Print Page  Close Window

SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
Entire Document
 
<PAGE>   290
          CHARTER COMMUNICATIONS HOLDING COMPANY, LLC AND SUBSIDIARIES
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
       CHARTER COMMUNICATIONS HOLDING COMPANY, LLC (PARENT COMPANY ONLY)
 
                            STATEMENT OF OPERATIONS
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                                         PERIOD FROM           YEAR ENDED
                                                       JANUARY 1, 1998        DECEMBER 31
                                                           THROUGH         ------------------
                                                      DECEMBER 23, 1998     1997       1996
                                                      -----------------    -------    -------
<S>                                                   <C>                  <C>        <C>
EQUITY IN LOSS OF CHARTER HOLDINGS..................      $(17,222)        $(4,623)   $(2,723)
                                                          --------         -------    -------
  Net loss..........................................      $(17,222)        $(4,623)   $(2,723)
                                                          ========         =======    =======
</TABLE>

 
       CHARTER COMMUNICATIONS HOLDING COMPANY, LLC (PARENT COMPANY ONLY)
 
                     STATEMENT OF SHAREHOLDER'S INVESTMENT
                             (DOLLARS IN THOUSANDS)
 

<TABLE>
<CAPTION>
                                               COMMON    PAID-IN    ACCUMULATED
                                               STOCK     CAPITAL      DEFICIT       TOTAL
                                               ------    -------    -----------    --------
<S>                                            <C>       <C>        <C>            <C>
BALANCE, December 31, 1995...................    $--     $ 1,500     $   (529)     $    971
  Capital Contribution.......................    --        4,400           --         4,400
  Net loss                                       --           --       (2,723)       (2,723)
                                                 --      -------     --------      --------
BALANCE, December 31, 1996...................    --        5,900       (3,252)        2,648
  Net loss...................................    --           --       (4,623)       (4,623)
                                                 --      -------     --------      --------
BALANCE, December 31, 1997...................    --        5,900       (7,875)       (1,975)
  Capital Contribution.......................    --       10,800           --        10,800
  Net loss...................................    --           --      (17,222)      (17,222)
                                                 --      -------     --------      --------
BALANCE, December 23, 1998...................    $--     $16,700     $(25,097)     $ (8,397)
                                                 ==      =======     ========      ========
</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.
 
14.  ACCOUNTING STANDARD NOT YET IMPLEMENTED:
 
     In June 1998, the Financial Accounting Standards Board adopted SFAS No.
133, "Accounting for Derivative Instruments and Hedging Activities." SFAS No.
133 establishes accounting and reporting standards requiring that every
derivative instrument (including certain derivative instruments embedded in
other contracts) be recorded in the balance sheet as either an asset or
liability measured at its fair value and that changes in the derivative's fair
value be recognized currently in earnings unless specific hedge accounting
criteria are met. Special accounting for qualifying hedges allows a derivative's
gains and losses to offset related results on the hedged item in the income
statement, and requires that a company must formally document, designate and
assess the effectiveness of transactions that receive hedge accounting. SFAS No.
133 is effective for fiscal years beginning after June 15, 1999. The Company has
not yet quantified the impacts of adopting SFAS No. 133 on its consolidated
financial statements nor has it determined the timing or method of its adoption
of SFAS No. 133. However, SFAS No. 133 could increase volatility in earnings
(loss).
 
                                      F-43