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S-4/A
AVALON CABLE OF MICHIGAN INC/ filed this Form S-4/A on 07/22/1999
Entire Document
 
<PAGE>
 
                       AVALON CABLE LLC AND SUBSIDIARIES
 
                           CONSOLIDATED BALANCE SHEET
 
                             (dollars in thousands)
 

<TABLE>
<CAPTION>
                                                                December 31,
                                                               ----------------
                                                                 1998     1997
                                                               ---------  -----
<S>                                                            <C>        <C>
Assets
Current assets:
  Cash........................................................ $   9,288  $ --
  Subscriber receivables, less allowance for doubtful accounts
   of $943....................................................     5,862    --
  Accounts receivable--affiliate..............................       124    --
  Deferred income taxes.......................................       479    --
  Prepaid expenses and other current assets...................       580    504
                                                               ---------  -----
    Total current assets......................................    16,333    504
Property, plant and equipment, net............................   111,421    --
Intangible assets, net........................................   462,117    --
Other assets..................................................       227    --
                                                               ---------  -----
    Total assets.............................................. $ 590,098  $ 504
                                                               =========  =====
Liabilities and Members' Interest
Current liabilities:
  Current portion of notes payable............................      $ 20  $ --
  Accounts payable and accrued expenses.......................    11,646    --
  Accounts payable, net--affiliate............................     2,023    500
  Advance billings and customer deposits......................     3,171    --
                                                               ---------  -----
    Total current liabilities.................................    16,860    500
Note payable, net of current portion..........................   402,949    --
Note payable--affiliate.......................................     3,341    --
Deferred income taxes.........................................     1,841    --
                                                               ---------  -----
    Total liabilities.........................................   424,991    500
                                                               ---------  -----
Minority interest.............................................    13,855    --
Commitments and contingencies (Note 10)
Members' interest:
  Members' capital............................................   166,630    --
  Accumulated earnings (deficit)..............................   (15,378)     4
                                                               ---------  -----
    Total member's interest...................................   151,252      4
                                                               ---------  -----
    Total liabilities and member's interest................... $ 590,098  $ 504
                                                               =========  =====
</TABLE>

 
 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
 
                                      F-4