Charter 2007 Annual Report Download - page 83

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Consolidated Statements of Changes in Shareholders’ Deficit
(Dollars in millions)
Class A
Common
Stock
Class B
Common
Stock
Additional
Paid-In
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Income (Loss)
Total
Shareholders’
Deficit
Balance, December 31, 2004 $$$4,794 $ (9,196) $ (4) $(4,406)
Changes in fair value of interest rate agreements and other —— — 99
Option compensation expense, net —— 14 —— 14
Issuance of shares in Securities Class Action settlement —— 15 —— 15
CC VIII, LLC settlement – exchange of interests —— 418 —— 418
Dividends on preferred stock – redeemable —— — (3) (3)
Net loss —— (967) (967)
Balance, December 31, 2005 5,241 (10,166) 5 (4,920)
Changes in fair value of interest rate agreements —— — (1) (1)
Option compensation expense, net —— 6—— 6
Issuance of common stock in exchange for convertible notes —— 66 —— 66
Net loss —— —(1,370) (1,370)
Balance, December 31, 2006 5,313 (11,536) 4 (6,219)
Changes in fair value of interest rate agreements —— — (123) (123)
Option compensation expense, net —— 12 —— 12
Cumulative adjustment to Accumulated Deficit for the adoption of
FIN 48 —— — 56 56
Other —— 2(4) (2)
Net loss —— —(1,616) (1,616)
Balance, December 31, 2007 $$$5,327 $(13,096) $(123) $(7,892)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2007 FORM 10-K