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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
Entire Document
 
<PAGE>   530
 
    THE COMBINED OPERATIONS OF PEGASUS CABLE TELEVISION OF CONNECTICUT, INC.
       AND THE MASSACHUSETTS OPERATIONS OF PEGASUS CABLE TELEVISION, INC.
 
                            COMBINED BALANCE SHEETS
 

<TABLE>
<CAPTION>
                                                         DECEMBER 31,
                                                  --------------------------     JUNE 30,
                                                     1996           1997           1998
                                                  -----------    -----------    -----------
<S>                                               <C>            <C>            <C>
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.......................  $   389,097    $ 1,092,084    $ 1,708,549
Accounts receivable, less allowance for doubtful
  accounts at December 31, 1996 and 1997 and
  June 30, 1998 of $11,174, $3,072 and $0,
  respectively..................................      140,603        116,112        144,653
Prepaid expenses and other......................       62,556         90,500         92,648
                                                  -----------    -----------    -----------
Total current assets............................      592,256      1,298,696      1,945,850
Property and equipment, net.....................    4,164,545      3,565,597      3,005,045
Intangible assets, net..........................    2,174,084      2,096,773      1,939,904
Accounts receivable, affiliates.................    4,216,682      5,243,384      5,692,013
Deposits and other..............................      436,382        456,135        406,135
                                                  -----------    -----------    -----------
Total assets....................................  $11,583,949    $12,660,585    $12,988,947
                                                  ===========    ===========    ===========
LIABILITIES AND STOCKHOLDER'S DEFICIT
CURRENT LIABILITIES:
Current portion of long-term debt...............  $    71,744    $    34,272    $14,993,581
Accounts payable................................      786,284        803,573        764,588
Accrued incentive compensation..................      117,692        149,823        220,724
Accrued franchise fees..........................      193,369        173,735         86,332
Accrued pole rental.............................       83,910         78,345         52,954
Accrued expenses................................      383,572        203,561         42,038
                                                  -----------    -----------    -----------
Total current liabilities.......................    1,636,571      1,443,309     16,160,217
Long-term debt, net.............................   15,043,763     15,018,099             --
Accrued interest................................    2,811,297      4,685,494      5,622,593
Other...........................................      299,030        299,030        299,030
                                                  -----------    -----------    -----------
Total liabilities...............................   19,790,661     21,445,932     22,081,840
Commitments and contingent liabilities..........           --             --             --
STOCKHOLDER'S DEFICIT:
Common stock-par value $1 per share; 10,000
  shares authorized; 7,673 shares issued and
  outstanding...................................        7,673          7,673          7,673
Accumulated deficit.............................   (8,214,385)    (8,793,020)    (9,100,566)
                                                  -----------    -----------    -----------
Total stockholder's deficit.....................   (8,206,712)    (8,785,347)    (9,092,893)
                                                  -----------    -----------    -----------
Total liabilities and stockholder's deficit.....  $11,583,949    $12,660,585    $12,988,947
                                                  ===========    ===========    ===========
</TABLE>

 
            See accompanying notes to combined financial statements
                                      F-386