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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 08/09/2016
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Video revenues consist primarily of revenues from basic and digital video services provided to our residential customers, as well as franchise fees, equipment rental and video installation revenue. Excluding the impacts of the Transactions, residential video customers increased by 43,000 from June 30, 2015 to June 30, 2016.

The increase in video revenues is attributable to the following (dollars in millions):

 
Three months ended
June 30, 2016
compared to
three months ended
June 30, 2015
Increase / (Decrease)
 
Six months ended
June 30, 2016
compared to
six months ended
June 30, 2015
Increase / (Decrease)
 
 
 
 
Incremental video services, price adjustments and bundle revenue allocation
$
27

 
$
73

Increase in average basic video customers
10

 
12

Decrease in video on demand and pay-per-view
(10
)
 
(17
)
TWC Transaction
1,228

 
1,228

Bright House Transaction
202

 
202

 
 
 
 
 
$
1,457

 
$
1,498


On a pro forma basis, assuming the Transactions occurred as of January 1, 2015, residential video customers decreased by 30,000 from June 30, 2015 to June 30, 2016 and the increase in video revenues is attributable to the following (dollars in millions):

 
Three months ended
June 30, 2016
compared to
three months ended
June 30, 2015
Increase / (Decrease)
 
Six months ended
June 30, 2016
compared to
six months ended
June 30, 2015
Increase / (Decrease)
 
 
 
 
Incremental video services, price adjustments and bundle revenue allocation
$
123

 
$
246

Decrease in video on demand and pay-per-view
(45
)
 
(63
)
Decrease in average basic video customers
(9
)
 
(20
)
 
 
 
 
 
$
69

 
$
163


Excluding the impacts of the Transactions, residential Internet customers grew by 476,000 customers from June 30, 2015 to June 30, 2016. The increase in Internet revenues from our residential customers is attributable to the following (dollars in millions):

 
Three months ended
June 30, 2016
compared to
three months ended
June 30, 2015
Increase / (Decrease)
 
Six months ended
June 30, 2016
compared to
six months ended
June 30, 2015
Increase / (Decrease)
 
 
 
 
Increase in average residential Internet customers
$
72

 
$
140

Service level changes, price adjustments and bundle revenue allocation
17

 
36

TWC Transaction
956

 
956

Bright House Transaction
162

 
162

 
 
 
 
 
$
1,207

 
$
1,294




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