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SEC Filings

10-Q
AVALON CABLE OF MICHIGAN INC/ filed this Form 10-Q on 11/12/1999
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           AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES
                          CONSOLIDATED BALANCE SHEET
                                (In thousands)

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                                                                                     December 31,   September 30,
                                                                                          1998            1999
                                                                                        --------        --------
                                                                                                       (Unaudited)
<S>                                                                                 <C>            <C>
Assets
Current assets
    Cash                                                                                  $  9,288        $  2,995
    Accounts receivable, net of allowance for doubtful accounts of $943 and $1,275           5,862           7,564
    Prepayments and other current assets                                                     1,388           1,586
    Accounts receivable from related parties                                                   124              --
    Deferred income taxes                                                                      377              --
                                                                                          --------        --------
         Total current assets                                                               17,039          12,145
    Property, plant and equipment, net                                                     111,421         121,973
    Intangible assets, net                                                                 462,117         468,856
    Deferred charges and other assets                                                        1,302           1,121
                                                                                          --------        --------
         Total assets                                                                     $591,879        $604,095
                                                                                          ========        ========
Liabilities and Shareholders' Equity
Current liabilities
    Current portion of notes payable                                                      $     20        $     25
    Accounts payable and accrued expenses                                                   11,646          22,242
    Advance billings and customer deposits                                                   3,171           3,272
    Accounts payable--affiliate                                                              2,023           3,160
                                                                                          --------        --------
         Total current liabilities                                                          16,860          28,699
    Long-term debt                                                                         402,949         452,778
    Notes payable--affiliate                                                                 3,341              --
    Deferred income taxes                                                                   80,811          67,136
                                                                                          --------        --------
         Total liabilities                                                                 503,961         548,613
                                                                                          --------        --------
Commitments and contingencies (Note 5)
Minority Interest                                                                           61,836          44,512
                                                                                          --------        --------
Stockholders' equity
    Common stock                                                                                --              --
    Additional paid-in capital                                                              35,000          35,000
    Accumulated deficit                                                                     (8,918)        (24,030)
                                                                                          --------        --------
         Total stockholders' equity                                                         26,082          10,970
                                                                                          --------        --------
         Total liabilities and shareholders' equity                                       $591,879        $604,095
                                                                                          ========        ========
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