Document_And_Entity_Informatio
Document And Entity Information (USD $) | 3 Months Ended | |
In Billions, except Share data, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2013 |
Entity Information [Line Items] | ' | ' |
Entity Registrant Name | 'CHARTER COMMUNICATIONS, INC. /MO/ | ' |
Entity Central Index Key | '0001091667 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Trading Symbol | 'CHTR | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | 108,222,226 | ' |
Entity Public Float | ' | $8.80 |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $4 | $21 |
Accounts receivable, less allowance for doubtful accounts of $18 and $19, respectively | 217 | 234 |
Prepaid expenses and other current assets | 83 | 67 |
Total current assets | 304 | 322 |
INVESTMENT IN CABLE PROPERTIES: | ' | ' |
Property, plant and equipment, net of accumulated depreciation of $4,948 and $4,787, respectively | 8,079 | 7,981 |
Franchises | 6,009 | 6,009 |
Customer relationships, net | 1,317 | 1,389 |
Goodwill | 1,177 | 1,177 |
Total investment in cable properties, net | 16,582 | 16,556 |
OTHER NONCURRENT ASSETS | 411 | 417 |
Total assets | 17,297 | 17,295 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable and accrued liabilities | 1,523 | 1,467 |
Total current liabilities | 1,523 | 1,467 |
LONG-TERM DEBT | 14,090 | 14,181 |
DEFERRED INCOME TAXES | 1,492 | 1,431 |
OTHER LONG-TERM LIABILITIES | 65 | 65 |
SHAREHOLDERS' EQUITY: | ' | ' |
Preferred stock; $.001 par value; 250 million shares authorized; no shares issued and outstanding | 0 | 0 |
Additional paid-in capital | 1,778 | 1,760 |
Accumulated deficit | -1,605 | -1,568 |
Treasury stock at cost; 77,834 and 0 shares, respectively | -11 | 0 |
Accumulated other comprehensive loss | -35 | -41 |
Total shareholders' equity | 127 | 151 |
Total liabilities and shareholders' equity | 17,297 | 17,295 |
Class A Common Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY: | ' | ' |
Common stock | 0 | 0 |
Class B Common Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY: | ' | ' |
Common stock | $0 | $0 |
CONDENSED_CONSOLIDATED_BALANCE1
CONDENSED CONSOLIDATED BALANCE SHEET (PARENTHETICALS) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts | $18 | $19 |
Accumulated depreciation, property, plant and equipment | $4,948 | $4,787 |
Preferred Stock, par value (in dollars per share) | $0.00 | $0.00 |
Preferred Stock, shares authorized (in shares) | 250,000,000 | 250,000,000 |
Preferred Stock, shares issued (in shares) | 0 | 0 |
Preferred Stock, shares outstanding (in shares) | 0 | 0 |
Treasury Stock, shares (in shares) | 77,834 | 0 |
Class A Common Stock [Member] | ' | ' |
Common Stock, par value (in dollars per share) | $0.00 | $0.00 |
Common Stock, shares authorized (in shares) | 900,000,000 | 900,000,000 |
Common Stock, shares issued (in shares) | 108,300,060 | 106,144,075 |
Common Stock, shares outstanding (in shares) | 108,222,226 | 106,144,075 |
Class B Common Stock [Member] | ' | ' |
Common Stock, par value (in dollars per share) | $0.00 | $0.00 |
Common Stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Common Stock, shares issued (in shares) | 0 | 0 |
Common Stock, shares outstanding (in shares) | 0 | 0 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
In Millions, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Statement [Abstract] | ' | ' |
REVENUES | $2,202 | $1,917 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 1,447 | 1,258 |
Depreciation and amortization | 505 | 425 |
Other operating expenses, net | 7 | 11 |
Total costs and expenses | 1,959 | 1,694 |
Income from operations | 243 | 223 |
OTHER EXPENSES: | ' | ' |
Interest expense, net | -211 | -210 |
Loss on extinguishment of debt | 0 | -42 |
Loss on derivative instruments, net | -2 | -3 |
Other expense, net | -3 | -1 |
Total other expenses | -216 | -256 |
Income (loss) before income taxes | 27 | -33 |
Income tax expense | -64 | -9 |
Net loss | ($37) | ($42) |
LOSS PER COMMON SHARE, BASIC AND DILUTED | ' | ' |
LOSS PER COMMON SHARE, BASIC AND DILUTED (in dollars per share) | ($0.35) | ($0.42) |
Weighted average common shares outstanding, basic and diluted (in shares) | 106,439,198 | 100,327,418 |
CONDENSED_CONSOLIDATED_STATEME1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' |
Net loss | ($37) | ($42) |
Net impact of interest rate derivative instruments, net of tax | 6 | 11 |
Comprehensive loss | ($31) | ($31) |
CONDENSED_CONSOLIDATED_STATEME2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' |
Net loss | ($37) | ($42) |
Adjustments to reconcile net loss to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 505 | 425 |
Noncash interest expense | 10 | 13 |
Loss on extinguishment of debt | 0 | 42 |
Loss on derivative instruments, net | 2 | 3 |
Deferred income taxes | 62 | 2 |
Other, net | 15 | 12 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 18 | 26 |
Prepaid expenses and other assets | -17 | -16 |
Accounts payable, accrued liabilities and other | 19 | 76 |
Net cash flows from operating activities | 577 | 541 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' |
Purchases of property, plant and equipment | -539 | -412 |
Change in accrued expenses related to capital expenditures | 36 | -11 |
Other, net | 4 | -9 |
Net cash flows from investing activities | -499 | -432 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' |
Borrowings of long-term debt | 293 | 1,315 |
Repayments of long-term debt | -388 | -1,355 |
Payments for debt issuance costs | 0 | -12 |
Purchase of treasury stock | -11 | -5 |
Proceeds from exercise of options and warrants | 6 | 5 |
Other, net | 5 | 1 |
Net cash flows from financing activities | -95 | -51 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -17 | 58 |
CASH AND CASH EQUIVALENTS, beginning of period | 21 | 7 |
CASH AND CASH EQUIVALENTS, end of period | 4 | 65 |
Cash Paid for Interest | $225 | $120 |
Organization_and_Basis_of_Pres
Organization and Basis of Presentation (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization and Basis of Presentation | ' |
Organization and Basis of Presentation | |
Organization | |
Charter Communications, Inc. (“Charter”) is a holding company whose principal asset is a 100% common equity interest in Charter Communications Holding Company, LLC (“Charter Holdco”). Charter owns cable systems through its subsidiaries, which are collectively, with Charter, referred to herein as the “Company.” All significant intercompany accounts and transactions among consolidated entities have been eliminated. | |
The Company is a cable operator providing services in the United States. The Company offers to residential and commercial customers traditional cable video programming, Internet services, and voice services, as well as advanced video services such as OnDemand™, high definition television, and digital video recorder (“DVR”) service. The Company sells its cable video programming, Internet, voice, and advanced video services primarily on a subscription basis. The Company also sells local advertising on cable networks and on the Internet and provides fiber connectivity to cellular towers. | |
Basis of Presentation | |
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures typically included in Charter's Annual Report on Form 10-K have been condensed or omitted for this quarterly report. The accompanying condensed consolidated financial statements are unaudited and are subject to review by regulatory authorities. However, in the opinion of management, such financial statements include all adjustments, which consist of only normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. Interim results are not necessarily indicative of results for a full year. | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Areas involving significant judgments and estimates include capitalization of labor and overhead costs; depreciation and amortization costs; impairments of and acquisition accounting for property, plant and equipment, intangibles and goodwill; income taxes; contingencies and programming expense. Actual results could differ from those estimates. | |
Certain prior year amounts disclosed in these footnotes have been reclassified to conform with the 2014 presentation. |
Acquisition_of_Bresnan_Notes
Acquisition of Bresnan (Notes) | 3 Months Ended | |||
Mar. 31, 2014 | ||||
Business Combinations [Abstract] | ' | |||
Business Combination Disclosure | ' | |||
Acquisition of Bresnan | ||||
On July 1, 2013, Charter and Charter Communications Operating, LLC ("Charter Operating") acquired Bresnan Broadband Holdings, LLC and its subsidiaries (collectively, “Bresnan”) from a wholly owned subsidiary of Cablevision Systems Corporation, for $1.625 billion in cash, subject to a working capital adjustment, a reduction for certain funded indebtedness of Bresnan and payment of any post-closing refunds of certain Montana property taxes paid under protest by Bresnan prior to the closing. Bresnan manages cable operating systems in Montana, Wyoming, Colorado and Utah. Charter funded the purchase of Bresnan with a $1.5 billion term loan and borrowings under the Charter Operating credit facilities. | ||||
The following unaudited pro forma financial information of Charter is based on the historical consolidated financial statements of Charter and the historical consolidated financial statements of Bresnan and is intended to provide information about how the acquisition of Bresnan and related financing may have affected Charter's historical consolidated financial statements if they had closed as of January 1, 2012. The pro forma financial information below is based on available information and assumptions that the Company believes are reasonable. The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what Charter's financial condition or results of operations would have been had the transactions described above occurred on the date indicated. The pro forma financial information also should not be considered representative of Charter's future financial condition or results of operations. | ||||
Three Months Ended March 31, 2013 | ||||
Revenues | $ | 2,048 | ||
Net loss | $ | (68 | ) | |
Loss per common share, basic and diluted | $ | (0.68 | ) |
Franchises_Goodwill_and_Other_
Franchises, Goodwill and Other Intangible Assets (Notes) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Franchises, Goodwill and Other Intangible Assets | ' | ||||||||||||||||||||||||
Franchises, Goodwill and Other Intangible Assets | |||||||||||||||||||||||||
As of March 31, 2014 and December 31, 2013, indefinite lived and finite-lived intangible assets are presented in the following table: | |||||||||||||||||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||||
Indefinite-lived intangible assets: | |||||||||||||||||||||||||
Franchises | $ | 6,009 | $ | — | $ | 6,009 | $ | 6,009 | $ | — | $ | 6,009 | |||||||||||||
Goodwill | 1,177 | — | 1,177 | 1,177 | — | 1,177 | |||||||||||||||||||
Trademarks | 158 | — | 158 | 158 | — | 158 | |||||||||||||||||||
Other intangible assets | 4 | — | 4 | 4 | — | 4 | |||||||||||||||||||
$ | 7,348 | $ | — | $ | 7,348 | $ | 7,348 | $ | — | $ | 7,348 | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||||||||||
Customer relationships | $ | 2,617 | $ | 1,300 | $ | 1,317 | $ | 2,617 | $ | 1,228 | $ | 1,389 | |||||||||||||
Other intangible assets | 134 | 48 | 86 | 130 | 44 | 86 | |||||||||||||||||||
$ | 2,751 | $ | 1,348 | $ | 1,403 | $ | 2,747 | $ | 1,272 | $ | 1,475 | ||||||||||||||
Amortization expense related to customer relationships and other intangible assets for the three months ended March 31, 2014 and 2013 was $76 million and $68 million, respectively. | |||||||||||||||||||||||||
The Company expects amortization expense on its finite-lived intangible assets will be as follows. | |||||||||||||||||||||||||
Nine months ended December 31, 2014 | $ | 222 | |||||||||||||||||||||||
2015 | 265 | ||||||||||||||||||||||||
2016 | 231 | ||||||||||||||||||||||||
2017 | 198 | ||||||||||||||||||||||||
2018 | 163 | ||||||||||||||||||||||||
Thereafter | 324 | ||||||||||||||||||||||||
$ | 1,403 | ||||||||||||||||||||||||
Actual amortization expense in future periods will differ from these estimates as a result of new intangible asset acquisitions or divestitures, changes in useful lives, impairments and other relevant factors. |
Accounts_Payable_and_Accrued_L
Accounts Payable and Accrued Liabilities (Notes) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Accounts Payable and Accrued Liabilities, Current [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities | ' | ||||||||
Accounts Payable and Accrued Liabilities | |||||||||
Accounts payable and accrued liabilities consist of the following as of March 31, 2014 and December 31, 2013: | |||||||||
March 31, 2014 | December 31, 2013 | ||||||||
Accounts payable – trade | $ | 125 | $ | 91 | |||||
Accrued capital expenditures | 271 | 235 | |||||||
Deferred revenue | 88 | 90 | |||||||
Accrued liabilities: | |||||||||
Interest | 175 | 195 | |||||||
Programming costs | 414 | 379 | |||||||
Franchise related fees | 56 | 62 | |||||||
Compensation | 119 | 156 | |||||||
Other | 275 | 259 | |||||||
$ | 1,523 | $ | 1,467 | ||||||
LongTerm_Debt_Notes
Long-Term Debt (Notes) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Long-Term Debt | ' | |||||||||||||||
Long-Term Debt | ||||||||||||||||
Long-term debt consists of the following as of March 31, 2014 and December 31, 2013: | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
Principal Amount | Accreted Value | Principal Amount | Accreted Value | |||||||||||||
CCO Holdings, LLC: | ||||||||||||||||
7.250% senior notes due October 30, 2017 | $ | 1,000 | $ | 1,000 | $ | 1,000 | $ | 1,000 | ||||||||
7.000% senior notes due January 15, 2019 | 1,400 | 1,393 | 1,400 | 1,393 | ||||||||||||
8.125% senior notes due April 30, 2020 | 700 | 700 | 700 | 700 | ||||||||||||
7.375% senior notes due June 1, 2020 | 750 | 750 | 750 | 750 | ||||||||||||
5.250% senior notes due March 15, 2021 | 500 | 500 | 500 | 500 | ||||||||||||
6.500% senior notes due April 30, 2021 | 1,500 | 1,500 | 1,500 | 1,500 | ||||||||||||
6.625% senior notes due January 31, 2022 | 750 | 747 | 750 | 747 | ||||||||||||
5.250% senior notes due September 30, 2022 | 1,250 | 1,239 | 1,250 | 1,239 | ||||||||||||
5.125% senior notes due February 15, 2023 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||
5.750% senior notes due September 1, 2023 | 500 | 500 | 500 | 500 | ||||||||||||
5.750% senior notes due January 15, 2024 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||
Credit facility due September 6, 2014 | 350 | 345 | 350 | 342 | ||||||||||||
Charter Communications Operating, LLC: | ||||||||||||||||
Credit facilities | 3,453 | 3,416 | 3,548 | 3,510 | ||||||||||||
Long-Term Debt | $ | 14,153 | $ | 14,090 | $ | 14,248 | $ | 14,181 | ||||||||
The accreted values presented above represent the principal amount of the debt less the original issue discount at the time of sale, plus the accretion to the balance sheet date. However, the amount that is currently payable if the debt becomes immediately due is equal to the principal amount of the debt. The Company has availability under its credit facilities of approximately $1.2 billion as of March 31, 2014 and as such, debt maturing in the next twelve months is classified as long-term. | ||||||||||||||||
In March 2013, CCO Holdings, LLC ("CCO Holdings") and CCO Holdings Capital Corp. closed on transactions in which they issued $500 million aggregate principal amount of 5.250% senior notes due 2021 and $500 million aggregate principal amount of 5.750% senior notes due 2023. The proceeds were used for repaying amounts outstanding under the Charter Operating term loan C facility. The Company recorded a loss on extinguishment of debt of approximately $42 million for the three months ended March 31, 2013 related to these transactions. |
