Charter 2015 Annual Report Download - page 60

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45
(G) Purchases of Equity Securities by the Issuer
The following table presents Charter's purchases of equity securities completed during the fourth quarter of 2015 representing
shares withheld from employees primarily for the payment of taxes upon the vesting of equity awards.
Period
(a)
Total Number of
Shares Purchased
(b)
Average Price Paid
per Share
(c)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
(d)
Maximum Number of
Shares that May Yet
Be Purchased Under
the Plans or
Programs
October 1 - 31, 2015 5,440 $ 182.10 — N/A
November 1 - 30, 2015 105 $ 189.71 — N/A
December 1 - 31, 2015 120,450 $ 181.37 — N/A
Item 6. Selected Financial Data.
The following table presents selected consolidated financial data for the periods indicated (dollars in millions, except per share data):
Years Ended December 31,
2015 2014 2013 2012 2011
Statement of Operations Data:
Revenues $ 9,754 $ 9,108 $ 8,155 $ 7,504 $ 7,204
Income from operations $ 1,114 $ 971 $ 909 $ 915 $ 1,036
Interest expense, net $ (1,306) $ (911) $ (846) $ (907) $ (963)
Income (loss) before income taxes $ (331) $ 53 $ (49) $ (47) $ (70)
Net loss $ (271) $ (183) $ (169) $ (304) $ (369)
Loss per common share, basic and diluted $ (2.43) $ (1.70) $ (1.65) $ (3.05) $ (3.39)
Weighted average shares outstanding, basic and
diluted 111,869,771 108,374,160 101,934,630 99,657,989 108,948,554
Balance Sheet Data (end of period):
Investment in cable properties $ 16,375 $ 16,652 $ 16,556 $ 14,870 $ 14,843
Total assets (a) $ 39,316 $ 24,388 $ 17,129 $ 15,440 $ 15,469
Total debt (a) $ 35,723 $ 20,887 $ 14,031 $ 12,670 $ 12,747
Shareholders’ equity (deficit) $ (46) $ 146 $ 151 $ 149 $ 409
Other Financial Data:
Ratio of earnings to fixed charges (b) N/A 1.06 N/A N/A N/A
Deficiency of earnings to cover fixed charges (b) $ 331 N/A $ 49 $ 47 $ 70
(a) Prior periods have been restated to reflect the adoption of certain new accounting standards, including Accounting Standards
Update ("ASU") 2015-03 and 2015-17. For more information, see Note 20 to the accompanying consolidated financial
statements contained in “Part II. Item 8. Financial Statements and Supplementary Data.”
(b) Earnings include income (loss) before non-controlling interest and income taxes plus fixed charges. Fixed charges consist of
interest expense and an estimated interest component of rent expense.
Comparability of the above information from year to year is affected by acquisitions and dispositions completed by us including the
the acquisition of Bresnan Broadband Holdings, LLC and its subsidiaries (collectively, “Bresnan”) in July 2013 and restricted cash
and cash equivalents that were held in escrow as of December 31, 2015 pending consummation of the TWC Transaction and Bright
House Transaction, and restricted cash and cash equivalents that were held in escrow as of December 31, 2014 pending consummation
of the Comcast Transactions which were terminated in April 2015. See “Part I. Item 1. Business” for a discussion regarding the TWC
Transaction, Bright House Transaction and Comcast Transactions and "Part II. Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations" for a discussion of the acquisition of Bresnan.