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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
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<PAGE>   48
 
      UNAUDITED SELECTED HISTORICAL COMBINED FINANCIAL AND OPERATING DATA
 
     The Unaudited Selected Historical Combined Financial and Operating Data for
the years ended December 31, 1996, 1997 and 1998 have been derived from the
separate financial statements of Charter Holdings, CCA Group and CharterComm
Holdings, which have been audited by Arthur Andersen LLP, independent public
accountants, and are included elsewhere in this Prospectus. The combined
financial and operating data represent the sum of the results of each of the
Charter Companies. Each of the companies was managed by CCI in accordance with
its respective management agreement during the presented periods. Since the
Charter Companies were under common management, we believe presenting combined
financial information of these companies is informative.
 
     As a result of the Charter Acquisition, the Company has applied push down
accounting which had the effect of increasing total assets, total debt and
members' equity as of December 23, 1998. In addition, the Company has
retroactively restated its financial statements to include the results of
operations of Marcus for the period from December 24, 1998, through December 31,
1998, and the balance sheet of Marcus as of December 31, 1998. As a result of
the Charter Acquisition and the Marcus Combination, we believe that the periods
on or prior to December 23, 1998 are not comparable to the periods after
December 23, 1998.
 

<TABLE>
<CAPTION>
                                                  COMBINED CHARTER COMPANIES
                                                   YEAR ENDED DECEMBER 31,
                                             ------------------------------------
                                                1996         1997         1998
                                             ----------   ----------   ----------
                                                (DOLLARS IN THOUSANDS, EXCEPT
                                                        CUSTOMER DATA)
<S>                                          <C>          <C>          <C>
COMBINED STATEMENT OF OPERATIONS:
Revenues...................................  $  368,553   $  484,155   $  594,414
                                             ----------   ----------   ----------
Operating expenses:
  Operating, general and administrative....     190,084      249,419      301,107
  Depreciation and amortization............     154,273      198,718      254,105
  Management fees/corporate expense
     charges(a)............................      15,094       20,759       39,114
                                             ----------   ----------   ----------
     Total operating expenses..............     359,451      468,896      594,326
                                             ----------   ----------   ----------
Income from operations.....................  $    9,102   $   15,259   $       88
                                             ==========   ==========   ==========
OTHER FINANCIAL DATA:
Operating cash flow(b).....................  $  178,469   $  236,099   $  293,307
EBITDA(c)..................................     163,375      215,340      268,597
EBITDA margin(d)...........................        44.3%        44.5%        45.2%
Capital expenditures.......................  $  110,291   $  162,607   $  438,076
BALANCE SHEET DATA (AT END OF PERIOD):
Total assets...............................  $1,660,242   $2,002,181   $7,235,656
Total debt.................................   1,195,899    1,846,159    3,523,201
Members' equity............................      26,099      (80,505)   3,429,291
</TABLE>

 
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