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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
Entire Document
 
<PAGE>   273
          CHARTER COMMUNICATIONS HOLDING COMPANY, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
12.  PARENT COMPANY ONLY FINANCIAL STATEMENTS
 
     As a result of the limitations on and prohibitions of distributions,
substantially all of the net assets of the consolidated subsidiaries are
restricted for distribution to CCHC, the parent company. CCHC (parent company
only) financial statements are presented below.
 
       CHARTER COMMUNICATIONS HOLDING COMPANY, LLC (PARENT COMPANY ONLY)
 
                                 BALANCE SHEET
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                                              DECEMBER 31, 1998
                                                              -----------------
<S>                                                           <C>
ASSETS
INVESTMENT IN CHARTER HOLDINGS..............................     $2,147,379
                                                                 ==========
MEMBERS' EQUITY
MEMBERS' EQUITY.............................................     $2,147,379
                                                                 ==========
</TABLE>

 
       CHARTER COMMUNICATIONS HOLDING COMPANY, LLC (PARENT COMPANY ONLY)
 
                            STATEMENT OF OPERATIONS
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                                                 PERIOD FROM
                                                              DECEMBER 24, 1998,
                                                                   THROUGH
                                                              DECEMBER 31, 1998
                                                              ------------------
<S>                                                           <C>
EQUITY IN LOSS OF CHARTER HOLDINGS..........................      $   (5,277)
                                                                  ==========
  Net loss..................................................      $   (5,277)
                                                                  ==========
</TABLE>

 
       CHARTER COMMUNICATIONS HOLDING COMPANY, LLC (PARENT COMPANY ONLY)
 
                          STATEMENT OF MEMBERS' EQUITY
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<S>                                                           <C>
Balance, December 24, 1998..................................     $2,151,811
Net loss....................................................         (5,277)
Stock option compensation...................................            845
                                                                 ----------
Balance, December 31, 1998..................................     $2,147,379
                                                                 ==========
</TABLE>

 
     The investment in Charter Holdings is accounted for on the equity method.
No statement of cash flows has been presented as CCHC (parent company only) had
no cash flow activity.
 
13.  SUBSEQUENT EVENTS:
 
     Through April 19, 1999, the Company has entered into definitive agreements
to purchase eight cable television companies, including a swap of cable
television systems, for approximately $4.6 billion. The swap of cable television
systems will be recorded at the fair value of the systems exchanged. The
acquisitions are expected to close no later than March 31, 2000. The
acquisitions will be accounted for using the purchase method of accounting, and
accordingly,
 
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