Print Page  Close Window

SEC Filings

424B3
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 424B3 on 09/02/1999
Entire Document
 
<PAGE>   414
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
awaiting an FCC rulemaking implementing the present law to determine whether its
systems qualify as small cable systems.
 
12.  SUMMARIZED FINANCIAL INFORMATION
 
     CEM, CEI and CEC (collective, the "Guarantors") are all wholly-owned
subsidiaries of the Company and, together with RACC, constitute all of the
Partnership's direct and indirect subsidiaries. As discussed in Note 1, RTL and
FNI were dissolved on January 1, 1998 and the assets were transferred to the
Company, however, prior thereto, RTL and FNI, as wholly-owned subsidiaries of
the Company, were Guarantors. Each of the Guarantors provides a full,
unconditional, joint and several guaranty of the obligations under the Notes
discussed in Note 6. Separate financial statements of the Guarantors are not
presented because management has determined that they would not be material to
investors.
 
     The following tables present summarized financial information of the
Guarantors on a combined basis as of December 31, 1998 and 1997 and for the
years ended December 31, 1998, and 1997 and 1996.
 

<TABLE>
<CAPTION>
                               12/31/98        12/31/97
       BALANCE SHEET         ------------    ------------
<S>                          <C>             <C>             <C>
Cash.......................  $    373,543    $    780,368
Accounts and other
  receivables, net.........     3,125,830       3,012,571
Prepaid expenses...........       791,492         970,154
Property, plant and
  equipment net............    48,614,536      66,509,120
Franchise costs and other
  intangible assets, net...    56,965,148     103,293,631
Accounts payable and
  accrued liabilities......    22,843,354      18,040,588
Other liabilities..........       980,536       1,122,404
Deferred taxes payable.....     7,942,000      12,138,000
Notes payable..............   140,050,373     167,200,500
Equity (deficit)...........   (61,945,714)    (23,935,648)
</TABLE>

 

<TABLE>
<CAPTION>
                              YEAR ENDED      YEAR ENDED      YEAR ENDED
                               12/31/98        12/31/97        12/31/96
 STATEMENTS OF OPERATIONS    ------------    ------------    ------------
<S>                          <C>             <C>             <C>
Total revenue..............  $ 29,845,826    $ 47,523,592    $ 42,845,044
          Total costs and
             expenses......   (31,190,388)    (53,049,962)    (43,578,178)
Interest expense...........   (14,398,939)    (17,868,497)    (16,238,221)
Income tax benefit.........     4,177,925       5,335,000       3,645,719
                             ------------    ------------    ------------
Net loss...................  $(11,565,576)   $(18,059,867)   $(13,325,636)
                             ============    ============    ============
</TABLE>

 
                                      F-210