EX-99.1 3 a2140776zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK

Case No. 02-12834 and 02-41729 through 02-41957*
Chapter 11

ADELPHIA COMMUNICATIONS CORPORATION, et al.
(Name of Debtors)

Monthly Operating Report for
the period ended June 30, 2004 **

Debtors' Address:
5619 DTC Parkway
Greenwood Village, CO 80111

Willkie Farr & Gallagher LLP
(Debtors' Attorneys)

Monthly Operating Loss: $(8,074)
($ in thousands)

Report Preparer:

        The undersigned, having reviewed the attached report and being familiar with the Debtors' financial affairs, verifies under the penalty of perjury, that the information contained therein is complete, accurate and truthful to the best of my knowledge.**

Date: July 26, 2004    

 

 

/s/  
SCOTT MACDONALD      
Scott Macdonald
Senior Vice President and Chief Accounting Officer

Indicate if this is an amended statement by checking here

AMENDED STATEMENT o


*
Refer to Schedule VI for a listing of Debtors by Case Number

**
All amounts herein are preliminary and subject to revision. The Debtors reserve all rights to revise this report.


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED BALANCE SHEET

(Dollars in thousands, except per share amounts)

 
  June 30,
2004

 
ASSETS:        
Cash and cash equivalents   $ 202,177  
Restricted cash     37,552  
Subscriber receivables—net     211,164  
Prepaid expenses     54,986  
Investments     21,827  
Intercompany receivables     27,720,678  
Related party receivables     1,770,343  
Property, plant and equipment—net     6,973,235  
Intangible assets—net     15,351,999  
Other assets—net     433,261  
   
 
      Total assets   $ 52,777,222  
   
 
LIABILITIES AND STOCKHOLDERS' EQUITY:        
Accounts payable   $ 117,329  
Subscriber advance payments and deposits     108,337  
Accrued interest and other liabilities     411,436  
Intercompany payables     665,614  
Related party payables     162,681  
Parent and subsidiary debt     530,724  
Deferred income taxes     2,004,746  
   
 
      4,000,867  
   
 
Liabilities subject to compromise:        
  Parent and subsidiary debt     13,421,601  
  Parent and subsidiary debt under co-borrowing credit facilities attributable to Rigas family entities     2,846,156  
   
 
      16,267,757  
 
Accounts payable

 

 

889,592

 
  Accrued interest and other liabilities     519,644  
  Intercompany payables     27,019,794  
  Related party payables     1,233,606  
  Cumulative redeemable exchangeable preferred stock     148,794  
   
 
    Total liabilities subject to compromise     46,079,187  
   
 
    Total liabilities     50,080,054  
   
 
Minority interests     539,258  
   
 
Stockholders' equity:        
  Convertible preferred stock     397  
  Class A and Class B common stock, $.01 par value, 1,500,000,000 shared authorized, 254,842,636 shares issued and outstanding     2,548  
  Additional paid-in capital     9,458,327  
  Accumulated other comprehensive loss     (6,750 )
  Accumulated deficit     (4,301,055 )
  Treasury stock, at cost     (149,401 )
   
 
      5,004,066  
  Amounts due from Rigas family entities under co-borrowing credit facilities     (2,846,156 )
   
 
    Total stockholders' equity     2,157,910  
   
 
      Total liabilities and stockholders' equity   $ 52,777,222  
   
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

2



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share amounts)

 
  Month Ended
June 30, 2004

  Twenty-four
Months Ended
June 30, 2004

 
Revenue   $ 326,878   $ 7,121,359  

Cost and expenses:

 

 

 

 

 

 

 
  Direct operating and programming     204,267     4,586,727  
  Selling, general and administrative     26,611     474,227  
  Depreciation and amortization     90,217     1,844,112  
  Impairment of long-lived and other assets         72,134  
  Non-recurring professional fees     8,454     127,670  
   
 
 
    Operating income (loss) before reorganization expenses due to bankruptcy     (2,671 )   16,489  
  Reorganization expenses due to bankruptcy     5,403     174,498  
   
 
 
Operating loss     (8,074 )   (158,009 )
   
 
 
Other income (expense):              
  Interest expense     (27,431 )   (806,894 )
  Equity in losses of affiliates—net     (224 )   (108,453 )
  Minority interest in losses of subsidiaries—net     6,459     21,598  
  Other-than-temporary impairment of investments and other assets         (72,909 )
  Other     4,311     27,186  
   
 
 
      (16,885 )   (939,472 )
   
 
 
Net loss from continuing operations before income taxes     (24,959 )   (1,097,481 )
Income tax benefit         35  
   
 
 
Net loss from continuing operations     (24,959 )   (1,097,446 )
Discontinued operations         (46,139 )
   
 
 
Net loss applicable to common stockholders   $ (24,959 ) $ (1,143,585 )
   
 
 
Net loss per weighted average share outstanding—basic and diluted   $ (0.10 ) $ (4.51 )
   
 
 
Weighted average shares outstanding (in thousands)—basic and diluted     253,748     253,748  
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

 
  Month Ended
June 30, 2004

  Twenty-four
Months Ended
June 30, 2004

 
Cash flows from operating activities:              
  Net loss   $ (24,959 ) $ (1,143,585 )
    Adjustments to reconcile net loss to net cash provided by operating activities:              
    Depreciation and amortization     90,217     1,844,112  
    Amortization of bank financing costs     2,322     43,361  
    Impairment of long-lived and other assets         72,134  
    Other-than-temporary impairment of investments and other assets         72,909  
    Minority interest in losses of subsidiaries—net     (6,459 )   (21,598 )
    Equity in losses of affiliates, net     224     108,453  
    Gain on sale of assets—net         (8,642 )
    Depreciation, amortization and other non-cash items from discontinued operations         46,366  
    Other non-cash items         3,856  
    Reorganization expenses due to bankruptcy     5,403     174,498  
    Non-recurring professional fees, net of amounts paid     (5,527 )   33,170  
    Change in assets and liabilities:              
      Subscriber receivables—net     (868 )   (10,350 )
      Prepaid expenses—net     6,690     (1,072 )
      Other assets—net     (5,576 )   (59,901 )
      Accounts payable     (19,268 )   14,408  
      Subscriber advance payments and deposits     17,393     30,505  
      Accrued interest and other liabilities     11,660     250,910  
      Liabilities subject to compromise         (106,117 )
      Intercompany receivables and payables—net     459     (22,120 )
   
 
 
Net cash provided by operating activities before payment of reorganization expenses     71,711     1,321,297  
Reorganization expenses paid during the period     (9,884 )   (142,346 )
   
 
 
Net cash provided by operating activities     61,827     1,178,951  
   
 
 

Cash flows from investing activities:

 

 

 

 

 

 

 
  Expenditures for property, plant and equipment     (100,485 )   (1,503,378 )
  Cash paid for acquisitions         (2,890 )
  Changes in restricted cash     3,313     (36,170 )
  Proceeds on asset sales         9,718  
  Investment distributions and contributions—net         (2,697 )
  Related party receivables and payables—net     2,888     26,152  
   
 
 
Net cash used in investing activities     (94,284 )   (1,509,265 )
   
 
 
Cash flows from financing activities:              
  Proceeds from debt     31,572     540,572  
  Payments of debt     (1,467 )   (99,817 )
  Payment of debtor in possession bank financing costs         (50,649 )
   
 
 
Net cash provided by financing activities     30,105     390,106  
   
 
 

Change in cash and cash equivalents

 

 

(2,352

)

 

59,792

 
Cash and cash equivalents, beginning of period     204,529     142,385  
   
 
 
Cash and cash equivalents, end of period   $ 202,177   $ 202,177  
   
 
 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

4



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

1. Organization, Business and Proceedings under Chapter 11

        Adelphia Communications Corporation and its subsidiaries ("Adelphia" or the "Company") owns, operates and manages cable television systems and other related businesses. Adelphia's operations primarily consist of providing analog and digital cable services, high-speed Internet access and other advanced services over Adelphia's cable networks. These services are generally provided to residential customers. These services are offered in the respective franchise areas under the name Adelphia. Cable systems operated by Adelphia are located in 30 states and Puerto Rico, with large clusters in Los Angeles, Western Pennsylvania, Ohio, Western New York, New England, Florida, Virginia and Colorado Springs.

        Solely for the purposes of the accompanying unaudited consolidated financial statements, the accounts of Adelphia, including its majority-owned subsidiaries and subsidiaries that are at least 50% owned and controlled by Adelphia, are included with the exception of those subsidiaries/entities (the "Non-Filing Entities") who did not file voluntary petitions under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") and Century-ML Cable Venture ("CMLCV"), a joint venture of which Adelphia is the managing partner and whose bankruptcy filing is administered separately. The Non-Filing Entities as of June 30, 2004 include Palm Beach Group Cable, Inc., Palm Beach Group Cable Joint Venture, Century-ML Cable Corporation, Praxis Capital Ventures, L.P., St. Marys Television, Inc. ("St. Marys"), Adelphia Brasil, Ltda, STV Communications and Main Security Surveillance, Inc. As of and for the month ended June 30, 2004, the Non-Filing Entities were not significant to the consolidated results of operations, financial position, or cash flows of the filing entities. The accompanying unaudited consolidated financial statements do not include any entities owned and/or controlled by John J. Rigas or his family (the "Rigas Family" or "Rigas Entities").

Bankruptcy Proceedings

        On June 25, 2002, Adelphia and all of its wholly-owned subsidiaries (excluding Century Communications Corporation ("Century") which filed on June 10, 2002) (all filing entities, including Century, herein known as the "Debtors" or "Filing Entities"), except for the Non-Filing Entities and CMLCV which filed on September 30, 2002 (see Note 18), filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). The Debtors are operating their business as debtors-in-possession under Chapter 11. On July 11, 2002, the Office of the United States Trustee for the Southern District of New York (the "U.S. Trustee") appointed a statutory committee of unsecured creditors (the "Creditors' Committee"). In addition, on July 31, 2002, the U.S. Trustee appointed a statutory committee of equity holders (the "Equity Committee" and collectively with the Creditors' Committee, the "Committees"). The Committees have the right to, among other things, review and object to certain business transactions and may participate in the formulation of the Company's long-term business plan and plan of reorganization. The Company has received several extensions from the Bankruptcy Court of the period within which to file a plan of reorganization (the "Exclusive Period") and solicit acceptances thereof (the "Solicitation Period"), with the latest extension of the Exclusive Period and the Solicitation Period being through February 17, 2004 and April 20, 2004, respectively. On February 9, 2004, the Debtors filed a motion requesting an additional extension of the Exclusive Period and Solicitation Period to April 17, 2004 and June 19, 2004, respectively. On February 5, 2004, the Equity Committee filed a motion to terminate the Debtors' Exclusive Period and Solicitation Period. On February 17, 2004, the Rigas Family filed a motion to terminate the Debtors' Exclusive Period and Solicitation Period. Other objections have been filed to the Debtors' extension motion by parties in interest in these cases, including by the agents for the pre-petition lenders and certain creditors. Bridge orders were entered by the Bankruptcy Court extending the Exclusive Period and Solicitation Period until the hearing on the motions is held and a determination by the Bankruptcy Court is made. A hearing on all of these motions has been adjourned, due to the exploration of the sales process discussed below, to a date to be determined by the Bankruptcy Court. Until such hearing, the Exclusive Period and the Solicitation Period are continuing.

