Charter 2015 Annual Report Download - page 135

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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2015, 2014 AND 2013
(dollars in millions, except share or per share data or where indicated)
F- 38
Year Ended December 31, 2014
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Revenues $ 2,202 $ 2,259 $ 2,287 $ 2,360
Income from operations $ 240 $ 236 $ 218 $ 277
Net loss $ (37)$ (45)$ (53)$ (48)
Loss per common share, basic and diluted $ (0.35)$ (0.42)$ (0.49)$ (0.44)
Weighted average common shares
outstanding, basic and diluted 106,439,198 107,975,937 108,792,605 110,242,507
22. Consolidating Schedules
The accompanying consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10,
Financial Statements of Guarantors and Affiliates Whose Securities Collateralize an Issue Registered or Being Registered. This
information is not intended to present the financial position, results of operations and cash flows of the individual companies or
groups of companies in accordance with generally accepted accounting principles.
The Safari Escrow Entities column consists of CCOH Safari, CCO Safari II and CCO Safari III. CCOH Safari issued the 2026 Notes
and issued the CCOH Safari notes that were repaid in April 2015 upon receiving the Termination Notice of the Comcast Transactions.
CCO Safari II and CCO Safari III issued the CCO Safari II notes and the CCO Safari III credit facilities, respectively.
The CCO Holdings notes are obligations of CCO Holdings. However, the CCO Holdings notes are also jointly, severally, fully and
unconditionally guaranteed on an unsecured senior basis by Charter.
The Charter Operating and Restricted Subsidiaries column is presented as a requirement pursuant to the terms of the Credit Agreement.
The Unrestricted Subsidiary column consists of CCO Safari which is a Non-Recourse Subsidiary under the Credit Agreement and
that held the Term G Loans. The Term G Loans were also repaid in April 2015 upon receiving the Termination Notice of the Comcast
Transactions. See Note 8 for additional information.
On December 31, 2015, the CCV III, LLC preferred interest held by CCH I, LLC was canceled.
Consolidating financial statements as of December 31, 2015 and 2014 and for the years ended December 31, 2015, 2014 and 2013
follow.