Common_Stock_Notes
Common Stock (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | ' |
Common Stock | ' |
Common Stock | |
During the three months ended March 31, 2014 and 2013, the Company withheld 77,834 and 59,113, respectively, shares of its common stock in payment of $11 million and $5 million income tax withholding owed by employees upon vesting of restricted shares, respectively. The Company accounts for treasury stock using the cost method and includes treasury stock as a component of total shareholders' equity. | |
During the three months ended March 31, 2014, the Company issued approximately 2 million shares of Charter Class A common stock as a result of exercises by holders who received warrants pursuant to the Joint Plan of Reorganization (the "Plan") upon the Company's emergence from bankruptcy. |
Accounting_for_Derivative_Inst
Accounting for Derivative Instruments and Hedging Activities (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||
Accounting for Derivative Instruments and Hedging Activities | ' | |||||||
Accounting for Derivative Instruments and Hedging Activities | ||||||||
The Company uses interest rate derivative instruments to manage its interest costs and reduce the Company’s exposure to increases in floating interest rates. The Company manages its exposure to fluctuations in interest rates by maintaining a mix of fixed and variable rate debt. Using interest rate derivative instruments, the Company agrees to exchange, at specified intervals through 2017, the difference between fixed and variable interest amounts calculated by reference to agreed-upon notional principal amounts. | ||||||||
The Company does not hold or issue derivative instruments for speculative trading purposes. The Company, until de-designating in the three months ended March 31, 2013, had certain interest rate derivative instruments that were designated as cash flow hedging instruments for GAAP purposes. Such instruments effectively converted variable interest payments on certain debt instruments into fixed payments. For qualifying hedges, realized derivative gains and losses offset related results on hedged items in the condensed consolidated statements of operations. The Company formally documented, designated and assessed the effectiveness of transactions that received hedge accounting. | ||||||||
The effect of interest rate derivatives on the Company’s condensed consolidated balance sheets is presented in the table below: | ||||||||
March 31, 2014 | December 31, 2013 | |||||||
Accrued interest | $ | 11 | $ | 8 | ||||
Other long-term liabilities | $ | 15 | $ | 22 | ||||
Accumulated other comprehensive loss | $ | (35 | ) | $ | (41 | ) | ||
Changes in the fair value of interest rate derivative instruments that were designated as hedging instruments of the variability of cash flows associated with floating-rate debt obligations, and that met effectiveness criteria were reported in accumulated other comprehensive loss. The amounts were subsequently reclassified as an increase or decrease to interest expense in the same periods in which the related interest on the floating-rate debt obligations affected earnings (losses). | ||||||||
Due to repayment of variable rate credit facility debt without a LIBOR floor, certain interest rate derivative instruments were de-designated as cash flow hedges during the three months ended March 31, 2013, as they no longer met the criteria for cash flow hedging specified by GAAP. In addition, on March 31, 2013, the remaining interest rate derivative instruments that continued to be highly effective cash flow hedges for GAAP purposes were electively de-designated. On the date of de-designation, the Company completed a final measurement test for each interest rate derivative instrument to determine any ineffectiveness and such amount was reclassified from accumulated other comprehensive loss into loss on derivative instruments, net in the Company's condensed consolidated statements of operations. While these interest rate derivative instruments are no longer designated as cash flow hedges for accounting purposes, management continues to believe such instruments are closely correlated with the respective debt, thus managing associated risk. Interest rate derivative instruments not designated as hedges are marked to fair value, with the impact recorded as a gain or loss on derivative instruments, net in the Company's condensed consolidated statements of operations. The balance that remains in accumulated other comprehensive loss for these interest rate derivative instruments will be amortized over the respective lives of the contracts and recorded as a loss within loss on derivative instruments, net in the Company's condensed consolidated statements of operations. The estimated net amount of existing losses that are reported in accumulated other comprehensive loss as of March 31, 2014 that is expected to be reclassified into earnings within the next twelve months is approximately $16 million. | ||||||||
The effects of interest rate derivative instruments on the Company’s condensed consolidated statements of operations is presented in the table below. | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Loss on derivative instruments, net: | ||||||||
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | $ | 4 | $ | 1 | ||||
Loss reclassified from accumulated other comprehensive loss into earnings as a result of cash flow hedge discontinuance | (6 | ) | (4 | ) | ||||
$ | (2 | ) | $ | (3 | ) | |||
Interest expense: | ||||||||
Loss reclassified from accumulated other comprehensive loss into interest expense | $ | — | $ | (10 | ) | |||
As of March 31, 2014 and December 31, 2013, the Company had $1.7 billion and $2.2 billion, respectively, in notional amounts of interest rate derivative instruments outstanding. As of March 31, 2014, this includes $250 million in delayed start interest rate derivative instruments that become effective in September 2014 through March 2015. In any future quarter in which a portion of these delayed start interest rate derivative instruments first becomes effective, an equal or greater notional amount of the currently effective interest rate derivative instruments are scheduled to mature. Therefore, the $1.5 billion notional amount of currently effective interest rate derivative instruments will gradually step down over time as current interest rate derivative instruments mature and an equal or lesser amount of delayed start interest rate derivative instruments become effective. | ||||||||
The notional amounts of interest rate instruments do not represent amounts exchanged by the parties and, thus, are not a measure of exposure to credit loss. The amounts exchanged were determined by reference to the notional amount and the other terms of the contracts. |
Fair_Value_Measurements_Notes
Fair Value Measurements (Notes) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Fair Value Measurements | |||||||||||||||||
The accounting guidance establishes a three-level hierarchy for disclosure of fair value measurements, based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date, as follows: | |||||||||||||||||
• | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||
• | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | ||||||||||||||||
• | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. | ||||||||||||||||
Financial Assets and Liabilities | |||||||||||||||||
The Company has estimated the fair value of its financial instruments as of March 31, 2014 and December 31, 2013 using available market information or other appropriate valuation methodologies. Considerable judgment, however, is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented in the accompanying condensed consolidated financial statements are not necessarily indicative of the amounts the Company would realize in a current market exchange. | |||||||||||||||||
The carrying amounts of cash and cash equivalents, receivables, payables and other current assets and liabilities approximate fair value because of the short maturity of those instruments. | |||||||||||||||||
The estimated fair value of the Company’s debt at March 31, 2014 and December 31, 2013 are based on quoted market prices and is classified within Level 1 of the valuation hierarchy. | |||||||||||||||||
A summary of the carrying value and fair value of the Company’s debt at March 31, 2014 and December 31, 2013 is as follows: | |||||||||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||
Debt | |||||||||||||||||
CCO Holdings senior notes | $ | 10,329 | $ | 10,687 | $ | 10,329 | $ | 10,384 | |||||||||
Credit facilities | $ | 3,761 | $ | 3,772 | $ | 3,852 | $ | 3,848 | |||||||||
The fair value of interest rate derivative instruments were $26 million and $30 million and classified as liabilities as of March 31, 2014 and December 31, 2013, respectively, using a present value calculation based on an implied forward LIBOR curve (adjusted for Charter Operating’s or counterparties’ credit risk) and were classified within Level 2 of the valuation hierarchy. The weighted average pay rate for the Company’s currently effective interest rate derivative instruments was 2.04% and 2.17% at March 31, 2014 and December 31, 2013, respectively (exclusive of applicable spreads). | |||||||||||||||||
Nonfinancial Assets and Liabilities | |||||||||||||||||
The Company’s nonfinancial assets such as franchises, property, plant, and equipment, and other intangible assets are not measured at fair value on a recurring basis; however they are subject to fair value adjustments in certain circumstances, such as when there is evidence that an impairment may exist. No impairments were recorded during the three months ended March 31, 2014 and 2013. |
Operating_Costs_and_Expenses_N
Operating Costs and Expenses (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Other Income and Expenses [Abstract] | ' | |||||||
Operating Costs and Expenses | ' | |||||||
Operating Costs and Expenses | ||||||||
Operating costs and expenses consist of the following for the years presented: | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Programming | $ | 606 | $ | 512 | ||||
Franchise, regulatory and connectivity | 107 | 95 | ||||||
Costs to service customers | 400 | 373 | ||||||
Marketing | 133 | 110 | ||||||
Other | 201 | 168 | ||||||
$ | 1,447 | $ | 1,258 | |||||
Programming costs consist primarily of costs paid to programmers for basic, premium, digital, OnDemand, and pay-per-view programming. Franchise, regulatory and connectivity costs represent payments to franchise and regulatory authorities and costs directly related to providing Internet and voice services. Costs to service customers include residential and commercial costs related to field operations, network operations and customer care including labor, reconnects, maintenance, billing and collection, occupancy and vehicle costs. Marketing costs represents the costs of marketing to our current and potential commercial and residential customers including labor costs. Other includes bad debt expense, corporate overhead, commercial and advertising sales expenses, property tax and insurance and stock compensation expense, among others. |
Other_Operating_Expenses_Net_N
Other Operating Expenses, Net (Notes) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Other Income and Expenses [Abstract] | ' | |||||||
Other Operating Expenses, Net | ' | |||||||
Other Operating Expenses, Net | ||||||||
Other operating expenses, net consist of the following for the years presented: | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Loss on sale of assets, net | $ | 3 | $ | 1 | ||||
Special charges, net | 4 | 10 | ||||||
$ | 7 | $ | 11 | |||||
Loss on sale of assets, net | ||||||||
Loss on sale of assets represents the net loss recognized on the sales and disposals of fixed assets and cable systems. | ||||||||
Special charges, net | ||||||||
Special charges, net for the three months ended March 31, 2014 and 2013 primarily include severance charges and in 2013, net amounts of litigation settlements. |
Income_Taxes_Notes
Income Taxes (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
All of Charter’s operations are held through Charter Holdco and its direct and indirect subsidiaries. Charter Holdco and the majority of its subsidiaries are generally limited liability companies that are not subject to income tax. However, certain of these limited liability companies are subject to state income tax. In addition, the indirect subsidiaries that are corporations are subject to federal and state income tax. All of the remaining taxable income, gains, losses, deductions and credits of Charter Holdco are passed through to Charter and its direct subsidiaries. | |
For the three months ended March 31, 2014 and 2013, the Company recorded $64 million and $9 million of income tax expense, respectively. Income tax expense is recognized primarily through increases in deferred tax liabilities related to our investment in Charter Holdco, as well as through current federal and state income tax expense and increases in the deferred tax liabilities of certain of our indirect corporate subsidiaries. The three months ended March 31, 2013 included a step-up in basis of indefinite-lived assets for tax, but not GAAP purposes, resulting from the effects of partnership gains related to financing transactions (see Note 5), which decreased the Company's net deferred tax liability related to indefinite-lived assets resulting in a benefit of $57 million. | |
The tax provision in future periods will vary based on various factors including changes in the Company's deferred tax liabilities attributable to indefinite-lived intangibles, as well as future operating results, however the Company does not anticipate having such a large reduction in tax expense attributable to these items unless it enters into other restructuring transactions or similar future financing. The ultimate impact on the tax provision of such future financing and restructuring activities, if any, will be dependent on the underlying facts and circumstances at the time. | |
As of March 31, 2014 and December 31, 2013, the Company had net deferred income tax liabilities of approximately $1.5 billion and $1.4 billion, respectively. Net current deferred tax assets of $15 million and $16 million as of March 31, 2014 and December 31, 2013, respectively, are included in prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets of the Company. Net deferred tax liabilities included approximately $227 million and $226 million at March 31, 2014 and December 31, 2013, respectively, relating to certain indirect subsidiaries of Charter Holdco that file separate federal or state income tax returns. The remainder of the Company's net deferred tax liability arose from Charter's investment in Charter Holdco, and was largely attributable to the characterization of franchises for financial reporting purposes as indefinite-lived. | |
In determining the Company’s tax provision for financial reporting purposes, the Company considers the need for and establishes a reserve for uncertain tax positions unless such positions are determined to be “more likely than not” of being sustained upon examination, based on their technical merits. There is considerable judgment involved in making such a determination. As of March 31, 2014, the Company believes it is appropriate that no reserve has been recorded. | |
