Consolidating Schedules (Notes) | 12 Months Ended |
Dec. 31, 2013 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
Consolidating Schedules | ' |
Consolidating Schedules |
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The CCO Holdings notes and the CCO Holdings credit facility are obligations of CCO Holdings. However, the CCO Holdings notes are also jointly, severally, fully and unconditionally guaranteed on an unsecured senior basis by Charter. |
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The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Affiliates Whose Securities Collateralize an Issue Registered or Being Registered. This information is not intended to present the financial position, results of operations and cash flows of the individual companies or groups of companies in accordance with generally accepted accounting principles. |
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Condensed consolidating financial statements as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011 follow. |
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Charter Communications, Inc. |
Condensed Consolidating Balance Sheet |
As of December 31, 2013 |
| | | | | | | | | | | |
| Charter | | Intermediate Holding Companies | | CCO Holdings | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
ASSETS | | | | | | | | | | | |
| | | | | | | | | | | |
CURRENT ASSETS: | | | | | | | | | | | |
Cash and cash equivalents | $ | — | | | $ | 5 | | | $ | — | | | $ | 16 | | | $ | — | | | $ | 21 | |
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Accounts receivable, net | 4 | | | 4 | | | — | | | 226 | | | — | | | 234 | |
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Receivables from related party | 54 | | | 170 | | | 11 | | | — | | | (235 | ) | | — | |
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Prepaid expenses and other current assets | 14 | | | 10 | | | — | | | 43 | | | — | | | 67 | |
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Total current assets | 72 | | | 189 | | | 11 | | | 285 | | | (235 | ) | | 322 | |
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INVESTMENT IN CABLE PROPERTIES: | | | | | | | | | | |
Property, plant and equipment, net | — | | | 30 | | | — | | | 7,951 | | | — | | | 7,981 | |
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Franchises | — | | | — | | | — | | | 6,009 | | | — | | | 6,009 | |
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Customer relationships, net | — | | | — | | | — | | | 1,389 | | | — | | | 1,389 | |
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Goodwill | — | | | — | | | — | | | 1,177 | | | — | | | 1,177 | |
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Total investment in cable properties, net | — | | | 30 | | | — | | | 16,526 | | | — | | | 16,556 | |
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CC VIII PREFERRED INTEREST | — | | | 392 | | | — | | | — | | | (392 | ) | | — | |
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INVESTMENT IN SUBSIDIARIES | 1,295 | | | 325 | | | 10,592 | | | — | | | (12,212 | ) | | — | |
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LOANS RECEIVABLE – RELATED PARTY | — | | | 318 | | | 461 | | | — | | | (779 | ) | | — | |
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OTHER NONCURRENT ASSETS | — | | | 160 | | | 119 | | | 138 | | | — | | | 417 | |
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Total assets | $ | 1,367 | | | $ | 1,414 | | | $ | 11,183 | | | $ | 16,949 | | | $ | (13,618 | ) | | $ | 17,295 | |
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LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | | | | | | |
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CURRENT LIABILITIES: | | | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 12 | | | $ | 113 | | | $ | 187 | | | $ | 1,155 | | | $ | — | | | $ | 1,467 | |
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Payables to related party | — | | | — | | | — | | | 235 | | | (235 | ) | | — | |
