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SEC Filings

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


CCO HOLDINGS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
Unaudited
 
Nine Months Ended September 30,
 
2017
 
2016
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Consolidated net income
$
549

 
$
679

Adjustments to reconcile consolidated net income to net cash flows from operating activities:
 
 
 
Depreciation and amortization
7,839

 
4,409

Stock compensation expense
198

 
168

Accelerated vesting of equity awards
43

 
202

Noncash interest income, net
(284
)
 
(148
)
Other pension benefits
(9
)
 
(533
)
Loss on extinguishment of debt
35

 
110

(Gain) loss on financial instruments, net
15

 
(16
)
Deferred income taxes
14

 
(14
)
Other, net
82

 
(10
)
Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
Accounts receivable
(77
)
 
(2
)
Prepaid expenses and other assets
64

 
105

Accounts payable, accrued liabilities and other
6

 
483

Receivables from and payables to related party, including deferred management fees
46

 
105

Net cash flows from operating activities
8,521

 
5,538

 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Purchases of property, plant and equipment
(6,096
)
 
(3,437
)
Change in accrued expenses related to capital expenditures
276

 
86

Purchases of cable systems, net of cash acquired

 
(7
)
Other, net
(63
)
 
(8
)
Net cash flows from investing activities
(5,883
)
 
(3,366
)
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Borrowings of long-term debt
12,115

 
5,997

Repayments of long-term debt
(5,534
)
 
(4,120
)
Borrowings (repayments) loans payable - related parties
163

 
(253
)
Payments for debt issuance costs
(83
)
 
(283
)
Contributions from parent

 
478

Distributions to parent
(8,641
)
 
(3,084
)
Proceeds from termination of interest rate derivatives

 
88

Other, net
(8
)
 
(4
)
Net cash flows from financing activities
(1,988
)
 
(1,181
)
 
 
 
 
NET INCREASE IN CASH AND CASH EQUIVALENTS
650

 
991

CASH AND CASH EQUIVALENTS, beginning of period
1,324

 
5

CASH AND CASH EQUIVALENTS, end of period
$
1,974

 
$
996

 
 
 
 
CASH PAID FOR INTEREST
$
2,544

 
$
1,479

CASH PAID FOR TAXES
$
21

 
$
3



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