Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | |
In Billions, except Share data, unless otherwise specified | Dec. 31, 2013 | 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-K | ' |
Document Period End Date | 31-Dec-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q4 | ' |
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 | 106,144,075 | ' |
Entity Public Float | ' | $8.80 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
CURRENT ASSETS: | ' | ' |
Cash and cash equivalents | $21 | $7 |
Restricted cash and cash equivalents | 0 | 27 |
Accounts receivable, less allowance for doubtful accounts of $19 and $14, respectively | 234 | 234 |
Prepaid expenses and other current assets | 67 | 62 |
Total current assets | 322 | 330 |
INVESTMENT IN CABLE PROPERTIES: | ' | ' |
Property, plant and equipment, net of accumulated depreciation of $4,787 and $3,563, respectively | 7,981 | 7,206 |
Franchises | 6,009 | 5,287 |
Customer relationships, net | 1,389 | 1,424 |
Goodwill | 1,177 | 953 |
Total investment in cable properties, net | 16,556 | 14,870 |
OTHER NONCURRENT ASSETS | 417 | 396 |
Total assets | 17,295 | 15,596 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable and accrued liabilities | 1,467 | 1,224 |
Total current liabilities | 1,467 | 1,224 |
LONG-TERM DEBT | 14,181 | 12,808 |
DEFERRED INCOME TAXES | 1,431 | 1,321 |
OTHER LONG-TERM LIABILITIES | 65 | 94 |
SHAREHOLDERS' EQUITY: | ' | ' |
Preferred stock; $.001 par value; 250 million shares authorized; no shares issued and outstanding | 0 | 0 |
Additional paid-in capital | 1,760 | 1,616 |
Accumulated deficit | -1,568 | -1,392 |
Accumulated other comprehensive loss | -41 | -75 |
Total shareholders' equity | 151 | 149 |
Total liabilities and shareholders' equity | 17,295 | 15,596 |
Class A Common Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY: | ' | ' |
Common stock | 0 | 0 |
Total shareholders' equity | ' | ' |
Class B Common Stock [Member] | ' | ' |
SHAREHOLDERS' EQUITY: | ' | ' |
Common stock | 0 | 0 |
Total shareholders' equity | ' | ' |
CONSOLIDATED_BALANCE_SHEET_PAR
CONSOLIDATED BALANCE SHEET (PARENTHETICALS) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts (in dollars) | $19 | $14 |
Accumulated depreciation, property, plant and equipment (in dollars) | $4,787 | $3,563 |
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 |
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) | 106,144,075 | 101,176,247 |
Common Stock, shares outstanding (in shares) | 106,144,075 | 101,176,247 |
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 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Millions, except Share data, unless otherwise specified | 31-May-13 | Apr. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | 31-May-11 | Jan. 31, 2011 | Jun. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,148 | $2,118 | $1,972 | $1,917 | $1,913 | $1,880 | $1,884 | $1,827 | $8,155 | $7,504 | $7,204 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,345 | 4,860 | 4,564 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,854 | 1,713 | 1,592 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 15 | 7 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,230 | 6,588 | 6,163 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 246 | 220 | 236 | 223 | 206 | 211 | 269 | 230 | 925 | 916 | 1,041 |
OTHER EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -846 | -907 | -963 |
Loss on extinguishment of debt | -14 | -2 | -42 | -33 | -59 | -15 | -19 | -53 | -67 | -65 | ' | ' | ' | ' | ' | ' | ' | ' | -123 | -55 | -143 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 0 | 0 |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16 | -1 | -5 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -974 | -963 | -1,111 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -49 | -47 | -70 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -120 | -257 | -299 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $39 | ($70) | ($96) | ($42) | ($40) | ($87) | ($83) | ($94) | ($169) | ($304) | ($369) |
LOSS PER COMMON SHARE, BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS PER COMMON SHARE, BASIC AND DILUTED (in dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.68) | ($0.96) | ($0.42) | ($0.41) | ($0.87) | ($0.84) | ($0.95) | ($1.65) | ($3.05) | ($3.39) |
Weighted average common shares outstanding, basic and diluted (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,924,443 | 100,600,678 | 100,327,418 | 100,003,344 | 99,694,672 | 99,496,755 | 99,432,960 | 101,934,630 | 99,657,989 | 108,948,554 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | $39 | ($70) | ($96) | ($42) | ($40) | ($87) | ($83) | ($94) | ($169) | ($304) | ($369) |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 34 | -10 | -8 |
Comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | ($135) | ($314) | ($377) |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $) | Total | Additional Paid-In Capital [Member] | Accumulated Equity (Deficit) [Member] | Treasury Stock [Member] | Accumulated other comprehensive loss [Member] | Class A Common Stock [Member] | Class B Common Stock [Member] |
In Millions, unless otherwise specified | |||||||
Balance at Dec. 31, 2010 | $1,478 | $1,776 | ($235) | ($6) | ($57) | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net loss | -369 | ' | -369 | ' | ' | ' | ' |
Net impact of interest rate derivative instruments, net of tax | -8 | ' | ' | ' | -8 | ' | ' |
Stock compensation expense, net | 36 | 36 | ' | ' | ' | ' | ' |
Exercise of options | 5 | 5 | ' | ' | ' | ' | ' |
Purchase of treasury stock | -733 | ' | ' | -733 | ' | ' | ' |
Retirement of treasury stock | ' | -261 | -478 | 739 | ' | ' | ' |
Balance at Dec. 31, 2011 | 409 | 1,556 | -1,082 | ' | -65 | ' | ' |
Balance at Aug. 08, 2011 | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Purchase of treasury stock | ' | ' | ' | ' | ' | -200 | ' |
Balance at Dec. 31, 2011 | 409 | 1,556 | -1,082 | ' | -65 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net loss | -304 | ' | -304 | ' | ' | ' | ' |
Net impact of interest rate derivative instruments, net of tax | -10 | ' | ' | ' | -10 | ' | ' |
Stock compensation expense, net | 50 | 50 | ' | ' | ' | ' | ' |
Exercise of options | 15 | 15 | ' | ' | ' | ' | ' |
Purchase of treasury stock | -11 | ' | ' | -11 | ' | ' | ' |
Retirement of treasury stock | ' | -5 | -6 | 11 | ' | ' | ' |
Balance at Dec. 31, 2012 | 149 | 1,616 | -1,392 | ' | -75 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Net loss | -169 | ' | ' | ' | ' | ' | ' |
Net impact of interest rate derivative instruments, net of tax | 34 | ' | ' | ' | ' | ' | ' |
Stock compensation expense, net | 48 | 48 | ' | ' | ' | ' | ' |
Exercise of options and warrants | 104 | 104 | ' | ' | ' | ' | ' |
Purchase of treasury stock | -15 | ' | ' | -15 | ' | ' | ' |
Retirement of treasury stock | ' | -8 | -7 | 15 | ' | ' | ' |
Balance at Dec. 31, 2013 | $151 | $1,760 | ($1,568) | ' | ($41) | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES [Abstract] | ' | ' | ' |
Net loss | ($169) | ($304) | ($369) |
Adjustments to reconcile net loss to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 1,854 | 1,713 | 1,592 |
Noncash interest expense | 43 | 45 | 34 |
Loss on extinguishment of debt | 123 | 55 | 143 |
Gain on derivative instruments, net | -11 | 0 | 0 |
Deferred income taxes | 112 | 250 | 290 |
Other, net | 82 | 45 | 33 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | 10 | 34 | -24 |
Prepaid expenses and other assets | 0 | -8 | 1 |
Accounts payable, accrued liabilities and other | 114 | 46 | 37 |
Net cash flows from operating activities | 2,158 | 1,876 | 1,737 |
CASH FLOWS FROM INVESTING ACTIVITIES [Abstract] | ' | ' | ' |
Purchases of property, plant and equipment | -1,825 | -1,745 | -1,311 |
Change in accrued expenses related to capital expenditures | 76 | 13 | 57 |
Sales (purchases) of cable systems, net | -676 | 19 | -88 |
Other, net | -18 | -24 | -24 |
Net cash flows from investing activities | -2,443 | -1,737 | -1,366 |
CASH FLOWS FROM FINANCING ACTIVITIES [Abstract] | ' | ' | ' |
Borrowings of long-term debt | 6,782 | 5,830 | 5,489 |
Repayments of long-term debt | -6,520 | -5,901 | -5,072 |
Payments for debt issuance costs | -50 | -53 | -62 |
Purchase of treasury stock | -15 | -11 | -733 |
Proceeds from exercise of options and warrants | 104 | 15 | 5 |
Other, net | -2 | -14 | 0 |
Net cash flows from financing activities | 299 | -134 | -373 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 14 | 5 | -2 |
CASH AND CASH EQUIVALENTS, beginning of period | 7 | 2 | 4 |
CASH AND CASH EQUIVALENTS, end of period | 21 | 7 | 2 |
Cash Paid for Interest | $763 | $904 | $899 |
Organization_and_Basis_of_Pres
Organization and Basis of Presentation (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
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.” | |
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 Charter 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”). | |
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; valuations and impairments of property, plant and equipment, intangibles and goodwill; income taxes; contingencies and programming expense. Actual results could differ from those estimates. | |
Certain prior year amounts have been reclassified to conform with the 2013 presentation. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Summary of Significant Accounting Policies | ' | |||||||||||
Summary of Significant Accounting Policies | ||||||||||||
Consolidation | ||||||||||||
The accompanying consolidated financial statements include the accounts of Charter and its wholly owned subsidiaries. The Company consolidates based upon evaluation of the Company’s power, through voting rights or similar rights, to direct the activities of another entity that most significantly impact the entity’s economic performance; its obligation to absorb the expected losses of the entity; and its right to receive the expected residual returns of the entity. All significant inter-company accounts and transactions among consolidated entities have been eliminated. | ||||||||||||
Cash and Cash Equivalents | ||||||||||||
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. These investments are carried at cost, which approximates market value. Cash and cash equivalents consist primarily of money market funds and commercial paper. Restricted cash and cash equivalents consisted of amounts held in escrow accounts pending final resolution from the Bankruptcy Court. In April 2013, the restrictions on the cash and cash equivalents were resolved. | ||||||||||||
Property, Plant and Equipment | ||||||||||||
Additions to property, plant and equipment are recorded at cost, including all material, labor and certain indirect costs associated with the construction of cable transmission and distribution facilities. While the Company’s capitalization is based on specific activities, once capitalized, costs are tracked by fixed asset category at the cable system level and not on a specific asset basis. For assets that are sold or retired, the estimated historical cost and related accumulated depreciation is removed. Costs associated with initial customer installations and the additions of network equipment necessary to enable advanced video services are capitalized. Costs capitalized as part of initial customer installations include materials, labor, and certain indirect costs. Indirect costs are associated with the activities of the Company’s personnel who assist in connecting and activating the new service and consist of compensation and other costs associated with these support functions. Indirect costs primarily include employee benefits and payroll taxes, direct variable costs associated with capitalizable activities, consisting primarily of installation and construction, vehicle costs, the cost of dispatch personnel and indirect costs directly attributable to capitalizable activities. The costs of disconnecting service at a customer’s dwelling or reconnecting service to a previously installed dwelling are charged to operating expense in the period incurred. Costs for repairs and maintenance are charged to operating expense as incurred, while plant and equipment replacement and betterments, including replacement of cable drops from the pole to the dwelling, are capitalized. | ||||||||||||
Depreciation is recorded using the straight-line composite method over management’s estimate of the useful lives of the related assets as follows: | ||||||||||||
Cable distribution systems | 7-20 years | |||||||||||
Customer equipment and installations | 4-8 years | |||||||||||
Vehicles and equipment | 1-6 years | |||||||||||
Buildings and leasehold improvements | 15-40 years | |||||||||||
Furniture, fixtures and equipment | 6-10 years | |||||||||||
Asset Retirement Obligations | ||||||||||||
Certain of the Company’s franchise agreements and leases contain provisions requiring the Company to restore facilities or remove equipment in the event that the franchise or lease agreement is not renewed. The Company expects to continually renew its franchise agreements and has concluded that all of the related franchise rights are indefinite lived intangible assets. Accordingly, the possibility is remote that the Company would be required to incur significant restoration or removal costs related to these franchise agreements in the foreseeable future. A liability is required to be recognized for an asset retirement obligation in the period in which it is incurred if a reasonable estimate of fair value can be made. The Company has not recorded an estimate for potential franchise related obligations, but would record an estimated liability in the unlikely event a franchise agreement containing such a provision were no longer expected to be renewed. The Company also expects to renew many of its lease agreements related to the continued operation of its cable business in the franchise areas. For the Company’s lease agreements, the estimated liabilities related to the removal provisions, where applicable, have been recorded and are not significant to the financial statements. | ||||||||||||
Franchises | ||||||||||||
Franchise rights represent the value attributed to agreements or authorizations with local and state authorities that allow access to homes in cable service areas. Management estimates the fair value of franchise rights at the date of acquisition and determines if the franchise has a finite life or an indefinite life. All franchises that qualify for indefinite life treatment are tested for impairment annually or more frequently as warranted by events or changes in circumstances (see Note 6). The Company has concluded that all of its existing franchises qualify for indefinite life treatment. | ||||||||||||
Customer Relationships | ||||||||||||
Customer relationships represent the value attributable to the Company’s business relationships with its current customers including the right to deploy and market additional services to these customers. Customer relationships are amortized on an accelerated basis over the period the relationships with current customers are expected to generate cash flows (8-15 years). | ||||||||||||
Goodwill | ||||||||||||
The Company assesses the recoverability of its goodwill as of November 30 of each year, or more frequently whenever events or changes in circumstances indicate that the asset might be impaired. | ||||||||||||
Other Non-current Assets | ||||||||||||
Other non-current assets primarily include trademarks, right-of-entry costs and deferred financing costs. Trademarks have been determined to have an indefinite life and are tested annually for impairment. Right-of-entry costs represent costs incurred related to agreements entered into with landlords, real estate companies or owners to gain access to a building in order to provide cable service. Right-of-entry costs are generally deferred and amortized to amortization expense over the term of the agreement. Costs related to borrowings are deferred and amortized to interest expense over the terms of the related borrowings. | ||||||||||||
Valuation of Long-Lived Assets | ||||||||||||
The Company evaluates the recoverability of long-lived assets to be held and used when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Such events or changes in circumstances could include such factors as impairment of the Company’s indefinite life assets, changes in technological advances, fluctuations in the fair value of such assets, adverse changes in relationships with local franchise authorities, adverse changes in market conditions or a deterioration of operating results. If a review indicates that the carrying value of such asset is not recoverable from estimated undiscounted cash flows, the carrying value of such asset is reduced to its estimated fair value. While the Company believes that its estimates of future cash flows are reasonable, different assumptions regarding such cash flows could materially affect its evaluations of asset recoverability. No impairments of long-lived assets to be held and used were recorded in 2013, 2012 and 2011. | ||||||||||||
Derivative Financial Instruments | ||||||||||||
Gains or losses related to derivative financial instruments which qualify as hedging activities are recorded in accumulated other comprehensive loss. For all other derivative instruments, the related gains or losses are recorded in the statements of operations. The Company uses interest rate swap agreements 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 swap agreements, 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 any derivative financial instruments for trading purposes. | ||||||||||||
Revenue Recognition | ||||||||||||
Revenues from residential and commercial video, Internet and voice services are recognized when the related services are provided. Advertising sales are recognized at estimated realizable values in the period that the advertisements are broadcast. In some cases, the Company coordinates the advertising sales efforts of other cable operators in a certain market and remits amounts received from customers less an agreed-upon percentage to such cable operator. For those arrangements in which the Company acts as a principal, the Company records the revenues earned from the advertising customer on a gross basis and the amount remitted to the cable operator as an operating expense. | ||||||||||||
Fees imposed on Charter by various governmental authorities are passed through on a monthly basis to the Company’s customers and are periodically remitted to authorities. Fees of $263 million, $260 million and $249 million for the years ended December 31, 2013, 2012 and 2011, respectively, are reported in video, voice and commercial revenues, on a gross basis with a corresponding operating expense because the Company is acting as a principal. Other taxes, such as sales taxes imposed on the Company's customers collected and remitted to state and local authorities are recorded on a net basis because the Company is acting as an agent in such situation. | ||||||||||||
The Company’s revenues by product line are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Video | $ | 4,030 | $ | 3,639 | $ | 3,639 | ||||||
Internet | 2,186 | 1,866 | 1,708 | |||||||||
Voice | 644 | 828 | 858 | |||||||||
Commercial | 822 | 658 | 544 | |||||||||
Advertising sales | 291 | 334 | 292 | |||||||||
Other | 182 | 179 | 163 | |||||||||
$ | 8,155 | $ | 7,504 | $ | 7,204 | |||||||
Programming Costs | ||||||||||||
The Company has various contracts to obtain basic, digital and premium video programming from programming vendors whose compensation is typically based on a flat fee per customer. The cost of the right to exhibit network programming under such arrangements is recorded in operating expenses in the month the programming is available for exhibition. Programming costs are paid each month based on calculations performed by the Company and are subject to periodic audits performed by the programmers. Certain programming contracts contain incentives to be paid by the programmers. The Company receives these payments and recognizes the incentives on a straight-line basis over the life of the programming agreement as a reduction of programming expense. This offset to programming expense was $7 million, $6 million and $7 million for the years ended December 31, 2013, 2012 and 2011, respectively. Programming costs included in the accompanying statements of operations were $2.1 billion, $2.0 billion and $1.9 billion for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Advertising Costs | ||||||||||||
Advertising costs associated with marketing the Company’s products and services are generally expensed as costs are incurred. Such advertising expense was $357 million, $325 million and $285 million for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
Multiple-Element Transactions | ||||||||||||
In the normal course of business, the Company enters into multiple-element transactions where it is simultaneously both a customer and a vendor with the same counterparty or in which it purchases multiple products and/or services, or settles outstanding items contemporaneous with the purchase of a product or service from a single counterparty. Transactions, although negotiated contemporaneously, may be documented in one or more contracts. The Company’s policy for accounting for each transaction negotiated contemporaneously is to record each element of the transaction based on the respective estimated fair values of the products or services purchased and the products or services sold. In determining the fair value of the respective elements, the Company refers to quoted market prices (where available), historical transactions or comparable cash transactions. | ||||||||||||
Stock-Based Compensation | ||||||||||||
Restricted stock, restricted stock units, stock options and performance units and shares are measured at the grant date fair value and amortized to stock compensation expense over the requisite service period. The Company recorded $48 million, $50 million and $36 million of stock compensation expense which is included in operating costs and expenses and other operating expenses, net for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||||||
The fair value of options granted is estimated on the date of grant using the Black-Scholes option-pricing model and Monte Carlo simulations for options and restricted stock units with market conditions. The grant date weighted average assumptions used during the years ended December 31, 2013, 2012 and 2011, respectively, were: risk-free interest rate of 1.5%, 1.5% and 2.5%; expected volatility of 37.8%, 38.4% and 38.4%, and expected lives of 6.3 years, 6.3 years and 6.6 years. The grant date weighted average cost of equity used was 16.2%, 16.2% and 15.5% during the years ended December 31, 2013, 2012 and 2011, respectively. Volatility assumptions were based on historical volatility of Charter and a peer group. The Company’s volatility assumptions represent management’s best estimate and were partially based on historical volatility of a peer group because management does not believe Charter’s pre-emergence from bankruptcy historical volatility to be representative of its future volatility. Expected lives were calculated based on the simplified-method due to insufficient historical exercise data. The valuations assume no dividends are paid. | ||||||||||||
Income Taxes | ||||||||||||
The Company recognizes deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities and expected benefits of utilizing loss carryforwards. The impact on deferred taxes of changes in tax rates and tax law, if any, applied to the years during which temporary differences are expected to be settled, are reflected in the consolidated financial statements in the period of enactment (see Note 16). | ||||||||||||
Loss per Common Share | ||||||||||||
Basic loss per common share is computed by dividing the net loss by the weighted-average common shares outstanding during the respective periods. Diluted loss per common share equals basic loss per common share for the periods presented, as the effect of stock options and other convertible securities are anti-dilutive because the Company incurred net losses. | ||||||||||||
Segments | ||||||||||||
The Company’s operations are conducted through the use of a unified network and are managed and reported to its Chief Executive Officer ("CEO"), the Company's chief operating decision maker, on a consolidated basis. The CEO assesses performance and allocates resources based on the consolidated results of operations. Under this organizational and reporting structure, the Company has one reportable segment, broadband services. |
Acquisition_of_Bresnan_Notes
Acquisition of Bresnan (Notes) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Business Combinations [Abstract] | ' | |||||||
Acquisition of Bresnan | ' | |||||||
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 ("Cablevision"), 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 E (see Note 8) and borrowings under the Charter Operating credit facilities. The Company also incurred acquisition related costs of approximately $16 million, which are included in other expense, net and interest expense, net in the consolidated statements of operations for the year ended December 31, 2013. | ||||||||
The Company applied acquisition accounting to Bresnan, and its results of operations are included in the Company's consolidated results of operations following the acquisition date. The total purchase price was allocated to the identifiable tangible and intangible assets acquired and the liabilities assumed based on their estimated fair values using Level 3 inputs (see Note 12). | ||||||||
The excess of the purchase price over those fair values was recorded as goodwill. The fair value assigned to certain identifiable tangible and intangible assets acquired and liabilities assumed were based upon a third party valuation using the assumptions developed by management and other information compiled by management including, but not limited to, future expected cash flows. Certain liabilities assumed were based upon quoted market prices. | ||||||||
The tables below present the calculation of the purchase price and the allocation of the purchase price to the assets and liabilities acquired. | ||||||||
Purchase Price: | ||||||||
Purchase price | $ | 1,625 | ||||||
Bresnan debt assumed (including accrued interest) | (962 | ) | ||||||
Working capital adjustment | 13 | |||||||
Cash purchase price, net of cash acquired | $ | 676 | ||||||
Purchase Price Allocation: | ||||||||
Property, plant and equipment | $ | 515 | ||||||
Franchises | 722 | |||||||
Customer relationships | 249 | |||||||
Goodwill | 224 | |||||||
Other noncurrent assets | 4 | |||||||
Current assets | 16 | |||||||
Current liabilities | (69 | ) | ||||||
Long-term debt (including accrued interest) | (985 | ) | ||||||
Cash purchase price, net of cash acquired | $ | 676 | ||||||
Concurrent with the closing of the acquisition, Charter Operating repaid $711 million principal amount outstanding under the Bresnan credit facility and purchased $250 million aggregate principal amount of the 8.00% senior notes due 2018 issued by Bresnan (the “2018 Notes”) for $274 million, including approximately $23 million of tender premium. The 2018 Notes were initially recorded on the balance sheet at fair value, which approximated the principal amount plus the tender premium, with the offset to goodwill. | ||||||||
Charter's consolidated statement of operations for the year ended December 31, 2013 included $270 million of revenue and $17 million of net loss, including $16 million of acquisition related costs described above, from the acquisition of Bresnan. | ||||||||
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. | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 8,419 | $ | 8,017 | ||||
Net loss | $ | (194 | ) | $ | (392 | ) | ||
Loss per common share, basic and diluted | $ | (1.90 | ) | $ | (3.93 | ) |
Allowance_for_Doubtful_Account
Allowance for Doubtful Accounts (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||
Allowance for Doubtful Accounts | ' | |||||||||||
Allowance for Doubtful Accounts | ||||||||||||
Activity in the allowance for doubtful accounts is summarized as follows for the years presented: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of period | $ | 14 | $ | 16 | $ | 17 | ||||||
Charged to expense | 101 | 105 | 117 | |||||||||
Uncollected balances written off, net of recoveries | (96 | ) | (107 | ) | (118 | ) | ||||||
Balance, end of period | $ | 19 | $ | 14 | $ | 16 | ||||||
Property_Plant_and_Equipment_N
Property, Plant and Equipment (Notes) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment | ' | ||||||||
Property, Plant and Equipment | |||||||||
Property, plant and equipment consists of the following as of December 31, 2013 and 2012: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Cable distribution systems | $ | 7,556 | $ | 6,588 | |||||
Customer equipment and installations | 4,061 | 3,292 | |||||||
Vehicles and equipment | 270 | 195 | |||||||
Buildings and leasehold improvements | 425 | 342 | |||||||
Furniture, fixtures and equipment | 456 | 352 | |||||||
12,768 | 10,769 | ||||||||
Less: accumulated depreciation | (4,787 | ) | (3,563 | ) | |||||
$ | 7,981 | $ | 7,206 | ||||||
The Company periodically evaluates the estimated useful lives used to depreciate its assets and the estimated amount of assets that will be abandoned or have minimal use in the future. A significant change in assumptions about the extent or timing of future asset retirements, or in the Company’s use of new technology and upgrade programs, could materially affect future depreciation expense. | |||||||||
Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $1.6 billion, $1.4 billion, and $1.3 billion, respectively. Property, plant and equipment increased $515 million as a result of cable system acquisitions during the year ended December 31, 2013. |
Franchises_Goodwill_and_Other_
Franchises, Goodwill and Other Intangible Assets (Notes) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Franchises, Goodwill and Other Intangible Assets | ' | ||||||||||||||||||||||||
Franchises, Goodwill and Other Intangible Assets | |||||||||||||||||||||||||
