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SEC Filings

S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 04/30/1999
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<TABLE>
<CAPTION>
                                                       COMBINED CHARTER COMPANIES
                                                        YEAR ENDED DECEMBER 31,
                                                    --------------------------------
                                                      1996        1997        1998
                                                    --------    --------    --------
                                                         (DOLLARS IN THOUSANDS)
<S>                                                 <C>         <C>         <C>
COMBINED STATEMENT OF OPERATIONS DATA:
Revenues..........................................  $368,553    $484,155    $594,414
                                                    --------    --------    --------
Operating expenses:
  Operating, general and administrative...........   190,084     249,419     301,108
  Depreciation and amortization...................   154,273     198,718     254,105
  Management fees/corporate expense charges.......    15,094      20,759      39,114
                                                    --------    --------    --------
  Total operating expenses........................   359,451     468,896     594,327
                                                    --------    --------    --------
Income from operations............................  $  9,102    $ 15,259    $     87
                                                    ========    ========    ========
</TABLE>

 
1998 COMPARED TO 1997
 
     REVENUES.  Revenues increased by $110.3 million, or 22.8%, from $484.2
million in 1997 to $594.4 million in 1998. This increase in revenues resulted
from the Sonic Acquisition and Marcus Combination in 1998 and acquisitions made
during 1997 and an internally generated increase in basic subscribers and an
increase in premium service subscriptions.
 
     The Company has grown its subscriber base internally as a result of
management's marketing efforts to add new customers, increased efforts to retain
existing customers and a limited amount of new-build construction to increase
the coverage area of its systems.
 
     Premium subscriptions have increased as a result of the Sonic Acquisition,
Marcus Combination and the Company's marketing efforts.
 
     OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES.  Operating, general and
administrative expenses increased by $53.1 million, or 21.4%, from $248.1
million in 1997 to $301.1 million in 1998. This increase was due primarily to
the Sonic Acquisition and Marcus Combination in 1998 and acquisitions made
during 1997.
 
     DEPRECIATION AND AMORTIZATION.  Depreciation and amortization increased by
$55.4 million, or 27.9% from $198.7 million in 1997 to $254.1 million in 1998.
There was a significant increase in amortization resulting from the Sonic
Acquisition and other acquisitions made by CharterComm Holdings and CCA Group.
The increase is also attributed to the continued increases in capital
expenditures.
 
     MANAGEMENT FEES/CORPORATE EXPENSE CHARGES.  Management fees/corporate
expense charges increased by $18.4 million, or 88.4% from $20.8 million in 1997
to $39.1 million in 1998. The increase from 1997 compared to 1998 was primarily
the result of additional CCI charges related to the Charter Appreciation Rights
Plan of $14.4 million for fiscal 1998.
 
1997 COMPARED TO 1996
 
     REVENUES.  Revenues increased by $115.6 million, or 31.4%, from $368.6
million in 1996 to $484.2 million in 1997. This increase was due to acquisitions
of cable systems in 1996 and 1997 as well as an increase in the average monthly
revenue per basic customer from $34.05 in 1996 to $37.15 in 1997.
 
     OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES.  Operating, general and
administrative expenses increased by $58.0 million, or 30.5%, from $190.1
million in 1996 to $248.1
 
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