On May 1, 2013, Liberty Media Corporation (“Liberty Media”) completed its purchase of a 27% beneficial interest in Charter (see Note 12). Upon closing, Charter experienced a second “ownership change” as defined in Section 382 of the Internal Revenue Code resulting in a second set of limitations on Charter’s use of its existing federal and state tax loss carryforwards. The first ownership change limitations that applied as a result of our emergence from bankruptcy in 2009 will also continue to apply. | |
No tax years for Charter or Charter Holdco, for income tax purposes, are currently under examination by the IRS. Tax years ending 2010 through 2013 remain subject to examination and assessment. Years prior to 2010 remain open solely for purposes of examination of Charter’s loss and credit carryforwards. |
Related_Party_Transactions_Not
Related Party Transactions (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
On May 1, 2013, Liberty Media completed its purchase from investment funds managed by, or affiliated with, Apollo Global Management, LLC, Oaktree Capital Management, L.P. and Crestview Partners of approximately 26.9 million shares and warrants to purchase approximately 1.1 million shares in Charter for approximately $2.6 billion (the "Liberty Media Transaction"), which represented as of May 1, 2013, an approximate 27% beneficial ownership in Charter and a price per share of $95.50. | |
In connection with the Liberty Media Transaction, Charter entered into a stockholders agreement with Liberty Media that, among other things, provided Liberty Media with the right to designate four directors for appointment to Charter's board of directors. Liberty Media designated John Malone, Chairman of Liberty Media, Gregory Maffei, president and chief executive officer of Liberty Media, Balan Nair, executive vice president and chief technology officer of Liberty Global plc, and Michael Huseby, chief executive officer of Barnes & Noble, Inc. Charter’s board of directors appointed these directors effective upon the resignations of Stan Parker, Darren Glatt, Bruce Karsh and Edgar Lee in connection with the closing of the Liberty Media Transaction on May 1, 2013. Subject to Liberty Media’s continued ownership level in Charter, the stockholders agreement also provides that Liberty Media can designate up to four directors as nominees for election to Charter’s board of directors at least through Charter’s 2015 annual meeting of stockholders, and that up to one of these individuals may serve on each of the Audit Committee, the Nominating and Corporate Governance Committee, and Compensation and Benefits Committee of Charter’s board of directors. Consistent with these provisions, the board appointed Dr. Malone to serve on the Nominating and Corporate Governance Committee, Mr. Maffei to serve on the Finance Committee and the Compensation and Benefits Committee and Mr. Huseby to serve on the Audit Committee. | |
In addition, Liberty Media agreed to not increase its beneficial ownership in Charter above 35% until January 2016, at which point such limit increases to 39.99%. Liberty Media is also, subject to certain exceptions, subject to certain customary standstill provisions that prohibit Liberty Media from, among other things, engaging in proxy or consent solicitations relating to the election of directors. The standstill limitations apply through the 2015 shareholder meeting and continue to apply as long as Liberty Media's designees are nominated to the Charter board, unless the agreement is earlier terminated. Charter approved Liberty Media as an interested stockholder under the business combination provisions of the Delaware General Corporation Law. | |
The Company is aware that Dr. Malone may be deemed to have a 36.0% voting interest in Liberty Interactive Corp. (“Liberty Interactive”) and is Chairman of the board of directors, an executive officer position, of Liberty Interactive. Liberty Interactive owns 37.6% of the common stock of HSN, Inc. (“HSN”) and has the right to elect 20% of the board members of HSN. Liberty Interactive wholly owns QVC, Inc (“QVC”). The Company has programming relationships with HSN and QVC which pre-date the Liberty Media Transaction. For the three months ended March 31, 2014, the Company received payments in aggregate of approximately $3 million from HSN and QVC as part of channel carriage fees and revenue sharing arrangements for home shopping sales made to customers in Charter's footprint. | |
Dr. Malone also serves on the board of directors of Discovery Communications, Inc., (“Discovery”) and the Company is aware that Dr. Malone owns 4.5% in the aggregate of the common stock of Discovery and has a 28.9% voting interest in Discovery for the election of directors. In addition, Dr. Malone owns 10.1% in the aggregate of the common stock of Starz and has 45.5% of the voting power. Mr. Maffei is a non-executive Chairman of the board of Starz. The Company purchases programming from both Discovery and Starz pursuant to agreements entered into prior to the Liberty Media Transaction and Dr. Malone and Mr. Maffei joining Charter's board of directors. Based on publicly available information, the Company does not believe that either Discovery or Starz would currently be considered related parties. The amounts paid in aggregate to Discovery and Starz represent less than 3% of total operating costs and expenses for the three months ended March 31, 2014. |
Contingencies_Notes
Contingencies (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
Contingencies | |
The Montana Department of Revenue ("Montana DOR") generally assesses property taxes on cable companies at 3% and on telephone companies at 6%. Historically, Bresnan's cable and telephone operations have been taxed separately by the Montana DOR. In 2010, the Montana DOR assessed Bresnan as a single telephone business and retroactively assessed it as such for 2007 through 2009. Bresnan filed a declaratory judgment action against the Montana DOR in Montana State Court challenging its property tax classifications for 2007 through 2010. Under Montana law, a taxpayer must first pay a current assessment of disputed property tax in order to challenge such assessment. In accordance with that law, Bresnan paid the disputed 2010, 2011 and 2012 property tax assessments of approximately $5 million, $11 million and $9 million, respectively, under protest. No payments for additional tax for 2007 through 2009, which could be up to approximately $16 million cumulative, including interest, were made at that time. On September 26, 2011, the Montana State Court granted Bresnan's summary judgment motion seeking to vacate the Montana DOR's retroactive tax assessments for the years 2007, 2008 and 2009. The Montana DOR's assessment for 2010 was the subject of a trial, which took place the week of October 24, 2011. On July 6, 2012, the Montana State Court entered judgment in favor of Bresnan, ruling that the Montana's DOR 2010 assessment was invalid and contrary to law, vacating the 2010 assessment, and directing that the Montana DOR refund the amounts paid by Bresnan under protest, plus interest and certain costs. The Montana DOR filed a notice of appeal to the Montana Supreme Court on September 20, 2012. The appeal was fully briefed, and was argued to the Montana Supreme Court in September 2013. On December 2, 2013, the Montana Supreme Court reversed the trial court’s decision and remanded the matter to the trial court. Charter filed a petition for rehearing which was denied on January 7, 2014. At this point, there have been no further proceedings before the trial court, although Charter has filed pleadings to renew challenges to the Montana DOR’s assessments that had been mooted by the Montana State Court’s prior ruling. With respect to the Montana Supreme Court ruling, Charter’s primary remaining course of action is an appeal to the U.S. Supreme Court. A decision has not been made as to whether this appeal will be pursued. Pending entry of a final judgment, the Montana DOR continues to hold Charter's protest payments aggregating approximately $25 million in escrow and continues to assess the Company as a single telephone business. The Company will make additional protest payments until a final judgment is entered, including payments for 2007, 2008 and 2009. The prior years' assessments are accrued in the Company's financial statements. | |
The Company is a defendant, co-defendant or plaintiff seeking declaratory judgments in several lawsuits involving alleged infringement of various patents relating to various aspects of its businesses. Other industry participants are also defendants or plaintiffs seeking declaratory judgments in certain of these cases. In the event that a court ultimately determines that the Company infringes on any intellectual property rights, the Company may be subject to substantial damages and/or an injunction that could require the Company or its vendors to modify certain products and services the Company offers to its subscribers, as well as negotiate royalty or license agreements with respect to the patents at issue. While the Company believes the lawsuits are without merit and intends to defend the actions vigorously, no assurance can be given that any adverse outcome would not be material to the Company's consolidated financial condition, results of operations, or liquidity. The Company cannot predict the outcome of any such claims nor can it reasonably estimate a range of possible loss. | |
The Company is party to lawsuits and claims that arise in the ordinary course of conducting its business, including lawsuits claiming violation of wage and hour laws. The ultimate outcome of these other legal matters pending against the Company cannot be predicted, and although such lawsuits and claims are not expected individually to have a material adverse effect on the Company’s consolidated financial condition, results of operations or liquidity, such lawsuits could have, in the aggregate, a material adverse effect on the Company’s consolidated financial condition, results of operations or liquidity. Whether or not the Company ultimately prevails in any particular lawsuit or claim, litigation can be time consuming and costly and injure the Company's reputation. |
Stock_Compensation_Plans_Notes
Stock Compensation Plans (Notes) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Share-based Compensation [Abstract] | ' | |||||
Stock Compensation Plans | ' | |||||
Stock Compensation Plans | ||||||
Charter’s 2009 Stock Incentive Plan provides for grants of nonqualified stock options, incentive stock options, stock appreciation rights, dividend equivalent rights, performance units and performance shares, share awards, phantom stock, restricted stock units and restricted stock. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting services for the Company, are eligible for grants under the 2009 Stock Incentive Plan. | ||||||
The Company granted the following equity awards for the years presented. | ||||||
Three Months Ended March 31, | ||||||
2014 | 2013 | |||||
Stock options | 1,174,800 | 102,500 | ||||
Restricted stock | — | — | ||||
Restricted stock units | 143,700 | 26,200 | ||||
Stock options generally vest annually over three or four years from either the grant date or delayed vesting commencement dates. Stock options generally expire ten years from the grant date. Restricted stock vests annually over a one to four-year period beginning from the date of grant. A portion of stock options and restricted stock vest based on achievement of stock price hurdles. Restricted stock units have no voting rights and vest ratably over three or four years from either the grant date or delayed vesting commencement dates. As of March 31, 2014, total unrecognized compensation remaining to be recognized in future periods totaled $78 million for stock options, $15 million for restricted stock and $31 million for restricted stock units and the weighted average period over which they are expected to be recognized is 3 years for stock options, 2 years for restricted stock and 3 years for restricted stock units. | ||||||
The Company recorded $12 million and $11 million of stock compensation expense for the three months ended March 31, 2014 and 2013, respectively, which is included in operating costs and expenses. |
Consolidating_Schedules_Notes
Consolidating Schedules (Notes) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Consolidating Schedules | ' | |||||||||||||||||||||||
Consolidating Schedules | ||||||||||||||||||||||||
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. | ||||||||||||||||||||||||
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. | ||||||||||||||||||||||||
Condensed consolidating financial statements as of March 31, 2014 and December 31, 2013 and for the three months ended March 31, 2014 and 2013 follow. | ||||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO Holdings | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
CURRENT ASSETS: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 4 | $ | — | $ | 4 | ||||||||||||
Accounts receivable, net | 4 | 3 | — | 210 | — | 217 | ||||||||||||||||||
Receivables from related party | 47 | 192 | 3 | — | (242 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 14 | 13 | — | 56 | — | 83 | ||||||||||||||||||
Total current assets | 65 | 208 | 3 | 270 | (242 | ) | 304 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 30 | — | 8,049 | — | 8,079 | ||||||||||||||||||
Franchises | — | — | — | 6,009 | — | 6,009 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,317 | — | 1,317 | ||||||||||||||||||
Goodwill | — | — | — | 1,177 | — | 1,177 | ||||||||||||||||||
Total investment in cable properties, net | — | 30 | — | 16,552 | — | 16,582 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | — | 403 | — | — | (403 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,331 | 349 | 10,597 | — | (12,277 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 326 | 472 | — | (798 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 160 | 115 | 136 | — | 411 | ||||||||||||||||||
Total assets | $ | 1,396 | $ | 1,476 | $ | 11,187 | $ | 16,958 | $ | (13,720 | ) | $ | 17,297 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 5 | $ | 131 | $ | 164 | $ | 1,223 | $ | — | $ | 1,523 | ||||||||||||
Payables to related party | — | — | — | 242 | (242 | ) | — | |||||||||||||||||
Total current liabilities | 5 | 131 | 164 | 1,465 | (242 | ) | 1,523 | |||||||||||||||||
LONG-TERM DEBT | — | — | 10,674 | 3,416 | — | 14,090 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 798 | (798 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,264 | — | — | 228 | — | 1,492 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | 14 | — | 51 | — | 65 | ||||||||||||||||||
Shareholders’/Member’s equity | 127 | 1,331 | 349 | 10,597 | (12,277 | ) | 127 | |||||||||||||||||
Noncontrolling interest | — | — | — | 403 | (403 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 127 | 1,331 | 349 | 11,000 | (12,680 | ) | 127 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,396 | $ | 1,476 | $ | 11,187 | $ | 16,958 | $ | (13,720 | ) | $ | 17,297 | |||||||||||
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 | ||||||||||||
Accounts receivable, net | 4 | 4 | — | 226 | — | 234 | ||||||||||||||||||
Receivables from related party | 54 | 170 | 11 | — | (235 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 14 | 10 | — | 43 | — | 67 | ||||||||||||||||||
