Charter 2009 Annual Report Download - page 90

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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-42
Condensed Statement of Operations
Successor Predecessor
One Month
Ended
December 31,
Eleven Months
Ended
November 30,
Year Ended
December 31,
2009 2009 2008 2007
Interest expense $ (16) $ (233) $ (246) $ (238)
Loss due to Plan effects -- (351) -- --
Reorganization items, net -- (38) -- --
Other, net -- -- (4) --
Equity in earnings (losses) of subsidiaries 22 3,288 (1,473) (350)
N
et income (loss) $ 6 $ 2,666 $ (1,723) $ (588)
Condensed Statements of Cash Flows
Successor Predecessor
One Month
Ended
December 31,
Eleven Months
Ended
November 30,
Year Ended
December 31,
2009 2009 2008 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ 6 $ 2,666 $ (1,723) $ (588)
Noncash interest expense (5) 9 8 6
Loss due to effects of Plan -- 351 -- --
Noncash reorganization items, net -- (8) -- --
Equity in (earnings) losses of subsidiaries (22) (3,288) 1,473 350
Changes in operating assets and liabilities 21 271 (11) (19)
Other, net -- -- 4 --
Net cash flows from operating activities -- 1 (249) (251)
CASH FLOWS FROM INVESTING ACTIVITIES:
Distributions from subsidiaries -- -- 1,072 1,447
Investment in subsidiaries -- (51) -- --
Net cash flows from investing activities -- (51) 1,072 1,447
CASH FLOWS FROM FINANCING ACTIVITIES
Distributions to parent companies -- -- (836) (1,195)
Contributions from parent -- 51 17 --
Payments for debt issuance costs -- -- (4) --
Net cash flows from financing activities -- 51 (823) (1,195)
N
ET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS
--
1 -- 1
CASH AND CASH EQUIVALENTS, beginning of year 6 5 5 4
CASH AND CASH EQUIVALENTS, end of year $ 6 $ 6 $ 5 $ 5