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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
Entire Document
 
<PAGE>   64
 
     These acquisitions were accounted for using the purchase method of
     accounting. Purchase prices and the closing dates or anticipated closing
     dates for significant acquisitions are as follows (dollars in millions):

<TABLE>
<CAPTION>
                                             RENAISSANCE     INTERMEDIA        HELICON         RIFKIN          AVALON
                                            -------------   -------------   -------------   -------------   -------------
   <S>                                      <C>             <C>             <C>             <C>             <C>
   Purchase price.........................  $309.5          $29.1           $26.1           $165.0          $30.5
   Closing date...........................  April 1998      December 1998   December 1998   February 1999   July 1998
   Purchase price.........................                                                  $53.8           $431.6
   Closing date...........................                                                  July 1999       November 1998
   Purchase price.........................
   Closing date...........................
   Purchase price.........................
   Closing date...........................
 
<CAPTION>
                                                FALCON           FANCH           BRESNAN
                                            --------------   --------------   -------------
   <S>                                      <C>              <C>              <C>
   Purchase price.........................  $86.2            $42.2            $17.0
   Closing date...........................  July 1998        February 1999    February 1998
   Purchase price.........................  $158.6           $248.0           $11.8
   Closing date...........................  September 1998   February 1999    October 1998
   Purchase price.........................  $513.3           $70.5            $40.0
   Closing date...........................  September 1998   March 1999       January 1999
   Purchase price.........................                   $50.0            $27.0
   Closing date...........................                   June 1999        March 1999
</TABLE>

 
    The InterMedia acquisition above was part of a "swap".
 
(d) Represents the elimination of the operating results primarily related to the
    cable systems transferred to InterMedia as part of a swap of cable systems
    in October 1999. The fair value of the systems transferred to InterMedia was
    $331.8 million. No material gain or loss is anticipated on the disposition
    as these systems were recently acquired and recorded at fair value at that
    time.
 
(e) Represents the elimination of the operating results related to the Indiana
    cable system that we are required to transfer to InterMedia as part of a
    swap and to the sale of several smaller cable systems. A definitive written
    agreement exists for the disposition of the Indiana system. The fair value
    of the system is $88.2 million. No material gain or loss is anticipated on
    the disposition as this system was recently acquired and recorded at fair
    value at that time.
 
(f) Reflects a reclassification of expenses representing corporate expenses that
    would have occurred at Charter Investment, Inc.
 
(g) Represents additional amortization of franchises as a result of our recently
    completed and pending acquisitions. A large portion of the purchase price
    was allocated to franchises ($12.4 billion) that are amortized over 15
    years. The adjustments to depreciation and amortization expense consists of
    the following (dollars in millions):
 

<TABLE>
<CAPTION>
                                                    FAIR      WEIGHTED AVERAGE   DEPRECIATION/
                                                    VALUE       USEFUL LIFE      AMORTIZATION
                                                  ---------   ----------------   -------------
<S>                                               <C>         <C>                <C>
Franchises......................................  $12,356.5          15            $  823.8
Cable distribution systems......................    1,729.1           8               223.7
Land, building and improvements.................       53.9          10                 5.2
Vehicles and equipment..........................       89.1           3                26.9
                                                                                   --------
  Total depreciation and amortization...........                                    1,079.6
  Less-historical depreciation and
     amortization...............................                                     (538.7)
                                                                                   --------
     Adjustment.................................                                   $  540.9
                                                                                   ========
</TABLE>

 
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