Charter 2006 Annual Report Download - page 88

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2006 FORM 10-K
Consolidated Statements of Cash Flows
Year Ended December 31,
(Dollars in millions) 2006 2005 2004
Cash Flows From Operating Activities:
Net loss $ (1,370) $ (967) $(4,341)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization 1,362 1,499 1,495
Impairment of franchises ——2,433
Asset impairment charges 159 39 —
Noncash interest expense 138 254 324
Deferred income taxes 202 109 (109)
Gain (loss) on sale of assets, net (192) 6 (86)
(Gain) loss on extinguishment of debt and preferred stock (101) (527) 20
Cumulative effect of accounting change, net of tax ——765
Other, net (2) (40) 39
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable 24 (29) (7)
Prepaid expenses and other assets 55 97 (2)
Accounts payable, accrued expenses and other 48 (181) (59)
Net cash flows from operating activities 323 260 472
Cash Flows From Investing Activities:
Purchases of property, plant and equipment (1,103) (1,088) (924)
Change in accrued expenses related to capital expenditures 24 8 (43)
Proceeds from sale of assets 1,020 44 744
Purchase of cable system (42) — —
Purchases of investments —(3) (17)
Proceeds from investments 37 17 —
Other, net (1) (3) (3)
Net cash flows from investing activities (65) (1,025) (243)
Cash Flows From Financing Activities:
Borrowings of long-term debt 6,322 1,207 3,148
Repayments of long-term debt (6,938) (1,239) (5,448)
Proceeds from issuance of debt 440 294 2,882
Payments for debt issuance costs (44) (70) (145)
Redemption of preferred stock —(56) —
Purchase of pledge securities ——(143)
Other, net 1——
Net cash flows from financing activities (219) 136 294
Net Increase (Decrease) in Cash and Cash Equivalents 39 (629) 523
Cash and Cash Equivalents, beginning of period 21 650 127
Cash and Cash Equivalents, end of period $ 60 $ 21 $ 650
Cash Paid for Interest $ 1,671 $ 1,526 $ 1,302
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