Print Page  Close Window

SEC Filings

10-Q
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 10-Q on 12/22/1999
Entire Document
 
<PAGE>   3


                  CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
                    (DOLLARS IN THOUSANDS, EXCEPT SHARE DATA)


<TABLE>
<CAPTION>
                                                                                   SEPTEMBER 30,     DECEMBER 31,
                                                                                       1999             1998
                                                                                   ------------      ------------
<S>                                                                                <C>               <C>     
ASSETS
CURRENT ASSETS:
     Cash and cash equivalents                                                     $    434,183      $      9,573
     Accounts receivable, net of allowance for doubtful accounts of $4,327 and
         $1,728, respectively                                                            48,470            15,108
     Prepaid expenses and other                                                          27,374             2,519
                                                                                   ------------      ------------
              Total current assets                                                      510,027            27,200
                                                                                   ------------      ------------
INVESTMENT IN CABLE PROPERTIES:
     Property, plant and equipment                                                    2,279,489           716,242
     Franchises                                                                       8,268,021         3,590,054
                                                                                   ------------      ------------
                                                                                     10,547,510         4,306,296
                                                                                   ------------      ------------
OTHER ASSETS                                                                            177,654             2,031
                                                                                   ------------      ------------
                                                                                   $ 11,235,191      $  4,335,527
                                                                                   ============      ============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
     Current maturities of long-term debt and short-term debt                      $    133,312      $     10,450
     Accounts payable                                                                    40,781             7,439
     Accrued expenses                                                                   339,749           120,147
     Payables to manager of cable systems--related party                                 10,071             4,334
                                                                                   ------------      ------------
              Total current liabilities                                                 523,913           142,370
                                                                                   ------------      ------------
LONG-TERM DEBT                                                                        6,244,632         1,991,756
                                                                                   ------------      ------------
DEFERRED MANAGEMENT FEES - RELATED PARTY                                                 17,004            15,561
                                                                                   ------------      ------------
OTHER LONG-TERM LIABILITIES                                                              68,648            38,461
                                                                                   ------------      ------------
MINORITY INTEREST                                                                     4,380,192         2,146,549
                                                                                   ------------      ------------
STOCKHOLDERS' EQUITY:
     Class B common stock; $.001 par value; 750 million shares authorized;
             50,000 shares issued and outstanding                                           ---               ---
     Additional paid-in capital                                                             905               832
     Retained deficit                                                                      (103)               (2)
                                                                                   ------------      ------------
              Total stockholders' equity                                                    802               830
                                                                                   ------------      ------------
                                                                                   $ 11,235,191      $  4,335,527
                                                                                   ============      ============
</TABLE>


  The accompanying notes are an integral part of these consolidated statements.

                                       3