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 BALANCE SHEET
                                 (In thousands)
 

<TABLE>
<CAPTION>
                                                         March 31,  December 31,
                                                           1999         1998
                                                        ----------- ------------
                                                        (Unaudited)
<S>                                                     <C>         <C>
Assets
Current assets
  Cash.................................................  $ 13,227     $  9,288
  Subscriber receivables, less allowance
   for doubtful accounts of $957 and $70...............     6,210        5,862
  Accounts receivable--affiliate.......................       --           124
  Deferred income taxes................................       --           479
  Prepaid expenses and other current assets............       741          580
                                                         --------     --------
    Total current assets...............................    20,178       16,333
  Property, plant and equipment, net...................   115,200      111,421
  Intangible assets, net...............................   473,323      462,117
  Other assets.........................................        94          227
                                                         --------     --------
    Total assets.......................................  $608,795     $590,098
                                                         ========     ========
Liabilities and Members' Interest
Current liabilities
  Current portion of notes payable.....................  $     20     $     20
  Accounts payable and accrued expenses................    18,197       11,646
  Accounts payable, net--affiliate.....................     3,388        2,023
  Deferred revenue.....................................     3,363        3,171
                                                         --------     --------
    Total current liabilities..........................    24,968       16,860
  Note payable, net of current portion.................   442,727      402,949
  Note payable--affiliate..............................       --         3,341
  Deferred income taxes................................       --         1,841
                                                         --------     --------
    Total liabilities..................................   467,695      424,991
Minority interest......................................       --        13,855
Commitments and contingencies (Note 5)
Members' interests
  Members' capital.....................................   166,630      166,630
  Accumulated deficit..................................   (25,530)     (15,378)
                                                         --------     --------
    Total members' interest............................   141,100      151,252
                                                         --------     --------
    Total liabilities and members' interest............  $608,795     $590,098
                                                         ========     ========
 
</TABLE>

 
 
    The accompanying notes are an integral part of these consolidated financial
                                  statements.
 
                                      F-20