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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 PRO FORMA STATEMENT OF OPERATIONS
                                                                YEAR ENDED DECEMBER 31, 1998
                         ----------------------------------------------------------------------------------------------------------
                          CHARTER                   RECENT                     PENDING      REFINANCING    OFFERING
                          HOLDCO      MARCUS     ACQUISITIONS                ACQUISITIONS   ADJUSTMENTS   ADJUSTMENTS
                         (NOTE A)    (NOTE B)      (NOTE C)      SUBTOTAL      (NOTE C)      (NOTE D)      (NOTE E)        TOTAL
                         ---------   ---------   ------------   ----------   ------------   -----------   -----------   -----------
                                                 (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AND CUSTOMER DATA)
<S>                      <C>         <C>         <C>            <C>          <C>            <C>           <C>           <C>
Revenues...............  $ 611,690   $ 448,192     $171,951     $1,231,833    $1,445,014     $     --     $       --    $ 2,676,847
                         ---------   ---------     --------     ----------    ----------     --------     -----------   -----------
Operating expenses:
 Operating, general and
   administrative......    310,100     231,050       88,235        629,385       741,500           --             --      1,370,885
 Depreciation and
   amortization........    375,899     252,855       90,871        719,625       977,622           --             --      1,697,247
 Corporate expense
   charges (Note F)....     16,493      17,042        6,759         40,294        21,322           --             --         61,616
 Management fees.......         --          --        1,077          1,077        19,608           --             --         20,685
                         ---------   ---------     --------     ----------    ----------     --------     -----------   -----------
    Total operating
      expenses.........    702,492     500,947      186,942      1,390,381     1,760,052           --             --      3,150,433
                         ---------   ---------     --------     ----------    ----------     --------     -----------   -----------
Loss from operations...    (90,802)    (52,755)     (14,991)      (158,548)     (315,038)          --             --       (473,586)
Interest expense.......   (207,468)   (137,953)     (60,375)      (405,796)     (464,425)     (15,400)            --       (885,621)
                                                                                                          -----------
Other income
  (expense)............        518          --          (40)           478       (11,472)          --             --        (10,994)
                         ---------   ---------     --------     ----------    ----------     --------     -----------   -----------
Net income (loss)
  before minority
  interest.............   (297,752)   (190,708)     (75,406)      (563,866)     (790,935)     (15,400)            --     (1,370,201)
Minority interest......         --          --           --             --            --           --      1,027,651      1,027,651
                         ---------   ---------     --------     ----------    ----------     --------     -----------   -----------
Net income (loss)......  $(297,752)  $(190,708)    $(75,406)    $ (563,866)   $ (790,935)    $(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 (Note G)........  $ 285,615   $ 200,100     $ 75,840     $  561,555    $  651,112                                $ 1,212,667
EBITDA margin (Note
  H)...................       46.7%       44.6%        44.1%          45.6%         45.1%                                      45.3%
Adjusted EBITDA (Note
  I)...................    301,590     217,142       83,716        602,448       703,514                                  1,305,962
Cash flows from
  operating
  activities...........    137,160     139,908       12,399        289,467        61,995                                    351,462
Cash interest
  expense..............                                                                                                     715,786
Capital expenditures...    213,353     224,723        7,001        445,077       305,151                                    750,228
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                                  9,181,000
Basic customers........  1,255,000   1,062,000      365,000      2,682,000     3,232,000                                  5,914,000
Basic penetration (Note
  J)...................       58.4%       60.9%        71.6%          60.9%         67.6%                                      64.4%
Premium units..........    845,000     411,000      227,000      1,483,000     1,195,000                                  2,678,000
Premium penetration
  (Note K).............       67.3%       38.7%        62.2%          55.3%         37.0%                                      45.3%
Average monthly revenue
  per basic customer
  (Note L).............  $   40.62   $   35.17     $  39.26     $    38.27    $    37.26                                $     37.72
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