Consolidating Schedules (Notes)

12 Months Ended

Dec. 31, 2019

Consolidating Schedules [Abstract]

Consolidating Schedules

Consolidating Schedules

Each of Charter Operating, TWC, LLC, TWCE, CCO Holdings and certain subsidiaries jointly, severally, fully and unconditionally guarantee the outstanding debt securities of the others (other than the CCO Holdings notes) on an unsecured senior basis and the condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. Certain Charter Operating subsidiaries that are regulated telephone entities only become guarantor subsidiaries upon approval by regulators. 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.

The "Intermediate Holding Companies" column includes the assets and liabilities of the captive insurance company, a company wholly-owned by Charter outside of Charter Holdings and which does not, directly or indirectly, own any interest in Charter Holdings. The “Charter Operating and Restricted Subsidiaries” column is presented to comply with the terms of the Credit Agreement.

Condensed consolidating financial statements as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018 and 2017 follow.

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
As of December 31, 2019
	Non-Guarantor Subsidiaries				Guarantor Subsidiaries
	Charter		Intermediate Holding Companies		CCO Holdings		Charter Operating and Restricted Subsidiaries		Eliminations			Charter Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	234	$	500	$	2,749	$	—		$	3,483
Accounts receivable, net	1		31		—		2,195		—			2,227
Receivables from related party	34		264		59		—		(357		)	—
Prepaid expenses and other current assets	10		40		—		711		—			761
Total current assets	45		569		559		5,655		(357		)	6,471
RESTRICTED CASH	—		66		—		—		—			66
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net	—		683		—		33,908		—			34,591
Customer relationships, net	—		—		—		7,453		—			7,453
Franchises	—		—		—		67,322		—			67,322
Goodwill	—		—		—		29,554		—			29,554
Total investment in cable properties, net	—		683		—		138,237		—			138,920
INVESTMENT IN SUBSIDIARIES	49,024		55,266		76,409		—		(180,699		)	—
OPERATING LEASE RIGHT-OF-USE ASSETS	—		167		—		925		—			1,092
LOANS RECEIVABLE – RELATED PARTY	260		699		545		—		(1,504		)	—
OTHER NONCURRENT ASSETS	2		211		—		1,426		—			1,639
Total assets	$	49,331	$	57,661	$	77,513	$	146,243	$	(182,560	)	$	148,188
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	$	18	$	695	$	296	$	7,662	$	—		$	8,671
Operating lease liabilities	—		30		—		184		—			214
Payables to related party	—		—		—		357		(357		)	—
Current portion of long-term debt	—		—		—		3,500		—			3,500
Total current liabilities	18		725		296		11,703		(357		)	12,385
LONG-TERM DEBT	—		—		21,951		53,627		—			75,578
LOANS PAYABLE – RELATED PARTY	—		—		—		1,504		(1,504		)	—
DEFERRED INCOME TAXES	17,641		15		—		55		—			17,711
LONG-TERM OPERATING LEASE LIABILITIES	—		191		—		788		—			979
OTHER LONG-TERM LIABILITIES	227		363		—		2,134		—			2,724
SHAREHOLDERS’/MEMBER’S EQUITY
Controlling interest	31,445		49,024		55,266		76,409		(180,699		)	31,445
Noncontrolling interests	—		7,343		—		23		—			7,366
Total shareholders’/member’s equity	31,445		56,367		55,266		76,432		(180,699		)	38,811
Total liabilities and shareholders’/member’s equity	$	49,331	$	57,661	$	77,513	$	146,243	$	(182,560	)	$	148,188

