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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
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<PAGE>   353
 
                            INTERMEDIA CABLE SYSTEMS
              (COMPRISED OF COMPONENTS OF INTERMEDIA PARTNERS AND
                     INTERMEDIA CAPITAL PARTNERS IV, L.P.)
 
                       COMBINED STATEMENTS OF CASH FLOWS
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                                            FOR THE YEAR ENDED
                                                               DECEMBER 31,
                                                           --------------------
                                                             1998        1997
                                                           --------    --------
<S>                                                        <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss...............................................  $ (3,521)   $(16,640)
  Adjustments to reconcile net loss to cash flows from
     operating activities:
     Depreciation and amortization.......................    85,982      81,303
     Loss and disposal of fixed assets...................     3,177         504
     Gain on sale/exchange of cable systems..............   (26,218)    (10,006)
     Changes in assets and liabilities:
       Accounts receivable...............................    (1,395)     (2,846)
       Receivables from affiliates.......................    (3,904)       (639)
       Prepaid expenses..................................       203        (251)
       Other current assets..............................      (106)        (10)
       Deferred income taxes.............................     1,623      (4,311)
       Other non-current assets..........................      (517)        (58)
       Accounts payable and accrued liabilities..........    (2,073)      4,436
       Deferred revenue..................................     1,208       1,399
       Payables to affiliates............................       373         469
       Accrued interest..................................    25,449      28,458
       Deferred channel launch revenue...................     2,895       2,817
                                                           --------    --------
          Cash flows from operating activities...........    83,176      84,625
                                                           --------    --------
CASH FLOWS FROM INVESTING ACTIVITIES
     Purchases of property and equipment.................   (72,673)    (87,253)
     Sale/exchange of cable systems......................      (398)     11,157
     Intangible assets...................................      (372)       (506)
                                                           --------    --------
          Cash flows from investing activities...........   (73,443)    (76,602)
                                                           --------    --------
CASH FLOWS FROM FINANCING ACTIVITIES
     Net contributions from parent.......................     6,350       6,489
     Net repayment of borrowings.........................   (16,083)    (14,512)
                                                           --------    --------
          Cash flows from financing activities...........    (9,733)     (8,023)
                                                           --------    --------
Net change in cash.......................................        --          --
                                                           --------    --------
CASH AT BEGINNING OF PERIOD..............................        --          --
                                                           --------    --------
CASH AT END OF PERIOD....................................  $     --    $     --
                                                           ========    ========
</TABLE>

 
            See accompanying notes to combined financial statements.
 
                                      F-169