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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/02/1999
Entire Document
 
<PAGE>   379
                            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)
 
3. SALE AND EXCHANGE OF CABLE PROPERTIES
 
SALE
 
     On December 5, 1997, RMG sold its cable television assets serving
approximately 7,400 (unaudited) basic subscribers in and around Royston and
Toccoa, Georgia. The sale resulted in a gain, calculated as follows:
 

<TABLE>
<S>                                                           <C>
Proceeds from sale..........................................  $11,212
Net book value of assets sold...............................   (1,206)
                                                              -------
Gain on sale................................................  $10,006
                                                              =======
</TABLE>

 
EXCHANGE
 
     On December 31, 1998, certain of the Systems' cable television assets
located in and around western and eastern Tennessee ("Exchanged Assets"),
serving approximately 10,600 (unaudited) basic subscribers, plus cash of $398
were exchanged for other cable television assets located in and around western
and eastern Tennessee, serving approximately 10,000 (unaudited) basic
subscribers.
 
     The cable television assets received have been recorded at fair market
value, allocated as follows:
 

<TABLE>
<S>                                                           <C>
Property and equipment......................................  $ 5,141
Franchise rights............................................   24,004
                                                              -------
          Total.............................................  $29,145
                                                              =======
</TABLE>

 
     The exchange resulted in a gain of $26,218 calculated as the difference
between the fair value of the assets received and the net book value of the
Exchanged Assets less cash paid of $398.
 
4. INTANGIBLE ASSETS
 
     Intangible assets consist of the following:
 

<TABLE>
<CAPTION>
                                                           DECEMBER 31,
                                                       --------------------
                                                         1998        1997
                                                       ---------   --------
<S>                                                    <C>         <C>
Franchise rights.....................................  $ 332,157   $302,308
Goodwill.............................................     58,505     58,772
Other................................................        345      6,392
                                                       ---------   --------
                                                         391,007    367,472
Accumulated amortization.............................   (135,651)   (83,910)
                                                       ---------   --------
                                                       $ 255,356   $283,562
                                                       =========   ========
</TABLE>

 
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