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Total current liabilities | 12 | | | 113 | | | 187 | | | 1,390 | | | (235 | ) | | 1,467 | |
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LONG-TERM DEBT | — | | | — | | | 10,671 | | | 3,510 | | | — | | | 14,181 | |
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LOANS PAYABLE – RELATED PARTY | — | | | — | | | — | | | 779 | | | (779 | ) | | — | |
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DEFERRED INCOME TAXES | 1,204 | | | — | | | — | | | 227 | | | — | | | 1,431 | |
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OTHER LONG-TERM LIABILITIES | — | | | 6 | | | — | | | 59 | | | — | | | 65 | |
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Shareholders’/Member’s equity | 151 | | | 1,295 | | | 325 | | | 10,592 | | | (12,212 | ) | | 151 | |
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Non-controlling interest | — | | | — | | | — | | | 392 | | | (392 | ) | | — | |
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Total shareholders’/member’s equity | 151 | | | 1,295 | | | 325 | | | 10,984 | | | (12,604 | ) | | 151 | |
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Total liabilities and shareholders’/member’s equity | $ | 1,367 | | | $ | 1,414 | | | $ | 11,183 | | | $ | 16,949 | | | $ | (13,618 | ) | | $ | 17,295 | |
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Charter Communications, Inc. |
Condensed Consolidating Balance Sheet |
As of December 31, 2012 |
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| Charter | | Intermediate Holding Companies | | CCO Holdings | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
ASSETS | | | | | | | | | | | |
| | | | | | | | | | | |
CURRENT ASSETS: | | | | | | | | | | | |
Cash and cash equivalents | $ | 1 | | | $ | — | | | $ | — | | | $ | 6 | | | $ | — | | | $ | 7 | |
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Restricted cash and cash equivalents | — | | | — | | | — | | | 27 | | | — | | | 27 | |
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Accounts receivable, net | 1 | | | 3 | | | — | | | 230 | | | — | | | 234 | |
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Receivables from related party | 59 | | | 176 | | | 11 | | | — | | | (246 | ) | | — | |
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Prepaid expenses and other current assets | 16 | | | 8 | | | — | | | 38 | | | — | | | 62 | |
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Total current assets | 77 | | | 187 | | | 11 | | | 301 | | | (246 | ) | | 330 | |
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INVESTMENT IN CABLE PROPERTIES: | | | | | | | | | | |
Property, plant and equipment, net | — | | | 32 | | | — | | | 7,174 | | | — | | | 7,206 | |
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Franchises | — | | | — | | | — | | | 5,287 | | | — | | | 5,287 | |
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Customer relationships, net | — | | | — | | | — | | | 1,424 | | | — | | | 1,424 | |
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Goodwill | — | | | — | | | — | | | 953 | | | — | | | 953 | |
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Total investment in cable properties, net | — | | | 32 | | | — | | | 14,838 | | | — | | | 14,870 | |
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CC VIII PREFERRED INTEREST | 104 | | | 242 | | | — | | | — | | | (346 | ) | | — | |
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INVESTMENT IN SUBSIDIARIES | 1,081 | | | 269 | | | 9,485 | | | — | | | (10,835 | ) | | — | |
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LOANS RECEIVABLE – RELATED PARTY | — | | | 309 | | | 359 | | | — | | | (668 | ) | | — | |
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OTHER NONCURRENT ASSETS | — | | | 163 | | | 118 | | | 115 | | | — | | | 396 | |
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Total assets | $ | 1,262 | | | $ | 1,202 | | | $ | 9,973 | | | $ | 15,254 | | | $ | (12,095 | ) | | $ | 15,596 | |
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LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | | | | | | |
