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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 05/12/1999
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<PAGE>   47
 
                       SELECTED HISTORICAL FINANCIAL DATA
 
   
     The selected historical financial data below as of and for the years ended
December 31, 1996 and 1997 and for the periods from January 1, 1998, through
December 23, 1998 and from December 24, 1998 through December 31, 1998 have been
derived from the consolidated financial statements of Charter Holdings, which
have been audited by Arthur Andersen LLP, independent public accountants, and
are included elsewhere in this prospectus. The selected historical financial
data for the period from October 1, 1995 through December 31, 1995, have been
derived from Charter's unaudited financial statements and are not included
elsewhere herein. The selected historical financial data for the year ended
December 31, 1994 and for the period from January 1, 1995 through September 30,
1995 are derived from the unaudited financial statements of Charter's
predecessor business and are not included elsewhere herein. The information
presented below should be read in conjunction with "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and the historical
financial statements of Charter and related notes included elsewhere in this
prospectus.
    
 

<TABLE>
<CAPTION>
                                 PREDECESSOR OF CHARTER                         CHARTER
                                 ----------------------   ----------------------------------------------------
                                                                        YEAR ENDED
                                  YEAR ENDED    1/1/95    10/1/95      DECEMBER 31,       1/1/98     12/24/98
                                 DECEMBER 31,   THROUGH   THROUGH    -----------------   THROUGH     THROUGH
                                     1994       9/30/95   12/31/95    1996      1997     12/23/98    12/31/98
                                 ------------   -------   --------   -------   -------   --------   ----------
                                                            (DOLLARS IN THOUSANDS)
<S>                              <C>            <C>       <C>        <C>       <C>       <C>        <C>
STATEMENT OF OPERATIONS:
Revenues.......................    $  6,584     $ 5,324   $ 1,788    $14,881   $18,867   $ 49,731   $   23,450
Operating Expenses:
  Operating, general and
     administrative............       3,247       2,581       931      8,123    11,767     25,952       12,679
  Depreciation and
     amortization..............       2,508       2,137       648      4,593     6,103     16,864       13,811
  Management fees/corporate
     expense charges...........         106         224        54        446       566      6,176          766
                                   --------     -------   -------    -------   -------   --------   ----------
     Total operating
       expenses................       5,861       4,942     1,633     13,162    18,436     48,992       27,256
                                   --------     -------   -------    -------   -------   --------   ----------
Income (loss) from
  operations...................         723         382       155      1,719       431        739       (3,806)
Interest expense...............          --          --      (691)    (4,415)   (5,120)   (17,277)      (5,051)
Interest income................          26          --         5         20        41         44          133
Other income (expense).........          --          38        --        (47)       25       (728)          --
                                   --------     -------   -------    -------   -------   --------   ----------
Net income (loss)..............    $    749     $   420   $  (531)   $(2,723)  $(4,623)  $(17,222)  $   (8,724)
                                   ========     =======   =======    =======   =======   ========   ==========
Deficiency of earnings to cover
  fixed charges(a).............          NM          NM   $   531    $ 2,723   $ 4,623   $ 17,222   $    8,724
BALANCE SHEET DATA (AT END OF
  PERIOD):
Total assets...................    $ 25,511     $26,342   $31,572    $67,994   $55,811   $281,969   $7,235,656
Total debt.....................      10,194      10,480    28,847     59,222    41,500    274,698    3,523,201
Members' equity (deficit)......     (14,822)     15,311       971      2,648    (1,975)    (8,397)   3,429,291
</TABLE>

 
- -------------------------
 
(a) Earnings include net income (loss) plus fixed charges. Fixed charges consist
    of interest expense and an estimated interest component of rent expense.
 
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