Charter 2012 Annual Report Download - page 118

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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- 43
Charter Communications, Inc.
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2011
Charter
Intermediate
Holding
Companies CCO
Holdings
Charter
Operating
and
Subsidiaries Eliminations Charter
Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES:
Consolidated net income (loss) $ (382) $ (116) $ 82 $ 505 $ (458) $ (369)
Adjustments to reconcile net income (loss) to
net cash flows from operating activities:
Depreciation and amortization — — — 1,592 — 1,592
Noncash interest expense — (38) 20 52 — 34
Loss on extinguishment of debt — 6 — 137 — 143
Deferred income taxes 294 — — (4) — 290
Equity in (income) losses of subsidiaries 87 (82) (463) — 458 —
Other, net — — — 33 — 33
Changes in operating assets and liabilities, net
of effects from acquisitions and dispositions:
Accounts receivable — (5) — (19) — (24)
Prepaid expenses and other assets 1 (1) — 1 — 1
Accounts payable, accrued liabilities and
other 1 (16) 58 (6) — 37
Receivables from and payables to related
party (1) — (7) 8 — —
Net cash flows from operating activities — (252) (310) 2,299 — 1,737
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment — — — (1,311) — (1,311)
Change in accrued expenses related to capital
expenditures — — — 57 — 57
Purchases of cable systems — — — (88) — (88)
Contribution to subsidiary — — (2,837) — 2,837 —
Distributions from subsidiary 528 4,956 650 — (6,134) —
Other, net — — — (24) — (24)
Net cash flows from investing activities 528 4,956 (2,187)(1,366)(3,297)(1,366)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt — — 3,640 1,849 — 5,489
Repayments of long-term debt — (332) — (4,740) — (5,072)
Borrowings (payments) loans payable - related
parties — — 223 (223) — —
Payment for debt issuance costs — — (54)(8) — (62)
Purchase of treasury stock (533) (200) — — — (733)
Contributions from parent — — — 2,837 (2,837) —
Distributions to parent — (4,173) (1,311)(650) 6,134 —
Other, net 5 (2) — 2 — 5
Net cash flows from financing activities (528) (4,707) 2,498 (933) 3,297 (373)
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS — (3) 1 — — (2)
CASH AND CASH EQUIVALENTS, beginning of
period — 3 1 — — 4
CASH AND CASH EQUIVALENTS, end of period $ — $ — $ 2 $ — $ — $ 2