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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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<TABLE>
<CAPTION>
                                                  UNAUDITED SUMMARY PRO FORMA STATEMENT OF OPERATIONS
                                                             YEAR ENDED DECEMBER 31, 1998
                                          -------------------------------------------------------------------
                                           CHARTER                      RECENT                     PENDING
                                            HOLDCO       MARCUS      ACQUISITIONS    SUBTOTAL    ACQUISITIONS
                                          ----------   -----------   ------------   ----------   ------------
                                              (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AND CUSTOMER DATA)
<S>                                       <C>          <C>           <C>            <C>          <C>
Revenues................................  $  611,690   $   448,192    $  171,951    $1,231,833   $ 1,445,014
                                          ----------   -----------    ----------    ----------   -----------
Operating expenses:
  Operating, general and
    administrative......................     310,100       231,050        88,235       629,385       741,500
  Depreciation and amortization.........     375,899       252,855        90,871       719,625       977,622
  Corporate expense charges(a)..........      16,493        17,042         6,759        40,294        21,322
  Management fees.......................          --            --         1,077         1,077        19,608
                                          ----------   -----------    ----------    ----------   -----------
    Total operating expenses............     702,492       500,947       186,942     1,390,381     1,760,052
                                          ----------   -----------    ----------    ----------   -----------
Loss from operations....................     (90,802)      (52,755)      (14,991)     (158,548)     (315,038)
Interest expense........................    (207,468)     (137,953)      (60,375)     (405,796)     (464,425)
Other income (expense)..................         518            --           (40)          478       (11,472)
                                          ----------   -----------    ----------    ----------   -----------
Loss before minority interest...........    (297,752)     (190,708)      (75,406)     (563,866)     (790,935)
Minority interest.......................          --            --            --            --            --
                                          ----------   -----------    ----------    ----------   -----------
Net loss................................  $ (297,752)  $  (190,708)   $  (75,406)   $ (563,866)  $  (790,935)
                                          ==========   ===========    ==========    ==========   ===========
Basic loss per share....................
Diluted loss per share..................
Weighted average shares outstanding:
  Basic.................................
  Diluted...............................
OTHER FINANCIAL DATA:
EBITDA(b)...............................  $  285,615   $   200,100    $   75,840    $  561,555   $   651,112
EBITDA margin(c)........................        46.7%         44.6%         44.1%         45.6%         45.1%
Adjusted EBITDA(d)......................     301,590       217,142        83,716       602,448       703,514
Cash flows from operating activities....     137,160       139,908        12,399       289,467        61,995
Cash interest expense...................
Capital expenditures....................     213,353       224,723         7,001       445,077       305,151
BALANCE SHEET DATA (AT END OF PERIOD):
Total assets............................  $7,235,656   $        --    $1,227,726    $8,463,382   $13,074,776
Total debt..............................   3,523,201            --     1,203,940     4,727,141     5,450,336
Minority interest.......................          --            --            --            --            --
Members' equity.........................   3,429,291            --            --     3,429,291     4,526,839
Stockholders' equity....................          --            --            --            --            --
OPERATING DATA (AT END OF PERIOD, EXCEPT
  FOR AVERAGES):
Homes passed............................   2,149,000     1,743,000       510,000     4,402,000     4,779,000
Basic customers.........................   1,255,000     1,062,000       365,000     2,682,000     3,232,000
Basic penetration(e)....................        58.4%         60.9%         71.6%         60.9%         67.6%
Premium units...........................     845,000       411,000       227,000     1,483,000     1,195,000
Premium penetration(f)..................        67.3%         38.7%         62.2%         55.3%         37.0%
Average monthly revenue per basic
  customer(g)...........................  $    40.62   $     35.17    $    39.26    $    38.27   $     37.26
 
<CAPTION>
                                          UNAUDITED SUMMARY PRO FORMA STATEMENT OF OPERATIONS
                                               YEAR ENDED DECEMBER 31, 1998
                                          ---------------------------------------
                                          REFINANCING    OFFERING
                                          ADJUSTMENTS   ADJUSTMENTS      TOTAL
                                          -----------   -----------   -----------
                                          (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AND CUSTOMER DATA)
<S>                                       <C>           <C>           <C>
Revenues................................   $     --     $       --    $ 2,676,847
                                           --------     -----------   -----------
Operating expenses:
  Operating, general and
    administrative......................         --             --      1,370,885
  Depreciation and amortization.........         --             --      1,697,247
  Corporate expense charges(a)..........         --             --         61,616
  Management fees.......................         --             --         20,685
                                           --------     -----------   -----------
    Total operating expenses............         --             --      3,150,433
                                           --------     -----------   -----------
Loss from operations....................         --             --       (473,586)
Interest expense........................    (15,400)            --       (885,621)
Other income (expense)..................         --                       (10,994)
                                           --------     -----------   -----------
Loss before minority interest...........    (15,400)                   (1,370,201)
Minority interest.......................                 1,027,651      1,027,651
                                           --------     -----------   -----------
Net loss................................   $(15,400)    $1,027,651    $  (342,550)
                                           ========     ===========   ===========
Basic loss per share....................                              $
                                                                      ===========
Diluted loss per share..................                              $
                                                                      ===========
Weighted average shares outstanding:
  Basic.................................
  Diluted...............................
OTHER FINANCIAL DATA:
EBITDA(b)...............................                              $ 1,212,667
EBITDA margin(c)........................                                     45.3%
Adjusted EBITDA(d)......................                                1,305,962
Cash flows from operating activities....                                  351,462
Cash interest expense...................                                  715,786
Capital expenditures....................                                  750,228
BALANCE SHEET DATA (AT END OF PERIOD):
Total assets............................   $125,000     $       --    $21,663,158
Total debt..............................    128,604             --     10,306,081
Minority interest.......................                 7,952,526      7,952,526
Members' equity.........................     (3,604)    (7,952,526)            --
Stockholders' equity....................         --      2,840,000      2,840,000
OPERATING DATA (AT END OF PERIOD, EXCEPT
  FOR AVERAGES):
Homes passed............................                                9,181,000
Basic customers.........................                                5,914,000
Basic penetration(e)....................                                     64.4%
Premium units...........................                                2,678,000
Premium penetration(f)..................                                     45.3%
Average monthly revenue per basic
  customer(g)...........................                              $     37.72
</TABLE>

 
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(a) Charter Investment provided corporate management and consulting services to
    subsidiaries of Charter Operating during 1998 and 1999 and to subsidiaries
    of Marcus Holdings beginning in October 1998. See "Certain Relationships and
    Related Transactions".
 
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