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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>   62
 
(e) As a result of the acquisition of Marcus Holdings by Mr. Allen, Marcus
    Holdings recorded transaction costs of approximately $135.4 million. These
    costs were primarily comprised of approximately $90.2 million in
    compensation paid to employees of Marcus Holdings in settlement of specially
    designated Class B membership units approximately $24.0 million of
    transaction fees paid to certain equity partners for investment banking
    services and $5.2 million of transaction fees paid primarily for
    professional fees. In addition, Marcus Holdings recorded costs related to
    employee and officer stay-bonus and severance arrangements of approximately
    $16.0 million.
 
     NOTE C:  Pro forma operating results for our recently completed and pending
acquisitions consist of the following (dollars in thousands):
 

<TABLE>
<CAPTION>
                                                                    RECENT ACQUISITIONS -- HISTORICAL
                                        -----------------------------------------------------------------------------------------
                                                                      YEAR ENDED DECEMBER 31, 1998
                                        -----------------------------------------------------------------------------------------
                                                                 GREATER
                                                      AMERICAN    MEDIA                           INTERMEDIA              TOTAL
                                        RENAISSANCE    CABLE     SYSTEMS   HELICON    RIFKIN(a)    SYSTEMS      OTHER     RECENT
                                        -----------   --------   -------   --------   ---------   ----------   -------   --------
<S>                                     <C>           <C>        <C>       <C>        <C>         <C>          <C>       <C>
Revenues..............................   $ 41,524     $15,685    $78,635   $ 75,577   $124,382     $176,062    $15,812   $527,677
                                         --------     -------    -------   --------   --------     --------    -------   --------
Operating expenses:
  Operating, general and
    administrative....................     21,037       7,441     48,852     40,179     63,815       86,753      7,821    275,898
  Depreciation and amortization.......     19,107       6,784      8,612     24,290     47,657       85,982      4,732    197,164
  Corporate expense charges...........         --          --         --         --         --           --         --         --
  Management fees.....................         --         471         --      3,496      4,106        3,147         --     11,220
                                         --------     -------    -------   --------   --------     --------    -------   --------
    Total operating expenses..........     40,144      14,696     57,464     67,965    115,578      175,882     12,553    484,282
                                         --------     -------    -------   --------   --------     --------    -------   --------
Income from operations................      1,380         989     21,171      7,612      8,804          180      3,259     43,395
Interest expense......................    (14,358)     (4,501)      (535)   (27,634)   (30,482)     (25,449)    (4,023)  (106,982)
Interest income.......................        158         122         --         93         --          341         --        714
Other income (expense)................         --          --       (493)        --     36,279       23,030          5     58,821
                                         --------     -------    -------   --------   --------     --------    -------   --------
Income (loss) before income tax
  expense.............................    (12,820)     (3,390)    20,143    (19,929)    14,601       (1,898)      (759)    (4,052)
Income tax expense....................        135          --      7,956         --     (4,178)       1,623                 5,536
                                         --------     -------    -------   --------   --------     --------    -------   --------
Income (loss) before extraordinary
  item................................   $(12,955)    $(3,390)   $12,187   $(19,929)  $ 18,779     $ (3,521)   $  (759)  $ (9,588)
                                         ========     =======    =======   ========   ========     ========    =======   ========
</TABLE>

 

<TABLE>
<CAPTION>
                                                                           YEAR ENDED DECEMBER 31, 1998
                                                              ------------------------------------------------------
                                                                        PENDING ACQUISITIONS -- HISTORICAL
                                                              ------------------------------------------------------
                                                                                                             TOTAL
                                                               AVALON     FALCON     FANCH(b)   BRESNAN     PENDING
                                                              --------   ---------   --------   --------   ---------
<S>                                                           <C>        <C>         <C>        <C>        <C>
Revenues....................................................  $ 18,187   $ 307,558   $141,104   $261,964   $ 728,813
                                                              --------   ---------   --------   --------   ---------
Operating expenses:.........................................
  Operating, general and administrative.....................    10,067     161,233     62,977    150,750     385,027
  Depreciation and amortization.............................     8,183     152,585     45,886     54,308     260,962
  Corporate expense charges.................................       655          --        105         --         760
  Management fees...........................................        --          --      3,998         --       3,998
                                                              --------   ---------   --------   --------   ---------
        Total operating expenses............................    18,905     313,818    112,966    205,058     650,747
                                                              --------   ---------   --------   --------   ---------
Income (loss) from operations...............................      (718)     (6,260)    28,138     56,906      78,066
Interest expense............................................    (8,223)   (102,591)    (1,873)   (18,296)   (130,983)
Interest income.............................................       173          --         17         --         190
Other income (expense)......................................      (463)     (3,093)    (6,628)    26,754      16,570
                                                              --------   ---------   --------   --------   ---------
Income (loss) before income tax expense (benefit)...........    (9,231)   (111,944)    19,654     65,364     (36,157)
Income tax expense (benefit)................................       186       1,897        286         --       2,369
                                                              --------   ---------   --------   --------   ---------
Income (loss) before extraordinary item.....................  $ (9,417)  $(113,841)  $ 19,368   $ 65,364   $ (38,526)
                                                              ========   =========   ========   ========   =========
</TABLE>

 
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