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S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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<PAGE>   611
 
                        BRESNAN COMMUNICATIONS GROUP LLC
 
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 1998 AND 1999
                                  (UNAUDITED)
 

<TABLE>
<CAPTION>
                                                                1998        1999
                                                              --------    ---------
<S>                                                           <C>         <C>
Cash flows from operating activities:
  Net earnings (loss).......................................  $ 16,280    $  (2,190)
  Adjustments to reconcile net earnings to net cash provided
     by operating activities:
     Depreciation and amortization..........................    12,780       13,669
     Loss (gain) on sale of cable systems...................    (7,010)         181
     Amortization of deferred financing costs...............        --        2,058
     Changes in operating assets and liabilities, net of
      effects of acquisitions:
       Change in receivables................................     6,498       (1,497)
       Change in other assets...............................        82       (1,693)
       Change in accounts payable, accrued expenses and
        other liabilities...................................    (2,014)         403
                                                              --------    ---------
       Net cash provided by operating activities............    26,616       10,931
                                                              --------    ---------
Cash flows from investing activities:
  Capital expended for property and equipment...............    (5,845)      (7,948)
  Capital expended for franchise costs......................      (573)        (918)
  Cash paid in acquisitions of cable television systems.....   (16,417)     (64,763)
  Proceeds on dispositions of cable televisions systems.....        --        4,085
  Change in restricted cash.................................        --       45,071
                                                              --------    ---------
          Net cash used in investing activities.............   (22,835)     (24,473)
Cash flows from financing activities:
  Borrowings under note agreement...........................    22,700      852,551
  Repayments under note agreement...........................    (6,345)    (237,161)
  Deferred finance costs paid...............................        --      (18,027)
  Contributions from members................................                136,500
  Distributions to members..................................   (11,681)    (726,407)
                                                              --------    ---------
          Net cash provided by financing activities.........     4,674        7,456
                                                              --------    ---------
          Net increase (decrease) in cash...................     8,455       (6,086)
Cash and cash equivalents:
  Beginning of period.......................................     6,957        6,636
                                                              --------    ---------
  End of period.............................................  $ 15,412    $     550
                                                              ========    =========
Supplemental disclosure of cash flow information -- cash
  paid during the period for interest.......................  $  4,704    $  25,169
                                                              ========    =========
</TABLE>

 
          See accompanying notes to consolidated financial statements.
                                      F-467