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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, INC. AND SUBSIDIARIES

                          CONSOLIDATED BALANCE SHEET
                                (In thousands)

<TABLE>
<CAPTION>
  
                                                                                         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
                                                                                           --------           --------
Shareholders' equity
        Common stock                                                                             --                 --
        Additional paid-in capital                                                           35,000             35,000
        Accumulated deficit                                                                  (8,918)           (24,030)
                                                                                           --------           --------
            Total shareholders' equity                                                       26,082             10,970
                                                                                           --------           --------
            Total liabilities and shareholders' equity                                     $591,879           $604,095
                                                                                           ========           ========
</TABLE>



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