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
As of December 31, 2018
	Non-Guarantor Subsidiaries				Guarantor Subsidiaries
	Charter		Intermediate Holding Companies		CCO Holdings		Charter Operating and Restricted Subsidiaries		Eliminations			Charter Consolidated
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	251	$	—	$	300	$	—		$	551
Accounts receivable, net	1		33		—		1,699		—			1,733
Receivables from related party	27		518		57		—		(602		)	—
Prepaid expenses and other current assets	14		32		—		400		—			446
Total current assets	42		834		57		2,399		(602		)	2,730
RESTRICTED CASH	—		214		—		—		—			214
INVESTMENT IN CABLE PROPERTIES:
Property, plant and equipment, net	—		468		—		34,658		—			35,126
Customer relationships, net	—		—		—		9,565		—			9,565
Franchises	—		—		—		67,319		—			67,319
Goodwill	—		—		—		29,554		—			29,554
Total investment in cable properties, net	—		468		—		141,096		—			141,564
INVESTMENT IN SUBSIDIARIES	53,592		60,530		78,960		—		(193,082		)	—
LOANS RECEIVABLE – RELATED PARTY	251		674		526		—		(1,451		)	—
OTHER NONCURRENT ASSETS	—		222		—		1,403		(3		)	1,622
Total assets	$	53,885	$	62,942	$	79,543	$	144,898	$	(195,138	)	$	146,130
LIABILITIES AND SHAREHOLDERS’/MEMBER’S EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	$	9	$	893	$	283	$	7,620	$	—		$	8,805
Payables to related party	—		—		—		602		(602		)	—
Current portion of long-term debt	—		—		—		3,290		—			3,290
Total current liabilities	9		893		283		11,512		(602		)	12,095
LONG-TERM DEBT	—		—		18,730		50,807		—			69,537
LOANS PAYABLE – RELATED PARTY	—		—		—		1,451		(1,451		)	—
DEFERRED INCOME TAXES	17,376		16		—		—		(3		)	17,389
OTHER LONG-TERM LIABILITIES	215		478		—		2,144		—			2,837
SHAREHOLDERS’/MEMBER’S EQUITY
Controlling interest	36,285		53,592		60,530		78,960		(193,082		)	36,285
Noncontrolling interests	—		7,963		—		24		—			7,987
Total shareholders’/member’s equity	36,285		61,555		60,530		78,984		(193,082		)	44,272
Total liabilities and shareholders’/member’s equity	$	53,885	$	62,942	$	79,543	$	144,898	$	(195,138	)	$	146,130

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Operations
For the year ended December 31, 2019
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
REVENUES	$	52		$	1,170		$	—		$	45,756		$	(1,214	)	$	45,764
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	52			1,114			—			29,275			(1,217		)	29,224
Depreciation and amortization	—			15			—			9,911			—			9,926
Other operating (income) expenses, net	—			(11		)	—			111			3			103
	52			1,118			—			39,297			(1,214		)	39,253
Income from operations	—			52			—			6,459			—			6,511
OTHER INCOME (EXPENSES):
Interest income (expense), net	10			32			(1,067		)	(2,772		)	—			(3,797		)
Loss on extinguishment of debt	—			—			(22		)	(3		)	—			(25		)
Loss on financial instruments, net	—			—			—			(54		)	—			(54		)
Other pension costs, net	—			—			—			(69		)	—			(69		)
Other expense, net	—			(4		)	—			(131		)	—			(135		)
Equity in income of subsidiaries	1,998			2,251			3,340			—			(7,589		)	—
	2,008			2,279			2,251			(3,029		)	(7,589		)	(4,080		)
Income before income taxes	2,008			2,331			2,251			3,430			(7,589		)	2,431
Income tax expense	(340		)	(10		)	—			(89		)	—			(439		)
Consolidated net income	1,668			2,321			2,251			3,341			(7,589		)	1,992
Less: Net income attributable to noncontrolling interests	—			(323		)	—			(1		)	—			(324		)
Net income	$	1,668		$	1,998		$	2,251		$	3,340		$	(7,589	)	$	1,668

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Operations
For the year ended December 31, 2018
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
REVENUES	$	46		$	1,141		$	—		$	43,620		$	(1,173	)	$	43,634
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	46			1,096			—			27,891			(1,173		)	27,860
Depreciation and amortization	—			11			—			10,307			—			10,318
Other operating expenses, net	—			5			—			230			—			235
	46			1,112			—			38,428			(1,173		)	38,413
Income from operations	—			29			—			5,192			—			5,221
OTHER INCOME (EXPENSES):
Interest income (expense), net	9			30			(1,016		)	(2,563		)	—			(3,540		)
Loss on financial instruments, net	—			—			—			(110		)	—			(110		)
Other pension benefits, net	—			—			—			192			—			192
Other expense, net	—			(31		)	—			(46		)	—			(77		)
Equity in income of subsidiaries	1,377			1,632			2,648			—			(5,657		)	—
	1,386			1,631			1,632			(2,527		)	(5,657		)	(3,535		)
Income before income taxes	1,386			1,660			1,632			2,665			(5,657		)	1,686
Income tax expense	(156		)	(8		)	—			(16		)	—			(180		)
Consolidated net income	1,230			1,652			1,632			2,649			(5,657		)	1,506
Less: Net income attributable to noncontrolling interests	—			(275		)	—			(1		)	—			(276		)
Net income	$	1,230		$	1,377		$	1,632		$	2,648		$	(5,657	)	$	1,230