5



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        On February 25, 2004, the Debtors filed their proposed joint plan of reorganization (the "Plan") and related draft disclosure statement with the Bankruptcy Court. In addition, on February 25, 2004, the Company announced that it executed a commitment letter and certain related documents pursuant to which, and subject to the terms and conditions set forth therein, four financial institutions committed to provide to the Debtors up to $8.8 billion in exit financing, which amounts will be used by the Debtors to make the cash payments contemplated by the Debtors' proposed plan of reorganization and to pay transaction costs associated with the reorganization of the Debtors. The commitment letter and the related documents were amended on several occasions during the first and second quarters of 2004 to give effect to certain developments in the bankruptcy cases of the Debtors, including in response to the April 22, 2004 announcement by the Debtors of their intention to pursue a possible sale of their equity or assets.

        The proposed exit financing facilities are comprised of (i) $5,500,000 of senior secured credit facilities, which includes $4,750,000 of term loans and a $750,000 revolving credit line, and (ii) a $3,300,000 unsecured bridge facility. The revolving credit line would generally not be used on the closing date to finance the cash payments to be made under the Debtors' proposed plan of reorganization or to pay transaction costs associated with the reorganization of the Debtors. Rather, the revolving credit line would be used following the completion of the Debtors' reorganization to fund the working capital requirements of the Debtors. The aggregate commitment of the exit lenders under the terms of the exit financing commitment is subject to reduction under certain circumstances, which are described in the commitment letter, as amended. In addition, the Company has the right to terminate the commitment of the exit lenders after the execution of a definitive sale agreement that has been approved by Adelphia's board of directors providing for the sale of all or substantially all of the assets of the Debtors or all or substantially all of the equity of Adelphia. The obligation of the exit lenders to fund the exit financing facilities is subject to certain conditions which are enumerated in the commitment letter and the attachments thereto, each as amended. No assurance can be given that such conditions will be satisfied.

        On June 30, 2004, and after the Debtors and the exit lenders agreed on certain modifications to the terms of the exit financing commitment, the Bankruptcy Court entered a final order approving the exit financing commitment. Following the Bankruptcy Court's definitive approval of the exit financing commitment, the Company paid the exit lenders a nonrefundable fee of $10,000 and reimbursed the exit lenders for certain expenses they had incurred through the date of such approval, including certain legal expenses incurred by them through such date. Additional fees will be payable by the Company under the terms of the exit financing commitment irrespective of whether the exit financing facilities are utilized. Certain other fees will only become payable if the exit financing facilities are funded.

        The Debtors are not soliciting acceptances of the Plan at this time, and any such solicitation will be made only after the disclosure statement relating to the Plan has been approved by the Bankruptcy Court. In order to successfully emerge from bankruptcy, the Debtors must, among other things: (1) obtain an order of the Bankruptcy Court approving the disclosure statement as containing "adequate information", (2) solicit the approval of the Plan from the holders of claims against and equity interests in each class that are impaired and not deemed to have rejected the Plan, (3) obtain an order from the Bankruptcy Court confirming the Plan and (4) consummate the Plan. No date for a hearing on the disclosure statement has been scheduled at this time. In order to obtain a confirmation order, the Bankruptcy Court will have to find, among other things, that each class of impaired claims or equity interests has either accepted the Plan or the Plan meets the requirements of the Bankruptcy Code to force the non-accepting class or classes to accept the Plan. In addition, the Bankruptcy Court must find that the Plan meets certain other requirements specified in the Bankruptcy Code. Confirmation of the Plan would resolve, among other things, the Debtors' pre-petition obligations, determine the revised capital structure of the newly reorganized Debtors and provide for their corporate governance following emergence from bankruptcy. There can be no assurance that the Bankruptcy Court will find that the Plan satisfies all requirements necessary for confirmation by the Bankruptcy Court. There also can be no assurance that modifications to the Plan will not be required for confirmation or that such modifications would not necessitate the resolicitation of votes of holders of claims and equity interests. In addition, if the Plan is rejected by certain classes of claims or equity interests, the Bankruptcy Court may determine not to confirm it. The Debtors believe that there is substantial opposition to the terms of the Plan as filed on February 25, 2004 from many of the Debtors' constituents. The Debtors are in the process of revising the Plan to address certain of the issues raised by certain constituents. While the Plan proposes, among other things, the reorganization of the Debtors and claims against them, it does not address the reorganization of CMLCV.

6



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        On April 22, 2004, the Debtors announced that they will explore a possible sale of the Company as one alternative to a plan for an independent company upon emergence from bankruptcy. The Debtors intend to determine whether a sale will deliver greater value to the Debtors' constituencies than the value proposed by the Plan. While the Debtors will explore a possible sale, the Debtors also intend to continue to pursue a plan for an independent company upon emergence from bankruptcy. The Debtors intend to pursue the course of action that is in the best interests of the Debtors' constituents.

        In order to motivate existing employees and stave off attrition that likely would result from a dual path emergence strategy, the Debtors, after consultation with their executive compensation consultants, filed a motion with the Bankruptcy Court on June 24, 2004 seeking to amend and supplement the existing compensation and retention programs that were approved in the Spring of 2003 (the "KERP Motion"). The KERP Motion seeks approval of (1) an amended performance retention plan; (2) an amended severance plan; (3) amended forms of employment agreements for senior managers; and (4) a key employee continuity program.

Bankruptcy Costs and Fees

        In connection with the effectiveness of a plan or plans of reorganization, the Company will incur certain costs and fees. Certain of these costs and fees will be due once the plan of reorganization is approved by the Bankruptcy Court and include cure costs and success fees. The Company is currently aware of certain success fees that potentially could be paid to representatives of the Company and the Committees upon the Company's emergence from bankruptcy. Currently, these success fees are estimated to be between $27,000 to $31,500. As no plan or plans of reorganization have been confirmed by the Bankruptcy Court, no accrual for such amounts has been recorded in the accompanying unaudited consolidated financial statements

Basis of Presentation

        Until a plan or plans of reorganization is confirmed by the Bankruptcy Court, the unaudited consolidated financial statements of the Company have been prepared using guidance prescribed by the American Institute of Certified Public Accountants' ("AICPA") Statement of Position 90-7 "Financial Reporting by Entities in Reorganization Under the Bankruptcy Code" ("SOP 90-7") and generally accepted accounting principles in the United States of America ("GAAP"). These unaudited consolidated financial statements are not intended to present fairly the financial position of the Company as of June 30, 2004, or the results of its operations or its cash flows for the one and twenty-four month periods ended June 30, 2004 in conformity with GAAP because the accompanying unaudited consolidated financial statements exclude the financial position, results of operations and cash flows of the Non-Filing Entities and CMLCV. Furthermore, the accompanying unaudited consolidated financial statements do not include all of the information and footnote disclosures required by GAAP for complete financial statements.

        The accompanying unaudited consolidated financial statements of the Company have been prepared on a going concern basis, which assumes the realization of assets and the payment of liabilities in the ordinary course of business, and do not reflect any adjustments that might result if the Company is unable to continue as a going concern. As a result of the reorganization proceedings under Chapter 11 of the Bankruptcy Code, the Company may take, or may be required to take, actions which may cause assets to be realized, or liabilities to be liquidated, for amounts other than those reflected in the accompanying unaudited consolidated financial statements. SOP 90-7 requires that pre-petition liabilities that are subject to compromise be segregated in the unaudited consolidated balance sheet as liabilities subject to compromise and that revenue, expenses, realized gains and losses, and provisions for losses resulting directly from the reorganization due to the bankruptcy be reported separately as reorganization expenses in the unaudited consolidated statements of operations. See Note 5 to these unaudited consolidated financial statements for further discussion.

7



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        As a result of the Company's recurring losses, the Chapter 11 filing and circumstances relating to these events (including the Company's debt structure), actions taken by Rigas management and current economic conditions, realization of assets and liquidation of liabilities are subject to significant uncertainty. In order to provide liquidity through June 2004, the Company entered into an Amended and Restated Credit and Guaranty Agreement dated as of August 26, 2002, as amended, with a group of lenders led by JP Morgan Securities Inc. and Citigroup Global Markets Inc. as Co-Lead Arrangers (the "DIP Lenders"), for a Debtor-in-Possession Credit Facility (the "DIP Facility"). On May 6, 2004, the Bankruptcy Court entered an order authorizing and approving a form of Second Amended and Restated Credit and Guaranty Agreement (the "Extended DIP Facility") and a related commitment letter and fee letter, each dated April 16, 2004, and the payment of related fees and expenses. On May 10, 2004, the Company closed on the Extended DIP Facility, which replaced and superceded the DIP Facility. Certain terms of the Extended DIP Facility are more fully described in Note 2 below. The Company believes that cash flows from operations, along with the financing provided through the Extended DIP Facility, should allow the Company to continue as a going concern; however, there can be no assurance of this. The Company's ability to continue as a going concern is also dependent upon its ability to maintain compliance with covenants under the Extended DIP Facility and the ability to generate sufficient cash flow from operations and financing sources to meet its obligations as they become due.

        In the event a Chapter 11 plan or plans of reorganization is confirmed by the Bankruptcy Court and becomes effective, continuation of the Company's business thereafter will be dependent on the Company's ability to achieve positive operating results and maintain satisfactory capital and liquidity. Until a plan or plans of reorganization is confirmed by the Bankruptcy Court and becomes effective, there can be no assurance that the Company will emerge from these bankruptcy proceedings. Furthermore, the effect on the Company's business from the terms and conditions of such a plan or plans of reorganization cannot be determined at this time and, therefore, also raises substantial doubt regarding the Company's ability to continue as a going concern.

        The accompanying unaudited consolidated financial statements have been derived from the books and records of the Company. However, certain financial information has not been subject to procedures that would typically be applied to financial information presented in accordance with GAAP. Upon the application of such procedures (e.g., tests for asset impairment), the Company believes that the financial information of the Debtors will change, and these changes will be material. The Company's intangible assets primarily consist of purchased franchises and goodwill that resulted from the allocation of the purchase price of previously acquired cable systems. In accordance with Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and Other Intangible Assets", the Company discontinued amortizing its purchased franchise and goodwill intangibles as of January 1, 2002. SFAS No. 142 requires annual testing for impairment of goodwill and indefinite-lived intangible assets (e.g., purchased franchise intangibles), or more frequently as warranted by events or changes in circumstances. At this time, the Company has not completed its impairment test of its purchased franchise and goodwill intangible assets. Any adjustment as a result of an analysis performed in accordance with SFAS No. 142, may have a material impact on the Company's financial statements. Additionally, the Company has not completed its adoption of SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets", which addresses the financial accounting and reporting for the impairment of long-lived assets and long-lived assets to be disposed of. Once the Company has completed its adoption of SFAS No. 144, an adjustment to the financial statements may be required and this adjustment may be material to the financial statements. Furthermore, the Company disclosed in its Current Report on Form 8-K, dated June 10, 2002, that it believes that certain financial information reported by Rigas management was unreliable. As such, the books and records of the Company from which the accompanying unaudited consolidated financial statements of the Debtors are derived may not accurately reflect the financial condition, results of operations and cash flows of the Debtors.

