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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 9, 2001
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CHARTER COMMUNICATIONS HOLDINGS, LLC
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORPORATION
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(Exact name of registrants as specified in their charters)
Delaware
Delaware
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(State or Other Jurisdiction of Incorporation or Organization)
333-77499 43-1843179
333-77499-01 43-1843177
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Commission File Number (Federal Employer
Identification Number)
12444 Powerscourt Drive - Suite 400
St. Louis, Missouri 63131
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's telephone number, including area code) (314) 965-0555
Item 5. Other Items.
For the first quarter of 2001, Charter Holdings revenues were $873.8
million, an increase of 14.4% over pro forma revenues for the first quarter of
2000. Operating cash flow (excluding depreciation, amortization and option
compensation expense) for the first quarter of 2001 was $387.9 million, a 9.6%
increase over pro forma operating cash flow for the first quarter of 2000. Loss
from operations for the first quarter of 2001 was $311.9 million, an increase of
30.0% compared to the pro forma loss from operations for 2000. EBITDA (earnings
before interest, taxes, depreciation, and amortization) for the first quarter of
2001 was $322.9 million a decrease of 6.0% compared to pro forma first quarter
2000. Net loss was $672.6 million, an increase of 32.3% compared to the pro
forma net loss of $508.4 million for first quarter 2000. In first quarter 2001,
we implemented SFAS 133, "Accounting for Derivative Instruments and Hedging
Activities," which resulted in a cumulative effect of change in accounting
principle (loss) of $23.9 million and current period expense of $21.8 million.
Cash used in operating activities for the first quarter of 2001 was $155.0
million compared to actual cash provided by operating activities of $191.4
million in the first quarter of 2000.
Charter Holdings is currently in discussions with the prospective
lenders under the committed Charter Holdings 2001 senior bridge loan facility to
amend the terms of the facility to address our previously projected funding
shortfall. No assurance can be given that the bridge loan facility will be
successfully amended, or that funding under the bridge loan facility will be
available to us, as funding thereunder is subject to a number of conditions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Charter Communications Holdings, LLC has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
CHARTER COMMUNICATIONS
HOLDINGS, LLC, a registrant
Dated May 9, 2001 By: /s/ KENT D. KALKWARF
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Name: Kent D. Kalkwarf
Title: Executive Vice President and
Chief Financial Officer
(Principal Financial Officer
and Principal Accounting Officer)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Charter Communications Holdings Capital Corporation has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
CHARTER COMMUNICATIONS HOLDINGS CAPITAL
CORPORATION, a registrant
Dated May 9, 2001 By: /s/ KENT D. KALKWARF
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Name: Kent D. Kalkwarf
Title: Executive Vice President and
Chief Financial Officer
(Principal Financial Officer
and Principal Accounting Officer)