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SEC Filings

8-K/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K/A on 01/26/2000
Entire Document
 
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<TABLE>
<CAPTION>

                                                                     NINE MONTHS ENDED SEPTEMBER 30, 1999
                                         -----------------------------------------------------------------------------------------
                                                                        RECENT ACQUISITIONS
                                         -----------------------------------------------------------------------------------------
                                                                                   PRO FORMA
                                         -----------------------------------------------------------------------------------------
                                         HISTORICAL    ACQUISITIONS(B)     DISPOSITIONS(C)     ADJUSTMENTS                TOTAL
                                         ----------    ---------------     ---------------     -----------              ----------
<S>                                      <C>               <C>               <C>                <C>                     <C>       
Revenues..........................       $  441,076        $  8,286          $  (49,436)        $  (3,328) (e)            396,598
                                         ----------        --------          ----------         ---------               ---------
Operating expenses:
  Operating, general and
    administrative................          259,071           4,358             (23,566)          (38,700) (e)(f)         201,163
  Depreciation and amortization...          197,317           1,126             (20,845)           25,894  (g)            203,492
  Equity-based deferred
   compensation...................                -               -                   -                 -                       -
  Corporate expense charges.......                -               -                   -            32,113  (f)             32,113
  Management fees.................            8,196             395              (1,713)                -                   6,878
                                         ----------        --------          ----------         ---------               ---------
    Total operating expenses......          464,584           5,879             (46,124)           19,307                 443,646
                                         ----------        --------          ----------         ---------               ---------
Income (loss) from operations.....          (23,508)          2,407              (3,312)          (22,635)                (47,048)
Interest expense..................          (85,292)         (1,366)                 11           (20,226) (i)           (106,873)
Interest income...................              465              36                   -                 -                     501
Other income (expense)............          (15,887)              9                 (21)           15,459  (j)               (440)
                                         ----------        --------          ----------         ---------               ---------
Income (loss) before income
  tax expense (benefit)...........         (124,222)          1,086              (3,322)          (27,402)               (153,860)
Income tax expense (benefit)......             (181)           (114)                  -               295  (k)                  - 
                                         ----------        --------          ----------         ---------               ---------
Income (loss) before
  extraordinary item..............       $ (124,041)       $  1,200          $   (3,322)        $ (27,697)              $(153,860)
                                         ==========        ========          ==========         =========               =========


<CAPTION>



                                                             NINE MONTHS ENDED SEPTEMBER 30, 1999
                                  -----------------------------------------------------------------------------------------
                                                                     FALCON ACQUISITION
                                  -----------------------------------------------------------------------------------------
                                                                         PRO FORMA
                                  -----------------------------------------------------------------------------------------
                                  HISTORICAL      ACQUISITIONS(B)    DISPOSITIONS(D)          ADJUSTMENTS           TOTAL
                                  ----------      ---------------    ---------------          -----------        ----------
<S>                               <C>                 <C>                <C>                    <C>              <C>       
Revenues ......................   $ 320,228           $ 2,968            $  (457)               $      -         $  322,739
                                  ---------           -------            -------                --------         ----------
Operating expenses:
  Operating, general and
    administrative ............     167,824             1,599               (240)                (12,221) (f)       156,962
  Depreciation and amortization     168,546               936               (195)                 34,753  (g)       204,040
  Equity-based deferred
   compensation ...............      44,600                 -                  -                 (44,600) (h)             -
  Corporate expense charges ...           -                 -                  -                  12,221  (f)        12,221
  Management fees .............           -                70                  -                       -                 70
                                  ---------           -------            -------                --------         ----------
    Total operating expenses ..     380,970             2,605               (435)                 (9,847)           373,293
                                  ---------           -------            -------                --------         ----------
Income (loss) from operations..     (60,742)              363                (22)                  9,847           (50,554)
Interest expense ..............     (98,931)             (221)                 2                 (40,309) (i)     (139,459)
Interest income ...............           -                 -                  -                       -                 -
Other income (expense) ........       8,085                73             (2,555)                 (5,603) (j)            -
                                  ---------           -------            -------                --------         ---------
Income (loss) before income
  tax expense (benefit) .......    (151,588)              215             (2,575)                (36,065)         (190,013)
Income tax expense (benefit) ..      (3,022)                -                  -                   3,022  (k)            -
                                  ---------           -------            -------                --------         ---------
Income (loss) before
  extraordinary item ..........   $(148,566)          $   215            $(2,575)               $(39,087)        $(190,013)
                                  =========           =======            =======                ========         =========

</TABLE>



(a)      Renaissance represents the results of operations of Renaissance Media
         Group LLC through April 30, 1999, the date of acquisition by Charter
         Holdings. American Cable represents the results of operations of
         American Cable Entertainment, LLC (American Cable) through May 7, 1999,
         the date of acquisition by Charter Holdings. Greater Media Systems
         represents the results of operations of cable systems of Greater Media
         Cablevision, Inc. through June 30, 1999, the date of acquisition by
         Charter Holdings. Helicon represents the results of operations of
         Helicon Partners I, L.P. and affiliates through July 30, 1999, the date
         of acquisition by Charter Holdings. Rifkin includes its results of
         operations through September 13, 1999, the date of acquisition by
         Charter Holdings. Other represents the results of operations of Vista
         Broadband Communications, L.L.C. through July 30, 1999, the date of
         acquisition by Charter Holdings and the results of operations of cable
         systems of Cable Satellite of South Miami, Inc. through August 4, 1999,
         the date of acquisition by Charter Holdings.

(b)      Represents the historical results of operations for the period from
         January 1, 1999 through the date of purchase for acquisitions completed
         by Rifkin and Falcon. These acquisitions were accounted for using the
         purchase method of accounting. The purchase price in millions and
         closing dates for significant acquisitions are as follows:

<TABLE>
<CAPTION>

                                                         RIFKIN
                                                         ------
         <S>                                           <C>   
         Purchase price............                    $165.0
         Closing date..............                    February 1999
         Purchase price............                    $53.8
         Closing date..............                    July 1999
</TABLE>


(c)      Represents the elimination of the operating results related to the
         cable systems transferred to InterMedia as part of a swap of cable
         systems in October 1999. The agreed value of our systems transferred to
         InterMedia was $420.0 million. This number includes 30,000 customers
         served by an Indiana cable system that we did not transfer at the time
         of the InterMedia closing because some of the necessary regulatory
         approvals were still pending. We are obligated to transfer this system
         to InterMedia upon receipt of such regulatory approvals. We will have
         to pay $88.2 million to InterMedia if we do not obtain timely
         regulatory approvals for our transfer to InterMedia of the Indiana
         cable system and we are unable to transfer replacement systems. No
         material gain or loss is anticipated on the disposition as these
         systems were recently acquired and recorded at fair value at that time.

(d)      Represents the elimination of the operating results related to the
         sale of a Falcon cable system sold in January 1999.

(e)      Reflects the elimination of historical revenues and expenses
         associated with an entity not included in the purchase by Charter.








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