Total current assets | 72 | 189 | 11 | 285 | (235 | ) | 322 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 30 | — | 7,951 | — | 7,981 | ||||||||||||||||||
Franchises | — | — | — | 6,009 | — | 6,009 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,389 | — | 1,389 | ||||||||||||||||||
Goodwill | — | — | — | 1,177 | — | 1,177 | ||||||||||||||||||
Total investment in cable properties, net | — | 30 | — | 16,526 | — | 16,556 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | — | 392 | — | — | (392 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,295 | 325 | 10,592 | — | (12,212 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 318 | 461 | — | (779 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 160 | 119 | 138 | — | 417 | ||||||||||||||||||
Total assets | $ | 1,367 | $ | 1,414 | $ | 11,183 | $ | 16,949 | $ | (13,618 | ) | $ | 17,295 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 12 | $ | 113 | $ | 187 | $ | 1,155 | $ | — | $ | 1,467 | ||||||||||||
Payables to related party | — | — | — | 235 | (235 | ) | — | |||||||||||||||||
Total current liabilities | 12 | 113 | 187 | 1,390 | (235 | ) | 1,467 | |||||||||||||||||
LONG-TERM DEBT | — | — | 10,671 | 3,510 | — | 14,181 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 779 | (779 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,204 | — | — | 227 | — | 1,431 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | 6 | — | 59 | — | 65 | ||||||||||||||||||
Shareholders’/Member’s equity | 151 | 1,295 | 325 | 10,592 | (12,212 | ) | 151 | |||||||||||||||||
Noncontrolling interest | — | — | — | 392 | (392 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 151 | 1,295 | 325 | 10,984 | (12,604 | ) | 151 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,367 | $ | 1,414 | $ | 11,183 | $ | 16,949 | $ | (13,618 | ) | $ | 17,295 | |||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 5 | $ | 60 | $ | — | $ | 2,202 | $ | (65 | ) | $ | 2,202 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 5 | 60 | — | 1,447 | (65 | ) | 1,447 | |||||||||||||||||
Depreciation and amortization | — | — | — | 505 | — | 505 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 7 | — | 7 | ||||||||||||||||||
5 | 60 | — | 1,959 | (65 | ) | 1,959 | ||||||||||||||||||
Income from operations | — | — | — | 243 | — | 243 | ||||||||||||||||||
OTHER INCOME (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 2 | (171 | ) | (42 | ) | — | (211 | ) | |||||||||||||||
Loss on derivative instruments, net | — | — | — | (2 | ) | — | (2 | ) | ||||||||||||||||
Other expense, net | — | — | — | (3 | ) | — | (3 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | 24 | 11 | 182 | — | (217 | ) | — | |||||||||||||||||
24 | 13 | 11 | (47 | ) | (217 | ) | (216 | ) | ||||||||||||||||
Income (loss) before income taxes | 24 | 13 | 11 | 196 | (217 | ) | 27 | |||||||||||||||||
INCOME TAX EXPENSE | (61 | ) | — | — | (3 | ) | — | (64 | ) | |||||||||||||||
Consolidated net income (loss) | (37 | ) | 13 | 11 | 193 | (217 | ) | (37 | ) | |||||||||||||||
Less: Net (income) loss – noncontrolling interest | — | 11 | — | (11 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (37 | ) | $ | 24 | $ | 11 | $ | 182 | $ | (217 | ) | $ | (37 | ) | |||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 5 | $ | 46 | $ | — | $ | 1,917 | $ | (51 | ) | $ | 1,917 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 5 | 46 | — | 1,258 | (51 | ) | 1,258 | |||||||||||||||||
Depreciation and amortization | — | — | — | 425 | — | 425 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 11 | — | 11 | ||||||||||||||||||
5 | 46 | — | 1,694 | (51 | ) | 1,694 | ||||||||||||||||||
Income from operations | — | — | — | 223 | — | 223 | ||||||||||||||||||
OTHER INCOME (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 2 | (164 | ) | (48 | ) | — | (210 | ) | |||||||||||||||
Loss on extinguishment of debt | — | — | — | (42 | ) | — | (42 | ) | ||||||||||||||||
Loss on derivative instruments, net | — | — | — | (3 | ) | — | (3 | ) | ||||||||||||||||
Other expense, net | — | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (37 | ) | (47 | ) | 117 | — | (33 | ) | — | |||||||||||||||
(37 | ) | (45 | ) | (47 | ) | (94 | ) | (33 | ) | (256 | ) | |||||||||||||
Income (loss) before income taxes | (37 | ) | (45 | ) | (47 | ) | 129 | (33 | ) | (33 | ) | |||||||||||||
INCOME TAX EXPENSE | (8 | ) | — | — | (1 | ) | — | (9 | ) | |||||||||||||||
Consolidated net income (loss) | (45 | ) | (45 | ) | (47 | ) | 128 | (33 | ) | (42 | ) | |||||||||||||
Less: Net (income) loss – noncontrolling interest | 3 | 8 | — | (11 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (42 | ) | $ | (37 | ) | $ | (47 | ) | $ | 117 | $ | (33 | ) | $ | (42 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 193 | $ | (217 | ) | $ | (37 | ) | |||||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 6 | — | 6 | ||||||||||||||||||
Comprehensive income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 199 | $ | (217 | ) | $ | (31 | ) | |||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 128 | $ | (33 | ) | $ | (42 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 11 | — | 11 | ||||||||||||||||||
Comprehensive income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 139 | $ | (33 | ) | $ | (31 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 193 | $ | (217 | ) | $ | (37 | ) | |||||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 505 | — | 505 | ||||||||||||||||||
Noncash interest expense | — | — | 7 | 3 | — | 10 | ||||||||||||||||||
Loss on derivative instruments, net | — | — | — | 2 | — | 2 | ||||||||||||||||||
Deferred income taxes | 61 | — | — | 1 | — | 62 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | (24 | ) | (11 | ) | (182 | ) | — | 217 | — | |||||||||||||||
Other, net | — | (1 | ) | — | 16 | — | 15 | |||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||||||||||||||
Accounts receivable | — | 1 | — | 17 | — | 18 | ||||||||||||||||||
Prepaid expenses and other assets | — | (3 | ) | — | (14 | ) | — | (17 | ) | |||||||||||||||
Accounts payable, accrued liabilities and other | (6 | ) | 18 | (24 | ) | 31 | — | 19 | ||||||||||||||||
Receivables from and payables to related party | 6 | (28 | ) | (3 | ) | 25 | — | — | ||||||||||||||||
Net cash flows from operating activities | — | (11 | ) | (191 | ) | 779 | — | 577 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (539 | ) | — | (539 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 36 | — | 36 | ||||||||||||||||||
Distributions from subsidiary | 5 | 25 | 196 | — | (226 | ) | — | |||||||||||||||||
Other, net | — | (1 | ) | — | 5 | — | 4 | |||||||||||||||||
Net cash flows from investing activities | 5 | 24 | 196 | (498 | ) | (226 | ) | (499 | ) | |||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | — | 293 | — | 293 | ||||||||||||||||||
Repayments of long-term debt | — | — | — | (388 | ) | — | (388 | ) | ||||||||||||||||
Purchase of treasury stock | (11 | ) | — | — | — | — | (11 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 6 | — | — | — | — | 6 | ||||||||||||||||||
Distributions to parent | — | (25 | ) | (5 | ) | (196 | ) | 226 | — | |||||||||||||||
Other, net | — | 7 | — | (2 | ) | — | 5 | |||||||||||||||||
Net cash flows from financing activities | (5 | ) | (18 | ) | (5 | ) | (293 | ) | 226 | (95 | ) | |||||||||||||
NET DECREASE IN CASH AND CASH EQUIVALENTS | — | (5 | ) | — | (12 | ) | — | (17 | ) | |||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | 5 | — | 16 | — | 21 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | — | $ | — | $ | 4 | $ | — | $ | 4 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 128 | $ | (33 | ) | $ | (42 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 425 | — | 425 | ||||||||||||||||||
Noncash interest expense | — | — | 6 | 7 | — | 13 | ||||||||||||||||||
Loss on extinguishment of debt | — | — | — | 42 | — | 42 | ||||||||||||||||||
Loss on derivative instruments, net | — | — | — | 3 | — | 3 | ||||||||||||||||||
Deferred income taxes | 2 | — | — | — | — | 2 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | 37 | 47 | (117 | ) | — | 33 | — | |||||||||||||||||
Other, net | — | — | — | 12 | — | 12 | ||||||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||||||
Accounts receivable | — | (4 | ) | — | 30 | — | 26 | |||||||||||||||||
Prepaid expenses and other assets | — | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||
Accounts payable, accrued liabilities and other | (2 | ) | (10 | ) | 76 | 12 | — | 76 | ||||||||||||||||
Receivables from and payables to related party | 15 | 13 | (1 | ) | (27 | ) | — | — | ||||||||||||||||
Net cash flows from operating activities | 7 | 1 | (83 | ) | 616 | — | 541 | |||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (412 | ) | — | (412 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | (11 | ) | — | (11 | ) | ||||||||||||||||
Contribution to subsidiary | — | — | (988 | ) | — | 988 | — | |||||||||||||||||
Distributions from subsidiary | — | — | 84 | — | (84 | ) | — | |||||||||||||||||
Other, net | — | — | — | (9 | ) | — | (9 | ) | ||||||||||||||||
Net cash flows from investing activities | — | — | (904 | ) | (432 | ) | 904 | (432 | ) | |||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 1,000 | 315 | — | 1,315 | ||||||||||||||||||
Repayments of long-term debt | — | — | — | (1,355 | ) | — | (1,355 | ) | ||||||||||||||||
Payments for debt issuance costs | — | — | (12 | ) | — | — | (12 | ) | ||||||||||||||||
Purchase of treasury stock | (5 | ) | — | — | — | — | (5 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 5 | — | — | — | — | 5 | ||||||||||||||||||
Contributions from parent | — | — | — | 988 | (988 | ) | — | |||||||||||||||||
Distributions to parent | — | — | — | (84 | ) | 84 | — | |||||||||||||||||
Other, net | — | — | — | 1 | — | 1 | ||||||||||||||||||
Net cash flows from financing activities | — | — | 988 | (135 | ) | (904 | ) | (51 | ) | |||||||||||||||
NET INCREASE IN CASH AND CASH EQUIVALENTS | 7 | 1 | 1 | 49 | — | 58 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | 1 | — | — | 6 | — | 7 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | 8 | $ | 1 | $ | 1 | $ | 55 | $ | — | $ | 65 | ||||||||||||
Recently_Issued_Accounting_Sta
Recently Issued Accounting Standards (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recently Issued Accounting Standards | ' |
Recently Issued Accounting Standards | |
In April 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of components of an Entity ("ASU 2014-08"). ASU 2014-08 changes the criteria for reporting a discontinued operation. Under the new guidance, a disposed component of an organization that represents a strategic shift that has (or will have) a major effect on its operations and financial results is a discontinued operation. For disposals of individually significant components that do not qualify for discontinued operations presentation, an entity must disclose pre-tax profit or loss of the disposed component. ASU 2014-08 requires prospective application to all disposals that are classified as held for sale and that occur within annual and interim periods beginning on or after December 15, 2015, with earlier application permitted for disposals that have not been reported in previously issued financial statements. The Company is currently evaluating the impact of ASU 2014-08 to its consolidated financial statements. |
Subsequent_Events_Notes
Subsequent Events (Notes) | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
On April 25, 2014, the Company entered into a binding definitive agreement (the “Agreement”) with Comcast Corporation (“Comcast”), which contemplates three transactions: (1) an asset purchase, (2) an asset exchange and (3) a contribution and spin-off transaction (collectively, the “Transactions”) as described in more detail below. The Transactions are expected to be executed substantially contemporaneously with each other and will be consummated as promptly as practicable following the merger of a subsidiary of Comcast with Time Warner Cable, Inc. (“TWC”) as previously announced by Comcast and TWC. The completion of the Transactions will result in the combined Comcast-TWC entity divesting approximately 3.9 million customers and Charter acquiring 1.4 million existing TWC customers, increasing its current video customer base from 4.4 million to approximately 5.7 million. Additionally, the Company will provide management services to the spun-off company, which will serve approximately 2.5 million customers, and the Company will be reimbursed the actual costs of such services, in addition to a fee of 4.25% of the spun-off company’s gross revenues. | |
Asset Purchase | |
At closing, the Company will acquire from Comcast systems currently owned by TWC serving approximately 1.4 million customers and all other assets and liabilities primarily related to such systems for cash consideration. The consideration for the assets purchased will be financed with new indebtedness of Charter and is currently estimated at approximately $7.3 billion. The Company will pay to Comcast the tax benefit of the step up it receives in the tax basis of the assets. Such tax benefit will be paid as realized by the Company over an eight year period, and an additional payment will be made at the end of such eight year period in the amount of any remaining tax benefit (on a present value basis). | |
Asset Exchange | |
At closing, the Company and Comcast will exchange certain systems serving approximately 1.6 million customers of each company and all other assets and liabilities primarily related to such systems in a tax-efficient like kind exchange, improving the geographic presence of both companies, leading to greater operational efficiencies, improved technology deployment and enhanced customer service. | |
Contribution and Spin-Off | |
CCH I, LLC (“CCH I”), a current subsidiary of Charter will form a new subsidiary which will merge with Charter, through a tax free reorganization. CCH I will become the new holding company (“New Charter”) that will own 100% of Charter, and acquire an approximate 33% stake in a new publicly-traded cable provider to be spun-off by Comcast serving approximately 2.5 million existing Comcast customers (“SpinCo”). New Charter will acquire its interest in SpinCo by issuing New Charter stock to Comcast shareholders (including former TWC shareholders). Comcast shareholders, including the former TWC shareholders, are expected to own approximately 67% of SpinCo, while New Charter is expected to directly own approximately 33% of SpinCo. SpinCo expects to incur leverage of approximately 5 times its estimated pro forma EBITDA to fund a distribution to Comcast. At closing, SpinCo will have a board of nine directors, separated into three classes, and will include six independent directors and three directors designated by Charter. Comcast will hold no ownership interest in SpinCo (or New Charter) and will have no role in managing SpinCo. | |
The asset purchase, asset exchange and the acquisition of interests in SpinCo will be valued at a 7.125 times 2014 EBITDA multiple (as defined by the parties), subject to certain post-closing adjustments. |
Accounting_for_Derivative_Inst1
Accounting for Derivative Instruments and Hedging Activities (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Accounting for Derivative Instruments and Hedging Activities | ' |
The Company uses interest rate derivative instruments to manage its interest costs and reduce the Company’s exposure to increases in floating interest rates. The Company manages its exposure to fluctuations in interest rates by maintaining a mix of fixed and variable rate debt. Using interest rate derivative instruments, the Company agrees to exchange, at specified intervals through 2017, the difference between fixed and variable interest amounts calculated by reference to agreed-upon notional principal amounts. | |
