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S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 05/28/1999
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                                  TACONIC CATV
                   (a component of Taconic Technology Corp.)

                          STATEMENT OF CASH FLOWS
                     Years ended December 31, 1997 and 1998

          Three months ended March 31, 1998 and 1999 (unaudited)


<TABLE>
<CAPTION>
                                           December 31,         March 31,
                                        -------------------  -----------------
                                          1997       1998     1998      1999
                                        ---------  --------  -------  --------
<S>                                     <C>        <C>       <C>      <C>
Cash flows from operating activities:
  Net income........................... $ 113,065   145,991    7,916    43,431
  Adjustments to reconcile net income
   to net cash provided by operating
   activities:
    Depreciation and amortization......   425,569   425,556  107,173   105,133
    Provision for deferred taxes.......    58,199   (17,542)  (3,591)  (12,722)
    (Increase) decrease in accounts
     receivable........................    (6,590)   54,399   28,918    23,982
    Increase in receivable from related
     entities..........................       --   (457,987)     --   (132,910)
    Decrease in inventories............    87,681    18,565       33    10,250
    (Increase) decrease in prepaid
     expenses..........................     6,964     6,978  (23,107)  (13,345)
    Increase (decrease) in accounts
     payable and accrued expenses......   111,531   (44,251) (27,275)   (5,286)
    Decrease in payable to related
     entities..........................  (429,460)  (27,917) (52,926)      --
                                        ---------  --------  -------  --------
      Net cash provided by operating
       activities......................   366,959   103,792   37,141    18,533
Cash flows from investing activities:
  Capital expenditures.................  (213,626)  (81,143) (14,492)  (18,533)
                                        ---------  --------  -------  --------
      Net cash used by investing
       activities......................  (213,626)  (81,143) (14,492)  (18,533)
Cash flows from financing activities:
  Principal payment on bank debt.......  (153,333)  (22,649) (22,649)      --
                                        ---------  --------  -------  --------
      Net cash used by financing
       activities......................  (153,333)  (22,649) (22,649)      --
                                        ---------  --------  -------  --------
Net increase in cash...................       --        --       --        --
Cash at:
  Beginning of year....................       --        --       --        --
                                        ---------  --------  -------  --------
  End of year.......................... $     --        --       --        --
                                        =========  ========  =======  ========
Supplemental schedule of non-cash
 financing activities:
Decrease in bank debt resulting from
 repayment by ultimate parent company
 and contribution to capital........... $     --    769,852  769,852       --
                                        =========  ========  =======  ========
</TABLE>



                See accompanying notes to financial statements.

                                     F-104