Charter 2014 Annual Report Download - page 7
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and further accelerate
our market share
growth, we have cre-
ated two distinct ser-
vice groups: One, to
serve the small and
medium business seg-
ment, and another for
enterprise and carrier
customers. With the
creation of these two
service groups, we
can deliver additional
value to customers by
launching new products and pricing that are
more tailored to customer segments and individ-
ual customer needs.
Our third key objective in 2015 is to close the
transactions we announced with Comcast in
April of 2014, and the integration of the assets
we acquire, into Charter. The addition of these
new service areas enhances our scale and foot-
print3 and brings significant operational and
financial benefits to Charter. We will be applying
the same operating strategy that Charter
launched in 2012 to this larger base of custom-
ers, bringing additional value and serv ices to the
markets we will serve. Our 33% stake in
GreatLand Connections will also benefit both
GreatLand and Charter via a two-way services
agreement between the two companies, provid-
ing significant operational and financial benefits
for each operator.
Over the past three years, we have demon-
strated the growth potential of our operating
strategy. As we look to the balance of 2015, we
remain well-positioned to maintain our operat-
ing growth momentum by delivering superior
products, developing new products and inte-
grating new assets into our business. And with
all-digital complete, the capital intensity of our
operations in our retained footprint will decline
significantly—demonstrating Charter’s signifi-
cant free cash flow potential and driving value
for our shareholders.
We appreciate your interest and support and I
would like to thank our dedicated employees,
who are the key to our success. We look forward
to the continued execution of our long-term
operating plan, which will create additional ben-
efits for our customers and greater returns for
our shareholders.
Best Regards,
Thomas M. Rutledge
President and Chief Executive Officer
Charter Communications
February 24, 2015
“With all-digital complete,
the capital intensity of our
operations in our retained
footprint will decline sig-
nificantly—demonstrating
Charter’s significant free
cash flow potential and
driving value for our
shareholders.”
Residential & Commercial
Customers (in thousands)
201420132012
6,227
5,936
5,730
Pro forma for certain acquisitions as if
they occurred on January 1, 2012.
1 See use of Non-GAAP Financial Metrics on page F-47 of this Annual Report.
2 Pro forma results reflect certain acquisitions of cable systems in 2013 as
if they occurred as of January 1, 2012.
3 See page 6 of this Annual Report for a map of Charter’s footprint pro forma
for the Comcast transactions.
Charter Communications 2014 Annual Report5