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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>   326
 
                       RIFKIN CABLE INCOME PARTNERS L.P.
 
                            STATEMENT OF OPERATIONS
 

<TABLE>
<CAPTION>
                                                                 YEARS ENDED
                                                     ------------------------------------
                                                      12/31/96     12/31/97     12/31/98
                                                     ----------   ----------   ----------
<S>                                                  <C>          <C>          <C>
REVENUE:
Service............................................  $4,104,841   $4,491,983   $4,790,052
Installation and other.............................     206,044      239,402      345,484
                                                     ----------   ----------   ----------
          Total revenue............................   4,310,885    4,731,385    5,135,536
COSTS AND EXPENSES:
Operating expense..................................     643,950      691,700      671,968
Programming expense................................     787,124      879,939    1,077,540
Selling, general and administrative expense........     683,571      663,903      622,774
Depreciation.......................................     535,559      602,863      628,515
Amortization.......................................     377,749      332,770      199,854
Management fees....................................     215,544      236,569      256,777
Loss (gain) on disposal of assets..................       1,530        2,980       (2,138)
                                                     ----------   ----------   ----------
          Total costs and expenses.................   3,245,027    3,410,724    3,455,290
                                                     ----------   ----------   ----------
Operating income...................................   1,065,858    1,320,661    1,680,246
Interest expense...................................     533,294      448,530      362,439
                                                     ----------   ----------   ----------
Net income before extraordinary item...............     532,564      872,131    1,317,807
Extraordinary item -- Loss on early retirement of
  debt (Note 1)....................................          --           --       18,916
                                                     ----------   ----------   ----------
Net income.........................................  $  532,564   $  872,131   $1,298,891
                                                     ==========   ==========   ==========
</TABLE>

 
The accompanying notes are an integral part of the financial statements.
 
                                      F-182