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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   292
                           CHARTERCOMM HOLDINGS, L.P.
                                AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
the General Partner and Common Limited Partner consistent with the liquidation
and distribution provisions in the partnership agreements.
 
     At December 23, 1998, the balance related to the CharterComm Holdings
Preferred Limited Partner units was as follows:
 

<TABLE>
<S>                                                        <C>
Contribution, March 1996.................................  $ 20,052
  1996 redemption preference allocation..................     2,629
  Allocation of net loss.................................        --
                                                           --------
Balance, December 31, 1996...............................    22,681
  1997 redemption preference allocation..................        --
  Allocation of net loss.................................    (2,553)
                                                           --------
Balance, December 31, 1997...............................    20,128
  1998 redemption preference allocation..................        --
  Allocation of net loss.................................   (20,128)
                                                           --------
Balance, December 23, 1998...............................  $     --
                                                           ========
</TABLE>

 
     The 1998 and 1997 redemption preference allocations of $4,617 and $4,020,
respectively, have not been reflected in the Preferred Limited Partners' capital
accounts since the General Partner and Common Limited Partners' capital accounts
have been reduced to $-0-.
 
5.  SPECIAL LIMITED PARTNER UNITS (CC-I):
 
     Prior to March 28, 1996, certain Special Limited Partner units of CC-I were
outstanding. CC-I's profits were allocated to the Special Limited Partners until
allocated profits equaled the unrecovered preference amount (preference amounts
range from 6% to 17.5% of the unrecovered initial cost of the partnership units
and unrecovered preference amounts per annum). When there was no profit to
allocate, the preference return was reflected as a decrease in Partners'
Capital.
 
     In accordance with a purchase agreement and through the use of a capital
contribution from Charter Communications Southeast, L.P. (Southeast), a wholly
owned subsidiary of Southeast Holdings, resulting from the proceeds of the Notes
(see Note 9), CC-I paid the Special Limited Partners $43,243 as full
consideration for their partnership interests on March 28, 1996.
 
6.  PROPERTY, PLANT AND EQUIPMENT:
 
     Property, plant and equipment consists of the following at December 31,
1997:
 

<TABLE>
<S>                                                        <C>
Cable distribution systems...............................  $274,837
Land, buildings and leasehold improvements...............     5,439
Vehicles and equipment...................................    14,669
                                                           --------
                                                            294,945
Less -- Accumulated depreciation.........................   (59,137)
                                                           --------
                                                           $235,808
                                                           ========
</TABLE>

 
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