Print Page  Close Window

SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
Entire Document
 
<PAGE>

                       AVALON CABLE LLC AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET

                               December 31, 1998
                                 (in thousands)


<TABLE>
<S>                                                                     <C>
Assets
Current assets:
  Cash................................................................. $   217
  Subscriber receivables, less allowance for doubtful accounts of $70..     847
  Prepaid expenses and other current assets............................     121
                                                                        -------
    Total current assets...............................................   1,185
Property, plant and equipment, net.....................................   6,456
Intangible assets, net.................................................  30,804
Notes receivable--affiliate............................................  15,171
Other assets...........................................................      32
                                                                        -------
    Total assets....................................................... $53,648
                                                                        =======
Liabilities and Members' Interest
Current liabilities:
  Current portion of notes payable..................................... $    20
  Accounts payable and accrued expenses................................   1,331
  Accounts payable, net--affiliate.....................................     247
  Deferred revenue.....................................................     717
  Accrued interest.....................................................     121
                                                                        -------
    Total current liabilities..........................................   2,436
Note payable, net of current portion...................................     580
Note payable--affiliate................................................   3,341
                                                                        -------
    Total liabilities..................................................   6,357
                                                                        -------
Commitments and contingencies (Note 10)
Members' interest:
Members' capital.......................................................  49,345
  Accumulated deficit..................................................  (2,054)
                                                                        -------
    Total member's interest............................................  47,291
                                                                        -------
    Total liabilities and member's interest............................ $53,648
                                                                        =======
</TABLE>



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

                                      F-4