Franchise rights represent the value attributed to agreements or authorizations with local and state authorities that allow access to homes in cable service areas. For valuation purposes, they are defined as the future economic benefits of the right to solicit and service potential customers (customer marketing rights), and the right to deploy and market new services to potential customers (service marketing rights). | |||||||||||||||||||||||||
Franchise assets are tested for impairment annually, or more frequently as warranted by events or changes in circumstances. Franchise assets are aggregated into essentially inseparable units of accounting to conduct valuations. The units of accounting generally represent geographical clustering of our cable systems into groups. | |||||||||||||||||||||||||
The Company assesses qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that an indefinite lived intangible asset has been impaired. If, after this qualitative assessment, the Company determines that it is not more likely than not that an indefinite lived intangible asset has been impaired, then no further quantitative testing is necessary. In completing the 2013 and 2012 impairment testing, the Company evaluated the impact of various factors to the expected future cash flows attributable to its units of accounting and to the assumed discount rate which would be used to present value those cash flows. Such factors included macro-economic and industry conditions including the capital markets, regulatory, and competitive environment, and costs of programming and customer premise equipment along with changes to our organizational structure and strategies. After consideration of these qualitative factors, the Company concluded that it is more likely than not that the fair value of the franchise assets in each unit of accounting exceeds the carrying value of such assets and therefore did not perform a quantitative analysis in 2013 or 2012. | |||||||||||||||||||||||||
If we are required to perform a quantitative analysis to test the Company's franchise assets for impairment, the Company determines the estimated fair value utilizing an income approach model based on the present value of the estimated discrete future cash flows attributable to each of the intangible assets identified assuming a discount rate. This approach makes use of unobservable factors such as projected revenues, expenses, capital expenditures, and a discount rate applied to the estimated cash flows. The determination of the discount rate is based on a weighted average cost of capital approach, which uses a market participant’s cost of equity and after-tax cost of debt and reflects the risks inherent in the cash flows. | |||||||||||||||||||||||||
The Company estimates discounted future cash flows using reasonable and appropriate assumptions including among others, penetration rates for video, high-speed Internet, and voice; revenue growth rates; operating margins; and capital expenditures. The assumptions are based on the Company’s and its peers’ historical operating performance adjusted for current and expected competitive and economic factors surrounding the cable industry. The estimates and assumptions made in the Company’s valuations are inherently subject to significant uncertainties, many of which are beyond its control, and there is no assurance that these results can be achieved. The primary assumptions for which there is a reasonable possibility of the occurrence of a variation that would significantly affect the measurement value include the assumptions regarding revenue growth, programming expense growth rates, the amount and timing of capital expenditures and the discount rate utilized. The quantitative franchise valuation completed for the year ended December 31, 2011 showed franchise values in excess of book values and thus resulted in no impairment. | |||||||||||||||||||||||||
Goodwill is tested for impairment as of November 30 of each year, or more frequently as warranted by events or changes in circumstances. Accounting guidance also permits a qualitative assessment for goodwill to determine whether it is more likely than not that the carrying value of a reporting unit exceeds its fair value. If, after this qualitative assessment, the Company determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount then no further quantitative testing would be necessary. If the Company is required to perform the two-step test under the accounting guidance, the first step involves a comparison of the estimated fair value of each reporting unit to its carrying amount. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired and the second step of the goodwill impairment is not necessary. If the carrying amount of a reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed, and a comparison of the implied fair value of the reporting unit’s goodwill is compared to its carrying amount to determine the amount of impairment, if any. The fair value of the reporting unit, when performing the second step of the goodwill impairment test, is determined using a consistent income approach model as that used for franchise impairment testing. As with the Company's franchise impairment testing, in 2013 and 2012, the Company elected to perform a qualitative assessment for its goodwill impairment testing and concluded that goodwill is not impaired. The Company’s 2011 quantitative impairment analysis also did not result in any goodwill impairment charges. | |||||||||||||||||||||||||
Customer relationships, for valuation purposes, represent the value of the business relationship with existing customers (less the anticipated customer churn), and are calculated by projecting the discrete future after-tax cash flows from these customers, including the right to deploy and market additional services to these customers. The present value of these after-tax cash flows yields the fair value of the customer relationships. Customer relationships are amortized on an accelerated method over useful lives of 8-15 years based on the period over which current customers are expected to generate cash flows. Customer relationships are evaluated for impairment upon the occurrence of events or changes in circumstances indicating that the carrying amount of an asset may not be recoverable. | |||||||||||||||||||||||||
The fair value of trademarks is determined using the relief-from-royalty method which applies a fair royalty rate to estimated revenue. Royalty rates are estimated based on a review of market royalty rates in the communications and entertainment industries. As the Company expects to continue to use each trademark indefinitely, trademarks have been assigned an indefinite life and are tested annually for impairment using either a qualitative analysis or quantitative analysis as elected by management. The qualitative analyses in 2013 and 2012 did not identify any factors that would indicate that it was more likely than not that the fair value of trademarks were less than the carrying value and thus resulted in no impairment. The Company’s 2011 quantitative impairment analysis did not result in any trademark impairment charges. | |||||||||||||||||||||||||
As of December 31, 2013 and 2012, indefinite lived and finite-lived intangible assets are presented in the following table: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
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 | $ | 5,287 | $ | — | $ | 5,287 | |||||||||||||
Goodwill | 1,177 | — | 1,177 | 953 | — | 953 | |||||||||||||||||||
Trademarks | 158 | — | 158 | 158 | — | 158 | |||||||||||||||||||
Other intangible assets | 4 | — | 4 | — | — | — | |||||||||||||||||||
$ | 7,348 | $ | — | $ | 7,348 | $ | 6,398 | $ | — | $ | 6,398 | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||||||||||
Customer relationships | $ | 2,617 | $ | 1,228 | $ | 1,389 | $ | 2,368 | $ | 944 | $ | 1,424 | |||||||||||||
Other intangible assets | 130 | 44 | 86 | 105 | 29 | 76 | |||||||||||||||||||
$ | 2,747 | $ | 1,272 | $ | 1,475 | $ | 2,473 | $ | 973 | $ | 1,500 | ||||||||||||||
Amortization expense related to customer relationships and other intangible assets for the years ended December 31, 2013, 2012 and 2011 was $299 million, $293 million and $315 million, respectively. Franchises, customer relationships and goodwill increased by $722 million, $249 million and $224 million, respectively, as a result of the acquisition of Bresnan completed during the year ended December 31, 2013. | |||||||||||||||||||||||||
The Company expects amortization expense on its finite-lived intangible assets will be as follows. | |||||||||||||||||||||||||
2014 | $ | 298 | |||||||||||||||||||||||
2015 | 264 | ||||||||||||||||||||||||
2016 | 231 | ||||||||||||||||||||||||
2017 | 197 | ||||||||||||||||||||||||
2018 | 162 | ||||||||||||||||||||||||
Thereafter | 323 | ||||||||||||||||||||||||
$ | 1,475 | ||||||||||||||||||||||||
Actual amortization expense in future periods could 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) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
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 December 31, 2013 and 2012: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Accounts payable – trade | $ | 91 | $ | 107 | |||||
Accrued capital expenditures | 235 | 156 | |||||||
Deferred revenue | 90 | 81 | |||||||
Accrued liabilities: | |||||||||
Interest | 195 | 155 | |||||||
Programming costs | 379 | 323 | |||||||
Franchise related fees | 62 | 52 | |||||||
Compensation | 156 | 145 | |||||||
Other | 259 | 205 | |||||||
$ | 1,467 | $ | 1,224 | ||||||
LongTerm_Debt_Notes
Long-Term Debt (Notes) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Long-Term Debt | ' | |||||||||||||||
Long-Term Debt | ||||||||||||||||
Long-term debt consists of the following as of December 31, 2013 and 2012: | ||||||||||||||||
December 31, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
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 | ||||||||
7.875% senior notes due April 30, 2018 | — | — | 900 | 900 | ||||||||||||
7.000% senior notes due January 15, 2019 | 1,400 | 1,393 | 1,400 | 1,392 | ||||||||||||
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 | — | — | ||||||||||||
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 | 746 | ||||||||||||
5.250% senior notes due September 30, 2022 | 1,250 | 1,239 | 1,250 | 1,238 | ||||||||||||
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 | — | — | ||||||||||||
5.750% senior notes due January 15, 2024 | 1,000 | 1,000 | — | — | ||||||||||||
Credit facility due September 6, 2014 | 350 | 342 | 350 | 332 | ||||||||||||
Charter Communications Operating, LLC: | ||||||||||||||||
Credit facilities | 3,548 | 3,510 | 3,337 | 3,250 | ||||||||||||
$ | 14,248 | $ | 14,181 | $ | 12,937 | $ | 12,808 | |||||||||
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 $1.1 billion as of December 31, 2013, and as such, debt maturing in the next twelve months is classified as long-term. | ||||||||||||||||
CCO Holdings Notes | ||||||||||||||||
In January 2011, CCO Holdings, LLC ("CCO Holdings") and CCO Holdings Capital Corp. closed on transactions in which they issued $1.4 billion aggregate principal amount of 7.000% senior notes due 2019. The net proceeds of the issuances were contributed by CCO Holdings to Charter Communications Operating, LLC ("Charter Operating") as a capital contribution and were used to repay indebtedness under the Charter Operating credit facilities. The Company recorded a loss on extinguishment of debt of approximately $67 million for the year ended December 31, 2011 related to these transactions. | ||||||||||||||||
In May 2011, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $1.5 billion aggregate principal amount of 6.500% senior notes due 2021. The net proceeds of the issuances were contributed by CCO Holdings to Charter Operating as a capital contribution and inter-company loan and were used to repay indebtedness under the Charter Operating credit facilities. The Company recorded a loss on extinguishment of debt of approximately $53 million for the year ended December 31, 2011 related to these transactions. | ||||||||||||||||
In December 2011, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $750 million aggregate principal amount of 7.375% senior notes due 2020. The net proceeds of the issuances were used, along with borrowings under the Charter Operating credit facilities, to finance the tender offers in which $407 million aggregate principal amount of Charter Operating's outstanding 8.000% senior second-lien notes due 2012, $234 million aggregate principal amount of Charter Operating's 10.875% senior second-lien notes due 2014 and $286 million aggregate principal amount of CCH II, LLC's ("CCH II") 13.500% senior notes due 2016 were repurchased. These transactions resulted in a loss on extinguishment of debt for the year ended December 31, 2011 of approximately $19 million. | ||||||||||||||||
In January 2012, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $750 million principal amount of 6.625% senior notes due 2022. The notes were issued at a price of 99.5% of the aggregate principal amount. The net proceeds of the notes were used, along with a draw on the $500 million delayed draw portion of the Charter Operating Term Loan A facility, to repurchase $300 million aggregate principal amount of Charter Operating's outstanding 8.000% senior second-lien notes due 2012, $294 million aggregate principal amount of Charter Operating's 10.875% senior second-lien notes due 2014 and $334 million aggregate principal amount of CCH II's 13.500% senior notes due 2016, as well as to repay amounts outstanding under the Company's revolving credit facility. The tender offers closed in January and February 2012 and the Company recorded a loss on extinguishment of debt of approximately $15 million on this transaction for the year ended December 31, 2012. | ||||||||||||||||
In August 2012, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $1.25 billion aggregate principal amount of 5.250% senior notes due 2022. The notes were issued at a price of 99.026% of the aggregate principal amount. The proceeds from the notes were used for general corporate purposes, including repaying amounts outstanding under the Company's revolving credit facility, and to fund the redemption of the CCH II 13.500% senior notes due 2016 during the fourth quarter of 2012. | ||||||||||||||||
In December 2012, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $1.0 billion aggregate principal amount of 5.125% senior notes due 2023. The proceeds from the notes were used for general corporate purposes, including repaying amounts outstanding under the Company's credit facilities. These transactions resulted in a loss on extinguishment of debt for the year ended December 31, 2012 of approximately $33 million. | ||||||||||||||||
In March 2013, 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 year ended December 31, 2013 related to these transactions. | ||||||||||||||||
In May 2013, CCO Holdings and CCO Holdings Capital Corp. closed on transactions in which they issued $1.0 billion aggregate principal amount of 5.750% senior notes due 2024. Concurrently with the pricing of the 5.750% senior notes, a tender offer was launched to purchase any and all of the CCO Holdings 7.875% senior notes due 2018. The Company used the proceeds from the issuance to purchase the notes tendered in the tender offer. Any notes not tendered were subsequently called in June 2013. The Company recorded a loss on extinguishment of debt of approximately $65 million for the year ended December 31, 2013 related to these transactions. | ||||||||||||||||
The CCO Holdings notes are guaranteed by Charter. They are senior debt obligations of CCO Holdings and CCO Holdings Capital Corp. and rank equally with all other current and future unsecured, unsubordinated obligations of CCO Holdings and CCO Holdings Capital Corp. The CCO Holdings notes are structurally subordinated to all obligations of subsidiaries of CCO Holdings, including the Charter Operating credit facilities. | ||||||||||||||||
CCO Holdings may redeem some or all of the CCO Holdings notes at any time at a premium. The optional redemption price declines to 100% of the respective series’ principal amount, plus accrued and unpaid interest, if any, on or after varying dates in 2016 through 2021. | ||||||||||||||||
In addition, at any time prior to varying dates in 2014 through 2016, CCO Holdings may redeem up to 35% of the aggregate principal amount of the notes at a redemption price at a premium plus accrued and unpaid interest to the redemption date, with the net cash proceeds of one or more equity offerings (as defined in the indenture); provided that certain conditions are met. | ||||||||||||||||
In the event of specified change of control events, CCO Holdings must offer to purchase the outstanding CCO Holdings notes from the holders at a purchase price equal to 101% of the total principal amount of the notes, plus any accrued and unpaid interest. | ||||||||||||||||
Charter Operating Notes | ||||||||||||||||
In August 2011, Charter Operating repurchased, in private transactions, a total of $193 million principal amount of Charter Operating 8.000% senior second-lien notes due 2012 for approximately $199 million cash. The transactions resulted in a loss on extinguishment of debt of approximately $4 million for the year ended December 31, 2011. | ||||||||||||||||
In March 2012, Charter Operating redeemed the remaining $18 million of 10.875% senior notes due 2014 pursuant to a notice of redemption. | ||||||||||||||||
CCH II Notes | ||||||||||||||||
In October 2012, the Company redeemed $678 million aggregate principal amount of the CCH II 13.500% senior notes due 2016 at 108.522% of the principal amount. In November 2012, the Company redeemed the remaining $468 million aggregate principal amount of CCH II 13.500% senior notes due 2016 at 106.750% of the principal amount. The transactions resulted in a gain on extinguishment of debt of approximately $52 million for the year ended December 31, 2012. | ||||||||||||||||
High-Yield Restrictive Covenants; Limitation on Indebtedness. | ||||||||||||||||
The indentures governing the CCO Holdings notes contain certain covenants that restrict the ability of CCO Holdings, CCO Holdings Capital Corp. and all of their restricted subsidiaries to: | ||||||||||||||||
• | incur additional debt; | |||||||||||||||
• | pay dividends on equity or repurchase equity; | |||||||||||||||
• | make investments; | |||||||||||||||
• | sell all or substantially all of their assets or merge with or into other companies; | |||||||||||||||
• | sell assets; | |||||||||||||||
• | enter into sale-leasebacks; | |||||||||||||||
• | in the case of restricted subsidiaries, create or permit to exist dividend or payment restrictions with respect to CCO Holdings, guarantee their parent companies debt, or issue specified equity interests; | |||||||||||||||
• | engage in certain transactions with affiliates; and | |||||||||||||||
• | grant liens. | |||||||||||||||
CCO Holdings Credit Facility | ||||||||||||||||
CCO Holdings' credit agreement consists of a $350 million term loan facility (the “CCO Holdings credit facility”). The facility matures in September 2014. Borrowings under the CCO Holdings credit facility bear interest at a variable interest rate based on either LIBOR (0.17% as of December 31, 2013) or a base rate plus, in either case, an applicable margin. The applicable margin for LIBOR term loans is 2.50% above LIBOR. If an event of default were to occur, CCO Holdings would not be able to elect LIBOR and would have to pay interest at the base rate plus the applicable margin. The CCO Holdings credit facility is secured by the equity interests of Charter Operating, and all proceeds thereof. | ||||||||||||||||
In April 2012, CCO Holdings entered into an amendment to its existing credit agreement dated March 6, 2007 which included, among other things, amendments to the Change of Control definition and certain other provisions and definitions related thereto. The Change of Control definition was amended to conform to the provision contained in Charter Operating's credit agreement as described below. Previously, the percentage of voting power necessary for a Change of Control had been 35%, and the definition of Change of Control did not include a Ratings Event. | ||||||||||||||||
Charter Operating Credit Facilities | ||||||||||||||||
In December 2011, the Company entered into a senior secured term loan A facility pursuant to the terms of the Charter Operating credit agreement providing for $750 million of term loans with a final maturity date of May 15, 2017 and no LIBOR floor. The term loan A facility had a delayed draw component: $250 million was funded on closing of the term loan A and the remaining $500 million was funded in March 2012. The proceeds were used along with proceeds of the CCO Holdings 2020 Notes to finance the repurchase of certain Charter Operating's 8.000% and 10.875% senior second-lien notes and certain of CCH II's 13.500% senior notes discussed above. | ||||||||||||||||
In April 2012, Charter Operating entered into a senior secured term loan D facility pursuant to the terms of the Charter Operating credit agreement providing for $750 million of term loans with a final maturity date of May 15, 2019. Pricing on the new term loan D was set at LIBOR plus 3% with a LIBOR floor of 1%, and issued at a price of 99.5% of the aggregate principal amount. The proceeds were used to refinance Charter Operating's existing term loan B-1 and term loan B-2, both due 2014, with the remaining amount used to pay down a portion of its existing term loan C due 2016. Charter Operating concurrently amended and restated its existing $1.3 billion revolving credit facility with a new $1.15 billion revolving credit facility due 2017 at the interest rate of LIBOR plus 2.25% and amended and restated its existing credit agreement dated March 31, 2010. The Company recorded a loss on extinguishment of debt of approximately $59 million during the year ended December 31, 2012 related to these transactions. | ||||||||||||||||
In March 2013, Charter Operating entered into an amendment to its credit agreement. The amendment, among other things, eliminated the $7.5 billion cap on the incurrence of first lien debt; and eliminated the requirement for providing Charter Operating financial statements and instead allowing for Charter financial statements with consolidating information. | ||||||||||||||||
In April 2013, Charter Operating entered into an amendment to its credit agreement extending the maturity of its term loan A and revolver one year to 2018, decreasing the applicable LIBOR margin for the term loan A and revolver to 2%, decreasing the undrawn commitment fee on the revolver to 0.30% and increasing the revolver capacity to $1.3 billion. The Company recorded a loss on extinguishment of debt of approximately $2 million for the year ended December 31, 2013 related to these transactions. | ||||||||||||||||
In May 2013, Charter Operating entered into a new term loan F facility pursuant to the terms of the Charter Operating credit agreement providing for a $1.2 billion term loan maturing in 2021. Pricing on the new term loan F was set at LIBOR plus 2.25% with a LIBOR floor of 0.75%, and issued at a price of 99.75% of the aggregate principal amount. The Company used the proceeds to repay Charter Operating's existing term loan C due 2016 and term loan D due 2019. The Company recorded a loss on extinguishment of debt of approximately $14 million for the year ended December 31, 2013 related to these transactions. | ||||||||||||||||
In June 2013, Charter Operating entered into an amendment to its credit agreement. The amendment, among other things: (i) modified the restricted payments covenant to permit expanded flexibility for acquisitions; (ii) modified the events of default under the credit agreement to permit change of control offers with respect to assumed indebtedness subject to certain restrictions; (iii) modified the transactions with affiliates covenant; (iv) permits the granting of equal and ratable security on certain assumed indebtedness subject to pro forma compliance with certain financial tests; (v) permits incremental term loans to amortize equivalent to the existing term loan A-1; and (vi) allows for an increase in revolving commitments based on Charter Operating's annualized operating cash flow. | ||||||||||||||||
In July 2013, Charter Operating activated the previously committed term loan E facility pursuant to the terms of the Charter Operating credit agreement providing for a $1.5 billion term loan maturing in seven years. Pricing on the new term loan E was set at LIBOR plus 2.25% with a LIBOR floor of 0.75%, and the term loan was issued at a price of 99.5% of the aggregate principal amount. | ||||||||||||||||
The Charter Operating credit facilities have an outstanding principal amount of $3.5 billion at December 31, 2013 as follows: | ||||||||||||||||
• | A term loan A with a remaining principal amount of $722 million, which is repayable in equal quarterly installments and aggregating $38 million in 2014 and 2015, $66 million in 2016 and $75 million in 2017, with the remaining balance due at final maturity on April 22, 2018; | |||||||||||||||
• | A term loan E with a remaining principal amount of approximately $1.5 billion , which is repayable in equal quarterly installments and aggregating $15 million in each loan year, with the remaining balance due at final maturity on July 1, 2020; | |||||||||||||||
• | A term loan F with a remaining principal amount of approximately $1.2 billion , which is repayable in equal quarterly installments and aggregating $12 million in each loan year, with the remaining balance due at final maturity on January 3, 2021; and | |||||||||||||||
• | A revolving loan with an outstanding balance of $140 million at December 31, 2013 and allowing for borrowings of up to $1.3 billion, maturing on April 22, 2018. | |||||||||||||||
Amounts outstanding under the Charter Operating credit facilities bear interest, at Charter Operating’s election, at a base rate or LIBOR (0.17% as of December 31, 2013 and 0.22% as of December 31, 2012), as defined, plus an applicable margin. | ||||||||||||||||
The Charter Operating credit facilities also allow us to enter into incremental term loans in the future, with amortization as set forth in the notices establishing such term loans. Although the Charter Operating credit facilities allow for the incurrence of a certain amount of incremental term loans subject to pro-forma compliance with its financial maintenance covenants, no assurance can be given that we could obtain additional incremental term loans in the future if Charter Operating sought to do so or what amount of incremental term loans would be allowable at any given time under the terms of the Charter Operating credit facilities. | ||||||||||||||||
The obligations of Charter Operating under the Charter Operating credit facilities (the “Obligations”) are guaranteed by Charter Operating’s immediate parent company, CCO Holdings, and subsidiaries of Charter Operating. The Obligations are also secured by (i) a lien on substantially all of the assets of Charter Operating and its subsidiaries, to the extent such lien can be perfected under the Uniform Commercial Code by the filing of a financing statement, and (ii) a pledge by CCO Holdings of the equity interests owned by it in Charter Operating or any of Charter Operating’s subsidiaries, as well as inter-company obligations owing to it by any of such entities. | ||||||||||||||||
Credit Facilities — Restrictive Covenants | ||||||||||||||||
CCO Holdings Credit Facility | ||||||||||||||||
The CCO Holdings credit facility contains covenants that are substantially similar to the restrictive covenants for the CCO Holdings notes except that the leverage ratio is 5.50 to 1.0. The CCO Holdings credit facility contains provisions requiring mandatory loan prepayments under specific circumstances, including in connection with certain sales of assets, so long as the proceeds have not been reinvested in the business. The CCO Holdings credit facility permits CCO Holdings and its subsidiaries to make distributions to pay interest on the CCO Holdings notes, provided that, among other things, no default has occurred and is continuing under the CCO Holdings credit facility. | ||||||||||||||||
Charter Operating Credit Facilities | ||||||||||||||||
The Charter Operating credit facilities contain representations and warranties, and affirmative and negative covenants customary for financings of this type. The financial covenants measure performance against standards set for leverage to be tested as of the end of each quarter. The Charter Operating credit facilities contain provisions requiring mandatory loan prepayments under specific circumstances, including in connection with certain sales of assets, so long as the proceeds have not been reinvested in the business. Additionally, the Charter Operating credit facilities provisions contain an allowance for restricted payments so long as the consolidated leverage ratio is no greater than 3.5 after giving pro forma effect to such restricted payment. The Charter Operating credit facilities permit Charter Operating and its subsidiaries to make distributions to pay interest on the currently outstanding subordinated and parent company indebtedness, provided that, among other things, no default has occurred and is continuing under the Charter Operating credit facilities. | ||||||||||||||||
The events of default under the Charter Operating credit facilities include, among other things: | ||||||||||||||||
• | the failure to make payments when due or within the applicable grace period; | |||||||||||||||
• | the failure to comply with specified covenants including the covenant to maintain the consolidated leverage ratio at or below 5.0 to 1.0 and the consolidated first lien leverage ratio at or below 4.0 to 1.0; | |||||||||||||||
• | the failure to pay or the occurrence of events that cause or permit the acceleration of other indebtedness owing by CCO Holdings, Charter Operating, or Charter Operating’s subsidiaries in aggregate principal amounts in excess of $100 million; and | |||||||||||||||