The Company does not hold or issue derivative instruments for speculative trading purposes. The Company, until de-designating in the three months ended March 31, 2013, had certain interest rate derivative instruments that were designated as cash flow hedging instruments for GAAP purposes. Such instruments effectively converted variable interest payments on certain debt instruments into fixed payments. For qualifying hedges, realized derivative gains and losses offset related results on hedged items in the condensed consolidated statements of operations. The Company formally documented, designated and assessed the effectiveness of transactions that received hedge accounting. |
Acquisition_of_Bresnan_Tables
Acquisition of Bresnan (Tables) | 3 Months Ended | |||
Mar. 31, 2014 | ||||
Business Combinations [Abstract] | ' | |||
Pro Forma Information | ' | |||
The following unaudited pro forma financial information of Charter is based on the historical consolidated financial statements of Charter and the historical consolidated financial statements of Bresnan and is intended to provide information about how the acquisition of Bresnan and related financing may have affected Charter's historical consolidated financial statements if they had closed as of January 1, 2012. The pro forma financial information below is based on available information and assumptions that the Company believes are reasonable. The pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what Charter's financial condition or results of operations would have been had the transactions described above occurred on the date indicated. The pro forma financial information also should not be considered representative of Charter's future financial condition or results of operations. | ||||
Three Months Ended March 31, 2013 | ||||
Revenues | $ | 2,048 | ||
Net loss | $ | (68 | ) | |
Loss per common share, basic and diluted | $ | (0.68 | ) |
Franchises_Goodwill_and_Other_1
Franchises, Goodwill and Other Intangible Assets (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Indefinite-lived and finite-lived intangible assets | ' | ||||||||||||||||||||||||
As of March 31, 2014 and December 31, 2013, indefinite lived and finite-lived intangible assets are presented in the following table: | |||||||||||||||||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||||
Indefinite-lived intangible assets: | |||||||||||||||||||||||||
Franchises | $ | 6,009 | $ | — | $ | 6,009 | $ | 6,009 | $ | — | $ | 6,009 | |||||||||||||
Goodwill | 1,177 | — | 1,177 | 1,177 | — | 1,177 | |||||||||||||||||||
Trademarks | 158 | — | 158 | 158 | — | 158 | |||||||||||||||||||
Other intangible assets | 4 | — | 4 | 4 | — | 4 | |||||||||||||||||||
$ | 7,348 | $ | — | $ | 7,348 | $ | 7,348 | $ | — | $ | 7,348 | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||||||||||
Customer relationships | $ | 2,617 | $ | 1,300 | $ | 1,317 | $ | 2,617 | $ | 1,228 | $ | 1,389 | |||||||||||||
Other intangible assets | 134 | 48 | 86 | 130 | 44 | 86 | |||||||||||||||||||
$ | 2,751 | $ | 1,348 | $ | 1,403 | $ | 2,747 | $ | 1,272 | $ | 1,475 | ||||||||||||||
Expected future amortization expense on finite-lived intangible assets | ' | ||||||||||||||||||||||||
The Company expects amortization expense on its finite-lived intangible assets will be as follows. | |||||||||||||||||||||||||
Nine months ended December 31, 2014 | $ | 222 | |||||||||||||||||||||||
2015 | 265 | ||||||||||||||||||||||||
2016 | 231 | ||||||||||||||||||||||||
2017 | 198 | ||||||||||||||||||||||||
2018 | 163 | ||||||||||||||||||||||||
Thereafter | 324 | ||||||||||||||||||||||||
$ | 1,403 | ||||||||||||||||||||||||
Accounts_Payable_and_Accrued_L1
Accounts Payable and Accrued Liabilities (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Accounts Payable and Accrued Liabilities, Current [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities | ' | ||||||||
Accounts payable and accrued liabilities consist of the following as of March 31, 2014 and December 31, 2013: | |||||||||
March 31, 2014 | December 31, 2013 | ||||||||
Accounts payable – trade | $ | 125 | $ | 91 | |||||
Accrued capital expenditures | 271 | 235 | |||||||
Deferred revenue | 88 | 90 | |||||||
Accrued liabilities: | |||||||||
Interest | 175 | 195 | |||||||
Programming costs | 414 | 379 | |||||||
Franchise related fees | 56 | 62 | |||||||
Compensation | 119 | 156 | |||||||
Other | 275 | 259 | |||||||
$ | 1,523 | $ | 1,467 | ||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Long-Term Debt | ' | |||||||||||||||
Long-term debt consists of the following as of March 31, 2014 and December 31, 2013: | ||||||||||||||||
March 31, 2014 | December 31, 2013 | |||||||||||||||
Principal Amount | Accreted Value | Principal Amount | Accreted Value | |||||||||||||
CCO Holdings, LLC: | ||||||||||||||||
7.250% senior notes due October 30, 2017 | $ | 1,000 | $ | 1,000 | $ | 1,000 | $ | 1,000 | ||||||||
7.000% senior notes due January 15, 2019 | 1,400 | 1,393 | 1,400 | 1,393 | ||||||||||||
8.125% senior notes due April 30, 2020 | 700 | 700 | 700 | 700 | ||||||||||||
7.375% senior notes due June 1, 2020 | 750 | 750 | 750 | 750 | ||||||||||||
5.250% senior notes due March 15, 2021 | 500 | 500 | 500 | 500 | ||||||||||||
6.500% senior notes due April 30, 2021 | 1,500 | 1,500 | 1,500 | 1,500 | ||||||||||||
6.625% senior notes due January 31, 2022 | 750 | 747 | 750 | 747 | ||||||||||||
5.250% senior notes due September 30, 2022 | 1,250 | 1,239 | 1,250 | 1,239 | ||||||||||||
5.125% senior notes due February 15, 2023 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||
5.750% senior notes due September 1, 2023 | 500 | 500 | 500 | 500 | ||||||||||||
5.750% senior notes due January 15, 2024 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||
Credit facility due September 6, 2014 | 350 | 345 | 350 | 342 | ||||||||||||
Charter Communications Operating, LLC: | ||||||||||||||||
Credit facilities | 3,453 | 3,416 | 3,548 | 3,510 | ||||||||||||
Long-Term Debt | $ | 14,153 | $ | 14,090 | $ | 14,248 | $ | 14,181 | ||||||||
Accounting_for_Derivative_Inst2
Accounting for Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||
Schedule of derivative instruments effect on the Company's condensed consolidated balance sheets | ' | |||||||
The effect of interest rate derivatives on the Company’s condensed consolidated balance sheets is presented in the table below: | ||||||||
March 31, 2014 | December 31, 2013 | |||||||
Accrued interest | $ | 11 | $ | 8 | ||||
Other long-term liabilities | $ | 15 | $ | 22 | ||||
Accumulated other comprehensive loss | $ | (35 | ) | $ | (41 | ) | ||
Schedule of derivative instruments effect on the Company's condensed consolidated statements of operations | ' | |||||||
The effects of interest rate derivative instruments on the Company’s condensed consolidated statements of operations is presented in the table below. | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Loss on derivative instruments, net: | ||||||||
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | $ | 4 | $ | 1 | ||||
Loss reclassified from accumulated other comprehensive loss into earnings as a result of cash flow hedge discontinuance | (6 | ) | (4 | ) | ||||
$ | (2 | ) | $ | (3 | ) | |||
Interest expense: | ||||||||
Loss reclassified from accumulated other comprehensive loss into interest expense | $ | — | $ | (10 | ) | |||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Summary of Carrying and Fair Value of Debt | ' | ||||||||||||||||
A summary of the carrying value and fair value of the Company’s debt at March 31, 2014 and December 31, 2013 is as follows: | |||||||||||||||||
March 31, 2014 | December 31, 2013 | ||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||
Debt | |||||||||||||||||
CCO Holdings senior notes | $ | 10,329 | $ | 10,687 | $ | 10,329 | $ | 10,384 | |||||||||
Credit facilities | $ | 3,761 | $ | 3,772 | $ | 3,852 | $ | 3,848 | |||||||||
Operating_Costs_and_Expenses_T
Operating Costs and Expenses (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Other Income and Expenses [Abstract] | ' | |||||||
Operating Costs and Expenses | ' | |||||||
Operating costs and expenses consist of the following for the years presented: | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Programming | $ | 606 | $ | 512 | ||||
Franchise, regulatory and connectivity | 107 | 95 | ||||||
Costs to service customers | 400 | 373 | ||||||
Marketing | 133 | 110 | ||||||
Other | 201 | 168 | ||||||
$ | 1,447 | $ | 1,258 | |||||
Other_Operating_Expenses_Net_T
Other Operating Expenses, Net (Tables) | 3 Months Ended | |||||||
Mar. 31, 2014 | ||||||||
Other Income and Expenses [Abstract] | ' | |||||||
Schedule of other operating expenses, net | ' | |||||||
Other operating expenses, net consist of the following for the years presented: | ||||||||
Three Months Ended March 31, | ||||||||
2014 | 2013 | |||||||
Loss on sale of assets, net | $ | 3 | $ | 1 | ||||
Special charges, net | 4 | 10 | ||||||
$ | 7 | $ | 11 | |||||
Stock_Compensation_Plans_Table
Stock Compensation Plans (Tables) | 3 Months Ended | |||||
Mar. 31, 2014 | ||||||
Share-based Compensation [Abstract] | ' | |||||
Schedule of equity award grants in period | ' | |||||
The Company granted the following equity awards for the years presented. | ||||||
Three Months Ended March 31, | ||||||
2014 | 2013 | |||||
Stock options | 1,174,800 | 102,500 | ||||
Restricted stock | — | — | ||||
Restricted stock units | 143,700 | 26,200 | ||||
Consolidating_Schedules_Tables
Consolidating Schedules (Tables) | 3 Months Ended | |||||||||||||||||||||||
Mar. 31, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Condensed Consolidating Balance Sheet | ' | |||||||||||||||||||||||
Condensed consolidating financial statements as of March 31, 2014 and December 31, 2013 and for the three months ended March 31, 2014 and 2013 follow. | ||||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet | ||||||||||||||||||||||||
As of March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO Holdings | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
CURRENT ASSETS: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | — | $ | 4 | $ | — | $ | 4 | ||||||||||||
Accounts receivable, net | 4 | 3 | — | 210 | — | 217 | ||||||||||||||||||
Receivables from related party | 47 | 192 | 3 | — | (242 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 14 | 13 | — | 56 | — | 83 | ||||||||||||||||||
Total current assets | 65 | 208 | 3 | 270 | (242 | ) | 304 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 30 | — | 8,049 | — | 8,079 | ||||||||||||||||||
Franchises | — | — | — | 6,009 | — | 6,009 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,317 | — | 1,317 | ||||||||||||||||||
Goodwill | — | — | — | 1,177 | — | 1,177 | ||||||||||||||||||
Total investment in cable properties, net | — | 30 | — | 16,552 | — | 16,582 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | — | 403 | — | — | (403 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,331 | 349 | 10,597 | — | (12,277 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 326 | 472 | — | (798 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 160 | 115 | 136 | — | 411 | ||||||||||||||||||
Total assets | $ | 1,396 | $ | 1,476 | $ | 11,187 | $ | 16,958 | $ | (13,720 | ) | $ | 17,297 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 5 | $ | 131 | $ | 164 | $ | 1,223 | $ | — | $ | 1,523 | ||||||||||||
Payables to related party | — | — | — | 242 | (242 | ) | — | |||||||||||||||||
Total current liabilities | 5 | 131 | 164 | 1,465 | (242 | ) | 1,523 | |||||||||||||||||
LONG-TERM DEBT | — | — | 10,674 | 3,416 | — | 14,090 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 798 | (798 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,264 | — | — | 228 | — | 1,492 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | 14 | — | 51 | — | 65 | ||||||||||||||||||
Shareholders’/Member’s equity | 127 | 1,331 | 349 | 10,597 | (12,277 | ) | 127 | |||||||||||||||||
Noncontrolling interest | — | — | — | 403 | (403 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 127 | 1,331 | 349 | 11,000 | (12,680 | ) | 127 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,396 | $ | 1,476 | $ | 11,187 | $ | 16,958 | $ | (13,720 | ) | $ | 17,297 | |||||||||||
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 | ||||||||||||
Accounts receivable, net | 4 | 4 | — | 226 | — | 234 | ||||||||||||||||||
Receivables from related party | 54 | 170 | 11 | — | (235 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 14 | 10 | — | 43 | — | 67 | ||||||||||||||||||
Total current assets | 72 | 189 | 11 | 285 | (235 | ) | 322 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 30 | — | 7,951 | — | 7,981 | ||||||||||||||||||
Franchises | — | — | — | 6,009 | — | 6,009 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,389 | — | 1,389 | ||||||||||||||||||
Goodwill | — | — | — | 1,177 | — | 1,177 | ||||||||||||||||||
Total investment in cable properties, net | — | 30 | — | 16,526 | — | 16,556 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | — | 392 | — | — | (392 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,295 | 325 | 10,592 | — | (12,212 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 318 | 461 | — | (779 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 160 | 119 | 138 | — | 417 | ||||||||||||||||||
Total assets | $ | 1,367 | $ | 1,414 | $ | 11,183 | $ | 16,949 | $ | (13,618 | ) | $ | 17,295 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 12 | $ | 113 | $ | 187 | $ | 1,155 | $ | — | $ | 1,467 | ||||||||||||
Payables to related party | — | — | — | 235 | (235 | ) | — | |||||||||||||||||
Total current liabilities | 12 | 113 | 187 | 1,390 | (235 | ) | 1,467 | |||||||||||||||||
LONG-TERM DEBT | — | — | 10,671 | 3,510 | — | 14,181 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 779 | (779 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,204 | — | — | 227 | — | 1,431 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | 6 | — | 59 | — | 65 | ||||||||||||||||||
Shareholders’/Member’s equity | 151 | 1,295 | 325 | 10,592 | (12,212 | ) | 151 | |||||||||||||||||
Noncontrolling interest | — | — | — | 392 | (392 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 151 | 1,295 | 325 | 10,984 | (12,604 | ) | 151 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,367 | $ | 1,414 | $ | 11,183 | $ | 16,949 | $ | (13,618 | ) | $ | 17,295 | |||||||||||
Schedule of Condensed Consolidating Statement of Operations | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 5 | $ | 60 | $ | — | $ | 2,202 | $ | (65 | ) | $ | 2,202 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 5 | 60 | — | 1,447 | (65 | ) | 1,447 | |||||||||||||||||
Depreciation and amortization | — | — | — | 505 | — | 505 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 7 | — | 7 | ||||||||||||||||||
5 | 60 | — | 1,959 | (65 | ) | 1,959 | ||||||||||||||||||
Income from operations | — | — | — | 243 | — | 243 | ||||||||||||||||||
OTHER INCOME (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 2 | (171 | ) | (42 | ) | — | (211 | ) | |||||||||||||||
Loss on derivative instruments, net | — | — | — | (2 | ) | — | (2 | ) | ||||||||||||||||
Other expense, net | — | — | — | (3 | ) | — | (3 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | 24 | 11 | 182 | — | (217 | ) | — | |||||||||||||||||
24 | 13 | 11 | (47 | ) | (217 | ) | (216 | ) | ||||||||||||||||
Income (loss) before income taxes | 24 | 13 | 11 | 196 | (217 | ) | 27 | |||||||||||||||||
