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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>   469
 
   
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
    
 
   
                CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)
    
 
   

<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED
                                                              MARCH 31,
                                                      --------------------------
                                                         1999           1998
                                                      -----------    -----------
<S>                                                   <C>            <C>
REVENUE:
Service.............................................  $21,827,094    $20,535,417
Installation and other..............................    2,190,189      1,470,093
                                                      -----------    -----------
          Total revenue.............................   24,017,283     22,005,510
COSTS AND EXPENSES:
Operating expense...................................    3,461,852      3,546,468
Programming expense.................................    5,396,599      4,941,131
Selling, general and administrative expense.........    3,380,966      2,748,970
Depreciation........................................    4,010,219      3,625,474
Amortization........................................    6,383,145      5,817,358
Management fees.....................................      840,605        770,193
Loss on disposal of assets..........................       76,798        260,912
                                                      -----------    -----------
          Total costs and expenses..................   23,550,184     21,710,506
                                                      -----------    -----------
Operating income....................................      467,099        295,004
Gain on sale of Michigan assets.....................           --     (5,989,846)
Interest expense....................................    5,892,724      5,945,495
                                                      -----------    -----------
Income (loss) before income taxes and cumulative
  effect of accounting change.......................   (5,425,625)       339,355
Income tax benefit..................................     (537,000)    (1,098,000)
                                                      -----------    -----------
Income (loss) before cumulative effect of accounting
  change............................................   (4,888,625)     1,437,355
Cumulative effect of accounting change for
  organizational costs..............................      111,607             --
                                                      -----------    -----------
Net income (loss)...................................  $(5,000,232)   $ 1,437,355
                                                      ===========    ===========
</TABLE>

    
 
   
See accompanying notes to financial statements.
    
 
                                      F-285