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424B3
INSIGHT COMMUNICATIONS COMPANY L P filed this Form 424B3 on 10/25/2017
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Table of Contents

SELECTED HISTORICAL CONSOLIDATED FINANCIAL DATA

The following table presents selected financial and other data for CCO Holdings and its consolidated subsidiaries and has been derived from (i) the audited consolidated financial statements of CCO Holdings and its subsidiaries for each of the years in the three-year period ended December 31, 2016, audited by KPMG, LLP and incorporated by reference in this prospectus, the audited consolidated financial statements of CCO Holdings and its subsidiaries for the year ended December 31, 2013, which are not incorporated by reference herein, and unaudited internal financial statements prepared by management for the year ended December 31, 2012, which are not incorporated by reference herein, and (ii) the unaudited consolidated financial statements of CCO Holdings and its subsidiaries for the six months ended June 30, 2016 and 2017, incorporated by reference in this prospectus. The following information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” incorporated by reference in this prospectus, as well as the historical consolidated financial statements and related notes incorporated by reference in this prospectus.

 

     Year Ended December 31,      Six Months Ended
June 30,
 
     2012     2013     2014      2015      2016      2016      2017  

Statement of Operations Data:

                  

Revenues

   $ 7,504     $ 8,155     $ 9,108      $ 9,754      $ 29,003      $ 8,691      $ 20,521  

Income from operations

   $ 916     $ 909     $ 971      $ 1,114      $ 2,709      $ 727      $ 1,986  

Interest expense, net

   $ 804     $ 854     $ 889      $ 840      $ 2,123      $ 662      $ 1,473  

Income (loss) before income taxes

   $ 10     $ (57   $ 75      $ 144      $ 1,460      $ 420      $ 472  

Net income (loss) attributable to CCO Holdings member

   $ (35   $ (114   $ 18      $ 308      $ 1,456      $ 413      $ 442  

Balance Sheet Data (end of period):

                  

Total investment in cable properties, net

   $ 14,838     $ 16,526     $ 16,623      $ 16,347      $ 144,151      $ 145,223      $ 142,812  

Total assets

   $ 15,372     $ 17,068     $ 20,684      $ 17,480      $ 148,319      $ 148,573      $ 146,200  

Total debt

   $ 12,808     $ 14,181     $ 17,389      $ 13,945      $ 61,747      $ 62,203      $ 63,248  

Total member’s equity

   $ 615     $ 717     $ 948      $ 1,322      $ 75,863      $ 76,345      $ 71,867  

On May 18, 2016, we consummated the Transactions. Accordingly, the financial data presented above for the year ended December 31, 2016 and the six months ended June 30, 2016 and 2017 reflect the impact of the Transactions and are not comparable to the prior periods presented and may not be indicative of CCO Holdings’ future financial condition or results of operations.

Income from operations for the year ended December 31, 2016 and the six months ended June 30, 2016 has been reduced from what was previously reported by $899 million and $520 million, respectively, to reflect the adoption of Accounting Standards Update No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.

 

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