Print Page  Close Window

SEC Filings

S-4
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4 on 04/01/1999
Entire Document
 
<PAGE>
 
                    AMRAC CLEAR VIEW, A LIMITED PARTNERSHIP
 
                            STATEMENTS OF CASH FLOWS
 
              For the years ended December 31, 1995, 1996 and 1997
 

<TABLE>
<CAPTION>
                                                 1995       1996       1997
                                               ---------  ---------  ---------
<S>                                            <C>        <C>        <C>
Cash flows from operating activities
  Net earnings................................ $ 170,527  $ 233,755  $ 629,832
  Adjustments to reconcile net earnings to net
   cash provided by operating activities:
    Depreciation and amortization.............   330,913    340,166    136,497
  Changes in assets and liabilities:
    (Increase) decrease in:
      Subscribers and other receivables.......     4,573    (12,093)   (16,529)
      Prepaid expenses........................    (3,378)    (9,468)   (46,019)
    Increase (decrease) in accounts payable
     and accrued expenses.....................   (66,424)    69,262    (15,117)
                                               ---------  ---------  ---------
        Net cash provided by operating
         activities...........................   436,211    621,622    688,664
                                               ---------  ---------  ---------
Cash flows for investing activities
  Purchases of equipment......................  (116,794)   (74,879)  (118,043)
                                               ---------  ---------  ---------
Cash flows for financing activities
  Repayment of long-term debt.................  (239,250)  (260,750)  (284,000)
  Distributions to partners...................   (63,830)
                                               ---------  ---------  ---------
        Net cash used by financing activities.  (303,080)  (260,750)  (284,000)
                                               ---------  ---------  ---------
Net increase in cash and cash equivalents.....    16,337    285,993    286,621
Cash and cash equivalents, beginning of year..   172,967    189,304    475,297
                                               ---------  ---------  ---------
Cash and cash equivalents, end of year........ $ 189,304  $ 475,297  $ 761,918
                                               =========  =========  =========
Supplemental disclosures
  Cash paid during the year for:
    Interest.................................. $ 133,540  $  94,038  $  73,124
                                               =========  =========  =========
</TABLE>

 
 
                       See notes to financial statements
 
                                      F-48