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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
 
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<TABLE>
<CAPTION>
                                                       SIX MONTHS ENDED JUNE 30, 1999
                                  ------------------------------------------------------------------------
                                                            RECENT ACQUISITIONS
                                  ------------------------------------------------------------------------
                                                                        PRO FORMA
                                               -----------------------------------------------------------
                                  HISTORICAL   ACQUISITIONS(C)   DISPOSITIONS(D)   ADJUSTMENTS     TOTAL
                                  ----------   ---------------   ---------------   -----------   ---------
<S>                               <C>          <C>               <C>               <C>           <C>
Revenues........................   $333,404        $ 7,881          $(25,744)       $     --     $ 315,541
                                   --------        -------          --------        --------     ---------
Operating expenses:
 Operating, general and
   administrative...............    188,997          4,147           (12,566)        (20,059)(f)   160,519
 Depreciation and
   amortization.................    142,706          1,075           (10,135)         28,230(g)    161,876
 Equity-based deferred
   compensation.................         --             --                --              --            --
 Corporate expense charges......         --             --                --          20,059(f)     20,059
 Management fees................      6,082            375              (885)             --         5,572
                                   --------        -------          --------        --------     ---------
 Total operating expenses.......    337,785          5,597           (23,586)         28,230       348,026
                                   --------        -------          --------        --------     ---------
Income (loss) from operations...     (4,381)         2,284            (2,158)        (28,230)      (32,485)
Interest expense................    (63,126)        (1,361)                4         (50,105)(i)  (114,588)
Interest income.................        422             34                --              --           456
Other income (expense)..........       (903)             5                (5)             (2)(j)      (905)
                                   --------        -------          --------        --------     ---------
Income (loss) before income tax
 expense (benefit)..............    (67,988)           962            (2,159)        (78,337)     (147,522)
Income tax (benefit) expense....        546           (114)               --            (432)(k)        --
                                   --------        -------          --------        --------     ---------
Income (loss) before
 extraordinary item.............   $(68,534)       $ 1,076          $ (2,159)       $(77,905)    $(147,522)
                                   ========        =======          ========        ========     =========
 
<CAPTION>
                                                       SIX MONTHS ENDED JUNE 30, 1999
                                  -------------------------------------------------------------------------
                                                            PENDING ACQUISITIONS
                                  -------------------------------------------------------------------------
                                                                        PRO FORMA
                                               ------------------------------------------------------------
                                  HISTORICAL   ACQUISITIONS(C)   DISPOSITIONS(E)   ADJUSTMENTS      TOTAL
                                  ----------   ---------------   ---------------   -----------    ---------
<S>                               <C>          <C>               <C>               <C>            <C>
Revenues........................  $ 500,196        $29,378           $(7,240)       $      --     $ 522,334
                                  ---------        -------           -------        ---------     ---------
Operating expenses:
 Operating, general and
   administrative...............    271,013         16,317            (3,565)         (16,595)(f)   267,170
 Depreciation and
   amortization.................    190,482          6,444            (3,524)         168,550(g)    361,952
 Equity-based deferred
   compensation.................     44,600             --                --          (44,600)(h)        --
 Corporate expense charges......         --             --                --           16,595(f)     16,595
 Management fees................      2,644            757              (233)              --         3,168
                                  ---------        -------           -------        ---------     ---------
 Total operating expenses.......    508,739         23,518            (7,322)         123,950       648,885
                                  ---------        -------           -------        ---------     ---------
Income (loss) from operations...     (8,543)         5,860                82         (123,950)     (126,551)
Interest expense................   (120,705)          (567)               27         (134,437)(i)  (255,682)
Interest income.................        714             74                --               --           788
Other income (expense)..........      9,452         48,844            (2,555)         (55,756)(j)       (15)
                                  ---------        -------           -------        ---------     ---------
Income (loss) before income tax
 expense (benefit)..............   (119,082)        54,211            (2,446)        (314,143)     (381,460)
Income tax (benefit) expense....     (3,703)            97                --            3,606(k)         --
                                  ---------        -------           -------        ---------     ---------
Income (loss) before
 extraordinary item.............  $(115,379)       $54,114           $(2,446)       $(317,749)    $(381,460)
                                  =========        =======           =======        =========     =========
</TABLE>

 
---------------
 
(a) Renaissance represents the results of operations of Renaissance through
    April 30, 1999, the date of acquisition by Charter Communications Holding
    Company. American Cable represents the results of operations of American
    Cable through May 7, 1999, the date of acquisition by Charter Communications
    Holding Company. Rifkin includes the results of operations for the six
    months ended June 30, 1999 of Rifkin Acquisition Partners, L.L.L.P., Rifkin
    Cable Income Partners L.P., Indiana Cable Associates, Ltd. and R/N South
    Florida Cable Management Limited Partnership, all under common ownership as
    follows (dollars in thousands):
 

<TABLE>
<CAPTION>
                                       RIFKIN         RIFKIN      INDIANA    SOUTH
                                     ACQUISITION   CABLE INCOME    CABLE    FLORIDA     OTHER     TOTAL
                                     -----------   ------------   -------   --------   -------   --------
<S>                                  <C>           <C>            <C>       <C>        <C>       <C>
Revenues...........................   $ 48,584        $2,708      $ 4,251   $ 12,274   $37,775   $105,592
Income (loss) from operations......     (2,602)          166         (668)    (9,214)    1,972    (10,346)
Income (loss) before extraordinary
  item.............................    (13,197)           69       (1,072)   (10,449)   (8,710)   (33,359)
</TABLE>

 
   
(b) Fanch includes the results of operations for the six months ended June 30,
    1999, of Fanch cable systems as follows (dollars in thousands):
    
 
   

<TABLE>
<CAPTION>
                                                              FANCH CABLE
                                                                SYSTEMS      OTHER      TOTAL
                                                              -----------    ------    -------
<S>                                                           <C>            <C>       <C>
Revenues....................................................    $90,357      $8,574    $98,931
Income from operations......................................     17,825       1,401     19,226
Income before extraordinary item............................     17,929         608     18,537
</TABLE>

    
 
(c) Represents the historical results of operations for the period from January
    1, 1999 through the date of purchase for acquisitions completed by Rifkin,
    Fanch and Bresnan.
 
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