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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>   70
 
        - Rifkin Acquisition Partners, L.L.L.P. and InterLink Communications
          Partners, LLLP for the period from September 13, 1999, the acquisition
          date, through September 30, 1999;
 
     No operating results are included for the InterMedia systems acquired on
October 1, 1999 or for the Fanch, Falcon or Avalon systems acquired by Charter
Communications Holding Company in November 1999 and transferred to us on January
1, 2000.
 
     The following table sets forth the percentages of revenues that items in
the unaudited statements of operations constitute for the indicated periods.
 

<TABLE>
<CAPTION>
                                                      NINE MONTHS ENDED SEPTEMBER 30,
                                                  ----------------------------------------
                                                        1999                   1998
                                                  -----------------      -----------------
                                                           (DOLLARS IN THOUSANDS)
<S>                                               <C>         <C>        <C>         <C>
STATEMENTS OF OPERATIONS
Revenues........................................  $ 845,182   100.0%     $ 32,532    100.0%
                                                  ---------   -----      --------    -----
Operating expenses:
  Operating, general and administrative.........    436,057    51.6        17,498     53.8
  Depreciation and amortization.................    441,391    52.2        11,236     34.5
  Stock option compensation expense.............     59,288     7.0            --       --
  Management fees/corporate expense charges.....     18,309     2.2         1,499      4.6
                                                  ---------   -----      --------    -----
          Total operating expenses..............    955,045   113.0        30,233     92.9
                                                  ---------   -----      --------    -----
(Loss) income from operations...................   (109,863)  (13.0)        2,299      7.1
Interest income.................................     18,326     2.2            23      0.1
Interest expense................................   (288,750)  (34.2)      (11,831)   (36.4)
Other (expense) income..........................       (177)     --             6       --
                                                  ---------   -----      --------    -----
Loss before extraordinary item..................   (380,464)  (45.0)       (9,503)   (29.2)
Extraordinary item-loss from early
  extinguishment of debt........................      7,794     0.9            --       --
                                                  ---------   -----      --------    -----
          Net loss..............................  $(388,258)  (45.9)%    $ (9,503)   (29.2)%
                                                  =========   =====      ========    =====
</TABLE>

 
PERIOD FROM JANUARY 1, 1999 THROUGH SEPTEMBER 30, 1999
COMPARED TO PERIOD FROM JANUARY 1, 1998 THROUGH SEPTEMBER 30, 1998
 
     REVENUES.  Revenues increased by $812.7 million, from $32.5 million for the
first nine months of 1998 to $845.2 million for the first nine months of 1999.
The increase in revenues primarily resulted from the acquisitions of CCA Group
and CharterComm Holdings, Sonic, Marcus Holdings and other recent acquisitions.
Additional revenues from these entities included for the nine-month period ended
September 30, 1999 were $439.3 million, $26.2 million, $261.2 million and $90.7
million, respectively.
 
     OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES.  Operating, general and
administrative expenses increased by $418.6 million, from $17.5 million for the
period from January 1, 1998 through September 30, 1998 to $436.1 million for the
period from January 1, 1999 through September 30, 1999. This increase was due
primarily to the acquisitions of the CCA Group and CharterComm Holdings, Sonic,
Marcus Holdings and other recent acquisitions. Additional operating, general and
administrative expenses from these entities included for the nine-month period
ended September 30, 1999 were $221.1 million, $13.7 million, $140.4 million and
$46.8 million, respectively.
 
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