8-KOther Events

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report (Nov 4, 2003)

Filed November 4, 2003For Securities:CHTR

Summary

Charter Communications, Inc. (CHTR) filed an 8-K on November 4, 2003, to report a change in its revenue classification methods. Effective in the third quarter of 2003, the company began to separately report "Commercial revenue." Previously, this segment was integrated within its "video," "high-speed data," and "other" revenue categories. This change provides investors with a more granular view of revenue streams, particularly the contribution from its commercial client base. The company also stated that detailed breakdowns of commercial revenue by quarter for 2002 through September 30, 2003, are available in Exhibit 99.1 filed with this report, and are also accessible on their investor relations website. This enhanced disclosure aims to improve transparency and facilitate a more precise analysis of Charter's revenue performance and business segment growth for investors.

Key Highlights

  • 1Charter Communications has implemented a new revenue classification for "Commercial revenue" starting in Q3 2003.
  • 2Previously, commercial revenue was embedded within video, high-speed data, and other revenue lines.
  • 3The change aims to provide greater transparency into revenue segmentation for investors.
  • 4Detailed quarterly breakdowns of commercial revenue from 2002 through Q3 2003 are provided in Exhibit 99.1.
  • 5This information is also available on Charter's official website in the Investor Relations section.
  • 6The reporting change facilitates better analysis of commercial segment performance.
  • 7The filing date for this 8-K report is November 4, 2003.

Frequently Asked Questions

This 8-K filing is primarily to inform investors about a change in how Charter Communications classifies and reports its revenue. Specifically, "Commercial revenue" is now being reported as a separate category starting in the third quarter of 2003.

This change allows for a clearer understanding of the revenue generated specifically from Charter's commercial customers. Previously, this revenue was mixed with residential video, data, and other services, making it harder to isolate and analyze the commercial segment's performance.

Detailed breakdowns of commercial revenue by quarter for 2002 through September 30, 2003, are provided in Exhibit 99.1, which is filed with this 8-K report. This information is also accessible on Charter Communications' website (www.charter.com) under the 'Investors & News Center' section.

The new revenue classification, with "Commercial revenue" broken out separately, became effective in the third quarter of 2003.