Charter 2015 Annual Report Download - page 143

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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- 46
Charter Communications, Inc.
Consolidating Statement of Cash Flows
For the year ended December 31, 2014
Charter
Intermediate
Holding
Companies
Safari
Escrow
Entities
CCO
Holdings
Charter
Operating
and
Restricted
Subsidiaries
Unrestricted
Subsidiary -
CCO Safari Eliminations
Charter
Consolidated
CASH FLOWS FROM OPERATING
ACTIVITIES:
Consolidated net income (loss) $ (183) $ (4) $ (30) $ 18 $ 741 $ (45)$ (680) $ (183)
Adjustments to reconcile net income (loss) to
net cash flows from operating activities:
Depreciation and amortization — — — — 2,102 — — 2,102
Noncash interest expense — — — 25 12 — — 37
Loss on derivative instruments, net — — — — 7 — — 7
Deferred income taxes 223 — — — 10 — — 233
Equity in (income) losses of subsidiaries (40) 12 — (697) 45 — 680 —
Other, net — (2) — — 67 — — 65
Changes in operating assets and liabilities, net
of effects from acquisitions and dispositions:
Accounts receivable — (2) — — (49) — — (51)
Prepaid expenses and other assets — (1) — — (8)—— (9)
Accounts payable, accrued liabilities and
other — 41 18 — 91 8 — 158
Receivables from and payables to related
party — (57) — (11)68 — — —
Net cash flows from operating activities — (13) (12)(665) 3,086 (37) — 2,359
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment — — — — (2,221) — — (2,221)
Change in accrued expenses related to capital
expenditures — — — — 33 — — 33
Sales of cable systems, net — — — — 11 — — 11
Contribution to subsidiary (106) (600) — (100)(71) — 877 —
Distributions from subsidiary 5 30 — 1,132 — — (1,167)—
Change in restricted cash and cash equivalents — — (3,598)——
(3,513) — (7,111)
Other, net — (5) — — (11) — — (16)
Net cash flows from investing activities (101) (575) (3,598) 1,032 (2,259)(3,513)(290) (9,304)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt — — 3,500 — 1,823 3,483 — 8,806
Repayments of long-term debt — — — (350)(1,630) — — (1,980)
Borrowings (payments) loans payable - related
parties — — 112 (112)— — — —
Payment for debt issuance costs — — (2)—— (4) — (6)
Purchase of treasury stock (19) — — — — — — (19)
Proceeds from exercise of options and warrants 123 — — — — — — 123
Contributions from parent — 606 — 100 100 71 (877)—
Distributions to parent — (30) — (5)(1,132) — 1,167 —
Other, net — 7 — — (4)—— 3
Net cash flows from financing activities 104 583 3,610 (367)(843) 3,550 290 6,927
NET INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS 3 (5) — — (16) — — (18)
CASH AND CASH EQUIVALENTS, beginning of
period — 5 — — 16 — — 21
CASH AND CASH EQUIVALENTS, end of period $ 3 $ — $ — $ — $ — $ — $ — $ 3