8-KEarnings & ResultsExhibits & Filings

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Financial Results (Nov 4, 2004)

Filed November 4, 2004For Securities:CHTR

Summary

Charter Communications, Inc. (CHTR) filed an 8-K on November 4, 2004, to report its third-quarter 2004 financial and operational results. The report primarily furnished a press release detailing these results, which are considered by the SEC as 'furnished' rather than 'filed' under Item 2.02. Investors should note that this filing does not contain new substantive financial statements or exhibits, but rather directs readers to the attached press release for the specific quarterly performance data. The accompanying cautionary statement highlights significant risks and uncertainties facing Charter. These include substantial debt obligations due in 2005, the ability to grow revenues and cash flows amidst competition, securing funds for operations and debt servicing, compliance with debt covenants, and potential repercussions from past financial restatements and ongoing legal investigations. Investors should pay close attention to these risk factors as they could materially impact the company's future performance.

Key Highlights

  • 1The 8-K filing on November 4, 2004, serves to furnish Charter Communications' third-quarter 2004 earnings release, as per Item 2.02 of the SEC form.
  • 2The report does not contain detailed financial statements or exhibits directly within the 8-K body, but references Exhibit 99.1, the press release, for the Q3 2004 results.
  • 3Significant forward-looking statements are included, warning of inherent risks and uncertainties.
  • 4Key risks highlighted include substantial debt maturities starting in 2005 and the company's ability to manage these obligations.
  • 5Challenges in sustaining revenue and cash flow growth due to competition are a primary concern.
  • 6The company's ability to secure necessary funding for operations, capital expenditures, and debt interest payments is identified as a critical factor.
  • 7Potential negative impacts from the restatement of 2000-2002 financial statements and ongoing legal proceedings are noted.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report Charter Communications' results of operations and financial condition for the third quarter ended September 30, 2004, by furnishing the press release that contains these details.

The specific financial results for the third quarter of 2004 are provided in the press release dated November 4, 2004, which is included as Exhibit 99.1 to this 8-K filing. The 8-K itself primarily serves as a notification and furnishes this press release.

The filing explicitly mentions risks such as the company's ability to pay or refinance its significant debt maturing in 2005, challenges in growing revenues and cash flows against increasing competition, the need to secure sufficient funds for operations and debt servicing, compliance with debt covenants, the potential consequences of restating past financial statements, and the outcomes of various ongoing legal investigations and litigations.

While not detailing the specifics of the ongoing matters, the filing mentions the results of a pending grand jury investigation by the U.S. Attorney's Office and the company's efforts to reach settlements for class action, state, and derivative shareholder litigation as significant risk factors that could impact the company.