Charter 2007 Annual Report Download - page 115

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115
2007 pro forma (1) 1Q 2Q 3Q 4Q 2007
Revenues $1,416 $1,490 $1,517 $1,548 $ 5,971
Less: Operating costs and expenses
Operating 625 643 674 660 2,602
Selling, general and administrative 297 311 335 325 1,268
Operating costs and expenses 922 954 1,009 985 3,870
Adjusted EBITDA 494 536 508 563 2,101
Less: Interest on cash pay obligations 453 452 449 457 1,811
Less: Purchases of property, plant, and equipment 298 281 311 354 1,244
Less: Change in accrued expenses related to capital expenditures 32 7 12 (49) 2
Less: Other, net 2 18 6 7 33
Less: Change in operating assets and liabilities (225) 218 (154) 101 (60)
Free cash flow (66) (440) (116) (307) (929)
Purchases of property, plant, and equipment 298 281 311 354 1,244
Change in accrued expenses related to capital expenditures 32 7 12 (49) 2
Net cash flows from operating activities 264 (152) 207 (2) 317
2006 pro forma (1) 1Q 2Q 3Q 4Q 2006
Revenues $1,279 $1,341 $1,363 $1,400 $ 5,383
Less: Operating costs and expenses
Operating 581 589 601 600 2,371
Selling, general and administrative 263 269 302 300 1,134
Operating costs and expenses 844 858 903 900 3,505
Adjusted EBITDA 435 483 460 500 1,878
Less: Interest on cash pay obligations 406 424 445 448 1,723
Less: Purchases of property, plant, and equipment 233 290 254 308 1,085
Less: Change in accrued expenses related to capital expenditures 7 2 (13) (20) (24)
Less: Other, net 5 9 3 (2) 15
Less: Change in operating assets and liabilities (159) 74 (124) 82 (127)
Free cash flow (57) (316) (105) (316) (794)
Purchases of property, plant, and equipment 233 290 254 308 1,085
Change in accrued expenses related to capital expenditures 7 2 (13) (20) (24)
Net cash flows from operating activities 183 (24) 136 (28) 267
Unaudited Reconciliation of Non-GAAP Measures
to GAAP Measures (dollars in millions)
(1)
Pro forma results reflect certain sales and acquisition of cable systems in 2006 and 2007 as if they occurred as of January 1, 2006 for all periods presented.
CHARTER COMMUNICATIONS, INC.