Charter 2007 Annual Report Download - page 84

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Consolidated Statements of Cash Flows
(Dollars in millions) 2007 2006 2005
Year Ended December 31,
Cash Flows From Operating Activities:
Net loss $(1,616) $(1,370) $ (967)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization 1,328 1,362 1,499
Impairment of franchises 178 — —
Asset impairment charges 56 159 39
Noncash interest expense 40 128 283
Change in value of derivatives (52) 4 (79)
Deferred income taxes 198 202 109
Gain (loss) on sale of assets, net (3) (192) 6
(Gain) loss on extinguishment of debt and preferred stock 136 (101) (527)
Other, net 2410
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Accounts receivable (36) 24 (29)
Prepaid expenses and other assets 45 55 97
Accounts payable, accrued expenses and other 51 48 (181)
Net cash flows from operating activities 327 323 260
Cash Flows From Investing Activities:
Purchases of property, plant and equipment (1,244) (1,103) (1,088)
Change in accrued expenses related to capital expenditures (2) 24 8
Proceeds from sale of assets, including cable systems 104 1,020 44
Other, net 4(6) 11
Net cash flows from investing activities (1,138) (65) (1,025)
Cash Flows From Financing Activities:
Borrowings of long-term debt 7,877 6,322 1,207
Repayments of long-term debt (7,017) (6,938) (1,239)
Proceeds from issuance of debt —440 294
Payments for debt issuance costs (42) (44) (70)
Redemption of preferred stock ——(56)
Other, net 81—
Net cash flows from financing activities 826 (219) 136
Net Increase (Decrease) in Cash and Cash Equivalents 15 39 (629)
Cash and Cash Equivalents, beginning of period 60 21 650
Cash and Cash Equivalents, end of period $ 75 $60$21
Cash Paid for Interest $ 1,792 $ 1,671 $ 1,526
Noncash Transactions:
Cumulative adjustment to Accumulated Deficit for the adoption of FIN 48 $56$—$—
Issuance of Charter 6.50% convertible notes $ 479 $—$—
Issuances of Charter Class A common stock $—$68$—
Issuance of debt by CCH I Holdings, LLC $—$—$ 2,423
Issuance of debt by CCH I, LLC $—$ 419 $ 3,686
Issuance of debt by CCH II, LLC $—$ 410 $ —
Issuance of debt by Charter Communications Operating, LLC $—$ 37 $ 333
Retirement of Charter 5.875% convertible notes $ (364) $ (255) $ —
Retirement of Charter Communications Holdings, LLC debt $—$ (796) $(7,000)
Retirement of Renaissance Media Group LLC debt $—$(37)$ —
Issuance of Charter Class A common stock in Securities Class Action Settlement $—$—$15
CC VIII, LLC Settlement – exchange of interests $—$—$ 418
The accompanying notes are an integral part of these consolidated financial statements.
F-6
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES 2007 FORM 10-K