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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
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<PAGE>   512
 
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             UNAUDITED CONDENSED COMBINED STATEMENTS OF CASH FLOWS
                 SIX-MONTH PERIODS ENDED JUNE 30, 1998 AND 1999
 

<TABLE>
<CAPTION>
                                                                 1998           1999
                                                              -----------   ------------
<S>                                                           <C>           <C>
Cash flows from operating activities:
  Net loss..................................................  $(9,278,215)  $(15,428,984)
                                                              -----------   ------------
  Adjustments to reconcile net loss to net cash provided by
     operating activities:
     Depreciation and amortization..........................   11,772,187     13,583,647
     Amortization of debt discount and deferred financing
       costs................................................      460,010        483,210
     Gain on sale of equipment..............................       (1,498)       (10,603)
     Interest on 12% subordinated notes paid through the
       issuance of additional notes.........................    2,408,370      2,706,044
     Change in operating assets and liabilities:
       Increase in receivables from subscribers.............     (162,393)      (200,619)
       (Increase) decrease in prepaid expenses and other
          assets............................................     (645,035)     1,300,771
       Increase in financing costs incurred.................           --             --
       (Decrease) increase in accounts payable and accrued
          expenses..........................................   (2,396,567)       104,941
       Decrease in subscriptions received in advance........     (144,134)      (242,975)
       Increase in accrued interest.........................      141,755        180,036
                                                              -----------   ------------
          Total adjustments.................................   11,432,695     17,904,452
                                                              -----------   ------------
          Net cash provided by operating activities.........    2,154,480      2,475,468
                                                              -----------   ------------
Cash flows from investing activities:
  Purchases of property, plant and equipment................   (4,575,109)    (6,127,185)
  Proceeds from sale of equipment...........................       91,128         20,355
  Cash paid for net assets of cable television systems
     acquired...............................................           --     (6,217,143)
  Increase in intangible assets.............................      (69,325)      (238,202)
                                                              -----------   ------------
          Net cash used in investing activities.............   (4,553,306)   (12,562,175)
                                                              -----------   ------------
Cash flows from financing activities:
  Proceeds from bank loans..................................    3,000,000     13,000,000
  Repayment of bank loans...................................       (4,834)        (5,351)
  Repayment of other notes payable..........................     (574,499)      (651,346)
  Advances to affiliates....................................   (3,356,074)    (5,535,838)
  Repayments of advances to affiliates......................    3,309,008      5,282,910
  Payment of financing costs................................           --       (240,000)
                                                              -----------   ------------
          Net cash provided by financing activities.........    2,373,601     11,850,375
                                                              -----------   ------------
          Net (decrease) increase in cash and cash
             equivalents....................................      (25,225)     1,763,668
Cash and cash equivalents at beginning of period............    4,372,281      5,130,561
                                                              -----------   ------------
Cash and cash equivalents at end of period..................  $ 4,347,056   $  6,894,229
                                                              ===========   ============
Supplemental cash flow information:
  Interest paid.............................................  $10,798,139   $ 12,461,977
                                                              ===========   ============
  Other non-cash items:
     Acquisition of property, plant and equipment through
       issuance of other notes payable......................  $   501,502   $    389,223
                                                              ===========   ============
</TABLE>

 
See accompanying notes to unaudited condensed combined financial statements.
 
                                      F-265