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SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 02/04/2016
Entire Document
 

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
 
Three Months Ended December 31,
 
Year Ended December 31,
 
2015
 
2014
 
2015
 
2014
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Net loss
$
(122
)
 
$
(48
)
 
$
(271
)
 
$
(183
)
Adjustments to reconcile net loss to net cash flows from operating activities:
 
 
 
 
 
 
 
Depreciation and amortization
545

 
534

 
2,125

 
2,102

Stock compensation expense
20

 
14

 
78

 
55

Noncash interest expense
7

 
8

 
28

 
37

Loss on extinguishment of debt

 

 
128

 

(Gain) loss on derivative instruments, net
(6
)
 
4

 
4

 
7

Deferred income taxes
11

 
56

 
(65
)
 
233

Other, net
3

 
8

 
11

 
10

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
 
 
 
Accounts receivable
12

 
(15
)
 
5

 
(51
)
Prepaid expenses and other assets
16

 
12

 
(3
)
 
(9
)
Accounts payable, accrued liabilities and other
125

 
57

 
319

 
158

Net cash flows from operating activities
611

 
630

 
2,359

 
2,359

 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(548
)
 
(543
)
 
(1,840
)
 
(2,221
)
Change in accrued expenses related to capital expenditures
17

 
2

 
28

 
33

Sales of cable systems, net

 
11

 

 
11

Change in restricted cash and cash equivalents
(2,638
)
 
(3,598
)
 
(15,153
)
 
(7,111
)
Other, net
2

 
(11
)
 
(67
)
 
(16
)
Net cash flows from investing activities
(3,167
)
 
(4,139
)
 
(17,032
)
 
(9,304
)
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings of long-term debt
2,983

 
3,892

 
26,045

 
8,806

Repayments of long-term debt
(415
)
 
(466
)
 
(11,326
)
 
(1,980
)
Payments for debt issuance costs
(1
)
 
(2
)
 
(36
)
 
(6
)
Purchase of treasury stock
(14
)
 
(1
)
 
(38
)
 
(19
)
Proceeds from exercise of options and warrants
8

 
80

 
30

 
123

Other, net

 
(1
)
 

 
3

Net cash flows from financing activities
2,561

 
3,502

 
14,675

 
6,927

 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
5

 
(7
)
 
2

 
(18
)
CASH AND CASH EQUIVALENTS, beginning of period

 
10

 
3

 
21

CASH AND CASH EQUIVALENTS, end of period
$
5

 
$
3

 
$
5

 
$
3

 
 
 
 
 
 
 
 
CASH PAID FOR INTEREST
$
304

 
$
226

 
$
1,046

 
$
850


Addendum to Charter Communications, Inc. Fourth Quarter 2015 Earnings Release
Page 3 of 7