Charter 2011 Annual Report Download - page 138

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Unaudited Reconciliation of Non-GAAP Measures to GAAP Measures
(dollars in millions)
Pro Forma Reconciliation of Non-GAAP Measures to GAAP Measures
Actual Reconciliation of Non-GAAP Measures to GAAP Measures
For the year ended December 31 2009 2010 2011
Consolidated net income (loss) $ 10,086 $ (230) $ (370)
Plus:
Interest expense, net 1,088 877 963
Income tax (benefit) expense (343) 279 299
Depreciation and amortization 1,323 1,532 1,598
Impairment charges 2,163 — —
Stock compensation expense 27 26 35
(Gain) loss due to bankruptcy related items (11,830) 6 3
Loss on extinguishment of debt — 85 143
Other, net (31) 20 9
Adjusted EBITDA 2,483 2,595 2,680
Less: Purchases of property, plant and equipment (1,126) (1,203) (1,311)
Adjusted EBITDA less capital expenditures $ 1,357 $ 1,392 $ 1,369
Net cash flows from operating activities $ 584 $ 1,907 $ 1,742
Less:
Purchases of property, plant and equipment (1,126) (1,203) (1,311)
Change in accrued expenses related to capital expenditures (10) 8 57
Free cash flow $ (552) $ 712 $ 488
For the year ended December 31 2009 2010 2011
Consolidated net income (loss) $ 10,101 $ (237) $ (369)
Plus:
Interest expense, net 1,088 877 963
Income tax (benefit) expense (343) 295 299
Depreciation and amortization 1,316 1,524 1,592
Impairment charges 2,163 — —
Stock compensation expense 27 26 35
(Gain) loss due to bankruptcy related items (11,830) 6 3
Loss on extinguishment of debt — 85 143
Other, net (29) 23 9
Adjusted EBITDA 2,493 2,599 2,675
Less: Purchases of property, plant and equipment (1,134) (1,209) (1,311)
Adjusted EBITDA less capital expenditures $ 1,359 $ 1,390 $ 1,364
Net cash flows from operating activities $ 594 $ 1,911 $ 1,737
Less:
Purchases of property, plant and equipment (1,134) (1,209) (1,311)
Change in accrued expenses related to capital expenditures (10) 8 57
Free cash flow $ (550) $ 710 $ 483
F-54