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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
Entire Document
 
<PAGE>   253
 
                 GREATER MEDIA CABLEVISION SYSTEMS (SEE NOTE 1)
 
                       COMBINED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                           THREE MONTHS
                                               ENDED
                                           DECEMBER 31,            YEAR ENDED SEPTEMBER 30,
                                     -------------------------   ----------------------------
                                        1998          1997        1998      1997       1996
                                        ----          ----        ----      ----       ----
                                            (UNAUDITED)
<S>                                  <C>           <C>           <C>       <C>       <C>
Net income.........................    $ 3,194       $ 3,485     $12,478   $10,818   $  9,200
Adjustments to reconcile net income
  to net cash provided by operating
  activities:
  Provision in lieu of income
     taxes.........................      2,111         2,163       8,008     7,964      5,987
  Depreciation and amortization....      2,203         1,774       8,183     7,368      7,353
  Loss on sale of fixed assets.....                       --         300       715        274
Changes in assets and liabilities:
  Accounts receivable, prepaid
     expenses and other assets.....        426        (1,609)       (813)   (1,115)      (498)
  Other assets.....................         --            (3)         24       (30)       (11)
  Accounts payable and accrued
     expenses......................        (34)           38       1,825      (440)    (1,900)
  Customers' prepayments and
     deferred installation
     revenue.......................          8             4          96       367         94
  Customers' deposits and deferred
     revenue.......................        (18)           (4)       (270)      (69)       466
                                       -------       -------     -------   -------   --------
 
Net cash provided by operating
  activities.......................      7,890         5,848      29,831    25,578     20,965
                                       -------       -------     -------   -------   --------
Cash flow from investing
  activities:
Capital expenditures...............     (4,771)       (4,433)    (21,049)   (7,587)    (5,122)
Proceeds from disposition of
  property and equipment...........         --            --          72        --        128
Purchase of licenses...............         --            --      (1,044)      (99)        --
                                       -------       -------     -------   -------   --------
Net cash used in investing
  activities.......................     (4,771)       (4,433)    (22,021)   (7,686)    (4,994)
                                       -------       -------     -------   -------   --------
Cash flow from financing
  activities:
 
Net payments to affiliates.........     (3,384)        1,570      (7,410)  (18,061)   (17,038)
                                       -------       -------     -------   -------   --------
Net increase (decrease) in cash....       (265)        2,985         400      (169)    (1,067)
Cash and cash equivalents,
  beginning of year................      4,080         3,680       3,680     3,849      4,916
                                       -------       -------     -------   -------   --------
Cash and cash equivalents, end of
  year.............................    $ 3,815       $ 6,665     $ 4,080   $ 3,680   $  3,849
                                       =======       =======     =======   =======   ========
Supplemental disclosure of cash
  flow information:
  Non-affiliate interest paid
     during the year...............    $    48       $    65     $   296   $   155   $    447
                                       =======       =======     =======   =======   ========
</TABLE>

 
   The accompanying notes are an integral part of these combined statements.
                                      F-97