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SEC Filings

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

 
Three Months ended June 30, 2016
 
 
Charter
 
 
 
Pro Forma
 
Charter
 
Bright
 
Pro Forma
 
Charter
 
 
Historical
1 
TWC
2 
Adjustments
 
Pro Forma
 
House
2 
Adjustments
 
Pro Forma
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REVENUES
$
6,161

 
$
3,285

 
$
20

a 
$
9,466

 
$
531

 
$
(9
)
a 
$
9,988

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs and expenses (exclusive of items shown separately below)
4,004

 
2,169

 
35

a 
6,208

 
344

 
(34
)
a 
6,518

 
Depreciation and amortization
1,436

 
515

 
222

b 
2,173

 
64

 
39

b 
2,276

 
Other operating (income) expenses, net
31

 
20

 
(287
)
c 
(236
)
 

 
(1
)
c 
(237
)
 
 
5,471

 
2,704

 
(30
)
 
8,145

 
408

 
4

 
8,557

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
690

 
581

 
50

 
1,321

 
123

 
(13
)
 
1,431

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OTHER INCOME (EXPENSES):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net
(593
)
 
(182
)
 
54

d 
(721
)
 

 
(2
)
d 
(723
)
 
Loss on extinguishment of debt
(110
)
 

 

 
(110
)
 

 

 
(110
)
 
Loss on financial instruments, net
(50
)
 

 

 
(50
)
 

 

 
(50
)
 
Other income, net
(2
)
 
4

 

 
2

 

 

 
2

 
 
(755
)
 
(178
)
 
54

 
(879
)
 

 
(2
)
 
(881
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before taxes
(65
)
 
403

 
104

 
442

 
123

 
(15
)
 
550

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (expense)
3,179

 
(160
)
 
(3,174
)
e 
(155
)
 

 
(26
)
e 
(181
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated net income
3,114

 
243

 
(3,070
)
 
287

 
123

 
(41
)
 
369

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Noncontrolling interest
(47
)
 

 

 
(47
)
 

 
(42
)
f 
(89
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income before non-recurring charges directly attributable to the Transactions
$
3,067

 
$
243

 
$
(3,070
)
 
$
240

 
$
123

 
$
(83
)
 
$
280

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS PER COMMON SHARE:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
16.73

 
 
 
 
 


 
 
 
 
 
$
1.04

 
Diluted
$
15.17

 
 
 
 
 


 
 
 
 
 
$
0.99

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic and diluted
183,362,776

 
 
 
 
 


 
 
 
 
 
270,464,654

g 
Weighted average common shares outstanding, diluted
205,214,266

 
 
 


 


 
 
 


 
304,798,080

g 

1.
Includes the results of operations of Charter for the three months ended June 30, 2016 and the results of operations of Legacy TWC and Legacy Bright House from the date of acquisition (May 18, 2016) through June 30, 2016.
2.
Includes the results of operations of Legacy TWC and Legacy Bright House for the period from April 1, 2016 through May 17, 2016.