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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 08/27/1999
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PERIOD FROM JANUARY 1, 1999 THROUGH JUNE 30, 1999
    
   
COMPARED TO PERIOD FROM JANUARY 1, 1998 THROUGH JUNE 30, 1998
    
 
   
     REVENUES.  Revenues increased by $453.9 million, or 3,006.0%, from $15.1
million for the period from January 1, 1998 through June 30, 1998 to $469.0
million for the period from January 1, 1999 through June 30, 1999. The increase
in revenues primarily resulted from the acquisitions of CCA Group, CharterComm
Holdings, Sonic, Marcus Holdings and Renaissance. Additional revenue from these
entities included in Charter Holdings for the period ended June 30, 1999 were
$179.5 million, $108.9 million, $26.2 million, $128.1 million and $10.4 million,
respectively.
    
 
   
     OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES.  Operating, general and
administrative expenses increased by $232.9 million, or 2,772.6%, from $8.4
million for the period from January 1, 1998 through June 30, 1998 to $241.3
million for the period from January 1, 1999 through June 30, 1999. This increase
was due primarily to the acquisitions of CCA Group, CharterComm Holdings, Sonic,
Marcus Holdings and Renaissance. Additional operating general and administrative
expenses from these entities included in Charter Holdings for the period ended
June 30, 1999 were $90.7 million, $54.2 million, $13.6 million, $69.5 million
and $4.9 million, respectively.
    
 
   
     DEPRECIATION AND AMORTIZATION.  Depreciation and amortization expense
increased by $244.7 million, or 4,617.0%, from $5.3 million for the period from
January 1, 1998 through June 30, 1998 to $250.0 million for the period from
January 1, 1999 through June 30, 1999. There was a significant increase in
amortization resulting from the acquisitions of CCA Group, CharterComm Holdings,
Sonic, Marcus Holdings and Renaissance. Additional depreciation and amortization
expense from these entities included in Charter Holdings for the period ended
June 30, 1999 were $97.9 million, $67.4 million, $5.3 million, $65.6 million and
$5.8 million, respectively.
    
 
   
     STOCK OPTION COMPENSATION EXPENSE.  Stock option compensation expense
increased by $38.2 million due to the granting of options to employees in
December 1998, February 1999 and April 1999. The exercise prices of the options
are less than the estimated fair values of the underlying membership interests
on the date of grant resulting in compensation expense accrued over the vesting
period of each grant that varies from four to five years.
    
 
   
     MANAGEMENT FEES/CORPORATE EXPENSE CHARGES.  Management fees/corporate
expense charges increased by $10.5 million, or 1,750.0% from $0.6 million for
the period from January 1, 1998 through June 30, 1998 to $11.1 million for the
period from January 1, 1999 through June 30, 1999. The increase from the period
from January 1, 1998 through June 30, 1998 compared to the period from January
1, 1999 through June 30, 1999 was the result of the acquisitions of CCA Group,
CharterComm Holdings, Sonic, Marcus Holdings, Renaissance and American Cable.
    
 
   
     INTEREST INCOME.  Interest income increased by $10.1 million, or 72,042.9%,
from $.014 million for the period from January 1, 1998 to June 30, 1998 to $10.1
million for the period from January 1, 1999 to June 30, 1999. The increase was
primarily due to investing excess cash that resulted from required credit
facilities draw downs.
    
 
   
     INTEREST EXPENSE.  Interest expense increased by $152.1 million, or
2,716.1%, from $5.6 million for the period from January 1, 1998 through June 30,
1998 to $157.7 million for the period from January 1, 1999 through June 30,
1999. This increase resulted primarily from interest on the notes at Charter
Holdings, the credit facilities at Charter Operating and the financing of the
acquisitions of CCA Group and CharterComm
    
 
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