Charter 2012 Annual Report Download - page 117

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2012, 2011 AND 2010
(dollars in millions, except share or per share data or where indicated)
F- 42
Charter Communications, Inc.
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2012
Charter
Intermediate
Holding
Companies CCO
Holdings
Charter
Operating
and
Subsidiaries Eliminations Charter
Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES:
Consolidated net income (loss) $ (317) $ (92) $ (35) $ 548 $ (408) $ (304)
Adjustments to reconcile net income (loss) to
net cash flows from operating activities:
Depreciation and amortization — — — 1,713 — 1,713
Noncash interest expense — (23) 18 50 — 45
(Gain) loss on extinguishment of debt — (46) — 101 — 55
Deferred income taxes 252 — — (2) — 250
Equity in (income) losses of subsidiaries 63 35 (506) — 408 —
Other, net — — — 45 — 45
Changes in operating assets and liabilities, net
of effects from acquisitions and dispositions:
Accounts receivable (1) 1 — 34 — 34
Prepaid expenses and other assets 2 8 — (18) — (8)
Accounts payable, accrued liabilities and
other — (87) 47 86 — 46
Receivables from and payables to related
party (1) (1) (11) 13 — —
Net cash flows from operating activities (2) (205) (487) 2,570 — 1,876
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment — — — (1,745) — (1,745)
Change in accrued expenses related to capital
expenditures — — — 13 — 13
Sales of cable systems — — — 19 — 19
Contribution to subsidiary (14) (71) (2,330) — 2,415 —
Distributions from subsidiary 12 1,891 2,014 — (3,917) —
Other, net — — — (24) — (24)
Net cash flows from investing activities (2) 1,820 (316)(1,737)(1,502)(1,737)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt — — 2,984 2,846 — 5,830
Repayments of long-term debt — (1,621) — (4,280) — (5,901)
Borrowings (payments) loans payable - related
parties — — (314) 314 — —
Payment for debt issuance costs — — (39)(14) — (53)
Purchase of treasury stock (11) — — — — (11)
Contributions from parent — 84 1 2,330 (2,415) —
Distributions to parent — (72) (1,831)(2,014) 3,917 —
Other, net 16 (6) — (9) — 1
Net cash flows from financing activities 5 (1,615) 801 (827) 1,502 (134)
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS 1 — (2) 6 — 5
CASH AND CASH EQUIVALENTS, beginning of
period — — 2 — — 2
CASH AND CASH EQUIVALENTS, end of period $ 1 $ — $ — $ 6 $ — $ 7