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CURRENT LIABILITIES: | | | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 12 | | | $ | 121 | | | $ | 146 | | | $ | 945 | | | $ | — | | | $ | 1,224 | |
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Payables to related party | — | | | — | | | — | | | 246 | | | (246 | ) | | — | |
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Total current liabilities | 12 | | | 121 | | | 146 | | | 1,191 | | | (246 | ) | | 1,224 | |
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LONG-TERM DEBT | — | | | — | | | 9,558 | | | 3,250 | | | — | | | 12,808 | |
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LOANS PAYABLE – RELATED PARTY | — | | | — | | | — | | | 668 | | | (668 | ) | | — | |
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DEFERRED INCOME TAXES | 1,101 | | | — | | | — | | | 220 | | | — | | | 1,321 | |
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OTHER LONG-TERM LIABILITIES | — | | | — | | | — | | | 94 | | | — | | | 94 | |
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Shareholders’/Member’s equity | 149 | | | 1,081 | | | 269 | | | 9,485 | | | (10,835 | ) | | 149 | |
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Non-controlling interest | — | | | — | | | — | | | 346 | | | (346 | ) | | — | |
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Total shareholders’/member’s equity | 149 | | | 1,081 | | | 269 | | | 9,831 | | | (11,181 | ) | | 149 | |
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Total liabilities and shareholders’/member’s equity | $ | 1,262 | | | $ | 1,202 | | | $ | 9,973 | | | $ | 15,254 | | | $ | (12,095 | ) | | $ | 15,596 | |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Operations |
For the year ended December 31, 2013 |
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| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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REVENUES | $ | 22 | | | $ | 188 | | | $ | — | | | $ | 8,155 | | | $ | (210 | ) | | $ | 8,155 | |
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COSTS AND EXPENSES: | | | | | | | | | | | |
Operating costs and expenses (excluding depreciation and amortization) | 22 | | | 188 | | | — | | | 5,345 | | | (210 | ) | | 5,345 | |
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Depreciation and amortization | — | | | — | | | — | | | 1,854 | | | — | | | 1,854 | |
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Other operating expenses, net | — | | | — | | | — | | | 31 | | | — | | | 31 | |
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| 22 | | | 188 | | | — | | | 7,230 | | | (210 | ) | | 7,230 | |
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Income from operations | — | | | — | | | — | | | 925 | | | — | | | 925 | |
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OTHER INCOME AND (EXPENSES): | | | | | | | | | | | |
Interest expense, net | — | | | 8 | | | (681 | ) | | (173 | ) | | — | | | (846 | ) |
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Loss on extinguishment of debt | — | | | — | | | (65 | ) | | (58 | ) | | — | | | (123 | ) |
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Gain on derivative instruments, net | — | | | — | | | — | | | 11 | | | — | | | 11 | |
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Other expense, net | — | | | — | | | — | | | (16 | ) | | — | | | (16 | ) |
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Equity in income (loss) of subsidiaries | (75 | ) | | (114 | ) | | 632 | | | — | | | (443 | ) | | — | |
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| (75 | ) | | (106 | ) | | (114 | ) | | (236 | ) | | (443 | ) | | (974 | ) |
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Income (loss) before income taxes | (75 | ) | | (106 | ) | | (114 | ) | | 689 | | | (443 | ) | | (49 | ) |
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INCOME TAX EXPENSE | (108 | ) | | (1 | ) | | — | | | (11 | ) | | — | | | (120 | ) |
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Consolidated net income (loss) | (183 | ) | | (107 | ) | | (114 | ) | | 678 | | | (443 | ) | | (169 | ) |
