Charter 2009 Annual Report Download - page 59

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CCH II, LLC AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2009, 2008, AND 2007
(dollars in millions, except where indicated)
F-11
CCH II, LLC AND SUBSIDIARIES
REORGANIZED CONDENSED CONSOLIDATED BALANCE SHEET
November 30, 2009
Reorganization
Fresh Start
Predecessor Adjustments (1) Adjustments Successor
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1,034 $ (588) (2) $ -- $ 446
Restricted cash and cash equivalents -- 26 (2) -- 26
Accounts receivable, less allowance for doubtful accounts 272 -- -- 272
Prepaid expenses and other current assets 47 -- -- 47
Total current assets 1,353 (562) -- 791
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net of
accumulated depreciation 4,788 --
1,996
(10) 6,784
Franchises, net 5,210 -- 62 (10) 5,272
Customer relationships, net 8 -- 2,355 (10) 2,363
Goodwill 68 -- 883 (10) 951
Total investment in cable properties, net 10,074 -- 5,296 15,370
OTHER NONCURRENT ASSETS 128 -- (91) (10) 37
Total assets $ 11,555 $ (562) $ 5,205 $ 16,198
LIABILITIES AND MEMBER’S EQUITY (DEFICIT)
LIABILITIES NOT SUBJECT TO COMPROMISE:
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 1,287 $ (579) (3) $ (1) (10) $ 707
Payables to related party 246 2 (12) (10) 236
Current portion of long-term debt 11,741 (11,671) (4) -- 70
Total current liabilities 13,274 (12,248) (13) 1,013
LONG-TERM DEBT -- 13,765 (4) (502) (10) 13,263
LOANS PAYABLE – RELATED PARTY 13 -- -- 13
OTHER LONG-TERM LIABILITIES 177 36 (5) 66 (10) 279
LIABILITIES SUBJECT TO COMPROMISE
(INCLUDING AMOUNTS DUE TO RELATED
PARTY OF $25) 2,863 (2,863) (6) -- --
TEMPORARY EQUITY 195 (195) (7) -- --
MEMBER’ S EQUITY (DEFICIT):
Member’ s equity (deficit) (5,171) 877 (9) 5,702 (11) 1,408 (8)
Accumulated other comprehensive loss (251) -- 251 (12) --
Total CCH II member’ s equity (deficit) (5,422) 877 5,953 1,408
Noncontrolling interest 455 66 (7) (299) (11) 222
Total member’ s equity (deficit) (4,967) 943 5,654 1,630
Total liabilities and member’ s equity (deficit) $ 11,555 $ (562) $ 5,205 $ 16,198