Charter 2010 Annual Report Download - page 91

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                                         
F- F-PB


(dollars in millions)
Successor Predecessor
Year Ended
December 31,
2010
One Month
Ended
December 31,
2009
Eleven Months
Ended
November 30,
2009
Year Ended
December 31,
2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) – Charter shareholders $ (237) $ 2 $ 10,099 $ (2,447)
Adjustments to reconcile net income (loss) to net
cash flows from operating activities:
Depreciation and amortization 1,524 122 1,194 1,310
Impairment of franchises -- -- 2,163 1,521
Noncash interest expense 74 5 42 61
Change in value of derivatives -- -- 4 29
Gain due to effects of Plan -- -- (6,818) --
Gain due to fresh start accounting adjustments -- -- (5,659) --
Noncash reorganizations items, net -- -- 170 --
(Gain) loss on extinguishment of debt 81 -- -- (5)
Deferred income taxes 287 7 (358) (107)
Other, net 34 3 31 48
Changes in operating assets and liabilities, net of effects from
acquisitions and dispositions:
Accounts receivable -- 26 (52) 3
Prepaid expenses and other assets 22 2 (36) (1)
Accounts payable, accrued expenses and other 126 16 (344) (13)
Payment of deferred management fees – related party -- -- (25) --
Net cash flows from operating activities 1,911 183 411 399
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment (1,209) (108) (1,026) (1,202)
Change in accrued expenses related to capital expenditures 8 -- (10) (39)
Purchase of CC VIII, LLC interest -- -- (150) --
Other, net 31 (3) (7) 31
Net cash flows from investing activities (1,170) (111) (1,193) (1,210)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Rights Offering -- -- 1,614 --
Borrowings of long-term debt 3,115 -- -- 3,105
Repayments of long-term debt (4,352) (17) (1,054) (1,354)
Repayment of preferred stock (138) -- -- --
Payments for debt issuance costs (76) -- (39) (42)
Purchase of treasury stock (6) -- -- --
Other, net (6) -- -- (13)
Net cash flows from financing activities (1,463) (17) 521 1,696
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS
(722) 55
(261)
885
CASH AND CASH EQUIVALENTS, beginning of period 754 699 960 75
CASH AND CASH EQUIVALENTS, end of period $ 32 $ 754 $ 699 $ 960
CASH PAID FOR INTEREST $735 $4 $ 1,096 $ 1,847
NONCASH TRANSACTIONS:
Liabilities subject to compromise discharged at emergence $ -- $ -- $ 7,829 $ --