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Less: Net (income) loss – non-controlling interest | 14 | | | 32 | | | — | | | (46 | ) | | — | | | — | |
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Net income (loss) | $ | (169 | ) | | $ | (75 | ) | | $ | (114 | ) | | $ | 632 | | | $ | (443 | ) | | $ | (169 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Operations |
For the year ended December 31, 2012 |
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| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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REVENUES | $ | 24 | | | $ | 159 | | | $ | — | | | $ | 7,504 | | | $ | (183 | ) | | $ | 7,504 | |
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COSTS AND EXPENSES: | | | | | | | | | | | |
Operating costs and expenses (excluding depreciation and amortization) | 24 | | | 159 | | | — | | | 4,860 | | | (183 | ) | | 4,860 | |
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Depreciation and amortization | — | | | — | | | — | | | 1,713 | | | — | | | 1,713 | |
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Other operating expenses, net | — | | | — | | | — | | | 15 | | | — | | | 15 | |
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| 24 | | | 159 | | | — | | | 6,588 | | | (183 | ) | | 6,588 | |
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Income from operations | — | | | — | | | — | | | 916 | | | — | | | 916 | |
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OTHER INCOME AND (EXPENSES): | | | | | | | | | | | |
Interest expense, net | — | | | (103 | ) | | (541 | ) | | (263 | ) | | — | | | (907 | ) |
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Gain (loss) on extinguishment of debt | — | | | 46 | | | — | | | (101 | ) | | — | | | (55 | ) |
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Other expense, net | — | | | — | | | — | | | (1 | ) | | — | | | (1 | ) |
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Equity in income (loss) of subsidiaries | (63 | ) | | (35 | ) | | 506 | | | — | | | (408 | ) | | — | |
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| (63 | ) | | (92 | ) | | (35 | ) | | (365 | ) | | (408 | ) | | (963 | ) |
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Income (loss) before income taxes | (63 | ) | | (92 | ) | | (35 | ) | | 551 | | | (408 | ) | | (47 | ) |
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INCOME TAX EXPENSE | (254 | ) | | — | | | — | | | (3 | ) | | — | | | (257 | ) |
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Consolidated net income (loss) | (317 | ) | | (92 | ) | | (35 | ) | | 548 | | | (408 | ) | | (304 | ) |
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Less: Net (income) loss – non-controlling interest | 13 | | | 29 | | | — | | | (42 | ) | | — | | | — | |
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Net income (loss) | $ | (304 | ) | | $ | (63 | ) | | $ | (35 | ) | | $ | 506 | | | $ | (408 | ) | | $ | (304 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Operations |
For the year ended December 31, 2011 |
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| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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REVENUES | $ | 33 | | | $ | 124 | | | $ | — | | | $ | 7,204 | | | $ | (157 | ) | | $ | 7,204 | |
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COSTS AND EXPENSES: | | | | | | | | | | | |
Operating costs and expenses (excluding depreciation and amortization) | 33 | | | 124 | | | — | | | 4,564 | | | (157 | ) | | 4,564 | |
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Depreciation and amortization | — | | | — | | | — | | | 1,592 | | | — | | | 1,592 | |
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Other operating expenses, net | — | | | — | | | — | | | 7 | | | — | | | 7 | |
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| 33 | | | 124 | | | — | | | 6,163 | | | (157 | ) | | 6,163 | |
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Income from operations | — | | | — | | | — | | | 1,041 | | | — | | | 1,041 | |