        The Company is reviewing its books and records and other information on an on-going basis to determine whether the accompanying unaudited consolidated financial statements of the Debtors should be supplemented or otherwise amended. The Company reserves the right to file, at any time, such supplements or amendments to these accompanying unaudited consolidated financial statements. The accompanying unaudited consolidated financial statements should not be considered an admission regarding any of the Debtors' income, expenditures or general financial condition, but rather, a current compilation of the Debtors' books and records. The Company does not make, and specifically disclaims, any representation or warranty as to the completeness or accuracy of the information set forth herein.

8



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        All significant intercompany accounts have been presented gross for purposes of these unaudited consolidated financial statements and accordingly, have not been eliminated in consolidation. GAAP would require that these intercompany balances be eliminated in consolidation. See Note 8 to these unaudited consolidated financial statements for further discussion.

        As previously stated, certain footnote disclosures normally included in unaudited consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, all disclosures considered necessary for an informative presentation have been included herein. As further discussed in Dismissal of Former Independent Public Accountants/New Management below, PricewaterhouseCoopers, LLP ("PwC"), the Company's independent auditors, has not completed its audit as of and for the years ended December 31, 2003, 2002 and 2001 or its re-audits as of and for the years ended December 31, 2000 and 1999.

Discontinued Operations

        As more fully described in Note 17, in April 2004, the Company transferred the economic risks and benefits of certain assets which provide competitive local exchange carrier ("CLEC") telecommunication services. Accordingly, the Company presented such CLEC assets as discontinued operations in April 2004.

Change in Useful Life

        In March 2004, effective January 1, 2004, the Company changed the useful life used to calculate the depreciation of converter boxes from five years to four years due to the introduction of advanced set-top boxes which provide high definition and digital video recording capabilities.

Reclassification

        Certain amounts for the twenty-four months ended June 30, 2004 have been reclassified to conform with the June 30, 2004 monthly presentation.

        In accordance with SFAS No. 150, "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity," the Company has reclassified "Cumulative redeemable exchangeable preferred stock" as a liability in the accompanying unaudited consolidated balance sheet.

Dismissal of Former Independent Public Accountants/New Management

        As disclosed in its Current Report on Form 8-K filed on June 14, 2002, as amended, the Company, on June 9, 2002, dismissed Deloitte & Touche LLP ("Deloitte"), its former independent public accountants. As a result of actions taken by management of the Company during the time that members of the Rigas Family held all of the senior management positions ("Rigas Management"), the Company has not yet completed its financial statements as of and for the years ended December 31, 2003, 2002 and 2001 or received its independent auditor's report thereon. In addition, the Company has not filed with the Securities and Exchange Commission ("SEC") its Annual Reports on Form 10-K as of and for the years ended December 31, 2003, 2002 and 2001. Furthermore, the Company has not timely filed its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2004, September 30, 2003, June 30, 2003, March 31, 2003, September 30, 2002, June 30, 2002 and March 31, 2002. As of the date Deloitte was dismissed as the Company's independent accountants, Deloitte had not completed its audit or issued its independent auditors' report with respect to the Company's financial statements as of and for the year ended December 31, 2001. In addition, Deloitte withdrew the audit reports it had issued with respect to the financial statements of the Company and its subsidiaries. The Company is performing a review of its historical books and records, accounting policies and practices and financial statements to determine whether its books and records and financial statements need to be adjusted in light of the actions taken by management of the Company during the time that the Rigas Family held director and officer positions at the Company. Adelphia's current management is actively engaged in preparing restated financial statements for 2000 and 1999 and preparing financial statements for 2003, 2002 and 2001. In addition, PwC is preparing the audits for the years ended December 31, 2003, 2002 and 2001 and re-audits for the years ended December 31, 2000 and 1999. See Note 3 to these unaudited consolidated financial statements for further information.

9



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        On November 6, 2002, the Company filed a lawsuit against Deloitte charging them with, among other matters, professional negligence, breach of contract, fraud and wrongful conduct. The Company is seeking compensation for all injury from Deloitte's conduct, as well as punitive damages. Deloitte filed preliminary objections to the complaint. On June 11, 2003, the Bankruptcy Court denied Deloitte's preliminary objections in their entirety. On September 15, 2003, Deloitte filed an answer and counterclaims with respect to the Company's complaint and also asserted claims against the Rigas Family. On January 9, 2004, the Company filed an answer to Deloitte's counterclaims and also served discovery requests on Deloitte, including (i) Adelphia's First Set of Document Requests and (ii) a Notice of Deposition of Deloitte's Corporate Designee. Deloitte moved to stay discovery in this action until completion of the U.S. Department of Justice's investigation of certain members of the Rigas Family and certain alleged co-conspirators, which Adelphia opposed. Discovery in the action has commenced.

        Effective March 18, 2003, the Company appointed William Schleyer to serve as its new Chief Executive Officer and Ronald Cooper to serve as its new President and Chief Operating Officer. The new Chief Executive Officer replaced the interim Chief Executive Officer, who, along with other new members of management, took control of the Company in May 2002. The Company's employment of Messrs. Schleyer and Cooper was approved by the Bankruptcy Court by orders dated March 4, 2003 and March 7, 2003, respectively. Mr. Schleyer's employment agreement provides that he will be permitted to use the Company's aircraft in accordance with the corporate aircraft policy approved by the Board of Directors, and prohibits personal use of the aircraft. In October 2003, the Board of Directors approved an aircraft policy that provides, among other things, that reimbursed commuting under a timeshare arrangement does not constitute personal use of the aircraft if significant advantages to the Company in terms of time, money, security or productivity may be realized.

2. Debt and Other Obligations

        Due to the commencement of the Chapter 11 filings and the Company's failure to comply with certain financial covenants, the Company is in default on substantially all of its pre-petition debt obligations. Except as otherwise may be determined by the Bankruptcy Court, the stay protection afforded by the Chapter 11 filings prevents any action from being taken with regard to any of the defaults under the pre-petition debt obligations. All of the pre-petition obligations are classified as liabilities subject to compromise in the accompanying consolidated balance sheet as of June 30, 2004. See Note 4 to these unaudited consolidated financial statements for further information.

Extended DIP Facility

        In connection with the Chapter 11 filings, the Company entered into the $1,500,000 DIP Facility. On May 6, 2004, the Bankruptcy Court entered an order approving the $1,000,000 Extended DIP Facility and on May 10, 2004, the Company closed on the Extended DIP Facility. The Extended DIP Facility superceded and replaced in its entirety the DIP Facility. The Extended DIP Facility matures on the earlier of March 31, 2005 or upon the occurrence of certain other events, including, with respect to each designated subsidiary borrowing group, the effective date of a reorganization plan of the loan parties in such designated subsidiary borrowing group that is confirmed pursuant to an order of the Bankruptcy Court. Upon the closing of the Extended DIP Facility, the Company borrowed an aggregate of approximately $390,750 under the Extended DIP Facility and used all such proceeds to repay all of the then outstanding principle, accrued interest and certain related fees and expenses under the DIP Facility. The proceeds from borrowings under the Extended DIP Facility can be used for general corporate purposes and investments, as defined in the Extended DIP Facility. The Extended DIP Facility is secured with a first priority lien on all of Adelphia's unencumbered assets, a priming first priority lien on all its assets securing its pre-petition bank debt, and a junior lien on all other assets subject to valid pre-existing liens. The Extended DIP Facility consists of an $800,000 revolving credit facility (the "Tranche A Loan") and a $200,000 loan (the "Tranche B Loan"). Loans under the Extended DIP Facility bear interest at the Alternate Base Rate (greatest of the Prime Rate, the Base CD Rate plus 1% or the Federal Funds Effective Rate plus .5%) plus 1.5% or the Adjusted LIBOR Rate, as defined in the Extended DIP Facility, plus 2.5%.

10



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        The Extended DIP Facility contains certain restrictive covenants, which include limitations on the ability of the loan parties to (i) incur additional guarantees, liens and indebtedness, (ii) sell or otherwise dispose of certain assets and (iii) pay dividends or make other distributions, loans or payments to Adelphia or to other loan parties who do not belong to the same designated subsidiary borrowing group. The Extended DIP Facility also requires compliance with certain financial covenants with respect to operating results and capital expenditures. These financial covenants became effective for periods beginning May 1, 2003.

        On July 21, 2004, Amendment No. 1 and Waiver to the Extended DIP Facility ("Amendment No. 1") became effective. Under the terms of Amendment No. 1, the DIP Lenders agreed to amend the definition of EBITDAR, as defined in the Extended DIP Facility, to permit the inclusion of the historical EBITDAR attributable to the CLEC business that was transferred by the Company to TelCove for purposes of determining compliance by the joint and several borrowing group with the financial covenants set forth in the Extended DIP Facility; the historical EBITDAR of the CLEC business will be included for purposes of the financial covenants set forth in the Extended DIP Facility notwithstanding the fact that the CLEC business is reflected as discontinued operations in the accompanying unaudited consolidated financial statements.. In addition, under the terms of Amendment No. 1, the DIP Lenders agreed to waive certain provisions of the Extended DIP Facility to, among other things, permit the loan parties to (i) make certain pre-petition payments which, in the aggregate, cannot exceed certain specified amounts and (ii) consummate certain asset sales which would have otherwise been prohibited under the terms of the Extended DIP Facility. The foregoing summary of certain material terms and the Extended DIP Facility and Amendment No. 1 thereto do not represent a complete summary of all of the material terms and conditions of the Extended DIP Facility or Amendment No. 1 thereto. For additional information, please refer to the Extended DIP Facility and Amendment No. 1 thereto, copies of which were filed as exhibits to the Company's Current Reports on Form 8-K on May 12, 2004 and July 26, 2004, respectively.

        On June 29, 2004, certain loan parties made mandatory prepayments of principal on the Extended DIP Facility in connection with the consummation of certain asset sales. As a result, the total commitment for the entire Extended DIP Facility was reduced to $998,951, with the total commitment of the Tranche A Loan being reduced to $799,055 and the total commitment of the Tranche B Loan being reduced to $199,896. As of June 30, 2004, $292,805 under the Tranche A Loan has been drawn and letters of credit totaling $114,550 have been issued under the Tranche A Loan, leaving availability of $391,700 under the Tranche A Loan. Furthermore, as of June 30, 2004, $199,896 under the Tranche B Loan has been drawn.

Co-Borrowing Credit Facilities

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002, various subsidiaries of the Company have entered into co-borrowing credit facilities with certain entities owned by the Rigas Family. Historically, the Company's financial statements reported borrowings attributable only to the Company under such co-borrowing credit facilities and provided footnote disclosure as to the total amount of borrowings permitted under such facilities without disclosing the amount of borrowings attributable to entities owned by the Rigas Family. As a result, the entire amount of indebtedness for which the Company's affiliates could be liable under the co-borrowing credit facilities was not reflected as indebtedness on the Company's historical financial statements.

