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S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/01/1999
Entire Document
 
<PAGE>   531
 
                     RIFKIN ACQUISITION PARTNERS, L.L.L.P.
 
                           CONSOLIDATED BALANCE SHEET
 

<TABLE>
<CAPTION>
                                                             JUNE 30,      DECEMBER 31,
                                                               1999            1998
                                                           ------------    ------------
                                                                   (UNAUDITED)
<S>                                                        <C>             <C>
ASSETS
Cash.....................................................  $  2,694,050    $  2,324,892
Subscriber accounts receivable, net of allowance for
  doubtful accounts of $283,021 in 1999 and $444,839 in
  1998...................................................     2,044,860       1,932,140
Other receivables........................................     3,813,453       5,637,771
Prepaid expenses and other...............................     1,290,900       2,398,528
Property, plant and equipment at cost:
  Cable television transmission and distribution systems
     and related equipment...............................   164,389,372     149,376,914
  Land, building, vehicles and furniture and fixtures....     8,431,453       7,421,960
                                                           ------------    ------------
                                                            172,820,825     156,798,874
Less accumulated depreciation............................   (42,862,043)    (35,226,773)
                                                           ------------    ------------
  Net property, plant and equipment......................   129,958,782     121,572,101
Franchise costs and other intangible assets, net of
  accumulated amortization of $78,661,872 in 1999 and
  $67,857,545 in 1998....................................   170,219,573     183,438,197
                                                           ------------    ------------
     Total assets........................................  $310,021,618    $317,303,629
                                                           ============    ============
LIABILITIES AND PARTNERS' CAPITAL
Accounts payable and accrued liabilities.................  $ 18,385,567    $ 11,684,594
Subscriber deposits and prepayments......................     1,203,363       1,676,900
Interest payable.........................................     7,169,321       7,242,954
Deferred taxes payable...................................     6,703,000       7,942,000
Notes payable............................................   225,575,000     224,575,000
                                                           ------------    ------------
     Total liabilities...................................   259,036,251     253,121,448
Commitments:
Redeemable partners' interests...........................    16,732,480      10,180,400
Partners' capital (deficit):
  General partner........................................    (2,941,996)     (1,991,018)
  Limited partners.......................................    36,851,306      55,570,041
  Preferred equity interest..............................       343,577         422,758
                                                           ------------    ------------
     Total partners' capital.............................    34,252,887      54,001,781
                                                           ------------    ------------
     Total liabilities and partners' capital.............  $310,021,618    $317,303,629
                                                           ============    ============
</TABLE>

 
See accompanying notes to financial statements.
 
                                      F-284