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OTHER INCOME AND (EXPENSES): | | | | | | | | | | | |
Interest expense, net | — | | | (191 | ) | | (381 | ) | | (391 | ) | | — | | | (963 | ) |
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Loss on extinguishment of debt | — | | | (6 | ) | | — | | | (137 | ) | | — | | | (143 | ) |
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Other expense, net | — | | | — | | | — | | | (5 | ) | | — | | | (5 | ) |
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Equity in income (loss) of subsidiaries | (87 | ) | | 82 | | | 463 | | | — | | | (458 | ) | | — | |
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| (87 | ) | | (115 | ) | | 82 | | | (533 | ) | | (458 | ) | | (1,111 | ) |
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Income (loss) before income taxes | (87 | ) | | (115 | ) | | 82 | | | 508 | | | (458 | ) | | (70 | ) |
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INCOME TAX EXPENSE | (295 | ) | | (1 | ) | | — | | | (3 | ) | | — | | | (299 | ) |
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Consolidated net income (loss) | (382 | ) | | (116 | ) | | 82 | | | 505 | | | (458 | ) | | (369 | ) |
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Less: Net (income) loss – non-controlling interest | 13 | | | 29 | | | — | | | (42 | ) | | — | | | — | |
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Net income (loss) | $ | (369 | ) | | $ | (87 | ) | | $ | 82 | | | $ | 463 | | | $ | (458 | ) | | $ | (369 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Comprehensive Income (Loss) |
For the year ended December 31, 2013 |
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| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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Consolidated net income (loss) | $ | (183 | ) | | $ | (107 | ) | | $ | (114 | ) | | $ | 678 | | | $ | (443 | ) | | $ | (169 | ) |
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Net impact of interest rate derivative instruments, net of tax | — | | | — | | | — | | | 34 | | | — | | | 34 | |
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Comprehensive income (loss) | $ | (183 | ) | | $ | (107 | ) | | $ | (114 | ) | | $ | 712 | | | $ | (443 | ) | | $ | (135 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Comprehensive Income (Loss) |
For the year ended December 31, 2012 |
| | | | | | | | | | | |
| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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Consolidated net income (loss) | $ | (317 | ) | | $ | (92 | ) | | $ | (35 | ) | | $ | 548 | | | $ | (408 | ) | | $ | (304 | ) |
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Net impact of interest rate derivative instruments, net of tax | — | | | — | | | — | | | (10 | ) | | — | | | (10 | ) |
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Comprehensive income (loss) | $ | (317 | ) | | $ | (92 | ) | | $ | (35 | ) | | $ | 538 | | | $ | (408 | ) | | $ | (314 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Comprehensive Income (Loss) |
For the year ended December 31, 2011 |
| | | | | | | | | | | |
| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
| | | | | | | | | | | |
Consolidated net income (loss) | $ | (382 | ) | | $ | (116 | ) | | $ | 82 | | | $ | 505 | | | $ | (458 | ) | | $ | (369 | ) |
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Net impact of interest rate derivative instruments, net of tax | — | | | — | | | — | | | (8 | ) | | — | | | (8 | ) |
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Comprehensive income (loss) | $ | (382 | ) | | $ | (116 | ) | | $ | 82 | | | $ | 497 | | | $ | (458 | ) | | $ | (377 | ) |
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Charter Communications, Inc. |
Condensed Consolidating Statement of Cash Flows |
For the year ended December 31, 2013 |
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| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
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CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | |
