Print Page  Close Window

SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 08/09/2016
Entire Document
 


CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
Unaudited
 
 
Six Months Ended June 30,
 
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
Consolidated net income (loss)
 
$
2,926

 
$
(203
)
Adjustments to reconcile consolidated net income (loss) to net cash flows from operating activities:
 
 
 
 
Depreciation and amortization
 
1,975

 
1,042

Stock compensation expense
 
87

 
38

Accelerated vesting of equity awards
 
145

 

Noncash interest (income) expense, net
 
(41
)
 
15

Pension curtailment gain and remeasurement loss, net
 
(518
)
 

Loss on extinguishment of debt
 
110

 
128

Loss on financial instruments, net
 
55

 
5

Deferred income taxes
 
(3,164
)
 
66

Other, net
 
(2
)
 
6

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
Accounts receivable
 
(100
)
 
(37
)
Prepaid expenses and other assets
 
11

 
(20
)
Accounts payable, accrued liabilities and other
 
530

 
19

Net cash flows from operating activities
 
2,014

 
1,059

 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
Purchases of property, plant and equipment
 
(1,689
)
 
(783
)
Change in accrued expenses related to capital expenditures
 
138

 
(17
)
Purchases of cable systems, net of cash acquired
 
(28,810
)
 

Change in restricted cash and cash equivalents
 
22,264

 
7,111

Other, net
 
(6
)
 
(69
)
Net cash flows from investing activities
 
(8,103
)
 
6,242

 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Borrowings of long-term debt
 
5,997

 
3,313

Repayments of long-term debt
 
(4,070
)
 
(10,545
)
Payments for debt issuance costs
 
(283
)
 
(25
)
Issuance of equity
 
5,000

 

Purchase of treasury stock
 
(99
)
 
(23
)
Proceeds from exercise of stock options
 
24

 
6

Payment of preferred dividend to noncontrolling interest
 
(18
)
 

Proceeds from termination of interest rate derivatives
 
88

 

Net cash flows from financing activities
 
6,639

 
(7,274
)
 
 
 
 
 
NET INCREASE IN CASH AND CASH EQUIVALENTS
 
550

 
27

CASH AND CASH EQUIVALENTS, beginning of period
 
5

 
3

CASH AND CASH EQUIVALENTS, end of period
 
$
555

 
$
30

 
 
 
 
 
CASH PAID FOR INTEREST
 
$
1,014

 
$
545



The accompanying notes are an integral part of these consolidated financial statements.
5