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SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 11/03/2016
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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Consolidated net income (loss)
$
250

 
$
54

 
$
3,176

 
$
(149
)
Adjustments to reconcile consolidated net income (loss) to net cash flows from operating activities:
 
 
 
 
 
 
 
Depreciation and amortization
2,437

 
538

 
4,412

 
1,580

Stock compensation expense
81

 
20

 
168

 
58

Accelerated vesting of equity awards
57

 

 
202

 

Noncash interest (income) expense, net
(107
)
 
6

 
(148
)
 
21

Other pension benefits
(15
)
 

 
(533
)
 

Loss on extinguishment of debt

 

 
110

 
128

(Gain) loss on financial instruments, net
(71
)
 
5

 
(16
)
 
10

Deferred income taxes
(6
)
 
(142
)
 
(3,170
)
 
(76
)
Other, net
2

 
2

 

 
8

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
 
 
 
Accounts receivable
98

 
30

 
(2
)
 
(7
)
Prepaid expenses and other assets
74

 
1

 
85

 
(19
)
Accounts payable, accrued liabilities and other
1

 
175

 
531

 
194

Net cash flows from operating activities
2,801

 
689

 
4,815

 
1,748

 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(1,748
)
 
(509
)
 
(3,437
)
 
(1,292
)
Change in accrued expenses related to capital expenditures
(52
)
 
28

 
86

 
11

Purchases of cable systems, net of cash acquired

 

 
(28,810
)
 

Change in restricted cash and cash equivalents

 
(19,626
)
 
22,264

 
(12,515
)
Other, net
(2
)
 

 
(8
)
 
(69
)
Net cash flows from investing activities
(1,802
)
 
(20,107
)
 
(9,905
)
 
(13,865
)
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings of long-term debt

 
19,749

 
5,997

 
23,062

Repayments of long-term debt
(50
)
 
(366
)
 
(4,120
)
 
(10,911
)
Payments for debt issuance costs

 
(10
)
 
(283
)
 
(35
)
Issuance of equity

 

 
5,000

 

Purchase of treasury stock
(349
)
 
(1
)
 
(448
)
 
(24
)
Proceeds from exercise of stock options
47

 
16

 
71

 
22

Payment of preferred dividend to noncontrolling interest
(37
)
 

 
(55
)
 

Proceeds from termination of interest rate derivatives

 

 
88

 

Net cash flows from financing activities
(389
)
 
19,388

 
6,250

 
12,114

 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
610

 
(30
)
 
1,160

 
(3
)
CASH AND CASH EQUIVALENTS, beginning of period
555

 
30

 
5

 
3

CASH AND CASH EQUIVALENTS, end of period
$
1,165

 
$

 
$
1,165

 
$

 
 
 
 
 
 
 
 
CASH PAID FOR INTEREST
$
950

 
$
202

 
$
1,964

 
$
747


Addendum to Charter Communications, Inc. Third Quarter 2016 Earnings Release
Page 4 of 8