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>
 
             UNAUDITED PRO FORMA COMBINED STATEMENTS OF OPERATIONS
                        For Year Ended December 31, 1998
 

<TABLE>
<CAPTION>
                                                                                      Probable                      Unaudited
                    Michigan      Cable     Avalon   Avalon New                     Transactions   Pro Forma        Pro Forma
                   Holdings(1) Michigan(2) Cable(3)  England(4) Amrac(5) Pegasus(6)  Taconic(7)  Adjustments(8)     Combined
                   ----------- ----------- --------  ---------- -------- ---------- ------------ --------------     ---------
                                              (dollars in thousands)
<S>                <C>         <C>         <C>       <C>        <C>      <C>        <C>          <C>                <C>
Revenues.........    $13,657    $ 74,521   $ 1,299     $3,231     $779     $3,277      $2,086       $  6,061 (a)    $104,911
Operating
 expenses........      7,469      38,621       761      1,838      443      1,693       1,378          4,036 (a)      56,239
Corporate
 overhead........        249       6,087        56        350       42         97          22             97 (a)       7,000
Depreciation and
 amortization....      6,614      28,098       440      1,129       47        835         426          7,239 (b)      44,828
Non-recurring
 expenses........        --        5,764       --         --       --         --          --             --            5,764
                     -------    --------   -------     ------     ----     ------      ------       --------        --------
Operating (loss)
 income..........       (675)     (4,049)       42        (86)     247        652         260         (5,311)         (8,920)
Interest expense,
 net.............     (6,784)     (7,382)     (785)      (503)     --        (938)        (17)       (29,120)(c)     (45,529)
Other income
 (expense), net..       (769)        897    (1,311)       --       --         (22)        (97)        (2,280)(d)(e)   (3,582)
                     -------    --------   -------     ------     ----     ------      ------       --------        --------
Net (loss)
 income..........    $(8,228)   $(10,534)  $(2,054)    $ (589)    $247     $ (308)     $  146       $(36,711)       $(58,031)
                     =======    ========   =======     ======     ====     ======      ======       ========        ========
</TABLE>

 
 
 
 
      (See Notes to Unaudited Pro Forma Combined Statements of Operations)
 
                                       32