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SEC Filings

10-Q
RENAISSANCE MEDIA GROUP LLC filed this Form 10-Q on 08/16/1999
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                  RENAISSANCE MEDIA GROUP LLC AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (DOLLARS IN THOUSANDS)
                                   (UNAUDITED)


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                                                                         SUCCESSOR      |              PREDECESSOR
                                                                    ------------------- |  --------------------------------------
                                                                     TWO MONTHS ENDED   |  FOUR MONTHS ENDED    SIX MONTHS ENDED
                                                                        JUNE 30, 1999   |    APRIL 30, 1999     JUNE 30, 1998   
                                                                    ------------------- |  -------------------  -----------------
                                                                                        |
<S>                                                                     <C>             |    <C>                <C>
OPERATING ACTIVITIES:                                                                   |
   Net loss                                                              $  (2,205)     |     $  (4,032)         $  (3,598)
   Adjustments to reconcile net loss to net cash provided by (used                      |
    in) operating  activities:                                                          |
     Depreciation and amortization                                           5,793      |         8,912              5,457
     Accretion on senior discount notes and non-cash interest                           |
     expense                                                                 1,754      |         3,850              2,300
   Changes in operating assets and liabilities, net of effects from                     |
   acquisitions:                                                                        |
     Accounts receivable, net                                              (10,015)     |           298             (1,422)
     Prepaid expenses and other assets                                         232      |           (75)              (360)
     Accounts payable and accrued expenses                                     363      |        (5,046)            10,053
     Payables to manager of cable television systems - related                          |
     party                                                                     129      |            --                 --
     Advances from affiliates                                                   --      |          (135)               104
                                                                         ---------      |     ---------          ---------
        Net cash provided by (used in) by operating activities              (3,949)     |         3,772             12,534
                                                                         ---------      |     ---------          ---------
                                                                                        |
INVESTING ACTIVITIES:                                                                   |
   Acquisitions of cable systems                                                --      |        (2,770)          (309,500)
   Escrow deposit                                                               --      |           150                 --
   Capital expenditures                                                       (659)     |        (4,250)              (691)
   Cable television franchises                                                  --      |            --             (1,235)
   Other intangible assets                                                      --      |            16               (490)
                                                                         ---------      |     ---------          ---------
        Net cash used in investing activities                                 (659)     |        (6,854)          (311,916)
                                                                         ---------      |     ---------          ---------
                                                                                        |
FINANCING ACTIVITIES:                                                                   |
   Debt acquisition costs                                                       --      |            --             (8,343)
   Repayments on bank debt                                                      --      |            --             (7,500)
   Proceeds from bank debt                                                      --      |            --            110,000
   Net proceeds from issuance of 10% senior discount notes                      --      |            --            100,012
   Capital contributions                                                        --      |            --            108,500
                                                                         ---------      |     ---------          ---------
        Net cash provided by financing activities                               --      |            --            302,669
                                                                         ---------      |     ---------          ---------
                                                                                        |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                        (4,608)     |        (3,082)             3,287
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                             5,400      |         8,482                 --
                                                                         ---------      |     ---------          ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD                               $     792      |     $   5,400          $   3,287
                                                                         =========      |     =========          =========
                                                                                        |
CASH PAID FOR INTEREST                                                   $   2,515      |     $   4,210          $     312
                                                                         =========      |     =========          =========


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      SEE ACCOMPANYING NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



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