Charter 2015 Annual Report Download - page 103

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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,
2015 2014 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (271) $ (183) $ (169)
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization 2,125 2,102 1,854
Noncash interest expense 28 37 43
Loss on extinguishment of debt 128 — 123
(Gain) loss on derivative instruments, net 4 7 (11)
Deferred income taxes (65) 233 112
Other, net 89 65 82
Changes in operating assets and liabilities, net of effects from acquisitions
and dispositions:
Accounts receivable 5 (51) 10
Prepaid expenses and other assets (3) (9) —
Accounts payable, accrued liabilities and other 319 158 114
Net cash flows from operating activities 2,359 2,359 2,158
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment (1,840) (2,221) (1,825)
Change in accrued expenses related to capital expenditures 28 33 76
Sales (purchases) of cable systems, net — 11 (676)
Change in restricted cash and cash equivalents (15,153) (7,111) —
Other, net (67) (16) (18)
Net cash flows from investing activities (17,032) (9,304) (2,443)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt 26,045 8,806 6,782
Repayments of long-term debt (11,326) (1,980) (6,520)
Payments for debt issuance costs (36) (6) (50)
Purchase of treasury stock (38) (19) (15)
Proceeds from exercise of options and warrants 30 123 104
Other, net — 3 (2)
Net cash flows from financing activities 14,675 6,927 299
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2 (18) 14
CASH AND CASH EQUIVALENTS, beginning of period 321 7
CASH AND CASH EQUIVALENTS, end of period $5$3$21
CASH PAID FOR INTEREST $ 1,046 $ 850 $ 763