Consolidated net income (loss) | $ | (183 | ) | | $ | (107 | ) | | $ | (114 | ) | | $ | 678 | | | $ | (443 | ) | | $ | (169 | ) |
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Adjustments to reconcile net income (loss) to net cash flows from operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | — | | | — | | | 1,854 | | | — | | | 1,854 | |
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Noncash interest expense | — | | | — | | | 27 | | | 16 | | | — | | | 43 | |
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Loss on extinguishment of debt | — | | | — | | | 65 | | | 58 | | | — | | | 123 | |
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Gain on derivative instruments, net | — | | | — | | | — | | | (11 | ) | | — | | | (11 | ) |
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Deferred income taxes | 105 | | | — | | | — | | | 7 | | | — | | | 112 | |
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Equity in (income) losses of subsidiaries | 75 | | | 114 | | | (632 | ) | | — | | | 443 | | | — | |
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Other, net | — | | | — | | | — | | | 82 | | | — | | | 82 | |
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Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | | | | | | | | | | | |
Accounts receivable | (3 | ) | | (1 | ) | | — | | | 14 | | | — | | | 10 | |
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Prepaid expenses and other assets | — | | | 1 | | | — | | | (1 | ) | | — | | | — | |
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Accounts payable, accrued liabilities and other | — | | | (3 | ) | | 41 | | | 76 | | | — | | | 114 | |
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Receivables from and payables to related party | 5 | | | (1 | ) | | (10 | ) | | 6 | | | — | | | — | |
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Net cash flows from operating activities | (1 | ) | | 3 | | | (623 | ) | | 2,779 | | | — | | | 2,158 | |
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CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | |
Purchases of property, plant and equipment | — | | | — | | | — | | | (1,825 | ) | | — | | | (1,825 | ) |
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Change in accrued expenses related to capital expenditures | — | | | — | | | — | | | 76 | | | — | | | 76 | |
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Purchases of cable systems, net | — | | | — | | | — | | | (676 | ) | | — | | | (676 | ) |
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Contribution to subsidiary | (89 | ) | | (534 | ) | | (1,022 | ) | | — | | | 1,645 | | | — | |
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Distributions from subsidiary | — | | | 6 | | | 630 | | | — | | | (636 | ) | | — | |
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Other, net | — | | | 1 | | | — | | | (19 | ) | | — | | | (18 | ) |
|
| | | | | | | | | | | |
Net cash flows from investing activities | (89 | ) | | (527 | ) | | (392 | ) | | (2,444 | ) | | 1,009 | | | (2,443 | ) |
|
| | | | | | | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | |
Borrowings of long-term debt | — | | | — | | | 2,000 | | | 4,782 | | | — | | | 6,782 | |
|
Repayments of long-term debt | — | | | — | | | (955 | ) | | (5,565 | ) | | — | | | (6,520 | ) |
|
Borrowings (payments) loans payable - related parties | — | | | — | | | (93 | ) | | 93 | | | — | | | — | |
|
Payment for debt issuance costs | — | | | — | | | (25 | ) | | (25 | ) | | — | | | (50 | ) |
|
Purchase of treasury stock | (15 | ) | | — | | | — | | | — | | | — | | | (15 | ) |
|
Proceeds from exercise of options and warrants | 104 | | | — | | | — | | | — | | | — | | | 104 | |
|
Contributions from parent | — | | | 534 | | | 89 | | | 1,022 | | | (1,645 | ) | | — | |
|
Distributions to parent | — | | | (5 | ) | | (1 | ) | | (630 | ) | | 636 | | | — | |
|
Other, net | — | | | — | | | — | | | (2 | ) | | — | | | (2 | ) |
|
| | | | | | | | | | | |
Net cash flows from financing activities | 89 | | | 529 | | | 1,015 | | | (325 | ) | | (1,009 | ) | | 299 | |
