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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
Entire Document
 
<PAGE>   466
 
            AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES
 
           CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
  FOR THE PERIOD FROM SEPTEMBER 4, 1997 (INCEPTION) THROUGH DECEMBER 31, 1998
 

<TABLE>
<CAPTION>
                                  COMMON                 ADDITIONAL                       TOTAL
                                  SHARES       COMMON     PAID-IN      ACCUMULATED    SHAREHOLDERS'
                                OUTSTANDING    STOCK      CAPITAL        DEFICIT         EQUITY
                                -----------    ------    ----------    -----------    -------------
                                               (IN THOUSANDS, EXCEPT SHARE AMOUNTS)
<S>                             <C>            <C>       <C>           <C>            <C>
Net income from date of
  inception through December
  31, 1997....................       --          $--      $    --        $    --         $    --
Balance, January 1, 1998......      100          --            --             --              --
Net loss......................       --          --            --         (8,918)         (8,918)
Contributions by parent.......       --          --        35,000             --          35,000
                                    ---          --       -------        -------         -------
Balance, December 31, 1998....      100          $--      $35,000        $(8,918)        $26,082
                                    ===          ==       =======        =======         =======
</TABLE>

 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
                                      F-322