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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 09/28/1999
Entire Document
 
<PAGE>   568
 
                       AVALON CABLE LLC AND SUBSIDIARIES
 
                      CONSOLIDATED STATEMENT OF CASH FLOWS
 

<TABLE>
<CAPTION>
                                                               FOR THE SIX      FOR THE SIX
                                                               MONTHS ENDED     MONTHS ENDED
                                                              JUNE 30, 1999    JUNE 30, 1998
                                                              --------------   --------------
                                                                        (UNAUDITED)
                                                                      (IN THOUSANDS)
<S>                                                           <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)...........................................     $(20,945)        $    19
Adjustments to reconcile net income to net cash provided by
  operating activities
Depreciation and amortization...............................       22,096              53
Accretion of Senior Discount Notes..........................        6,630              --
Changes in operating assets and liabilities
Decrease in subscriber receivables..........................          247              22
(Increase) decrease in prepaid expenses and other assets....          240             (16)
Increase in accounts payable and accrued expenses...........        2,440             152
Increase in accounts payable, net-affiliate.................        1,000              --
Decrease in deferred revenues...............................          (35)           (152)
Decrease in deferred income taxes, net......................       (1,362)             --
                                                                 --------         -------
Net cash provided by operating activities...................       10,311              78
                                                                 --------         -------
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment..................       (9,881)           (101)
Payments for acquisitions, net..............................      (39,420)         (8,187)
                                                                 --------         -------
Net cash used in investing activities.......................      (49,301)         (8,288)
                                                                 --------         -------
CASH FLOWS FROM FINANCING ACTIVITIES
Note payable-affiliate......................................       (3,341)            733
Capital Contribution........................................           --           1,062
Proceeds from credit facility...............................       36,500           6,700
                                                                 --------         -------
Net cash provided by financing activities...................       33,159           8,495
                                                                 --------         -------
Increase (decrease) in cash.................................       (5,831)            285
Cash, beginning of period...................................        9,288              --
                                                                 --------         -------
Cash, end of period.........................................     $  3,457         $   285
                                                                 ========         =======
</TABLE>

 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
                                      F-323