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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 11/03/2016
Entire Document
 


CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
Unaudited
 
 
Nine Months Ended September 30,
 
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
Consolidated net income (loss)
 
$
3,176

 
$
(149
)
Adjustments to reconcile consolidated net income (loss) to net cash flows from operating activities:
 
 
 
 
Depreciation and amortization
 
4,412

 
1,580

Stock compensation expense
 
168

 
58

Accelerated vesting of equity awards
 
202

 

Noncash interest (income) expense, net
 
(148
)
 
21

Other pension benefits
 
(533
)
 

Loss on extinguishment of debt
 
110

 
128

(Gain) loss on financial instruments, net
 
(16
)
 
10

Deferred income taxes
 
(3,170
)
 
(76
)
Other, net
 

 
8

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
Accounts receivable
 
(2
)
 
(7
)
Prepaid expenses and other assets
 
85

 
(19
)
Accounts payable, accrued liabilities and other
 
531

 
194

Net cash flows from operating activities
 
4,815

 
1,748

 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
Purchases of property, plant and equipment
 
(3,437
)
 
(1,292
)
Change in accrued expenses related to capital expenditures
 
86

 
11

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

Change in restricted cash and cash equivalents
 
22,264

 
(12,515
)
Other, net
 
(8
)
 
(69
)
Net cash flows from investing activities
 
(9,905
)
 
(13,865
)
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Borrowings of long-term debt
 
5,997

 
23,062

Repayments of long-term debt
 
(4,120
)
 
(10,911
)
Payments for debt issuance costs
 
(283
)
 
(35
)
Issuance of equity
 
5,000

 

Purchase of treasury stock
 
(448
)
 
(24
)
Proceeds from exercise of stock options
 
71

 
22

Payment of preferred dividend to noncontrolling interest
 
(55
)
 

Proceeds from termination of interest rate derivatives
 
88

 

Net cash flows from financing activities
 
6,250

 
12,114

 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
1,160

 
(3
)
CASH AND CASH EQUIVALENTS, beginning of period
 
5

 
3

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

 
$

 
 
 
 
 
CASH PAID FOR INTEREST
 
$
1,964

 
$
747



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