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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 10/26/2017
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CHARTER COMMUNICATIONS, INC. 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
 
$
498

 
$
3,176

Adjustments to reconcile consolidated net income to net cash flows from operating activities:
 
 
 
 
Depreciation and amortization
 
7,846

 
4,412

Stock compensation expense
 
198

 
168

Accelerated vesting of equity awards
 
43

 
202

Noncash interest income, net
 
(283
)
 
(148
)
Other pension benefits
 
(9
)
 
(533
)
Loss on extinguishment of debt
 
35

 
110

(Gain) loss on financial instruments, net
 
15

 
(16
)
Deferred income taxes
 
53

 
(3,170
)
Other, net
 
93

 

Changes in operating assets and liabilities, net of effects from acquisitions:
 
 
 
 
Accounts receivable
 
(101
)
 
(2
)
Prepaid expenses and other assets
 
37

 
85

Accounts payable, accrued liabilities and other
 
271

 
531

Net cash flows from operating activities
 
8,696

 
4,815

 
 
 
 
 
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
 

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

 
22,264

Other, net
 
(63
)
 
(8
)
Net cash flows from investing activities
 
(5,883
)
 
(9,905
)
 
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
Borrowings of long-term debt
 
12,115

 
5,997

Repayments of long-term debt
 
(5,534
)
 
(4,120
)
Payments for debt issuance costs
 
(83
)
 
(283
)
Issuance of equity
 

 
5,000

Purchase of treasury stock
 
(7,748
)
 
(448
)
Proceeds from exercise of stock options
 
111

 
71

Purchase of noncontrolling interest
 
(922
)
 

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

 
88

Other, net
 
(8
)
 

Net cash flows from financing activities
 
(2,184
)
 
6,250

 
 
 
 
 
NET INCREASE IN CASH AND CASH EQUIVALENTS
 
629

 
1,160

CASH AND CASH EQUIVALENTS, beginning of period
 
1,535

 
5

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

 
$
1,165

 
 
 
 
 
CASH PAID FOR INTEREST
 
$
2,544

 
$
1,964

CASH PAID FOR TAXES
 
$
38

 
$
48



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