Print Page  Close Window

SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 08/27/1999
Entire Document
 
<PAGE>   55
   

<TABLE>
<CAPTION>
                                                               AS OF JUNE 30, 1999
                            -----------------------------------------------------------------------------------------
                                      RECENT ACQUISITIONS                           PENDING ACQUISITIONS
                            ----------------------------------------   ----------------------------------------------
                                           PRO FORMA                                     PRO FORMA
                            ----------------------------------------   ----------------------------------------------
                            HISTORICAL    ADJUSTMENTS        TOTAL     HISTORICAL   ACQUISITIONS(A)   DISPOSITIONS(B)
                            ----------   --------------    ---------   ----------   ---------------   ---------------
<S>                         <C>          <C>               <C>         <C>          <C>               <C>
Cash and cash
  equivalents.............  $   6,967      $(109,626)(c)   $(102,659)  $    7,156       $   54           $  (8,807)
Accounts receivable,
  net.....................      3,478             --           3,478       29,127          830              (1,879)
Receivable from related
  party...................          6             (6)(e)          --        5,250            3
Prepaid expenses and
  other...................      2,327             --           2,327        2,990          348                (197)
                            ---------      ---------       ---------   ----------       ------           ---------
  Total current assets....     12,778       (109,632)        (96,854)      44,523        1,235             (10,883)
Property, plant and
  equipment...............    108,862             --         108,862      528,700        4,208             (81,819)
Franchises................     67,767        524,236(f)      592,003      663,519            6            (332,143)
Deferred income tax
  assets..................         --             --              --       15,288           --                  --
Other assets..............     80,090        (80,090)(h)          --        5,535           90                (469)
                            ---------      ---------       ---------   ----------       ------           ---------
  Total assets............  $ 269,497      $ 334,514       $ 604,011   $1,257,565       $5,539           $(425,314)
                            =========      =========       =========   ==========       ======           =========
Accounts payable and
  accrued expenses........  $  15,987      $      --       $  15,987   $   66,651       $  796           $  (5,314)
Current deferred
  revenue.................      1,076         (1,076)(d)          --       11,778           --                  --
Note payable to related
  party...................         --             --              --        4,607           --                  --
                            ---------      ---------       ---------   ----------       ------           ---------
  Total current
    liabilities...........     17,063         (1,076)         15,987       83,036          796              (5,314)
Deferred revenue..........         --             --              --           --          170                  --
Deferred income taxes.....         --             --              --        6,703           --                  --
Long-term debt............    339,763        248,261(j)      588,024      546,575        1,063            (420,000)
Note payable to related
  party, including accrued
  interest................      5,000         (5,000)(i)          --      414,493           --                  --
Other long-term
  liabilities.............     21,162        (21,162)(i)          --       18,168           --                  --
Equity....................   (113,491)       113,491(k)           --      188,590        3,510                  --
                            ---------      ---------       ---------   ----------       ------           ---------
  Total liabilities and
    equity................  $ 269,497      $ 334,514       $ 604,011   $1,257,565       $5,539           $(425,314)
                            =========      =========       =========   ==========       ======           =========
 
<CAPTION>
                               AS OF JUNE 30, 1999
                            --------------------------
                               PENDING ACQUISITIONS
                            --------------------------
                                    PRO FORMA
                            --------------------------
                            ADJUSTMENTS       TOTAL
                            -----------     ----------
<S>                         <C>             <C>
Cash and cash
  equivalents.............  $       --      $   (1,597)
Accounts receivable,
  net.....................      (9,422)(d)      18,656
Receivable from related
  party...................      (5,253)(e)          --
Prepaid expenses and
  other...................          --           3,141
                            ----------      ----------
  Total current assets....     (14,675)         20,200
Property, plant and
  equipment...............          --         451,089
Franchises................   1,594,987(f)    1,926,369
Deferred income tax
  assets..................     (15,288)(g)          --
Other assets..............      (5,625)(h)        (469)
                            ----------      ----------
  Total assets............  $1,559,399      $2,397,189
                            ==========      ==========
Accounts payable and
  accrued expenses........  $       --      $   62,133
Current deferred
  revenue.................      (9,422)(d)       2,356
Note payable to related
  party...................      (4,607)(i)          --
                            ----------      ----------
  Total current
    liabilities...........     (14,029)         64,489
Deferred revenue..........        (170)(d)          --
Deferred income taxes.....      (6,703)(g)          --
Long-term debt............     880,062(j)    1,007,700
Note payable to related
  party, including accrued
  interest................    (414,493)(i)          --
Other long-term
  liabilities.............     (18,168)(i)          --
Equity....................   1,132,900(k)    1,325,000
                            ----------      ----------
  Total liabilities and
    equity................  $1,559,399      $2,397,189
                            ==========      ==========
</TABLE>

    
 
-------------------------
 
   
(a) Represents the historical balance sheets as of June 30, 1999, of our recent
    and pending acquisitions.
    
 
   
(b) Represents the historical assets and liabilities as of June 30, 1999, of the
    cable systems to be transferred to InterMedia as part of a swap of cable
    systems. The cable systems being swapped will be accounted for at fair
    value. No material gain or loss is anticipated in conjunction with the swap.
    See the "Business" section.
    
 
   
(c) Represents the use of Charter Holdings cash for the recent and pending
    acquisitions. The sources of cash for the recent and pending acquisitions is
    as follows (dollars in millions):
    
 
   

<TABLE>
<S>  <C>                                                           <C>
     Charter Holdings' historical cash...........................  $  109.6
     Vulcan Cable III committed equity contributions.............   1,325.0
     Expected credit facilities draw down........................   1,570.8
     Helicon preferred limited liability company interests.......      25.0
                                                                   --------
                                                                   $3,030.4
                                                                   ========
</TABLE>

    
 
(d) Represents the offset of advance billings against deferred revenue to be
    consistent with Charter Holdings' accounting policy and the elimination of
    deferred revenue.
 
(e) Reflects assets retained by the seller.
 
                                       52