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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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<PAGE>   309
 
                            INTERMEDIA CABLE SYSTEMS
              (COMPRISED OF COMPONENTS OF INTERMEDIA PARTNERS AND
                     INTERMEDIA CAPITAL PARTNERS IV, L.P.)
 
                       COMBINED STATEMENTS OF OPERATIONS
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                                              FOR THE YEAR ENDED
                                                                 DECEMBER 31,
                                                              -------------------
                                                                1998       1997
                                                              --------   --------
<S>                                                           <C>        <C>
REVENUES
Basic and cable services....................................  $125,920   $112,592
Pay services................................................    23,975     24,467
Other services..............................................    26,167     25,519
                                                              --------   --------
                                                               176,062    162,578
COSTS AND EXPENSES
Program fees................................................    39,386     33,936
Other direct expenses.......................................    16,580     16,500
Selling, general and administrative expenses................    30,787     29,181
Management and consulting fees..............................     3,147      2,870
Depreciation and amortization...............................    85,982     81,303
                                                              --------   --------
                                                               175,882    163,790
                                                              --------   --------
Profit/(loss) from operations...............................       180     (1,212)
                                                              --------   --------
OTHER INCOME (EXPENSE)
Interest expense............................................   (25,449)   (28,458)
Gain on sale/exchange of cable systems......................    26,218     10,006
Interest and other income...................................       341        429
Other expense...............................................    (3,188)    (1,431)
                                                              --------   --------
                                                                (2,078)   (19,454)
Loss before income tax benefit (expense)....................    (1,898)   (20,666)
Income tax benefit (expense)................................    (1,623)     4,026
                                                              --------   --------
NET LOSS....................................................  $ (3,521)  $(16,640)
                                                              ========   ========
</TABLE>

 
            See accompanying notes to combined financial statements.
 
                                      F-165