Charter 2007 Annual Report Download - page 11

Download and view the complete annual report

Please find page 11 of the 2007 Charter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This annual report includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”) and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”),
regarding, among other things, our plans, strategies and pros-
pects, both business and financial, including, without limitation,
the forward-looking statements set forth in Part I. Item 1. under
the heading “Business — Company Focus,” and in Part II. Item 7.
under the heading “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in this annual
report. Although we believe that our plans, intentions and
expectations reflected in or suggested by these forward-looking
statements are reasonable, we cannot assure you that we will
achieve or realize these plans, intentions or expectations. For-
ward-looking statements are inherently subject to risks, uncer-
tainties and assumptions, including, without limitation, the
factors described in Part I. Item 1A. under the heading “Risk
Factors” and in Part II. Item 7. under the heading “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in this annual report. Many of the forward-looking
statements contained in this annual report may be identified by
the use of forward-looking words such as “believe,” “expect,”
“anticipate,” “should,” “planned,” “will,” “may,” “intend,” “esti-
mated,” “aim,” “on track,” “target,” “opportunity” and “potential,”
among others. Important factors that could cause actual results
to differ materially from the forward-looking statements we make
in this annual report are set forth in this annual report and in
other reports or documents that we file from time to time with
the SEC, and include, but are not limited to:
kthe availability, in general, of funds to meet interest payment
obligations under our debt and to fund our operations and
necessary capital expenditures, either through cash flows
from operating activities, further borrowings or other
sources and, in particular, our ability to fund debt obligations
(by dividend, investment or otherwise) to the applicable
obligor of such debt;
kour ability to comply with all covenants in our indentures
and credit facilities, any violation of which, if not cured in a
timely manner, could trigger a default of our other obliga-
tions under cross-default provisions;
kour ability to pay or refinance debt prior to or when it
becomes due and/or refinance that debt through new
issuances, exchange offers or otherwise, including restructur-
ing our balance sheet and leverage position;
kthe impact of competition from other distributors, including
incumbent telephone companies, direct broadcast satellite
operators, wireless broadband providers, and digital sub-
scriber line (“DSL”) providers;
kdifficulties in growing, further introducing, and operating our
telephone services, while adequately meeting customer
expectations for the reliability of voice services;
kour ability to adequately meet demand for installations and
customer service;
kour ability to sustain and grow revenues and cash flows
from operating activities by offering video, high-speed Inter-
net, telephone and other services, and to maintain and grow
our customer base, particularly in the face of increasingly
aggressive competition;
kour ability to obtain programming at reasonable prices or to
adequately raise prices to offset the effects of higher pro-
gramming costs;
kgeneral business conditions, economic uncertainty or slow-
down, including the recent significant slowdown in the new
housing sector and overall economy; and
kthe effects of governmental regulation on our business.
All forward-looking statements attributable to us or any
person acting on our behalf are expressly qualified in their
entirety by this cautionary statement. We are under no duty or
obligation to update any of the forward-looking statements after
the date of this annual report.
ii
CHARTER COMMUNICATIONS, INC. 2007 FORM 10-K