Charter 2009 Annual Report Download - page 60

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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-12
Explanatory Notes
(1) Represents amounts recorded on the Effective Date for the implementation of the Plan, including the settlement
of liabilities subject to compromise and related payments, the issuance of new debt and repayment of old debt,
distributions of cash and the cancellation of Predecessor’ s membership units.
(2) Cash effects of the Plan:
Contribution from parent $ 51
Payment of Charter Operating interest rate swap termination liability (495)
Payment to CII (25)
Payment of accrued interest on reinstated debt (93)
Escrow amounts reclassed to restricted cash (26)
Net change in cash and cash equivalents $ (588)
This entry records contributions from the Company’ s parent company and the payment of certain bankruptcy
obligations on November 30, 2009. Cash of $26 million reclassified to restricted cash represents amounts held
in escrow accounts pending final resolution from the Bankruptcy Court.
(3) Represents payment of the Charter Operating interest rate swap termination liability and accrued interest on
reinstated debt and the reclassification of $9 million of certain other liabilities previously classified as subject to
compromise.
(4) Represents the reclassification of $11.7 billion of debt from current to long-term as part of the reinstatement of
the debt and new CCH II notes issued in connection with the following:
Principal
Amount
Fair Value
New CCH II notes issued in exchange for old CCH II notes and accrued interest $ 1,681 $ 1,993
New CCH II notes issued to CCH I noteholders
(subsequently transferred to Mr. Allen) 85
101
New CCH II notes issued $ 1,766 $ 2,094
(5) Represents the reclassification of $36 million of other long-term liabilities previously classified as subject to
compromise.
(6) Represents the disposition of liabilities subject to compromise paid or reinstated at emergence:
Accrued interest ($136 paid, $214 exchanged) $ 350
Other accrued expenses (reinstated) 45
Deferred management fees—related party (paid) 25
CCH II notes repaid 976
CCH II notes exchanged 1,467
$ 2,863
(7) Represents the transfer of Mr. Allen’ s preferred equity interest in CC VIII to noncontrolling interest at fair
value.