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SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 10/26/2017
Entire Document
 

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(dollars in millions)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
Consolidated net income
$
92

 
$
250

 
$
498

 
$
3,176

Adjustments to reconcile consolidated net income to net cash flows from operating activities:
 
 
 
 
 
 
 
Depreciation and amortization
2,701

 
2,437

 
7,846

 
4,412

Stock compensation expense
64

 
81

 
198

 
168

Accelerated vesting of equity awards
6

 
57

 
43

 
202

Noncash interest income, net
(87
)
 
(107
)
 
(283
)
 
(148
)
Other pension (benefits) costs
17

 
(13
)
 
(9
)
 
(533
)
Loss on extinguishment of debt

 

 
35

 
110

(Gain) loss on financial instruments, net
(17
)
 
(71
)
 
15

 
(16
)
Deferred income taxes
11

 
(6
)
 
53

 
(3,170
)
Other, net
85

 

 
93

 

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
 
 
 
Accounts receivable
(162
)
 
98

 
(101
)
 
(2
)
Prepaid expenses and other assets
60

 
74

 
37

 
85

Accounts payable, accrued liabilities and other
138

 
1

 
271

 
531

Net cash flows from operating activities
2,908

 
2,801

 
8,696

 
4,815

 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(2,393
)
 
(1,748
)
 
(6,096
)
 
(3,437
)
Change in accrued expenses related to capital expenditures
79

 
(52
)
 
276

 
86

Purchases of cable systems, net of cash acquired

 

 

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

 

 

 
22,264

Other, net
(14
)
 
(2
)
 
(63
)
 
(8
)
Net cash flows from investing activities
(2,328
)
 
(1,802
)
 
(5,883
)
 
(9,905
)
 
 
 
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
Borrowings of long-term debt
5,014

 

 
12,115

 
5,997

Repayments of long-term debt
(50
)
 
(50
)
 
(5,534
)
 
(4,120
)
Payments for debt issuance costs
(41
)
 

 
(83
)
 
(283
)
Issuance of equity

 

 

 
5,000

Purchase of treasury stock
(3,525
)
 
(349
)
 
(7,748
)
 
(448
)
Proceeds from exercise of stock options
25

 
47

 
111

 
71

Purchase of noncontrolling interest
(493
)
 

 
(922
)
 

Distributions to noncontrolling interest
(38
)
 
(37
)
 
(115
)
 
(55
)
Proceeds from termination of interest rate derivatives

 

 

 
88

Other, net
(2
)
 

 
(8
)
 

Net cash flows from financing activities
890

 
(389
)
 
(2,184
)
 
6,250

 
 
 
 
 
 
 
 
NET INCREASE IN CASH AND CASH EQUIVALENTS
1,470

 
610

 
629

 
1,160

CASH AND CASH EQUIVALENTS, beginning of period
694

 
555

 
1,535

 
5

CASH AND CASH EQUIVALENTS, end of period
$
2,164

 
$
1,165

 
$
2,164

 
$
1,165

 
 
 
 
 
 
 
 
CASH PAID FOR INTEREST
$
891

 
$
950

 
$
2,544

 
$
1,964

CASH PAID FOR TAXES
$
5

 
$
44

 
$
38

 
$
48


Addendum to Charter Communications, Inc. Third Quarter 2017 Earnings Release
Page 4 of 8