Charter 2013 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2013 Charter annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

The accompanying notes are an integral part of these consolidated financial statements.
F- 6
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
Year Ended December 31,
2013 2012 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (169) $ (304) $ (369)
Adjustments to reconcile net loss to net cash flows from
operating activities:
Depreciation and amortization 1,854 1,713 1,592
Non-cash interest expense 43 45 34
Loss on extinguishment of debt 123 55 143
Gain on derivative instruments, net (11) — —
Deferred income taxes 112 250 290
Other, net 82 45 33
Changes in operating assets and liabilities, net of effects
from acquisitions and dispositions:
Accounts receivable 10 34 (24)
Prepaid expenses and other assets —(8)1
Accounts payable, accrued liabilities and other 114 46 37
Net cash flows from operating activities 2,158 1,876 1,737
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment (1,825) (1,745) (1,311)
Change in accrued expenses related to capital expenditures 76 13 57
Sales (purchases) of cable systems, net (676) 19 (88)
Other, net (18) (24) (24)
Net cash flows from investing activities (2,443) (1,737) (1,366)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt 6,782 5,830 5,489
Repayments of long-term debt (6,520) (5,901) (5,072)
Payments for debt issuance costs (50) (53) (62)
Purchase of treasury stock (15) (11) (733)
Proceeds from exercise of options and warrants 104 15 5
Other, net (2) (14) —
Net cash flows from financing activities 299 (134) (373)
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS 14 5 (2)
CASH AND CASH EQUIVALENTS, beginning of period 724
CASH AND CASH EQUIVALENTS, end of period $ 21$ 7$ 2
CASH PAID FOR INTEREST $ 763 $ 904 $ 899