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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>   578
 
            AVALON CABLE OF MICHIGAN HOLDINGS, INC. AND SUBSIDIARIES
 
                     CONSOLIDATED STATEMENTS OF OPERATIONS
 

<TABLE>
<CAPTION>
                                                                                 FOR THE PERIOD
                                                            FOR THE YEAR        SEPTEMBER 4, 1997
                                                                ENDED          (INCEPTION) THROUGH
                                                          DECEMBER 31, 1998     DECEMBER 31, 1997
                                                          -----------------    -------------------
                                                                   (DOLLARS IN THOUSANDS)
<S>                                                       <C>                  <C>
REVENUE:
Basic services..........................................       $14,976               $    --
Premium services........................................         1,468                    --
Other...................................................         1,743                    --
                                                               -------               -------
                                                                18,187                    --
OPERATING EXPENSES:
Selling, general and administrative.....................         4,207                    --
Programming.............................................         4,564                    --
Technical and operations................................         1,951                    --
Depreciation and amortization...........................         8,183                    --
                                                               -------               -------
Loss from operations....................................          (718)                   --
Interest income.........................................           173                     4
Interest expense........................................        (8,223)                   --
Other expense, net......................................           (65)                   --
                                                               -------               -------
Income (loss) before income taxes.......................        (8,833)                    4
(Benefit) from income taxes.............................        (2,754)                   --
                                                               -------               -------
Income (loss) before minority interest and extraordinary
  item..................................................        (6,079)                    4
Minority interest in income of consolidated entity......         1,331                    (4)
                                                               -------               -------
Income (loss) before extraordinary item.................        (4,748)                   --
Extraordinary loss on extinguishment of debt (net of tax
  of $1,743)............................................        (4,170)                   --
                                                               -------               -------
Net income (loss).......................................       $(8,918)              $    --
                                                               =======               =======
</TABLE>

 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
                                      F-331