Print Page  Close Window

SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
Entire Document
 
<PAGE>   644
 
THE COMBINED OPERATIONS OF PEGASUS CABLE TELEVISION OF CONNECTICUT, INC. AND THE
           MASSACHUSETTS OPERATIONS OF PEGASUS CABLE TELEVISION, INC.
 
                       COMBINED STATEMENTS OF OPERATIONS
 

<TABLE>
<CAPTION>
                                           YEARS ENDED DECEMBER 31,              SIX MONTHS
                                   -----------------------------------------        ENDED
                                      1995           1996           1997        JUNE 30, 1998
                                   -----------    -----------    -----------    -------------
<S>                                <C>            <C>            <C>            <C>
REVENUES:
Basic and satellite service......  $ 4,371,736    $ 4,965,377    $ 5,353,735     $2,841,711
Premium services.................      619,035        640,641        686,513        348,628
Other............................      144,300        169,125        150,714         86,659
                                   -----------    -----------    -----------     ----------
Total revenues...................    5,135,071      5,775,143      6,190,962      3,276,998
OPERATING EXPENSES:
Programming......................    1,119,540      1,392,247      1,612,458        876,588
General and administrative.......      701,420        811,795        829,977        391,278
Technical and operations.........      713,239        702,375        633,384        341,249
Marketing and selling............       20,825         15,345         19,532         12,041
Incentive compensation...........       48,794        101,945         94,600         70,900
Management fees..................      368,085        348,912        242,267         97,714
Depreciation and amortization....    1,658,455      1,669,107      1,565,068        834,913
                                   -----------    -----------    -----------     ----------
Income from operations...........      504,713        733,417      1,193,676        652,315
Interest expense.................   (1,745,635)    (1,888,976)    (1,884,039)      (937,662)
Interest income..................          956          2,067         93,060             29
Other income (expense), net......          794         (2,645)       (27,800)       (17,228)
                                   -----------    -----------    -----------     ----------
Loss before state income taxes...   (1,239,172)    (1,156,137)      (625,103)      (302,546)
Provision for state income
  taxes..........................       20,000         25,000         16,000          5,000
                                   -----------    -----------    -----------     ----------
Net loss.........................  $(1,259,172)   $(1,181,137)   $  (641,103)    $ (307,546)
                                   ===========    ===========    ===========     ==========
</TABLE>

 
            See accompanying notes to combined financial statements
                                      F-397