Charter 2002 Annual Report Download - page 21

Acquisitions
The following table sets forth information regarding our acquisitions in 2000, 2001 and 2002:
Purchase Price (Dollars in Millions)
Securities
Acquisition Cash Assumed Issued/Other Total Acquired
Date Paid Debt Consideration Price Customers
Interlake ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1/00 $ 13 $ Ì $ Ì $ 13 6,000
BresnanÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2/00 1,100 963 1,014(a) 3,077 695,800
Capital CableÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4/00 60 Ì Ì 60 23,200
FarmingtonÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4/00 15 Ì Ì 15 5,700
Kalamazoo ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 9/00 Ì Ì 171(b) 171 50,700
Total 2000 Acquisitions ÏÏÏÏÏÏ 1,188 963 1,185 3,336 781,400
AT&T Systems ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6/01 1,711 Ì 25(c) 1,736(c) 551,100
Cable USA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 8/01 45 Ì 55(d) 100 30,600
Total 2001 Acquisitions ÏÏÏÏÏÏ 1,756 Ì 80 1,836 581,700
High Speed Access Corp. ÏÏÏÏÏÏÏÏ 2/02 78 Ì Ì 78 N/A
Enstar Limited Partnership Systems 4/02 48 Ì Ì 48 21,600
Enstar Income Program II-1, L.P. 9/02 15 Ì Ì 15 6,400
Total 2002 Acquisitions ÏÏÏÏÏÏ 141 141 28,000
Total 2000-2002 AcquisitionsÏÏ $3,085 $963 $1,265 $5,313 1,391,100
(a) Comprised of $385 million in equity in Charter Communications Holding Company and $629 million of
preferred limited liability company membership interests in CC VIII.
(b) In connection with this transaction, we acquired all of the outstanding stock of Cablevision of Michigan
in exchange for 11,173,376 shares of Charter Communications, Inc. Class A common stock.
(c) Comprised of $1.7 billion, as adjusted, in cash and a cable system located in Florida valued at $25 million,
as adjusted post-closing.
(d) In connection with this transaction, at the closing we acquired all of the outstanding stock of Cable USA
and the assets of related aÇliates in exchange for cash and 505,664 shares of Charter Communications,
Inc. Series A convertible redeemable preferred stock. In the Ñrst quarter of 2003, an additional
$0.34 million in cash was paid and 39,595 additional shares of Series A convertible redeemable preferred
stock were issued to certain sellers.
All acquisitions were accounted for under the purchase method of accounting and results of operations
were included in our consolidated Ñnancial statements from their respective dates of acquisition.
On February 28, 2002, CC Systems LLC, a subsidiary of Charter Communications Holding Company,
purchased from High Speed Access Corp. the contracts and associated assets, and assumed related liabilities,
that serve our data services customers, including a customer contact center, a network operations center and
provisioning software. At the closing, CC Systems paid $78 million to High Speed Access and delivered to
High Speed Access 37,000 shares of High Speed Access Series D convertible preferred stock and all of the
warrants to buy High Speed Access common stock owned by Charter Communications Holding Company,
and High Speed Access purchased 38,000 shares of its Series D Preferred Stock from Vulcan Ventures
Incorporated, an entity 100% owned by Mr. Allen, for $8 million. Concurrently with the closing of the
transaction, all of the agreements between our subsidiaries and High Speed Access Corp. (other than a license
agreement entered into in connection with the asset purchase), namely, the programming content agreement,
the services agreement the systems access agreement, the 1998 network services agreement and the May 2000
19