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Operations
For the year ended December 31, 2017
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
REVENUES	$	90		$	1,186		$	—		$	41,578		$	(1,273	)	$	41,581
COSTS AND EXPENSES:
Operating costs and expenses (exclusive of items shown separately below)	90			1,164			—			26,560			(1,273		)	26,541
Depreciation and amortization	—			9			—			10,579			—			10,588
Other operating (income) expenses, net	(101		)	3			—			444			—			346
	(11		)	1,176			—			37,583			(1,273		)	37,475
Income from operations	101			10			—			3,995			—			4,106
OTHER INCOME (EXPENSES):
Interest income (expense), net	5			20			(883		)	(2,232		)	—			(3,090		)
Loss on extinguishment of debt	—			—			(34		)	(6		)	—			(40		)
Gain on financial instruments, net	—			—			—			69			—			69
Other pension benefits	—			—			—			1			—			1
Other expense, net	—			(14		)	—			(4		)	—			(18		)
Equity in income of subsidiaries	680			882			1,799			—			(3,361		)	—
	685			888			882			(2,172		)	(3,361		)	(3,078		)
Income before income taxes	786			898			882			1,823			(3,361		)	1,028
Income tax benefit (expense)	9,109			1			—			(23		)	—			9,087
Consolidated net income	9,895			899			882			1,800			(3,361		)	10,115
Less: Net income attributable to noncontrolling interests	—			(219		)	—			(1		)	—			(220		)
Net income	$	9,895		$	680		$	882		$	1,799		$	(3,361	)	$	9,895

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Comprehensive Income
For the year ended December 31, 2019
	Non-Guarantor Subsidiaries					Guarantor Subsidiaries
	Charter		Intermediate Holding Companies			CCO Holdings		Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
Consolidated net income	$	1,668	$	2,321		$	2,251	$	3,341		$	(7,589	)	$	1,992
Foreign currency translation adjustment	2		2			2		2			(6		)	2
Consolidated comprehensive income	1,670		2,323			2,253		3,343			(7,595		)	1,994
Less: Comprehensive income attributable to noncontrolling interests	—		(323		)	—		(1		)	—			(324		)
Comprehensive income	$	1,670	$	2,000		$	2,253	$	3,342		$	(7,595	)	$	1,670

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Comprehensive Income
For the year ended December 31, 2018
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
Consolidated net income	$	1,230		$	1,652		$	1,632		$	2,649		$	(5,657	)	$	1,506
Foreign currency translation adjustment	(1		)	(1		)	(1		)	(1		)	3			(1		)
Consolidated comprehensive income	1,229			1,651			1,631			2,648			(5,654		)	1,505
Less: Comprehensive income attributable to noncontrolling interests	—			(275		)	—			(1		)	—			(276		)
Comprehensive income	$	1,229		$	1,376		$	1,631		$	2,647		$	(5,654	)	$	1,229

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Comprehensive Income
For the year ended December 31, 2017
	Non-Guarantor Subsidiaries					Guarantor Subsidiaries
	Charter		Intermediate Holding Companies			CCO Holdings		Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
Consolidated net income	$	9,895	$	899		$	882	$	1,800		$	(3,361	)	$	10,115
Net impact of interest rate derivative instruments	5		5			5		5			(15		)	5
Foreign currency translation adjustment	1		1			1		1			(3		)	1
Consolidated comprehensive income	9,901		905			888		1,806			(3,379		)	10,121
Less: Comprehensive income attributable to noncontrolling interests	—		(219		)	—		(1		)	—			(220		)
Comprehensive income	$	9,901	$	686		$	888	$	1,805		$	(3,379	)	$	9,901

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2019
+
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
NET CASH FLOWS FROM OPERATING ACTIVITIES	$	(36	)	$	76		$	(1,051	)	$	12,759		$	—		$	11,748
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(67		)	—			(7,195		)	67			(7,195		)
Change in accrued expenses related to capital expenditures	—			—			—			55			—			55
Real estate investments through variable interest entities	—			(148		)	—			—			—			(148		)
Contribution to subsidiaries	(119		)	(59		)	(2,860		)	—			3,038			—
Distributions from subsidiaries	6,910			7,891			9,068			—			(23,869		)	—
Other, net	—			(30		)	—			54			(67		)	(43		)
Net cash flows from investing activities	6,791			7,587			6,208			(7,086		)	(20,831		)	(7,331		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	—			—			4,584			15,101			—			19,685
Repayments of long-term debt	—			—			(1,366		)	(11,943		)	—			(13,309		)
Payment for debt issuance costs	—			—			(43		)	(60		)	—			(103		)
Purchase of treasury stock	(6,873		)	—			—			—			—			(6,873		)
Proceeds from exercise of stock options	118			—			—			—			—			118
Purchase of noncontrolling interest	—			(885		)	—			—			—			(885		)
Distributions to noncontrolling interest	—			(152		)	—			(2		)	—			(154		)
Contributions from parent	—			119			59			2,860			(3,038		)	—
Distributions to parent	—			(6,910		)	(7,891		)	(9,068		)	23,869			—
Other, net	—			—			—			(112		)	—			(112		)
Net cash flows from financing activities	(6,755		)	(7,828		)	(4,657		)	(3,224		)	20,831			(1,633		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—			(165		)	500			2,449			—			2,784
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	—			465			—			300			—			765
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	$	—		$	300		$	500		$	2,749		$	—		$	3,549

