Print Page  Close Window

SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
<PAGE>   15
 
   
     The Unaudited Summary Pro Forma Financial Statements do not purport to be
indicative of what our financial position or results of operations would
actually have been had the transactions described above been completed on the
dates indicated or to project our results of operations for any future date. See
"Unaudited Pro Forma Financial Statements."
    
 
   

<TABLE>
<CAPTION>
                                                 UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
                                                      THREE MONTHS ENDED MARCH 31, 1999
                              ---------------------------------------------------------------------------------
                               CHARTER        RECENT                     PENDING      REFINANCING
                               HOLDINGS    ACQUISITIONS    SUBTOTAL    ACQUISITIONS   ADJUSTMENTS      TOTAL
                              ----------   ------------   ----------   ------------   -----------   -----------
                                                (DOLLARS IN THOUSANDS, EXCEPT CUSTOMER DATA)
<S>                           <C>          <C>            <C>          <C>            <C>           <C>
Revenues....................  $  286,135     $   24,483   $  310,618    $  134,653     $     --     $   445,271
                              ----------     ----------   ----------    ----------     --------     -----------
Operating expenses:
  Operating, general and
    administrative..........     152,075         10,881      162,956        73,342           --         236,298
  Corporate expense
    charges(a)..............       5,323            724        6,047         1,033           --           7,080
  Depreciation and
    amortization............     153,747         26,098      179,845        79,856           --         259,701
  Management fees...........          --            275          275         2,507           --           2,782
                              ----------     ----------   ----------    ----------     --------     -----------
    Total operating
      expenses..............     311,145         37,978      349,123       156,738           --         505,861
                              ----------     ----------   ----------    ----------     --------     -----------
Loss from operations........    (25,010)       (13,495)      (38,505)      (22,085)          --         (60,590)
Interest expense............    (71,591)       (14,586)      (86,177)      (38,514)     (13,550)       (138,241)
Interest income.............       1,733            108        1,841           151           --           1,992
Other income (expense)......          15             --           15          (137)          --            (122)
                              ----------     ----------   ----------    ----------     --------     -----------
Net loss....................  $ (94,853)     $ (27,973)   $ (122,826)   $  (60,585)    $(13,550)    $  (196,961)
                              ==========     ==========   ==========    ==========     ========     ===========
OTHER FINANCIAL DATA:
EBITDA(b)...................  $  130,485     $   12,711   $  143,196    $   57,785                  $   200,981
EBITDA margin(c)............        45.6%          51.9%        46.1%         42.9%                        45.1%
Adjusted EBITDA(d)..........     134,060         13,602      147,662        61,311                      208,973
Cash flows from operating
  activities................      45,824          5,390       51,214        31,790                       83,004
Cash interest expense.......                                                                            109,186
Capital expenditures........  $  109,629     $    3,653   $  113,282    $   39,815                  $   153,097
Total debt to annualized
  EBITDA....................                                                                                8.2x
Total debt to annualized
  Adjusted EBITDA...........                                                                                7.9
EBITDA to cash interest
  expense...................                                                                                1.8
EBITDA to interest
  expense...................                                                                                1.5
Deficiency of earnings to
  cover fixed charges(e)....                                                                        $   196,961
BALANCE SHEET DATA (AT END
  OF PERIOD):
Total assets................  $8,357,282     $   12,027   $8,369,309    $3,271,029     $     --     $11,640,338
Total debt..................   4,754,018             --    4,754,018     1,869,158           --       6,623,176
Members' equity.............   3,326,142             --    3,326,142     1,325,000           --       4,651,142
</TABLE>

    
 
                                       12