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424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
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     The Unaudited Pro Forma Financial Statements do not purport to be
indicative of what our financial position or results of operations would
actually have been had the transactions above been completed on the dates
indicated or to project our results of operations for any future date.
 

<TABLE>
<CAPTION>
                                                       UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
                                                              SIX MONTHS ENDED JUNE 30, 1999
                                     --------------------------------------------------------------------------------
                                      CHARTER        RECENT                     PENDING      REFINANCING
                                      HOLDINGS    ACQUISITIONS                ACQUISITIONS   ADJUSTMENTS
                                      (NOTE A)      (NOTE B)      SUBTOTAL      (NOTE B)      (NOTE C)       TOTAL
                                     ----------   ------------   ----------   ------------   -----------   ----------
                                                       (DOLLARS IN THOUSANDS, EXCEPT CUSTOMER DATA)
<S>                                  <C>          <C>            <C>          <C>            <C>           <C>
Revenues...........................  $  594,173     $127,246     $  721,419    $  181,625      $   --      $  903,044
                                     ----------     --------     ----------    ----------      ------      ----------
Operating expenses:
  Operating, general and
    administrative.................     310,325       64,798        375,123       103,525          --         478,648
  Depreciation and amortization....     313,621       62,691        376,312        96,898          --         473,210
  Stock option compensation
    expense........................      38,194           --         38,194            --          --          38,194
  Corporate expense charges
    (Note D).......................      11,073        8,999         20,072            --          --          20,072
  Management fees..................          --        2,815          2,815         2,524          --           5,339
                                     ----------     --------     ----------    ----------      ------      ----------
    Total operating expenses.......     673,213      139,303        812,516       202,947          --       1,015,463
                                     ----------     --------     ----------    ----------      ------      ----------
Loss from operations...............     (79,040)     (12,057)       (91,097)      (21,322)         --        (112,419)
Interest expense...................    (183,869)     (27,233)      (211,102)      (71,275)      6,900        (275,477)
Interest income....................      10,189          259         10,448           197          --          10,645
Other income (expense).............       2,682         (428)         2,254          (477)         --           1,777
                                     ----------     --------     ----------    ----------      ------      ----------
Loss before extraordinary item.....  $ (250,038)    $(39,459)    $ (289,497)   $  (92,877)     $6,900      $ (375,474)
                                     ==========     ========     ==========    ==========      ======      ==========
OTHER FINANCIAL DATA:
EBITDA (Note E)....................  $  237,263     $ 50,206     $  287,469    $   75,099                  $  362,568
EBITDA margin (Note F).............        39.9%        39.5%          39.8%         41.3%                       40.1%
Adjusted EBITDA (Note G)...........  $  283,848     $ 62,448     $  346,296    $   78,100                  $  424,396
Cash flows from operating
  activities.......................     172,770       25,655        198,425        62,512                     260,937
Cash flows used in investing
  activities.......................    (321,691)     (36,466)      (358,157)      (75,511)                   (433,668)
Cash flows from (used in) financing
  activities.......................     257,631      (94,559)       163,072       173,974                     337,046
Cash interest expense..............                                                                           216,851
Capital expenditures...............     263,309       25,576        288,885        74,892                     363,777
Total debt to annualized EBITDA....                                                                               9.3x
Total debt to annualized Adjusted
  EBITDA...........................                                                                               7.9
EBITDA to cash interest
  expense..........................                                                                               1.7
EBITDA to interest expense.........                                                                               1.3
Deficiency of earnings to cover
  fixed charges (Note H)...........                                                                        $  375,474
OPERATING DATA (AT END OF PERIOD,
  EXCEPT FOR AVERAGES):
Homes passed (Note I)..............   4,631,000      312,000      4,943,000     1,088,000                   6,031,000
Basic customers (Note J)...........   2,735,000      211,000      2,946,000       731,000                   3,677,000
Basic penetration (Note K).........        59.1%        67.6%          59.6%         67.2%                       61.0%
Premium units (Note L).............   1,674,000       88,000      1,762,000       445,000                   2,207,000
Premium penetration (Note M).......        61.2%        41.7%          59.8%         60.9%                       60.0%
Average monthly revenue per basic
  customer (Note N)................                                                                        $    40.93
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