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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>   667
                          FALCON COMMUNICATIONS, L.P.
                   (SUCCESSOR TO FALCON HOLDING GROUP, L.P.)
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 

<TABLE>
<CAPTION>
                                            NOTIONAL                   NOTIONAL
                                             AMOUNT     FAIR VALUE      AMOUNT      FAIR VALUE
                                            --------    ----------    ----------    ----------
<S>                                         <C>         <C>           <C>           <C>
Interest Rate Hedging Agreements (Note 6):
Interest rate swaps.......................  $585,000     $   (371)    $1,534,713     $(22,013)
Interest rate caps........................    25,000         (148)            --           --
</TABLE>

 
     The carrying value of interest rate swaps and caps was an asset of $402,000
at December 31, 1997 and a net obligation of $20.3 million at December 31, 1998.
See Note 6(g). The amount of debt on which current interest expense has been
affected is $520 million and $960 million for swaps at December 31, 1997 and
1998 and $25 million for caps at December 31, 1997. The balance of the contract
totals presented above reflects contracts entered into as of December 31 which
do not become effective until existing contracts expire.
 
NOTE 5 -- PROPERTY, PLANT AND EQUIPMENT
 
     Property, plant and equipment consist of:
 

<TABLE>
<CAPTION>
                                                          DECEMBER 31,
                                                     ----------------------
                                                       1997         1998
                                                     ---------    ---------
                                                     (DOLLARS IN THOUSANDS)
<S>                                                  <C>          <C>
Cable television systems...........................  $ 555,253    $ 765,641
Furniture and equipment............................     19,067       25,576
Vehicles...........................................     12,067       18,381
Land, buildings and improvements...................     10,723       16,505
                                                     ---------    ---------
                                                       597,110      826,103
Less accumulated depreciation and amortization.....   (272,551)    (320,209)
                                                     ---------    ---------
                                                     $ 324,559    $ 505,894
                                                     =========    =========
</TABLE>

 
NOTE 6 -- NOTES PAYABLE
 
     Notes payable consist of:
 

<TABLE>
<CAPTION>
                                                          DECEMBER 31,
                                                     ----------------------
                                                       1997         1998
                                                     --------    ----------
                                                     (DOLLARS IN THOUSANDS)
<S>                                                  <C>         <C>
FCLP (formerly FHGLP) Only:
  11% Senior Subordinated Notes(a).................  $282,193    $       --
  8.375% Senior Debentures(b)......................        --       375,000
  9.285% Senior Discount Debentures, less
     unamortized discount(b).......................        --       294,982
  Capitalized lease obligations....................        10             1
Owned Subsidiaries:
  Amended and Restated Credit Agreement(c).........   606,000            --
  New Credit Facility(d)...........................        --       926,000
  Other subordinated notes(e)......................    15,000        15,000
  Other(f).........................................     8,018           370
                                                     --------    ----------
                                                     $911,221    $1,611,353
                                                     ========    ==========
</TABLE>

 
                                      F-420