11



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        As discussed in Note 1, at this time, PwC has not completed its audits of the Company's financial statements as of and for the years ended December 31, 2003, 2002 and 2001 and the Company is engaged in preparing restated financial statements as of and for the years ended December 31, 2000 and 1999. As disclosed in its Current Reports on Form 8-K filed on May 24 and June 10, 2002, after initial discussions with the SEC in early May 2002, the Company announced on May 24, 2002 that it had tentatively concluded that it would increase the Company's indebtedness by $2,846,156 to reflect the full amount of borrowings by entities owned by the Rigas Family for which subsidiaries of the Company are jointly and severally liable. Accordingly, the accompanying unaudited consolidated financial statements reflect an increase of $2,846,156 of such indebtedness of parent and subsidiary debt in liabilities subject to compromise with a corresponding receivable from such Rigas Entities reflected as a reduction in stockholders' equity. Since consultations are continuing with the SEC and PwC, and PwC has not yet completed its audit of the Company's financial statements, the accounting treatment for the increase in parent and subsidiary debt and the reduction in stockholders' equity for the corresponding receivable reflected in the accompanying unaudited financial statements has yet to be finalized. The final accounting treatment may result in a materially different treatment from that presented herein.

        On July 6, 2003, the Creditors' Committee filed an adversary proceeding against the Debtors' Pre-Petition Agents and Pre-Petition Secured Lenders (collectively, the "Defendants") on behalf of the Debtors and their estates seeking, among other things, to: (i) recover as fraudulent transfers the principal and interest paid by the Debtors to the Defendants; (ii) avoid as a fraudulent transfer the Debtors' obligation, if any, to repay the Defendants; (iii) recover damages for breaches of fiduciary duties to the Debtors and for aiding and abetting fraud and breaches of fiduciary duties by the Rigas Family; (iv) equitably disallow, subordinate or re-characterize each of the Defendants' claims in the Debtors' bankruptcy proceedings; (v) avoid and recover certain preferential transfers made to certain of the Defendants; and (vi) recover damages for violations of the Bank Holding Company Act. On July 29, 2003, the Bankruptcy Court entered a Stipulation and Order Regarding (a) the Creditors' Committee's Motion for Leave to Prosecute Claims and Causes of Action Against the Defendants, (b) the Equity Committee's Motion to Intervene in the Adversary Proceeding and (c) the Pre-Petition Agents' Responses in Opposition to the Motion of the Creditors' Committee and the Equity Committee and Alternative Motions to Dismiss the Creditors' Committee's Complaint. On July 31, 2003, the Equity Committee filed a motion seeking authority to file additional claims against the Pre-Petition Lenders. By decision and order of the Bankruptcy Court, on August 5, 2003, the Bankruptcy Court determined that the Creditors' Committee had met the applicable legal standards to assert claims on behalf of the Debtors. On or about October 3, 2003, certain of the Defendants filed objections to the Creditors' Committee's motion seeking standing to pursue the adversary proceeding filed against the Defendants. On or about January 13, 2004, the Creditors' Committee filed its memorandum of law in opposition to objections to standing and motions to dismiss. On or about June 4, 2004, the Pre-Petition Agents filed oppositions to the Equity Committee's Motion to Intervene. A hearing on the Motion has not been scheduled yet.

        In late March and early April 2004, each of the Debtors' Pre-Petition Agents filed adversary proceedings against the Debtors, seeking, among other things, a judicial determination of certain of their rights purusant to their respective credit agreements. The Debtors have not responded yet to any of these actions.

12



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

    Parent and Subsidiary Debt

        The following information is an update of certain disclosures relating to the book value of the Company's debt, as reflected on its books and records, included in Note 4 to Adelphia's consolidated financial statements contained in the Annual Report on Form 10-K as of and for the year ended December 31, 2000. The book value of such indebtedness does not necessarily reflect the amount of the claim of the holders' of such indebtedness in the Company's bankruptcy proceeding.

Parent Debt:

  June 30,
2004

91/4% Senior Notes due 2002   $ 325,000
81/8% Senior Notes due 2003     149,817
101/2% Senior Notes due 2004     150,000
71/2% Senior Notes due 2004     100,000
101/4% Senior Notes due 2006     487,698
97/8% Senior Notes due 2007     348,417
83/8% Senior Notes due 2008     299,438
73/4% Senior Notes due 2009     300,000
77/8% Senior Notes due 2009     350,000
93/8% Senior Notes due 2009     497,048
107/8% Senior Notes due 2010     745,316
101/4% Senior Notes due 2011     1,000,000
6% Convertible Subordinated Notes due 2006     1,024,924
31/4% Convertible Subordinated Notes due 2021     978,253
97/8% Senior Debentures due 2005     129,286
91/2% Pay-In-Kind Notes due 2004     31,847
   
  Total parent debt   $ 6,917,044
   

Subsidiary Debt:


 

 

Notes to banks   $ 3,970,532
Extended DIP Facility     493,323
105/8% Senior Notes of Olympus due 2006     202,243
11% Senior Subordinated Notes of FrontierVision Due 2006     207,953
117/8% Senior Discount Notes Series A of FrontierVision due 2007     244,639
117/8% Senior Discount Notes Series B of FrontierVision due 2007     89,953
Zero Coupon Senior Discount Notes of Arahova due 2003     412,601
91/2% Senior Notes of Arahova due 2005     250,590
87/8% Senior Notes of Arahova due 2007     245,371
83/4% Senior Notes of Arahova due 2007     219,168
83/8% Senior Notes of Arahova due 2007     96,046
83/8% Senior Notes of Arahova due 2017     94,924
Senior Discount Notes of Arahova due 2008     348,086
Other subsidiary debt and capital leases     159,852
   
  Total subsidiary debt   $ 7,035,281
   
  Total parent and subsidiary debt, exclusive of co-borrowing credit facilities     13,952,325
  Debt under co-borrowing credit facilities attributable to Rigas Entities     2,846,156
   
    $ 16,798,481
   

13



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        In connection with the Company's ongoing review of its books and records and other information, an adjustment was made for liabilities subject to compromise regarding classification of leases. For purposes of this report only, leases which are being paid on a current basis, have not been treated as liabilities subject to compromise.

        Total parent and subsidiary debt, exclusive of debt under co-borrowing credit facilities attributable to Rigas Entities, of $13,952,325 consists of liabilities subject to compromise of $13,421,601, bank financing under the Extended DIP Facility of $493,323 and capital leases of $37,401.

Weighted average interest rate payable by subsidiaries under credit agreements with banks   4.94 %

        On December 29, 2003, certain holders of prepetition convertible subordinated debt issued by Adelphia Communications Corporation ("ACC") and the Bank of New York, as trustee with respect to such debt, filed a lawsuit (the "X-Clause Litigation") against ACC seeking, among other things, a declaratory judgment stating that under the provisions of the applicable indentures, such holders are entitled to receive and retain their pro rata portion of payment on their claims to the extent that distributions are made to ACC's senior note holders in the form of Common Stock under any plan proposed in the chapter 11 cases. By order dated April 13, 2004, the Bankruptcy Court dismissed the X-Clause Litigation, without prejudice, because the issue presented was not ripe for decision.

Interest Expense

        Interest expense totaled $27,431 and $806,894 for the one and twenty-four month periods ended June 30, 2004, respectively, of which $12,312 and $313,681 is attributable to the Rigas Entities under co-borrowing credit facilities. In accordance with SOP 90-7, interest expense is reported only to the extent that it will be paid during Chapter 11 proceedings or will be allowed on a secured or unsecured claim. Had the Company not filed voluntary petitions under Chapter 11 of the Bankruptcy Code, the amount of interest expense that would have been reported in the unaudited consolidated statement of operations, for the one and twenty-four month periods ended June 30, 2004 is $89,053 and $2,291,156, respectively.

Other

        By order dated August 7, 2003, the Bankruptcy Court ordered that the Rigas Family could cause the Rigas Entities to pay on their behalf certain defense costs, not to exceed $15,000 in the aggregate. The order does not require any Debtor to advance funds of any Debtor's estate for such defense costs. Adelphia and the Creditors' Committee both appealed the order. The United States District Court for the Southern District of New York temporarily stayed the order. On September 2, 2003, the Bankruptcy Court approved a stipulation and order (the "Rigas Stipulation") between the Debtors, the Rigas Family and certain other parties that allowed the Rigas Entities to advance up to $15,000 in defense costs to the Rigas Family, acknowledged that certain Rigas Entities were in default under certain co-borrowing credit facilities and delegated certain management rights to the Company with respect to the Rigas Entities. On February 18, 2004, the Bankruptcy Court approved the request of the Rigas Family for an additional $12,800 for criminal defense costs only (the "February 18 Rigas Order"). The Debtors and Creditors' Committee appealed the February 18 Rigas Order. The Debtors' motion for a stay of the Bankruptcy Court's order, pending appeal in the District Court, was denied by the District Court. A decision on the appeal has not been made. As of June 30, 2004, the Rigas Entities had advanced $27,800 to the Rigas Family for defense costs in accordance with the Rigas Stipulation and the February 18 Rigas Order.

14



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

3. Correction in Accounting Policies and Practices / Provision for Accounting Changes

        Effective January 1, 2003, the Company, as part of its ongoing review of its historical books and records and its financial statements, corrected certain of its erroneous accounting policies and practices for Property, Plant and Equipment ("PP&E") relating to the capitalization of labor, labor-related costs, certain overhead costs, and certain materials (collectively, "Capitalized Costs") used in the maintenance of its cable systems. The erroneous capitalization of costs that were corrected included, among other things, Capitalized Costs for service calls and normal, ongoing maintenance to cable systems. Some of the items that had been capitalized included system electrical power, converter repairs, equipment repairs and maintenance contracts. The Company believes that the corrections were necessary in order to be in compliance with GAAP. At the time the Company filed its current report on Form 8-K dated February 25, 2003, the Company was still evaluating Capitalized Costs related to installation activities and internal construction (collectively, "Capitalized Installation and Construction Activities"). In April 2003, the Company corrected its erroneous accounting policies and practices related to Capitalized Installation and Construction Activities and recorded an adjustment of approximately $15,000 in the April 2003 accounting month to correct for these errors for the months of January through March 2003. These errors included the incorrect capitalization of reconnect and disconnect activities, which are prohibited by GAAP, as well as the improper capitalization or overcapitalization of certain overhead costs. This adjustment had the effect of increasing expenses and reducing capital expenditures in April 2003.

        The Company has not restated previously filed Adelphia Monthly Operating Reports and has not completed its review and analysis of its new accounting policies and practices for PP&E relating to Capitalized Costs, including Capitalized Installation and Construction Activities, on the financial statements for the years ended December 31, 2003, 2002, 2001, 2000 and 1999. However, the Company has recorded total adjustments of $144,000 in 2002 for estimated corrections in accounting polices and practices, comprised of (i) a May 2002 adjustment expensing approximately $21,000 for certain costs erroneously capitalized under Rigas Management accounting policies and practices, (ii) a December 2002 adjustment expensing approximately $21,000 for certain costs erroneously capitalized under Rigas Management accounting policies and practices, and (iii) an estimated provision for accounting changes of $51,000 in June 2002 and $8,500 per month from July 2002 through December 2002.

        The Company estimates that the new accounting policies and practices relating to Capitalized Costs, including Capitalized Installation and Construction Activities, for PP&E will materially increase expenses and decrease capital expenditures as compared to the accounting policies and practices of the Company under Rigas Management. The impact of the new accounting policies and practices relating to Capitalized Costs, including Capitalized Installation and Construction Activities, for PP&E on the Company's results of operations will vary based upon levels of activities. Furthermore, the Company is currently unable to determine the impact on depreciation expense attributable to these corrections for any period since the adjustments to the historical costs of PP&E for 2003, 2002, 2001, 2000 and 1999 have not yet been finalized. The impact of these changes and any other further changes will likely be material.

