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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
Entire Document
 
<PAGE>   500
                     CABLE MICHIGAN, INC. AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
estimated consideration payable in conjunction with the Mercom Acquisition,
excluding fees and expenses was $21,900.
 
     In March 1999, Avalon Michigan Inc. acquired the cable television systems
of Nova Cablevision, Inc., Nova Cablevision VI, L.P. and Nova Cablevision VII,
L.P. for approximately $7,800, excluding transaction fees.
 
     In July 1997, Mercom sold its cable system in Port St. Lucie, Florida for
cash of approximately $3,500. The Company realized a pretax gain of $2,571 on
the transaction.
 
4. PROPERTY, PLANT AND EQUIPMENT
 

<TABLE>
<CAPTION>
                                                    DECEMBER 31,    NOVEMBER 5,
                                                        1997           1998
                                                    ------------    -----------
<S>                                                 <C>             <C>
Cable plant.......................................    $158,655       $ 174,532
Buildings and land................................       2,837           2,917
Furniture, fixtures and vehicles..................       5,528           6,433
Construction in process...........................         990             401
                                                      --------       ---------
Total property, plant and equipment...............     168,010         184,283
Less accumulated depreciation.....................     (94,174)       (106,718)
                                                      --------       ---------
Property, plant and equipment, net................    $ 73,836       $  77,565
                                                      ========       =========
</TABLE>

 
     Depreciation expense was $15,728, $16,431 and $14,968 for the years ended
December 31, 1996 and 1997, and the period from January 1, 1998 to November 5,
1998, respectively.
 
5. INTANGIBLE ASSETS
 
     Intangible assets consist of the following at:
 

<TABLE>
<CAPTION>
                                                    DECEMBER 31,    NOVEMBER 5,
                                                        1997           1998
                                                    ------------    -----------
<S>                                                 <C>             <C>
Cable Franchises..................................    $134,889       $ 134,889
Noncompete agreements.............................         473             473
Goodwill..........................................       3,990           3,990
Other.............................................       1,729           1,729
                                                      --------       ---------
Total.............................................     141,081         141,081
Less accumulated amortization.....................     (95,821)       (108,951)
                                                      --------       ---------
Intangible assets, net............................    $ 45,260       $  32,130
                                                      ========       =========
</TABLE>

 
     Amortization expense charged to operations for the years ended December 31,
1996 and 1997 was $15,699 and $15,651, respectively, and $13,130 for the period
from January 1, 1998 to November 5, 1998.
 
                                      F-356