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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   386
                            INTERMEDIA CABLE SYSTEMS
              (COMPRISED OF COMPONENTS OF INTERMEDIA PARTNERS AND
                     INTERMEDIA CAPITAL PARTNERS IV, L.P.)
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
                             (DOLLARS IN THOUSANDS)
 
related regulations, as well as the TDOR's history of not making assessments
based on audits of prior periods, support InterMedia's interpretation.
InterMedia and other cable operators in Tennessee are aggressively defending
their past practices on calculation and payment of the Amusement Tax and are
discussing with the TDOR modifications to their proposed legislation which would
clarify the statute and would minimize the impact of such legislation on the
Systems' results of operations.
 
     The Systems are subject to other claims and litigation in the ordinary
course of business. In the opinion of management, the ultimate outcome of any
existing litigation or other claims will not have a material effect on the
Systems' financial position or results of operations.
 
     The Systems have entered into pole rental agreements and lease certain of
its facilities and equipment under non-cancelable operating leases. Minimum
rental commitments at December 31, 1998 for the next five years and thereafter
under non-cancelable operating leases related to the Systems are as follows:
 

<TABLE>
<S>                                                           <C>
1999........................................................  $155
2000........................................................   144
2001........................................................   136
2002........................................................    35
2003........................................................     7
                                                              ----
                                                              $477
                                                              ====
</TABLE>

 
     Rent expense, including pole rental agreements, for the years ended
December 31, 1998 and 1997 was $2,817 and $2,828, respectively.
 
12. INCOME TAXES
 
     Income tax (expense) benefit consists of the following:
 

<TABLE>
<CAPTION>
                                                          DECEMBER 31,
                                                        ----------------
                                                         1998      1997
                                                        -------   ------
<S>                                                     <C>       <C>
Current federal.......................................  $    --   $ (285)
Deferred federal......................................   (1,454)   3,813
Deferred state........................................     (169)     498
                                                        -------   ------
                                                        $(1,623)  $4,026
                                                        =======   ======
</TABLE>

 
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