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SEC Filings

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


PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in millions, except share data)
 
September 30,
2017
 
December 31,
2016
 
(unaudited)
 
 
ASSETS
 
 
 
CURRENT ASSETS:
 
 
 
Cash and cash equivalents
$
2,164

 
$
1,535

Accounts receivable, less allowance for doubtful accounts of
 
 
 
$103 and $124, respectively
1,652

 
1,432

Prepaid expenses and other current assets
316

 
333

Total current assets
4,132

 
3,300

 
 
 
 
INVESTMENT IN CABLE PROPERTIES:
 
 
 
Property, plant and equipment, net of accumulated
 
 
 
depreciation of $16,375 and $11,103, respectively
33,300

 
32,963

Customer relationships, net
12,589

 
14,608

Franchises
67,316

 
67,316

Goodwill
29,554

 
29,509

Total investment in cable properties, net
142,759

 
144,396

 
 
 
 
OTHER NONCURRENT ASSETS
1,337

 
1,371

 
 
 
 
Total assets
$
148,228

 
$
149,067

 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
CURRENT LIABILITIES:
 
 
 
Accounts payable and accrued liabilities
$
8,351

 
$
7,544

Current portion of long-term debt
2,068

 
2,028

Total current liabilities
10,419

 
9,572

 
 
 
 
LONG-TERM DEBT
66,064

 
59,719

DEFERRED INCOME TAXES
26,576

 
26,665

OTHER LONG-TERM LIABILITIES
2,591

 
2,745

 
 
 
 
SHAREHOLDERS’ EQUITY:
 
 
 
Class A common stock; $.001 par value; 900 million shares authorized;
 
 
 
271,017,357 and 268,897,792 shares issued, respectively

 

Class B common stock; $.001 par value; 1,000 shares authorized;
 
 
 
1 share issued and outstanding

 

Preferred stock; $.001 par value; 250 million shares authorized;
 
 
 
no shares issued and outstanding

 

Additional paid-in capital
39,773

 
39,413

Retained earnings
1,206

 
733

Treasury stock at cost; 22,406,923 and no shares, respectively
(7,748
)
 

Accumulated other comprehensive loss
(2
)
 
(7
)
Total Charter shareholders’ equity
33,229

 
40,139

Noncontrolling interests
9,349

 
10,227

Total shareholders’ equity
42,578

 
50,366

 
 
 
 
Total liabilities and shareholders’ equity
$
148,228

 
$
149,067


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