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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
Entire Document
 
<PAGE>   399
                            INTERMEDIA CABLE SYSTEMS
              (COMPRISED OF COMPONENTS OF INTERMEDIA PARTNERS AND
                     INTERMEDIA CAPITAL PARTNERS IV, L.P.)
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
                             (DOLLARS IN THOUSANDS)
 
     The cable television assets received have been recorded at fair market
value, allocated as follows:
 

<TABLE>
<S>                                                           <C>
Property and equipment......................................  $ 5,141
Franchise rights............................................   24,004
                                                              -------
          Total.............................................  $29,145
                                                              =======
</TABLE>

 
     The exchange resulted in a gain of $26,218 calculated as the difference
between the fair value of the assets received and the net book value of the
Exchanged Assets less cash paid of $398.
 
4. INTANGIBLE ASSETS
 
     Intangible assets consist of the following:
 

<TABLE>
<CAPTION>
                                                                  DECEMBER 31,
                                                              --------------------
                                                                1998        1997
                                                              ---------   --------
<S>                                                           <C>         <C>
Franchise rights............................................  $ 332,157   $302,308
Goodwill....................................................     58,505     58,772
Other.......................................................        345      6,392
                                                              ---------   --------
                                                                391,007    367,472
Accumulated amortization....................................   (135,651)   (83,910)
                                                              ---------   --------
                                                              $ 255,356   $283,562
                                                              =========   ========
</TABLE>

 
5. PROPERTY AND EQUIPMENT
 
     Property and equipment consist of the following:
 

<TABLE>
<CAPTION>
                                                                 DECEMBER 31,
                                                              -------------------
                                                                1998       1997
                                                              --------   --------
<S>                                                           <C>        <C>
Land........................................................  $  1,068   $  1,898
Cable television plant......................................   231,937    138,117
Building and improvements...................................     5,063      4,657
Furniture and fixtures......................................     3,170      2,009
Equipment and other.........................................    25,396     21,808
Construction-in-progress....................................    18,065     49,791
                                                              --------   --------
                                                               284,699    218,280
Accumulated depreciation....................................   (66,234)   (38,599)
                                                              --------   --------
                                                              $218,465   $179,681
                                                              ========   ========
</TABLE>

 
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