Charter 2011 Annual Report Download - page 111

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2011, 2010 AND 2009
(dollars in millions, except share or per share data or where indicated)
F- 27
as Level 3 in the fair value hierarchy. See Note 5 for additional information. No impairments were recorded in 2011 and 2010.
In 2011, the Company acquired cable systems for total cash consideration of approximately $89 million and the Company acquired
cable systems valued at $16 million in a non-cash transaction in exchange for Company cable systems. The acquisitions were
recorded by allocating the cost of the acquisitions to the assets acquired, including property, plant and equipment, franchises and
customer relationships based on their estimated fair values at the acquisition dates. The excess of the cost of the acquisitions over
the net amounts assigned to the fair value of the assets acquired was recorded as goodwill. The fair value inputs used for the
acquired assets were classified as Level 3 within the fair value hierarchy.
15. Other Operating (Income) Expenses, Net
Other operating (income) expenses, net consist of the following for the years presented:
(Gain) loss on sale of assets, net
Special charges, net
Successor
Year Ended December 31,
2011
$ (4)
11
$ 7
2010
$ 9
16
$ 25
One Month
Ended
December 31,
2009
$ 1
3
$ 4
Predecessor
Eleven
Months Ended
November 31,
2009
$ 6
(44)
$(38)
(Gain) loss on sale of assets, net
(Gain) loss on sale of assets represents the gain or loss recognized on the sales of fixed assets and cable systems.
Special charges, net
Special charges, net for the years ended December 31, 2011 and 2010 (Successor), one month ended December 31, 2009 (Successor)
and eleven months ended November 30, 2009 (Predecessor) primarily includes severance charges as well as net amounts of
litigation settlements.
16. Other Income (Expense), Net
Other income (expense), net consists of the following for years presented:
Gain on investment
Change in value of preferred stock
Change in value of derivatives
Other, net
Successor
Year Ended December 31,
2011
$ —
—
—
(2)
$(2)
2010
$ —
2
—
—
$ 2
One Month
Ended
December 31,
2009
$ —
(3)
—
—
$(3)
Predecessor
Eleven
Months Ended
November 30,
2009
$ 1
—
(4)
1
$(2)