• | similar to provisions contained in the CCO Holdings notes and credit facility, the consummation of any change of control transaction resulting in any person or group having power, directly or indirectly, to vote more than 50% of the ordinary voting power for the management of Charter Operating on a fully diluted basis and the occurrence of a ratings event including a downgrade in the corporate family rating during a ratings decline period. | |||||||||||||||
Limitations on Distributions | ||||||||||||||||
Distributions by the Company’s subsidiaries to a parent company for payment of principal on parent company notes are restricted under the indentures and credit facilities discussed above, unless there is no default under the applicable indenture and credit facilities, and unless each applicable subsidiary’s leverage ratio test is met at the time of such distribution. As of December 31, 2013, there was no default under any of these indentures or credit facilities. Distributions by Charter Operating for payment of principal on parent company notes are further restricted by the covenants in its credit facilities. | ||||||||||||||||
In addition to the limitation on distributions under the various indentures discussed above, distributions by the Company’s subsidiaries may only be made if they have “surplus” as defined in the Delaware Limited Liability Company Act. | ||||||||||||||||
Liquidity and Future Principal Payments | ||||||||||||||||
The Company continues to have significant amounts of debt, and its business requires significant cash to fund principal and interest payments on its debt, capital expenditures and ongoing operations. As set forth below, the Company has significant future principal payments beginning in 2014 and beyond. The Company continues to monitor the capital markets, and it expects to undertake refinancing transactions and utilize free cash flow and cash on hand to further extend or reduce the maturities of its principal obligations. The timing and terms of any refinancing transactions will be subject to market conditions. | ||||||||||||||||
Based upon outstanding indebtedness as of December 31, 2013, the amortization of term loans, and the maturity dates for all senior and subordinated notes, total future principal payments on the total borrowings under all debt agreements as of December 31, 2013, are as follows: | ||||||||||||||||
Year | Amount | |||||||||||||||
2014 | $ | 414 | ||||||||||||||
2015 | 65 | |||||||||||||||
2016 | 93 | |||||||||||||||
2017 | 1,102 | |||||||||||||||
2018 | 673 | |||||||||||||||
Thereafter | 11,901 | |||||||||||||||
$ | 14,248 | |||||||||||||||
Treasury_Stock_Notes
Treasury Stock (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Treasury Stock [Abstract] | ' |
Treasury Stock | ' |
Treasury Stock | |
On March 22, 2011, the Company purchased, in a private transaction, 4.5 million shares of Charter’s Class A common stock from funds advised by Franklin Advisers, Inc. The price paid was $46.10 per share for a total of $207 million. The transaction was funded from existing cash on hand and available liquidity. | |
Under a repurchase program authorized by Charter’s board of directors in August 2011, 4.1 million shares of Charter’s Class A common stock and warrants to purchase Charter’s Class A common stock were purchased during the course of 2011 for a total of approximately $200 million. The average price per share paid was $48.48. | |
In December 2011, the Company purchased, in a private transaction with a shareholder, 750,000 shares at $55.18 for a total of $41 million. The Company received 700,668 of the shares prior to December 31, 2011, with 49,332 shares received in January 2012. In December 2011, the Company also entered into stock repurchase agreements for approximately 3.0 million shares of Charter's Class A common stock from funds advised by Oaktree Capital Management and approximately 2.2 million shares of Charter's Class A common stock from funds advised by Apollo Management Holdings. The price paid was $54.35 per share for a total of $163 million for the shares purchased from Oaktree Capital Management and $117 million for the shares purchased from Apollo Management Holdings. | |
During the years ended December 31, 2013, 2012 and 2011, the Company withheld 150,258, 129,417 and 141,175 shares, respectively, of its common stock in payment of $15 million, $9 million and $7 million, respectively, of tax withholdings owed by employees upon vesting of restricted shares. | |
In December 2011, Charter's board of directors approved the retirement of treasury stock and 14.8 million shares of treasury stock were retired as of December 31, 2011. The remaining 49,332 shares received in January 2012 were retired in January 2012. | |
In December 2013 and 2012, Charter's board of directors approved the retirement of treasury stock and 150,258 and 129,417 shares of treasury stock were retired as of December 31, 2013 and 2012, respectively. | |
These transactions were funded from existing cash on hand and available liquidity. The Company accounted for treasury stock using the cost method and the treasury shares upon repurchase were reflected on the Company’s consolidated balance sheets as a component of total shareholders’ equity. Upon retirement, these treasury shares were allocated between additional paid-in capital and accumulated deficit based on the cost of original issue included in additional paid-in capital. |
Common_Stock_Notes
Common Stock (Notes) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Class of Stock Disclosures [Abstract] | ' | ||||||
Common Stock | ' | ||||||
Common Stock | |||||||
Charter’s Class A common stock and Class B common stock are identical except with respect to certain voting, transfer and conversion rights. Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock were entitled to votes equaling 35% of the voting interests in Charter on a fully diluted basis. The Company currently does not have any outstanding Class B Common Stock. Pursuant to the terms of the Certificate of Incorporation of Charter, on January 18, 2011, the Disinterested Members of the Board of Directors of Charter caused a conversion of the shares of Class B common stock into shares of Class A common stock on a one-for-one basis. | |||||||
Charter has outstanding 5.1 million warrants to purchase shares of Charter Class A common stock with an exercise price of $46.86 per share and 0.8 million warrants to purchase shares of Charter Class A common stock with an exercise price $51.28 per share, both of which expire on November 30, 2014. Charter also has outstanding 0.8 million warrants to purchase shares of Charter Class A common stock with an exercise price of $19.80 per share that expire on November 30, 2016 owned by Paul G. Allen ("Mr. Allen"), the Company's former principal stockholder. The warrants are included in the accompanying balance sheets in total shareholders’ equity. | |||||||
In 2013, the Company issued approximately 4.5 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 upon the Company's emergence from bankruptcy. The exercises resulted in proceeds to the Company of approximately $76 million. | |||||||
The following table summarizes our shares outstanding for the three years ended December 31, 2013: | |||||||
Class A Common Stock | Class B Common Stock | ||||||
BALANCE, December 31, 2010 | 112,317,691 | 2,241,299 | |||||
Conversion of Class B common stock into Class A | 2,241,299 | (2,241,299 | ) | ||||
Restricted stock issuances, net of cancellations | 472,099 | — | |||||
Option exercises | 140,893 | — | |||||
Stock issuances pursuant to employment agreements | 7,000 | — | |||||
Purchase of treasury stock (see Note 9) | (14,608,564 | ) | — | ||||
BALANCE, December 31, 2011 | 100,570,418 | — | |||||
Option exercises | 370,715 | — | |||||
Restricted stock issuances, net of cancellations | 182,537 | — | |||||
Stock issuances from exercise of warrants | 179,850 | — | |||||
Restricted stock unit vesting | 51,476 | — | |||||
Purchase of treasury stock (see Note 9) | (178,749 | ) | — | ||||
BALANCE, December 31, 2012 | 101,176,247 | — | |||||
Option exercises | 543,221 | — | |||||
Restricted stock issuances, net of cancellations | 4,879 | — | |||||
Stock issuances from exercise of warrants | 4,481,656 | — | |||||
Restricted stock unit vesting | 88,330 | — | |||||
Purchase of treasury stock (see Note 9) | (150,258 | ) | — | ||||
BALANCE, December 31, 2013 | 106,144,075 | — | |||||
Accounting_for_Derivative_Inst
Accounting for Derivative Instruments and Hedging Activities (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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 consolidated statements of operations. The Company formally documented, designated and assessed the effectiveness of transactions that received hedge accounting. | ||||||||||||
The effect of interest rate derivative instruments on the Company’s consolidated balance sheets is presented in the table below: | ||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
Other long-term liabilities: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | $ | 67 | ||||||||
Fair value of interest rate derivatives not designated as hedges | $ | 22 | $ | — | ||||||||
Accrued interest: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | 8 | |||||||||
Fair value of interest rate derivatives not designated as hedges | $ | 8 | $ | — | ||||||||
Accumulated other comprehensive loss: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | $ | (75 | ) | |||||||
Fair value of interest rate derivatives not designated as hedges | $ | (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 gain on derivative instruments, net in the Company's 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 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 gain on derivative instruments, net in the Company's consolidated statements of operations. The estimated net amount of existing losses that are reported in accumulated other comprehensive loss as of December 31, 2013 that is expected to be reclassified into earnings within the next twelve months is approximately $19 million. | ||||||||||||
The effects of derivative instruments on the Company’s consolidated statements of comprehensive loss and consolidated statements of operations is presented in the table below. | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Gain (loss) on derivative instruments, net: | ||||||||||||
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | $ | 38 | $ | — | $ | — | ||||||
Loss reclassified from accumulated other comprehensive loss into earnings as a result of cash flow hedge discontinuance | $ | (27 | ) | $ | — | $ | — | |||||
Interest expense: | ||||||||||||
Loss reclassified from accumulated other comprehensive loss into interest expense | $ | (10 | ) | $ | (36 | ) | $ | (39 | ) | |||
As of December 31, 2013 and 2012, the Company had $2.2 billion and $3.1 billion in notional amounts of interest rate derivative instruments outstanding. This includes $550 million in delayed start interest rate derivative instruments that become effective in March 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 $1.7 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) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
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 December 31, 2013 and 2012 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 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 December 31, 2013 and 2012 are based on quoted market prices and is classified within Level 1 (defined below) of the valuation hierarchy. | |||||||||||||||||
A summary of the carrying value and fair value of the Company’s debt at December 31, 2013 and 2012 is as follows: | |||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||
Debt | |||||||||||||||||
CCO Holdings debt | $ | 10,329 | $ | 10,384 | $ | 9,226 | $ | 9,933 | |||||||||
Credit facilities | $ | 3,852 | $ | 3,848 | $ | 3,582 | $ | 3,695 | |||||||||
The interest rate derivatives were valued as $30 million and $75 million liabilities as of December 31, 2013 and 2012, 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 (defined above) of the valuation hierarchy. The weighted average pay rate for the Company’s currently effective interest rate swaps was 2.17% and 2.25% at December 31, 2013 and 2012 (exclusive of applicable spreads). | |||||||||||||||||
Non-financial Assets and Liabilities | |||||||||||||||||
The Company’s non-financial 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 in 2013, 2012 and 2011. |
Operating_Costs_and_Expenses_N
Operating Costs and Expenses (Notes) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Operating Costs and Expenses [Abstract] | ' | |||||||||||
Operating Costs and Expenses | ' | |||||||||||
Operating Costs and Expenses | ||||||||||||
Operating costs and expenses consist of the following for the years presented: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Programming | $ | 2,146 | $ | 1,965 | $ | 1,860 | ||||||
Franchise, regulatory and connectivity | 399 | 383 | 371 | |||||||||
Costs to service customers | 1,514 | 1,363 | 1,268 | |||||||||
Marketing | 479 | 422 | 387 | |||||||||
Other | 807 | 727 | 678 | |||||||||
$ | 5,345 | $ | 4,860 | $ | 4,564 | |||||||
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, 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 and collections 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) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(Gain)/loss on sale of assets, net | $ | 8 | $ | (5 | ) | $ | (4 | ) | ||||
Special charges, net | 23 | 20 | 11 | |||||||||
$ | 31 | $ | 15 | $ | 7 | |||||||
(Gain) loss on sale of assets, net | ||||||||||||
(Gain) loss on sale of assets represents the gain or loss recognized on the sales and disposals of fixed assets and cable systems. | ||||||||||||
Special charges, net | ||||||||||||
Special charges, net for the years ended 2013, 2012 and 2011 primarily include severance charges and net amounts of litigation settlements. |
Stock_Compensation_Plans_Notes
Stock Compensation Plans (Notes) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||
Stock Compensation Plans | ' | |||||||||||||||||||||||
Stock Compensation Plans | ||||||||||||||||||||||||
Charter’s 2009 Stock Incentive Plan provides for grants of non-qualified 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 2009 Stock Incentive Plan allows for the issuance of up to 14 million shares of Charter Class A common stock (or units convertible into Charter Class A common stock). | ||||||||||||||||||||||||
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 generally vest over three or four years from either the grant date or delayed vesting commencement dates. As of December 31, 2013, total unrecognized compensation remaining to be recognized in future periods totaled $34 million for stock options, $18 million for restricted stock and $18 million for restricted stock units and the weighted average period over which they are expected to be recognized is 2 years for stock options, 2 years for restricted stock and 3 years for restricted stock units. | ||||||||||||||||||||||||
The Company recorded $48 million, $50 million and $36 million of stock compensation expense for the years ended December 31, 2013, 2012 and 2011, respectively, which is included in operating costs and expenses and other operating expenses, net. | ||||||||||||||||||||||||
A summary of the activity for the Company’s stock options for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Exercise Price | Shares | Weighted Average Exercise Price | Shares | Weighted Average Exercise Price | |||||||||||||||||||
Outstanding, beginning of period | 3,552 | $ | 54.35 | 4,018 | $ | 49.53 | 1,431 | $ | 35.12 | |||||||||||||||
Granted | 276 | $ | 108.89 | 813 | $ | 69 | 3,042 | $ | 54.3 | |||||||||||||||
Exercised | (543 | ) | $ | 51.22 | (371 | ) | $ | 40.57 | (141 | ) | $ | 35.38 | ||||||||||||
Canceled | (143 | ) | $ | 50.54 | (908 | ) | $ | 51.74 | (314 | ) | $ | 36.4 | ||||||||||||
Outstanding, end of period | 3,142 | $ | 59.86 | 3,552 | $ | 54.35 | 4,018 | $ | 49.53 | |||||||||||||||
Weighted average remaining contractual life | 7 | years | 8 | years | 9 | years | ||||||||||||||||||
Options exercisable, end of period | 1,128 | $ | 52.07 | 469 | $ | 46.23 | 189 | $ | 34.92 | |||||||||||||||
Weighted average fair value of options granted | $ | 41.52 | $ | 28.17 | $ | 23.03 | ||||||||||||||||||
A summary of the activity for the Company’s restricted stock for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | |||||||||||||||||||
Outstanding, beginning of period | 928 | $ | 54.16 | 1,115 | $ | 45.72 | 1,081 | $ | 34.81 | |||||||||||||||
Granted | 13 | $ | 101.81 | 244 | $ | 60.48 | 669 | $ | 53.16 | |||||||||||||||
Vested | (280 | ) | $ | 51.62 | (370 | ) | $ | 36.02 | (438 | ) | $ | 34.98 | ||||||||||||
Canceled | (8 | ) | $ | 56.5 | (61 | ) | $ | 35.25 | (197 | ) | $ | 34.98 | ||||||||||||
Outstanding, end of period | 653 | $ | 56.14 | 928 | $ | 54.16 | 1,115 | $ | 45.72 | |||||||||||||||
A summary of the activity for the Company’s restricted stock units for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | |||||||||||||||||||
Outstanding, beginning of period | 327 | $ | 61.79 | 273 | $ | 54.86 | — | $ | — | |||||||||||||||
Granted | 73 | $ | 109.96 | 142 | $ | 71.33 | 276 | $ | 54.87 | |||||||||||||||
Vested | (88 | ) | $ | 61.17 | (52 | ) | $ | 56.59 | — | $ | — | |||||||||||||
Canceled | (24 | ) | $ | 55.28 | (36 | ) | $ | 54.47 | (3 | ) | $ | 55.12 | ||||||||||||
Outstanding, end of period | 288 | $ | 74.73 | 327 | $ | 61.79 | 273 | $ | 54.86 | |||||||||||||||
Income_Taxes_Notes
Income Taxes (Notes) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
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 years ended December 31, 2013, 2012, and 2011, the Company recorded deferred income tax expense and benefits as shown below. Income tax expense is recognized primarily through increases in deferred tax liabilities related to the Company's 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 its indirect corporate subsidiaries. Income tax benefits are realized through reductions in the deferred tax liabilities related to Charter’s investment in Charter Holdco, as well as the deferred tax liabilities of certain of Charter’s indirect corporate subsidiaries. The tax provision in future periods will vary based on current and future temporary differences, as well as future operating results. | ||||||||||||||
Current and deferred income tax expense is as follows: | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Current expense: | ||||||||||||||
Federal income taxes | $ | (1 | ) | $ | — | $ | — | |||||||
State income taxes | (7 | ) | (7 | ) | (9 | ) | ||||||||
Current income tax expense | (8 | ) | (7 | ) | (9 | ) | ||||||||
Deferred expense: | ||||||||||||||
Federal income taxes | (101 | ) | (223 | ) | (258 | ) | ||||||||
State income taxes | (11 | ) | (27 | ) | (32 | ) | ||||||||
Deferred income tax expense | (112 | ) | (250 | ) | (290 | ) | ||||||||
Total income tax expense | $ | (120 | ) | $ | (257 | ) | $ | (299 | ) | |||||
Income tax expense for the year ended December 31, 2013 decreased compared to the corresponding prior period, primarily as a result of step-ups in basis of indefinite-lived assets for tax, but not GAAP purposes, including the effects of partnership gains related to financing transactions and a partnership restructuring, which decreased the Company's net deferred tax liability related to indefinite-lived assets by $137 million. | ||||||||||||||
Of the $137 million decrease in net deferred tax liability, $101 million of deferred tax benefits correspond to gains recognized by corporate subsidiaries of Charter, which are partners in Charter Holdco, and resulted primarily from the repayment of Charter Operating credit facility debt with proceeds from the CCO Holdings notes issued in March 2013, see Note 8. The repayment of Charter Operating credit facility debt, which is not guaranteed by Charter, with proceeds from the notes, which are guaranteed by Charter, had the effect of reducing the amount of debt allocable to the non-guarantor corporate subsidiaries of Charter. For partnership tax purposes, the reduction in the amount of non-guaranteed debt available to allocate to these corporate subsidiaries caused them to recognize gains due to limited basis in their partnership interests in Charter Holdco. These gains result in a step-up in the underlying tax basis of Charter Holdco's assets and a corresponding reduction in the deferred tax liabilities for financial reporting purposes. In addition, on December 31, 2013, Charter restructured one of its tax partnerships which resulted in a $405 million net step-up to primarily intangible assets and a deferred income tax benefit of $36 million due to a shift in step-ups to indefinite-lived intangibles. 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 similar future financing or restructuring transactions. 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. | ||||||||||||||
The Company’s effective tax rate differs from that derived by applying the applicable federal income tax rate of 35% for the years ended December 31, 2013, 2012, and 2011, respectively, as follows: | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Statutory federal income taxes | $ | 17 | $ | 17 | $ | 24 | ||||||||
Statutory state income taxes, net | (7 | ) | (7 | ) | (9 | ) | ||||||||
Nondeductible expenses | (3 | ) | (6 | ) | (5 | ) | ||||||||
Change in valuation allowance | (127 | ) | (264 | ) | (312 | ) | ||||||||
State rate changes | 4 | — | — | |||||||||||
Other | (4 | ) | 3 | 3 | ||||||||||
Income tax expense | $ | (120 | ) | $ | (257 | ) | $ | (299 | ) | |||||
For the years ended December 31, 2012 and 2011, the change in valuation allowance includes an increase of $4 million and $3 million, respectively, related to adjustments to cash flow hedges included in other comprehensive income. In addition, the change in the valuation allowance above for the year ended December 31, 2013 differs from the change between the beginning and ending deferred tax position due to a reduction of certain deferred tax assets and valuation allowance with no impact to the consolidated statements of operations. | ||||||||||||||
The tax effects of these temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2013 and 2012 are presented below. | ||||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
Deferred tax assets: | ||||||||||||||
Goodwill | $ | 274 | $ | 199 | ||||||||||
Investment in partnership | 289 | 448 | ||||||||||||
Loss carryforwards | 3,170 | 2,943 | ||||||||||||
Other intangibles | 48 | — | ||||||||||||
Accrued and other | 112 | 135 | ||||||||||||
Total gross deferred tax assets | 3,893 | 3,725 | ||||||||||||
Less: valuation allowance | (2,961 | ) | (2,851 | ) | ||||||||||
Deferred tax assets | $ | 932 | $ | 874 | ||||||||||
Deferred tax liabilities: | ||||||||||||||
Indefinite life intangibles | $ | (1,205 | ) | $ | (1,094 | ) | ||||||||
Other intangibles | — | (256 | ) | |||||||||||
Property, plant and equipment | (901 | ) | (575 | ) | ||||||||||
Indirect corporate subsidiaries: | ||||||||||||||
Indefinite life intangibles | (122 | ) | (120 | ) | ||||||||||
Other | (119 | ) | (132 | ) | ||||||||||
Deferred tax liabilities | (2,347 | ) | (2,177 | ) | ||||||||||
Net deferred tax liabilities | $ | (1,415 | ) | $ | (1,303 | ) | ||||||||
Included in net deferred tax liabilities above is net current deferred assets of $16 million and $18 million as of December 31, 2013 and 2012, respectively, included in prepaid expenses and other current assets in the accompanying consolidated balance sheets of the Company. Net deferred tax liabilities included approximately $226 million and $219 million at December 31, 2013 and 2012, 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 assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. Due to the Company’s history of losses and the limitations imposed under Section 382 of the Code, discussed below, on Charter’s ability to use existing loss carryforwards in the future, valuation allowances have been established except for future taxable income that will result from the reversal of existing temporary differences for which deferred tax liabilities are recognized. Realization of deferred tax assets is dependent on generating sufficient taxable income prior to expiration of the loss carryforwards. The amount of the deferred tax assets considered realizable and, therefore, reflected in the consolidated balance sheet, would be increased at such time that it is more-likely-than-not future taxable income will be realized during the carryforward period. At the time this consideration is met, an adjustment to reverse some portion of the existing valuation allowance would result. | ||||||||||||||
As of December 31, 2013, Charter and its indirect corporate subsidiaries had approximately $8.3 billion of federal tax net operating loss carryforwards resulting in a gross deferred tax asset of approximately $2.9 billion. Federal tax net operating loss carryforwards expire in the years 2021 through 2033. These losses resulted from the operations of Charter Holdco and its subsidiaries. In addition, as of December 31, 2013, Charter and its indirect corporate subsidiaries had state tax net operating loss carryforwards, resulting in a gross deferred tax asset (net of federal tax benefit) of approximately $276 million. State tax net operating loss carryforwards generally expire in the years 2014 through 2033. Included in the loss carryforwards is $63 million of loss, the tax benefit of which will be recorded through equity when realized as a reduction of income tax payable. | ||||||||||||||
On May 1, 2013, Liberty Media Corporation (“Liberty Media”) completed its purchase of a 27% beneficial interest in Charter (see Note 17). 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 net operating losses, capital losses, and tax credit carryforwards. The first ownership change limitations that applied as a result of our emergence from bankruptcy in 2009 will also continue to apply. As of December 31, 2013, $2.1 billion of federal tax loss carryforwards are unrestricted and available for Charter’s immediate use, while approximately $6.2 billion of federal tax loss carryforwards are still subject to Section 382 and other restrictions. Pursuant to these restrictions, Charter estimates that approximately $2.0 billion, $2.0 billion and $400 million in the years 2014 to 2016, respectively, and an additional $226 million annually over each of the next 8 years of federal tax loss carryforwards should become unrestricted and available for Charter's use. Since the limitation amounts accumulate for future use to the extent they are not utilized in any given year, Charter believes its loss carryforwards should become fully available to offset future taxable income, if any. Charter’s state loss carryforwards and indirect corporate subsidiaries’ loss carryforwards are subject to similar, but varying limitations on their future use. If the Company was to experience another “ownership change” in the future, its ability to use its loss carryforwards could be subject to further limitations. | ||||||||||||||
In determining the Company’s tax provision for financial reporting purposes, the Company 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 determining whether positions taken on the tax return are “more likely than not” of being sustained. A reconciliation of the beginning and ending amount of unrecognized tax benefits included in deferred income taxes on the accompanying consolidated balance sheets of the Company is as follows: | ||||||||||||||
Balance at December 31, 2011 | $ | 228 | ||||||||||||
Additions based on tax positions related to prior year | 1 | |||||||||||||
Reductions due to tax positions related to prior year | (27 | ) | ||||||||||||
Balance at December 31, 2012 | 202 | |||||||||||||
Additions based on tax positions related to prior year | — | |||||||||||||
Reductions due to tax positions related to prior year | (202 | ) | ||||||||||||
Balance at December 31, 2013 | $ | — | ||||||||||||
The Company's entire reserve for uncertain tax positions includes tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the character of the deductibility. Included in the balance at December 31, 2013, is $202 million of net reductions related to losses which were offset by gains discussed above. The change in character of the deduction would not impact the annual effective tax rate after consideration of the valuation allowance. The deductions for the uncertain tax positions are included with the loss carryforwards in the deferred tax assets and therefore there is no impact to the financial statements. | ||||||||||||||
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) | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
The following sets forth certain transactions in which the Company and the directors, executive officers, and affiliates of the Company are involved or, in the case of the management arrangements, subsidiaries that are debt issuers that pay certain of their parent companies for services. | |
Charter is a party to management arrangements with Charter Holdco and certain of its subsidiaries. Under these agreements, Charter and Charter Holdco provide management services for the cable systems owned or operated by their subsidiaries. Costs associated with providing these services are charged directly to the Company’s operating subsidiaries and are included within operating costs and expenses in the accompanying consolidated statements of operations. Such costs totaled $305 million, $247 million, and $249 million for the years ended December 31, 2013, 2012, and 2011, respectively. All other costs incurred on behalf of Charter’s operating subsidiaries are considered a part of the management fee and are recorded as a component of operating costs and expenses, in the accompanying consolidated financial statements. The management fee charged to the Company’s operating subsidiaries approximated the expenses incurred by Charter Holdco and Charter on behalf of the Company’s operating subsidiaries in 2013, 2012, and 2011. | |
Liberty Media | |