        Additionally, management has not completed its overall review of the Company's historical books and records, accounting policies and practices and financial statements, and accordingly, the Company may record additional adjustments for corrections in erroneous accounting policies and practices in addition to those adjustments already recorded for PP&E, and such adjustments may be material.

15



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        PwC has not completed its audit of the Company's books for any period and their audit could result in further adjustments to the Company's results of operations and those adjustments could be material.

4. Liabilities Subject to Compromise

        As discussed in Note 1 to the accompanying unaudited consolidated financial statements, the Company has been operating as a debtor-in-possession under Chapter 11 of the Bankruptcy Code since June 25, 2002. The Company is authorized to operate its business in the ordinary course pursuant to Chapter 11 of the Bankruptcy Code.

        Due to the commencement of the Chapter 11 cases and the Company's failure to comply with certain financial covenants, the Company is in default on substantially all of its pre-petition debt obligations. As a result of the Chapter 11 filing, all actions to collect the payment of pre-petition indebtedness are subject to compromise or other treatment under a plan or plans of reorganization. Generally, actions to enforce or otherwise effect payment of pre-Chapter 11 liabilities are stayed. However, as part of the first day orders and subsequent motions granted by the Bankruptcy Court, the Bankruptcy Court approved Adelphia's motions to pay certain pre-petition obligations including, but not limited to, employee wages, salaries, commissions, incentive compensation and other related benefits. The Company has been paying and intends to continue to pay undisputed post-petition claims in the ordinary course of business. In addition, the Company may assume or reject pre-petition executory contracts and unexpired leases with the approval of the Bankruptcy Court. Unless otherwise agreed to by the parties, the cost of curing any pre-petition executory contract or unexpired lease is borne by the Debtors. Any damages resulting from the rejection of executory contracts and unexpired leases are treated as general unsecured claims and will be classified as liabilities subject to compromise. By order dated October 24, 2003 (the "Bar Date Order"), the Bankruptcy Court established a bar date for filing proofs of claim against the Debtors' estates of the later of January 9, 2004 at 5:00 P.M. (Eastern Time) or 30 days after the date upon which the Debtors amend their respective Schedules of Liabilities or the Bankruptcy Court enters a rejection order. A bar date is the date by which proofs of claims must be filed if a claimant disagrees with how such claimant's claim appears on the Debtor's Schedules of Liabilities. The Company provided notice to all known claimants of the bar date and their need to file a proof of claim with the Bankruptcy Court. The aggregate amount of claims filed with the Bankruptcy Court far exceeds the Debtors' estimate of ultimate liability. The Debtors believe that many of these claims are duplicative, based upon contingencies that have not occurred, or otherwise are overstated, and are therefore invalid. Differences between amounts recorded by the Debtors and claims filed by creditors are being investigated and resolved in connection with the Debtors' claims resolution process. That process has commenced and, in light of the number of claims asserted, will take significant time to complete. Accordingly, the ultimate number and allowed amounts of such claims are not presently determinable. On July 31, 2003, each Debtor filed with the Bankruptcy Court its Schedules of Liabilities and Statement of Financial Affairs. On or about October 8, 2003, each Debtor filed its First Amendment to its Schedules of Liabilities and Statement of Financial Affairs. On or about October 24, 2003, certain of the Debtors filed a Second Amendment to their respective Schedules of Liabilities. Between February 27 and March 1, 2004, each Debtor filed its Schedules of Assets and February 2004 Amendments to Schedules of Liabilities and Executory Contracts and February 2004 Amendments to the Statement of Financial Affairs. On April 23, 2004 one of the Debtors filed its April 2004 Amendments to its Schedules of Liabilities.

        As of June 30, 2004, the Company had liabilities subject to compromise of $46,079,187. Liabilities subject to compromise have been reported in accordance with SOP 90-7. Such amounts may be subject to future adjustments depending on Bankruptcy Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, or other events. Such adjustments may be material to the amounts reported as liabilities subject to compromise.

        Valuation methods used in Chapter 11 reorganization cases vary depending on the purpose for which they are prepared and used and are rarely based on GAAP, the basis of which the accompanying financial statements are prepared, unless otherwise noted. Accordingly, the values set forth in the accompanying unaudited consolidated financial statements are not likely to be indicative of the values presented to or used by the Bankruptcy Court.

16



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

5. Non-Recurring Professional Fees and Reorganization Expenses Due to Bankruptcy

        The Company is incurring certain non-recurring professional fees that, although not directly related to the Chapter 11 filing, relate to the Company's reorganization and have been incurred in response to the actions taken by Rigas Management. These expenses include the re-audit, legal, special investigation and forensic consultant fees of the Company and the Special Committee of the Board of Directors and have been included in non-recurring professional fees in the accompanying unaudited consolidated statements of operations. Based on the Company's interpretation of SOP 90-7, only those fees directly related to the Chapter 11 filing should be expensed and included in reorganization expenses due to bankruptcy in the unaudited consolidated statements of operations. These expenses include legal, restructuring and financial consultant fees for the Company and for Committee representatives.

6. Accounts Payable, Accrued Expenses and Other Liabilities

        To the Company's knowledge, all undisputed post-petition trade payables are current and all premiums for insurance policies, including all workers' compensation and disability insurance policies, required to be paid are fully paid as of June 30, 2004.

        As stated in Note 1, the Company is reviewing its books and records and other information on an ongoing basis to determine whether the accompanying unaudited consolidated financial statements should be supplemented or otherwise amended. Management is currently performing a review to substantiate the completeness of all liabilities. Such review is ongoing and may result in additional adjustments to the accompanying unaudited consolidated financial statements.

7. Preferred Stock

        In accordance with the accounting direction provided in SOP 90-7, the Company has discontinued accruing for its preferred stock dividends as of June 25, 2002, the filing date of the Chapter 11 cases. Had the Company not filed voluntary petitions under Chapter 11 of the Bankruptcy Code, preferred stock dividends would have been $5,750 and $138,000 for the respective one and twenty-four month periods ended June 30, 2004.

        On August 11, 2003, the Debtors initiated an adversary proceeding against the holders of various series of preferred stock of Adelphia (the "Preferred Stockholders"), seeking, among other things, to enjoin the Preferred Stockholders from exercising certain purported rights to elect directors to the Board of Directors due to Adelphia's failure to pay dividends and alleged breaches of debt-like covenants contained in the Certificates of Designations relating to the preferred stock. On August 13, 2003, certain of the Preferred Stockholders filed an action in the Delaware Chancery Court seeking a declaratory judgment of their purported right to appoint two directors to the Board of Directors (the "Delaware Action"). On August 13, 2003, the Bankruptcy Court granted the Debtors a temporary restraining order, which, among other things, stayed the Delaware Action and temporarily enjoined the Preferred Stockholders from exercising their purported rights to elect directors to the Board of Directors. Thereafter, the Delaware Action was withdrawn.

17



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

8. Intercompany Receivables and Payables

        The accompanying unaudited consolidated financial statements include intercompany receivables and payables related to all of Adelphia's majority-owned subsidiaries and subsidiaries that are at least 50% owned and controlled by the Company. The intercompany receivables and payables are presented at the gross amount with the total receivables balance included in assets and the total intercompany payables balance included in liabilities in the accompanying unaudited consolidated balance sheet. Intercompany payables have been segregated between pre- and post- bankruptcy petition and none of the intercompany balances have been collateralized (other than certain post-bankruptcy petition intercompany receivables that are required to be collateralized under the terms of the Extended DIP Facility until such time as such intercompany receivables are paid). The intercompany balances do not net to zero as the Non-Filing Entities and CMLCV have not been included in the accompanying consolidated financial statements, as discussed in Note 1.

9. Related Party Receivables and Payables

        Related party receivables and payables represent advances to and payables from certain related parties, including TelCove and entities owned and/or controlled by the Rigas Family. Related party receivables and payables are presented at the gross amount with the total receivable balance included in assets and the payables included in the liabilities in the accompanying unaudited consolidated balance sheet. Related party payables have been segregated between pre- and post-bankruptcy petition, and none of the related party balances have been collateralized. Management is continuing to evaluate the proper classification and recoverability of related party receivables and may record reserves against such receivables in the future.

10. Cash and Cash Equivalents and Restricted Cash

        The Company considers all highly liquid investments with a maturity date of three months or less to be cash equivalents.

        As of June 30, 2004, the Company has restricted cash of $29,159 for the payment of franchise obligations, as required by an agreement with the Company's insurance provider. Also included in restricted cash is $3,591 related to revenue received from customers which was placed in trust as a result of a dispute arising from the acquisition of certain cable systems from Verizon Media Ventures, Inc. The remainder of the restricted cash balance consists of cash collateral supporting obligations under certain of the Company's franchise agreements and surety bonding obligations.

11. Subscriber Receivables

        Subscriber receivables consist of monthly amounts due from the Company's customers and are reported net of allowance for doubtful accounts of $14,302.

18



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

12. Prepaid Expenses and Other Assets—Net

        Included in other assets—net are unamortized deferred financing fees of $154,981 relating to pre-petition debt obligations. Such amounts are not currently being amortized. See Note 4 to these unaudited consolidated financial statements for further discussion. SOP 90-7 requires that in cases where the underlying debt becomes an allowed claim and the allowed claim differs from the net carrying amount of the debt, the amount of the debt will be adjusted for any unamortized deferred loan fees to equal the value of the allowed claim. Any gain or loss from such adjustments to the underlying debt as compared to the allowed claim will be reflected in the statement of operations.

13. Other-than-Temporary Impairment of Investments, Long-Lived Assets and Certain Other Assets

        As discussed in Note 1, the Company is reviewing its books and records and other information on an ongoing basis to determine whether the accompanying unaudited consolidated financial statements should be supplemented or otherwise amended. Additionally, as discussed in Note 1, PwC has not completed its audit as of and for the years ended December 31, 2003, 2002 and 2001 or its re-audit as of and for the years ended December 31, 2000 and 1999. The Company is performing an evaluation of impairment related to several investments and long-lived and certain other assets. This evaluation includes a review of the accounting treatment when the transaction originated and a review of the accounting subsequent to the date of origination, including periodic evaluations for impairment. These evaluations may result in adjustments to the unaudited consolidated financial results contained herein and financial statements as of and for the periods ended December 31, 2003, 2002, 2001, 2000 and 1999. The adjustments may be material to these periods.

        Listed below are certain investments and other assets for which (with the exception of property, plant and equipment and intangible assets) the Company has recorded an asset impairment charge during the twenty-four month period ended June 30, 2004. All adjustments to be made to prior periods as a result of the Company's restatement of prior year financial statements have not been reflected in the unaudited consolidated financial statements contained herein pending the completion of the audit as of and for the years ended December 31, 2003, 2002 and 2001 and the re-audits as of and for the years ended December 31, 2000 and 1999.

19



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        The tables below present the impairment of long-lived and other assets and other than temporary impairment of investments and other assets that have been recorded by the Company since July 1, 2002.

