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SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 12/22/1999
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                                                                          Nine Months Ended September 30
                                                            -----------------------------------------------------------
                                                                       1999                            1998
                                                            ---------------------------     ---------------------------
                                                                          (dollars in thousands, except
                                                                                 per share data)

                                                                                               Charter Communications
                                                        Charter Communications, Inc.          Properties Holdings, LLC
                                                               and Subsidiaries                   and Subsidiaries
                                                        ----------------------------          ------------------------
<S>                                                             <C>                 <C>    <C>                   <C>   
STATEMENT OF OPERATIONS
Revenues                                                 $       845,182             100.0% $     32,532          100.0%
                                                         ---------------    --------------  ------------       --------
Operating expenses:
    Operating, general and administrative                        436,057              51.6        17,498           53.8
    Depreciation and amortization                                441,391              52.2        11,236           34.5
    Stock option compensation expense                             59,288               7.0           ---            ---
    Management fees/corporate expense charges                     18,309               2.2         1,499            4.6
                                                          --------------    --------------  ------------       --------
    Total operating expenses                                     955,045             113.0        30,233           92.9
                                                          --------------    --------------  ------------       --------
Income (loss) from operations                                   (109,863)            (13.0)        2,299            7.1
Interest income                                                   18,326               2.2            23            0.1
Interest expense                                                (288,750)            (34.2)      (11,831)         (36.4)
Other income (expense)                                              (177)              ---             6            ---
                                                          --------------    --------------  ------------       --------
    Loss before extraordinary item                              (380,464)            (45.0)       (9,503)         (29.2)
Extraordinary item-loss from early extinguishment of
debt                                                               7,794               0.9           ---            ---
    Loss before minority interest in loss of              --------------    --------------  ------------       --------
    subsidiary                                                  (388,258)            (45.9)       (9,503)         (29.2)
Minority interest in loss of subsidiary                          388,161              45.9           ---            ---
                                                          --------------    --------------  ------------       --------
    Net loss                                              $          (97)              0.0% $     (9,503)         (29.2)%
                                                          ==============    ==============  ============       ========
     Loss per share                                       $        (1.94)
                                                          ==============
                                                                                                                              
                                                  

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PERIOD FROM JANUARY 1, 1999 THROUGH SEPTEMBER 30, 1999
COMPARED TO PERIOD FROM JANUARY 1, 1998 THROUGH SEPTEMBER 30, 1998

REVENUES. Revenues increased by $812.7 million, from $32.5 million for the first
nine months of 1998 to $845.2 million for the first nine months of 1999. The
increase in revenues primarily resulted from the acquisitions of CCA Group and
CharterComm Holdings, Sonic, Marcus Holdings and other recent acquisitions.
Additional revenues from these entities included for the period ended September
30, 1999 were $439.3 million, $26.2 million, $261.2 million and $90.7 million,
respectively.

OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES. Operating, general and
administrative expenses increased by $418.6 million, from $17.5 million for the
period from January 1, 1998 through September 30, 1998 to $436.1 million for the
period from January 1, 1999 through September 30, 1999. This increase was due
primarily to the acquisitions of the CCA Group and CharterComm Holdings, Sonic,
Marcus Holdings and other recent acquisitions. Additional operating, general and
administrative expenses from these entities included for the period ended
September 30, 1999 were $221.1 million, $13.7 million, $140.4 million and $46.8
million, respectively.

DEPRECIATION AND AMORTIZATION. Depreciation and amortization expense increased
by $430.2 million, from $11.2 million for the period from January 1, 1998
through September 30, 1998 to $441.4 million for the period from January 1, 1999


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