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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
<PAGE>   447
 
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             UNAUDITED CONDENSED COMBINED STATEMENTS OF CASH FLOWS
               THREE-MONTHS PERIOD ENDED MARCH 31, 1998 AND 1999
 

<TABLE>
<CAPTION>
                                                         1998           1999
                                                      -----------    -----------
<S>                                                   <C>            <C>
Cash flows from operating activities:
  Net loss..........................................  ($4,475,766)   ($5,685,625)
                                                      -----------    -----------
  Adjustments to reconcile net loss to net cash
     provided by operating activities:
     Depreciation and amortization..................    5,774,012      6,828,410
     Amortization of debt discount and deferred
       financing costs..............................      230,005        241,605
     Gain on sale of equipment......................       (1,498)        (6,000)
     Change in operating assets and liabilities:
       Decrease in receivables from subscribers.....      285,217         39,303
       (Increase) decrease in prepaid expenses and
          other assets..............................     (756,438)       605,752
       Increase in financing costs incurred.........      (37,500)      (240,000)
       Decrease in accounts payable and accrued
          expenses..................................   (1,125,646)    (2,501,877)
       Increase in subscriptions received in
          advance...................................      137,562        135,169
       Increase in accrued interest.................    4,356,122      4,639,494
                                                      -----------    -----------
          Total adjustments.........................    8,861,836      9,741,856
                                                      -----------    -----------
          Net cash provided by operating
             activities.............................    4,386,070      4,056,231
                                                      -----------    -----------
Cash flows from investing activities:
  Purchases of property, plant and equipment........   (1,725,789)    (3,229,629)
  Proceeds from sale of equipment...................       91,128          6,000
  Cash paid for net assets of cable television
     systems acquired...............................           --     (5,951,453)
  Increase in intangible assets and deferred
     costs..........................................      (47,088)      (172,593)
                                                      -----------    -----------
          Net cash used in investing activities.....   (1,681,749)    (9,347,675)
                                                      -----------    -----------
Cash flows from financing activities:
  Proceeds from bank loans..........................    1,000,000     12,000,000
  Repayment of bank loans...........................       (2,511)        (2,633)
  Repayment of other notes payable..................     (307,889)      (262,410)
  Advances to affiliates............................     (895,633)    (2,596,997)
  Repayments of advances to affiliates..............      364,141      2,486,907
                                                      -----------    -----------
          Net cash provided by financing
             activities.............................      158,108     11,624,867
                                                      -----------    -----------
          Net increase in cash and cash
             equivalents............................    2,862,429      6,333,423
Cash and cash equivalents at beginning of period....    4,372,281      5,130,561
                                                      -----------    -----------
Cash and cash equivalents at end of period..........  $ 7,234,710    $11,463,984
                                                      ===========    ===========
</TABLE>

 
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