INCOME TAX EXPENSE | (61 | ) | — | — | (3 | ) | — | (64 | ) | |||||||||||||||
Consolidated net income (loss) | (37 | ) | 13 | 11 | 193 | (217 | ) | (37 | ) | |||||||||||||||
Less: Net (income) loss – noncontrolling interest | — | 11 | — | (11 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (37 | ) | $ | 24 | $ | 11 | $ | 182 | $ | (217 | ) | $ | (37 | ) | |||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 5 | $ | 46 | $ | — | $ | 1,917 | $ | (51 | ) | $ | 1,917 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 5 | 46 | — | 1,258 | (51 | ) | 1,258 | |||||||||||||||||
Depreciation and amortization | — | — | — | 425 | — | 425 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 11 | — | 11 | ||||||||||||||||||
5 | 46 | — | 1,694 | (51 | ) | 1,694 | ||||||||||||||||||
Income from operations | — | — | — | 223 | — | 223 | ||||||||||||||||||
OTHER INCOME (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 2 | (164 | ) | (48 | ) | — | (210 | ) | |||||||||||||||
Loss on extinguishment of debt | — | — | — | (42 | ) | — | (42 | ) | ||||||||||||||||
Loss on derivative instruments, net | — | — | — | (3 | ) | — | (3 | ) | ||||||||||||||||
Other expense, net | — | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (37 | ) | (47 | ) | 117 | — | (33 | ) | — | |||||||||||||||
(37 | ) | (45 | ) | (47 | ) | (94 | ) | (33 | ) | (256 | ) | |||||||||||||
Income (loss) before income taxes | (37 | ) | (45 | ) | (47 | ) | 129 | (33 | ) | (33 | ) | |||||||||||||
INCOME TAX EXPENSE | (8 | ) | — | — | (1 | ) | — | (9 | ) | |||||||||||||||
Consolidated net income (loss) | (45 | ) | (45 | ) | (47 | ) | 128 | (33 | ) | (42 | ) | |||||||||||||
Less: Net (income) loss – noncontrolling interest | 3 | 8 | — | (11 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (42 | ) | $ | (37 | ) | $ | (47 | ) | $ | 117 | $ | (33 | ) | $ | (42 | ) | |||||||
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 193 | $ | (217 | ) | $ | (37 | ) | |||||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 6 | — | 6 | ||||||||||||||||||
Comprehensive income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 199 | $ | (217 | ) | $ | (31 | ) | |||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 128 | $ | (33 | ) | $ | (42 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 11 | — | 11 | ||||||||||||||||||
Comprehensive income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 139 | $ | (33 | ) | $ | (31 | ) | |||||||
Schedule of Condensed Consolidating Statement of Cash Flows | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the three months ended March 31, 2014 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (37 | ) | $ | 13 | $ | 11 | $ | 193 | $ | (217 | ) | $ | (37 | ) | |||||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 505 | — | 505 | ||||||||||||||||||
Noncash interest expense | — | — | 7 | 3 | — | 10 | ||||||||||||||||||
Loss on derivative instruments, net | — | — | — | 2 | — | 2 | ||||||||||||||||||
Deferred income taxes | 61 | — | — | 1 | — | 62 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | (24 | ) | (11 | ) | (182 | ) | — | 217 | — | |||||||||||||||
Other, net | — | (1 | ) | — | 16 | — | 15 | |||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||||||||||||||
Accounts receivable | — | 1 | — | 17 | — | 18 | ||||||||||||||||||
Prepaid expenses and other assets | — | (3 | ) | — | (14 | ) | — | (17 | ) | |||||||||||||||
Accounts payable, accrued liabilities and other | (6 | ) | 18 | (24 | ) | 31 | — | 19 | ||||||||||||||||
Receivables from and payables to related party | 6 | (28 | ) | (3 | ) | 25 | — | — | ||||||||||||||||
Net cash flows from operating activities | — | (11 | ) | (191 | ) | 779 | — | 577 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (539 | ) | — | (539 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 36 | — | 36 | ||||||||||||||||||
Distributions from subsidiary | 5 | 25 | 196 | — | (226 | ) | — | |||||||||||||||||
Other, net | — | (1 | ) | — | 5 | — | 4 | |||||||||||||||||
Net cash flows from investing activities | 5 | 24 | 196 | (498 | ) | (226 | ) | (499 | ) | |||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | — | 293 | — | 293 | ||||||||||||||||||
Repayments of long-term debt | — | — | — | (388 | ) | — | (388 | ) | ||||||||||||||||
Purchase of treasury stock | (11 | ) | — | — | — | — | (11 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 6 | — | — | — | — | 6 | ||||||||||||||||||
Distributions to parent | — | (25 | ) | (5 | ) | (196 | ) | 226 | — | |||||||||||||||
Other, net | — | 7 | — | (2 | ) | — | 5 | |||||||||||||||||
Net cash flows from financing activities | (5 | ) | (18 | ) | (5 | ) | (293 | ) | 226 | (95 | ) | |||||||||||||
NET DECREASE IN CASH AND CASH EQUIVALENTS | — | (5 | ) | — | (12 | ) | — | (17 | ) | |||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | 5 | — | 16 | — | 21 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | — | $ | — | $ | 4 | $ | — | $ | 4 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the three months ended March 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (45 | ) | $ | (45 | ) | $ | (47 | ) | $ | 128 | $ | (33 | ) | $ | (42 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 425 | — | 425 | ||||||||||||||||||
Noncash interest expense | — | — | 6 | 7 | — | 13 | ||||||||||||||||||
Loss on extinguishment of debt | — | — | — | 42 | — | 42 | ||||||||||||||||||
Loss on derivative instruments, net | — | — | — | 3 | — | 3 | ||||||||||||||||||
Deferred income taxes | 2 | — | — | — | — | 2 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | 37 | 47 | (117 | ) | — | 33 | — | |||||||||||||||||
Other, net | — | — | — | 12 | — | 12 | ||||||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||||||
Accounts receivable | — | (4 | ) | — | 30 | — | 26 | |||||||||||||||||
Prepaid expenses and other assets | — | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||
Accounts payable, accrued liabilities and other | (2 | ) | (10 | ) | 76 | 12 | — | 76 | ||||||||||||||||
Receivables from and payables to related party | 15 | 13 | (1 | ) | (27 | ) | — | — | ||||||||||||||||
Net cash flows from operating activities | 7 | 1 | (83 | ) | 616 | — | 541 | |||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (412 | ) | — | (412 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | (11 | ) | — | (11 | ) | ||||||||||||||||
Contribution to subsidiary | — | — | (988 | ) | — | 988 | — | |||||||||||||||||
Distributions from subsidiary | — | — | 84 | — | (84 | ) | — | |||||||||||||||||
Other, net | — | — | — | (9 | ) | — | (9 | ) | ||||||||||||||||
Net cash flows from investing activities | — | — | (904 | ) | (432 | ) | 904 | (432 | ) | |||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 1,000 | 315 | — | 1,315 | ||||||||||||||||||
Repayments of long-term debt | — | — | — | (1,355 | ) | — | (1,355 | ) | ||||||||||||||||
Payments for debt issuance costs | — | — | (12 | ) | — | — | (12 | ) | ||||||||||||||||
Purchase of treasury stock | (5 | ) | — | — | — | — | (5 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 5 | — | — | — | — | 5 | ||||||||||||||||||
Contributions from parent | — | — | — | 988 | (988 | ) | — | |||||||||||||||||
Distributions to parent | — | — | — | (84 | ) | 84 | — | |||||||||||||||||
Other, net | — | — | — | 1 | — | 1 | ||||||||||||||||||
Net cash flows from financing activities | — | — | 988 | (135 | ) | (904 | ) | (51 | ) | |||||||||||||||
NET INCREASE IN CASH AND CASH EQUIVALENTS | 7 | 1 | 1 | 49 | — | 58 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | 1 | — | — | 6 | — | 7 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | 8 | $ | 1 | $ | 1 | $ | 55 | $ | — | $ | 65 | ||||||||||||
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation (Details) | 3 Months Ended |
Mar. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Equity interest in Charter Communications Holding Company, LLC | 100.00% |
Acquisition_of_Bresnan_Details
Acquisition of Bresnan (Details) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Mar. 31, 2013 | Jul. 31, 2013 |
Bresnan [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Purchase price | ' | $1,625 |
Pro forma revenues | 2,048 | ' |
Pro forma net Ioss | -68 | ' |
Pro forma loss per common share, basic and diluted (in dollars per share) | ($0.68) | ' |
Charter Operating [Member] | Term Loan E [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Principal Amount, credit facilities | ' | $1,500 |
Franchises_Goodwill_and_Other_2
Franchises, Goodwill and Other Intangible Assets Indefinite and Finite-Lived Intangibles (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Goodwill | $1,177 | $1,177 |
Total indefinite lived intangible assets | 7,348 | 7,348 |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 2,751 | 2,747 |
Accumulated amortization | 1,348 | 1,272 |
Net carrying amount | 1,403 | 1,475 |
Customer Relationships [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 2,617 | 2,617 |
Accumulated amortization | 1,300 | 1,228 |
Net carrying amount | 1,317 | 1,389 |
Other intangible assets [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 134 | 130 |
Accumulated amortization | 48 | 44 |
Net carrying amount | 86 | 86 |
Franchises [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Indefinite lived intangible assets, gross | 6,009 | 6,009 |
Goodwill [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Goodwill | 1,177 | 1,177 |
Trademarks [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Indefinite lived intangible assets, gross | 158 | 158 |
Other intangible assets [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Indefinite lived intangible assets, gross | $4 | $4 |
Franchises_Goodwill_and_Other_3
Franchises, Goodwill and Other Intangible Assets Other Intangibles Assets Amortization Expense (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' |
Finite-lived intangible assets, amortization expense | $76 | $68 |
Franchises_Goodwill_and_Other_4
Franchises, Goodwill and Other Intangible Assets Future Amortization Expense (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' |
Nine months ending December 31, 2014 | $222 | ' |
2015 | 265 | ' |
2016 | 231 | ' |
2017 | 198 | ' |
2018 | 163 | ' |
Thereafter | 324 | ' |
Net carrying amount | $1,403 | $1,475 |
Accounts_Payable_and_Accrued_L2
Accounts Payable and Accrued Liabilities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Accounts Payable and Accrued Liabilities, Current [Abstract] | ' | ' |
Accounts payable - trade | $125 | $91 |
Accrued capital expenditures | 271 | 235 |
Deferred revenue | 88 | 90 |
Accrued liabilities: | ' | ' |
Interest | 175 | 195 |
Programming costs | 414 | 379 |
Franchise related fees | 56 | 62 |
Compensation | 119 | 156 |
Other | 275 | 259 |
Total | $1,523 | $1,467 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 3 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Jan. 31, 2011 | Mar. 31, 2014 | Dec. 31, 2013 | Apr. 30, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2011 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | 31-May-11 | Mar. 31, 2014 | Dec. 31, 2013 | Jan. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Aug. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | 31-May-13 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | |
CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | Charter Operating [Member] | Charter Operating [Member] | ||||
7.250% senior notes due October 30, 2017 [Member] | 7.250% senior notes due October 30, 2017 [Member] | 7.250% senior notes due October 30, 2017 [Member] | 7.000% senior notes due January 15, 2019 [Member] | 7.000% senior notes due January 15, 2019 [Member] | 7.000% senior notes due January 15, 2019 [Member] | 8.125% senior notes due April 30, 2020 [Member] | 8.125% senior notes due April 30, 2020 [Member] | 8.125% senior notes due April 30, 2020 [Member] | 7.375% senior notes due June 1, 2020 [Member] | 7.375% senior notes due June 1, 2020 [Member] | 7.375% senior notes due June 1, 2020 [Member] | 5.250% senior notes due March 15, 2021 [Member] | 5.250% senior notes due March 15, 2021 [Member] | 5.250% senior notes due March 15, 2021 [Member] | 6.500% senior notes due April 30, 2021 [Member] | 6.500% senior notes due April 30, 2021 [Member] | 6.500% senior notes due April 30, 2021 [Member] | 6.625% senior notes due January 31, 2022 [Member] | 6.625% senior notes due January 31, 2022 [Member] | 6.625% senior notes due January 31, 2022 [Member] | 5.250% senior notes due September 30, 2022 [Member] | 5.250% senior notes due September 30, 2022 [Member] | 5.250% senior notes due September 30, 2022 [Member] | 5.125% senior notes due February 15, 2023 [Member] | 5.125% senior notes due February 15, 2023 [Member] | 5.750% senior notes due September 1, 2023 [Member] | 5.750% senior notes due September 1, 2023 [Member] | 5.750% senior notes due September 1, 2023 [Member] | 5.750% senior notes due January 15, 2024 [Member] | 5.750% senior notes due January 15, 2024 [Member] | 5.750% senior notes due January 15, 2024 [Member] | CCO Holdings credit facility due September 6, 2014 [Member] | CCO Holdings credit facility due September 6, 2014 [Member] | Charter Operating credit facilities [Member] | Charter Operating credit facilities [Member] | |||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Amount | $14,153,000,000 | ' | $14,248,000,000 | ' | ' | ' | $1,000,000,000 | $1,000,000,000 | ' | $1,400,000,000 | $1,400,000,000 | ' | $700,000,000 | $700,000,000 | ' | $750,000,000 | $750,000,000 | ' | $500,000,000 | $500,000,000 | $500,000,000 | $1,500,000,000 | $1,500,000,000 | ' | $750,000,000 | $750,000,000 | ' | $1,250,000,000 | $1,250,000,000 | ' | $1,000,000,000 | $1,000,000,000 | $500,000,000 | $500,000,000 | $500,000,000 | $1,000,000,000 | $1,000,000,000 | ' | ' | ' | ' | ' |
Principal Amount, credit facilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000,000 | 350,000,000 | 3,453,000,000 | 3,548,000,000 |
Accreted Value | 14,090,000,000 | ' | 14,181,000,000 | ' | 10,674,000,000 | 10,671,000,000 | 1,000,000,000 | 1,000,000,000 | ' | 1,393,000,000 | 1,393,000,000 | ' | 700,000,000 | 700,000,000 | ' | 750,000,000 | 750,000,000 | ' | 500,000,000 | 500,000,000 | ' | 1,500,000,000 | 1,500,000,000 | ' | 747,000,000 | 747,000,000 | ' | 1,239,000,000 | 1,239,000,000 | ' | 1,000,000,000 | 1,000,000,000 | 500,000,000 | 500,000,000 | ' | 1,000,000,000 | 1,000,000,000 | ' | 345,000,000 | 342,000,000 | 3,416,000,000 | 3,510,000,000 |
Credit Facility Availability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,200,000,000 | ' |
Stated interest rate (percentage) | ' | ' | ' | ' | ' | ' | ' | ' | 7.25% | ' | ' | 7.00% | ' | ' | 8.13% | ' | ' | 7.38% | ' | ' | 5.25% | ' | ' | 6.50% | ' | ' | 6.63% | ' | ' | 5.25% | ' | 5.13% | ' | ' | 5.75% | ' | ' | 5.75% | ' | ' | ' | ' |
Loss on extinguishment of debt | $0 | $42,000,000 | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common_Stock_Details
Common Stock (Details) (Class A Common Stock [Member], USD $) | 3 Months Ended | |
In Millions, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Equity, Class of Treasury Stock [Line Items] | ' | ' |
Stock issued during period from exercise of warrants (in shares) | 2,000,000 | ' |
Income Tax Withholding [Member] | ' | ' |
Equity, Class of Treasury Stock [Line Items] | ' | ' |
Shares withheld in payment of income tax withholding owed by employees (in shares) | 77,834 | 59,113 |
Total consideration of stock purchase | $11 | $5 |
Accounting_for_Derivative_Inst3
Accounting for Derivative Instruments and Hedging Activities Derivative instruments effect on the Company's condensed consolidated balance sheets (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Accumulated other comprehensive loss | ($35) | ($41) |
