Charter 2007 Annual Report Download - page 81

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Consolidated Balance Sheets
(Dollars in millions, except share data) 2007 2006
December 31,
ASSETS
Current Assets:
Cash and cash equivalents $75$60
Accounts receivable, less allowance for doubtful accounts of $18 and $16, respectively 225 195
Prepaid expenses and other current assets 36 84
Total current assets 336 339
Investment in Cable Properties:
Property, plant and equipment, net of accumulated depreciation of $6,462 and $5,775, respectively 5,103 5,217
Franchises, net 8,942 9,223
Total investment in cable properties, net 14,045 14,440
Other Noncurrent Assets 285 321
Total assets $ 14,666 $ 15,100
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued expenses $ 1,332 $ 1,298
Total current liabilities 1,332 1,298
Long-Term Debt 19,908 19,062
Note Payable – Related Party 65 57
Deferred Management Fees – Related Party 14 14
Other Long-Term Liabilities 1,035 692
Minority Interest 199 192
Preferred Stock – Redeemable; $.001 par value; 1 million shares authorized; 36,713 shares issued and outstanding,
respectively 54
Shareholders’ Deficit:
Class A Common stock; $.001 par value; 10.5 billion shares authorized; 398,226,468 and 407,994,585 shares
issued and outstanding, respectively ——
Class B Common stock; $.001 par value; 4.5 billion shares authorized; 50,000 shares issued and outstanding ——
Preferred stock; $.001 par value; 250 million shares authorized; no non-redeemable shares issued and
outstanding ——
Additional paid-in capital 5,327 5,313
Accumulated deficit (13,096) (11,536)
Accumulated other comprehensive income (loss) (123) 4
Total shareholders’ deficit (7,892) (6,219)
Total liabilities and shareholders’ deficit $ 14,666 $ 15,100
The accompanying notes are an integral part of these consolidated financial statements.
F-3
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2007 FORM 10-K