|
| | | | | | | | | | | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1 | ) | | 5 | | | — | | | 10 | | | — | | | 14 | |
|
CASH AND CASH EQUIVALENTS, beginning of period | 1 | | | — | | | — | | | 6 | | | — | | | 7 | |
|
| | | | | | | | | | | |
CASH AND CASH EQUIVALENTS, end of period | $ | — | | | $ | 5 | | | $ | — | | | $ | 16 | | | $ | — | | | $ | 21 | |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
Charter Communications, Inc. |
Condensed Consolidating Statement of Cash Flows |
For the year ended December 31, 2012 |
| | | | | | | | | | | |
| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
| | | | | | | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | |
Consolidated net income (loss) | $ | (317 | ) | | $ | (92 | ) | | $ | (35 | ) | | $ | 548 | | | $ | (408 | ) | | $ | (304 | ) |
|
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | — | | | — | | | 1,713 | | | — | | | 1,713 | |
|
Noncash interest expense | — | | | (23 | ) | | 18 | | | 50 | | | — | | | 45 | |
|
(Gain) loss on extinguishment of debt | — | | | (46 | ) | | — | | | 101 | | | — | | | 55 | |
|
Deferred income taxes | 252 | | | — | | | — | | | (2 | ) | | — | | | 250 | |
|
Equity in (income) losses of subsidiaries | 63 | | | 35 | | | (506 | ) | | — | | | 408 | | | — | |
|
Other, net | — | | | — | | | — | | | 45 | | | — | | | 45 | |
|
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | | | | | | | | | | | |
Accounts receivable | (1 | ) | | 1 | | | — | | | 34 | | | — | | | 34 | |
|
Prepaid expenses and other assets | 2 | | | 8 | | | — | | | (18 | ) | | — | | | (8 | ) |
|
Accounts payable, accrued liabilities and other | — | | | (87 | ) | | 47 | | | 86 | | | — | | | 46 | |
|
Receivables from and payables to related party | (1 | ) | | (1 | ) | | (11 | ) | | 13 | | | — | | | — | |
|
| | | | | | | | | | | |
Net cash flows from operating activities | (2 | ) | | (205 | ) | | (487 | ) | | 2,570 | | | — | | | 1,876 | |
|
| | | | | | | | | | | |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | |
Purchases of property, plant and equipment | — | | | — | | | — | | | (1,745 | ) | | — | | | (1,745 | ) |
|
Change in accrued expenses related to capital expenditures | — | | | — | | | — | | | 13 | | | — | | | 13 | |
|
Sales of cable systems, net | — | | | — | | | — | | | 19 | | | — | | | 19 | |
|
Contribution to subsidiary | (14 | ) | | (71 | ) | | (2,330 | ) | | — | | | 2,415 | | | — | |
|
Distributions from subsidiary | 12 | | | 1,891 | | | 2,014 | | | — | | | (3,917 | ) | | — | |
|
Other, net | — | | | — | | | — | | | (24 | ) | | — | | | (24 | ) |
|
| | | | | | | | | | | |
Net cash flows from investing activities | (2 | ) | | 1,820 | | | (316 | ) | | (1,737 | ) | | (1,502 | ) | | (1,737 | ) |
|
| | | | | | | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | |
Borrowings of long-term debt | — | | | — | | | 2,984 | | | 2,846 | | | — | | | 5,830 | |
|
Repayments of long-term debt | — | | | (1,621 | ) | | — | | | (4,280 | ) | | — | | | (5,901 | ) |
|
Borrowings (payments) loans payable - related parties | — | | | — | | | (314 | ) | | 314 | | | — | | | — | |
|
Payment for debt issuance costs | — | | | — | | | (39 | ) | | (14 | ) | | — | | | (53 | ) |
|
Purchase of treasury stock | (11 | ) | | — | | | — | | | — | | | — | | | (11 | ) |
|
Proceeds from exercise of options and warrants | 15 | | | — | | | — | | | — | | | — | | | 15 | |
|
Contributions from parent | — | | | 84 | | | 1 | | | 2,330 | | | (2,415 | ) | | — | |
|
Distributions to parent | — | | | (72 | ) | | (1,831 | ) | | (2,014 | ) | | 3,917 | | | — | |
|
Other, net | 1 | | | (6 | ) | | — | | | (9 | ) | | — | | | (14 | ) |
|
| | | | | | | | | | | |
Net cash flows from financing activities | 5 | | | (1,615 | ) | | 801 | | | (827 | ) | | 1,502 | | | (134 | ) |
|
| | | | | | | | | | | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1 | | | — | | | (2 | ) | | 6 | | | — | | | 5 | |
|
CASH AND CASH EQUIVALENTS, beginning of period | — | | | — | | | 2 | | | — | | | — | | | 2 | |
|
| | | | | | | | | | | |
