Charter 2009 Annual Report Download - page 51

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The accompanying notes are an integral part of these consolidated financial statements.
F-3
CCH II, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in millions)
Successor Predecessor
December 31,
2009
December 31,
2008
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 512 $ 953
Restricted cash and cash equivalents 27 --
Accounts receivable, less allowance for doubtful accounts of
$11 and $18, respectively 247 221
Prepaid expenses and other current assets 45 23
Total current assets 831 1,197
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of accumulated
depreciation of $94 and $7,191, respectively 6,797 4,959
Franchises, net 5,272 7,384
Customer relationships, net 2,335 9
Goodwill 951 68
Total investment in cable properties, net 15,355 12,420
OTHER NONCURRENT ASSETS 38 147
Total assets $ 16,224 $ 13,764
LIABILITIES AND MEMBER’S EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 756 $ 980
Payables to related party 219 232
Current portion of long-term debt 70 70
Total current liabilities 1,045 1,282
LONG-TERM DEBT 13,252 14,174
LOANS PAYABLE – RELATED PARTY 13 13
DEFERRED MANAGEMENT FEES – RELATED PARTY -- 14
OTHER LONG-TERM LIABILITIES 275 695
TEMPORARY EQUITY -- 203
MEMBER’ S EQUITY (DEFICIT):
Accumulated other comprehensive loss -- (303)
Member’ s equity (deficit) 1,414 (2,787)
Total CCH II member’ s equity (deficit) 1,414 (3,090)
Noncontrolling interest 225 473
Total member’ s equity (deficit) 1,639 (2,617)
Total liabilities and member’ s equity (deficit) $ 16,224 $ 13,764