Charter 2010 Annual Report Download - page 136

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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
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income $ 11,364 $ 9,964 $ 2,666 $ 3,288 $ 3,327 $ (20,510) $ 10,099
Adjustments to reconcile net income to net cash flows from
operating activities:
Depreciation and amortization -- -- -- -- 1,194 -- 1,194
Impairment of franchises -- -- -- -- 2,163 -- 2,163
Noncash interest expense -- 11 9 2 20 -- 42
Change in value of derivatives -- -- -- -- 4 -- 4
(Gain) loss due to effects of Plan 229 (7,400) 351 -- 2 -- (6,818)
Gain due to fresh start accounting adjustments -- (158) -- (25) (5,476) -- (5,659)
Noncash reorganization items, net -- 56 (8) -- 122 -- 170
Deferred income taxes (390) -- -- -- 32 -- (358)
Equity in income of subsidiaries (11,203) (2,666) (3,288) (3,353) -- 20,510 --
Other, net -- (1) -- 1 31 -- 31
Changes in operating assets and liabilities, net of effects from
acquisitions and dispositions:
Accounts receivable -- -- -- -- (52) -- (52)
Prepaid expenses and other assets -- (12) -- -- (24) -- (36)
Accounts payable, accrued expenses and other (18) 195 279 (6) (658) (136) (344)
Receivables from and payables to related party, including
deferred management fees -- 14 (8) (10) (21) -- (25)
Net cash flows from operating activities (18) 3 1 (103) 664 (136) 411
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment -- -- -- -- (1,026) -- (1,026)
Change in accrued expenses related to capital expenditures -- -- -- -- (10) -- (10)
Purchase of CC VIII interest (150) -- -- -- -- -- (150)
Purchase of CCH II notes and accrued interest (1,112) -- -- -- -- 1,112 --
Investment in subsidiaries (71) (255) (51) (25) -- 402 --
Payments from subsidiaries 19 -- -- 75 -- (94) --
Other, net -- -- -- -- (7) -- (7)
Net cash flows from investing activities (1,314) (255) (51) 50 (1,043) 1,420 (1,193)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Rights Offering 1,614 -- -- -- -- -- 1,614
Repayments of long-term debt (25) -- -- -- (53) (976) (1,054)
Repayments to parent companies -- (19) -- -- (75) 94 --
Payments for debt issuance costs (39) -- -- -- -- -- (39)
Contributions from parent -- 275 51 51 25 (402) --
Other, net -- (2) -- -- 2 -- --
Net cash flows from financing activities 1,550 254 51 51 (101) (1,284) 521
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS 218 2 1 (2) (480) -- (261)
CASH AND CASH EQUIVALENTS, beginning of period -- 7 5 2 946 -- 960
CASH AND CASH EQUIVALENTS, end of period $ 218 $ 9 $ 6 $ -- $ 466 $ -- $ 699