Charter 2010 Annual Report Download - page 126

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F- F-PB
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2010, 2009, AND 2008
(dollars in millions, except share or per share data or where indicated)
In January 2010, the FASB issued guidance included in ASU 2010-06, Fair Value Measurements and Disclosures – Improving Disclosures
about Fair Value Measurements (“ASU 2010-06”). ASU 2010-06 provides amendments to Topic 820 to provide more robust fair value
disclosures. e disclosures about purchases, sales, issuances and settlements relating to Level 3 measurements is effective for fiscal years
beginning after December 15, 2010 and all interim periods within. e Company adopted ASU 2010-06 on January 1, 2011. e adoption
did not have a material impact on its consolidated financial statements.
 
e following table presents quarterly data for the periods presented on the consolidated statement of operations:
Year Ended December 31, 2010
Successor
First Second ird Fourth
Quarter Quarter Quarter Quarter
Revenues $ 1,735 $ 1,771 $ 1,769 $ 1,784
Income from operations $ 251 $ 254 $ 240 $ 279
Net income (loss) – Charter
shareholders $ 24 $ (81) $ (95) $ (85)
Earnings (loss) per common share –
Charter shareholders:
Basic $ 0.21 $ (0.72) $ (0.84) $ (0.75)
Diluted $ 0.21 $ (0.72) $ (0.84) $ (0.75)
Weighted average common shares
outstanding:
Basic 113,020,967 113,110,882 113,110,889 113,308,253
Diluted 114,883,134 113,110,882 113,110,889 113,308,253
Year Ended December 31, 2009
Predecessor Successor
First
Quarter
Second
Quarter
ird
Quarter
Two Months
Ended
November 30, 2009
One Month
Ended
December 31, 2009
Revenues $ 1,662 $ 1,690 $ 1,693 $ 1,138 $ 572
Income (loss) from operations $ 334 $ 301 $ (2,591) $ 893 $ 84
Net income (loss) – Charter
shareholders
$ (205) $ (112) $ (1,035) $ 12,716 $ 2
Earnings (loss) per common share –
Charter shareholders:
Basic $ (0.54) $ (0.30) $ (2.73) $ 33.55 $ 0.02
Diluted $ (0.54) $ (0.30) $ (2.73) $ 14.09 $ 0.02
Weighted average common shares
outstanding:
Basic 378,095,547 378,982,037 379,066,320 379,080,041 112,078,089
Diluted 378,095,547 378,982,037 379,066,320 902,362,926 114,346,861