Charter 2011 Annual Report Download - page 116

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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- 32
years ended December 31, 2011 and 2010 (Successor), one month ended December 31, 2009 (Successor) and eleven months
ended November 30, 2009 (Predecessor), respectively, as follows:
Statutory federal income taxes
Statutory state income taxes, net
Nondeductible expenses
Non-includable reorganization income
Change in valuation allowance
Changes in provision estimates
Other
Income tax benefit (expense)
Successor
Year Ended December 31,
2011
$ 24
(9)
(5)
—
(312)
1
2
$ (299)
2010
$(20)
(8)
(4)
—
(248)
(23)
8
$(295)
One Month
Ended
December 31,
2009
$(4)
(1)
—
—
(3)
—
—
$(8)
Predecessor
Eleven
Months Ended
November 30,
2009
$(3,412)
(298)
—
420
3,826
—
(185)
$ 351
For the years ended December 31, 2011 and 2010 (Successor), the change in valuation allowance includes an increase of $3 million
and $22 million, respectively, related to adjustments to cash flow hedges included in other comprehensive income, and 2010 also
includes an increase of $50 million related to Charter’s investment in partnership interest.