CASH AND CASH EQUIVALENTS, end of period | $ | 1 | | | $ | — | | | $ | — | | | $ | 6 | | | $ | — | | | $ | 7 | |
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
Charter Communications, Inc. |
Condensed Consolidating Statement of Cash Flows |
For the year ended December 31, 2011 |
| | | | | | | | | | | |
| Charter | | Intermediate Holding Companies | | CCO | | Charter Operating and Subsidiaries | | Eliminations | | Charter Consolidated |
Holdings |
| | | | | | | | | | | |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | |
Consolidated net income (loss) | $ | (382 | ) | | $ | (116 | ) | | $ | 82 | | | $ | 505 | | | $ | (458 | ) | | $ | (369 | ) |
|
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | | | | | | | | | | | |
Depreciation and amortization | — | | | — | | | — | | | 1,592 | | | — | | | 1,592 | |
|
Noncash interest expense | — | | | (38 | ) | | 20 | | | 52 | | | — | | | 34 | |
|
Loss on extinguishment of debt | — | | | 6 | | | — | | | 137 | | | — | | | 143 | |
|
Deferred income taxes | 294 | | | — | | | — | | | (4 | ) | | — | | | 290 | |
|
Equity in (income) losses of subsidiaries | 87 | | | (82 | ) | | (463 | ) | | — | | | 458 | | | — | |
|
Other, net | — | | | — | | | — | | | 33 | | | — | | | 33 | |
|
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | | | | | | | | | | | |
Accounts receivable | — | | | (5 | ) | | — | | | (19 | ) | | — | | | (24 | ) |
|
Prepaid expenses and other assets | 1 | | | (1 | ) | | — | | | 1 | | | — | | | 1 | |
|
Accounts payable, accrued liabilities and other | 1 | | | (16 | ) | | 58 | | | (6 | ) | | — | | | 37 | |
|
Receivables from and payables to related party | (1 | ) | | — | | | (7 | ) | | 8 | | | — | | | — | |
|
| | | | | | | | | | | |
Net cash flows from operating activities | — | | | (252 | ) | | (310 | ) | | 2,299 | | | — | | | 1,737 | |
|
| | | | | | | | | | | |
CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | |
Purchases of property, plant and equipment | — | | | — | | | — | | | (1,311 | ) | | — | | | (1,311 | ) |
|
Change in accrued expenses related to capital expenditures | — | | | — | | | — | | | 57 | | | — | | | 57 | |
|
Purchases of cable systems, net | — | | | — | | | — | | | (88 | ) | | — | | | (88 | ) |
|
Contribution to subsidiary | — | | | — | | | (2,837 | ) | | — | | | 2,837 | | | — | |
|
Distributions from subsidiary | 528 | | | 4,956 | | | 650 | | | — | | | (6,134 | ) | | — | |
|
Other, net | — | | | — | | | — | | | (24 | ) | | — | | | (24 | ) |
|
| | | | | | | | | | | |
Net cash flows from investing activities | 528 | | | 4,956 | | | (2,187 | ) | | (1,366 | ) | | (3,297 | ) | | (1,366 | ) |
|
| | | | | | | | | | | |
CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | |
Borrowings of long-term debt | — | | | — | | | 3,640 | | | 1,849 | | | — | | | 5,489 | |
|
Repayments of long-term debt | — | | | (332 | ) | | — | | | (4,740 | ) | | — | | | (5,072 | ) |
|
Borrowings (payments) loans payable - related parties | — | | | — | | | 223 | | | (223 | ) | | — | | | — | |
|
Payment for debt issuance costs | — | | | — | | | (54 | ) | | (8 | ) | | — | | | (62 | ) |
|
Purchase of treasury stock | (533 | ) | | (200 | ) | | — | | | — | | | — | | | (733 | ) |
|
Proceeds from exercise of options and warrants | 5 | | | — | | | — | | | — | | | — | | | 5 | |
|
Contributions from parent | — | | | — | | | — | | | 2,837 | | | (2,837 | ) | | — | |
|
Distributions to parent | — | | | (4,173 | ) | | (1,311 | ) | | (650 | ) | | 6,134 | | | — | |
|
Other, net | — | | | (2 | ) | | — | | | 2 | | | — | | | — | |
|
| | | | | | | | | | | |
Net cash flows from financing activities | (528 | ) | | (4,707 | ) | | 2,498 | | | (933 | ) | | 3,297 | | | (373 | ) |
|
| | | | | | | | | | | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — | | | (3 | ) | | 1 | | | — | | | — | | | (2 | ) |
|
CASH AND CASH EQUIVALENTS, beginning of period | — | | | 3 | | | 1 | | | — | | | — | | | 4 | |
|
| | | | | | | | | | | |
CASH AND CASH EQUIVALENTS, end of period | $ | — | | | $ | — | | | $ | 2 | | | $ | — | | | $ | — | | | $ | 2 | |
|
| | | | | | | | | | | | | | | | | | | | | | | | |