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SEC Filings

424B1
RENAISSANCE MEDIA GROUP LLC filed this Form 424B1 on 09/10/1998
Entire Document
 
<PAGE>
 
                       SELECTED FINANCIAL AND OTHER DATA
 
  The selected financial and other data set forth below were derived from the
historical combined financial statements of the Systems acquired in the
Acquisition and the historical combined and consolidated financial statements
of the Company. The financial data as of December 31, 1996 and 1997 and for
the years ended December 31, 1995, 1996 and 1997 were derived from the
combined financial statements of the Systems and the Company which have been
audited by Ernst & Young LLP, independent auditors. The financial data for the
Systems as of December 31, 1993, 1994, 1995 and for the years ended December
31, 1993 and 1994, the period January 1, to April 8, 1998, and the six months
ended June 30, 1998 were derived from unaudited combined and consolidated
financial statements of the Systems and the Company which, in the opinion of
management, include all adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation of the results of operations
and financial condition of the Systems and the Company for such periods. The
selected financial and other data set forth below should be read in
conjunction with, and are qualified in their entirety by, "Management's
Discussion and Analysis of Financial Condition and Results of Operations" and
the financial statements and notes thereto include elsewhere in this
Prospectus.
 

<TABLE>
<CAPTION>
                                                                                                    RENAISSANCE
                                                                                       HOLDINGS AND MEDIA GROUP
                                                                                          MEDIA         LLC
                                                 SYSTEMS                                 COMBINED   CONSOLIDATED
                         ------------------------------------------------------------- ------------ ------------
                                                                            JANUARY 1-  YEAR ENDED   SIX MONTHS
                                                                             APRIL 8,  DECEMBER 31,    ENDED
                                    YEAR ENDED DECEMBER 31,                    1998        1997       JUNE 30,
                         -------------------------------------------------  ---------- ------------ ------------
                           1993      1994      1995      1996       1997                                1998
                         --------  --------  --------  ---------  --------                          ------------
                                          HISTORICAL                        HISTORICAL  HISTORICAL   HISTORICAL
                         -------------------------------------------------  ---------- ------------ ------------
                                         (DOLLARS IN THOUSANDS, EXCEPT PER SUBSCRIBER DATA)
                            (PREDECESSOR) (1)                (PREDECESSOR) (1)
<S>                      <C>       <C>       <C>       <C>        <C>       <C>        <C>          <C>
STATEMENT OF OPERATIONS
 DATA:
 Revenues (2)........... $ 38,125  $ 40,168  $ 43,549  $  47,327  $ 50,987   $ 15,221    $     65     $ 12,921
 System operating
  expenses (2) (3)......   17,618    18,656    20,787     22,626    23,142      6,952         --         5,996
 Non-system operating
  expenses (4)..........      765     2,032     2,200      2,733     2,782        785          25          662
 Depreciation,
  amortization and loss
  (gain) on disposal of
  fixed assets..........   16,305    16,583    17,610     18,116    19,317      4,935         --         5,457
                         --------  --------  --------  ---------  --------   --------    --------     --------
 Operating income.......    3,437     2,897     2,952      3,852     5,746      2,549          40          806
                         --------  --------  --------  ---------  --------   --------    --------     --------
 Interest expense.......  (12,058)  (11,603)  (11,871)       --        --         --            4        4,329
 Income tax benefit
  (expense).............    3,449     3,482     3,567     (1,502)   (2,262)    (1,191)        --           (75)
                         --------  --------  --------  ---------  --------   --------    --------     --------
 Net (loss) income ..... $ (5,172) $ (5,224) $ (5,352) $   2,350  $  3,484   $  1,358    $     36     $ (3,598)
                         ========  ========  ========  =========  ========   ========    ========     ========
BALANCE SHEET DATA (AT
 PERIOD END):
 Cash and cash
  equivalents........... $    322  $    419  $    566  $     570  $  1,371   $      7    $    903     $  3,287
 Property, plant and
  equipment, net........   32,297    34,739    34,426     36,966    36,944     35,992         --        64,375
 Total assets...........  148,405   142,316   132,905    300,049   288,914    282,943      17,003      319,945
 Total debt.............  133,520   130,068   128,328        --        --         --          --       204,786
 Net (liabilities)
  assets ...............  (43,716)  (48,939)  (54,292)   237,475   224,546    218,154      15,036      104,879
OTHER FINANCIAL DATA:
 Net cash provided by
  operations ...........    7,025     8,019  $  7,523  $  23,088  $ 23,604   $  6,999    $    (97)    $ 12,534
 Net cash (used in)
  investing activities..   (7,777)   (9,964)   (7,376)  (257,643)   (6,390)      (613)   $(15,000)    (296,915)
 Net cash provided by
  (used in) financing
  activities............      683     2,041         0    235,125   (16,413)    (7,750)     16,000      287,668
 EBITDA (5)............. $ 19,742  $ 19,480    20,562     21,968    25,063      7,484          40        6,263
 System cash flow (6)...   20,507    21,512    22,762     24,701    27,845      8,269         --         6,925
 Capital expenditures...    7,777     9,152     7,376      8,170     6,390        613         --           691
 EBITDA margin (2)......     51.8%     48.5%     47.2%      46.4%     49.2%      49.2%       61.5%        48.5%
 Ratio of earnings to
  fixed charges (7).....      --        --        --         --        --         --          --           --
OTHER DATA:
 Homes passed (at period
  end) (8)..............  141,402   143,248   145,148    175,522   178,449    179,402        N.A.      180,561
 Basic subscribers (at
  period end)...........  109,026   115,075   120,340    123,203   126,558    127,191        N.A.      126,985
 Basic penetration (at
  period end) (8).......     77.1%     80.3%     82.9%      70.2%     70.9%      70.9%       N.A.         70.3%
 Premium units (at
  period end)...........   56,764    62,434    60,462     64,716    64,963     61,053        N.A.       60,189
 Premium penetration (at
  period end)...........     52.1%     54.3%     50.2%      52.5%     51.3%      48.0%                    47.4%
 Average monthly revenue
  per basic
  subscriber (9)........ $  29.78  $  29.87  $  30.83  $   32.39  $  34.02   $  36.73        N.A.     $  37.29
 Annual EBITDA per basic
  subscriber (10).......   185.03    173.85    174.69     180.40    200.70     216.69        N.A.       216.89
 Annual system cash flow
  per basic
  subscriber (11) ......   192.20    191.98    193.38     202.85    222.97     239.42        N.A.       239.82
 Annual capital
  expenditures per basic
  subscriber (12).......    72.89     81.68     62.66      67.09     51.17      17.75        N.A.        15.00
</TABLE>

 
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