Charter 2013 Annual Report Download - page 97

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2013, 2012 AND 2011
(dollars in millions, except share or per share data or where indicated)
F- 15
analyses in 2013 and 2012 did not identify any factors that would indicate that it was more likely than not that the fair value of
trademarks were less than the carrying value and thus resulted in no impairment. The Company’s 2011 quantitative impairment
analysis did not result in any trademark impairment charges.
As of December 31, 2013 and 2012, indefinite lived and finite-lived intangible assets are presented in the following table:
December 31,
2013 2012
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Indefinite lived intangible assets:
Franchises $ 6,009 $ — $ 6,009 $ 5,287 $ — $ 5,287
Goodwill 1,177 — 1,177 953 — 953
Trademarks 158 — 158 158 — 158
Other intangible assets 4 — 4 — — —
$ 7,348 $ — $ 7,348 $ 6,398 $ — $ 6,398
Finite-lived intangible assets:
Customer relationships $ 2,617 $ 1,228 $ 1,389 $ 2,368 $ 944 $ 1,424
Other intangible assets 130 44 86 105 29 76
$ 2,747 $ 1,272 $ 1,475 $ 2,473 $ 973 $ 1,500
Amortization expense related to customer relationships and other intangible assets for the years ended December 31, 2013, 2012
and 2011 was $299 million, $293 million and $315 million, respectively. Franchises, customer relationships and goodwill increased
by $722 million, $249 million and $224 million, respectively, as a result of the acquisition of Bresnan completed during the year
ended December 31, 2013.
The Company expects amortization expense on its finite-lived intangible assets will be as follows.
2014 $ 298
2015 264
2016 231
2017 197
2018 162
Thereafter 323
$ 1,475
Actual amortization expense in future periods could differ from these estimates as a result of new intangible asset acquisitions or
divestitures, changes in useful lives, impairments and other relevant factors.