Charter 2010 Annual Report Download - page 89

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                                         
F- F-PB


(dollars in millions, except per share and share data)
Successor Predecessor
Year Ended
December 31,
2010
One Month
Ended
December 31,
2009
Eleven Months
Ended
November 30,
2009
Year Ended
December 31,
2008
REVENUES $ 7,059 $ 572 $ 6,183 $ 6,479
COSTS AND EXPENSES:
Operating (excluding depreciation and amortization) 3,064 246 2,663 2,807
Selling, general and administrative 1,422 116 1,264 1,386
Depreciation and amortization 1,524 122 1,194 1,310
Impairment of franchises -- -- 2,163 1,521
Other operating (income) expenses, net 25 4 (38) 69
6,035 488 7,246 7,093
Income (loss) from operations 1,024 84 (1,063) (614)
OTHER INCOME AND EXPENSES:
Interest expense, net (excluding unrecorded interest
expense of $558 for the eleven months ended
November 30, 2009) (877) (68) (1,020) (1,905)
Gain due to Plan effects -- -- 6,818 --
Gain due to fresh start accounting adjustments -- -- 5,659 --
Reorganization items, net (6) (3)
(644) --
Gain (loss) on extinguishment of debt (85) -- -- 4
Change in value of derivatives -- -- (4) (29)
Other income (expense), net 2 (3) 2 (6)
(966) (74) 10,811 (1,936)
Income (loss) before income taxes 58 10 9,748 (2,550)
Income tax benefit (expense) (295) (8) 351 103
Consolidated net income (loss) (237) 2 10,099 (2,447)
Less: Net (income) loss – noncontrolling interest -- -- 1,265 (4)
Net income (loss) – Charter shareholders $ (237) $ 2 $11,364 $ (2,451)
EARNINGS (LOSS) PER COMMON SHARE –
CHARTER SHAREHOLDERS:
Basic $ (2.09) $ 0.02 $ 30.00 $ (6.56)
Diluted $ (2.09) $ 0.02 $ 12.61 $ (6.56)
Weighted average common shares outstanding, basic 113,138,461 112,078,089 378,784,231 373,464,920
Weighted average common shares outstanding, diluted 113,138,461 114,346,861 902,067,116 373,464,920
