Print Page  Close Window

SEC Filings

10-Q
CCO HOLDINGS LLC filed this Form 10-Q on 10/27/2017
Entire Document
 


Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"). For more information, see Note 17 to the accompanying consolidated financial statements contained in “Item 1. Financial Statements.”

We incurred the following transition costs in connection with the Transactions (in millions).

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Operating expenses
$
23

 
$
32

 
$
104

 
$
78

Other operating expenses
$
67

 
$
205

 
$
293

 
$
513

Capital expenditures
$
125

 
$
109

 
$
287

 
$
273


Amounts included in transition operating expenses and transition capital expenditures represent incremental costs incurred to integrate the Legacy TWC and Legacy Bright House operations and to bring the three companies’ systems and processes into a uniform operating structure.  Costs are incremental and would not be incurred absent the integration.  Other operating expenses associated with the Transactions represent merger and restructuring costs and include advisory, legal and accounting fees, employee retention costs, employee termination costs and other exit costs. 

All customer statistics as of September 30, 2017 include the operations of Legacy TWC, Legacy Bright House and Legacy Charter, each of which is based on individual legacy company reporting methodology. These methodologies differ and their differences may be material. Statistical reporting will be conformed over time to a single reporting methodology. The following table summarizes our customer statistics for video, Internet and voice as of September 30, 2017 and 2016 (in thousands except per customer data and footnotes).

 
Approximate as of
 
September 30,
 
2017 (a)
 
2016 (a)(b)
Customer Relationships (c)
 
 
 
Residential
25,470

 
24,551

Small and Medium Business
1,523

 
1,367

Total Customer Relationships
26,993

 
25,918

 
 
 
 
Residential Primary Service Units (“PSU”)
 
 
 
Video
16,542

 
16,887

Internet
22,282

 
21,017

Voice
10,405

 
10,288

 
49,229

 
48,192

 
 
 
 
Monthly Residential Revenue per Residential Customer (d)
$
110.12

 
$
109.70

 
 
 
 
Small and Medium Business PSUs
 
 
 
Video
440

 
388

Internet
1,321

 
1,185

Voice
881

 
751

 
2,642

 
2,324

 
 
 
 
Monthly Small and Medium Business Revenue per Customer (e)
$
206.64

 
$
214.53

 
 
 
 
Enterprise PSUs (f)
108

 
93


(a)
We calculate the aging of customer accounts based on the monthly billing cycle for each account. On that basis, as of September 30, 2017 and 2016, customers include approximately 218,300 and 200,900 customers, respectively, whose accounts were over 60 days past due, approximately 20,300 and 15,200 customers, respectively, whose accounts were over 90 days past due, and approximately 12,000 and 8,900 customers, respectively, whose accounts were over 120 days past due.


32