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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,
2013 2012 2011
REVENUES $ 8,155 $ 7,504 $ 7,204
COSTS AND EXPENSES:
Operating costs and expenses (excluding
depreciation and amortization) 5,345 4,860 4,564
Depreciation and amortization 1,854 1,713 1,592
Other operating expenses, net 31 15 7
7,230 6,588 6,163
Income from operations 925 916 1,041
OTHER EXPENSES:
Interest expense, net (846) (907) (963)
Loss on extinguishment of debt (123) (55) (143)
Gain on derivative instruments, net 11 — —
Other expense, net (16) (1) (5)
(974) (963) (1,111)
Loss before income taxes (49) (47) (70)
Income tax expense (120) (257) (299)
Net loss $ (169) $ (304) $ (369)
LOSS PER COMMON SHARE, BASIC
AND DILUTED $ (1.65) $ (3.05) $ (3.39)
Weighted average common shares
outstanding, basic and diluted 101,934,630 99,657,989 108,948,554
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(dollars in millions)
Year Ended December 31,
2013 2012 2011
Net loss $ (169) $ (304) $ (369)
Net impact of interest rate derivative
instruments, net of tax 34 (10) (8)
Comprehensive loss $ (135) $ (314) $ (377)