Charter 2007 Annual Report Download - page 112

Download and view the complete annual report

Please find page 112 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

CONDENSED STATEMENTS OF CASH FLOWS
2007 2006 2005
Year Ended December 31,
Cash Flows from Operating Activities:
Net loss after preferred dividends $(1,616) $(1,370) $(970)
Equity in losses of Charter Holdco 1,443 1,168 865
Changes in operating assets and liabilities —1—
Deferred income taxes 172 202 105
Net cash flows from operating activities (1) 1—
Cash Flows from Investing Activities:
Payments from Charter Holdco —20 132
Investment in Charter Holdco (4) (1) —
Net cash flows from investing activities (4) 19 132
Cash Flows from Financing Activities
Paydown of convertible notes —(20) (132)
Net proceeds from issuance of common stock 41—
Net cash flows from financing activities 4(19) (132)
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 $ — $1$—
28. UNAUDITED QUARTERLY FINANCIAL DATA
The following table presents quarterly data for the periods presented on the consolidated statement of operations:
First Quarter Second Quarter Third Quarter Fourth Quarter
Year Ended December 31, 2007
Revenues $ 1,425 $ 1,499 $ 1,525 $ 1,553
Operating income from continuing operations $ 156 $ 200 $ 107 $ 85
Loss from continuing operations $ (381) $ (360) $ (407) $ (468)
Net loss applicable to common stock $ (381) $ (360) $ (407) $ (468)
Basic and diluted net loss per common share $ (1.04) $ (0.98) $ (1.10) $ (1.27)
Weighted-average shares outstanding, basic and diluted 366,120,096 367,582,677 369,239,742 369,916,556
F-34
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2007 FORM 10-K
Notes to Consolidated Financial Statements (continued)