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SEC Filings

10-Q
AVALON CABLE OF MICHIGAN INC/ filed this Form 10-Q on 08/16/1999
Entire Document
 
<PAGE>
 
                 AVALON CABLE OF MICHIGAN, INC. AND SUBSIDIARIES

           CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                      (In thousands, except share amounts)




<TABLE>
<CAPTION>
                                            For the Six Months Ended June 30, 1999 (Unaudited)
                                      -------------------------------------------------------------
                                        Common                Additional                 Total
                                        Shares      Common     Paid-In   Accumulated  Shareholders'
                                      Outstanding    Stock     Capital     Deficit       Equity
                                      -----------   ------    --------   -----------  -------------
<S>                                      <C>          <C>     <C>         <C>            <C>     
Balance, December 31, 1998               100          $--     $ 35,000    $  (8,918)     $ 26,082
Net loss for the six months ended                   
   June 30, 1999                          --           --          --        (9,773)       (9,773)
                                         ---        -----     --------    ---------      -------- 
Balance, June 30, 1999                   100          $--     $ 35,000    $ (18,691)     $ 16,309
                                         ===        =====     ========    =========      ========
</TABLE>


The accompanying notes are an integral part of these consolidated financial
statements.

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