Print Page  Close Window

SEC Filings

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 STATEMENT OF CASH FLOWS
 
                             (dollars in thousands)
 

<TABLE>
<CAPTION>
                                                                 For the period
                                                                 September 31,
                                                    For the Year      1997
                                                       Ended      (inception)
                                                    December 31,  December 31,
                                                        1998          1997
                                                    ------------ --------------
<S>                                                 <C>          <C>
Cash flows from operating activities:
  Net income (loss)................................  $ (15,382)       $  4
  Adjustments to reconcile net income to net cash
   provided by operating activities
    Depreciation and amortization..................      8,183         --
  Deferred income taxes, net.......................      1,010         --
  Extraordinary loss on extinguishment of debt.....      5,965         --
  Provision for loss on accounts receivable........         75         --
  Minority interest in consolidated entity.........        398         --
  Accretion of senior discount notes...............      1,083         --
  Changes in operating assets and liabilities......
    Increase in subscriber receivables.............     (1,679)
    Increase in accounts receivable--affiliates....       (124)        --
    Increase in prepaid expenses and other current
     assets........................................        (76)         (4)
    Increase in accounts payable and accrued
     expenses......................................      4,863         --
    Increase in accounts payable--affiliates.......      1,523         --
    Increase in advance billings and customer
     deposits......................................      1,684         --
    Change in Other, net...........................       (227)        --
                                                     ---------        ----
      Net cash provided by operating activities....      7,296         --
                                                     ---------        ----
Cash flows from investing activities:
  Capital expenditures.............................    (11,468)        --
  Acquisitions, net of cash acquired...............   (554,402)        --
                                                     ---------        ----
      Net cash used in investing activities........   (565,870)        --
                                                     ---------        ----
Cash flows from financing activities:
  Proceeds from issuance of credit facility........    265,888         --
  Principal payment on credit facility.............   (125,013)        --
  Proceeds from issuance of senior subordinated
   debt............................................    150,000         --
  Proceeds from issuance of note payable-affiliate.      3,341         --
  Proceeds from issuance of senior discount notes..    110,411         --
  Proceeds from other notes payable................        600         --
  Payments for debt issuance costs.................     (3,995)        --
  Contribution by members..........................    166,630         --
                                                     ---------        ----
      Net cash provided by financing activities....    567,862         --
Increase in cash...................................      9,288         --
Cash, beginning of period..........................        --          --
                                                     ---------        ----
Cash, end of period................................  $   9,288        $--
                                                     =========        ====
Supplemental disclosures of cash flow information:
  Cash paid during the period for interest.........  $   3,480        $--
                                                     =========        ====
</TABLE>

 
 
  The accompanying notes are an integral part of these consolidated financial
                                  statements.
 
                                      F-7