Charter 2015 Annual Report Download - page 138

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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- 41
Charter Communications, Inc.
Consolidating Statement of Operations
For the year ended December 31, 2015
Charter
Intermediate
Holding
Companies
Safari
Escrow
Entities
CCO
Holdings
Charter
Operating
and
Restricted
Subsidiaries
Unrestricted
Subsidiary -
CCO Safari Eliminations
Charter
Consolidated
REVENUES $ 25 $ 299 $ — $ — $ 9,754 $ — $ (324) $ 9,754
COSTS AND EXPENSES:
Operating costs and expenses (exclusive
of items shown separately below) 25 299 — — 6,426 — (324) 6,426
Depreciation and amortization — — — — 2,125 — — 2,125
Other operating expenses, net — — — — 89 — — 89
25 299 — — 8,640 — (324) 8,640
Income from operations — — — — 1,114 — — 1,114
OTHER INCOME AND (EXPENSES):
Interest expense, net — 8 (474) (642) (151) (47) — (1,306)
Loss on extinguishment of debt — — (2) (123) — (3) — (128)
Loss on derivative instruments, net — — — — (4) — — (4)
Other expense, net — (7) — — — — — (7)
Equity in income (loss) of subsidiaries (121) (168) — 1,073 (50) — (734) —
(121) (167) (476) 308 (205) (50) (734) (1,445)
Income (loss) before income taxes (121) (167) (476) 308 909 (50) (734) (331)
INCOME TAX BENEFIT (EXPENSE) (150) — — — 210 — — 60
Consolidated net income (loss) (271) (167) (476) 308 1,119 (50) (734) (271)
Less: Net (income) loss – non-controlling
interest — 46 — — (46) — — —
Net income (loss) $ (271) $ (121) $ (476) $ 308 $ 1,073 $ (50) $ (734) $ (271)