Accrued interest [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | 11 | 8 |
Other long-term liabilities [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | 15 | 22 |
Accumulated other comprehensive loss [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Accumulated other comprehensive loss | ($35) | ($41) |
Accounting_for_Derivative_Inst4
Accounting for Derivative Instruments and Hedging Activities Derivative instruments effect on the Company's condensed consolidated statements of operations (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Derivative instruments, Gain (Loss) [Line Items] | ' | ' |
Loss on derivative instruments, net | ($2) | ($3) |
Interest Expense [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative instruments, Gain (Loss) [Line Items] | ' | ' |
Loss reclassified from accumulated other comprehensive loss into earnings | 0 | -10 |
Loss on derivative instruments, net [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative instruments, Gain (Loss) [Line Items] | ' | ' |
Loss reclassified from accumulated other comprehensive loss into earnings | -6 | -4 |
Not Designated as Hedging Instrument [Member] | Loss on derivative instruments, net [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ' | ' |
Derivative instruments, Gain (Loss) [Line Items] | ' | ' |
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | 4 | 1 |
Loss on derivative instruments, net | ($2) | ($3) |
Accounting_for_Derivative_Inst5
Accounting for Derivative Instruments and Hedging Activities (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Cash Flow Hedge Loss to be Reclassified within Twelve Months | $16,000,000 | ' |
Derivative, Notional Amount | 1,700,000,000 | 2,200,000,000 |
Delayed start interest rate derivative instruments | 250,000,000 | ' |
Notional amount of currently effective interest rate swaps | $1,500,000,000 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | $14,090 | $14,181 |
Weighted average pay rate for the Company's interest rate swap agreements (in hundredths) | 2.04% | 2.17% |
CCO Holdings debt [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | 10,329 | 10,329 |
Credit facilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | 3,761 | 3,852 |
Fair Value, Inputs, Level 1 [Member] | CCO Holdings debt [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value | 10,687 | 10,384 |
Fair Value, Inputs, Level 1 [Member] | Credit facilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value | 3,772 | 3,848 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | $26 | $30 |
Operating_Costs_and_Expenses_D
Operating Costs and Expenses (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Other Income and Expenses [Abstract] | ' | ' |
Programming | $606 | $512 |
Franchise, regulatory and connectivity | 107 | 95 |
Cost to service customers | 400 | 373 |
Marketing | 133 | 110 |
Other | 201 | 168 |
Operating costs and expenses (excluding depreciation and amortization) | $1,447 | $1,258 |
Other_Operating_Expenses_Net_D
Other Operating Expenses, Net (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Other Income and Expenses [Abstract] | ' | ' |
Loss on sale of assets, net | $3 | $1 |
Special charges, net | 4 | 10 |
Other operating expenses, net | $7 | $11 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | |||||
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | 31-May-13 |
Charter Holdco Subsidiaries [Member] | Charter Holdco Subsidiaries [Member] | Liberty Media [Member] | ||||
Income Tax Contingency [Line Items] | ' | ' | ' | ' | ' | ' |
Income tax expense | $64 | $9 | ' | ' | ' | ' |
Decrease in Deferred Income Taxes | ' | 57 | ' | ' | ' | ' |
Deferred Tax Liabilities, Net | 1,500 | ' | 1,400 | 227 | 226 | ' |
Deferred Tax Assets, Net, Current | $15 | ' | $16 | ' | ' | ' |
Liberty Media interest in Charter (percentage) | 100.00% | ' | ' | ' | ' | 27.00% |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | Mar. 31, 2014 | 31-May-13 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2013 | 31-May-13 |
Share data in Millions, except Per Share data, unless otherwise specified | Liberty Media [Member] | Liberty Interactive [Member] | Liberty Interactive [Member] | Maximum [Member] | Maximum [Member] | |
Liberty Media [Member] | ||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' |
Number of shares Liberty Media acquired from Charter's beneficial owners (in shares) | ' | 26.9 | ' | ' | ' | ' |
Number of warrants Liberty Media acquired from Charter's beneficial owners (in shares) | ' | 1.1 | ' | ' | ' | ' |
Amount paid for interest in Charter | ' | $2,600,000,000 | ' | ' | ' | ' |
Ownership interest (percentage) | 100.00% | 27.00% | ' | ' | ' | ' |
Price paid per share for interest in Charter (in dollars per share) | ' | $95.50 | ' | ' | ' | ' |
Equity method investment, maximum ownership percentage until January 2016 (percentage) | ' | ' | ' | ' | ' | 35.00% |
Equity method investment, maximum ownership percentage after January 2016 (percentage) | ' | ' | ' | ' | ' | 39.99% |
Dr. John Malone's voting interest in Liberty Interactive Corp. (percentage) | ' | ' | ' | 36.00% | ' | ' |
Liberty Interactive Corp.'s ownership percentage in HSN, Inc. (percentage) | ' | ' | ' | 37.60% | ' | ' |
Percent of board members Liberty Interactive Corp. can elect to HSN Inc.'s board (percentage) | ' | ' | ' | 20.00% | ' | ' |
Payments received from HSN and QVC | ' | ' | $3,000,000 | ' | ' | ' |
Dr. John Malone's ownership percentage in Discovery Communications, Inc. (percentage) | 4.50% | ' | ' | ' | ' | ' |
Dr. John Malone's voting interest in Discovery Communications, Inc. for election of directors (percentage) | 28.90% | ' | ' | ' | ' | ' |
Dr. John Malone's ownership percentage in Starz (percentage) | 10.10% | ' | ' | ' | ' | ' |
Dr. John Malone's voting interest in Starz (percentage) | 45.50% | ' | ' | ' | ' | ' |
Percent of total operating costs and expenses paid to Discovery and Starz (percentage) | ' | ' | ' | ' | 3.00% | ' |
Contingencies_Details
Contingencies (Details) (Montana Department of Revenue [Member], USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
Montana Department of Revenue [Member] | ' | ' | ' | ' |
Bresnan Cable Legal Matters [Line Items] | ' | ' | ' | ' |
Property Tax Assessment on Cable Companies (percentage) | 3.00% | ' | ' | ' |
Property Tax Assessment on Phone Companies (percentage) | 6.00% | ' | ' | ' |
Loss Contingency Disputed Property Tax Protest Payments Held In Escrow | ' | $9 | $11 | $5 |
Loss Contingency Disputed Property Tax Protest Payments 2007-2009 | 16 | ' | ' | ' |
Total Loss Contingency Disputed Property Tax Protest Payments Held In Escrow 2010-2012 | $25 | ' | ' | ' |
Stock_Compensation_Plans_Detai
Stock Compensation Plans (Details) (USD $) | 3 Months Ended | |
In Millions, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock compensation expense | $12 | $11 |
Stock Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock options granted in period (in shares) | 1,174,800 | 102,500 |
Options expiration period (in years) | '10 years | ' |
Unrecognized compensation cost | 78 | ' |
Remaining period over which to recognize unrecognized compensation expense (in years) | '3 years | ' |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity other than stock options granted in period (in shares) | 0 | 0 |
Unrecognized compensation cost | 15 | ' |
Remaining period over which to recognize unrecognized compensation expense (in years) | '2 years | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity other than stock options granted in period (in shares) | 143,700 | 26,200 |
Unrecognized compensation cost | $31 | ' |
Remaining period over which to recognize unrecognized compensation expense (in years) | '3 years | ' |
Maximum [Member] | Stock Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '4 years | ' |
Maximum [Member] | Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '4 years | ' |
Maximum [Member] | Restricted Stock Units (RSUs) [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '4 years | ' |
Minimum [Member] | Stock Options [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '3 years | ' |
Minimum [Member] | Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '1 year | ' |
Minimum [Member] | Restricted Stock Units (RSUs) [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Equity Award Vesting Period (in years) | '3 years | ' |
Condensed_Consolidating_Balanc
Condensed Consolidating Balance Sheets (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||||
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | $4 | $21 | $65 | $7 |
Accounts receivable, net | 217 | 234 | ' | ' |
Receivables from related party | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 83 | 67 | ' | ' |
Total current assets | 304 | 322 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 8,079 | 7,981 | ' | ' |
Franchises | 6,009 | 6,009 | ' | ' |
Customer relationships, net | 1,317 | 1,389 | ' | ' |
Goodwill | 1,177 | 1,177 | ' | ' |
Total investment in cable properties, net | 16,582 | 16,556 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 0 | 0 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 411 | 417 | ' | ' |
Total assets | 17,297 | 17,295 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 1,523 | 1,467 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 1,523 | 1,467 | ' | ' |
LONG-TERM DEBT | 14,090 | 14,181 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 1,492 | 1,431 | ' | ' |
OTHER LONG-TERM LIABILITIES | 65 | 65 | ' | ' |
Shareholders'/Member's equity | 127 | 151 | ' | ' |
Noncontrolling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 127 | 151 | ' | ' |
Total liabilities and shareholders'/member's equity | 17,297 | 17,295 | ' | ' |
Charter [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 8 | 1 |
Accounts receivable, net | 4 | 4 | ' | ' |
Receivables from related party | 47 | 54 | ' | ' |
Prepaid expenses and other current assets | 14 | 14 | ' | ' |
Total current assets | 65 | 72 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Franchises | 0 | 0 | ' | ' |
Customer relationships, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Total investment in cable properties, net | 0 | 0 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 1,331 | 1,295 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 0 | 0 | ' | ' |
Total assets | 1,396 | 1,367 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 5 | 12 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 5 | 12 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 1,264 | 1,204 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | 127 | 151 | ' | ' |
Noncontrolling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 127 | 151 | ' | ' |
Total liabilities and shareholders'/member's equity | 1,396 | 1,367 | ' | ' |
Intermediate Holding Companies [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 5 | 1 | 0 |
Accounts receivable, net | 3 | 4 | ' | ' |
Receivables from related party | 192 | 170 | ' | ' |
Prepaid expenses and other current assets | 13 | 10 | ' | ' |
Total current assets | 208 | 189 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 30 | 30 | ' | ' |
Franchises | 0 | 0 | ' | ' |
Customer relationships, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Total investment in cable properties, net | 30 | 30 | ' | ' |
CC VIII PREFERRED INTEREST | 403 | 392 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 349 | 325 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 326 | 318 | ' | ' |
OTHER NONCURRENT ASSETS | 160 | 160 | ' | ' |
Total assets | 1,476 | 1,414 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 131 | 113 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 131 | 113 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 14 | 6 | ' | ' |
Shareholders'/Member's equity | 1,331 | 1,295 | ' | ' |
Noncontrolling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 1,331 | 1,295 | ' | ' |
Total liabilities and shareholders'/member's equity | 1,476 | 1,414 | ' | ' |
CCO Holdings [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 1 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Receivables from related party | 3 | 11 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | 3 | 11 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Franchises | 0 | 0 | ' | ' |
Customer relationships, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Total investment in cable properties, net | 0 | 0 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 10,597 | 10,592 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 472 | 461 | ' | ' |
OTHER NONCURRENT ASSETS | 115 | 119 | ' | ' |
Total assets | 11,187 | 11,183 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 164 | 187 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 164 | 187 | ' | ' |
LONG-TERM DEBT | 10,674 | 10,671 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | 349 | 325 | ' | ' |
Noncontrolling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 349 | 325 | ' | ' |
Total liabilities and shareholders'/member's equity | 11,187 | 11,183 | ' | ' |
Charter Operating and Subsidiaries [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 4 | 16 | 55 | 6 |
Accounts receivable, net | 210 | 226 | ' | ' |
Receivables from related party | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 56 | 43 | ' | ' |
Total current assets | 270 | 285 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 8,049 | 7,951 | ' | ' |
Franchises | 6,009 | 6,009 | ' | ' |
Customer relationships, net | 1,317 | 1,389 | ' | ' |
Goodwill | 1,177 | 1,177 | ' | ' |
Total investment in cable properties, net | 16,552 | 16,526 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 0 | 0 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 136 | 138 | ' | ' |
Total assets | 16,958 | 16,949 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 1,223 | 1,155 | ' | ' |
Payables to related party | 242 | 235 | ' | ' |
Total current liabilities | 1,465 | 1,390 | ' | ' |
LONG-TERM DEBT | 3,416 | 3,510 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 798 | 779 | ' | ' |
DEFERRED INCOME TAXES | 228 | 227 | ' | ' |
OTHER LONG-TERM LIABILITIES | 51 | 59 | ' | ' |
Shareholders'/Member's equity | 10,597 | 10,592 | ' | ' |
Noncontrolling interest | 403 | 392 | ' | ' |
Total shareholders'/member's equity | 11,000 | 10,984 | ' | ' |
Total liabilities and shareholders'/member's equity | 16,958 | 16,949 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Receivables from related party | -242 | -235 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | -242 | -235 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Franchises | 0 | 0 | ' | ' |
Customer relationships, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Total investment in cable properties, net | 0 | 0 | ' | ' |
CC VIII PREFERRED INTEREST | -403 | -392 | ' | ' |
INVESTMENT IN SUBSIDIARIES | -12,277 | -12,212 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | -798 | -779 | ' | ' |
OTHER NONCURRENT ASSETS | 0 | 0 | ' | ' |
Total assets | -13,720 | -13,618 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 0 | 0 | ' | ' |
Payables to related party | -242 | -235 | ' | ' |
Total current liabilities | -242 | -235 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | -798 | -779 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | -12,277 | -12,212 | ' | ' |
Noncontrolling interest | -403 | -392 | ' | ' |
Total shareholders'/member's equity | -12,680 | -12,604 | ' | ' |
Total liabilities and shareholders'/member's equity | ($13,720) | ($13,618) | ' | ' |