On May 1, 2013, Liberty Media completed its purchase from investment funds managed by, or affiliated with, Apollo Global Management, LLC ("Apollo"), Oaktree Capital Management, L.P. ("Oaktree") and Crestview Partners ("Crestview") 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 represents 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 in connection with the closing. 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 34.5% 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 36.9% 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 nine months ended December 31, 2013, the Company received payments in aggregate of approximately $10 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 4.3% in the aggregate of the common stock of Discovery and has a 29.2% voting interest in Discovery for the election of directors. In addition, Dr. Malone owns 9.2% in the aggregate of the common stock of Starz and has 42.8% 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 nine months ended December 31, 2013. | |
Registration Rights Agreement | |
As part of the emergence from Chapter 11 bankruptcy in 2009, the Company agreed to a Registration Rights Agreement with certain holders of the Company's Class A common stock which required the Company to file a shelf-registration statement with the SEC to provide for a continuous secondary offering of the stock. The registration statement became effective in November 2010. The Registration Rights Agreement provided that any holder of securities that wished to sell stock under the existing shelf-registration statement must give the Company five business days notice that such holder wishes to sell and that the Company notify the other holders which were party to the Registration Rights Agreement. | |
In August 2012, the Company and the Company's then three largest holders, Apollo, Oaktree and Crestview amended the Registration Rights Agreement to provide for sales of shares of the Company's Class A common stock in a block trade through an underwriter and the related mechanics for block trades. Because the amendment involved the Company and affiliates, it was deemed a related party transaction. The amendment was considered and approved by the Audit Committee. Charter received no compensation from entering into the amendment nor from any subsequent sales of shares. | |
Stock Repurchases | |
See “Note 9. Treasury Stock” for the description of Charter’s purchase of shares of its Class A common stock from Franklin Advisers, Inc., Oaktree and Apollo. At the time of the purchase, funds advised by Franklin Advisers, Inc., Oaktree and Apollo beneficially each held more than 10% of Charter’s Class A common stock. |
Commitments_and_Contingencies_
Commitments and Contingencies (Notes) | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||
Commitments and Contingencies | ' | |||||||||||||||||||||||||||||
Commitments and Contingencies | ||||||||||||||||||||||||||||||
Commitments | ||||||||||||||||||||||||||||||
The following table summarizes the Company’s payment obligations as of December 31, 2013 for its contractual obligations. | ||||||||||||||||||||||||||||||
Total | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | ||||||||||||||||||||||||
Contractual Obligations | ||||||||||||||||||||||||||||||
Capital and Operating Lease Obligations (1) | $ | 136 | $ | 35 | $ | 30 | $ | 26 | $ | 22 | 13 | $ | 10 | |||||||||||||||||
Programming Minimum Commitments (2) | 970 | 227 | 236 | 239 | 236 | 9 | 23 | |||||||||||||||||||||||
Other (3) | 562 | 535 | 22 | 5 | — | — | — | |||||||||||||||||||||||
Total | $ | 1,668 | $ | 797 | $ | 288 | $ | 270 | $ | 258 | $ | 22 | $ | 33 | ||||||||||||||||
(1) The Company leases certain facilities and equipment under non-cancelable operating leases. Leases and rental costs charged to expense for the years ended December 31, 2013, 2012 and 2011 were $34 million, $28 million, $27 million, respectively. | ||||||||||||||||||||||||||||||
(2) The Company pays programming fees under multi-year contracts ranging from three to ten years, typically based on a flat fee per customer, which may be fixed for the term, or may in some cases escalate over the term. Programming costs included in the accompanying statement of operations were $2.1 billion, $2.0 billion and $1.9 billion for the years ended December 31, 2013, 2012, and 2011 respectively. Certain of the Company’s programming agreements are based on a flat fee per month or have guaranteed minimum payments. The table sets forth the aggregate guaranteed minimum commitments under the Company’s programming contracts. | ||||||||||||||||||||||||||||||
(3) “Other” represents other guaranteed minimum commitments, which consist primarily of commitments to the Company's customer premise equipment vendors. | ||||||||||||||||||||||||||||||
The following items are not included in the contractual obligation table due to various factors discussed below. However, the Company incurs these costs as part of its operations: | ||||||||||||||||||||||||||||||
• | The Company rents utility poles used in its operations. Generally, pole rentals are cancelable on short notice, but the Company anticipates that such rentals will recur. Rent expense incurred for pole rental attachments for the years ended December 31, 2013, 2012, and 2011 was $49 million, $47 million, and $49 million, respectively. | |||||||||||||||||||||||||||||
• | The Company pays franchise fees under multi-year franchise agreements based on a percentage of revenues generated from video service per year. The Company also pays other franchise related costs, such as public education grants, under multi-year agreements. Franchise fees and other franchise-related costs included in the accompanying statement of operations were $190 million, $176 million, and $174 million for the years ended December 31, 2013, 2012, and 2011 respectively. | |||||||||||||||||||||||||||||
• | The Company also has $73 million in letters of credit, primarily to its various worker’s compensation, property and casualty, and general liability carriers, as collateral for reimbursement of claims. | |||||||||||||||||||||||||||||
Litigation | ||||||||||||||||||||||||||||||
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, 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. | ||||||||||||||||||||||||||||||
Regulation in the Cable Industry | ||||||||||||||||||||||||||||||
The operation of a cable system is extensively regulated by the Federal Communications Commission (“FCC”), some state governments and most local governments. The FCC has the authority to enforce its regulations through the imposition of substantial fines, the issuance of cease and desist orders and/or the imposition of other administrative sanctions, such as the revocation of FCC licenses needed to operate certain transmission facilities used in connection with cable operations. The Telecommunications Act of 1996 altered the regulatory structure governing the nation’s communications providers. It removed barriers to competition in both the cable television market and the telephone market. Among other things, it reduced the scope of cable rate regulation and encouraged additional competition in the video programming industry by allowing telephone companies to provide video programming in their own telephone service areas. Future legislative and regulatory changes could adversely affect the Company’s operations. |
Employee_Benefit_Plan_Notes
Employee Benefit Plan (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Employee Benefit Plan | ' |
Employee Benefit Plan | |
The Company’s employees may participate in the Charter Communications, Inc. 401(k) Plan. Employees that qualify for participation can contribute up to 50% of their salary, on a pre-tax basis, subject to a maximum contribution limit as determined by the Internal Revenue Service. Each payroll period, the Company will contribute to the 401(k) Plan the total amount of the salary reduction the employee elects to defer between 1% and 50%. The Company’s matching contribution is discretionary and is equal to 50% of the amount of the salary reduction the participant elects to defer (up to 6% of the participant’s eligible compensation), excluding any catch-up contributions and is paid by the Company on a per pay period basis. The Company made contributions to the 401(k) plan totaling $16 million, $8 million and $6 million for the years ended December 31, 2013, 2012 and 2011, respectively. |
Recenlty_Issued_Accounting_Sta
Recenlty Issued Accounting Standards (Notes) | 12 Months Ended |
Dec. 31, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
Recently Issued Accounting Standards | ' |
Recently Issued Accounting Standards | |
In June 2013, the Financial Accounting Standards Board's Emerging Issues Task Force reached a final consensus on Issue 13-C, Presentation of an Unrecognized Tax Benefit when a Net Operating Loss or Tax Credit Carryforward Exists ("Issue 13-C"). Issue 13-C states that entities should present the unrecognized tax benefit as a reduction of the deferred tax asset for a net operating loss or similar tax loss or tax credit carryforward rather than as a liability when the uncertain tax position would reduce the net operating loss or other carryforward under the tax law. Issue 13-C requires prospective application (including accounting for uncertain tax positions that exist upon date of adoption) with optional retrospective application and is effective for annual and interim periods beginning after December 15, 2013, with early adoption permitted. The Company adopted Issue 13-C in the second quarter of 2013 and applied it retrospectively. The adoption of Issue 13-C decreased prepaid expenses and other current assets by $3 million and other long-term liabilities by $202 million and increased deferred income taxes by $199 million as of December 31, 2012. |
Unaudited_Quarterly_Financial_
Unaudited Quarterly Financial Data (Notes) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2012 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Unaudited Quarterly Financial Data | ' | ||||||||||||||||
Unaudited Quarterly Financial Data | |||||||||||||||||
The following table presents quarterly data for the periods presented on the consolidated statement of operations: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
First | Second Quarter | Third | Fourth Quarter | ||||||||||||||
Quarter | Quarter | ||||||||||||||||
Revenues | $ | 1,917 | $ | 1,972 | $ | 2,118 | $ | 2,148 | |||||||||
Income from operations | $ | 223 | $ | 236 | $ | 220 | $ | 246 | |||||||||
Net income (loss) | $ | (42 | ) | $ | (96 | ) | $ | (70 | ) | $ | 39 | ||||||
Income (loss) per common share: | |||||||||||||||||
Basic | $ | (0.42 | ) | $ | (0.96 | ) | $ | (0.68 | ) | $ | 0.38 | ||||||
Diluted | $ | (0.42 | ) | $ | (0.96 | ) | $ | (0.68 | ) | 0.35 | |||||||
Weighted average common shares | |||||||||||||||||
outstanding: | |||||||||||||||||
Basic | 100,327,418 | 100,600,678 | 102,924,443 | 103,836,535 | |||||||||||||
Diluted | 100,327,418 | 100,600,678 | 102,924,443 | 111,415,982 | |||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
First | Second Quarter | Third | Fourth Quarter | ||||||||||||||
Quarter | Quarter | ||||||||||||||||
Revenues | $ | 1,827 | $ | 1,884 | $ | 1,880 | $ | 1,913 | |||||||||
Income from operations | $ | 230 | $ | 269 | $ | 211 | $ | 206 | |||||||||
Net loss | $ | (94 | ) | $ | (83 | ) | $ | (87 | ) | $ | (40 | ) | |||||
Loss per common share: | |||||||||||||||||
Basic and diluted | $ | (0.95 | ) | $ | (0.84 | ) | $ | (0.87 | ) | $ | (0.41 | ) | |||||
Weighted average common shares | |||||||||||||||||
outstanding: | |||||||||||||||||
Basic and diluted | 99,432,960 | 99,496,755 | 99,694,672 | 100,003,344 | |||||||||||||
Consolidating_Schedules_Notes
Consolidating Schedules (Notes) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
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 December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012 and 2011 follow. | ||||||||||||||||||||||||
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 | |||||||||||||||||
Non-controlling 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 Balance Sheet | ||||||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO Holdings | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
CURRENT ASSETS: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 1 | $ | — | $ | — | $ | 6 | $ | — | $ | 7 | ||||||||||||
Restricted cash and cash equivalents | — | — | — | 27 | — | 27 | ||||||||||||||||||
Accounts receivable, net | 1 | 3 | — | 230 | — | 234 | ||||||||||||||||||
Receivables from related party | 59 | 176 | 11 | — | (246 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 16 | 8 | — | 38 | — | 62 | ||||||||||||||||||
Total current assets | 77 | 187 | 11 | 301 | (246 | ) | 330 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 32 | — | 7,174 | — | 7,206 | ||||||||||||||||||
Franchises | — | — | — | 5,287 | — | 5,287 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,424 | — | 1,424 | ||||||||||||||||||
Goodwill | — | — | — | 953 | — | 953 | ||||||||||||||||||
Total investment in cable properties, net | — | 32 | — | 14,838 | — | 14,870 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | 104 | 242 | — | — | (346 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,081 | 269 | 9,485 | — | (10,835 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 309 | 359 | — | (668 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 163 | 118 | 115 | — | 396 | ||||||||||||||||||
Total assets | $ | 1,262 | $ | 1,202 | $ | 9,973 | $ | 15,254 | $ | (12,095 | ) | $ | 15,596 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 12 | $ | 121 | $ | 146 | $ | 945 | $ | — | $ | 1,224 | ||||||||||||
Payables to related party | — | — | — | 246 | (246 | ) | — | |||||||||||||||||
Total current liabilities | 12 | 121 | 146 | 1,191 | (246 | ) | 1,224 | |||||||||||||||||
LONG-TERM DEBT | — | — | 9,558 | 3,250 | — | 12,808 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 668 | (668 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,101 | — | — | 220 | — | 1,321 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | — | — | 94 | — | 94 | ||||||||||||||||||
Shareholders’/Member’s equity | 149 | 1,081 | 269 | 9,485 | (10,835 | ) | 149 | |||||||||||||||||
Non-controlling interest | — | — | — | 346 | (346 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 149 | 1,081 | 269 | 9,831 | (11,181 | ) | 149 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,262 | $ | 1,202 | $ | 9,973 | $ | 15,254 | $ | (12,095 | ) | $ | 15,596 | |||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 22 | $ | 188 | $ | — | $ | 8,155 | $ | (210 | ) | $ | 8,155 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 22 | 188 | — | 5,345 | (210 | ) | 5,345 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,854 | — | 1,854 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 31 | — | 31 | ||||||||||||||||||
22 | 188 | — | 7,230 | (210 | ) | 7,230 | ||||||||||||||||||
Income from operations | — | — | — | 925 | — | 925 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 8 | (681 | ) | (173 | ) | — | (846 | ) | |||||||||||||||
Loss on extinguishment of debt | — | — | (65 | ) | (58 | ) | — | (123 | ) | |||||||||||||||
Gain on derivative instruments, net | — | — | — | 11 | — | 11 | ||||||||||||||||||
Other expense, net | — | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (75 | ) | (114 | ) | 632 | — | (443 | ) | — | |||||||||||||||
(75 | ) | (106 | ) | (114 | ) | (236 | ) | (443 | ) | (974 | ) | |||||||||||||
Income (loss) before income taxes | (75 | ) | (106 | ) | (114 | ) | 689 | (443 | ) | (49 | ) | |||||||||||||
INCOME TAX EXPENSE | (108 | ) | (1 | ) | — | (11 | ) | — | (120 | ) | ||||||||||||||
Consolidated net income (loss) | (183 | ) | (107 | ) | (114 | ) | 678 | (443 | ) | (169 | ) | |||||||||||||
Less: Net (income) loss – non-controlling interest | 14 | 32 | — | (46 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (169 | ) | $ | (75 | ) | $ | (114 | ) | $ | 632 | $ | (443 | ) | $ | (169 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 24 | $ | 159 | $ | — | $ | 7,504 | $ | (183 | ) | $ | 7,504 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 24 | 159 | — | 4,860 | (183 | ) | 4,860 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,713 | — | 1,713 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 15 | — | 15 | ||||||||||||||||||
24 | 159 | — | 6,588 | (183 | ) | 6,588 | ||||||||||||||||||
Income from operations | — | — | — | 916 | — | 916 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | (103 | ) | (541 | ) | (263 | ) | — | (907 | ) | ||||||||||||||
Gain (loss) on extinguishment of debt | — | 46 | — | (101 | ) | — | (55 | ) | ||||||||||||||||
Other expense, net | — | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (63 | ) | (35 | ) | 506 | — | (408 | ) | — | |||||||||||||||
(63 | ) | (92 | ) | (35 | ) | (365 | ) | (408 | ) | (963 | ) | |||||||||||||
Income (loss) before income taxes | (63 | ) | (92 | ) | (35 | ) | 551 | (408 | ) | (47 | ) | |||||||||||||
INCOME TAX EXPENSE | (254 | ) | — | — | (3 | ) | — | (257 | ) | |||||||||||||||
Consolidated net income (loss) | (317 | ) | (92 | ) | (35 | ) | 548 | (408 | ) | (304 | ) | |||||||||||||
Less: Net (income) loss – non-controlling interest | 13 | 29 | — | (42 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (304 | ) | $ | (63 | ) | $ | (35 | ) | $ | 506 | $ | (408 | ) | $ | (304 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 33 | $ | 124 | $ | — | $ | 7,204 | $ | (157 | ) | $ | 7,204 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 33 | 124 | — | 4,564 | (157 | ) | 4,564 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,592 | — | 1,592 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 7 | — | 7 | ||||||||||||||||||
33 | 124 | — | 6,163 | (157 | ) | 6,163 | ||||||||||||||||||
Income from operations | — | — | — | 1,041 | — | 1,041 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | (191 | ) | (381 | ) | (391 | ) | — | (963 | ) | ||||||||||||||
Loss on extinguishment of debt | — | (6 | ) | — | (137 | ) | — | (143 | ) | |||||||||||||||
Other expense, net | — | — | — | (5 | ) | — | (5 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (87 | ) | 82 | 463 | — | (458 | ) | — | ||||||||||||||||
(87 | ) | (115 | ) | 82 | (533 | ) | (458 | ) | (1,111 | ) | ||||||||||||||
Income (loss) before income taxes | (87 | ) | (115 | ) | 82 | 508 | (458 | ) | (70 | ) | ||||||||||||||
INCOME TAX EXPENSE | (295 | ) | (1 | ) | — | (3 | ) | — | (299 | ) | ||||||||||||||
Consolidated net income (loss) | (382 | ) | (116 | ) | 82 | 505 | (458 | ) | (369 | ) | ||||||||||||||
Less: Net (income) loss – non-controlling interest | 13 | 29 | — | (42 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (369 | ) | $ | (87 | ) | $ | 82 | $ | 463 | $ | (458 | ) | $ | (369 | ) | ||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 678 | $ | (443 | ) | $ | (169 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 34 | — | 34 | ||||||||||||||||||
Comprehensive income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 712 | $ | (443 | ) | $ | (135 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 548 | $ | (408 | ) | $ | (304 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | (10 | ) | — | (10 | ) | ||||||||||||||||
Comprehensive income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 538 | $ | (408 | ) | $ | (314 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 505 | $ | (458 | ) | $ | (369 | ) | ||||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | (8 | ) | — | (8 | ) | ||||||||||||||||
Comprehensive income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 497 | $ | (458 | ) | $ | (377 | ) | ||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 678 | $ | (443 | ) | $ | (169 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,854 | — | 1,854 | ||||||||||||||||||
Noncash interest expense | — | — | 27 | 16 | — | 43 | ||||||||||||||||||
Loss on extinguishment of debt | — | — | 65 | 58 | — | 123 | ||||||||||||||||||
Gain on derivative instruments, net | — | — | — | (11 | ) | — | (11 | ) | ||||||||||||||||
Deferred income taxes | 105 | — | — | 7 | — | 112 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | 75 | 114 | (632 | ) | — | 443 | — | |||||||||||||||||
Other, net | — | — | — | 82 | — | 82 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | (3 | ) | (1 | ) | — | 14 | — | 10 | ||||||||||||||||
Prepaid expenses and other assets | — | 1 | — | (1 | ) | — | — | |||||||||||||||||
Accounts payable, accrued liabilities and other | — | (3 | ) | 41 | 76 | — | 114 | |||||||||||||||||
Receivables from and payables to related party | 5 | (1 | ) | (10 | ) | 6 | — | — | ||||||||||||||||
Net cash flows from operating activities | (1 | ) | 3 | (623 | ) | 2,779 | — | 2,158 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,825 | ) | — | (1,825 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 76 | — | 76 | ||||||||||||||||||
Purchases of cable systems, net | — | — | — | (676 | ) | — | (676 | ) | ||||||||||||||||
Contribution to subsidiary | (89 | ) | (534 | ) | (1,022 | ) | — | 1,645 | — | |||||||||||||||
Distributions from subsidiary | — | 6 | 630 | — | (636 | ) | — | |||||||||||||||||
Other, net | — | 1 | — | (19 | ) | — | (18 | ) | ||||||||||||||||
Net cash flows from investing activities | (89 | ) | (527 | ) | (392 | ) | (2,444 | ) | 1,009 | (2,443 | ) | |||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 2,000 | 4,782 | — | 6,782 | ||||||||||||||||||
Repayments of long-term debt | — | — | (955 | ) | (5,565 | ) | — | (6,520 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | (93 | ) | 93 | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (25 | ) | (25 | ) | — | (50 | ) | |||||||||||||||
Purchase of treasury stock | (15 | ) | — | — | — | — | (15 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 104 | — | — | — | — | 104 | ||||||||||||||||||
Contributions from parent | — | 534 | 89 | 1,022 | (1,645 | ) | — | |||||||||||||||||
Distributions to parent | — | (5 | ) | (1 | ) | (630 | ) | 636 | — | |||||||||||||||
Other, net | — | — | — | (2 | ) | — | (2 | ) | ||||||||||||||||
Net cash flows from financing activities | 89 | 529 | 1,015 | (325 | ) | (1,009 | ) | 299 | ||||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1 | ) | 5 | — | 10 | — | 14 | |||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | 1 | — | — | 6 | — | 7 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | 5 | $ | — | $ | 16 | $ | — | $ | 21 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 548 | $ | (408 | ) | $ | (304 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,713 | — | 1,713 | ||||||||||||||||||
Noncash interest expense | — | (23 | ) | 18 | 50 | — | 45 | |||||||||||||||||
(Gain) loss on extinguishment of debt | — | (46 | ) | — | 101 | — | 55 | |||||||||||||||||
Deferred income taxes | 252 | — | — | (2 | ) | — | 250 | |||||||||||||||||
Equity in (income) losses of subsidiaries | 63 | 35 | (506 | ) | — | 408 | — | |||||||||||||||||
Other, net | — | — | — | 45 | — | 45 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | (1 | ) | 1 | — | 34 | — | 34 | |||||||||||||||||
Prepaid expenses and other assets | 2 | 8 | — | (18 | ) | — | (8 | ) | ||||||||||||||||
Accounts payable, accrued liabilities and other | — | (87 | ) | 47 | 86 | — | 46 | |||||||||||||||||
Receivables from and payables to related party | (1 | ) | (1 | ) | (11 | ) | 13 | — | — | |||||||||||||||
Net cash flows from operating activities | (2 | ) | (205 | ) | (487 | ) | 2,570 | — | 1,876 | |||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,745 | ) | — | (1,745 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 13 | — | 13 | ||||||||||||||||||
Sales of cable systems, net | — | — | — | 19 | — | 19 | ||||||||||||||||||
Contribution to subsidiary | (14 | ) | (71 | ) | (2,330 | ) | — | 2,415 | — | |||||||||||||||
Distributions from subsidiary | 12 | 1,891 | 2,014 | — | (3,917 | ) | — | |||||||||||||||||
Other, net | — | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||
Net cash flows from investing activities | (2 | ) | 1,820 | (316 | ) | (1,737 | ) | (1,502 | ) | (1,737 | ) | |||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 2,984 | 2,846 | — | 5,830 | ||||||||||||||||||
Repayments of long-term debt | — | (1,621 | ) | — | (4,280 | ) | — | (5,901 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | (314 | ) | 314 | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (39 | ) | (14 | ) | — | (53 | ) | |||||||||||||||
Purchase of treasury stock | (11 | ) | — | — | — | — | (11 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 15 | — | — | — | — | 15 | ||||||||||||||||||
Contributions from parent | — | 84 | 1 | 2,330 | (2,415 | ) | — | |||||||||||||||||
Distributions to parent | — | (72 | ) | (1,831 | ) | (2,014 | ) | 3,917 | — | |||||||||||||||
Other, net | 1 | (6 | ) | — | (9 | ) | — | (14 | ) | |||||||||||||||
Net cash flows from financing activities | 5 | (1,615 | ) | 801 | (827 | ) | 1,502 | (134 | ) | |||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1 | — | (2 | ) | 6 | — | 5 | |||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | — | 2 | — | — | 2 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | 1 | $ | — | $ | — | $ | 6 | $ | — | $ | 7 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 505 | $ | (458 | ) | $ | (369 | ) | ||||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,592 | — | 1,592 | ||||||||||||||||||
Noncash interest expense | — | (38 | ) | 20 | 52 | — | 34 | |||||||||||||||||
Loss on extinguishment of debt | — | 6 | — | 137 | — | 143 | ||||||||||||||||||
Deferred income taxes | 294 | — | — | (4 | ) | — | 290 | |||||||||||||||||
Equity in (income) losses of subsidiaries | 87 | (82 | ) | (463 | ) | — | 458 | — | ||||||||||||||||
Other, net | — | — | — | 33 | — | 33 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | — | (5 | ) | — | (19 | ) | — | (24 | ) | |||||||||||||||
Prepaid expenses and other assets | 1 | (1 | ) | — | 1 | — | 1 | |||||||||||||||||
Accounts payable, accrued liabilities and other | 1 | (16 | ) | 58 | (6 | ) | — | 37 | ||||||||||||||||
Receivables from and payables to related party | (1 | ) | — | (7 | ) | 8 | — | — | ||||||||||||||||
Net cash flows from operating activities | — | (252 | ) | (310 | ) | 2,299 | — | 1,737 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,311 | ) | — | (1,311 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 57 | — | 57 | ||||||||||||||||||
Purchases of cable systems, net | — | — | — | (88 | ) | — | (88 | ) | ||||||||||||||||
Contribution to subsidiary | — | — | (2,837 | ) | — | 2,837 | — | |||||||||||||||||
Distributions from subsidiary | 528 | 4,956 | 650 | — | (6,134 | ) | — | |||||||||||||||||
Other, net | — | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||
Net cash flows from investing activities | 528 | 4,956 | (2,187 | ) | (1,366 | ) | (3,297 | ) | (1,366 | ) | ||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 3,640 | 1,849 | — | 5,489 | ||||||||||||||||||
Repayments of long-term debt | — | (332 | ) | — | (4,740 | ) | — | (5,072 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | 223 | (223 | ) | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (54 | ) | (8 | ) | — | (62 | ) | |||||||||||||||
Purchase of treasury stock | (533 | ) | (200 | ) | — | — | — | (733 | ) | |||||||||||||||
Proceeds from exercise of options and warrants | 5 | — | — | — | — | 5 | ||||||||||||||||||
Contributions from parent | — | — | — | 2,837 | (2,837 | ) | — | |||||||||||||||||
Distributions to parent | — | (4,173 | ) | (1,311 | ) | (650 | ) | 6,134 | — | |||||||||||||||
Other, net | — | (2 | ) | — | 2 | — | — | |||||||||||||||||
Net cash flows from financing activities | (528 | ) | (4,707 | ) | 2,498 | (933 | ) | 3,297 | (373 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — | (3 | ) | 1 | — | — | (2 | ) | ||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | 3 | 1 | — | — | 4 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Consolidation | ' | ||
Consolidation | |||
The accompanying consolidated financial statements include the accounts of Charter and its wholly owned subsidiaries. The Company consolidates based upon evaluation of the Company’s power, through voting rights or similar rights, to direct the activities of another entity that most significantly impact the entity’s economic performance; its obligation to absorb the expected losses of the entity; and its right to receive the expected residual returns of the entity. All significant inter-company accounts and transactions among consolidated entities have been eliminated. | |||
Cash and cash equivalents | ' | ||
Cash and Cash Equivalents | |||
The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. These investments are carried at cost, which approximates market value. Cash and cash equivalents consist primarily of money market funds and commercial paper. Restricted cash and cash equivalents consisted of amounts held in escrow accounts pending final resolution from the Bankruptcy Court. In April 2013, the restrictions on the cash and cash equivalents were resolved. | |||
Property, Plant and Equipment | ' | ||
Property, Plant and Equipment | |||
Additions to property, plant and equipment are recorded at cost, including all material, labor and certain indirect costs associated with the construction of cable transmission and distribution facilities. While the Company’s capitalization is based on specific activities, once capitalized, costs are tracked by fixed asset category at the cable system level and not on a specific asset basis. For assets that are sold or retired, the estimated historical cost and related accumulated depreciation is removed. Costs associated with initial customer installations and the additions of network equipment necessary to enable advanced video services are capitalized. Costs capitalized as part of initial customer installations include materials, labor, and certain indirect costs. Indirect costs are associated with the activities of the Company’s personnel who assist in connecting and activating the new service and consist of compensation and other costs associated with these support functions. Indirect costs primarily include employee benefits and payroll taxes, direct variable costs associated with capitalizable activities, consisting primarily of installation and construction, vehicle costs, the cost of dispatch personnel and indirect costs directly attributable to capitalizable activities. The costs of disconnecting service at a customer’s dwelling or reconnecting service to a previously installed dwelling are charged to operating expense in the period incurred. Costs for repairs and maintenance are charged to operating expense as incurred, while plant and equipment replacement and betterments, including replacement of cable drops from the pole to the dwelling, are capitalized. | |||
