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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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     NOTE D:  In March 1999, we extinguished substantially all of our long-term
debt, excluding borrowings of our previous credit facilities, and refinanced all
previous credit facilities. In addition, we incurred and plan to incur
additional debt in connection with our pending and recently completed
acquisitions. See "Capitalization". The refinancing adjustment to interest
expense consists of the following (dollars in millions):
 

<TABLE>
<CAPTION>
                                                              INTEREST
DESCRIPTION                                                    EXPENSE
-----------                                                   ---------
<S>                                                           <C>
$600 million 8.25% senior notes.............................  $    49.6
$1.5 billion 8.625% senior notes............................      129.4
$1.475 billion ($906 carrying value) 9.92% senior discount
  notes.....................................................       90.0
Credit facilities ($652 at composite current rate of
  7.4%).....................................................       48.2
Amortization of debt issuance costs.........................       16.0
Commitment fee on unused portion of credit facilities ($1.4
  billion at 0.375%)........................................        5.2
                                                              ---------
  Total pro forma interest expense..........................      338.4
  Less -- interest expense (including Marcus Cable).........     (345.4)
                                                              ---------
     Adjustment.............................................  $    (7.0)
                                                              =========
</TABLE>

 
     An increase in the interest rate on all variable rate debt of 0.125% would
result in an increase in interest expense of $12.1 million.
 
     NOTE E:  Represents the allocation of 66% of the net loss of Charter
Communications Holding Company to the minority interest.
 
     NOTE F:  Charter Investment, Inc. provided corporate management and
consulting services to Charter Operating in 1998 and to Marcus Holdings
beginning in October 1998. See "Certain Relationships and Related Transactions".
 
     NOTE G:  Basic loss per share assumes none of the membership units of
Charter Communications Holding Company are exchanged for Charter Communications,
Inc. common stock and none of the outstanding options to purchase membership
units of Charter Communications Holding Company that are automatically exchanged
for Charter Communications, Inc. common stock are exercised. Basic loss per
share equals the loss applicable to common equity holders divided by weighted
average shares outstanding. If all of the membership units were exchanged or
options exercised, the effects would be antidilutive.
 
     NOTE H:  EBITDA represents earnings (loss) before interest, income taxes,
depreciation and amortization. EBITDA is presented because it is a widely
accepted financial indicator of a cable television company's ability to service
indebtedness. However, EBITDA should not be considered as an alternative to
income from operations or to cash flows from operating, investing or financing
activities, as determined in accordance with generally accepted accounting
principles. EBITDA should also not be construed as an indication of a company's
operating performance or as a measure of liquidity. In addition, because EBITDA
is not calculated identically by all companies, the presentation here may not be
comparable to other similarly titled measures of other companies. Management's
discretionary use of funds depicted by EBITDA may be limited by working capital,
debt service and capital expenditure requirements and by restrictions related to
legal requirements, commitments and uncertainties.
 
     NOTE I:  EBITDA margin represents EBITDA as a percentage of revenues.
 
     NOTE J:   Adjusted EBITDA means EBITDA before stock option compensation
expense, corporate expenses, management fees and other income (expense).
Adjusted EBITDA is presented because it is a widely accepted financial indicator
of a cable company's ability to service indebtedness. However, Adjusted EBITDA
should not be considered as an alternative to income from operations or to cash
flows from operating, investing or financing activities, as determined in
accordance with generally accepted accounting principles. Adjusted EBITDA should
also not be construed as an indication of a company's operating performance or
as a measure of liquidity. In addition, because Adjusted EBITDA is not
calculated identically by all companies, the presentation here may not be
comparable to other similarly titled measures of other companies. Management's
discretionary use of funds depicted
 
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