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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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     These acquisitions will be accounted for using the purchase method of
accounting. A definitive written agreement exists for all acquisitions that have
not yet closed. The purchase price in millions and anticipated closing dates for
significant acquisitions are as follows:
 

<TABLE>
<CAPTION>
                                                  RIFKIN               FANCH          BRESNAN
                                               ACQUISITIONS         ACQUISITIONS    ACQUISITIONS
                                           ---------------------    ------------    ------------
<S>                                        <C>                      <C>             <C>
Purchase price.........................    $165.0                   $248.0          $40.0
Closing date...........................    Feb. 1999                Feb. 1999       Jan. 1999
 
Purchase price.........................    $53.8                    $112.0          $27.0
Closing date...........................    anticipated July 1999    March 1999      March 1999
 
Purchase price.........................                             $50.0
Closing date...........................                             June 1999
</TABLE>

 
(c) Represents the elimination of the operating results primarily related to the
    cable systems to be transferred to InterMedia. A definitive written
    agreement exists for the disposition on these systems. The fair value of our
    systems to be transferred is $420 million. No material gain or loss is
    anticipated on the disposition as these systems were recently acquired and
    recorded at fair value at that time. It is anticipated that this transfer
    will close during the third or fourth quarter of 1999.
 
(d) Reflects a reclassification of expenses representing corporate expenses that
    would have occurred at Charter Investment.
 
(e) Represents additional amortization of franchises as a result of our recent
    and pending acquisitions. A large portion of the purchase price was
    allocated to franchises ($12.2 billion) that are amortized over 15 years.
    Depreciation and amortization expense consists of the following (in
    millions):
 

<TABLE>
<S>                                                           <C>
Amortization of franchises..................................  $203.3
Depreciation................................................    66.9
                                                              ------
     Total depreciation and amortization....................  $270.2
                                                              ======
</TABLE>

 
(f) Reflects additional interest expense on borrowings under the credit
    facilities which will be used to finance the acquisitions using a composite
    current interest rate of 7.3% (See Note B).
 
(g) Represents the elimination of gain (loss) on sale of assets.
 
(h) Reflects the elimination of income tax expense (benefit) as a result of
    being acquired by a limited liability company.
 
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