Depreciation is recorded using the straight-line composite method over management’s estimate of the useful lives of the related assets as follows: | |||
Cable distribution systems | 7-20 years | ||
Customer equipment and installations | 4-8 years | ||
Vehicles and equipment | 1-6 years | ||
Buildings and leasehold improvements | 15-40 years | ||
Furniture, fixtures and equipment | 6-10 years | ||
Asset Retirement Obligations | ' | ||
Asset Retirement Obligations | |||
Certain of the Company’s franchise agreements and leases contain provisions requiring the Company to restore facilities or remove equipment in the event that the franchise or lease agreement is not renewed. The Company expects to continually renew its franchise agreements and has concluded that all of the related franchise rights are indefinite lived intangible assets. Accordingly, the possibility is remote that the Company would be required to incur significant restoration or removal costs related to these franchise agreements in the foreseeable future. A liability is required to be recognized for an asset retirement obligation in the period in which it is incurred if a reasonable estimate of fair value can be made. The Company has not recorded an estimate for potential franchise related obligations, but would record an estimated liability in the unlikely event a franchise agreement containing such a provision were no longer expected to be renewed. The Company also expects to renew many of its lease agreements related to the continued operation of its cable business in the franchise areas. For the Company’s lease agreements, the estimated liabilities related to the removal provisions, where applicable, have been recorded and are not significant to the financial statements. | |||
Franchises | ' | ||
Franchises | |||
Franchise rights represent the value attributed to agreements or authorizations with local and state authorities that allow access to homes in cable service areas. Management estimates the fair value of franchise rights at the date of acquisition and determines if the franchise has a finite life or an indefinite life. All franchises that qualify for indefinite life treatment are tested for impairment annually or more frequently as warranted by events or changes in circumstances (see Note 6). The Company has concluded that all of its existing franchises qualify for indefinite life treatment. | |||
Customer Relationships | ' | ||
Customer Relationships | |||
Customer relationships represent the value attributable to the Company’s business relationships with its current customers including the right to deploy and market additional services to these customers. Customer relationships are amortized on an accelerated basis over the period the relationships with current customers are expected to generate cash flows (8-15 years). | |||
Goodwill | ' | ||
Goodwill | |||
The Company assesses the recoverability of its goodwill as of November 30 of each year, or more frequently whenever events or changes in circumstances indicate that the asset might be impaired. | |||
Other Noncurrent Assets | ' | ||
Other Non-current Assets | |||
Other non-current assets primarily include trademarks, right-of-entry costs and deferred financing costs. Trademarks have been determined to have an indefinite life and are tested annually for impairment. Right-of-entry costs represent costs incurred related to agreements entered into with landlords, real estate companies or owners to gain access to a building in order to provide cable service. Right-of-entry costs are generally deferred and amortized to amortization expense over the term of the agreement. Costs related to borrowings are deferred and amortized to interest expense over the terms of the related borrowings. | |||
Valuation of Long-Lived Assets | ' | ||
Valuation of Long-Lived Assets | |||
The Company evaluates the recoverability of long-lived assets to be held and used when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Such events or changes in circumstances could include such factors as impairment of the Company’s indefinite life assets, changes in technological advances, fluctuations in the fair value of such assets, adverse changes in relationships with local franchise authorities, adverse changes in market conditions or a deterioration of operating results. If a review indicates that the carrying value of such asset is not recoverable from estimated undiscounted cash flows, the carrying value of such asset is reduced to its estimated fair value. While the Company believes that its estimates of future cash flows are reasonable, different assumptions regarding such cash flows could materially affect its evaluations of asset recoverability. No impairments of long-lived assets to be held and used were recorded in 2013, 2012 and 2011. | |||
Derivative Financial Instruments | ' | ||
Derivative Financial Instruments | |||
Revenue Recognition | ' | ||
Revenue Recognition | |||
Revenues from residential and commercial video, Internet and voice services are recognized when the related services are provided. Advertising sales are recognized at estimated realizable values in the period that the advertisements are broadcast. In some cases, the Company coordinates the advertising sales efforts of other cable operators in a certain market and remits amounts received from customers less an agreed-upon percentage to such cable operator. For those arrangements in which the Company acts as a principal, the Company records the revenues earned from the advertising customer on a gross basis and the amount remitted to the cable operator as an operating expense. | |||
Fees imposed on Charter by various governmental authorities are passed through on a monthly basis to the Company’s customers and are periodically remitted to authorities. Fees of $263 million, $260 million and $249 million for the years ended December 31, 2013, 2012 and 2011, respectively, are reported in video, voice and commercial revenues, on a gross basis with a corresponding operating expense because the Company is acting as a principal. Other taxes, such as sales taxes imposed on the Company's customers collected and remitted to state and local authorities are recorded on a net basis because the Company is acting as an agent in such situation. | |||
Programming Costs | ' | ||
Programming Costs | |||
The Company has various contracts to obtain basic, digital and premium video programming from programming vendors whose compensation is typically based on a flat fee per customer. The cost of the right to exhibit network programming under such arrangements is recorded in operating expenses in the month the programming is available for exhibition. Programming costs are paid each month based on calculations performed by the Company and are subject to periodic audits performed by the programmers. Certain programming contracts contain incentives to be paid by the programmers. The Company receives these payments and recognizes the incentives on a straight-line basis over the life of the programming agreement as a reduction of programming expense. This offset to programming expense was $7 million, $6 million and $7 million for the years ended December 31, 2013, 2012 and 2011, respectively. Programming costs included in the accompanying statements of operations were $2.1 billion, $2.0 billion and $1.9 billion for the years ended December 31, 2013, 2012 and 2011, respectively. | |||
Advertising Costs | ' | ||
Advertising Costs | |||
Advertising costs associated with marketing the Company’s products and services are generally expensed as costs are incurred. Such advertising expense was $357 million, $325 million and $285 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||
Multiple-Element Transactions | ' | ||
Multiple-Element Transactions | |||
In the normal course of business, the Company enters into multiple-element transactions where it is simultaneously both a customer and a vendor with the same counterparty or in which it purchases multiple products and/or services, or settles outstanding items contemporaneous with the purchase of a product or service from a single counterparty. Transactions, although negotiated contemporaneously, may be documented in one or more contracts. The Company’s policy for accounting for each transaction negotiated contemporaneously is to record each element of the transaction based on the respective estimated fair values of the products or services purchased and the products or services sold. In determining the fair value of the respective elements, the Company refers to quoted market prices (where available), historical transactions or comparable cash transactions. | |||
Stock-Based Compensation | ' | ||
Stock-Based Compensation | |||
Restricted stock, restricted stock units, stock options and performance units and shares are measured at the grant date fair value and amortized to stock compensation expense over the requisite service period. The Company recorded $48 million, $50 million and $36 million of stock compensation expense which is included in operating costs and expenses and other operating expenses, net for the years ended December 31, 2013, 2012 and 2011, respectively. | |||
The fair value of options granted is estimated on the date of grant using the Black-Scholes option-pricing model and Monte Carlo simulations for options and restricted stock units with market conditions. The grant date weighted average assumptions used during the years ended December 31, 2013, 2012 and 2011, respectively, were: risk-free interest rate of 1.5%, 1.5% and 2.5%; expected volatility of 37.8%, 38.4% and 38.4%, and expected lives of 6.3 years, 6.3 years and 6.6 years. The grant date weighted average cost of equity used was 16.2%, 16.2% and 15.5% during the years ended December 31, 2013, 2012 and 2011, respectively. Volatility assumptions were based on historical volatility of Charter and a peer group. The Company’s volatility assumptions represent management’s best estimate and were partially based on historical volatility of a peer group because management does not believe Charter’s pre-emergence from bankruptcy historical volatility to be representative of its future volatility. Expected lives were calculated based on the simplified-method due to insufficient historical exercise data. The valuations assume no dividends are paid. | |||
Income Taxes | ' | ||
Income Taxes | |||
The Company recognizes deferred tax assets and liabilities for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities and expected benefits of utilizing loss carryforwards. The impact on deferred taxes of changes in tax rates and tax law, if any, applied to the years during which temporary differences are expected to be settled, are reflected in the consolidated financial statements in the period of enactment (see Note 16). | |||
Loss per Common Share | ' | ||
Loss per Common Share | |||
Basic loss per common share is computed by dividing the net loss by the weighted-average common shares outstanding during the respective periods. Diluted loss per common share equals basic loss per common share for the periods presented, as the effect of stock options and other convertible securities are anti-dilutive because the Company incurred net losses. | |||
Segments | ' | ||
Segments | |||
The Company’s operations are conducted through the use of a unified network and are managed and reported to its Chief Executive Officer ("CEO"), the Company's chief operating decision maker, on a consolidated basis. The CEO assesses performance and allocates resources based on the consolidated results of operations. Under this organizational and reporting structure, the Company has one reportable segment, broadband services. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Accounting Policies [Abstract] | ' | |||||||||||
Schedule of useful lives of property plant and equipment | ' | |||||||||||
Depreciation is recorded using the straight-line composite method over management’s estimate of the useful lives of the related assets as follows: | ||||||||||||
Cable distribution systems | 7-20 years | |||||||||||
Customer equipment and installations | 4-8 years | |||||||||||
Vehicles and equipment | 1-6 years | |||||||||||
Buildings and leasehold improvements | 15-40 years | |||||||||||
Furniture, fixtures and equipment | 6-10 years | |||||||||||
Property, plant and equipment consists of the following as of December 31, 2013 and 2012: | ||||||||||||
December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Cable distribution systems | $ | 7,556 | $ | 6,588 | ||||||||
Customer equipment and installations | 4,061 | 3,292 | ||||||||||
Vehicles and equipment | 270 | 195 | ||||||||||
Buildings and leasehold improvements | 425 | 342 | ||||||||||
Furniture, fixtures and equipment | 456 | 352 | ||||||||||
12,768 | 10,769 | |||||||||||
Less: accumulated depreciation | (4,787 | ) | (3,563 | ) | ||||||||
$ | 7,981 | $ | 7,206 | |||||||||
Schedule of revenues by product line | ' | |||||||||||
The Company’s revenues by product line are as follows: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Video | $ | 4,030 | $ | 3,639 | $ | 3,639 | ||||||
Internet | 2,186 | 1,866 | 1,708 | |||||||||
Voice | 644 | 828 | 858 | |||||||||
Commercial | 822 | 658 | 544 | |||||||||
Advertising sales | 291 | 334 | 292 | |||||||||
Other | 182 | 179 | 163 | |||||||||
$ | 8,155 | $ | 7,504 | $ | 7,204 | |||||||
Acquisition_of_Bresnan_Tables
Acquisition of Bresnan (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Business Combinations [Abstract] | ' | |||||||
Calculation of Estimated Purchase Price | ' | |||||||
The tables below present the calculation of the purchase price and the allocation of the purchase price to the assets and liabilities acquired. | ||||||||
Purchase Price: | ||||||||
Purchase price | $ | 1,625 | ||||||
Bresnan debt assumed (including accrued interest) | (962 | ) | ||||||
Working capital adjustment | 13 | |||||||
Cash purchase price, net of cash acquired | $ | 676 | ||||||
Purchase Price Allocation | ' | |||||||
Purchase Price Allocation: | ||||||||
Property, plant and equipment | $ | 515 | ||||||
Franchises | 722 | |||||||
Customer relationships | 249 | |||||||
Goodwill | 224 | |||||||
Other noncurrent assets | 4 | |||||||
Current assets | 16 | |||||||
Current liabilities | (69 | ) | ||||||
Long-term debt (including accrued interest) | (985 | ) | ||||||
Cash purchase price, net of cash acquired | $ | 676 | ||||||
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. | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 8,419 | $ | 8,017 | ||||
Net loss | $ | (194 | ) | $ | (392 | ) | ||
Loss per common share, basic and diluted | $ | (1.90 | ) | $ | (3.93 | ) |
Allowance_for_Doubtful_Account1
Allowance for Doubtful Accounts (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||
Schedule of allowance for doubtful accounts | ' | |||||||||||
Activity in the allowance for doubtful accounts is summarized as follows for the years presented: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of period | $ | 14 | $ | 16 | $ | 17 | ||||||
Charged to expense | 101 | 105 | 117 | |||||||||
Uncollected balances written off, net of recoveries | (96 | ) | (107 | ) | (118 | ) | ||||||
Balance, end of period | $ | 19 | $ | 14 | $ | 16 | ||||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment | ' | ||||||||
Depreciation is recorded using the straight-line composite method over management’s estimate of the useful lives of the related assets as follows: | |||||||||
Cable distribution systems | 7-20 years | ||||||||
Customer equipment and installations | 4-8 years | ||||||||
Vehicles and equipment | 1-6 years | ||||||||
Buildings and leasehold improvements | 15-40 years | ||||||||
Furniture, fixtures and equipment | 6-10 years | ||||||||
Property, plant and equipment consists of the following as of December 31, 2013 and 2012: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Cable distribution systems | $ | 7,556 | $ | 6,588 | |||||
Customer equipment and installations | 4,061 | 3,292 | |||||||
Vehicles and equipment | 270 | 195 | |||||||
Buildings and leasehold improvements | 425 | 342 | |||||||
Furniture, fixtures and equipment | 456 | 352 | |||||||
12,768 | 10,769 | ||||||||
Less: accumulated depreciation | (4,787 | ) | (3,563 | ) | |||||
$ | 7,981 | $ | 7,206 | ||||||
Franchises_Goodwill_and_Other_1
Franchises, Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Indefinite-lived and finite-lived intangible assets | ' | ||||||||||||||||||||||||
As of December 31, 2013 and 2012, indefinite lived and finite-lived intangible assets are presented in the following table: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
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 | $ | 5,287 | $ | — | $ | 5,287 | |||||||||||||
Goodwill | 1,177 | — | 1,177 | 953 | — | 953 | |||||||||||||||||||
Trademarks | 158 | — | 158 | 158 | — | 158 | |||||||||||||||||||
Other intangible assets | 4 | — | 4 | — | — | — | |||||||||||||||||||
$ | 7,348 | $ | — | $ | 7,348 | $ | 6,398 | $ | — | $ | 6,398 | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||||||||||
Customer relationships | $ | 2,617 | $ | 1,228 | $ | 1,389 | $ | 2,368 | $ | 944 | $ | 1,424 | |||||||||||||
Other intangible assets | 130 | 44 | 86 | 105 | 29 | 76 | |||||||||||||||||||
$ | 2,747 | $ | 1,272 | $ | 1,475 | $ | 2,473 | $ | 973 | $ | 1,500 | ||||||||||||||
Expected future amortization expense on finite-lived intangible assets | ' | ||||||||||||||||||||||||
The Company expects amortization expense on its finite-lived intangible assets will be as follows. | |||||||||||||||||||||||||
2014 | $ | 298 | |||||||||||||||||||||||
2015 | 264 | ||||||||||||||||||||||||
2016 | 231 | ||||||||||||||||||||||||
2017 | 197 | ||||||||||||||||||||||||
2018 | 162 | ||||||||||||||||||||||||
Thereafter | 323 | ||||||||||||||||||||||||
$ | 1,475 | ||||||||||||||||||||||||
Accounts_Payable_and_Accrued_L1
Accounts Payable and Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounts Payable and Accrued Liabilities, Current [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities | ' | ||||||||
Accounts payable and accrued liabilities consist of the following as of December 31, 2013 and 2012: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Accounts payable – trade | $ | 91 | $ | 107 | |||||
Accrued capital expenditures | 235 | 156 | |||||||
Deferred revenue | 90 | 81 | |||||||
Accrued liabilities: | |||||||||
Interest | 195 | 155 | |||||||
Programming costs | 379 | 323 | |||||||
Franchise related fees | 62 | 52 | |||||||
Compensation | 156 | 145 | |||||||
Other | 259 | 205 | |||||||
$ | 1,467 | $ | 1,224 | ||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | ||||||||||||||||
Debt Disclosure [Abstract] | ' | |||||||||||||||
Schedule of Long-Term Debt | ' | |||||||||||||||
Long-term debt consists of the following as of December 31, 2013 and 2012: | ||||||||||||||||
December 31, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
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 | ||||||||
7.875% senior notes due April 30, 2018 | — | — | 900 | 900 | ||||||||||||
7.000% senior notes due January 15, 2019 | 1,400 | 1,393 | 1,400 | 1,392 | ||||||||||||
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 | — | — | ||||||||||||
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 | 746 | ||||||||||||
5.250% senior notes due September 30, 2022 | 1,250 | 1,239 | 1,250 | 1,238 | ||||||||||||
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 | — | — | ||||||||||||
5.750% senior notes due January 15, 2024 | 1,000 | 1,000 | — | — | ||||||||||||
Credit facility due September 6, 2014 | 350 | 342 | 350 | 332 | ||||||||||||
Charter Communications Operating, LLC: | ||||||||||||||||
Credit facilities | 3,548 | 3,510 | 3,337 | 3,250 | ||||||||||||
$ | 14,248 | $ | 14,181 | $ | 12,937 | $ | 12,808 | |||||||||
Future Principal Payments of Long-term Debt | ' | |||||||||||||||
Based upon outstanding indebtedness as of December 31, 2013, the amortization of term loans, and the maturity dates for all senior and subordinated notes, total future principal payments on the total borrowings under all debt agreements as of December 31, 2013, are as follows: | ||||||||||||||||
Year | Amount | |||||||||||||||
2014 | $ | 414 | ||||||||||||||
2015 | 65 | |||||||||||||||
2016 | 93 | |||||||||||||||
2017 | 1,102 | |||||||||||||||
2018 | 673 | |||||||||||||||
Thereafter | 11,901 | |||||||||||||||
$ | 14,248 | |||||||||||||||
Common_Stock_Tables
Common Stock (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Class of Stock Disclosures [Abstract] | ' | ||||||
Common stock activity | ' | ||||||
The following table summarizes our shares outstanding for the three years ended December 31, 2013: | |||||||
Class A Common Stock | Class B Common Stock | ||||||
BALANCE, December 31, 2010 | 112,317,691 | 2,241,299 | |||||
Conversion of Class B common stock into Class A | 2,241,299 | (2,241,299 | ) | ||||
Restricted stock issuances, net of cancellations | 472,099 | — | |||||
Option exercises | 140,893 | — | |||||
Stock issuances pursuant to employment agreements | 7,000 | — | |||||
Purchase of treasury stock (see Note 9) | (14,608,564 | ) | — | ||||
BALANCE, December 31, 2011 | 100,570,418 | — | |||||
Option exercises | 370,715 | — | |||||
Restricted stock issuances, net of cancellations | 182,537 | — | |||||
Stock issuances from exercise of warrants | 179,850 | — | |||||
Restricted stock unit vesting | 51,476 | — | |||||
Purchase of treasury stock (see Note 9) | (178,749 | ) | — | ||||
BALANCE, December 31, 2012 | 101,176,247 | — | |||||
Option exercises | 543,221 | — | |||||
Restricted stock issuances, net of cancellations | 4,879 | — | |||||
Stock issuances from exercise of warrants | 4,481,656 | — | |||||
Restricted stock unit vesting | 88,330 | — | |||||
Purchase of treasury stock (see Note 9) | (150,258 | ) | — | ||||
BALANCE, December 31, 2013 | 106,144,075 | — | |||||
Accounting_for_Derivative_Inst1
Accounting for Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
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 derivative instruments on the Company’s consolidated balance sheets is presented in the table below: | ||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||
Other long-term liabilities: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | $ | 67 | ||||||||
Fair value of interest rate derivatives not designated as hedges | $ | 22 | $ | — | ||||||||
Accrued interest: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | 8 | |||||||||
Fair value of interest rate derivatives not designated as hedges | $ | 8 | $ | — | ||||||||
Accumulated other comprehensive loss: | ||||||||||||
Fair value of interest rate derivatives designated as hedges | $ | — | $ | (75 | ) | |||||||
Fair value of interest rate derivatives not designated as hedges | $ | (41 | ) | $ | — | |||||||
Schedule of derivative instruments effect on the Company's condensed consolidated statements of comprehensive loss and condensed consolidated statements of operations | ' | |||||||||||
The effects of derivative instruments on the Company’s consolidated statements of comprehensive loss and consolidated statements of operations is presented in the table below. | ||||||||||||
Year Ended December 31, 2013 | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Gain (loss) on derivative instruments, net: | ||||||||||||
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | $ | 38 | $ | — | $ | — | ||||||
Loss reclassified from accumulated other comprehensive loss into earnings as a result of cash flow hedge discontinuance | $ | (27 | ) | $ | — | $ | — | |||||
Interest expense: | ||||||||||||
Loss reclassified from accumulated other comprehensive loss into interest expense | $ | (10 | ) | $ | (36 | ) | $ | (39 | ) |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
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 December 31, 2013 and 2012 is as follows: | |||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||||||||||||
Debt | |||||||||||||||||
CCO Holdings debt | $ | 10,329 | $ | 10,384 | $ | 9,226 | $ | 9,933 | |||||||||
Credit facilities | $ | 3,852 | $ | 3,848 | $ | 3,582 | $ | 3,695 | |||||||||
Operating_Costs_and_Expenses_T
Operating Costs and Expenses (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Operating Costs and Expenses [Abstract] | ' | |||||||||||
Operating Costs and Expenses | ' | |||||||||||
Operating costs and expenses consist of the following for the years presented: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Programming | $ | 2,146 | $ | 1,965 | $ | 1,860 | ||||||
Franchise, regulatory and connectivity | 399 | 383 | 371 | |||||||||
Costs to service customers | 1,514 | 1,363 | 1,268 | |||||||||
Marketing | 479 | 422 | 387 | |||||||||
Other | 807 | 727 | 678 | |||||||||
$ | 5,345 | $ | 4,860 | $ | 4,564 | |||||||
Other_Operating_Expenses_Net_T
Other Operating Expenses, Net (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Income and Expenses [Abstract] | ' | |||||||||||
Schedule of other operating expenses, net | ' | |||||||||||
Other operating expenses, net consist of the following for the years presented: | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(Gain)/loss on sale of assets, net | $ | 8 | $ | (5 | ) | $ | (4 | ) | ||||
Special charges, net | 23 | 20 | 11 | |||||||||
$ | 31 | $ | 15 | $ | 7 | |||||||
Stock_Compensation_Plans_Table
Stock Compensation Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Stock Options [Member] | ' | |||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||||||||||
Schedule of stock option activity | ' | |||||||||||||||||||||||
A summary of the activity for the Company’s stock options for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Exercise Price | Shares | Weighted Average Exercise Price | Shares | Weighted Average Exercise Price | |||||||||||||||||||
Outstanding, beginning of period | 3,552 | $ | 54.35 | 4,018 | $ | 49.53 | 1,431 | $ | 35.12 | |||||||||||||||
Granted | 276 | $ | 108.89 | 813 | $ | 69 | 3,042 | $ | 54.3 | |||||||||||||||
Exercised | (543 | ) | $ | 51.22 | (371 | ) | $ | 40.57 | (141 | ) | $ | 35.38 | ||||||||||||
Canceled | (143 | ) | $ | 50.54 | (908 | ) | $ | 51.74 | (314 | ) | $ | 36.4 | ||||||||||||
Outstanding, end of period | 3,142 | $ | 59.86 | 3,552 | $ | 54.35 | 4,018 | $ | 49.53 | |||||||||||||||
Weighted average remaining contractual life | 7 | years | 8 | years | 9 | years | ||||||||||||||||||
Options exercisable, end of period | 1,128 | $ | 52.07 | 469 | $ | 46.23 | 189 | $ | 34.92 | |||||||||||||||
Weighted average fair value of options granted | $ | 41.52 | $ | 28.17 | $ | 23.03 | ||||||||||||||||||
Restricted Stock [Member] | ' | |||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||||||||||
Schedule of restricted stock activity | ' | |||||||||||||||||||||||
A summary of the activity for the Company’s restricted stock for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | |||||||||||||||||||
Outstanding, beginning of period | 928 | $ | 54.16 | 1,115 | $ | 45.72 | 1,081 | $ | 34.81 | |||||||||||||||
Granted | 13 | $ | 101.81 | 244 | $ | 60.48 | 669 | $ | 53.16 | |||||||||||||||
Vested | (280 | ) | $ | 51.62 | (370 | ) | $ | 36.02 | (438 | ) | $ | 34.98 | ||||||||||||
Canceled | (8 | ) | $ | 56.5 | (61 | ) | $ | 35.25 | (197 | ) | $ | 34.98 | ||||||||||||
Outstanding, end of period | 653 | $ | 56.14 | 928 | $ | 54.16 | 1,115 | $ | 45.72 | |||||||||||||||
Restricted Stock Units (RSUs) [Member] | ' | |||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | |||||||||||||||||||||||
Schedule of restricted stock activity | ' | |||||||||||||||||||||||
A summary of the activity for the Company’s restricted stock units for the years ended December 31, 2013, 2012 and 2011, is as follows (amounts in thousands, except per share data): | ||||||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | Shares | Weighted Average Grant Price | |||||||||||||||||||
Outstanding, beginning of period | 327 | $ | 61.79 | 273 | $ | 54.86 | — | $ | — | |||||||||||||||
Granted | 73 | $ | 109.96 | 142 | $ | 71.33 | 276 | $ | 54.87 | |||||||||||||||
Vested | (88 | ) | $ | 61.17 | (52 | ) | $ | 56.59 | — | $ | — | |||||||||||||
Canceled | (24 | ) | $ | 55.28 | (36 | ) | $ | 54.47 | (3 | ) | $ | 55.12 | ||||||||||||
Outstanding, end of period | 288 | $ | 74.73 | 327 | $ | 61.79 | 273 | $ | 54.86 | |||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||||
Current and deferred income tax benefit (expense) | ' | |||||||||||||
Current and deferred income tax expense is as follows: | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Current expense: | ||||||||||||||
Federal income taxes | $ | (1 | ) | $ | — | $ | — | |||||||
State income taxes | (7 | ) | (7 | ) | (9 | ) | ||||||||
Current income tax expense | (8 | ) | (7 | ) | (9 | ) | ||||||||
Deferred expense: | ||||||||||||||
Federal income taxes | (101 | ) | (223 | ) | (258 | ) | ||||||||
State income taxes | (11 | ) | (27 | ) | (32 | ) | ||||||||
Deferred income tax expense | (112 | ) | (250 | ) | (290 | ) | ||||||||
Total income tax expense | $ | (120 | ) | $ | (257 | ) | $ | (299 | ) | |||||
Effective tax rate differences from applicable federal income tax rate | ' | |||||||||||||
The Company’s effective tax rate differs from that derived by applying the applicable federal income tax rate of 35% for the years ended December 31, 2013, 2012, and 2011, respectively, as follows: | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Statutory federal income taxes | $ | 17 | $ | 17 | $ | 24 | ||||||||
Statutory state income taxes, net | (7 | ) | (7 | ) | (9 | ) | ||||||||
Nondeductible expenses | (3 | ) | (6 | ) | (5 | ) | ||||||||
Change in valuation allowance | (127 | ) | (264 | ) | (312 | ) | ||||||||
State rate changes | 4 | — | — | |||||||||||
Other | (4 | ) | 3 | 3 | ||||||||||
Income tax expense | $ | (120 | ) | $ | (257 | ) | $ | (299 | ) | |||||
Deferred tax assets and liabilities | ' | |||||||||||||
The tax effects of these temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2013 and 2012 are presented below. | ||||||||||||||
December 31, | ||||||||||||||
2013 | 2012 | |||||||||||||
Deferred tax assets: | ||||||||||||||
Goodwill | $ | 274 | $ | 199 | ||||||||||
Investment in partnership | 289 | 448 | ||||||||||||
Loss carryforwards | 3,170 | 2,943 | ||||||||||||
