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10-K405
RENAISSANCE MEDIA GROUP LLC filed this Form 10-K405 on 03/31/1999
Entire Document
 
<PAGE>
 
                          RENAISSANCE MEDIA GROUP LLC
 
                      CONSOLIDATED STATEMENT OF CASH FLOWS
 
                          Year ended December 31, 1998
                                 (In Thousands)
 
 

<TABLE>
<CAPTION>
Operating activities
Net (loss).............................................................. $ (12,955)
Adjustments to non-cash and non-operating items:
  Depreciation and amortization.........................................     19,107
<S>                                                                      <C>
  Accretion on Senior Discount Notes....................................     7,363
  Other non-cash charges................................................       730
  Changes in operating assets and liabilities:
    Accounts receivable--trade, net.....................................      (726)
    Accounts receivable--other..........................................      (584)
    Prepaid expenses and other assets...................................      (338)
    Accounts payable....................................................     2,031
    Accrued expenses....................................................     6,660
    Subscriber advance payments and deposits............................       608
    Deferred marketing support..........................................       800
                                                                         ---------
Net cash provided by operating activities...............................    22,696
                                                                         ---------
<CAPTION>
Investing activities
<S>                                                                      <C>
Purchased cable television systems:
  Property, plant and equipment.........................................   (65,580)
  Cable television franchises...........................................  (235,412)
  Cash paid in excess of identifiable assets............................    (8,608)
Escrow deposit..........................................................      (150)
Capital expenditures....................................................    (5,683)
Cable television franchises.............................................    (1,077)
Other intangible assets.................................................      (526)
                                                                         ---------
Net cash (used in) investing activities.................................  (317,036)
                                                                         ---------
<CAPTION>
Financing activities
<S>                                                                      <C>
Debt acquisition costs..................................................    (8,323)
Principal repayments on bank debt.......................................    (7,500)
Advances from Holdings..................................................        33
Proceeds from bank debt.................................................   110,000
Proceeds from 10% Senior Discount Notes.................................   100,012
Capital contributions...................................................   108,600
                                                                         ---------
Net cash provided by financing activities...............................   302,822
                                                                         ---------
Net increase in cash and cash equivalents...............................     8,482
Cash and cash equivalents at December 31, 1997..........................       --
                                                                         ---------
Cash and cash equivalents at December 31, 1998.......................... $   8,482
                                                                         =========
<CAPTION>
Supplemental disclosures
<S>                                                                      <C>
Interest paid........................................................... $   4,639
                                                                         =========
</TABLE>

 
                  See accompanying notes to financial statements.
 
 
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