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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
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<PAGE>   512
 
                      RIFKIN ACQUISITION PARTNERS, L.L.L.P
 
                      CONSOLIDATED STATEMENT OF CASH FLOWS
 

<TABLE>
<CAPTION>
                                                                FOR THE PERIOD ENDED
                                                           ------------------------------
                                                           SEPTEMBER 13,    SEPTEMBER 30,
                                                               1999             1998
                                                           -------------    -------------
                                                                    (UNAUDITED)
<S>                                                        <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss.................................................  $(21,682,592)    $ (8,928,253)
Adjustments to reconcile net loss to net cash provided by
  operating activities:
  Depreciation and amortization..........................    29,441,675       27,971,592
  Amortization of deferred loan costs....................       684,095          742,320
  Gain on sale of assets.................................            --       (5,989,846)
  Loss on disposal of fixed assets.......................       996,459        2,878,535
  Decrease in deferred tax benefit.......................    (1,975,000)      (3,503,000)
  Amortization of organizational costs...................       111,607               --
  (Increase) decrease in customer accounts receivables...       673,618           (1,203)
  Decrease in other receivables..........................     2,253,299          336,629
  (Increase) decrease in prepaid expenses and other......       782,309           (9,166)
  Increase in accounts payable and accrued liabilities...     9,424,921          307,296
  Decrease in customer deposits and prepayments..........      (162,168)        (126,736)
  Decrease in interest payable...........................    (4,008,935)      (3,716,837)
  Increase in payable to affiliates......................       303,047               --
                                                           ------------     ------------
     Net cash provided by operating activities...........    16,842,335        9,961,331
                                                           ------------     ------------
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment...............   (26,692,423)     (22,583,508)
Additions to cable television franchises, net of
  retirements............................................            --         (875,107)
Net proceeds from the sale of cable systems..............       276,147       17,050,564
Net proceeds from the sale of other assets...............       223,657          194,579
                                                           ------------     ------------
       Net cash used in investing activities.............   (26,192,619)      (6,213,472)
                                                           ------------     ------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term bank debt........................    11,500,000       21,500,000
Payments of long-term bank debt..........................            --      (24,925,000)
Partners' capital contributions..........................           500               --
Equity distributions to partners.........................            --          (60,076)
                                                           ------------     ------------
       Net cash provided by (used in) financing
          activities.....................................    11,500,500       (3,485,076)
                                                           ------------     ------------
NET INCREASE IN CASH.....................................     2,150,216          262,783
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD...........     2,324,892        1,902,555
                                                           ------------     ------------
CASH AND CASH EQUIVALENTS, END OF PERIOD.................  $  4,475,108     $  2,165,338
                                                           ============     ============
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The accompanying notes are an integral part of the consolidated financial
statements.
 
                                      F-283