Other intangibles | 48 | — | ||||||||||||
Accrued and other | 112 | 135 | ||||||||||||
Total gross deferred tax assets | 3,893 | 3,725 | ||||||||||||
Less: valuation allowance | (2,961 | ) | (2,851 | ) | ||||||||||
Deferred tax assets | $ | 932 | $ | 874 | ||||||||||
Deferred tax liabilities: | ||||||||||||||
Indefinite life intangibles | $ | (1,205 | ) | $ | (1,094 | ) | ||||||||
Other intangibles | — | (256 | ) | |||||||||||
Property, plant and equipment | (901 | ) | (575 | ) | ||||||||||
Indirect corporate subsidiaries: | ||||||||||||||
Indefinite life intangibles | (122 | ) | (120 | ) | ||||||||||
Other | (119 | ) | (132 | ) | ||||||||||
Deferred tax liabilities | (2,347 | ) | (2,177 | ) | ||||||||||
Net deferred tax liabilities | $ | (1,415 | ) | $ | (1,303 | ) | ||||||||
Reconciliation of unrecognized tax benefits | ' | |||||||||||||
Balance at December 31, 2011 | $ | 228 | ||||||||||||
Additions based on tax positions related to prior year | 1 | |||||||||||||
Reductions due to tax positions related to prior year | (27 | ) | ||||||||||||
Balance at December 31, 2012 | 202 | |||||||||||||
Additions based on tax positions related to prior year | — | |||||||||||||
Reductions due to tax positions related to prior year | (202 | ) | ||||||||||||
Balance at December 31, 2013 | $ | — | ||||||||||||
Commitments_and_Contingencies_1
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||
Schedule of Company Payment Obligations | ' | |||||||||||||||||||||||||||||
The following table summarizes the Company’s payment obligations as of December 31, 2013 for its contractual obligations. | ||||||||||||||||||||||||||||||
Total | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | ||||||||||||||||||||||||
Contractual Obligations | ||||||||||||||||||||||||||||||
Capital and Operating Lease Obligations (1) | $ | 136 | $ | 35 | $ | 30 | $ | 26 | $ | 22 | 13 | $ | 10 | |||||||||||||||||
Programming Minimum Commitments (2) | 970 | 227 | 236 | 239 | 236 | 9 | 23 | |||||||||||||||||||||||
Other (3) | 562 | 535 | 22 | 5 | — | — | — | |||||||||||||||||||||||
Total | $ | 1,668 | $ | 797 | $ | 288 | $ | 270 | $ | 258 | $ | 22 | $ | 33 | ||||||||||||||||
(1) The Company leases certain facilities and equipment under non-cancelable operating leases. Leases and rental costs charged to expense for the years ended December 31, 2013, 2012 and 2011 were $34 million, $28 million, $27 million, respectively. | ||||||||||||||||||||||||||||||
(2) The Company pays programming fees under multi-year contracts ranging from three to ten years, typically based on a flat fee per customer, which may be fixed for the term, or may in some cases escalate over the term. Programming costs included in the accompanying statement of operations were $2.1 billion, $2.0 billion and $1.9 billion for the years ended December 31, 2013, 2012, and 2011 respectively. Certain of the Company’s programming agreements are based on a flat fee per month or have guaranteed minimum payments. The table sets forth the aggregate guaranteed minimum commitments under the Company’s programming contracts. | ||||||||||||||||||||||||||||||
(3) “Other” represents other guaranteed minimum commitments, which consist primarily of commitments to the Company's customer premise equipment vendors. |
Unaudited_Quarterly_Financial_1
Unaudited Quarterly Financial Data (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
The following table presents quarterly data for the periods presented on the consolidated statement of operations: | |||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
First | Second Quarter | Third | Fourth Quarter | ||||||||||||||
Quarter | Quarter | ||||||||||||||||
Revenues | $ | 1,917 | $ | 1,972 | $ | 2,118 | $ | 2,148 | |||||||||
Income from operations | $ | 223 | $ | 236 | $ | 220 | $ | 246 | |||||||||
Net income (loss) | $ | (42 | ) | $ | (96 | ) | $ | (70 | ) | $ | 39 | ||||||
Income (loss) per common share: | |||||||||||||||||
Basic | $ | (0.42 | ) | $ | (0.96 | ) | $ | (0.68 | ) | $ | 0.38 | ||||||
Diluted | $ | (0.42 | ) | $ | (0.96 | ) | $ | (0.68 | ) | 0.35 | |||||||
Weighted average common shares | |||||||||||||||||
outstanding: | |||||||||||||||||
Basic | 100,327,418 | 100,600,678 | 102,924,443 | 103,836,535 | |||||||||||||
Diluted | 100,327,418 | 100,600,678 | 102,924,443 | 111,415,982 | |||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
First | Second Quarter | Third | Fourth Quarter | ||||||||||||||
Quarter | Quarter | ||||||||||||||||
Revenues | $ | 1,827 | $ | 1,884 | $ | 1,880 | $ | 1,913 | |||||||||
Income from operations | $ | 230 | $ | 269 | $ | 211 | $ | 206 | |||||||||
Net loss | $ | (94 | ) | $ | (83 | ) | $ | (87 | ) | $ | (40 | ) | |||||
Loss per common share: | |||||||||||||||||
Basic and diluted | $ | (0.95 | ) | $ | (0.84 | ) | $ | (0.87 | ) | $ | (0.41 | ) | |||||
Weighted average common shares | |||||||||||||||||
outstanding: | |||||||||||||||||
Basic and diluted | 99,432,960 | 99,496,755 | 99,694,672 | 100,003,344 | |||||||||||||
Consolidating_Schedules_Tables
Consolidating Schedules (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Condensed Consolidating Balance Sheet | ' | |||||||||||||||||||||||
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 | |||||||||||||||||
Non-controlling 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 Balance Sheet | ||||||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO Holdings | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
CURRENT ASSETS: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 1 | $ | — | $ | — | $ | 6 | $ | — | $ | 7 | ||||||||||||
Restricted cash and cash equivalents | — | — | — | 27 | — | 27 | ||||||||||||||||||
Accounts receivable, net | 1 | 3 | — | 230 | — | 234 | ||||||||||||||||||
Receivables from related party | 59 | 176 | 11 | — | (246 | ) | — | |||||||||||||||||
Prepaid expenses and other current assets | 16 | 8 | — | 38 | — | 62 | ||||||||||||||||||
Total current assets | 77 | 187 | 11 | 301 | (246 | ) | 330 | |||||||||||||||||
INVESTMENT IN CABLE PROPERTIES: | ||||||||||||||||||||||||
Property, plant and equipment, net | — | 32 | — | 7,174 | — | 7,206 | ||||||||||||||||||
Franchises | — | — | — | 5,287 | — | 5,287 | ||||||||||||||||||
Customer relationships, net | — | — | — | 1,424 | — | 1,424 | ||||||||||||||||||
Goodwill | — | — | — | 953 | — | 953 | ||||||||||||||||||
Total investment in cable properties, net | — | 32 | — | 14,838 | — | 14,870 | ||||||||||||||||||
CC VIII PREFERRED INTEREST | 104 | 242 | — | — | (346 | ) | — | |||||||||||||||||
INVESTMENT IN SUBSIDIARIES | 1,081 | 269 | 9,485 | — | (10,835 | ) | — | |||||||||||||||||
LOANS RECEIVABLE – RELATED PARTY | — | 309 | 359 | — | (668 | ) | — | |||||||||||||||||
OTHER NONCURRENT ASSETS | — | 163 | 118 | 115 | — | 396 | ||||||||||||||||||
Total assets | $ | 1,262 | $ | 1,202 | $ | 9,973 | $ | 15,254 | $ | (12,095 | ) | $ | 15,596 | |||||||||||
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY | ||||||||||||||||||||||||
CURRENT LIABILITIES: | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 12 | $ | 121 | $ | 146 | $ | 945 | $ | — | $ | 1,224 | ||||||||||||
Payables to related party | — | — | — | 246 | (246 | ) | — | |||||||||||||||||
Total current liabilities | 12 | 121 | 146 | 1,191 | (246 | ) | 1,224 | |||||||||||||||||
LONG-TERM DEBT | — | — | 9,558 | 3,250 | — | 12,808 | ||||||||||||||||||
LOANS PAYABLE – RELATED PARTY | — | — | — | 668 | (668 | ) | — | |||||||||||||||||
DEFERRED INCOME TAXES | 1,101 | — | — | 220 | — | 1,321 | ||||||||||||||||||
OTHER LONG-TERM LIABILITIES | — | — | — | 94 | — | 94 | ||||||||||||||||||
Shareholders’/Member’s equity | 149 | 1,081 | 269 | 9,485 | (10,835 | ) | 149 | |||||||||||||||||
Non-controlling interest | — | — | — | 346 | (346 | ) | — | |||||||||||||||||
Total shareholders’/member’s equity | 149 | 1,081 | 269 | 9,831 | (11,181 | ) | 149 | |||||||||||||||||
Total liabilities and shareholders’/member’s equity | $ | 1,262 | $ | 1,202 | $ | 9,973 | $ | 15,254 | $ | (12,095 | ) | $ | 15,596 | |||||||||||
Schedule of Condensed Consolidating Statement of Operations | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 22 | $ | 188 | $ | — | $ | 8,155 | $ | (210 | ) | $ | 8,155 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 22 | 188 | — | 5,345 | (210 | ) | 5,345 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,854 | — | 1,854 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 31 | — | 31 | ||||||||||||||||||
22 | 188 | — | 7,230 | (210 | ) | 7,230 | ||||||||||||||||||
Income from operations | — | — | — | 925 | — | 925 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | 8 | (681 | ) | (173 | ) | — | (846 | ) | |||||||||||||||
Loss on extinguishment of debt | — | — | (65 | ) | (58 | ) | — | (123 | ) | |||||||||||||||
Gain on derivative instruments, net | — | — | — | 11 | — | 11 | ||||||||||||||||||
Other expense, net | — | — | — | (16 | ) | — | (16 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (75 | ) | (114 | ) | 632 | — | (443 | ) | — | |||||||||||||||
(75 | ) | (106 | ) | (114 | ) | (236 | ) | (443 | ) | (974 | ) | |||||||||||||
Income (loss) before income taxes | (75 | ) | (106 | ) | (114 | ) | 689 | (443 | ) | (49 | ) | |||||||||||||
INCOME TAX EXPENSE | (108 | ) | (1 | ) | — | (11 | ) | — | (120 | ) | ||||||||||||||
Consolidated net income (loss) | (183 | ) | (107 | ) | (114 | ) | 678 | (443 | ) | (169 | ) | |||||||||||||
Less: Net (income) loss – non-controlling interest | 14 | 32 | — | (46 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (169 | ) | $ | (75 | ) | $ | (114 | ) | $ | 632 | $ | (443 | ) | $ | (169 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 24 | $ | 159 | $ | — | $ | 7,504 | $ | (183 | ) | $ | 7,504 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 24 | 159 | — | 4,860 | (183 | ) | 4,860 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,713 | — | 1,713 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 15 | — | 15 | ||||||||||||||||||
24 | 159 | — | 6,588 | (183 | ) | 6,588 | ||||||||||||||||||
Income from operations | — | — | — | 916 | — | 916 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | (103 | ) | (541 | ) | (263 | ) | — | (907 | ) | ||||||||||||||
Gain (loss) on extinguishment of debt | — | 46 | — | (101 | ) | — | (55 | ) | ||||||||||||||||
Other expense, net | — | — | — | (1 | ) | — | (1 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (63 | ) | (35 | ) | 506 | — | (408 | ) | — | |||||||||||||||
(63 | ) | (92 | ) | (35 | ) | (365 | ) | (408 | ) | (963 | ) | |||||||||||||
Income (loss) before income taxes | (63 | ) | (92 | ) | (35 | ) | 551 | (408 | ) | (47 | ) | |||||||||||||
INCOME TAX EXPENSE | (254 | ) | — | — | (3 | ) | — | (257 | ) | |||||||||||||||
Consolidated net income (loss) | (317 | ) | (92 | ) | (35 | ) | 548 | (408 | ) | (304 | ) | |||||||||||||
Less: Net (income) loss – non-controlling interest | 13 | 29 | — | (42 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (304 | ) | $ | (63 | ) | $ | (35 | ) | $ | 506 | $ | (408 | ) | $ | (304 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Operations | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
REVENUES | $ | 33 | $ | 124 | $ | — | $ | 7,204 | $ | (157 | ) | $ | 7,204 | |||||||||||
COSTS AND EXPENSES: | ||||||||||||||||||||||||
Operating costs and expenses (excluding depreciation and amortization) | 33 | 124 | — | 4,564 | (157 | ) | 4,564 | |||||||||||||||||
Depreciation and amortization | — | — | — | 1,592 | — | 1,592 | ||||||||||||||||||
Other operating expenses, net | — | — | — | 7 | — | 7 | ||||||||||||||||||
33 | 124 | — | 6,163 | (157 | ) | 6,163 | ||||||||||||||||||
Income from operations | — | — | — | 1,041 | — | 1,041 | ||||||||||||||||||
OTHER INCOME AND (EXPENSES): | ||||||||||||||||||||||||
Interest expense, net | — | (191 | ) | (381 | ) | (391 | ) | — | (963 | ) | ||||||||||||||
Loss on extinguishment of debt | — | (6 | ) | — | (137 | ) | — | (143 | ) | |||||||||||||||
Other expense, net | — | — | — | (5 | ) | — | (5 | ) | ||||||||||||||||
Equity in income (loss) of subsidiaries | (87 | ) | 82 | 463 | — | (458 | ) | — | ||||||||||||||||
(87 | ) | (115 | ) | 82 | (533 | ) | (458 | ) | (1,111 | ) | ||||||||||||||
Income (loss) before income taxes | (87 | ) | (115 | ) | 82 | 508 | (458 | ) | (70 | ) | ||||||||||||||
INCOME TAX EXPENSE | (295 | ) | (1 | ) | — | (3 | ) | — | (299 | ) | ||||||||||||||
Consolidated net income (loss) | (382 | ) | (116 | ) | 82 | 505 | (458 | ) | (369 | ) | ||||||||||||||
Less: Net (income) loss – non-controlling interest | 13 | 29 | — | (42 | ) | — | — | |||||||||||||||||
Net income (loss) | $ | (369 | ) | $ | (87 | ) | $ | 82 | $ | 463 | $ | (458 | ) | $ | (369 | ) | ||||||||
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss) | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 678 | $ | (443 | ) | $ | (169 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | 34 | — | 34 | ||||||||||||||||||
Comprehensive income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 712 | $ | (443 | ) | $ | (135 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 548 | $ | (408 | ) | $ | (304 | ) | |||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | (10 | ) | — | (10 | ) | ||||||||||||||||
Comprehensive income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 538 | $ | (408 | ) | $ | (314 | ) | |||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 505 | $ | (458 | ) | $ | (369 | ) | ||||||||
Net impact of interest rate derivative instruments, net of tax | — | — | — | (8 | ) | — | (8 | ) | ||||||||||||||||
Comprehensive income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 497 | $ | (458 | ) | $ | (377 | ) | ||||||||
Schedule of Condensed Consolidating Statement of Cash Flows | ' | |||||||||||||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2013 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (183 | ) | $ | (107 | ) | $ | (114 | ) | $ | 678 | $ | (443 | ) | $ | (169 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,854 | — | 1,854 | ||||||||||||||||||
Noncash interest expense | — | — | 27 | 16 | — | 43 | ||||||||||||||||||
Loss on extinguishment of debt | — | — | 65 | 58 | — | 123 | ||||||||||||||||||
Gain on derivative instruments, net | — | — | — | (11 | ) | — | (11 | ) | ||||||||||||||||
Deferred income taxes | 105 | — | — | 7 | — | 112 | ||||||||||||||||||
Equity in (income) losses of subsidiaries | 75 | 114 | (632 | ) | — | 443 | — | |||||||||||||||||
Other, net | — | — | — | 82 | — | 82 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | (3 | ) | (1 | ) | — | 14 | — | 10 | ||||||||||||||||
Prepaid expenses and other assets | — | 1 | — | (1 | ) | — | — | |||||||||||||||||
Accounts payable, accrued liabilities and other | — | (3 | ) | 41 | 76 | — | 114 | |||||||||||||||||
Receivables from and payables to related party | 5 | (1 | ) | (10 | ) | 6 | — | — | ||||||||||||||||
Net cash flows from operating activities | (1 | ) | 3 | (623 | ) | 2,779 | — | 2,158 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,825 | ) | — | (1,825 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 76 | — | 76 | ||||||||||||||||||
Purchases of cable systems, net | — | — | — | (676 | ) | — | (676 | ) | ||||||||||||||||
Contribution to subsidiary | (89 | ) | (534 | ) | (1,022 | ) | — | 1,645 | — | |||||||||||||||
Distributions from subsidiary | — | 6 | 630 | — | (636 | ) | — | |||||||||||||||||
Other, net | — | 1 | — | (19 | ) | — | (18 | ) | ||||||||||||||||
Net cash flows from investing activities | (89 | ) | (527 | ) | (392 | ) | (2,444 | ) | 1,009 | (2,443 | ) | |||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 2,000 | 4,782 | — | 6,782 | ||||||||||||||||||
Repayments of long-term debt | — | — | (955 | ) | (5,565 | ) | — | (6,520 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | (93 | ) | 93 | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (25 | ) | (25 | ) | — | (50 | ) | |||||||||||||||
Purchase of treasury stock | (15 | ) | — | — | — | — | (15 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 104 | — | — | — | — | 104 | ||||||||||||||||||
Contributions from parent | — | 534 | 89 | 1,022 | (1,645 | ) | — | |||||||||||||||||
Distributions to parent | — | (5 | ) | (1 | ) | (630 | ) | 636 | — | |||||||||||||||
Other, net | — | — | — | (2 | ) | — | (2 | ) | ||||||||||||||||
Net cash flows from financing activities | 89 | 529 | 1,015 | (325 | ) | (1,009 | ) | 299 | ||||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1 | ) | 5 | — | 10 | — | 14 | |||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | 1 | — | — | 6 | — | 7 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | 5 | $ | — | $ | 16 | $ | — | $ | 21 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2012 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (317 | ) | $ | (92 | ) | $ | (35 | ) | $ | 548 | $ | (408 | ) | $ | (304 | ) | |||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,713 | — | 1,713 | ||||||||||||||||||
Noncash interest expense | — | (23 | ) | 18 | 50 | — | 45 | |||||||||||||||||
(Gain) loss on extinguishment of debt | — | (46 | ) | — | 101 | — | 55 | |||||||||||||||||
Deferred income taxes | 252 | — | — | (2 | ) | — | 250 | |||||||||||||||||
Equity in (income) losses of subsidiaries | 63 | 35 | (506 | ) | — | 408 | — | |||||||||||||||||
Other, net | — | — | — | 45 | — | 45 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | (1 | ) | 1 | — | 34 | — | 34 | |||||||||||||||||
Prepaid expenses and other assets | 2 | 8 | — | (18 | ) | — | (8 | ) | ||||||||||||||||
Accounts payable, accrued liabilities and other | — | (87 | ) | 47 | 86 | — | 46 | |||||||||||||||||
Receivables from and payables to related party | (1 | ) | (1 | ) | (11 | ) | 13 | — | — | |||||||||||||||
Net cash flows from operating activities | (2 | ) | (205 | ) | (487 | ) | 2,570 | — | 1,876 | |||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,745 | ) | — | (1,745 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 13 | — | 13 | ||||||||||||||||||
Sales of cable systems, net | — | — | — | 19 | — | 19 | ||||||||||||||||||
Contribution to subsidiary | (14 | ) | (71 | ) | (2,330 | ) | — | 2,415 | — | |||||||||||||||
Distributions from subsidiary | 12 | 1,891 | 2,014 | — | (3,917 | ) | — | |||||||||||||||||
Other, net | — | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||
Net cash flows from investing activities | (2 | ) | 1,820 | (316 | ) | (1,737 | ) | (1,502 | ) | (1,737 | ) | |||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 2,984 | 2,846 | — | 5,830 | ||||||||||||||||||
Repayments of long-term debt | — | (1,621 | ) | — | (4,280 | ) | — | (5,901 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | (314 | ) | 314 | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (39 | ) | (14 | ) | — | (53 | ) | |||||||||||||||
Purchase of treasury stock | (11 | ) | — | — | — | — | (11 | ) | ||||||||||||||||
Proceeds from exercise of options and warrants | 15 | — | — | — | — | 15 | ||||||||||||||||||
Contributions from parent | — | 84 | 1 | 2,330 | (2,415 | ) | — | |||||||||||||||||
Distributions to parent | — | (72 | ) | (1,831 | ) | (2,014 | ) | 3,917 | — | |||||||||||||||
Other, net | 1 | (6 | ) | — | (9 | ) | — | (14 | ) | |||||||||||||||
Net cash flows from financing activities | 5 | (1,615 | ) | 801 | (827 | ) | 1,502 | (134 | ) | |||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1 | — | (2 | ) | 6 | — | 5 | |||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | — | 2 | — | — | 2 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | 1 | $ | — | $ | — | $ | 6 | $ | — | $ | 7 | ||||||||||||
Charter Communications, Inc. | ||||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows | ||||||||||||||||||||||||
For the year ended December 31, 2011 | ||||||||||||||||||||||||
Charter | Intermediate Holding Companies | CCO | Charter Operating and Subsidiaries | Eliminations | Charter Consolidated | |||||||||||||||||||
Holdings | ||||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||||||||||||||
Consolidated net income (loss) | $ | (382 | ) | $ | (116 | ) | $ | 82 | $ | 505 | $ | (458 | ) | $ | (369 | ) | ||||||||
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | — | — | — | 1,592 | — | 1,592 | ||||||||||||||||||
Noncash interest expense | — | (38 | ) | 20 | 52 | — | 34 | |||||||||||||||||
Loss on extinguishment of debt | — | 6 | — | 137 | — | 143 | ||||||||||||||||||
Deferred income taxes | 294 | — | — | (4 | ) | — | 290 | |||||||||||||||||
Equity in (income) losses of subsidiaries | 87 | (82 | ) | (463 | ) | — | 458 | — | ||||||||||||||||
Other, net | — | — | — | 33 | — | 33 | ||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ||||||||||||||||||||||||
Accounts receivable | — | (5 | ) | — | (19 | ) | — | (24 | ) | |||||||||||||||
Prepaid expenses and other assets | 1 | (1 | ) | — | 1 | — | 1 | |||||||||||||||||
Accounts payable, accrued liabilities and other | 1 | (16 | ) | 58 | (6 | ) | — | 37 | ||||||||||||||||
Receivables from and payables to related party | (1 | ) | — | (7 | ) | 8 | — | — | ||||||||||||||||
Net cash flows from operating activities | — | (252 | ) | (310 | ) | 2,299 | — | 1,737 | ||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||||||||||||||
Purchases of property, plant and equipment | — | — | — | (1,311 | ) | — | (1,311 | ) | ||||||||||||||||
Change in accrued expenses related to capital expenditures | — | — | — | 57 | — | 57 | ||||||||||||||||||
Purchases of cable systems, net | — | — | — | (88 | ) | — | (88 | ) | ||||||||||||||||
Contribution to subsidiary | — | — | (2,837 | ) | — | 2,837 | — | |||||||||||||||||
Distributions from subsidiary | 528 | 4,956 | 650 | — | (6,134 | ) | — | |||||||||||||||||
Other, net | — | — | — | (24 | ) | — | (24 | ) | ||||||||||||||||
Net cash flows from investing activities | 528 | 4,956 | (2,187 | ) | (1,366 | ) | (3,297 | ) | (1,366 | ) | ||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||||||||||||||
Borrowings of long-term debt | — | — | 3,640 | 1,849 | — | 5,489 | ||||||||||||||||||
Repayments of long-term debt | — | (332 | ) | — | (4,740 | ) | — | (5,072 | ) | |||||||||||||||
Borrowings (payments) loans payable - related parties | — | — | 223 | (223 | ) | — | — | |||||||||||||||||
Payment for debt issuance costs | — | — | (54 | ) | (8 | ) | — | (62 | ) | |||||||||||||||
Purchase of treasury stock | (533 | ) | (200 | ) | — | — | — | (733 | ) | |||||||||||||||
Proceeds from exercise of options and warrants | 5 | — | — | — | — | 5 | ||||||||||||||||||
Contributions from parent | — | — | — | 2,837 | (2,837 | ) | — | |||||||||||||||||
Distributions to parent | — | (4,173 | ) | (1,311 | ) | (650 | ) | 6,134 | — | |||||||||||||||
Other, net | — | (2 | ) | — | 2 | — | — | |||||||||||||||||
Net cash flows from financing activities | (528 | ) | (4,707 | ) | 2,498 | (933 | ) | 3,297 | (373 | ) | ||||||||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | — | (3 | ) | 1 | — | — | (2 | ) | ||||||||||||||||
CASH AND CASH EQUIVALENTS, beginning of period | — | 3 | 1 | — | — | 4 | ||||||||||||||||||
CASH AND CASH EQUIVALENTS, end of period | $ | — | $ | — | $ | 2 | $ | — | $ | — | $ | 2 | ||||||||||||
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Equity interest in Charter Communications Holding Company, LLC | 100.00% |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Significant Accounting Policies | ' | ' | ' |
Impairment of long-lived assets held-for-use | $0 | $0 | $0 |
Governmental imposed fees passed through to the customer | 263,000,000 | 260,000,000 | 249,000,000 |
Programming fee incentive | 7,000,000 | 6,000,000 | 7,000,000 |
Programming | 2,146,000,000 | 1,965,000,000 | 1,860,000,000 |
Advertising expense | 357,000,000 | 325,000,000 | 285,000,000 |
Stock compensation expense | $48,000,000 | $50,000,000 | $36,000,000 |
Risk free interest rate (percentage) | 1.50% | 1.50% | 2.50% |
Volatility rate (percentage) | 37.80% | 38.40% | 38.40% |
Expected lives (in years) | '6 years 4 months | '6 years 4 months | '6 years 7 months |
Cost of equity (percentage) | 16.20% | 16.20% | 15.50% |
Minimum [Member] | Customer Relationships [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Customer relationships, useful life (in years) | '8 years | ' | ' |
Minimum [Member] | Cable distribution systems [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '7 years | ' | ' |
Minimum [Member] | Customer equipment and installations [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '4 years | ' | ' |
Minimum [Member] | Vehicles and equipment [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '1 year | ' | ' |
Minimum [Member] | Buildings and leashold improvements [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '15 years | ' | ' |
Minimum [Member] | Furniture, fixtures and equipment [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '6 years | ' | ' |
Maximum [Member] | Customer Relationships [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Customer relationships, useful life (in years) | '15 years | ' | ' |
Maximum [Member] | Cable distribution systems [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '20 years | ' | ' |
Maximum [Member] | Customer equipment and installations [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '8 years | ' | ' |
Maximum [Member] | Vehicles and equipment [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '6 years | ' | ' |
Maximum [Member] | Buildings and leashold improvements [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '40 years | ' | ' |
Maximum [Member] | Furniture, fixtures and equipment [Member] | ' | ' | ' |
Significant Accounting Policies | ' | ' | ' |
Property, plant and equipment, useful life (in years) | '10 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Revenue By Product Line) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $2,148 | $2,118 | $1,972 | $1,917 | $1,913 | $1,880 | $1,884 | $1,827 | $8,155 | $7,504 | $7,204 |
Video [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 4,030 | 3,639 | 3,639 |
Internet [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 2,186 | 1,866 | 1,708 |
Voice [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 644 | 828 | 858 |
Commercial [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 822 | 658 | 544 |
Advertising sales [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 291 | 334 | 292 |
Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product Information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | $182 | $179 | $163 |
Acquisition_of_Bresnan_Details
Acquisition of Bresnan (Details) (USD $) | 12 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 31, 2013 |
Business Acquisition [Line Items] | ' | ' | ' |
Goodwill | $1,177 | $953 | ' |
Principal Amount, senior notes | 14,248 | 12,937 | ' |
Bresnan [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Purchase price | ' | ' | 1,625 |
Acquisition related costs | ' | ' | 16 |
Bresnan debt assumed (including accrued interest) | ' | ' | -962 |
Working capital adjustment | ' | ' | 13 |
Cash purchase price, net of cash acquired | ' | ' | 676 |
Property, plant, and equipment | ' | ' | 515 |
Franchises | ' | ' | 722 |
Customer relationships | ' | ' | 249 |
Goodwill | ' | ' | 224 |
Other noncurrent assets | ' | ' | 4 |
Current assets | ' | ' | 16 |
Current liabilities | ' | ' | -69 |
Long-term debt (including accrued interest) | ' | ' | -985 |
Revenue of acquiree since acquisition date | 270 | ' | ' |
Net loss of acquiree since acquisition date | 17 | ' | ' |
Pro forma revenues | 8,419 | 8,017 | ' |
Pro forma net loss | -194 | -392 | ' |
Pro forma loss per common share, basic and diluted (in dollars per share) | ($1.90) | ($3.93) | ' |
Charter Operating [Member] | Term Loan E [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Principal Amount, credit facilities | 1,500 | ' | 1,500 |
Bresnan [Member] | Bresnan credit facility [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Principal Amount, credit facilities | ' | ' | 711 |
Bresnan [Member] | 8.00% senior notes due 2018 [Member] | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' |
Principal Amount, senior notes | ' | ' | 250 |
Stated interest rate (percentage) | ' | ' | 8.00% |
Long-term Debt, Fair Value | ' | ' | 274 |
Tender Premium | ' | ' | $23 |
Allowance_for_Doubtful_Account2
Allowance for Doubtful Accounts (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ' | ' | ' |
Balance, beginning of period | $14 | $16 | $17 |
Charged to expense | 101 | 105 | 117 |
Uncollected balances written off, net of recoveries | -96 | -107 | -118 |
Balance, end of period | $19 | $14 | $16 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | $12,768,000,000 | $10,769,000,000 | ' |
Less: accumulated depreciation | -4,787,000,000 | -3,563,000,000 | ' |
Property, Plant and Equipment, Net | 7,981,000,000 | 7,206,000,000 | ' |
Depreciation | 1,600,000,000 | 1,400,000,000 | 1,300,000,000 |
Property, Plant and Equipment, Additions | 515,000,000 | ' | ' |
Cable distributions systems [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | 7,556,000,000 | 6,588,000,000 | ' |
Customer equipment and installations [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | 4,061,000,000 | 3,292,000,000 | ' |
Vehicles and equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | 270,000,000 | 195,000,000 | ' |
Buildings and leasehold improvements [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | 425,000,000 | 342,000,000 | ' |
Furniture, fixtures and equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Gross | $456,000,000 | $352,000,000 | ' |
Franchises_Goodwill_and_Other_2
Franchises, Goodwill and Other Intangible Assets Indefinite and Finite-Lived Intangibles (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Goodwill | $1,177 | $953 |
Total indefinite lived intangible assets | 7,348 | 6,398 |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 2,747 | 2,473 |
Accumulated amortization | 1,272 | 973 |
Net carrying amount | 1,475 | 1,500 |
Customer Relationships [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 2,617 | 2,368 |
Accumulated amortization | 1,228 | 944 |
Net carrying amount | 1,389 | 1,424 |
Finite-lived Intangible Assets Acquired | 249 | ' |
Other Intangible Assets [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Gross carrying amount | 130 | 105 |
Accumulated amortization | 44 | 29 |
Net carrying amount | 86 | 76 |
Franchises [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Indefinite lived intangible assets, gross | 6,009 | 5,287 |
Indefinite-lived Intangible Assets Acquired | 722 | ' |
Goodwill [Member] | ' | ' |
Indefinite-lived intangible assets: [Abstract] | ' | ' |
