Charter 2009 Annual Report Download - page 54

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The accompanying notes are an integral part of these consolidated financial statements.
F-6
CCH II, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) – CCH II member $ 6 $ 2,666 $ (1,723) $ (588)
Adjustments to reconcile net income (loss) to net cash flows
from operating activities:
Depreciation and amortization 122 1,194 1,310 1,328
Impairment of franchises -- 2,163 1,521 178
Asset impairment charges -- -- -- 56
Noncash interest expense 5 31 30 23
Change in value of derivatives -- 4 62 46
Loss due to effects of Plan -- 353 -- --
Gain due to fresh start accounting adjustments -- (5,501) -- --
Noncash reorganizations items, net -- 114 -- --
Deferred income taxes 3 32 (47) 12
Noncontrolling interest 3 (26) 13 22
Other, net -- 32 52 16
Changes in operating assets and liabilities, net of effects from
acquisitions and dispositions:
Accounts receivable 26 (52) (1) (33)
Prepaid expenses and other assets 2 (24) -- (5)
Accounts payable, accrued expenses and other 46 (385) (21) 29
Receivables from and payables to related party, including
deferred management fees
(18) (39) 22 38
Net cash flows from operating activities 195 562 1,218 1,122
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment (108) (1,026) (1,202) (1,244)
Change in accrued expenses related to capital expenditures -- (10) (39) (2)
Other, net (3) (7) 31 73
Net cash flows from investing activities (111) (1,043) (1,210) (1,173)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt -- -- 3,105 7,877
Repayments of long-term debt (17) (53) (1,179) (6,628)
Repayments to related parties -- -- (115) --
Payments for debt issuance costs -- -- (42) (33)
Contributions -- 51 -- --
Distributions -- -- (819) (1,195)
Other, net -- 2 (12) 5
Net cash flows from financing activities (17) -- 938 26
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS
67
(481)
946
(25)
CASH AND CASH EQUIVALENTS, beginning of period 472 953 7 32
CASH AND CASH EQUIVALENTS, end of period $ 539 $ 472 $ 953 $ 7
CASH PAID FOR INTEREST $ 4 $ 887 $ 1,027 $ 980
Noncash contributions from parent company related to
exchange of CCH II notes
$ --
$ 1,151
$ --
$ --
Distribution of new CCH II notes to CCH I $ -- $ ( 101) $ -- $ --