Parent Company Only Financial Statements (Notes)

12 Months Ended

Dec. 31, 2021

Parent Company Only Financial Statements [Abstract]

Parent Company Only Financial Statements

As the result of limitations on, and prohibitions of, distributions, substantially all of the net assets of the consolidated subsidiaries are restricted from distribution to Charter, the parent company. The following condensed parent-only financial statements of Charter account for the investment in Charter Holdco under the equity method of accounting. The financial statements should be read in conjunction with the consolidated financial statements of the Company and notes thereto.


Charter Communications, Inc. (Parent Company Only)
Condensed Balance Sheets

	December 31,
	2021		2020
ASSETS
Accounts receivable, net	$	1	$	1
Receivables from related party	33		28
Prepaid expenses and other current assets	24		20
Investment in subsidiaries	33,129		41,813
Loans receivable - related party	284		275
Other noncurrent assets	—		1
Total assets	$	33,471	$	42,138

LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities	$	45	$	22
Deferred income taxes	19,020		18,030
Other long-term liabilities	356		281
Shareholder's equity	14,050		23,805
Total liabilities and shareholder's equity	$	33,471	$	42,138


Charter Communications, Inc. (Parent Company Only)
Condensed Statements of Operations

	Year Ended December 31,
	2021		2020		2019
INCOME
Revenues	$	5	$	64	$	52
Interest income	7		12		10
Equity in income of subsidiaries	5,632		3,771		1,998
Total income	5,644		3,847		2,060

EXPENSES
Operating costs and expenses	5		64		52

Income before income taxes	5,639		3,783		2,008
Income tax expense	(985)		(561)		(340)
Net income	$	4,654	$	3,222	$	1,668


Charter Communications, Inc. (Parent Company Only)
Condensed Statements of Comprehensive Income

	Year Ended December 31,
	2021		2020		2019
Net income	$	4,654	$	3,222	$	1,668
Foreign currency translation adjustment	—		—		2
Comprehensive income	$	4,654	$	3,222	$	1,670


Charter Communications, Inc. (Parent Company Only)
Condensed Statements of Cash Flows

	Year Ended December 31,
	2021		2020		2019
NET CASH FLOWS FROM OPERATING ACTIVITIES	$	(84)	$	(49)	$	(36)

CASH FLOWS FROM INVESTING ACTIVITIES:
Contribution to subsidiaries	(44)		(208)		(119)
Distributions from subsidiaries	15,516		11,268		6,910
Net cash flows from investing activities	15,472		11,060		6,791

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	44		184		118
Issuance of equity	—		23		—
Purchase of treasury stock	(15,431)		(11,217)		(6,873)
Repayments of loans payable - related parties	(1)		(1)		—
Net cash flows from financing activities	(15,388)		(11,011)		(6,755)

NET INCREASE IN CASH AND CASH EQUIVALENTS	—		—		—
CASH AND CASH EQUIVALENTS, beginning of period	—		—		—
CASH AND CASH EQUIVALENTS, end of period	$	—	$	—	$	—