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2018
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
NET CASH FLOWS FROM OPERATING ACTIVITIES	$	(10	)	$	120		$	(1,009	)	$	12,666		$	—		$	11,767
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(16		)	—			(9,109		)	—			(9,125		)
Change in accrued expenses related to capital expenditures	—			—			—			(470		)	—			(470		)
Real estate investments through variable interest entities	—			(21		)	—			—			—			(21		)
Contribution to subsidiaries	(69		)	(142		)	(142		)	—			353			—
Distributions from subsidiaries	4,421			5,178			6,187			—			(15,786		)	—
Other, net	—			(20		)	—			(100		)	—			(120		)
Net cash flows from investing activities	4,352			4,979			6,045			(9,679		)	(15,433		)	(9,736		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	—			—			—			13,820			—			13,820
Repayments of long-term debt	—			—			—			(10,769		)	—			(10,769		)
Borrowings (repayments) of loans payable - related parties	(12		)	—			—			12			—			—
Payment for debt issuance costs	—			—			—			(29		)	—			(29		)
Purchase of treasury stock	(4,399		)	—			—			—			—			(4,399		)
Proceeds from exercise of stock options	69			—			—			—			—			69
Purchase of noncontrolling interest	—			(656		)	—			—			—			(656		)
Distributions to noncontrolling interest	—			(152		)	—			(1		)	—			(153		)
Contributions from parent	—			69			142			142			(353		)	—
Distributions to parent	—			(4,421		)	(5,178		)	(6,187		)	15,786			—
Borrowings for real estate investments through variable interest entities	—			342			—			—			—			342
Distributions to variable interest entities noncontrolling interest	—			(107		)	—			—			—			(107		)
Other, net	—			—			—			(5		)	—			(5		)
Net cash flows from financing activities	(4,342		)	(4,925		)	(5,036		)	(3,017		)	15,433			(1,887		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	—			174			—			(30		)	—			144
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	—			291			—			330			—			621
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	$	—		$	465		$	—		$	300		$	—		$	765

Charter Communications, Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2017
	Non-Guarantor Subsidiaries						Guarantor Subsidiaries
	Charter			Intermediate Holding Companies			CCO Holdings			Charter Operating and Restricted Subsidiaries			Eliminations			Charter Consolidated
NET CASH FLOWS FROM OPERATING ACTIVITIES:	$	159		$	187		$	(814	)	$	12,422		$	—		$	11,954
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			—			—			(8,681		)	—			(8,681		)
Change in accrued expenses related to capital expenditures	—			—			—			820			—			820
Real estate investments through variable interest entities	—			(105		)	—			—			—			(105		)
Contribution to subsidiaries	(115		)	—			(693		)	—			808			—
Distributions from subsidiaries	11,732			13,488			9,598			—			(34,818		)	—
Other, net	—			—			—			(132		)	—			(132		)
Net cash flows from investing activities	11,617			13,383			8,905			(7,993		)	(34,010		)	(8,098		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings of long-term debt	—			—			6,231			19,045			—			25,276
Repayments of long-term debt	—			—			(775		)	(15,732		)	—			(16,507		)
Borrowings (repayments) of loans payable - related parties	(234		)	—			—			234			—			—
Payment for debt issuance costs	—			—			(59		)	(52		)	—			(111		)
Purchase of treasury stock	(11,715		)	—			—			—			—			(11,715		)
Proceeds from exercise of stock options	116			—			—			—			—			116
Purchase of noncontrolling interest	—			(1,665		)	—			—			—			(1,665		)
Distributions to noncontrolling interest	—			(151		)	—			(2		)	—			(153		)
Contributions from parent	—			115			—			693			(808		)	—
Distributions to parent	—			(11,732		)	(13,488		)	(9,598		)	34,818			—
Other, net	—			—			—			(11		)	—			(11		)
Net cash flows from financing activities	(11,833		)	(13,433		)	(8,091		)	(5,423		)	34,010			(4,770		)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(57		)	137			—			(994		)	—			(914		)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	57			154			—			1,324			—			1,535
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	$	—		$	291		$	—		$	330		$	—		$	621