Print Page  Close Window

SEC Filings

PREM14A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form PREM14A on 06/26/2015
Entire Document
 


Table of Contents

BRIGHT HOUSE NETWORKS, LLC AND SUBSIDIARIES

Notes to Consolidated Financial Statements—(Continued)

December 31, 2014, 2013 and 2012

 

(5) Intangible Assets and Goodwill

Intangible assets and related accumulated amortization consist of the following at December 31:

 

     2014      2013  
     Gross
carrying
amount
     Accumulated
amortization
    Total      Gross
carrying
amount
     Accumulated
amortization
    Total  
     (In thousands)  

Indefinite-lived cable franchise right

   $ 801,760         —          801,760         801,760         —          801,760   

Finite-lived intangible assets:

               

Renewal of cable franchise rights

     85,246         (82,177     3,069         85,246         (80,807     4,439   

Deferred right-of-way costs

     84,297         (40,923     43,374         74,025         (33,239     40,786   

Trade names and subscriber lists

     1,564         (625     939         1,564         (313     1,251   

Other

     5,530         (3,188     2,342         5,530         (2,693     2,837   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
  176,637      (126,913   49,724      166,365      (117,052   49,313   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets, net

$ 978,397      (126,913   851,484      968,125      (117,052   851,073   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense was $9.9 million, $9.7 million and $10.6 million in 2014, 2013 and 2012, respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense is expected to be $9.6 million in 2015, $8.7 million in 2016, $7.9 million in 2017, $6.1 million in 2018, and $4.8 million in 2019.

Changes in the carrying value of the Company’s goodwill from January 1 through December 31 are presented below:

 

     2014      2013  
     (In thousands)  

Balance at beginning of year

   $ 12,746         12,333   

Acquisition of Telovations

     —           413   
  

 

 

    

 

 

 

Balance at end of year

$ 12,746      12,746   
  

 

 

    

 

 

 

There were no accumulated goodwill impairment charges as of December 31, 2014 and 2013.

(6) Accounts Payable and Other Current Liabilities

Accounts payable and other current liabilities consist of the following at December 31:

 

     2014      2013  
     (In thousands)  

Accounts payable

   $ 77,638         94,512   

Amount owed to TWC

     154,367         144,695   

Other

     116,337         123,433   
  

 

 

    

 

 

 

Total other liabilities

$ 348,342      362,640   
  

 

 

    

 

 

 

 

F-12