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S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
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<PAGE>   552
 
                       AVALON CABLE LLC AND SUBSIDIARIES
 
                      CONSOLIDATED STATEMENT OF CASH FLOWS
 

<TABLE>
<CAPTION>
                                                                                 FOR THE PERIOD
                                                            FOR THE YEAR       SEPTEMBER 31, 1997
                                                                ENDED             (INCEPTION)
                                                          DECEMBER 31, 1998    DECEMBER 31, 1997
                                                          -----------------    ------------------
                                                                  (DOLLARS IN THOUSANDS)
<S>                                                       <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss).......................................      $ (15,382)              $ 4
Adjustments to reconcile net income to net cash provided
  by operating activities
Depreciation and amortization...........................          8,183                --
Deferred income taxes, net..............................          1,010                --
Extraordinary loss on extinguishment of debt............          5,965                --
Provision for loss on accounts receivable...............             75                --
Minority interest in consolidated entity................            398                --
Accretion of senior discount notes......................          1,083                --
Changes in operating assets and liabilities Increase in
  subscriber receivables................................         (1,679)
Increase in accounts receivable-affiliates..............           (124)               --
Increase in prepaid expenses and other current assets...            (76)               (4)
Increase in accounts payable and accrued expenses.......          4,863                --
Increase in accounts payable-affiliates.................          1,523                --
Increase in advance billings and customer deposits......          1,684                --
Change in Other, net....................................           (227)               --
                                                              ---------               ---
Net cash provided by operating activities...............          7,296                --
                                                              ---------               ---
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures....................................        (11,468)               --
Acquisitions, net of cash acquired......................       (554,402)               --
                                                              ---------               ---
Net cash used in investing activities...................       (565,870)               --
                                                              ---------               ---
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of credit facility...............        265,888                --
Principal payment on credit facility....................       (125,013)               --
Proceeds from issuance of senior subordinated debt......        150,000                --
Proceeds from issuance of note payable-affiliate........          3,341                --
Proceeds from issuance of senior discount notes.........        110,411                --
Proceeds from other notes payable.......................            600                --
Payments for debt issuance costs........................         (3,995)               --
Contribution by members.................................        166,630                --
                                                              ---------               ---
Net cash provided by financing activities...............        567,862                --
Increase in cash........................................          9,288                --
Cash, beginning of period...............................             --                --
                                                              ---------               ---
Cash, end of period.....................................      $   9,288               $--
                                                              =========               ===
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest................      $   3,480               $--
                                                              =========               ===
</TABLE>

 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
                                      F-305