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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 09/28/1999
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<TABLE>
<CAPTION>
                                          UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
                                                 YEAR ENDED DECEMBER 31, 1998
                                     -----------------------------------------------------
                                       CHARTER
                                      COMMUNI-
                                       CATIONS
                                       HOLDING                      RECENT
                                       COMPANY       MARCUS      ACQUISITIONS
                                      (NOTE A)      (NOTE B)       (NOTE C)      SUBTOTAL
                                     -----------   -----------   ------------   ----------
                                           (DOLLARS IN THOUSANDS, EXCEPT PER SHARE)
<S>                                  <C>           <C>           <C>            <C>
Revenues...........................  $   601,953   $   457,929    $ 478,821     $1,538,703
                                     -----------   -----------    ---------     ----------
Operating expenses:
 Operating, general and
   administrative..................      304,555       236,595      248,915        790,065
 Depreciation and amortization.....      370,406       258,348      259,290        888,044
 Stock option compensation
   expense.........................          845            --           --            845
 Corporate expense charges (Note
   F)..............................       16,493        17,042        6,759         40,294
 Management fees...................           --            --       12,107         12,107
                                     -----------   -----------    ---------     ----------
    Total operating expenses.......      692,299       511,985      527,071      1,731,355
                                     -----------   -----------    ---------     ----------
Loss from operations...............      (90,346)      (54,056)     (48,250)      (192,652)
Interest expense...................     (204,770)     (140,651)    (194,529)      (539,950)
Other income (expense).............          518            --       (3,310)        (2,792)
                                     -----------   -----------    ---------     ----------
Income (loss) before minority
  interest.........................     (294,598)     (194,707)    (246,089)      (735,394)
Minority interest..................           --            --           --             --
                                     -----------   -----------    ---------     ----------
Loss before extraordinary item.....     (294,598)     (194,707)    (246,089)      (735,394)
Preferred dividends................           --            --      (10,665)       (10,665)
                                     -----------   -----------    ---------     ----------
Loss applicable to equity
  holders..........................  $  (294,598)  $  (194,707)   $(256,754)    $ (746,059)
                                     ===========   ===========    =========     ==========
Basic loss per share (Note G)......
Diluted loss per share (Note G)....
Weighted average shares
  outstanding:
  Basic............................
  Diluted..........................
OTHER FINANCIAL DATA:
EBITDA (Note H)....................  $   280,578   $   204,292    $ 207,730     $  692,600
EBITDA margin (Note I).............         46.6%         44.6%        43.4%          45.0%
Adjusted EBITDA (Note J)...........  $   297,398   $   221,334    $ 229,906     $  748,638
Cash flows from operating
  activities.......................      141,602       135,466       78,612        355,680
Cash flows used in investing
  activities.......................     (387,633)     (217,729)    (171,296)      (776,658)
Cash flows from (used in) financing
  activities.......................      210,306       109,924       32,985        353,215
Cash interest expense..............
Capital expenditures...............      213,353       224,723       58,107        496,183
OPERATING DATA (AT END OF PERIOD,
  EXCEPT FOR AVERAGES):
Homes passed (Note K)..............    2,149,000     1,743,000    1,506,000      5,398,000
Basic customers (Note L)...........    1,255,000     1,061,000    1,038,000      3,354,000
Basic penetration (Note M).........         58.4%         60.9%        68.9%          62.1%
Premium units (Note N).............      845,000       411,000      558,000      1,814,000
Premium penetration (Note O).......         67.3%         38.7%        53.8%          54.1%
Average monthly revenue per basic
  customer (Note P)................
 
<CAPTION>
                                           UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
                                                  YEAR ENDED DECEMBER 31, 1998
                                     -------------------------------------------------------
 
                                       PENDING      REFINANCING    OFFERING
                                     ACQUISITIONS   ADJUSTMENTS   ADJUSTMENTS
                                       (NOTE C)      (NOTE D)      (NOTE E)        TOTAL
                                     ------------   -----------   -----------   ------------
                                            (DOLLARS IN THOUSANDS, EXCEPT PER SHARE)
<S>                                  <C>            <C>           <C>           <C>
Revenues...........................   $1,152,801      $   --      $       --    $  2,691,504
                                      ----------      ------      ----------    ------------
Operating expenses:
 Operating, general and
   administrative..................      569,650          --              --       1,359,715
 Depreciation and amortization.....      822,000          --              --       1,710,044
 Stock option compensation
   expense.........................           --          --              --             845
 Corporate expense charges (Note
   F)..............................       41,322          --              --          81,616
 Management fees...................        8,696          --              --          20,803
                                      ----------      ------      ----------    ------------
    Total operating expenses.......    1,441,668          --              --       3,173,023
                                      ----------      ------      ----------    ------------
Loss from operations...............     (288,867)         --              --        (481,519)
Interest expense...................     (427,911)      7,000              --        (960,861)
Other income (expense).............       (8,152)         --              --         (10,944)
                                      ----------      ------      ----------    ------------
Income (loss) before minority
  interest.........................     (724,930)      7,000              --      (1,453,324)
Minority interest..................           --                     999,900         999,900
                                      ----------      ------      ----------    ------------
Loss before extraordinary item.....     (724,930)      7,000         999,900        (453,424)
Preferred dividends................           --          --          10,665              --
                                      ----------      ------      ----------    ------------
Loss applicable to equity
  holders..........................   $ (724,930)     $7,000      $1,010,565    $   (453,424)
                                      ==========      ======      ==========    ============
Basic loss per share (Note G)......                                             $      (2.67)
                                                                                ============
Diluted loss per share (Note G)....                                             $      (2.67)
                                                                                ============
Weighted average shares
  outstanding:
  Basic............................                                              170,050,000
  Diluted..........................                                              170,050,000
OTHER FINANCIAL DATA:
EBITDA (Note H)....................      524,981                                $  1,217,581
EBITDA margin (Note I).............         45.5%                                       45.2%
Adjusted EBITDA (Note J)...........   $  583,151                                $  1,331,789
Cash flows from operating
  activities.......................      233,844                                     589,524
Cash flows used in investing
  activities.......................     (517,611)                                 (1,294,269)
Cash flows from (used in) financing
  activities.......................      203,487                                     556,702
Cash interest expense..............                                                  790,129
Capital expenditures...............      254,045                                     750,228
OPERATING DATA (AT END OF PERIOD,
  EXCEPT FOR AVERAGES):
Homes passed (Note K)..............    4,203,000                                   9,601,000
Basic customers (Note L)...........    2,740,000                                   6,094,000
Basic penetration (Note M).........         65.2%                                       63.5%
Premium units (Note N).............    1,081,000                                   2,895,000
Premium penetration (Note O).......         39.5%                                       47.5%
Average monthly revenue per basic
  customer (Note P)................                                             $      36.81
</TABLE>

    
 
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