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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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<PAGE>   620
 
                      BRESNAN COMMUNICATIONS GROUP SYSTEMS
            (A COMBINATION OF CERTAIN ASSETS, AS DEFINED IN NOTE 1)
 
           COMBINED STATEMENTS OF OPERATIONS AND PARENTS' INVESTMENT
                  YEARS ENDED DECEMBER 31, 1996, 1997 AND 1998
 

<TABLE>
<CAPTION>
                                                            1996        1997        1998
                                                          --------    --------    --------
                                                               (AMOUNTS IN THOUSANDS)
<S>                                                       <C>         <C>         <C>
Revenue.................................................  $216,609    $247,108    $261,964
Operating costs and expenses:
  Programming (note 6)..................................    46,087      53,857      63,686
  Operating.............................................    31,405      31,906      28,496
  Selling, general and administrative (note 6)..........    52,485      50,572      58,568
  Depreciation and amortization.........................    50,908      53,249      54,308
                                                          --------    --------    --------
                                                           180,885     189,584     205,058
                                                          --------    --------    --------
     Operating income...................................    35,724      57,524      56,906
Other income (expense):
  Interest expense:
     Related party (note 4).............................    (1,859)     (1,892)     (1,872)
     Other..............................................   (13,173)    (16,823)    (16,424)
  Gain on sale of cable television systems..............        --          --      27,027
  Other, net............................................      (844)       (978)       (273)
                                                          --------    --------    --------
                                                           (15,876)    (19,693)      8,458
                                                          --------    --------    --------
     Net earnings.......................................    19,848      37,831      65,364
Parents' investment:
  Beginning of year.....................................   344,664     347,188     359,098
  Operating expense allocations and charges (notes 4 and
     6).................................................    54,643      60,389      71,648
  Net assets of acquired systems (note 3)...............        --      33,635          --
  Cash transfers, net...................................   (71,967)   (119,945)   (114,362)
                                                          --------    --------    --------
  End of year...........................................  $347,188    $359,098    $381,748
                                                          ========    ========    ========
</TABLE>

 
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