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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
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<PAGE>   18
 
   

<TABLE>
<CAPTION>
                                                               YEAR ENDED DECEMBER 31, 1998
                              ----------------------------------------------------------------------------------------------
                               CHARTER                     RECENT                     PENDING      REFINANCING
                               HOLDINGS      MARCUS     ACQUISITIONS    SUBTOTAL    ACQUISITIONS   ADJUSTMENTS      TOTAL
                              ----------   ----------   ------------   ----------   ------------   -----------   -----------
                                                       (DOLLARS IN THOUSANDS, EXCEPT CUSTOMER DATA)
<S>                           <C>          <C>          <C>            <C>          <C>            <C>           <C>
OPERATING DATA (AT END OF
  PERIOD, EXCEPT FOR
  AVERAGES):
Homes passed................   2,149,000    1,743,000       289,000     4,181,000     1,506,000                    5,687,000
Basic customers.............   1,255,000    1,062,000       195,000     2,512,000     1,105,000                    3,617,000
Basic penetration(f)........        58.4%        60.9%         67.5%         60.1%         73.4%                        63.6%
Premium units...............     845,000      411,000        87,000     1,343,000       724,000                    2,067,000
Premium penetration(g)......        67.3%        38.7%         44.6%         53.5%         65.5%                        57.1%
Average monthly revenue per
  basic customer(h).........          NM           NM    $    39.88    $    32.26    $    38.02                  $     38.18
</TABLE>

    
 
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(a) Charter Communications, Inc. provided corporate management and consulting
    services to Charter Holdings during 1998 and 1999, and to Marcus Holdings
    beginning in October 1998. See "Certain Relationships and Related
    Transactions."
    
 
   
(b) EBITDA represents earnings (loss) before interest expense, income taxes,
    depreciation and amortization. EBITDA is presented because it is a widely
    accepted financial indicator of a cable television company's ability to
    service indebtedness. However, EBITDA should not be considered as an
    alternative to income from operations or to cash flows from operating,
    investing or financing activities, as determined in accordance with
    generally accepted accounting principles. EBITDA should also not be
    construed as an indication of a company's operating performance or as a
    measure of liquidity. Management's discretionary use of funds depicted by
    EBITDA may be limited by working capital, debt service and capital
    expenditure requirements and by restrictions related to legal requirements,
    commitments and uncertainties.
    
 
   
(c) EBITDA margin represents EBITDA as a percentage of revenues.
    
 
   
(d) Adjusted EBITDA means EBITDA before corporate expenses, management fees and
    other income (expense) in accordance with the term "Consolidated EBITDA"
    used in the indentures governing the notes. See "Description of Notes" for a
    complete presentation of the methodology employed in calculating Adjusted
    EBITDA. Adjusted EBITDA is presented because it is a widely accepted
    financial indicator of a cable company's ability to meet its debt payments
    and because it is used in the indentures to determine compliance with
    certain covenants. However, Adjusted EBITDA should not be considered as an
    alternative to income from operations or to cash flows from operating,
    investing or financing activities, as determined in accordance with
    generally accepted accounting principles. Adjusted EBITDA should also not be
    construed as an indication of a company's operating performance or as a
    measure of liquidity. In addition, because Adjusted EBITDA is not calculated
    identically by all companies, the presentation here may not be comparable to
    other similarly titled measures of other companies. Management's
    discretionary use of funds depicted by Adjusted EBITDA may be limited by
    working capital, debt service and capital expenditure requirements and by
    restrictions related to legal requirements, commitments and uncertainties.
    
 
(e) Earnings include net income (loss) plus fixed charges. Fixed charges consist
    of interest expense and an estimated interest component of rent expense.
 
   
(f) Basic penetration represents basic customers as a percentage of homes
    passed. Homes passed are the number of single residence homes, apartments
    and condominium units passed by the cable distribution network in a given
    cable system service area.
    
 
(g) Premium penetration represents premium units as a percentage of basic
    customers.
 
   
(h) Average monthly revenue per basic customer represents revenues divided by
    the number of months in the period divided by the number of basic customers
    at period end.
    
 
     See "Notes to the Unaudited Pro Forma Financial Statements."
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