Goodwill | 1,177 | 953 |
Indefinite-lived Intangible Assets Acquired | 224 | ' |
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 | $0 |
Maximum [Member] | Customer Relationships [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Customer relationships, useful life (in years) | '15 years | ' |
Minimum [Member] | Customer Relationships [Member] | ' | ' |
Finite-lived intangible assets [Abstract] | ' | ' |
Customer relationships, useful life (in years) | '8 years | ' |
Franchises_Goodwill_and_Other_3
Franchises, Goodwill and Other Intangible Assets Other Intangible Assets Amortization Expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Finite-lived intangible assets, amortization expense | $299 | $293 | $315 |
Future_Amortization_Expense_De
Future Amortization Expense (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' |
2014 | $298 | ' |
2015 | 264 | ' |
2016 | 231 | ' |
2017 | 197 | ' |
2018 | 162 | ' |
Thereafter | 323 | ' |
Net carrying amount | $1,475 | $1,500 |
Accounts_Payable_and_Accrued_L2
Accounts Payable and Accrued Liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accounts Payable and Accrued Liabilities, Current [Abstract] | ' | ' |
Accounts payable - trade | $91 | $107 |
Accrued capital expenditures | 235 | 156 |
Deferred revenue | 90 | 81 |
Accrued liabilities: | ' | ' |
Interest | 195 | 155 |
Programming costs | 379 | 323 |
Franchise related fees | 62 | 52 |
Compensation | 156 | 145 |
Other | 259 | 205 |
Total | $1,467 | $1,224 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 1 Months Ended | 2 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | 2 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31-May-13 | Apr. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | 31-May-11 | Jan. 31, 2011 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | 31-May-11 | Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 31, 2012 | Dec. 31, 2011 | Aug. 31, 2011 | Apr. 30, 2004 | Mar. 31, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2008 | Nov. 30, 2012 | Oct. 31, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | Nov. 30, 2012 | Nov. 30, 2009 | Dec. 31, 2013 | Mar. 31, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 31, 2013 | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2012 | Apr. 30, 2012 | Jul. 31, 2013 | Jul. 31, 2013 | 31-May-13 | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [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] | 7.875% senior notes due April 30, 2018 [Member] | 7.875% senior notes due April 30, 2018 [Member] | 7.875% senior notes due April 30, 2018 [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] | CCO Holdings Credit facility due September 6, 2014 [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] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | 8.000% senior second-lien notes due April 30, 2012 [Member] | 8.000% senior second-lien notes due April 30, 2012 [Member] | 8.000% senior second-lien notes due April 30, 2012 [Member] | 8.000% senior second-lien notes due April 30, 2012 [Member] | 10.875% senior second lien notes due September 15, 2014 [Member] | 10.875% senior second lien notes due September 15, 2014 [Member] | 10.875% senior second lien notes due September 15, 2014 [Member] | 10.875% senior second lien notes due September 15, 2014 [Member] | 13.500% senior notes due November 30, 2016 [Member] | 13.500% senior notes due November 30, 2016 [Member] | 13.500% senior notes due November 30, 2016 [Member] | 13.500% senior notes due November 30, 2016 [Member] | 13.500% senior notes due November 30, 2016 [Member] | 13.500% senior notes due November 30, 2016 [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan D [Member] | Revolving credit facility due 2015 [Member] | Revolving credit facility due 2017 [Member] | Revolving Loan due 2018 [Member] | Revolving Loan due 2018 [Member] | Term Loan E [Member] | Term Loan E [Member] | Term Loan F [Member] | Term Loan F [Member] | Senior Notes Payable [Member] | Senior Notes Payable [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Consolidated leverage ratio [Member] | Consolidated leverage ratio [Member] | Consolidated first lien leverage ratio [Member] | Consolidated first lien leverage ratio [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] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | CCH II [Member] | CCH II [Member] | CCH II [Member] | CCH II [Member] | CCH II [Member] | CCH II [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | CCO Holdings [Member] | CCO Holdings [Member] | CCO Holdings Credit facility due September 6, 2014 [Member] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | Term Loan A [Member] | Term Loan D [Member] | Term Loan D [Member] | Revolving credit facility due 2017 [Member] | Term Loan E [Member] | Term Loan E [Member] | Term Loan F [Member] | Term Loan F [Member] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | Charter Operating Credit Facilities [Member] | |||||||||||||||||
Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | CCO Holdings [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | Charter Operating [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Amount, senior notes | ' | ' | ' | $12,937,000,000 | ' | ' | ' | ' | ' | ' | $14,248,000,000 | $12,937,000,000 | ' | ' | ' | ' | $1,000,000,000 | $1,000,000,000 | ' | $0 | $900,000,000 | ' | $1,400,000,000 | $1,400,000,000 | $1,400,000,000 | $700,000,000 | $700,000,000 | ' | $750,000,000 | $750,000,000 | $750,000,000 | $500,000,000 | $500,000,000 | $0 | $1,500,000,000 | $1,500,000,000 | $1,500,000,000 | $750,000,000 | $750,000,000 | $750,000,000 | $1,250,000,000 | $1,250,000,000 | $1,250,000,000 | $1,000,000,000 | $1,000,000,000 | $500,000,000 | $500,000,000 | $0 | $1,000,000,000 | $1,000,000,000 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accreted Value | ' | ' | ' | 12,808,000,000 | ' | ' | ' | ' | ' | ' | 14,181,000,000 | 12,808,000,000 | ' | 10,671,000,000 | 9,558,000,000 | ' | 1,000,000,000 | 1,000,000,000 | ' | 0 | 900,000,000 | ' | 1,393,000,000 | 1,392,000,000 | ' | 700,000,000 | 700,000,000 | ' | 750,000,000 | 750,000,000 | ' | 500,000,000 | ' | 0 | 1,500,000,000 | 1,500,000,000 | ' | 747,000,000 | 746,000,000 | ' | 1,239,000,000 | 1,238,000,000 | ' | 1,000,000,000 | 1,000,000,000 | 500,000,000 | ' | 0 | 1,000,000,000 | ' | 0 | 342,000,000 | 332,000,000 | ' | ' | ' | 3,510,000,000 | ' | 3,250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal Amount, credit facilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000,000 | 350,000,000 | ' | ' | ' | 3,548,000,000 | ' | 3,337,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 722,000,000 | 500,000,000 | 500,000,000 | 250,000,000 | 750,000,000 | ' | ' | ' | 140,000,000 | 1,500,000,000 | 1,500,000,000 | 1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Facility Availability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage (percentage) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.25% | ' | ' | 7.88% | ' | ' | 7.00% | ' | ' | 8.13% | ' | ' | 7.38% | ' | 5.25% | ' | ' | ' | 6.50% | ' | ' | 6.63% | ' | ' | 5.25% | ' | 5.13% | ' | 5.75% | ' | ' | 5.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | 10.88% | ' | ' | ' | ' | ' | 13.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on extinguishment of debt | -14,000,000 | -2,000,000 | -42,000,000 | -33,000,000 | -59,000,000 | -15,000,000 | -19,000,000 | -53,000,000 | -67,000,000 | -65,000,000 | -123,000,000 | -55,000,000 | -143,000,000 | -65,000,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extinguishment of Debt, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 | 407,000,000 | 193,000,000 | ' | 18,000,000 | 294,000,000 | 234,000,000 | ' | 468,000,000 | 678,000,000 | 334,000,000 | 286,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Discount, Percentage of Principal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.50% | ' | ' | 99.03% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.50% | ' | ' | ' | ' | ' | 99.50% | ' | 99.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption, Percent of Principal Amount Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Maximum Redemption Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Premium Percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Premium, Percentage of Principal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106.75% | 108.52% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,520,000,000 | 5,901,000,000 | 5,072,000,000 | 955,000,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 199,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.17% | 0.17% | 0.22% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | 2.00% | 3.00% | ' | 2.25% | 2.25% | ' | 2.25% | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000,000 | ' | 1,300,000,000 | 1,150,000,000 | 1,300,000,000 | 1,300,000,000 | ' | 1,500,000,000 | ' | 1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Libor Floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | 0.75% | ' | 0.75% | ' | ' | ' | ' |
Debt Instrument Leverage Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.5 | 1 | ' | ' | ' | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | 1 | 4 | 1 |
Change of control threshold for voting stock in event of debt default | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | 12,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Each of Next Twelve Months and Year Two | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instruments, Maximum Incremental Term Loan Borrowings Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Debt Default, Minimum Principal Amount, Failure Pay By Entity Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 414,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Two | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, maturities, repayments of principal in year three | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Four | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,102,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Maturities, Repayments of Principal in Year Five | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 673,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, maturities, repayments of principal after year five | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11,901,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury_Stock_Details
Treasury Stock (Details) (USD $) | 12 Months Ended | 1 Months Ended | 5 Months Ended | 12 Months Ended | 3 Months Ended | 1 Months Ended | ||||||||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Jan. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2011 | Jan. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 |
Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | Class A Common Stock [Member] | ||||
Income Tax Withholding [Member] | Income Tax Withholding [Member] | Income Tax Withholding [Member] | Franklin Advisers, Inc. [Member] | Shareholder [Member] | Shareholder [Member] | Oaktree Capital Management [Member] | Apollo Management Holdings [Member] | |||||||||
Equity, Class of Treasury Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares purchased (in shares) | ' | ' | ' | 49,332 | 4,100,000 | 150,258 | 178,749 | 14,608,564 | ' | ' | ' | 4,500,000 | 49,332 | 700,668 | 3,000,000 | 2,200,000 |
Price per share paid (in dollars per share) | ' | ' | ' | ' | $48.48 | ' | ' | ' | ' | ' | ' | $46.10 | ' | $55.18 | $54.35 | $54.35 |
Total consideration of stock purchase | $15 | $11 | $733 | ' | $200 | ' | ' | ' | $15 | $9 | $7 | $207 | ' | $41 | $163 | $117 |
Treasury stock, shares, acquired but not yet received (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000 | ' | ' |
Shares withheld in payment of income tax withholding owed by employees (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 150,258 | 129,417 | 141,175 | ' | ' | ' | ' | ' |
Treasury Stock, Shares, Retired (in shares) | ' | ' | ' | ' | ' | 150,258 | 129,417 | 14,800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Common_Stock_Details
Common Stock (Details) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Class A Common Stock [Member] | ' | ' |
Common Stock [Line Items] | ' | ' |
Votes per share (in votes) | '1 | ' |
Stock issuances from exercise of warrants (in shares) | 4,481,656 | 179,850 |
Proceeds from Warrant Exercises | $76 | ' |
Class A Common Stock, Exercise Price $46.86 [Member] | ' | ' |
Common Stock [Line Items] | ' | ' |
Warrants outstanding (in shares) | 5,100,000 | ' |
Warrant exercise price (in dollars per share) | 46.86 | ' |
Class A Common Stock, Exercise Price $51.28 [Member] | ' | ' |
Common Stock [Line Items] | ' | ' |
Warrants outstanding (in shares) | 800,000 | ' |
Warrant exercise price (in dollars per share) | 51.28 | ' |
Class A Common Stock, Exercise Price $19.80 [Member] | ' | ' |
Common Stock [Line Items] | ' | ' |
Warrants outstanding (in shares) | 800,000 | ' |
Warrant exercise price (in dollars per share) | 19.8 | ' |
Class B Common Stock [Member] | ' | ' |
Common Stock [Line Items] | ' | ' |
Common stock voting interest (percentage) | 35.00% | ' |
Stock issuances from exercise of warrants (in shares) | 0 | 0 |
Common_Stock_Activity_Details
Common Stock Activity (Details) | 1 Months Ended | 5 Months Ended | 12 Months Ended | ||
Jan. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Class A Common Stock [Member] | ' | ' | ' | ' | ' |
Common Stock [Roll Forward] | ' | ' | ' | ' | ' |
BALANCE | 100,570,418 | ' | 101,176,247 | 100,570,418 | 112,317,691 |
Conversion of Class B common stock into Class A | ' | ' | ' | ' | 2,241,299 |
Restricted Stock issuances, net of cancellations | ' | ' | 4,879 | 182,537 | 472,099 |
Option exercises | ' | ' | 543,221 | 370,715 | 140,893 |
Stock issuance pursuant to employment agreements | ' | ' | ' | ' | 7,000 |
Stock issuances from exercise of warrants | ' | ' | 4,481,656 | 179,850 | ' |
Restricted stock unit vesting | ' | ' | 88,330 | 51,476 | ' |
Purchase of treasury stock (see Note 9) | -49,332 | -4,100,000 | -150,258 | -178,749 | -14,608,564 |
BALANCE | ' | 100,570,418 | 106,144,075 | 101,176,247 | 100,570,418 |
Class B Common Stock [Member] | ' | ' | ' | ' | ' |
Common Stock [Roll Forward] | ' | ' | ' | ' | ' |
BALANCE | 0 | ' | 0 | 0 | 2,241,299 |
Conversion of Class B common stock into Class A | ' | ' | ' | ' | -2,241,299 |
Restricted Stock issuances, net of cancellations | ' | ' | 0 | 0 | 0 |
Option exercises | ' | ' | 0 | 0 | 0 |
Stock issuance pursuant to employment agreements | ' | ' | ' | ' | 0 |
Stock issuances from exercise of warrants | ' | ' | 0 | 0 | ' |
Restricted stock unit vesting | ' | ' | 0 | 0 | ' |
Purchase of treasury stock (see Note 9) | ' | ' | 0 | 0 | 0 |
BALANCE | ' | 0 | 0 | 0 | 0 |
Derivative_instruments_effect_
Derivative instruments effect on the Company's consolidated balance sheets (Details) (Interest Rate Swap [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Other long-term liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives designated as hedges | $0 | $67 |
Other long-term liabilities [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | 22 | 0 |
Accrued interest [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives designated as hedges | 0 | 8 |
Accrued interest [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | 8 | 0 |
Accumulated other comprehensive loss [Member] | Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives designated as hedges | 0 | -75 |
Accumulated other comprehensive loss [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Fair value of interest rate derivatives not designated as hedges | ($41) | $0 |
Derivative_instruments_effect_1
Derivative instruments effect on the Company's consolidated statement of operations (Details) (Interest Rate Swap [Member], Cash Flow Hedging [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Gain (loss) on derivative instruments, net [Member] | ' | ' | ' |
Derivatives, Gain (Loss) [Line Items] | ' | ' | ' |
Change in fair value of interest rate derivative instruments not designated as cash flow hedges | $38 | $0 | $0 |
Loss reclassified from accumulated other comprehensive loss into earnings | -27 | 0 | 0 |
Interest Expense [Member] | ' | ' | ' |
Derivatives, Gain (Loss) [Line Items] | ' | ' | ' |
Loss reclassified from accumulated other comprehensive loss into earnings | ($10) | ($36) | ($39) |
Accounting_for_Derivative_Inst2
Accounting for Derivative Instruments and Hedging Activities (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Cash Flow Hedge Loss to be Reclassified within Twelve Months | $19,000,000 | ' |
Derivative, Notional Amount | 2,200,000,000 | 3,100,000,000 |
Delayed start interest rate derivative instruments | 550,000,000 | ' |
Notional amount of currently effective interest rate swaps | $1,700,000,000 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | $14,181 | $12,808 |
Weighted average pay rate for the Company's interest rate swap agreements (percentage) | 2.17% | 2.25% |
CCO Holdings debt [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | 10,329 | 9,226 |
Credit facilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Carrying Value | 3,852 | 3,582 |
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 | 10,384 | 9,933 |
Fair Value, Inputs, Level 1 [Member] | Credit facilities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value | 3,848 | 3,695 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Interest Rate Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value | 30 | ' |
Interest rate derivatives designated as hedges | ' | $75 |
Operating_Costs_and_Expenses_D
Operating Costs and Expenses (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Costs and Expenses [Abstract] | ' | ' | ' |
Programming | $2,146 | $1,965 | $1,860 |
Franchise, Regulatory and Connectivity | 399 | 383 | 371 |
Cost to Service Customers | 1,514 | 1,363 | 1,268 |
Marketing | 479 | 422 | 387 |
Other | 807 | 727 | 678 |
Operating costs and expenses | $5,345 | $4,860 | $4,564 |
Other_Operating_Expenses_Net_D
Other Operating Expenses, Net (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Income and Expenses [Abstract] | ' | ' | ' |
(Gain)/loss on sale of assets, net | $8 | ($5) | ($4) |
Special charges, net | 23 | 20 | 11 |
Other Operating Expenses, Net | $31 | $15 | $7 |
Stock_Compensation_Plans_Stock
Stock Compensation Plans Stock Compensation Plan - Other Disclosures (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number of shares authorized under 2009 Stock Incentive Plan (in shares) | 14 | ' | ' |
Stock compensation expense | $48 | $50 | $36 |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expiration period, options (in years) | '10 years | ' | ' |
Total compensation cost not yet recognized | 34 | ' | ' |
Total compensation cost not yet recognized, period for recognition (in years) | '2 years | ' | ' |
Stock Options [Member] | Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '4 years | ' | ' |
Stock Options [Member] | Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '3 years | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total compensation cost not yet recognized | 18 | ' | ' |
Total compensation cost not yet recognized, period for recognition (in years) | '2 years | ' | ' |
Restricted Stock [Member] | Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '4 years | ' | ' |
Restricted Stock [Member] | Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '1 year | ' | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Total compensation cost not yet recognized | $18 | ' | ' |
Total compensation cost not yet recognized, period for recognition (in years) | '3 years | ' | ' |
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '4 years | ' | ' |
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Award vesting period (in years) | '3 years | ' | ' |
Activity_for_the_Companys_stoc
Activity for the Company's stock options (Details) (Stock Options [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Options [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Outstanding, beginning of period, shares | 3,552,000 | 4,018,000 | 1,431,000 |
Outstanding, beginning of period, weighted average exercise price | $54.35 | $49.53 | $35.12 |
Granted, shares | 276,000 | 813,000 | 3,042,000 |
Granted, weighted average exercise price | $108.89 | $69 | $54.30 |
Exercised, shares | -543,000 | -371,000 | -141,000 |
Exercised, weighted average exercise price | $51.22 | $40.57 | $35.38 |
Canceled, shares | -143,000 | -908,000 | -314,000 |
Canceled, weighted average exercise price | $50.54 | $51.74 | $36.40 |
Outstanding, end of period, shares | 3,142,000 | 3,552,000 | 4,018,000 |
Outstanding, end of period, weighted average exercise price | $59.86 | $54.35 | $49.53 |
Weighted average remaining contractual life (in years) | '7 years | '8 years | '9 years |
Options exercisable, end of period, shares | 1,128,000 | 469,000 | 189,000 |
Options exercisable, end of period, weighted average exercise price | $52.07 | $46.23 | $34.92 |
Weighted average fair value of options granted | $41.52 | $28.17 | $23.03 |
Stock_Compensation_Plans_Activ
Stock Compensation Plans Activity for the Company's restricted stock and restricted stock units (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' |
Outstanding, beginning of period, shares | 928,000 | 1,115,000 | 1,081,000 |
Outstanding, beginning of period, weighted average grant price | $54.16 | $45.72 | $34.81 |
Granted, shares | 13,000 | 244,000 | 669,000 |
Granted, weighted average grant price | $101.81 | $60.48 | $53.16 |
Vested, shares | -280,000 | -370,000 | -438,000 |
Vested, weighted average grant price | $51.62 | $36.02 | $34.98 |
Canceled, shares | -8,000 | -61,000 | -197,000 |
Canceled, weighted average grant price | $56.50 | $35.25 | $34.98 |
Outstanding, end of period, shares | 653,000 | 928,000 | 1,115,000 |
Outstanding, end of period, weighted average grant price | $56.14 | $54.16 | $45.72 |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' | ' |
Outstanding, beginning of period, shares | 327,000 | 273,000 | 0 |
Outstanding, beginning of period, weighted average grant price | $61.79 | $54.86 | $0 |
Granted, shares | 73,000 | 142,000 | 276,000 |
Granted, weighted average grant price | $109.96 | $71.33 | $54.87 |
Vested, shares | -88,000 | -52,000 | 0 |
Vested, weighted average grant price | $61.17 | $56.59 | $0 |
Canceled, shares | -24,000 | -36,000 | -3,000 |
Canceled, weighted average grant price | $55.28 | $54.47 | $55.12 |
Outstanding, end of period, shares | 288,000 | 327,000 | 273,000 |
Outstanding, end of period, weighted average grant price | $74.73 | $61.79 | $54.86 |
Income_Taxes_Current_and_defer
Income Taxes - Current and deferred income tax expense (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current expense: | ' | ' | ' |
Federal income taxes | ($1) | $0 | $0 |
State income taxes | -7 | -7 | -9 |
Current income tax expense | -8 | -7 | -9 |
Deferred expense: | ' | ' | ' |
Federal income taxes | -101 | -223 | -258 |
State income taxes | -11 | -27 | -32 |
Deferred income tax expense | -112 | -250 | -290 |
Income tax expense | ($120) | ($257) | ($299) |
Income_Taxes_Effective_tax_rat
Income Taxes - Effective tax rate differences from the applicable federal rate (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax [Line Items] | ' | ' | ' |
Federal income tax rate | 35.00% | 35.00% | 35.00% |
Statutory federal income taxes | $17 | $17 | $24 |
Statutory state income taxes, net | -7 | -7 | -9 |
Nondeductible expenses | -3 | -6 | -5 |
Change in valuation allowance | -127 | -264 | -312 |
State rate changes | 4 | 0 | 0 |
Other | -4 | 3 | 3 |
Income tax expense | -120 | -257 | -299 |
Cash Flow Hedging [Member] | ' | ' | ' |
Income Tax [Line Items] | ' | ' | ' |
Change in valuation allowance | ' | $4 | $3 |
Income_Taxes_Deferred_tax_asse
Income Taxes - Deferred tax assets and liabilities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Goodwill | $274 | $199 |
Investment in partnership | 289 | 448 |
Loss carryforwards | 3,170 | 2,943 |
Other intangibles | 48 | 0 |
Accrued and other | 112 | 135 |
Total gross deferred tax assets | 3,893 | 3,725 |
Less: valuation allowance | -2,961 | -2,851 |
Deferred tax assets | 932 | 874 |
Indefinite life intangibles | -1,205 | -1,094 |
Other intangibles | 0 | -256 |
Property, plant and equipment | -901 | -575 |
Deferred tax liabilities | -2,347 | -2,177 |
Net deferred tax liabilities | -1,415 | -1,303 |
Indirect corporate subsidiaries [Member] | ' | ' |
Components of Deferred Tax Assets and Liabilities [Abstract] | ' | ' |
Indefinite life intangibles | -122 | -120 |
Other | ($119) | ($132) |
Income_Taxes_Textuals_Details
Income Taxes - Textuals (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Repayment of Charter Operating Credit Facility [Member] | Federal income taxes | State income taxes [Member] | Charter Holdco Subsidiaries [Member] | Charter Holdco Subsidiaries [Member] | Restrictions expire in 2014 [Member] | Restrictions expire in 2015 [Member] | Restrictions expire in 2016 [Member] | Restrictions expire in 2017 and thereafter [Member] | Liberty Media [Member] | Partnership Restructuring [Member] | Restricted [Member] | Unrestricted [Member] | Tax benefit to be recorded through equity when realized as a reduction of income tax payable [Member] | ||||
Income Tax Contingency [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Deferred Tax Liabilities | ($137) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Income Tax Expense (Benefit) | 112 | 250 | 290 | 101 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36 | ' | ' | ' |
Step-up in tax basis, intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 405 | ' | ' | ' |
Deferred Tax Assets, Net, Current | 16 | 18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net deferred tax liabilities | 1,415 | 1,303 | ' | ' | ' | ' | 226 | 219 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 8,300 | ' | ' | ' | ' | ' | ' | ' | 2,000 | 2,000 | 400 | 226 | ' | ' | 6,200 | 2,100 | 63 |
Deferred tax assets subject to expiration | ' | ' | ' | ' | 2,900 | 276 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage (percentage) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27.00% | ' | ' | ' | ' |
Operating and Capital Loss Carryforward Restriction Expiration Period | '8 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits, Period Increase (Decrease) | ($202) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of unrecognized tax benefits (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] | ' | ' |
Unrecognized tax benefits, period start | $202 | $228 |
Additions based on tax positions related to prior year | 0 | 1 |
Reductions due to tax positions related to prior year | -202 | -27 |
Unrecognized tax benefits, period end | $0 | $202 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||
Share data in Millions, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 31-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | 31-May-13 |
Liberty Media [Member] | Liberty Interactive [Member] | Maximum [Member] | Maximum [Member] | ||||
Liberty Media [Member] | |||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Related Party Transaction, Expenses from Transactions with Related Party | $305,000,000 | $247,000,000 | $249,000,000 | ' | ' | ' | ' |
Number of shares acquired from beneficial owners (in shares) | ' | ' | ' | 26.9 | ' | ' | ' |
Number of warrants acquired from beneficial owners (in warrants) | ' | ' | ' | 1.1 | ' | ' | ' |
Amount paid for interest in Charter | ' | ' | ' | 2,600,000,000 | ' | ' | ' |
Equity Method Investment, Ownership Percentage (percentage) | ' | ' | ' | 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, a member of Charter's board of directors, voting interest in Liberty Interactive Corp. (percentage) | ' | ' | ' | ' | 34.50% | ' | ' |
Liberty Interactive Corp.'s ownership percentage in HSN, Inc. (percentage) | ' | ' | ' | ' | 36.90% | ' | ' |
Percent of board members Liberty Interactive Corp. can elect to HSN Inc.'s board (percentage) | ' | ' | ' | ' | 20.00% | ' | ' |
Related Party Transaction, Amounts of Transaction | ' | ' | ' | ' | $10,000,000 | ' | ' |
Dr. John Malone's, a member of Charter's board of directors, ownership percentage in Discovery Communications, Inc. (percentage) | 4.30% | ' | ' | ' | ' | ' | ' |
Dr. John Malone's, a member of Charter's board of directors, voting interest in Discovery Communications, Inc. for election of directors (percentage) | 29.20% | ' | ' | ' | ' | ' | ' |
Dr. John Malone's, a member of Charter's board of directors, ownership percentage in Starz (percentage) | 9.20% | ' | ' | ' | ' | ' | ' |
Dr. John Malone's, a member of Charter's board of directors, voting interest in Starz (percentage) | 42.80% | ' | ' | ' | ' | ' | ' |
Percent of total operating costs and expenses paid to Discovery and Starz (percentage) | ' | ' | ' | ' | ' | 3.00% | ' |
Minimum percentage of stock held by funds at time of repurchase (percentage) | ' | ' | 10.00% | ' | ' | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies (Schedule of Company Payment Obligations) (Details) (USD $) | Dec. 31, 2013 | |
In Millions, unless otherwise specified | ||
Contractual Obligation [Line Items] | ' | |
Contractual Obligations | $1,668 | |
Contractual Obligation, Due 2014 | 797 | |
Contractual Obligation, Due 2015 | 288 | |
Contractual Obligation, Due 2016 | 270 | |
Contractual Obligation, Due 2017 | 258 | |
Contractual Obligation, Due 2018 | 22 | |
Contractual Obligation, Due Thereafter | 33 | |
Capital and Operating Lease Obligations [Member] | ' | |
Contractual Obligation [Line Items] | ' | |
Contractual Obligations | 136 | [1] |
Contractual Obligation, Due 2014 | 35 | [1] |
Contractual Obligation, Due 2015 | 30 | [1] |
Contractual Obligation, Due 2016 | 26 | [1] |
Contractual Obligation, Due 2017 | 22 | [1] |
Contractual Obligation, Due 2018 | 13 | [1] |
Contractual Obligation, Due Thereafter | 10 | [1] |
Programming Minimum Commitments [Member] | ' | |
Contractual Obligation [Line Items] | ' | |
Contractual Obligations | 970 | [2] |
Contractual Obligation, Due 2014 | 227 | [2] |
Contractual Obligation, Due 2015 | 236 | [2] |
Contractual Obligation, Due 2016 | 239 | [2] |
Contractual Obligation, Due 2017 | 236 | [2] |
Contractual Obligation, Due 2018 | 9 | [2] |
Contractual Obligation, Due Thereafter | 23 | [2] |
Other [Member] | ' | |
Contractual Obligation [Line Items] | ' | |
Contractual Obligations | 562 | [3] |
Contractual Obligation, Due 2014 | 535 | [3] |