 
  Twenty-four
Months Ended
June 30, 2004

Impairment of Long-Lived and Other Assets:      
Internal Operations, Call Center and Billing System   $ 63,910
Competitive Local Exchange Carriers     8,224
   
    $ 72,134
   
Other-than-Temporary Impairment of Investments and Other Assets:      
Buffalo Sabres     68,612
Interactive Digital TV Investments     1,697
Praxis Capital Ventures, L.P.     2,600
   
    $ 72,909
   

Internal Operations, Call Center and Billing System

        From 1998 through mid-2002, the Company was developing an internal operations, call center and billing system known as "Convergence." After careful evaluation of the functionality and usability of Convergence, the Company decided not to pursue continued rollout and terminated additional funding for the system. In October 2002, the Company recognized an impairment charge related to the abandonment of the Convergence system in the amount of $63,910. Additional adjustments totaling $7,610 were recorded in October to reclassify payroll and other operating expenses improperly capitalized during 2002. The Company's remaining investment in this system of approximately $30,000 will be adjusted in connection with the restatement of its prior year financial statements.

Closure of the CLECs

        In August 2002, the Company filed a motion with the Bankruptcy Court for approval to close operations in 14 markets that were served by the Company's CLECs. The CLECs provided local telephone service to certain geographic markets and competed with local telephone exchange carriers. The Company's Board of Directors approved the closure, and approval was granted by the Bankruptcy Court by order dated September 25, 2002. The Company expects that, in connection with the restatement of its financial statements for prior periods, the property, plant and equipment associated with these CLECs will be written down by approximately $100,000. The remaining net book value of the property, plant and equipment of approximately $20,000 was depreciated over its estimated remaining useful life beginning in November 2002 through April 2003. Furthermore, in November 2002, the Company recognized an additional impairment of $6,873 on certain of its CLEC assets and recorded a reserve on its CLEC trade accounts receivables of $1,351.

20



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Buffalo Sabres

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002, the Company had entered into various arrangements with Niagara Frontier Hockey, L.P. ("NFHLP"), a Delaware limited partnership owned by the Rigas Family. Among other assets, NFHLP owned the Buffalo Sabres, a National Hockey League team. The Company made approximately $165,000 of loans and advances, including accrued interest, to NFHLP and its subsidiaries. In November 2002, the Company recognized impairments of those loans and advances of $31,447. On January 13, 2003, NFHLP and certain of its subsidiaries (the "Niagara Debtors") filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Western District of New York (the "NFHLP Bankruptcy Court").

        On or about March 13, 2003, certain of the Niagara Debtors entered into an Asset Purchase Agreement with Hockey Western New York LLC for the sale of certain assets and assumption of certain liabilities of NFHLP. In March 2003, the Company recognized an additional impairment of $37,922 as a result of the then pending sale of certain assets, including the Buffalo Sabres, and assumption of certain liabilities of NFHLP. On April 23, 2003, the sale was completed. The Company did not recover any of its loans and advances in NFHLP from such sale. The March 2003 impairment charge, combined with the November 2002 charge, and with anticipated adjustments related to restatement of the Company's prior year financial statements, completely wrote off the Company's loans and advances in NFHLP and its subsidiaries. On or about August 14, 2003, the NFHLP Bankruptcy Court approved the Niagara Debtors' Disclosure Statement. On September 25, 2003, the NFHLP Bankruptcy Court approved the NFHLP joint plan of liquidation. The Niagara Debtors filed a complaint, dated November 4, 2003, against, among others, the Company and the Creditors' Committee seeking to enforce certain purported rights against the Company and the Creditors' Committee related to the waiver of the Company's claims. Certain of the Niagara Debtors' prepetition lenders have intervened and filed cross-claims against the Company and the Creditors' Committee. A hearing on the complaint or the cross-complaint has not been scheduled.

Interactive Digital TV Investments

        The Company has investments in interactive digital TV product ventures. In December 2002, the Company recognized a loss of $1,697 for declines in investment value deemed other than temporary.

Praxis Capital Ventures, L.P.

        As disclosed in the Company's Current Report on Form 8-K filed on May 24, 2002 the Company entered into certain transactions with Praxis Capital Partners, LLC ("Praxis Capital"), a Delaware limited liability company and Praxis Capital Management, LLC, a Delaware limited liability company, through Praxis Capital Ventures, L.P. ("PCVLP"), a Delaware limited partnership in which ACC Operations, Inc. (a wholly-owned Company subsidiary) is a 99.5% Limited Partner. Formed in June 2001, PCVLP focused on private equity investments in the telecommunications market. At June 30, 2002, the net book value of the Company's portion of these investments was approximately $1,247. In addition, the Company had recorded $1,053 of prepaid management service fees to PCVLP. The Company has recorded reserves totaling $2,600 related to PCVLP. The Company is continuing to evaluate the PCVLP investments, which consist primarily of investments in private companies whose securities have no actively traded market. By order dated October 20, 2003, the Debtors rejected the partnership agreement with Praxis Capital.

21



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        Peter L. Venetis, the son-in-law of John J. Rigas and a former director of the Company, is the managing director of Praxis Capital Management, LLC.

Devon Mobile Communications, L.P.

        Pursuant to the Agreement of Limited Partnership of Devon Mobile Communications, L.P. ("Devon Mobile"), dated as of November 3, 1995, the Company owned a 49.9% limited partnership interest in Devon Mobile, a Delaware limited partnership which, through its subsidiaries, held licenses to operate regional wireless telephone businesses in several states. Devon Mobile had certain business and contractual relationships with the Company and with former subsidiaries or divisions of the Company that were spun-off as TelCove in January 2002. In late May 2002, the Company notified Devon G.P., Inc., the General Partner of Devon Mobile, that it would likely terminate certain discretionary operational funding to Devon Mobile. In July 2002, the Company understood that its former subsidiary, TelCove, elected to terminate certain services significant to Devon Mobile's operations. Devon Mobile filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code with the Bankruptcy Court (the "Devon Bankruptcy Court") on August 19, 2002. In July 2002, the Company recorded an asset impairment reserve against the investment in and receivables from Devon Mobile of $1,221 and $53,646, respectively. In November 2002, the Company refined its evaluation of exposure to Devon Mobile and recorded additional impairments of $51,087, which related primarily to the Company's guarantee of certain obligations of Devon Mobile, other receivables from Devon Mobile, and an incremental investment in Devon Mobile that is expected to result from the Company's restatement of prior year financial information. All such impairments are included in equity in losses of affiliates—net in the accompanying unaudited consolidated statements of operations. As of November 2002, the Company has fully reserved for its investment and receivables in Devon Mobile.

        On January 17, 2003, the Company filed proofs of claim against Devon Mobile and its subsidiaries for approximately $130,100 in debt and equity claims, as well as an additional claim of approximately $34,000 relating to its guarantee of certain Devon Mobile obligations (collectively, the "Company Claims"). On June 23, 2003, Devon filed a disclosure statement for the joint plan of liquidation (the "Disclosure Statement"). On or about July 25, 2003, the Devon Bankruptcy Court approved the Disclosure Statement. By order dated October 1, 2003, the Devon Bankruptcy Court confirmed Devon's first amended joint plan of liquidation (the "Devon Plan"). The Devon Plan went effective on October 17, 2003, at which time the Company's limited partnership interest in Devon Mobile was extinguished. According to the Disclosure Statement, Devon Mobile and the Official Committee of Unsecured Creditors appointed in the Devon Mobile chapter 11 cases disagree with the Company Claims and intend to file an objection seeking an order eliminating such claims in their entirety. As of the date hereof, Devon Mobile has not objected to the Company Claims. On or about January 8, 2004, Devon Mobile filed proofs of claim in the Company's Chapter 11 cases in respect of, among other things, certain transfers alleged to be made by Devon Mobile to the Company prior to the commencement of the Company's Chapter 11 cases (the "Devon Claims"). On May 20, 2004, the Company and Devon Mobile filed a stipulation in the Company's Chapter 11 cases granting Devon Mobile limited relief from the automatic stay to (i) file a complaint against the Company in respect of the Devon Claims and (ii) file objections to the Company Claims in the Devon Bankruptcy Court (the "Devon Stay Stipulation"). The Devon Stay Stipulation was approved by the Bankruptcy Court on June 10, 2004. On June 21, 2004, Devon Mobile filed a complaint in the Company's Chapter 11 cases in respect of the the Devon Claims.

22



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

Property, Plant and Equipment, and Intangible Assets

        As stated previously, the Company's property, plant and equipment and intangible assets are currently being evaluated by management for asset impairment and other issues. These issues include the ownership of assets, prior capitalization policies, estimated useful lives, amounts allocated to specific assets in connection with acquisitions, and impairment. The complete results of these evaluations are unknown at this time but could result in material adjustments to the net book value of property, plant and equipment and intangible assets at December 31, 2003, 2002, 2001, 2000 and 1999, as well as results of operations for the periods then ended.

        As more fully discussed in Note 3, the Company has corrected many of its erroneous accounting policies and practices for PP&E with respect to the accounting for Capitalized Costs and Capitalized Installation and Construction Activities for the eighteen months ended June 30, 2004. The Company is continuing its review of the historical books and records and other information; accordingly, these issues should not be considered the only issues related to these assets that are under evaluation by the Company, and the Company reserves the right to amend, update or supplement this information.

14. Net Loss Per Weighted Average Share of Common Stock

        Basic net loss per weighted average share of common stock is computed based on the weighted average number of common shares outstanding after giving effect to dividend requirements on the Company's preferred stock (see Note 7). Diluted net loss per common share is equal to basic net loss per common share because the Company's convertible preferred stock and outstanding stock options do not have a dilutive effect for the periods presented. In the future, however, the convertible preferred stock and outstanding stock options could have a dilutive effect on earnings per share.

15. Supplemental Cash Flow Information

        Cash payments for interest were $29,250 and $764,953 for the one and twenty-four month periods ended June 30, 2004, respectively. Included in these amounts are cash payments made by the Company on behalf of the Rigas family entities of $11,896 and $324,112 for the one and twenty-four month periods ended June 30, 2004, respectively, for interest on the co-borrowing credit facilities. Such payments are included in the related party receivables and payables, net in the accompanying unaudited consolidated statements of cash flows.

16. EBITDA

        The following is a summary of Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") from the accompanying unaudited consolidated statements of operations for the one and twenty-four month periods ended June 30, 2004. EBITDA is an alternative performance measure that is customarily used by companies that own, operate and manage cable television systems and other related telecommunications businesses. Management believes that EBITDA provides an alternative measure that is useful in evaluating the Company's liquidity. EBITDA is not a performance measure in accordance with GAAP and the use of EBITDA is not meant to replace or supercede any information presented in accordance with GAAP.

23



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

        Presented below is a reconciliation of EBITDA to net loss and net cash provided by operating activities as presented in the accompanying unaudited consolidated financial statements.

