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SEC Filings

10-Q
AVALON CABLE OF MICHIGAN INC/ filed this Form 10-Q on 11/12/1999
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 Nine Months Ended September 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 nine months ended
 September 30, 1999                            --       --           --        (15,437)      (15,437)
                                      ------------  -------  -----------      ---------     ---------
Balance, September 30, 1999                   100      $--      $35,000       $(24,355)     $ 10,645
                                      ============  =======  ===========      =========     =========
</TABLE>

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