Contractual Obligation, Due 2015 | 22 | [3] |
Contractual Obligation, Due 2016 | 5 | [3] |
Contractual Obligation, Due 2017 | 0 | [3] |
Contractual Obligation, Due 2018 | 0 | [3] |
Contractual Obligation, Due Thereafter | $0 | [3] |
[1] | The Company leases certain facilities and equipment under non-cancelable operating leases. Leases and rental costs charged to expense for the years ended DecemberB 31, 2013, 2012 and 2011 were $34 million, $28 million, $27 million, respectively. | |
[2] | The Company pays programming fees under multi-year contracts ranging from three to ten years, typically based on a flat fee per customer, which may be fixed for the term, or may in some cases escalate over the term. Programming costs included in the accompanying statement of operations were $2.1 billion, $2.0 billion and $1.9 billion for the years ended DecemberB 31, 2013, 2012, and 2011 respectively. Certain of the Companybs programming agreements are based on a flat fee per month or have guaranteed minimum payments. The table sets forth the aggregate guaranteed minimum commitments under the Companybs programming contracts. | |
[3] | bOtherb represents other guaranteed minimum commitments, which consist primarily of commitments to the Company's customer premise equipment vendors. |
Commitments_and_Contingencies_3
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Programming | $2,146 | $1,965 | $1,860 |
Franchise fees and other franchise-related costs | 190 | 176 | 174 |
Letters of credit, amount | 73 | ' | ' |
Minimum [Member] | ' | ' | ' |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Programming fee term (in years) | '3 years | ' | ' |
Maximum [Member] | ' | ' | ' |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Programming fee term (in years) | '10 years | ' | ' |
Operating Leases and Rentals [Member] | ' | ' | ' |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Lease and rental costs charged to expense | 34 | 28 | 27 |
Utility Pole Rental Agreement [Member] | ' | ' | ' |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Lease and rental costs charged to expense | $49 | $47 | $49 |
Commitments_and_Contingencies_4
Commitments and Contingencies Commitments and Contingencies (Litigation) (Details) (Montana Department of Revenue [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 | 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% | ' | ' | ' |
Disputed Property Tax Protest Payments Held In Escrow | ' | $9 | $11 | $5 |
Disputed Property Tax Protest Payments 2007-2009 | 16 | ' | ' | ' |
Total Disputed Property Tax Protest Payments Held In Escrow 2010-2012 | $25 | ' | ' | ' |
Employee_Benefit_Plan_Details
Employee Benefit Plan (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 50.00% | ' | ' |
Defined Contribution Plan, Minimum Annual Contribution Per Employee, Percent | 1.00% | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent | 50.00% | ' | ' |
Defined Contribution Plan Maximum Employee Compensation for Matching Contribution, Percent | 6.00% | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $16 | $8 | $6 |
Recently_Issued_Accounting_Sta
Recently Issued Accounting Standards (Details) (New Accounting Pronouncement, Early Adoption, Effect [Member], Restatement Adjustment [Member], USD $) | Dec. 31, 2012 |
In Millions, unless otherwise specified | |
New Accounting Pronouncement, Early Adoption, Effect [Member] | Restatement Adjustment [Member] | ' |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ' |
New Accounting Pronouncement, Effect on Current Assets | ($3) |
New Accounting Pronouncement, Effect on Other Long-Term Liabilities | -202 |
New Accounting Pronouncement, Effect on Deferred Income Taxes | $199 |
Unaudited_Quarterly_Financial_2
Unaudited Quarterly Financial Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | $2,148 | $2,118 | $1,972 | $1,917 | $1,913 | $1,880 | $1,884 | $1,827 | $8,155 | $7,504 | $7,204 |
Income from operations | 246 | 220 | 236 | 223 | 206 | 211 | 269 | 230 | 925 | 916 | 1,041 |
Net income (loss) | $39 | ($70) | ($96) | ($42) | ($40) | ($87) | ($83) | ($94) | ($169) | ($304) | ($369) |
Loss per common share, basic and diluted (in dollars per share) | ' | ($0.68) | ($0.96) | ($0.42) | ($0.41) | ($0.87) | ($0.84) | ($0.95) | ($1.65) | ($3.05) | ($3.39) |
Income per common share, basic (in dollars per share) | $0.38 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income per common share, diluted (in dollars per share) | $0.35 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding, basic and diluted (in shares) | ' | 102,924,443 | 100,600,678 | 100,327,418 | 100,003,344 | 99,694,672 | 99,496,755 | 99,432,960 | 101,934,630 | 99,657,989 | 108,948,554 |
Weighted average common shares outstanding, basic (in shares) | 103,836,535 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average common shares outstanding, diluted (in shares) | 111,415,982 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed_Consolidating_Balanc
Condensed Consolidating Balance Sheets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Millions, unless otherwise specified | ||||
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | $21 | $7 | $2 | $4 |
Restricted cash and cash equivalents | 0 | 27 | ' | ' |
Accounts receivable, net | 234 | 234 | ' | ' |
Receivables from related party | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 67 | 62 | ' | ' |
Total current assets | 322 | 330 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 7,981 | 7,206 | ' | ' |
Franchises | 6,009 | 5,287 | ' | ' |
Customer relationships, net | 1,389 | 1,424 | ' | ' |
Goodwill | 1,177 | 953 | ' | ' |
Total investment in cable properties, net | 16,556 | 14,870 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 0 | 0 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 417 | 396 | ' | ' |
Total assets | 17,295 | 15,596 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 1,467 | 1,224 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 1,467 | 1,224 | ' | ' |
LONG-TERM DEBT | 14,181 | 12,808 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 1,431 | 1,321 | ' | ' |
OTHER LONG-TERM LIABILITIES | 65 | 94 | ' | ' |
Shareholders'/Member's equity | 151 | 149 | ' | ' |
Non-controlling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 151 | 149 | 409 | 1,478 |
Total liabilities and shareholders'/member's equity | 17,295 | 15,596 | ' | ' |
Charter [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 1 | 0 | 0 |
Restricted cash and cash equivalents | ' | 0 | ' | ' |
Accounts receivable, net | 4 | 1 | ' | ' |
Receivables from related party | 54 | 59 | ' | ' |
Prepaid expenses and other current assets | 14 | 16 | ' | ' |
Total current assets | 72 | 77 | ' | ' |
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 | 104 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 1,295 | 1,081 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 0 | 0 | ' | ' |
Total assets | 1,367 | 1,262 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 12 | 12 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 12 | 12 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 1,204 | 1,101 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | 151 | 149 | ' | ' |
Non-controlling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 151 | 149 | ' | ' |
Total liabilities and shareholders'/member's equity | 1,367 | 1,262 | ' | ' |
Intermediate Holding Companies [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 5 | 0 | 0 | 3 |
Restricted cash and cash equivalents | ' | 0 | ' | ' |
Accounts receivable, net | 4 | 3 | ' | ' |
Receivables from related party | 170 | 176 | ' | ' |
Prepaid expenses and other current assets | 10 | 8 | ' | ' |
Total current assets | 189 | 187 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 30 | 32 | ' | ' |
Franchises | 0 | 0 | ' | ' |
Customer relationships, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Total investment in cable properties, net | 30 | 32 | ' | ' |
CC VIII PREFERRED INTEREST | 392 | 242 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 325 | 269 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 318 | 309 | ' | ' |
OTHER NONCURRENT ASSETS | 160 | 163 | ' | ' |
Total assets | 1,414 | 1,202 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 113 | 121 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 113 | 121 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 6 | 0 | ' | ' |
Shareholders'/Member's equity | 1,295 | 1,081 | ' | ' |
Non-controlling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 1,295 | 1,081 | ' | ' |
Total liabilities and shareholders'/member's equity | 1,414 | 1,202 | ' | ' |
CCO Holdings [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 2 | 1 |
Restricted cash and cash equivalents | ' | 0 | ' | ' |
Accounts receivable, net | 0 | 0 | ' | ' |
Receivables from related party | 11 | 11 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | 11 | 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 | 10,592 | 9,485 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 461 | 359 | ' | ' |
OTHER NONCURRENT ASSETS | 119 | 118 | ' | ' |
Total assets | 11,183 | 9,973 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 187 | 146 | ' | ' |
Payables to related party | 0 | 0 | ' | ' |
Total current liabilities | 187 | 146 | ' | ' |
LONG-TERM DEBT | 10,671 | 9,558 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 0 | 0 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | 325 | 269 | ' | ' |
Non-controlling interest | 0 | 0 | ' | ' |
Total shareholders'/member's equity | 325 | 269 | ' | ' |
Total liabilities and shareholders'/member's equity | 11,183 | 9,973 | ' | ' |
Charter Operating and Subsidiaries [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 16 | 6 | 0 | 0 |
Restricted cash and cash equivalents | ' | 27 | ' | ' |
Accounts receivable, net | 226 | 230 | ' | ' |
Receivables from related party | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 43 | 38 | ' | ' |
Total current assets | 285 | 301 | ' | ' |
INVESTMENT IN CABLE PROPERTIES: | ' | ' | ' | ' |
Property, plant and equipment, net | 7,951 | 7,174 | ' | ' |
Franchises | 6,009 | 5,287 | ' | ' |
Customer relationships, net | 1,389 | 1,424 | ' | ' |
Goodwill | 1,177 | 953 | ' | ' |
Total investment in cable properties, net | 16,526 | 14,838 | ' | ' |
CC VIII PREFERRED INTEREST | 0 | 0 | ' | ' |
INVESTMENT IN SUBSIDIARIES | 0 | 0 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | 0 | 0 | ' | ' |
OTHER NONCURRENT ASSETS | 138 | 115 | ' | ' |
Total assets | 16,949 | 15,254 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 1,155 | 945 | ' | ' |
Payables to related party | 235 | 246 | ' | ' |
Total current liabilities | 1,390 | 1,191 | ' | ' |
LONG-TERM DEBT | 3,510 | 3,250 | ' | ' |
LOANS PAYABLE - RELATED PARTY | 779 | 668 | ' | ' |
DEFERRED INCOME TAXES | 227 | 220 | ' | ' |
OTHER LONG-TERM LIABILITIES | 59 | 94 | ' | ' |
Shareholders'/Member's equity | 10,592 | 9,485 | ' | ' |
Non-controlling interest | 392 | 346 | ' | ' |
Total shareholders'/member's equity | 10,984 | 9,831 | ' | ' |
Total liabilities and shareholders'/member's equity | 16,949 | 15,254 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
CURRENT ASSETS: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Restricted cash and cash equivalents | ' | 0 | ' | ' |
Accounts receivable, net | 0 | 0 | ' | ' |
Receivables from related party | -235 | -246 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | -235 | -246 | ' | ' |
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 | -392 | -346 | ' | ' |
INVESTMENT IN SUBSIDIARIES | -12,212 | -10,835 | ' | ' |
LOANS RECEIVABLE - RELATED PARTY | -779 | -668 | ' | ' |
OTHER NONCURRENT ASSETS | 0 | 0 | ' | ' |
Total assets | -13,618 | -12,095 | ' | ' |
CURRENT LIABILITIES: | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 0 | 0 | ' | ' |
Payables to related party | -235 | -246 | ' | ' |
Total current liabilities | -235 | -246 | ' | ' |
LONG-TERM DEBT | 0 | 0 | ' | ' |
LOANS PAYABLE - RELATED PARTY | -779 | -668 | ' | ' |
DEFERRED INCOME TAXES | 0 | 0 | ' | ' |
OTHER LONG-TERM LIABILITIES | 0 | 0 | ' | ' |
Shareholders'/Member's equity | -12,212 | -10,835 | ' | ' |
Non-controlling interest | -392 | -346 | ' | ' |
Total shareholders'/member's equity | -12,604 | -11,181 | ' | ' |
Total liabilities and shareholders'/member's equity | ($13,618) | ($12,095) | ' | ' |
Condensed_Consolidating_Statem
Condensed Consolidating Statements of Operations (Details) (USD $) | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Millions, unless otherwise specified | 31-May-13 | Apr. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Jan. 31, 2012 | Dec. 31, 2011 | 31-May-11 | Jan. 31, 2011 | Jun. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,148 | $2,118 | $1,972 | $1,917 | $1,913 | $1,880 | $1,884 | $1,827 | $8,155 | $7,504 | $7,204 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,345 | 4,860 | 4,564 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,854 | 1,713 | 1,592 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 15 | 7 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,230 | 6,588 | 6,163 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 246 | 220 | 236 | 223 | 206 | 211 | 269 | 230 | 925 | 916 | 1,041 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -846 | -907 | -963 |
Gain (loss) on extinguishment of debt | -14 | -2 | -42 | -33 | -59 | -15 | -19 | -53 | -67 | -65 | ' | ' | ' | ' | ' | ' | ' | ' | -123 | -55 | -143 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 0 | 0 |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16 | -1 | -5 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -974 | -963 | -1,111 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -49 | -47 | -70 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -120 | -257 | -299 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39 | -70 | -96 | -42 | -40 | -87 | -83 | -94 | -169 | -304 | -369 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -169 | -304 | -369 |
Charter [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 24 | 33 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 24 | 33 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 24 | 33 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -75 | -63 | -87 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -75 | -63 | -87 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -75 | -63 | -87 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -108 | -254 | -295 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -183 | -317 | -382 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 13 | 13 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -169 | -304 | -369 |
Intermediate Holding Companies [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 159 | 124 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 159 | 124 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188 | 159 | 124 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8 | -103 | -191 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 46 | -6 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -106 | -92 | -115 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -106 | -92 | -115 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | 0 | -1 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -107 | -92 | -116 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 29 | 29 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -75 | -63 | -87 |
CCO Holdings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -681 | -541 | -381 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -65 | 0 | 0 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 632 | 506 | 463 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Charter Operating and Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,155 | 7,504 | 7,204 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,345 | 4,860 | 4,564 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,854 | 1,713 | 1,592 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31 | 15 | 7 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,230 | 6,588 | 6,163 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 925 | 916 | 1,041 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -173 | -263 | -391 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -58 | -101 | -137 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16 | -1 | -5 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -236 | -365 | -533 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 689 | 551 | 508 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -11 | -3 | -3 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 678 | 548 | 505 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -46 | -42 | -42 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 632 | 506 | 463 |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVENUES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -210 | -183 | -157 |
COSTS AND EXPENSES: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating costs and expenses (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -210 | -183 | -157 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating expenses, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Total costs and expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -210 | -183 | -157 |
Income from operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
OTHER INCOME (EXPENSES): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain (loss) on extinguishment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Gain on derivative instruments, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Other expense, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in income (loss) of subisidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -443 | -408 | -458 |
Total other expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -443 | -408 | -458 |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -443 | -408 | -458 |
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -443 | -408 | -458 |
Less: Net (income) loss b noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($443) | ($408) | ($458) |
Condensed_Consolidating_Statem1
Condensed Consolidating Statements of Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Consolidated net income (loss) | $39 | ($70) | ($96) | ($42) | ($40) | ($87) | ($83) | ($94) | ($169) | ($304) | ($369) |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 34 | -10 | -8 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -135 | -314 | -377 |
Charter [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -183 | -317 | -382 |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -183 | -317 | -382 |
Intermediate Holding Companies [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -107 | -92 | -116 |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -107 | -92 | -116 |
CCO Holdings [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -114 | -35 | 82 |
Charter Operating and Subsidiaries [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 678 | 548 | 505 |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 34 | -10 | -8 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 712 | 538 | 497 |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -443 | -408 | -458 |
Net impact of interest rate derivative instruments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ($443) | ($408) | ($458) |
Condensed_Consolidating_Statem2
Condensed Consolidating Statements of Cash Flows (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | ($169) | ($304) | ($369) |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 1,854 | 1,713 | 1,592 |
Noncash interest expense | 43 | 45 | 34 |
(Gain) loss on extinguishment of debt | 123 | 55 | 143 |
Gain on derivative instruments, net | -11 | 0 | 0 |
Deferred income taxes | 112 | 250 | 290 |
Equity in (income) losses of subisidiaries | 0 | 0 | 0 |
Other, net | 82 | 45 | 33 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | 10 | 34 | -24 |
Prepaid expenses and other assets | 0 | -8 | 1 |
Accounts payable, accrued liabilities and other | 114 | 46 | 37 |
Receivables from and payables to related party | 0 | 0 | 0 |
Net cash flows from operating activities | 2,158 | 1,876 | 1,737 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | -1,825 | -1,745 | -1,311 |
Change in accrued expenses related to capital expenditures | 76 | 13 | 57 |
Sales (purchases) of cable systems, net | -676 | 19 | -88 |
Contribution to subsidiary | 0 | 0 | 0 |
Distributions from subsidiary | 0 | 0 | 0 |
Other, net | -18 | -24 | -24 |
Net cash flows from investing activities | -2,443 | -1,737 | -1,366 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 6,782 | 5,830 | 5,489 |
Repayments of long-term debt | -6,520 | -5,901 | -5,072 |
Borrowings (payments) loans payable - related parties | 0 | 0 | 0 |
Payments for debt issuance costs | -50 | -53 | -62 |
Purchase of treasury stock | -15 | -11 | -733 |
Proceeds from exercise of options and warrants | 104 | 15 | 5 |
Contributions from parent | 0 | 0 | 0 |
Distributions to parent | 0 | 0 | 0 |
Other, net | -2 | -14 | 0 |
Net cash flows from financing activities | 299 | -134 | -373 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 14 | 5 | -2 |
CASH AND CASH EQUIVALENTS, beginning of period | 7 | 2 | 4 |
CASH AND CASH EQUIVALENTS, end of period | 21 | 7 | 2 |
Charter [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | -183 | -317 | -382 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 0 | 0 | 0 |
Noncash interest expense | 0 | 0 | 0 |
(Gain) loss on extinguishment of debt | 0 | 0 | 0 |
Gain on derivative instruments, net | 0 | ' | ' |
Deferred income taxes | 105 | 252 | 294 |
Equity in (income) losses of subisidiaries | 75 | 63 | 87 |
Other, net | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | -3 | -1 | 0 |
Prepaid expenses and other assets | 0 | 2 | 1 |
Accounts payable, accrued liabilities and other | 0 | 0 | 1 |
Receivables from and payables to related party | 5 | -1 | -1 |
Net cash flows from operating activities | -1 | -2 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | 0 | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 | 0 |
Sales (purchases) of cable systems, net | 0 | 0 | 0 |
Contribution to subsidiary | -89 | -14 | 0 |
Distributions from subsidiary | 0 | 12 | 528 |
Other, net | 0 | 0 | 0 |
Net cash flows from investing activities | -89 | -2 | 528 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 0 | 0 | 0 |
Repayments of long-term debt | 0 | 0 | 0 |
Borrowings (payments) loans payable - related parties | 0 | 0 | 0 |
Payments for debt issuance costs | 0 | 0 | 0 |
Purchase of treasury stock | -15 | -11 | -533 |
Proceeds from exercise of options and warrants | 104 | 15 | 5 |
Contributions from parent | 0 | 0 | 0 |
Distributions to parent | 0 | 0 | 0 |
Other, net | 0 | 1 | 0 |
Net cash flows from financing activities | 89 | 5 | -528 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -1 | 1 | 0 |
CASH AND CASH EQUIVALENTS, beginning of period | 1 | 0 | 0 |
CASH AND CASH EQUIVALENTS, end of period | 0 | 1 | 0 |
Intermediate Holding Companies [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | -107 | -92 | -116 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 0 | 0 | 0 |
Noncash interest expense | 0 | -23 | -38 |
(Gain) loss on extinguishment of debt | 0 | -46 | 6 |
Gain on derivative instruments, net | 0 | ' | ' |
Deferred income taxes | 0 | 0 | 0 |
Equity in (income) losses of subisidiaries | 114 | 35 | -82 |
Other, net | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | -1 | 1 | -5 |
Prepaid expenses and other assets | 1 | 8 | -1 |
Accounts payable, accrued liabilities and other | -3 | -87 | -16 |
Receivables from and payables to related party | -1 | -1 | 0 |
Net cash flows from operating activities | 3 | -205 | -252 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | 0 | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 | 0 |
Sales (purchases) of cable systems, net | 0 | 0 | 0 |
Contribution to subsidiary | -534 | -71 | 0 |
Distributions from subsidiary | 6 | 1,891 | 4,956 |
Other, net | 1 | 0 | 0 |
Net cash flows from investing activities | -527 | 1,820 | 4,956 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 0 | 0 | 0 |
Repayments of long-term debt | 0 | -1,621 | -332 |
Borrowings (payments) loans payable - related parties | 0 | 0 | 0 |
Payments for debt issuance costs | 0 | 0 | 0 |
Purchase of treasury stock | 0 | 0 | -200 |
Proceeds from exercise of options and warrants | 0 | 0 | 0 |
Contributions from parent | 534 | 84 | 0 |
Distributions to parent | -5 | -72 | -4,173 |
Other, net | 0 | -6 | -2 |
Net cash flows from financing activities | 529 | -1,615 | -4,707 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 5 | 0 | -3 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 0 | 3 |
CASH AND CASH EQUIVALENTS, end of period | 5 | 0 | 0 |
CCO Holdings [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | -114 | -35 | 82 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 0 | 0 | 0 |
Noncash interest expense | 27 | 18 | 20 |
(Gain) loss on extinguishment of debt | 65 | 0 | 0 |
Gain on derivative instruments, net | 0 | ' | ' |
Deferred income taxes | 0 | 0 | 0 |
Equity in (income) losses of subisidiaries | -632 | -506 | -463 |
Other, net | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | 0 | 0 | 0 |
Prepaid expenses and other assets | 0 | 0 | 0 |
Accounts payable, accrued liabilities and other | 41 | 47 | 58 |
Receivables from and payables to related party | -10 | -11 | -7 |
Net cash flows from operating activities | -623 | -487 | -310 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | 0 | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 | 0 |
Sales (purchases) of cable systems, net | 0 | 0 | 0 |
Contribution to subsidiary | -1,022 | -2,330 | -2,837 |
Distributions from subsidiary | 630 | 2,014 | 650 |
Other, net | 0 | 0 | 0 |
Net cash flows from investing activities | -392 | -316 | -2,187 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 2,000 | 2,984 | 3,640 |
Repayments of long-term debt | -955 | 0 | 0 |
Borrowings (payments) loans payable - related parties | -93 | -314 | 223 |
Payments for debt issuance costs | -25 | -39 | -54 |
Purchase of treasury stock | 0 | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 | 0 |
Contributions from parent | 89 | 1 | 0 |
Distributions to parent | -1 | -1,831 | -1,311 |
Other, net | 0 | 0 | 0 |
Net cash flows from financing activities | 1,015 | 801 | 2,498 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | -2 | 1 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 2 | 1 |
CASH AND CASH EQUIVALENTS, end of period | 0 | 0 | 2 |
Charter Operating and Subsidiaries [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | 678 | 548 | 505 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 1,854 | 1,713 | 1,592 |
Noncash interest expense | 16 | 50 | 52 |
(Gain) loss on extinguishment of debt | 58 | 101 | 137 |
Gain on derivative instruments, net | -11 | ' | ' |
Deferred income taxes | 7 | -2 | -4 |
Equity in (income) losses of subisidiaries | 0 | 0 | 0 |
Other, net | 82 | 45 | 33 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | 14 | 34 | -19 |
Prepaid expenses and other assets | -1 | -18 | 1 |
Accounts payable, accrued liabilities and other | 76 | 86 | -6 |
Receivables from and payables to related party | 6 | 13 | 8 |
Net cash flows from operating activities | 2,779 | 2,570 | 2,299 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | -1,825 | -1,745 | -1,311 |
Change in accrued expenses related to capital expenditures | 76 | 13 | 57 |
Sales (purchases) of cable systems, net | -676 | 19 | -88 |
Contribution to subsidiary | 0 | 0 | 0 |
Distributions from subsidiary | 0 | 0 | 0 |
Other, net | -19 | -24 | -24 |
Net cash flows from investing activities | -2,444 | -1,737 | -1,366 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 4,782 | 2,846 | 1,849 |
Repayments of long-term debt | -5,565 | -4,280 | -4,740 |
Borrowings (payments) loans payable - related parties | 93 | 314 | -223 |
Payments for debt issuance costs | -25 | -14 | -8 |
Purchase of treasury stock | 0 | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 | 0 |
Contributions from parent | 1,022 | 2,330 | 2,837 |
Distributions to parent | -630 | -2,014 | -650 |
Other, net | -2 | -9 | 2 |
Net cash flows from financing activities | -325 | -827 | -933 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 10 | 6 | 0 |
CASH AND CASH EQUIVALENTS, beginning of period | 6 | 0 | 0 |
CASH AND CASH EQUIVALENTS, end of period | 16 | 6 | 0 |
Eliminations [Member] | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Consolidated net income (loss) | -443 | -408 | -458 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ' | ' | ' |
Depreciation and amortization | 0 | 0 | 0 |
Noncash interest expense | 0 | 0 | 0 |
(Gain) loss on extinguishment of debt | 0 | 0 | 0 |
Gain on derivative instruments, net | 0 | ' | ' |
Deferred income taxes | 0 | 0 | 0 |
Equity in (income) losses of subisidiaries | 443 | 408 | 458 |
Other, net | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' |
Accounts receivable | 0 | 0 | 0 |
Prepaid expenses and other assets | 0 | 0 | 0 |
Accounts payable, accrued liabilities and other | 0 | 0 | 0 |
Receivables from and payables to related party | 0 | 0 | 0 |
Net cash flows from operating activities | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchases of property, plant and equipment | 0 | 0 | 0 |
Change in accrued expenses related to capital expenditures | 0 | 0 | 0 |
Sales (purchases) of cable systems, net | 0 | 0 | 0 |
Contribution to subsidiary | 1,645 | 2,415 | 2,837 |
Distributions from subsidiary | -636 | -3,917 | -6,134 |
Other, net | 0 | 0 | 0 |
Net cash flows from investing activities | 1,009 | -1,502 | -3,297 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Borrowings of long-term debt | 0 | 0 | 0 |
Repayments of long-term debt | 0 | 0 | 0 |
Borrowings (payments) loans payable - related parties | 0 | 0 | 0 |
Payments for debt issuance costs | 0 | 0 | 0 |
Purchase of treasury stock | 0 | 0 | 0 |
Proceeds from exercise of options and warrants | 0 | 0 | 0 |
Contributions from parent | -1,645 | -2,415 | -2,837 |
Distributions to parent | 636 | 3,917 | 6,134 |
Other, net | 0 | 0 | 0 |
Net cash flows from financing activities | -1,009 | 1,502 | 3,297 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 0 | 0 | 0 |
CASH AND CASH EQUIVALENTS, beginning of period | 0 | 0 | 0 |
CASH AND CASH EQUIVALENTS, end of period | $0 | $0 | $0 |