franchises ——2,297
Asset impairment charges 159 39 —
Other operating expenses, net 21 32 13
5,137 4,729 6,702
Operating income (loss) from continuing operations 367 304 (1,942)
Other Income and Expenses:
Interest expense, net (1,887) (1,789) (1,670)
Gain (loss) on extinguishment of debt and preferred stock 101 521 (31)
Other income, net 20 73 68
(1,766) (1,195) (1,633)
Loss from continuing operations before income taxes and cumulative effect of
accounting change (1,399) (891) (3,575)
Income Tax Benefit (Expense) (187) (112) 134
Loss from continuing operations before cumulative effect of accounting change (1,586) (1,003) (3,441)
Income (Loss) from Discontinued Operations, Net of Tax 216 36 (135)
Loss before cumulative effect of accounting change (1,370) (967) (3,576)
Cumulative Effect of Accounting Change, Net of Tax — — (765)
Net loss (1,370) (967) (4,341)
Dividends on preferred stock — redeemable —(3) (4)
Net loss applicable to common stock $ (1,370) $ (970) $ (4,345)
Loss Per Common Share, basic and diluted:
Loss from continuing operations before cumulative effect of accounting change $ (4.78) $ (3.24) $ (11.47)
Net loss $ (4.13) $ (3.13) $ (14.47)
Weighted average common shares outstanding, basic and diluted 331,941,788 310,209,047 300,341,877
The accompanying notes are an integral part of these consolidated financial statements.
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