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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>   454
 
   
                            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>
                                                            THREE MONTHS ENDED
                                                                MARCH 31,
                                                           --------------------
                                                             1999        1998
                                                           --------    --------
                                                               (UNAUDITED)
<S>                                                        <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss...............................................  $ (8,978)   $ (6,090)
  Adjustments to reconcile net loss to cash flows from
     operating activities:
     Depreciation and amortization.......................    26,100      20,353
     Loss on disposal of fixed assets....................        --           4
     Changes in assets and liabilities:
       Accounts receivable...............................       476         242
       Receivables from affiliates.......................       585      (1,092)
       Prepaid expenses..................................      (424)       (183)
       Other current assets..............................       144          52
       Deferred income taxes.............................    (1,396)     (1,595)
       Investments and other non-current assets..........      (893)        138
       Accounts payable and accrued liabilities..........      (713)     (5,272)
       Deferred revenue..................................      (220)        522
       Payables to affiliates............................      (101)        (53)
       Accrued interest..................................     5,532       6,505
       Deferred channel launch revenue...................       915         591
                                                           --------    --------
          Cash flows from operating activities...........    21,027      14,122
                                                           --------    --------
CASH FLOWS FROM INVESTING ACTIVITIES
     Purchases of property and equipment.................   (17,895)    (18,069)
     Intangible assets...................................      (120)       (161)
                                                           --------    --------
          Cash flows from investing activities...........   (18,015)    (18,230)
                                                           --------    --------
CASH FLOWS FROM FINANCING ACTIVITIES
     Net (distributions) contributions to/from parent....   (13,337)      5,431
     Net (repayments) borrowings of intercompany debt....    10,325      (1,323)
                                                           --------    --------
          Cash flows from financing activities...........    (3,012)      4,108
                                                           --------    --------
Net change in cash.......................................        --          --
                                                           --------    --------
CASH AT BEGINNING OF PERIOD..............................        --          --
                                                           --------    --------
CASH AT END OF PERIOD....................................  $     --    $     --
                                                           ========    ========
</TABLE>

    
 
   
See accompanying notes to the condensed combined financial statements.
    
 
                                      F-270