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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>   402
 
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             UNAUDITED CONDENSED COMBINED STATEMENTS OF CASH FLOWS
               THREE-MONTHS PERIOD ENDED MARCH 31, 1998 AND 1999
 

<TABLE>
<CAPTION>
                                                                 1998           1999
                                                              -----------    -----------
<S>                                                           <C>            <C>
Cash flows from operating activities:
  Net loss..................................................  ($4,475,766)   ($5,685,625)
                                                              -----------    -----------
  Adjustments to reconcile net loss to net cash provided by
    operating activities:
    Depreciation and amortization...........................    5,774,012      6,828,410
    Amortization of debt discount and deferred financing
     costs..................................................      230,005        241,605
    Gain on sale of equipment...............................       (1,498)        (6,000)
    Change in operating assets and liabilities:
      Decrease in receivables from subscribers..............      285,217         39,303
      (Increase) decrease in prepaid expenses and other
       assets...............................................     (756,438)       605,752
      Increase in financing costs incurred..................      (37,500)      (240,000)
      Decrease in accounts payable and accrued expenses.....   (1,125,646)    (2,501,877)
      Increase in subscriptions received in advance.........      137,562        135,169
      Increase in accrued interest..........................    4,356,122      4,639,494
                                                              -----------    -----------
         Total adjustments..................................    8,861,836      9,741,856
                                                              -----------    -----------
         Net cash provided by operating activities..........    4,386,070      4,056,231
                                                              -----------    -----------
Cash flows from investing activities:
  Purchases of property, plant and equipment................   (1,725,789)    (3,229,629)
  Proceeds from sale of equipment...........................       91,128          6,000
  Cash paid for net assets of cable television systems
    acquired................................................           --     (5,951,453)
  Increase in intangible assets and deferred costs..........      (47,088)      (172,593)
                                                              -----------    -----------
         Net cash used in investing activities..............   (1,681,749)    (9,347,675)
                                                              -----------    -----------
Cash flows from financing activities:
  Proceeds from bank loans..................................    1,000,000     12,000,000
  Repayment of bank loans...................................       (2,511)        (2,633)
  Repayment of other notes payable..........................     (307,889)      (262,410)
  Advances to affiliates....................................     (895,633)    (2,596,997)
  Repayments of advances to affiliates......................      364,141      2,486,907
                                                              -----------    -----------
         Net cash provided by financing activities..........      158,108     11,624,867
                                                              -----------    -----------
         Net increase in cash and cash equivalents..........    2,862,429      6,333,423
Cash and cash equivalents at beginning of period............    4,372,281      5,130,561
                                                              -----------    -----------
Cash and cash equivalents at end of period..................  $ 7,234,710    $11,463,984
                                                              ===========    ===========
Supplemental cash flow information:
  Interest paid.............................................  $ 2,258,842    $ 2,939,944
                                                              ===========    ===========
  Other non-cash items:
    Acquisition of property, plant and equipment through
     issuance of other notes payable........................  $    17,686    $    97,666
                                                              ===========    ===========
</TABLE>

 
See accompanying notes to unaudited condensed combined financial statements.
 
                                      F-258