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SEC Filings

S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
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                       AVALON CABLE LLC AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                                 (In thousands)


<TABLE>
<CAPTION>
                                                         March 31,  December 31,
                                                           1999         1998
                                                        ----------- ------------
                                                        (Unaudited)
<S>                                                     <C>         <C>
Assets
Current assets
  Cash.................................................  $ 13,227     $   217
  Subscriber receivables, less allowance
   for doubtful accounts of $957 and $70...............     6,210         847
  Prepaid expenses and other current assets............       741         121
                                                         --------     -------
    Total current assets...............................    20,178       1,185
  Property, plant and equipment, net...................   115,200       6,456
  Intangible assets, net...............................   473,323      30,804
  Notes receivable--affiliate..........................       --       15,171
  Other assets.........................................        94          32
                                                         --------     -------
    Total assets.......................................  $608,795     $53,648
                                                         ========     =======
Liabilities and Members' Interest
Current liabilities
  Current portion of notes payable.....................  $     20     $    20
  Accounts payable and accrued expenses................    20,669       1,452
  Accounts payable, net--affiliate.....................     3,388         247
  Deferred revenue.....................................     3,363         717
                                                         --------     -------
    Total current liabilities..........................    27,440       2,436
  Note payable, net of current portion.................   442,727         580
  Note payable--affiliate..............................       --        3,341
                                                         --------     -------
    Total liabilities..................................   470,167       6,357
Commitments and contingencies (Note 4)
Members' interests
  Members' capital.....................................   140,981      49,345
  Accumulated deficit..................................    (2,353)     (2,054)
                                                         --------     -------
    Total members' interest............................   138,628      47,291
                                                         --------     -------
    Total liabilities and members' interest............  $608,795     $53,648
                                                         ========     =======

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

                                      F-15