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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>   542
 
                                  TACONIC CATV
                   (A COMPONENT OF TACONIC TECHNOLOGY CORP.)
 
                 STATEMENTS OF OPERATIONS AND COMPONENT EQUITY
                   YEARS ENDED DECEMBER 31, 1997 AND 1998 AND
             THREE MONTHS ENDED MARCH 31, 1998 AND 1999 (UNAUDITED)
 

<TABLE>
<CAPTION>
                                             DECEMBER 31,                 MARCH 31,
                                       ------------------------    ------------------------
                                          1997          1998          1998          1999
                                       ----------    ----------    ----------    ----------
<S>                                    <C>           <C>           <C>           <C>
Revenues.............................  $2,004,672    $2,085,964    $  489,036    $  522,950
OPERATING EXPENSES:
Technical and operating..............     841,528       948,484       223,256       239,789
Salaries, general and
  administrative.....................     470,830       451,413       128,222       106,309
Depreciation and amortization........     425,569       425,556       107,173       105,133
                                       ----------    ----------    ----------    ----------
                                        1,737,927     1,825,453       458,651       451,231
                                       ----------    ----------    ----------    ----------
Operating income.....................     266,745       260,511        30,385        71,719
OTHER INCOME (EXPENSE):
Interest income......................       1,019            --            --            --
Interest expense.....................     (79,322)      (17,192)      (17,192)           --
                                       ----------    ----------    ----------    ----------
Income before income taxes...........     188,442       243,319        13,193        71,719
Income taxes.........................      75,377        97,328         5,277        28,288
                                       ----------    ----------    ----------    ----------
Net income...........................     113,065       145,991         7,916        43,431
Component equity at beginning of
  year...............................     678,439       791,504       791,504     1,707,347
Repayment of debt by ultimate parent
  company (note 4)...................          --       769,852       769,852            --
                                       ----------    ----------    ----------    ----------
Component equity at end of year......  $  791,504     1,707,347     1,569,272     1,750,778
                                       ==========    ==========    ==========    ==========
</TABLE>

 
                See accompanying notes to financial statements.
                                      F-398