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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 07/27/2017
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CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
Unaudited
 
 
Six Months Ended June 30,
 
 
2017
 
2016
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
Consolidated net income
 
$
406

 
$
2,926

Adjustments to reconcile consolidated net income to net cash flows from operating activities:
 
 
 
 
Depreciation and amortization
 
5,145

 
1,975

Stock compensation expense
 
134

 
87

Accelerated vesting of equity awards
 
37

 
145

Noncash interest income, net
 
(196
)
 
(41
)
Other pension benefits
 
(26
)
 
(520
)
Loss on extinguishment of debt
 
35

 
110

Loss on financial instruments, net
 
32

 
55

Deferred income taxes
 
42

 
(3,164
)
Other, net
 
8

 

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
Accounts receivable
 
61

 
(100
)
Prepaid expenses and other assets
 
(23
)
 
11

Accounts payable, accrued liabilities and other
 
133

 
530

Net cash flows from operating activities
 
5,788

 
2,014

 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
Purchases of property, plant and equipment
 
(3,703
)
 
(1,689
)
Change in accrued expenses related to capital expenditures
 
197

 
138

Purchases of cable systems, net of cash acquired
 

 
(28,810
)
Change in restricted cash and cash equivalents
 

 
22,264

Other, net
 
(49
)
 
(6
)
Net cash flows from investing activities
 
(3,555
)
 
(8,103
)
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Borrowings of long-term debt
 
7,146

 
5,997

Repayments of long-term debt
 
(5,529
)
 
(4,070
)
Payments for debt issuance costs
 
(42
)
 
(283
)
Issuance of equity
 

 
5,000

Purchase of treasury stock
 
(4,223
)
 
(99
)
Proceeds from exercise of stock options
 
86

 
24

Purchase of noncontrolling interest
 
(429
)
 

Distributions to noncontrolling interest
 
(75
)
 
(18
)
Proceeds from termination of interest rate derivatives
 

 
88

Other, net
 
(8
)
 

Net cash flows from financing activities
 
(3,074
)
 
6,639

 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
 
(841
)
 
550

CASH AND CASH EQUIVALENTS, beginning of period
 
1,535

 
5

CASH AND CASH EQUIVALENTS, end of period
 
$
694

 
$
555

 
 
 
 
 
CASH PAID FOR INTEREST
 
$
1,653

 
$
1,014

CASH PAID FOR TAXES
 
$
33

 
$
4



The accompanying notes are an integral part of these consolidated financial statements.
4