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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 10/20/1998
Entire Document
 
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                          Renaissance Media Group LLC
                     Consolidated Statement of Cash Flows
                         (All Dollar Amounts in 000's)


<TABLE> 
<CAPTION> 
                                                                                                  Six Months Ended
                                                                                                    June 30, 1998
                                                                                                     (unaudited)
                                                                                             -----------------------------
<S>                                                                                          <C> 
Operating Activities:
Net Income (loss)                                                                                                $(3,598)
Adjustments to non-cash and non-operating items:
  Depreciation and amortization                                                                                     5,483
  Accretion on senior discount notes and non-cash interest expense                                                  2,274
  Changes in operating assets and liabilities:
     Accounts receivable - other                                                                                    (400)
     Accounts receivable - trade, net                                                                             (1,022)
     Prepaid expenses and other assets                                                                              (360)
     Accounts payable                                                                                                 640
     Accrued expenses                                                                                               8,298
     Subscriber advance payments and deposits                                                                         602
     Other liabilities                                                                                                  4
     Advances from affiliates                                                                                         104
     Deferred marketing support                                                                                       509
                                                                                             -----------------------------
Net cash provided by operating activities                                                                          12,534

Investing Activities:
  Purchased cable television systems:
    Property, plant and equipment                                                                                (65,216)
    Cable television franchises                                                                                 (235,676)
    Cash paid in excess of identifiable assets                                                                    (8,608)
  Capital expenditures                                                                                              (691)
  Cable television franchises                                                                                     (1,235)
  Other Intangible assets                                                                                           (490)
                                                                                             -----------------------------
Net cash used in investing activities                                                                           (311,916)

Financing Activities:
  Debt acquisition costs                                                                                          (8,343)
  Principal repayments on bank debt                                                                               (7,500)
  Proceeds from bank debt                                                                                         110,000
  Proceeds from 10% Senior Discount Notes                                                                         100,012
  Capital Contributions (includes cash contributed by Renaissance Media Holdings, LLC)                            108,500
                                                                                             -----------------------------
Net cash provided by financing activities                                                                         302,669
                                                                                             -----------------------------
Net increase in cash and cash equivalents                                                                           3,287
Cash and cash equivalents at beginning of period                                                                        _
                                                                                             -----------------------------
Cash and cash equivalents at end of period                                                                         $3,287
                                                                                             =============================
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          See accompanying notes to consolidated financial statements

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