Charter 2012 Annual Report Download - page 79

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The accompanying notes are an integral part of these consolidated financial statements.
F- 4
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in millions, except per share and share data)
Year Ended December 31,
2012 2011 2010
REVENUES $ 7,504 $ 7,204 $ 7,059
COSTS AND EXPENSES:
Operating costs and expenses (excluding
depreciation and amortization) 4,860 4,564 4,486
Depreciation and amortization 1,713 1,592 1,524
Other operating expenses, net 15 7 25
6,588 6,163 6,035
Income from operations 916 1,041 1,024
OTHER EXPENSES:
Interest expense, net (907) (963) (877)
Loss on extinguishment of debt (55) (143) (85)
Other expense, net (1) (5) (4)
(963) (1,111) (966)
Income (loss) before income taxes (47) (70) 58
Income tax expense (257) (299) (295)
Net loss $ (304) $ (369) $ (237)
LOSS PER COMMON SHARE, BASIC
AND DILUTED $ (3.05) $ (3.39) $ (2.09)
Weighted average common shares
outstanding, basic and diluted 99,657,989 108,948,554 113,138,461
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(dollars in millions)
Year Ended December 31,
2012 2011 2010
Net loss $ (304) $ (369) $ (237)
Changes in fair value of interest rate
swap agreements, net of tax (10) (8) (57)
Comprehensive loss $ (314) $ (377) $ (294)