Charter 2007 Annual Report Download - page 82
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Consolidated Statements of Operations
(Dollars in millions, except per share and share data) 2007 2006 2005
Year Ended December 31,
Revenues $ 6,002 $ 5,504 $ 5,033
Costs and Expenses:
Operating (excluding depreciation and amortization) 2,620 2,438 2,203
Selling, general and administrative 1,289 1,165 1,012
Depreciation and amortization 1,328 1,354 1,443
Impairment of franchises 178 — —
Asset impairment charges 56 159 39
Other operating (income) expenses, net (17) 21 32
5,454 5,137 4,729
Operating income from continuing operations 548 367 304
Other Income and Expenses:
Interest expense, net (1,851) (1,877) (1,818)
Change in value of derivatives 52 (4) 79
Gain (loss) on extinguishment of debt and preferred stock (148) 101 521
Other income (expense), net (8) 14 23
(1,955) (1,766) (1,195)
Loss from continuing operations, before income tax expense (1,407) (1,399) (891)
Income Tax Expense (209) (187) (112)
Loss from continuing operations (1,616) (1,586) (1,003)
Income from Discontinued Operations, Net of Tax — 216 36
Net loss (1,616) (1,370) (967)
Dividends on preferred stock – redeemable —— (3)
Net loss applicable to common stock $ (1,616) $ (1,370) $ (970)
Loss Per Common Share, basic and diluted:
Loss from continuing operations $ ($4.39) $ (4.78) $ (3.24)
Net loss $ ($4.39) $ (4.13) $ (3.13)
Weighted average common shares outstanding, basic and diluted 368,240,608 331,941,788 310,209,047
The accompanying notes are an integral part of these consolidated financial statements.
F-4
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2007 FORM 10-K