        Reconciliation of EBITDA to Net loss from continuing operations:

 
  Month Ended
June 30, 2004

  Twenty-four
Months Ended
June 30, 2004

 
EBITDA   $ 92,689   $ 1,553,525  
Adjustments to reconcile EBITDA to net loss from continuing operations:              
  Depreciation and amortization     (90,217 )   (1,844,112 )
  Interest expense     (27,431 )   (806,894 )
  Income tax benefit         35  
   
 
 
Net loss from continuing operations   $ (24,959 ) $ (1,097,446 )
   
 
 

        Reconciliation of EBITDA to Net Cash Provided by Operating Activities

 
  Month Ended
June 30,
2004

  Twenty-four
Months Ended
June 30,
2004

 
EBITDA   $ 92,689   $ 1,553,525  
Adjustments to reconcile EBITDA to net cash provided by operating activities:              
Amortization of bank financing costs     2,322     43,361  
Impairment of long-lived and other assets         72,134  
Other-than-temporary impairment of investments and other assets         72,909  
Minority interest in losses of subsidiaries—net     (6,459 )   (21,598 )
Equity in losses of affiliates, net     224     108,453  
Gain on sale of assets—net         (8,642 )
Depreciation, amortization and other non-cash items from discontinued operations         46,366  
Other non-cash items         3,856  
Reorganization expenses due to bankruptcy     5,403     174,498  
Non-recurring professional fees, net of amounts paid     (5,527 )   33,170  
Change in Assets and Liabilities:              
  Subscriber receivables—net     (868 )   (10,350 )
  Prepaid expenses—net     6,690     (1,072 )
  Other assets—net     (5,576 )   (59,901 )
  Accounts payable     (19,268 )   14,408  
  Subscriber advance payments and deposits     17,393     30,505  
  Accrued interest and other liabilities     11,660     250,910  
  Liabilities subject to compromise         (106,117 )
  Intercompany receivables and payables—net     459     (22,120 )
Reorganization expenses paid during the period     (9,884 )   (142,346 )
Interest expense     (27,431 )   (806,894 )
Income tax benefit         35  
Discontinued operations         (46,139 )
   
 
 
Net cash provided by operating activities   $ 61,827   $ 1,178,951  
   
 
 

24



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

17.   TelCove Spin-off and Bankruptcy Proceedings

        Adelphia Business Solutions, Inc., which currently conducts business under the name TelCove ("TelCove"), was a consolidated subsidiary of Adelphia as of December 31, 2001. TelCove owns, operates and manages entities which provide CLEC telecommunications services. On January 11, 2002, the Company distributed in the form of a dividend, all of the shares of common stock of TelCove owned by Adelphia to holders of Adelphia's Class A and Class B common stock (the "Spin-off"). As a result of the Spin-off, the Rigas Family held a majority of the total voting power of TelCove common stock. The distribution of TelCove common stock was recorded on the date of the Spin-off. Accordingly, the accompanying unaudited consolidated financial statements do not include the accounts of TelCove. On March 27, 2002, TelCove and certain of its direct subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On December 19, 2003, the Bankruptcy Court entered an order confirming TelCove's Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code, dated December 18, 2003.

        Prior to the TelCove Spin-off (and in some circumstances following the TelCove Spin-off), Adelphia and TelCove (i) shared certain collocation space, real property interests, fiber-optic cable assets, strands and network infrastructure and related equipment (collectively, the "Shared Assets"); (ii) engaged in joint undertakings, including the construction and overlash of fiber-optic cable networks and facilities, necessary for the construction and operation of a telecommunications network and cable network; and (iii) provided one another with certain services that are or were crucial to the operation of each other's businesses (the "Shared Services").

        In order to reduce the Company's dependence on TelCove for access to certain collocation space, real property interests, fiber-optic cable assets, strands and network infrastructure and related equipment shared by the Company and TelCove (the "Shared Assets") and certain services, provided by the Company and TelCove to one another that are or were crucial to the operation of each others' businesses (the "Shared Services"), as well as to gain operational independence from TelCove and validate and memorialize the ownership of the Shared Assets, on December 3, 2003, the Debtors and TelCove entered into a Master Reciprocal Settlement Agreement pursuant to which the parties, among other things, memorialized their agreement relating to their ownership and use of the Shared Assets. On March 23, 2004, the Bankruptcy Court approved the Master Reciprocal Settlement Agreement.

        In the TelCove plan of reorganization and the related disclosure statement, TelCove alleged that it had substantial claims against the Company totaling more than $1,000,000 (the "Alleged Claims"). On November 25, 2003, the Company filed a proof of claim for administrative expenses against TelCove in the approximate amount of $71,000 (collectively, "Adelphia's Administrative Claims").

        On February 21, 2004, the parties executed a global settlement agreement (the "Global Settlement") which resolves, among other things, the Alleged Claims, Adelphia's Administrative Claims, and TelCove's alleged counterclaims and defenses thereto. The Global Settlement provides that on the closing date, the Company will transfer to TelCove certain settlement consideration, including, $60,000 in cash, plus an additional payment of up to $2,500 related to certain outstanding payables, as well as certain vehicles, real property and intellectual property licenses used in the operation of TelCove's businesses. Additionally, the parties will execute various annexes to the Global Settlement which provide, among other things, for (i) a five-year business commitment to TelCove by the Company; (ii) future use by TelCove of certain fiber capacity in assets owned by the Company and (iii) the mutual release by the parties from any and all liabilities, claims and causes of action which either party has or may have against the other party. Finally, the Global Settlement provides for the transfer by the Company to TelCove of certain CLEC market assets together with the various licenses, franchises and permits related to the operation and ownership of such assets. On March 23, 2004, the Bankruptcy Court approved the Global Settlement.

        On April 7, 2004, the Company paid $57,941 to TelCove and transferred the economic risks and benefits of the CLEC market assets to TelCove pursuant to the terms of the Global Settlement. The transfer of the CLEC market assets will be formalized upon receipt of regulatory approvals. An additional $2,594 is payable to TelCove pursuant to the Global Settlement subject to the release of certain claims.

25



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

18.   Century-ML Cable Venture Bankruptcy Filing

        On September 30, 2002, CMLCV, a 50/50 joint venture between Century and ML Media Partners, L.P. ("ML Media") filed a voluntary petition to reorganize under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. This bankruptcy proceeding is administered separately from that of Adelphia. CMLCV is operating its business as a debtor-in-possession and is continuing to serve its subscribers in three communities in Puerto Rico. At this time, CMLCV is expected to generate sufficient cash to fund foreseeable operations and capital requirements. The CMLCV Chapter 11 filing is not expected to have a material impact on the operations of CMLCV's subsidiary, Century-ML Cable Corporation, which serves communities in Puerto Rico.

        CMLCV, since October 2002, has been filing a separate monthly operating report with the Bankruptcy Court. As more fully disclosed in CMLCV's separate Monthly Operating Report, there is litigation pending in the Bankruptcy Court between ML Media and CMLCV, Century, the Company and Highland Holdings, L.P. ("Highland"), a Rigas Family partnership. In connection with the parties' December 13, 2001 Leveraged Recapitalization Agreement ("Recap Agreement"), there is a pre-petition dispute relating primarily to an alleged secured obligation in the amount of $279,800 to ML Media for its 50% ownership in CMLCV. If there is an adverse outcome against the Company relating to this litigation, the Company may be required to pay $279,800 to ML Media for its 50% ownership in CMLCV, as well as interest and other amounts that may result from the outcome of this litigation, or Century may be required to surrender its 50% ownership in CMLCV to ML Media. A hearing was held on September 24, 2002, and a decision was rendered on January 17, 2003, wherein the Bankruptcy Court; (i) denied all of the parties' motions for summary judgment on the issue of whether there has been an acceleration of the September 30, 2002 closing date under the Recap Agreement, except that the Bankruptcy Court (ii) found "as a matter of law, that, assuming that the Recap Agreement is enforceable, payment by the Company was due on September 30, 2002 and payment by Adelphia, Century and Highland was due on October 1, 2002, one day later, and that, having failed to make payment, each of the Company, Century and Highland is now in default." The Bankruptcy Court granted summary judgment only to such extent.

        In a decision and order dated March 31, 2003, the Bankruptcy Court denied ML Media's request to become manager of CMLCV's cable systems. In a decision and order dated April 21, 2003, the Bankruptcy Court denied ML Media's motion to dismiss the CMLCV bankruptcy petition, rejecting ML Media's claim that Century improperly filed the petition without ML Media's consent. On September 5, 2003, a hearing was held to determine whether ML Media's motions to dismiss and for summary judgment should be granted. Although the Bankruptcy Court has not yet issued a written decision on the motions, at a status conference held on April 15, 2004, the Court announced that it would be issuing a decision in which it would (a) dismiss all of the counterclaims of Adelphia and Century except for aiding and abetting of a breach of fiduciary duties, and (b) dismiss all of the Venture's counterclaims except for constructive fraudulent conveyance. On September 17, 2003, the Bankruptcy Court entered an order authorizing Adelphia's and Century's rejection of the Recap Agreement.

        On May 12, 2003, the Bankruptcy Court directed ML Media, Century, Adelphia and Highland to enter into mediation to resolve the dispute. Settlement discussions between Adelphia and ML Media are continuing.

        No accrual for the outcome of the above described litigation is included in the accompanying unaudited financial statements.

        By order dated December 2, 2003, the Bankruptcy Court established a bar date for filing proofs of claim against CMLCV's estate of January 15, 2004 at 5:00 P.M. (Eastern Time).

        On March 17, 2004, ML Media presented a non-binding written indication of interest (the "Vaughn Indication of Interest") for the acquisition of 100% of CMLCV by an investor group led by James C. Vaughn (the "Vaughn Group"). The Vaughn Indication of Interest contemplated a purchase price, subject to adjustment as a result of due diligence, of $625 million, plus the amount of CMLCV's working capital at closing, less the remaining cost of the pending rebuild of CMLCV's cable systems. Century was not involved in the negotiation of the Vaughn Indication of Interest and neither Century nor ML Media is bound by it. On April 13, 2004, Century and the Vaughn Group entered into a confidentiality agreement with respect to the delivery of due diligence materials. At a status conference on April 15, 2004, the Bankruptcy Court instructed Century to begin delivery of due diligence materials to the Vaughn Group and Century has been delivering such materials in accordance with its instructions. ML Media and Century are also exploring other potential transactions relating to CMLCV.

26



ADELPHIA COMMUNICATIONS CORPORATION, et. al.

(DEBTORS-IN-POSSESSION)

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands)

19.   Statistical information

        The table below provides information on the number of basic customers, digital customers and high speed internet customers as of June 30, 2004 and May 31, 2004. As further described in its Current Report on Form 8-K filed May 25, 2003, the Company corrected the methodology for calculating customers previously used; therefore, the customer data set forth below may not be comparable to customer data reported prior to such correction.

 
  Filing
Entities

  Brazil
  CMLCV and
St. Marys

  Rigas
Entities

  Total
June 30, 2004:                    
Basic customers   4,957,219   48,000   143,338   232,172   5,380,729
Digital customers   1,864,555     67,233   83,558   2,015,346
High speed internet customers   1,164,310   3,769   3,492   69,595   1,241,166
   
 
 
 
 

Total revenue generating units

 

7,986,084

 

51,769

 

214,063

 

385,325

 

8,637,241
   
 
 
 
 

May 31, 2004:

 

 

 

 

 

 

 

 

 

 
Basic customers   4,973,177   48,000   142,760   233,037   5,396,974
Digital customers   1,842,198     67,026   82,296   1,991,520
High speed internet customers   1,140,970   3,769   2,957   68,455   1,216,151
   
 
 
 
 

Total revenue generating units

 

7,956,345

 

51,769

 

212,743

 

383,788

 

8,604,645

        The table below provides information on the percentage of homes passed which have been rebuilt to a bandwidth of 550 MHZ two-way or greater as of June 30, 2004.

