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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   309
                       GREATER MEDIA CABLEVISION SYSTEMS
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
     Depreciation expense for the years ended September 30, 1998, 1997 and 1996
was $8,081, $7,337, and $7,314, respectively. Construction in progress results
primarily from costs to upgrade the systems to fiber optic technologies in the
areas served by the Combined Systems.
 
4.  INTANGIBLE ASSETS
 
     Intangible assets consist of the following at September 30:
 

<TABLE>
<CAPTION>
                                                    1998      1997
                                                    ----      ----
<S>                                                <C>       <C>
Franchise agreements.............................  $3,230    $2,883
Customer lists...................................   1,751     1,751
Organization expenses............................     146       146
Goodwill.........................................   2,260     1,510
Covenant not to compete..........................      40        40
                                                   ------    ------
                                                    7,427     6,330
Accumulated amortization.........................   4,737     4,683
                                                   ------    ------
Intangible assets, net...........................  $2,690    $1,647
                                                   ======    ======
</TABLE>

 
     Amortization expense for the years ended September 30, 1998, 1997 and 1996
was $102, $31 and $39, respectively.
 
5.  ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 
     Accounts payable and accrued expenses consist of the following at September
30:
 

<TABLE>
<CAPTION>
                                                    1998      1997
                                                    ----      ----
<S>                                                <C>       <C>
Accounts payable.................................  $4,733    $3,544
Rate refund liability............................     923       481
Programming expenses.............................     586       557
Other............................................     883       717
                                                   ------    ------
                                                   $7,125    $5,299
                                                   ======    ======
</TABLE>

 
6.  INCOME TAXES
 
     The Combined Systems are included in the consolidated federal income tax
return of the Parent. However, the Parent is responsible for tax payments
applicable to the Combined Systems. The combined financial statements reflect a
provision in lieu of income taxes as if the combined systems were filing on a
separate company basis. Accordingly, the Combined Systems have included the
provision in lieu of income taxes as a component of net assets for all periods
presented.
 
     The provision in lieu of income taxes approximates the amount of tax
computed using U.S. statutory rates, after reflecting state income tax expense
of $2,053, $1,924 and $1,486, for 1998, 1997 and 1996, respectively.
 
                                      F-104