Summary
Charter Communications, Inc. (CHTR) filed a Form 8-K on September 28, 2006, to disclose the posting of selected pro forma financial data on its website. This pro forma data aims to provide investors and analysts with a clearer understanding of the company's operating results by presenting historical financial information as if recent significant asset acquisitions and divestitures had occurred earlier in the presented periods. The data covers the full year 2005 and the first two quarters of 2006. The pro forma adjustments reflect specific asset sales in July 2005 and the third quarter of 2006, as well as an asset purchase in January 2006. Importantly, the company notes that these pro forma figures do not include adjustments for financing transactions, as they did not impact adjusted EBITDA or operating statistics. Investors are encouraged to review this pro forma information in conjunction with Charter's previously filed SEC reports, including its 10-K for 2005 and 10-Q for the second quarter of 2006.
Key Highlights
- 1Charter Communications is releasing pro forma financial data for 2005 and the first half of 2006.
- 2The pro forma data reflects asset sales made in July 2005 and Q3 2006, and an asset purchase in January 2006.
- 3The adjustments are made to present financial data as if transactions occurred from January 1, 2005, for statement of operations and from the end of the respective period for operating data.
- 4Financing transactions completed during the periods are excluded from the pro forma adjustments.
- 5The exclusion of financing transactions is because they did not affect adjusted EBITDA or operating statistics.
- 6This information is intended to assist investors and analysts in analyzing Charter's operating results post-acquisitions and divestitures.
- 7The pro forma data is available on Charter's website under 'Investor Center' and 'Other Financial Information'.