Charter 2010 Annual Report Download - page 133
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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)
Charter
Intermediate
Holding
Companies CCH II
CCO
Holdings
Charter
Operating
and
Subsidiaries Eliminations
Charter
Consolidated
REVENUES $ 21 $ 166 $ -- $ -- $ 6,479 $ (187) $ 6,479
COSTS AND EXPENSES:
Operating (excluding depreciation and amortization) -- -- --
-- 2,807 -- 2,807
Selling, general and administrative 21 166 -- -- 1,386 (187) 1,386
Depreciation and amortization -- -- -- -- 1,310 -- 1,310
Impairment of franchises -- -- -- -- 1,521 -- 1,521
Other operating expenses, net -- -- -- -- 69 -- 69
21 166 -- -- 7,093 (187) 7,093
Operating loss -- -- -- -- (614) -- (614)
OTHER INCOME AND (EXPENSES):
Interest expense, net -- (841) (246) (74) (744) -- (1,905)
Change in value of derivatives -- 33 -- -- (62) -- (29)
Gain (loss) on extinguishment of debt -- 8 (4) -- -- -- 4
Other expense, net -- -- -- -- (6) -- (6)
Equity in losses of subsidiaries (2,514) (1,723) (1,473) (1,399) -- 7,109 --
(2,514) (2,523) (1,723) (1,473) (812) 7,109 (1,936)
Loss before income taxes (2,514) (2,523) (1,723) (1,473) (1,426) 7,109 (2,550)
INCOME TAX BENEFIT 63 -- -- -- 40 -- 103
Consolidated net loss (2,451) (2,523) (1,723) (1,473) (1,386) 7,109 (2,447)
Less: Net (income) loss – noncontrolling interest -- 9 -- -- (13) -- (4)
Net loss $ (2,451) $ (2,514) $ (1,723) $ (1,473) $ (1,399) $ 7,109 $ (2,451)