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SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
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<PAGE>   72
 
     The following table sets forth the percentages of revenues that items in
the statements of operations constitute for the indicated periods.
 

<TABLE>
<CAPTION>
                                                               YEAR ENDED
                                                              DECEMBER 31,                     1/1/98              12/24/98
                                                  ------------------------------------         THROUGH             THROUGH
                                                        1996                1997              12/23/98             12/31/98
                                                  ----------------    ----------------    -----------------    ----------------
                                                                             (DOLLARS IN THOUSANDS)
<S>                                               <C>        <C>      <C>        <C>      <C>         <C>      <C>        <C>
STATEMENTS OF OPERATIONS
Revenues........................................  $14,881    100.0%   $18,867    100.0%   $ 49,731    100.0%   $13,713    100.0%
                                                  -------    -----    -------    -----    --------    -----    -------    -----
Operating expenses:
 Operating costs................................    5,888     39.5%     9,157     48.5%     18,751     37.7%     6,168     45.0%
 General and administrative costs...............    2,235     15.0%     2,610     13.8%      7,201     14.5%       966      7.0%
 Depreciation and amortization..................    4,593     30.9%     6,103     32.4%     16,864     33.9%     8,318     60.7%
 Stock option compensation expense..............       --       --         --       --          --       --        845      6.2%
 Management fees/corporate expense charges......      446      3.0%       566      3.0%      6,176     12.4%       473      3.4%
                                                  -------    -----    -------    -----    --------    -----    -------    -----
 Total operating expenses.......................   13,162     88.4%    18,436     97.7%     48,992     98.5%    16,770    122.3%
                                                  -------    -----    -------    -----    --------    -----    -------    -----
Income (loss) from operations...................    1,719     11.6%       431      2.3%        739      1.5%    (3,057)   (22.3%)
Interest income.................................       20      0.1%        41      0.2%         44      0.1%       133      1.0%
Interest expense................................   (4,415)   (29.7%)   (5,120)   (27.1%)   (17,277)   (34.7%)   (2,353)   (17.2%)
Other income (expense)..........................      (47)    (0.3%)       25      0.1%       (728)    (1.5%)       --       --
                                                  -------    -----    -------    -----    --------    -----    -------    -----
Net loss........................................  $(2,723)   (18.3%)  $(4,623)   (24.5%)  $(17,222)   (34.6%)  $(5,277)   (38.5%)
                                                  =======    =====    =======    =====    ========    =====    =======    =====
</TABLE>

 
PERIOD FROM DECEMBER 24, 1998 THROUGH DECEMBER 31, 1998
 
     This period is not comparable to any other period presented. The financial
statements represent eight days of operations. This period not only contains the
results of operations of Charter Communications Properties, but also the results
of operations of those entities purchased in the acquisition of the Charter
companies by Mr. Allen. As a result, no comparison of the operating results for
this eight-day period is presented.
 
PERIOD FROM JANUARY 1, 1998 THROUGH DECEMBER 23, 1998 COMPARED TO 1997
 
     REVENUES.  Revenues increased by $30.9 million, or 163.6%, from $18.9
million in 1997 to $49.7 million for the period from January 1, 1998 through
December 23, 1998. The increase in revenues primarily resulted from the
acquisition of Sonic, which had revenues for that period of $29.8 million.
 
     OPERATING EXPENSES.  Operating expenses increased by $9.6 million, or
104.8%, from $9.2 million in 1997 to $18.8 million for the period from January
1, 1998 through December 23, 1998. This increase was due primarily to the
acquisition of Sonic, which had operating expenses for that period of $9.4
million, partially offset by the loss of $1.4 million on the sale of a cable
system in 1997.
 
     GENERAL AND ADMINISTRATIVE EXPENSES.  General and administrative expenses
increased by $4.6 million, or 175.9%, from $2.6 million in 1997 to $7.2 million
for the period from January 1, 1998 through December 23, 1998. This increase was
due primarily to the acquisition of Sonic, which had general and administrative
expenses for that period of $6.0 million.
 
     DEPRECIATION AND AMORTIZATION.  Depreciation and amortization expense
increased by $10.8 million, or 176.3%, from $6.1 million in 1997 to $16.9
million for the period from January 1, 1998 through December 23, 1998. There was
a significant increase in amortization resulting from the acquisition of Sonic.
Incremental depreciation and amortization expenses of the acquisition of Sonic
were $9.9 million.
 
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