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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
Entire Document
 
<PAGE>   61
 
     The following table sets forth the percentages of revenues that items in
the statements of operations constitute for the indicated periods.
 

<TABLE>
<CAPTION>
                                                         YEAR ENDED
                                                        DECEMBER 31,                     1/1/98              12/24/98
                                            ------------------------------------         THROUGH             THROUGH
                                                  1996                1997              12/23/98             12/31/98
                                            ----------------    ----------------    -----------------    ----------------
                                                                       (DOLLARS IN THOUSANDS)
<S>                                         <C>        <C>      <C>        <C>      <C>         <C>      <C>        <C>
STATEMENT OF OPERATIONS
Revenues..................................  $14,881    100.0%   $18,867    100.0%   $ 49,731    100.0%   $23,450    100.0%
                                            -------    -----    -------    -----    --------    -----    -------    -----
Operating expenses:
 Operating costs..........................    5,888     39.6%     9,157     48.5%     18,751     37.7%     9,957     42.5%
 General and administrative...............    2,235     15.0%     2,610     13.8%      7,201     14.5%     2,722     11.6%
 Depreciation and amortization............    4,593     30.9%     6,103     32.3%     16,864     33.9%    13,811     58.9%
 Management fees/corporate expense
   charges................................      446      3.0%       566      3.0%      6,176     12.4%       766      3.3%
                                            -------    -----    -------    -----    --------    -----    -------    -----
 Total operating expenses.................   13,162     88.4%    18,436     97.7%     48,992     98.5%    27,256    116.2%
                                            -------    -----    -------    -----    --------    -----    -------    -----
Income (loss) from operations.............    1,719     11.6%       431      2.3%        739      1.5%    (3,806)   (16.2%)
Interest income...........................       20      0.1%        41      0.2%         44      0.1%       133      0.6%
Interest expense..........................   (4,415)   (29.7%)   (5,120)   (27.1%)   (17,277)   (34.7%)   (5,051)   (21.5%)
Other income (expense)....................      (47)    (0.3%)       25      0.1%       (728)    (1.5%)       --       --
                                            -------    -----    -------    -----    --------    -----    -------    -----
Net loss..................................  $(2,723)   (18.3%)  $(4,623)   (24.5%)  $(17,222)   (34.6%)  $(8,724)   (37.2%)
                                            =======    =====    =======    =====    ========    =====    =======    =====
</TABLE>

 
PERIOD FROM DECEMBER 24, 1998, THROUGH DECEMBER 31, 1998
 
     This period is not comparable to any other period presented. The financial
statements represent eight days of operations. This period not only contains the
results of operations of CCP Holdings, but also the results of operations of the
CCA Group, CharterComm Holdings and Marcus Holdings. As a result, no comparison
of the operating results for this eight-day period is presented.
 
PERIOD FROM JANUARY 1, 1998 THROUGH DECEMBER 23, 1998 COMPARED TO 1997
 
     REVENUES.  Revenues increased by $30.8 million, or 163.6%, from $18.9
million in 1997 to $49.7 million for the period from January 1, 1998 through
December 23, 1998. This increase resulted primarily from the acquisition of
Sonic, whose revenues for that period were $30.5 million.
 
     OPERATING EXPENSES.  Operating expenses increased by $9.6 million, or
104.8%, from $9.2 million in 1997 to $18.8 million for the period from January
1, 1998 through December 23, 1998. This increase was due primarily to the
acquisition of Sonic, whose operating expenses for that period were $11.5
million. The increase for this period was partially offset by the loss of $1.4
million on the sale of a cable system in 1997.
 
     GENERAL AND ADMINISTRATIVE EXPENSES.  General and administrative expenses
increased by $4.6 million, or 175.9%, from $2.6 million in 1997 to $7.2 million
for the period from January 1, 1998 through December 23, 1998. This increase was
due primarily to the acquisition of Sonic, whose general and administrative
expenses for that period were $4.4 million.
 
     DEPRECIATION AND AMORTIZATION.  Depreciation and amortization expense
increased by $10.8 million, or 176.3%, from $6.1 million in 1997 to $16.9
million for the period from January 1, 1998 through December 23, 1998. Of this
increase, $10.3 million was attributable to the acquisition of Sonic.
 
     MANAGEMENT FEES/CORPORATE EXPENSE CHARGES.  Corporate expense charges
increased by $5.6 million, or 991.2%, from $0.6 million in 1997 to $6.2 million
for the period from January 1, 1998 through December 23, 1998. This increase was
the result of additional Charter Investment
 
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