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SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/02/1999
Entire Document
 
<PAGE>   496
 
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
                      CONSOLIDATED STATEMENT OF CASH FLOW
 

<TABLE>
<CAPTION>
                                                          SIX MONTHS ENDED
                                                              JUNE 30,
                                                    ----------------------------
                                                        1999            1998
                                                    ------------    ------------
                                                            (UNAUDITED)
<S>                                                 <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss..........................................  $(13,196,814)   $ (3,021,146)
Adjustments to reconcile net loss to net cash
  provided by operating activities:
  Depreciation and amortization...................    20,985,420      18,683,379
  Amortization of deferred loan cost..............       483,396         494,880
  Gain on sale of Michigan assets.................            --      (5,989,846)
  Loss on disposal of fixed assets................       471,021         647,759
  Cumulative effect of accounting change for
     organizational costs.........................       111,607              --
  Deferred taxes benefit..........................    (1,239,000)     (1,900,000)
  Decrease (increase) in subscriber accounts
     receivable...................................      (112,720)        269,303
  Decrease in other receivables...................     1,824,318          72,181
  Decrease in prepaid expenses and other..........     1,107,628         201,781
  Increase in accounts payable and accrued
     liabilities..................................     6,700,973       1,135,221
  Decrease in subscriber deposits and
     prepayment...................................      (473,537)       (261,722)
  Decrease in interest payable....................       (73,633)       (272,439)
                                                    ------------    ------------
     Net cash provided by operating activities....    16,588,659      10,059,351
                                                    ------------    ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment........   (17,194,454)    (15,876,545)
Additions to cable television franchises, net of
  retirements and changes in other intangible
  assets..........................................      (114,930)       (757,843)
Net proceeds from sale of Michigan assets.........            --      17,050,564
Net proceeds from the disposal of assets (other
  than Michigan assets)...........................        89,883         118,952
                                                    ------------    ------------
     Net cash provided by (used in) investing
       activities.................................   (17,219,501)        535,128
                                                    ------------    ------------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term bank debt.................     9,500,000      12,000,000
Payments of long term-bank debt...................    (8,500,000)    (23,425,000)
                                                    ------------    ------------
     Net cash provided by (used in) financing
       activities.................................     1,000,000     (11,425,000)
                                                    ------------    ------------
NET INCREASE (DECREASE) IN CASH...................       369,158        (830,521)
CASH AT BEGINNING OF PERIOD.......................     2,324,892       1,902,555
                                                    ------------    ------------
CASH AT END OF PERIOD.............................  $  2,694,050    $  1,072,034
                                                    ============    ============
</TABLE>

 
See accompanying notes to financial statements.
 
                                      F-292