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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   335
           PICAYUNE MS, LAFOURCHE LA, ST. TAMMANY LA, ST. LANDRY LA,
           POINTE COUPEE LA, AND JACKSON TN CABLE TELEVISION SYSTEMS
                          (INCLUDED IN TWI CABLE INC.)
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
as cash represent the Combined Systems' net cash receipts not transferred to the
centralized account as of December 31, 1996 and 1997. The average net
intercompany payable balances was $166,522,000 for the period from January 1,
1998 through April 8, 1998.
 
     For purposes of this statement, cash and cash equivalents includes all
highly liquid investments purchased with original maturities of three months or
less.
 
  PROPERTY, PLANT AND EQUIPMENT
 
     Property, plant and equipment are stated at cost. Additions to property,
plant and equipment generally include material, labor, overhead and interest.
Depreciation is provided on the straight-line method over estimated useful lives
as follows:
 

<TABLE>
<S>                                                      <C>
Buildings and improvements...........................    5-20 years
Cable television equipment...........................    5-15 years
Furniture, fixtures and other equipment..............    3-10 years
</TABLE>

 
     Property, plant and equipment consist of:
 

<TABLE>
<CAPTION>
                                                        APRIL 8, 1998
                                                        -------------
                                                        (IN THOUSANDS)
<S>                                                     <C>
Land and buildings..................................       $  2,255
Cable television equipment..........................         40,276
Furniture, fixtures and other equipment.............          2,308
Construction in progress............................          1,183
                                                           --------
                                                             46,022
Less accumulated depreciation.......................        (10,030)
                                                           --------
          Total.....................................       $ 35,992
                                                           ========
</TABLE>

 
  INTANGIBLE ASSETS
 
     The Combined Systems amortized goodwill over periods up to 40 years and
cable television franchises over periods up to 20 years, both using the
straight-line method. For the period from January 1, 1998 through April 8, 1998
amortization of goodwill amounted to $360,000 and amortization of cable
television franchises amounted to $3,008,000. Accumulated amortization of
intangible assets amounted to $28,114,000 at April 8, 1998.
 
  IMPAIRMENT
 
     Management separately reviews the carrying value of acquired long-lived
assets for each acquired entity on a quarterly basis to determine whether an
impairment may exist. Management considers relevant cash flow and profitability
information, including estimated future operating results, trends and other
available information, in assessing whether the carrying value of long-lived
assets can be recovered. Upon a determination that the carrying value of
long-lived assets will not be recovered from the undiscounted future cash flows
of the acquired business, the carrying value of such long-lived assets would be
considered impaired and would be reduced by a charge to operations in the amount
of the
 
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