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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/01/1999
Entire Document
 
<PAGE>   400
 
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
                      CONSOLIDATED STATEMENT OF OPERATIONS
 

<TABLE>
<CAPTION>
                                                         YEARS ENDED
                                          -----------------------------------------
                                           12/31/98       12/31/97       12/31/96
                                          -----------   ------------   ------------
<S>                                       <C>           <C>            <C>
REVENUE:
Service.................................  $82,498,638   $ 78,588,503   $ 66,433,321
Installation and other..................    7,422,675      5,736,412      4,852,124
                                          -----------   ------------   ------------
          Total revenue.................   89,921,313     84,324,915     71,285,445
COSTS AND EXPENSES:
Operating expense.......................   13,305,376     14,147,031     10,362,671
Programming expense.....................   18,020,812     15,678,977     14,109,527
Selling, general and administrative
  expense...............................   13,757,090     12,695,176     11,352,870
Depreciation............................   15,109,327     14,422,631     11,725,246
Amortization............................   22,104,249     24,208,169     23,572,457
Management fees.........................    3,147,246      2,951,372      2,475,381
Loss on disposal of assets..............    3,436,739      7,834,968      1,357,180
                                          -----------   ------------   ------------
          Total costs and expenses......   88,880,839     91,938,324     74,955,332
                                          -----------   ------------   ------------
Operating income (loss).................    1,040,474     (7,613,409)    (3,669,887)
Gain from the sale of assets (Note 4)...  (42,863,060)            --             --
Interest expense........................   23,662,248     23,765,239     21,607,174
                                          -----------   ------------   ------------
Income (loss) before income taxes.......   20,241,286    (31,378,648)   (25,277,061)
Income tax benefit......................   (4,177,925)    (5,335,000)    (3,645,719)
                                          -----------   ------------   ------------
Net income (loss).......................  $24,419,211   $(26,043,648)  $(21,631,342)
                                          ===========   ============   ============
</TABLE>

 
The accompanying notes are an integral part of the consolidated financial
statements.
 
                                      F-195