Print Page  Close Window

SEC Filings

424B1
RENAISSANCE MEDIA GROUP LLC filed this Form 424B1 on 09/10/1998
Entire Document
 
<PAGE>
 
                          RENAISSANCE MEDIA GROUP, LLC
 
                      CONSOLIDATED STATEMENT OF CASH FLOW
                     FOR THE SIX MONTHS ENDED JUNE 30, 1998
                                  (UNAUDITED)
 

<TABLE>
<S>                                                               <C>
OPERATING ACTIVITIES:
Net (loss)....................................................... $ (3,597,946)
Adjustments to non-cash and non-operating items:
 Depreciation and amortization...................................    5,482,790
 Accretion on Senior Discount Notes..............................    2,274,236
 Changes in operating assets and liabilities:
  Accounts receivable--other.....................................     (400,123)
  Accounts receivable--trade, net................................   (1,021,853)
  Prepaid expenses and other assets..............................     (359,562)
  Accounts payable...............................................      639,586
  Accrued expenses...............................................    8,297,874
  Subscriber advance payments and deposits.......................      601,853
  Other liabilities..............................................        4,421
  Advances from affiliates.......................................      104,373
  Deferred marketing support.....................................      508,467
                                                                  ------------
Net cash provided by operating activities........................   12,534,116
INVESTING ACTIVITIES:
 Purchased cable television systems:
  Property, plant and equipment..................................  (65,216,000)
  Cable television franchises.................................... (235,676,000)
  Cash paid in excess of identifiable assets.....................   (8,608,000)
 Escrow deposit..................................................   15,000,000
 Capital expenditures ...........................................     (691,365)
 Cable television franchises.....................................   (1,234,756)
 Other intangible assets.........................................     (440,198)
 Deferred acquisition costs......................................      (49,035)
                                                                  ------------
Net cash (used in) investing activities.......................... (296,915,354)
FINANCING ACTIVITIES:
 Debt acquisition costs..........................................   (8,343,142)
 Principal repayments on bank debt...............................   (7,500,000)
 Proceeds from bank debt.........................................  110,000,000
 Proceeds from 10% Senior Discount Notes.........................  100,011,589
 Capital contributions (includes cash previously held by
  Renaissance Media Holdings LLC)................................   93,500,000
                                                                  ------------
Net cash provided by financing activities........................  287,668,447
                                                                  ------------
NET INCREASE IN CASH AND CASH EQUIVALENTS .......................    3,287,209
CASH AND CASH EQUIVALENTS AT DECEMBER 31, 1997...................          --
                                                                  ------------
CASH AND CASH EQUIVALENTS AT JUNE 30, 1998....................... $  3,287,209
                                                                  ============
</TABLE>

 
                See accompanying notes to financial statements.
 
                                      F-12