Charter 2007 Annual Report Download - page 4

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2
LETTER TO STOCKHOLDERS
10.7% 11.1% 11.3% 10.6%
1Q 2Q 3Q 4Q
Revenue Growth
Charter achieved double-digit pro forma growth in both revenue and adjusted
EBITDA in each quarter of 2007.
2006
2007
$1,600
$1,200
$ 800
$ 400
$ 0
13.6%
11.0%
10.4%
12.6%
1Q 2Q 3Q 4Q
Adjusted EBITDA Growth
2006
2007
$ 600
$ 400
$ 200
$ 0
Operational Execution and Financial Discipline
Continued focus on the Bundle and operating
efficiencies drove 11% revenue growth and 13%
adjusted EBITDA growth for 2007 on a pro forma(1)
basis. In each of the four quarters of the year, we
delivered double-digit revenue and adjusted EBITDA
growth, reflecting our goal to achieve consistent
results. Revenue generating units (RGUs) increased
by 836,000 in the year, a 15% increase over RGU
net additions in 2006. Our efforts to balance rate
and volume led to a total average revenue per
customer (total ARPU) increase of 13% over 2006.
These results demonstrate the momentum in
Charter’s performance.
As we manage the business with the goal of
sustainable growth, we invest in the initiatives
that generate the highest projected returns. In 2007,
we made disciplined capital and operating invest-
ments across many areas of our business. Capital
expenditures were approximately $1.2 billion, about
75% of which supported revenue-generating
In each of the four quarters
of the year, we delivered
double-digit revenue and
adjusted EBITDA growth,
reflecting our goal to
achieve consistent results.