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SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 05/26/2015
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Tax Assets are Preserved and Enhanced
Benefit from enhanced NOL usage
Current NPV of $3 billion of existing Charter NOLs enhanced by over $400 million, as they will be applied to larger base of operating income
Outsized tax basis of $9.1 billion as of 12/31/14 remain intact; likely section 382 ownership change, not expected to impact value of NOLs on an NPV basis
Value of existing NOLs benefit Charter/TWC shareholders only, until A/N’s conversion of partnership units into New Charter stock
Tax receivables agreement with Advance/Newhouse drives additional value
New Charter will receive additional tax basis step-up upon any future A/N’s conversion of partnership units into New Charter stock
New Charter retains 50% of the cash tax savings value associated with the tax basis step-up received if and when A/N exchanges partnership units for shares in New Charter
A/N compensated on 50% of the net cash tax savings value associated with the tax basis step-up received by Charter, on a with and without FIFO basis, when the step-up benefits are used by Charter
Charter COMMUNICATIONS
Time Warner Cable®
Bright house NETWORKS®
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