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SEC Filings

10-Q
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form 10-Q on 11/15/1999
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RESULTS OF OPERATIONS

         The following discusses the results of operations for:

         (1)      Charter Holdings, comprised of Charter Communications
                  Properties Holdings, for the nine months ended September 30,
                  1998, and

         (2)      Charter Holdings comprised of the following for the nine 
                  months ended September 30, 1999:

                  - Charter Communications Properties Holdings, CCA Group and
                    CharterComm Holdings for the entire period. 

                  - Marcus Holdings for the period from March 31, 1999 (the date
                    Mr. Allen acquired voting control) through September 
                    30, 1999.

                  - Renaissance Media Group LLC for the period from May 1, 1999
                    (the acquisition date) through September 30, 1999.

                  - American Cable Entertainment, LLC for the period from May 8,
                    1999 (the acquisition date) through September 30, 1999.

                  - Cable television systems of Greater Media Cablevision, Inc.
                    for the period from July 1, 1999 (the acquisition date)
                    through September 30, 1999.

                  - Helicon Partners I, L.P. and affiliates for the period from
                    July 31, 1999 (the acquisition date) through September 30,
                    1999.

                  - Vista Broadband Communications, L.L.C. for the period from
                    July 31, 1999 (the acquisition date) through September 30,
                    1999.

                  - Cable television system of Cable Satellite of South Miami,
                    Inc. for the period from July 31, 1999 (the acquisition
                    date) through September 30, 1999.

                  - No operating results are included for the InterMedia systems
                    as they were acquired on October 1, 1999.

         The following table sets forth the percentages of revenues that items
in the unaudited statements of operations constitute for the indicated periods.


<TABLE>
<CAPTION>
                                                                   THREE MONTHS ENDED SEPTEMBER 30
                                                 ------------------------------------------------------------------
                                                               1999                               1998             
                                                 ----------------------------        ------------------------------
                                                                       (DOLLARS IN THOUSANDS)
                                                            SUCCESSOR                         PREDECESSOR
                                                            ---------                         -----------
<S>                                              <C>                  <C>            <C>                   <C>   
STATEMENTS OF OPERATIONS
Revenues ...................................       $    376,189         100.0%       $       17,403           100.0%
                                                   ------------       -------        --------------        --------
Operating expenses:
     Operating, general and
         administrative......................           194,716          51.8                 9,121            52.4
     Depreciation and amortization...........           191,439          50.9                 5,925            34.0
     Stock option compensation
         expense.............................            21,094           5.6                    --            --
     Management fees/corporate
         expense charges.....................             7,236           1.9                   871             5.0
                                                 --------------     ---------        --------------     -----------
     Total operating expenses................           414,485         110.2                15,917            91.4
                                                 --------------     ---------        --------------     -----------
Income (loss) from operations................           (38,296)        (10.2)                1,486             8.6
Interest income..............................             8,241           2.2                     9             0.1
Interest expense.............................          (131,081)        (34.8)               (6,212)          (19.0)
Other income  ...............................            (3,017)         (0.8)                    3            --  
                                                 --------------     ---------        --------------     -----------
         Net loss............................    $     (164,153)        (43.6)%             $(4,714)          (10.3)%
                                                 ==============     =========        ==============     =========== 
</TABLE>



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