Condensed_Consolidating_Statem
Condensed Consolidating Statements of Operations (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
REVENUES | $2,202 | $1,917 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 1,447 | 1,258 |
Depreciation and amortization | 505 | 425 |
Other operating expenses, net | 7 | 11 |
Total costs and expenses | 1,959 | 1,694 |
Income from operations | 243 | 223 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest expense, net | -211 | -210 |
Loss on extinguishment of debt | 0 | -42 |
Loss on derivative instruments, net | -2 | -3 |
Other expense, net | -3 | -1 |
Equity in income (loss) of subisidiaries | 0 | 0 |
Total other income (expense) | -216 | -256 |
Income (loss) before income taxes | 27 | -33 |
Income tax expense | -64 | -9 |
Consolidated net income (loss) | -37 | -42 |
Less: Net (income) loss b noncontrolling interest | 0 | 0 |
Net income (loss) | -37 | -42 |
Charter [Member] | ' | ' |
REVENUES | 5 | 5 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 5 | 5 |
Depreciation and amortization | 0 | 0 |
Other operating expenses, net | 0 | 0 |
Total costs and expenses | 5 | 5 |
Income from operations | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest expense, net | 0 | 0 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Other expense, net | 0 | 0 |
Equity in income (loss) of subisidiaries | 24 | -37 |
Total other income (expense) | 24 | -37 |
Income (loss) before income taxes | 24 | -37 |
Income tax expense | -61 | -8 |
Consolidated net income (loss) | -37 | -45 |
Less: Net (income) loss b noncontrolling interest | 0 | 3 |
Net income (loss) | -37 | -42 |
Intermediate Holding Companies [Member] | ' | ' |
REVENUES | 60 | 46 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 60 | 46 |
Depreciation and amortization | 0 | 0 |
Other operating expenses, net | 0 | 0 |
Total costs and expenses | 60 | 46 |
Income from operations | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest Income (Expense), Net | 2 | 2 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Other expense, net | 0 | 0 |
Equity in income (loss) of subisidiaries | 11 | -47 |
Total other income (expense) | 13 | -45 |
Income (loss) before income taxes | 13 | -45 |
Income tax expense | 0 | 0 |
Consolidated net income (loss) | 13 | -45 |
Less: Net (income) loss b noncontrolling interest | 11 | 8 |
Net income (loss) | 24 | -37 |
CCO Holdings [Member] | ' | ' |
REVENUES | 0 | 0 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 0 | 0 |
Depreciation and amortization | 0 | 0 |
Other operating expenses, net | 0 | 0 |
Total costs and expenses | 0 | 0 |
Income from operations | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest expense, net | -171 | -164 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Other expense, net | 0 | 0 |
Equity in income (loss) of subisidiaries | 182 | 117 |
Total other income (expense) | 11 | -47 |
Income (loss) before income taxes | 11 | -47 |
Income tax expense | 0 | 0 |
Consolidated net income (loss) | 11 | -47 |
Less: Net (income) loss b noncontrolling interest | 0 | 0 |
Net income (loss) | 11 | -47 |
Charter Operating and Subsidiaries [Member] | ' | ' |
REVENUES | 2,202 | 1,917 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | 1,447 | 1,258 |
Depreciation and amortization | 505 | 425 |
Other operating expenses, net | 7 | 11 |
Total costs and expenses | 1,959 | 1,694 |
Income from operations | 243 | 223 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest expense, net | -42 | -48 |
Loss on extinguishment of debt | ' | -42 |
Loss on derivative instruments, net | -2 | -3 |
Other expense, net | -3 | -1 |
Equity in income (loss) of subisidiaries | 0 | 0 |
Total other income (expense) | -47 | -94 |
Income (loss) before income taxes | 196 | 129 |
Income tax expense | -3 | -1 |
Consolidated net income (loss) | 193 | 128 |
Less: Net (income) loss b noncontrolling interest | -11 | -11 |
Net income (loss) | 182 | 117 |
Eliminations [Member] | ' | ' |
REVENUES | -65 | -51 |
COSTS AND EXPENSES: | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | -65 | -51 |
Depreciation and amortization | 0 | 0 |
Other operating expenses, net | 0 | 0 |
Total costs and expenses | -65 | -51 |
Income from operations | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' |
Interest expense, net | 0 | 0 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Other expense, net | 0 | 0 |
Equity in income (loss) of subisidiaries | -217 | -33 |
Total other income (expense) | -217 | -33 |
Income (loss) before income taxes | -217 | -33 |
Income tax expense | 0 | 0 |
Consolidated net income (loss) | -217 | -33 |
Less: Net (income) loss b noncontrolling interest | 0 | 0 |
Net income (loss) | ($217) | ($33) |
Condensed_Consolidating_Statem1
Condensed Consolidating Statements of Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Consolidated net income (loss) | ($37) | ($42) |
Net impact of interest rate derivative instruments, net of tax | 6 | 11 |
Comprehensive income (loss) | -31 | -31 |
Charter [Member] | ' | ' |
Consolidated net income (loss) | -37 | -45 |
Net impact of interest rate derivative instruments, net of tax | 0 | 0 |
Comprehensive income (loss) | -37 | -45 |
Intermediate Holding Companies [Member] | ' | ' |
Consolidated net income (loss) | 13 | -45 |
Net impact of interest rate derivative instruments, net of tax | 0 | 0 |
Comprehensive income (loss) | 13 | -45 |
CCO Holdings [Member] | ' | ' |
Consolidated net income (loss) | 11 | -47 |
Net impact of interest rate derivative instruments, net of tax | 0 | 0 |
Comprehensive income (loss) | 11 | -47 |
Charter Operating and Subsidiaries [Member] | ' | ' |
Consolidated net income (loss) | 193 | 128 |
Net impact of interest rate derivative instruments, net of tax | 6 | 11 |
Comprehensive income (loss) | 199 | 139 |
Eliminations [Member] | ' | ' |
Consolidated net income (loss) | -217 | -33 |
Net impact of interest rate derivative instruments, net of tax | 0 | 0 |
Comprehensive income (loss) | ($217) | ($33) |
Condensed_Consolidating_Statem2
Condensed Consolidating Statements of Cash Flows (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | ($37) | ($42) |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 505 | 425 |
Noncash interest expense | 10 | 13 |
Loss on extinguishment of debt | 0 | 42 |
Loss on derivative instruments, net | 2 | 3 |
Deferred income taxes | 62 | 2 |
Equity in (income) losses of subisidiaries | 0 | 0 |
Other, net | 15 | 12 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 18 | 26 |
Prepaid expenses and other assets | -17 | -16 |
Accounts payable, accrued liabilities and other | 19 | 76 |
Receivables from and payables to related parties | 0 | 0 |
Net cash flows from operating activities | 577 | 541 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | -539 | -412 |
Change in accrued expenses related to capital expenditures | 36 | -11 |
Contribution to subsidiary | ' | 0 |
Distributions from subsidiary | 0 | 0 |
Other, net | 4 | -9 |
Net cash flows from investing activities | -499 | -432 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 293 | 1,315 |
Repayments of long-term debt | -388 | -1,355 |
Payments for debt issuance costs | 0 | -12 |
Purchase of treasury stock | -11 | -5 |
Proceeds from exercise of options and warrants | 6 | 5 |
Contributions from parent | ' | 0 |
Distributions to parent | 0 | 0 |
Other, net | 5 | 1 |
Net cash flows from financing activities | -95 | -51 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -17 | 58 |
CASH AND CASH EQUIVALENTS, beginning of period | 21 | 7 |
CASH AND CASH EQUIVALENTS, end of period | 4 | 65 |
Charter [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | -37 | -45 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 0 | 0 |
Noncash interest expense | 0 | 0 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Deferred income taxes | 61 | 2 |
Equity in (income) losses of subisidiaries | -24 | 37 |
Other, net | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 0 | 0 |
Prepaid expenses and other assets | 0 | 0 |
Accounts payable, accrued liabilities and other | -6 | -2 |
Receivables from and payables to related parties | 6 | 15 |
Net cash flows from operating activities | 0 | 7 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 |
Contribution to subsidiary | ' | 0 |
Distributions from subsidiary | 5 | 0 |
Other, net | 0 | 0 |
Net cash flows from investing activities | 5 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 0 | 0 |
Repayments of long-term debt | 0 | 0 |
Payments for debt issuance costs | ' | 0 |
Purchase of treasury stock | -11 | -5 |
Proceeds from exercise of options and warrants | 6 | 5 |
Contributions from parent | ' | 0 |
Distributions to parent | 0 | 0 |
Other, net | 0 | 0 |
Net cash flows from financing activities | -5 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 7 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 1 |
CASH AND CASH EQUIVALENTS, end of period | 0 | 8 |
Intermediate Holding Companies [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | 13 | -45 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 0 | 0 |
Noncash interest expense | 0 | 0 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Deferred income taxes | 0 | 0 |
Equity in (income) losses of subisidiaries | -11 | 47 |
Other, net | -1 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 1 | -4 |
Prepaid expenses and other assets | -3 | 0 |
Accounts payable, accrued liabilities and other | 18 | -10 |
Receivables from and payables to related parties | -28 | 13 |
Net cash flows from operating activities | -11 | 1 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 |
Contribution to subsidiary | ' | 0 |
Distributions from subsidiary | 25 | 0 |
Other, net | -1 | 0 |
Net cash flows from investing activities | 24 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 0 | 0 |
Repayments of long-term debt | 0 | 0 |
Payments for debt issuance costs | ' | 0 |
Purchase of treasury stock | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 |
Contributions from parent | ' | 0 |
Distributions to parent | -25 | 0 |
Other, net | 7 | 0 |
Net cash flows from financing activities | -18 | 0 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -5 | 1 |
CASH AND CASH EQUIVALENTS, beginning of period | 5 | 0 |
CASH AND CASH EQUIVALENTS, end of period | 0 | 1 |
CCO Holdings [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | 11 | -47 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 0 | 0 |
Noncash interest expense | 7 | 6 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Deferred income taxes | 0 | 0 |
Equity in (income) losses of subisidiaries | -182 | -117 |
Other, net | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 0 | 0 |
Prepaid expenses and other assets | 0 | 0 |
Accounts payable, accrued liabilities and other | -24 | 76 |
Receivables from and payables to related parties | -3 | -1 |
Net cash flows from operating activities | -191 | -83 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 |
Contribution to subsidiary | ' | -988 |
Distributions from subsidiary | 196 | 84 |
Other, net | 0 | 0 |
Net cash flows from investing activities | 196 | -904 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 0 | 1,000 |
Repayments of long-term debt | 0 | 0 |
Payments for debt issuance costs | ' | -12 |
Purchase of treasury stock | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 |
Contributions from parent | ' | 0 |
Distributions to parent | -5 | 0 |
Other, net | 0 | 0 |
Net cash flows from financing activities | -5 | 988 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 1 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 0 |
CASH AND CASH EQUIVALENTS, end of period | 0 | 1 |
Charter Operating and Subsidiaries [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | 193 | 128 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 505 | 425 |
Noncash interest expense | 3 | 7 |
Loss on extinguishment of debt | ' | 42 |
Loss on derivative instruments, net | 2 | 3 |
Deferred income taxes | 1 | 0 |
Equity in (income) losses of subisidiaries | 0 | 0 |
Other, net | 16 | 12 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 17 | 30 |
Prepaid expenses and other assets | -14 | -16 |
Accounts payable, accrued liabilities and other | 31 | 12 |
Receivables from and payables to related parties | 25 | -27 |
Net cash flows from operating activities | 779 | 616 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | -539 | -412 |
Change in accrued expenses related to capital expenditures | 36 | -11 |
Contribution to subsidiary | ' | 0 |
Distributions from subsidiary | 0 | 0 |
Other, net | 5 | -9 |
Net cash flows from investing activities | -498 | -432 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 293 | 315 |
Repayments of long-term debt | -388 | -1,355 |
Payments for debt issuance costs | ' | 0 |
Purchase of treasury stock | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 |
Contributions from parent | ' | 988 |
Distributions to parent | -196 | -84 |
Other, net | -2 | 1 |
Net cash flows from financing activities | -293 | -135 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -12 | 49 |
CASH AND CASH EQUIVALENTS, beginning of period | 16 | 6 |
CASH AND CASH EQUIVALENTS, end of period | 4 | 55 |
Eliminations [Member] | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Consolidated net income (loss) | -217 | -33 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' |
Depreciation and amortization | 0 | 0 |
Noncash interest expense | 0 | 0 |
Loss on extinguishment of debt | ' | 0 |
Loss on derivative instruments, net | 0 | 0 |
Deferred income taxes | 0 | 0 |
Equity in (income) losses of subisidiaries | 217 | 33 |
Other, net | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable | 0 | 0 |
Prepaid expenses and other assets | 0 | 0 |
Accounts payable, accrued liabilities and other | 0 | 0 |
Receivables from and payables to related parties | 0 | 0 |
Net cash flows from operating activities | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchases of property, plant and equipment | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 |
Contribution to subsidiary | ' | 988 |
Distributions from subsidiary | -226 | -84 |
Other, net | 0 | 0 |
Net cash flows from investing activities | -226 | 904 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Borrowings of long-term debt | 0 | 0 |
Repayments of long-term debt | 0 | 0 |
Payments for debt issuance costs | ' | 0 |
Purchase of treasury stock | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 |
Contributions from parent | ' | -988 |
Distributions to parent | 226 | 84 |
Other, net | 0 | 0 |
Net cash flows from financing activities | 226 | -904 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 0 |
CASH AND CASH EQUIVALENTS, end of period | $0 | $0 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 3 Months Ended |
In Billions, unless otherwise specified | Mar. 31, 2014 |
Subsequent Events [Abstract] | ' |
Number of customers to be divested by the Comcast -TWC entity (number) | 3,900,000 |
Number of TWC customers to be acquired by Charter (number) | 1,400,000 |
Current Charter video customer base (number) | 4,400,000 |
Future Charter video customer base (number) | 5,700,000 |
Number of customers served by SpinCo (number) | 2,500,000 |
Management fee percent (percentage) | 4.25% |
New indebtedness of Charter | $7.30 |
Number of customers to be exchanged between Charter and Comcast (number) | 1,600,000 |
Ownership interest (percentage) | 100.00% |
New Charter's percent ownership in SpinCo (percentage) | 33.00% |
Comcast shareholder's percent ownership in SpinCo (percentage) | 67.00% |
Leverage multiple | 5 |
SpinCo value multiple | 7.125 |