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S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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<PAGE>   572
                          FALCON COMMUNICATIONS, L.P.
                   (SUCCESSOR TO FALCON HOLDING GROUP, L.P.)
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
FINANCING ACTIVITIES
 
     See Note 3 regarding the non-cash financing activities relating to the
acquisitions of the cable systems of the TCI Systems, the Falcon Video Systems,
the Falcon Classic Systems and FCSC. See Note 2 regarding the reclassification
to redeemable partners' equity.
 
NOTE 13 -- FCLP (PARENT COMPANY ONLY)
 
     The following parent-only condensed financial information presents Falcon
Communications, L.P.'s balance sheets and related statements of operations and
cash flows by accounting for the investments in its subsidiaries on the equity
method of accounting. The condensed balance sheet information for 1997 and
condensed statement of operations information through September 30, 1998 is for
FHGLP (parent only). The accompanying condensed financial information should be
read in conjunction with the consolidated financial statements and notes
thereto.
 
                      CONDENSED BALANCE SHEET INFORMATION
 

<TABLE>
<CAPTION>
                                                                  DECEMBER 31,
                                                             ----------------------
                                                               1997         1998
                                                             ---------    ---------
                                                             (DOLLARS IN THOUSANDS)
<S>                                                          <C>          <C>
ASSETS:
  Cash and cash equivalents................................  $   8,177    $   1,605
  Receivables:
     Intercompany notes and accrued interest receivable....    226,437      655,128
     Due from affiliates and other entities, of which
       $23,374,000 was contractually restricted or
       otherwise deferred at December 31, 1997 (see Note
       9)..................................................     25,340        2,129
  Prepaid expenses and other...............................        711          236
  Investments in affiliated partnerships...................     12,827           --
  Other investments........................................      1,519           --
  Property, plant and equipment, less accumulated
     depreciation and amortization.........................      1,323        3,599
  Deferred loan costs, less accumulated amortization.......      4,846       20,044
                                                             ---------    ---------
                                                             $ 281,180    $ 682,741
                                                             =========    =========
LIABILITIES:
  Notes payable............................................  $      10    $      --
  Senior notes payable.....................................    282,193      669,982
  Notes payable to affiliates..............................         --       70,805
  Accounts payable.........................................        179          135
  Accrued expenses.........................................     14,025       14,000
  Equity in net losses of subsidiaries in excess of
     investment............................................    230,155      198,492
                                                             ---------    ---------
          TOTAL LIABILITIES................................    526,562      953,414
REDEEMABLE PARTNERS' EQUITY................................    171,373      133,023
PARTNERS' DEFICIT..........................................   (416,755)    (403,696)
                                                             ---------    ---------
                                                             $ 281,180    $ 682,741
                                                             =========    =========
</TABLE>

 
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