Charter 2009 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2009 Charter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

The accompanying notes are an integral part of these consolidated financial statements.
F-4
CCH II, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in millions)
Year Ended December 31, 2009
Successor Predecessor
One Month
Ended
December 31,
Eleven Months
Ended
November 30,
Predecessor
Year Ended December 31,
2009 2009 2008 2007
REVENUES
$ 572
$ 6,183 $ 6,479 $ 6,002
COSTS AND EXPENSES:
Operating (excluding depreciation and
amortization)
244
2,651 2,792 2,620
Selling, general and administrative 118
1,276 1,401 1,289
Depreciation and amortization 122
1,194 1,310 1,328
Impairment of franchises --
2,163
1,521
178
Asset impairment charges --
--
--
56
Other operating (income) expenses, net 4
(38)
69
(17)
488
7,246 7,093 5,454
Income (loss) from operations 84
(1,063) (614) 548
OTHER INCOME AND EXPENSES:
Interest expense, net (68)
(816)
(1,064)
(1,014)
Change in value of derivatives --
(4)
(62)
(46)
Loss due to Plan effects --
(353)
-- --
Gain due to fresh start accounting adjustments --
5,501
-- --
Reorganization items, net (3)
(588)
-- --
Other income (expense), net --
2 (10) (34)
(71)
3,742 (1,136) (1,094)
Income (loss) before income taxes 13
2,679 (1,750) (546)
Income tax benefit (expense) (4)
(39) 40 (20)
Consolidated net income (loss) 9
2,640 (1,710) (566)
Less: Net (income) loss – noncontrolling interest (3)
26 (13) (22)
Net income (loss) – CCH II member $ 6
$ 2,666 $ (1,723) $ (588)