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SEC Filings

10-Q
CCO HOLDINGS LLC filed this Form 10-Q on 10/27/2017
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The following table sets forth the consolidated statements of operations for the periods presented (dollars in millions, except per share data):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Revenues
$
10,458

 
$
10,037

 
$
30,979

 
$
18,728

 
 
 
 
 
 
 
 
Costs and Expenses:
 
 
 
 
 
 
 
Operating costs and expenses (exclusive of items shown separately below)
6,705

 
6,490

 
19,871

 
12,173

Depreciation and amortization
2,699

 
2,435

 
7,839

 
4,409

Other operating expenses, net
145

 
206

 
374

 
513

 
9,549

 
9,131

 
28,084

 
17,095

Income from operations
909

 
906

 
2,895

 
1,633

 
 
 
 
 
 
 
 
Other Expenses:
 
 
 
 
 
 
 
Interest expense, net
(795
)
 
(729
)
 
(2,268
)
 
(1,391
)
Loss on extinguishment of debt

 

 
(35
)
 
(110
)
Gain (loss) on financial instruments, net
17

 
71

 
(15
)
 
16

Other pension benefits (costs)
(17
)
 
13

 
9

 
533

Other expense, net
(2
)
 
(2
)
 
(2
)
 
(2
)
 
(797
)
 
(647
)
 
(2,311
)
 
(954
)
 
 
 
 
 
 
 
 
Income before income taxes
112

 
259

 
584

 
679

Income tax benefit (expense)
(6
)
 
7

 
(35
)
 

Consolidated net income
106

 
266

 
549

 
679

Less: Net income attributable to noncontrolling interests

 
(1
)
 
(1
)
 
(1
)
 
 
 
 
 
 
 
 
Net income attributable to CCO Holdings member
$
106

 
$
265

 
$
548

 
$
678


Revenues. Total revenues grew $421 million and $12.3 billion for the three and nine months ended September 30, 2017 compared to the corresponding periods in 2016, respectively, primarily due to increases in the number of residential Internet and commercial business customers as well as price adjustments offset by a decrease in basic video customers and advertising sales, and in the nine month period due to the Transactions which increased total revenues by approximately $11.4 billion. On a pro forma basis, assuming the Transactions occurred as of January 1, 2015, total revenue growth was 4.1% for the nine months ended September 30, 2017 compared to the corresponding period in 2016.
    


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