Filing
Entities

  Brazil
  CMLCV and
St. Marys

  Rigas
Entities

  Total
 
94.8 % 99.4 % 36.6 % 99.4 % 93.4 %

20.   Bankruptcy Court Reporting Schedules

        The Bankruptcy Court reporting schedules included in this report beginning on page 27 are for the period from June 1 through June 30, 2004 and have been prepared for the purpose of filing with the Bankruptcy Court and are not required by GAAP. The accompanying Bankruptcy Court reporting schedules, as with all other information contained herein, have been obtained from the books and records of the Company and are unaudited.

27



ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Summary

 
  For the
Month Ended
June 30, 2004

  Reference
Gross wages paid   $ 46,854,222   Schedule I
Employee payroll taxes withheld     10,754,729   Schedule I
Employer payroll taxes due     3,510,346   Schedule I
Payroll taxes paid*     22,084,577   Schedule II*
Sales and other taxes due     6,876,142   Schedule III
Gross taxable sales     85,260,891   Schedule III
Real estate and personal property taxes paid     610,312   Schedule IV
Sales and other taxes paid     6,546,275   Schedule V
Cash disbursements     377,781,482   Schedule VI
Insurance coverage     N/A   Schedule VII

*
The amount reported above for payroll taxes paid is based upon the date paid and not the date due.

28


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule I

Court Reporting schedules for Payroll and Payroll Taxes
for the Month Ended June 30, 2004

Week Ending Date

  Gross
Wages Paid

  Employee Payroll
Taxes Withheld

  Employer Payroll
Taxes Due

June 11, 2004   22,495,529   4,948,321   1,654,944
June 25, 2004   24,358,693   5,806,408   1,855,402
   
 
 
Total   46,854,222   10,754,729   3,510,346
   
 
 

29


    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule II

 

Page 1 of 3

 

 

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended June 30, 2004

 

 

Payee


 

Payroll Taxes
Paid


 

Payment Date

INTERNAL REVENUE SERVICE   6,168,056   06/01/04
STATE OF ALABAMA   4,697   06/01/04
STATE OF ARIZONA   2,752   06/01/04
STATE OF CALIFORNIA   196,922   06/01/04
STATE OF COLORADO   60,936   06/01/04
STATE OF CONNECTICUT   10,161   06/01/04
STATE OF GEORGIA   7,094   06/01/04
STATE OF IDAHO   5,180   06/01/04
STATE OF INDIANA   1,012   06/01/04
STATE OF KANSAS   386   06/01/04
STATE OF KENTUCKY   22,440   06/01/04
STATE OF MASSACHUSETTS   27,797   06/01/04
STATE OF MARYLAND   16,646   06/01/04
STATE OF MAINE   27,654   06/01/04
STATE OF MICHIGAN   398   06/01/04
STATE OF NORTH CAROLINA   13,284   06/01/04
STATE OF NEW YORK   114,586   06/01/04
STATE OF OHIO   78,500   06/01/04
STATE OF OKLAHOMA   370   06/01/04
STATE OF PENNSYLVANIA   96,366   06/01/04
STATE OF SOUTH CAROLINA   3,373   06/01/04
STATE OF VIRGINIA   69,508   06/01/04
STATE OF VERMONT   16,426   06/01/04
STATE OF WISCONSIN   712   06/01/04
STRONG CAPITAL MANAGEMENT   545,546   06/01/04
INTERNAL REVENUE SERVICE   5,767,507   06/14/04
STATE OF ARIZONA   2,207   06/14/04
STATE OF CALIFORNIA   167,456   06/14/04
STATE OF COLORADO   58,646   06/14/04
STATE OF CONNECTICUT   10,973   06/14/04
STATE OF GEORGIA   6,684   06/14/04
STATE OF IDAHO   4,586   06/14/04
STATE OF INDIANA   993   06/14/04
STATE OF KANSAS   347   06/14/04
STATE OF KENTUCKY   21,648   06/14/04
STATE OF MASSACHUSETTS   24,832   06/14/04
STATE OF MARYLAND   12,127   06/14/04
STATE OF MAINE   24,555   06/14/04
STATE OF NORTH CAROLINA   12,759   06/14/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule II

 

Page 2 of 3

 

 

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended June 30, 2004

 

 

Payee


 

Payroll Taxes
Paid


 

Payment Date

STATE OF NEW YORK   111,017   06/14/04
STATE OF OHIO   71,939   06/14/04
STATE OF OKLAHOMA   350   06/14/04
STATE OF PENNSYLVANIA   93,402   06/14/04
STATE OF SOUTH CAROLINA   2,935   06/14/04
STATE OF VIRGINIA   59,388   06/14/04
STATE OF VERMONT   14,435   06/14/04
STRONG CAPITAL MANAGEMENT   526,478   06/15/04
CENTRAL COLLECTION AGENCY   284   06/24/04
DIVISION OF UNEMPLOYMENT INSURA   31   06/24/04
ASHTABULA INCOME TAX   436   06/25/04
CENTRAL COLLECTION AGENCY   29,377   06/25/04
CITY OF CHILLICOTHE   3,716   06/25/04
CITY OF CLEVELAND HEIGHTS   4,374   06/25/04
CITY OF DANVILLE   384   06/25/04
VILLAGE OF GREENWOOD   314   06/25/04
JOHN LOHMAN   70   06/25/04
CITY OF HUNTINGTON   212   06/25/04
LORAIN CITY TAX   2,070   06/25/04
CITY OF MACEDONIA   2,147   06/25/04
CITY OF MARION   886   06/25/04
MISSISSIPPI STATE TAX COMMISSN   2,845   06/25/04
MONTANA DEPARTMENT OF REVENUE   827   06/25/04
CITY OF NEWARK   3,788   06/25/04
DIRECTOR OF FINANCE   207   06/25/04
OREGON DEPARTMENT OF REVENUE   76   06/25/04
TREASURER CITY OF OWENSBORO   584   06/25/04
CITY OF PITTSBURGH   1,376   06/25/04
RITA   8,383   06/25/04
SCHOOL DISTRICT INCOME TAX   2,689   06/25/04
UTAH STATE TAX COMMISSION   299   06/25/04
WEST VIRGINIA DEPT OF TAX & REV   18,913   06/26/04
INTERNAL REVENUE SERVICE   6,693,892   06/28/04
STATE OF ARIZONA   2,722   06/28/04
STATE OF CALIFORNIA   202,679   06/28/04
STATE OF COLORADO   68,819   06/28/04
STATE OF CONNECTICUT   10,382   06/28/04
STATE OF GEORGIA   10,648   06/28/04
STATE OF IDAHO   5,122   06/28/04
STATE OF INDIANA   1,064   06/28/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule II

 

Page 3 of 3

 

 

Court Reporting schedules for Payroll Taxes Paid
for the Month Ended June 30, 2004

 

 

Payee


 

Payroll Taxes
Paid


 

Payment Date

STATE OF KANSAS   396   06/28/04
STATE OF KENTUCKY   24,040   06/28/04
STATE OF MASSACHUSETTS   28,944   06/28/04
STATE OF MARYLAND   16,465   06/28/04
STATE OF MAINE   28,532   06/28/04
STATE OF MICHIGAN   268   06/28/04
STATE OF NORTH CAROLINA   13,553   06/28/04
STATE OF NEW YORK   121,015   06/28/04
STATE OF OHIO   83,973   06/28/04
STATE OF OKLAHOMA   372   06/28/04
STATE OF PENNSYLVANIA   102,023   06/28/04
STATE OF SOUTH CAROLINA   4,557   06/28/04
STATE OF VIRGINIA   75,263   06/28/04
STATE OF VERMONT   18,695   06/28/04
STATE OF WISCONSIN   799   06/28/04
  TOTAL   22,084,577    

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 1 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

ADAIR COUNTY BOARD OF EDUCATION   $ 20   $ 669
ALABAMA DEPT. OF REVENUE     259     4,323
ANDERSON COUNTY SCHOOL DISTRICT     92     3,052
ARIZONA DEPARTMENT OF REVENUE     28     1,139
ARKANSAS DEPARTMENT OF REVENUE         5
ASHLAND INDEPENDENT BOARD OF EDUCATION     11,743     391,434
BANK OF AMERICA     344    
BARREN COUNTY BOARD OF EDUCATION     13     420
BATH COUNTY SCHOOL DISTRICT     556     18,537
BEREA COUNTY SCHOOL DISTRICT     2,445     81,504
BOARD OF EQUALIZATION     203     A
BOARD OF EQUALIZATION     168     2,206
BOARD OF EQUALIZATION     304     3,839
BOURBON COUNTY SCHOOL DISTRICT     374     12,459
BOYD COUNTY SCHOOL DISTRICT     3,129     104,312
BOYLE COUNTY SCHOOL DISTRICT     1,685     56,169
BRACKEN COUNTY BOARD OF EDUCATION     13     433
BREATHITT COUNTY SCHOOL DISTRICT     1,051     35,059
BRECKINRIDGE COUNTY BOARD OF EDUCATION     844     27,554
BUREAU OF TAXATION     77     1,543
BURGIN INDEPENDENT BOARD OF EDUCATION     325     10,831
BUTLER COUNTY SCHOOL DISTRICT     57     1,900
CARTER COUNTY SCHOOL DISTRICT     723     24,100
CCHCF-A     42    
CHCF-B     541     24,573
CITY O F MONTEREY     1     18
CITY OF ALAHAMBRA     2     35
CITY OF ALBION     324     6,476
CITY OF ALGOURA HILLS     12     239
CITY OF ARCADIA     10     197
CITY OF BALDWIN PARK     4,623     154,091
CITY OF BALDWIN PARK     5     165
CITY OF BEAUMONT     2,710     90,337
CITY OF BELLEVUE         2
CITY OF BOTHELL     2     32
CITY OF BRAWLEY     7,398     184,957
CITY OF BRAWLEY     3     68
CITY OF BURBANK     4     62

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 2 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

CITY OF CALABASAS   1   13
CITY OF CHARLOTTESVILLE   57,800   578,000
CITY OF CHULA VISTA     1
CITY OF CLAREMONT   34   626
CITY OF COLFAX   1   20
CITY OF COLORADO SPRINGS   164   6,575
CITY OF COLTON   5   137
CITY OF COMPTON   1   13
CITY OF COVINA     1
CITY OF CULVER CITY   4   33
CITY OF DESERT HOT SPRINGS   6   113
CITY OF DOWNEY    
CITY OF EL MONTE   3   48
CITY OF ELK GROVE   1   20
CITY OF FONTANA   40,288   805,759
CITY OF FONTANA   10   200
CITY OF GARDENA     5
CITY OF GLENDALE   2   33
CITY OF HAWTHORNE   1   21
CITY OF HERMOSA BEACH   17,563   292,716
CITY OF HOLTVILLE   1,732   34,645
CITY OF HOLTVILLE     4
CITY OF HUNTINGTON BEACH     10
CITY OF INDIO   1   16
CITY OF INGLEWOOD   5   49
CITY OF IRVINE     3
CITY OF ISSAQUAH     5
CITY OF KALAMA   5   78
CITY OF KELSO   6,360   105,996
CITY OF KIRKLAND     7
CITY OF LA HABRA   27,065   451,076
CITY OF LA HABRA   49   816
CITY OF LA VERNE     1
CITY OF LONG BEACH   4   64
CITY OF LONGVIEW   76   1,262
CITY OF LONGVIEW   21,840   363,992
CITY OF LOS ANGELES   708   7,072
CITY OF MAMMOTH LAKE     1
CITY OF MORENO VALLEY   58,766   979,431

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 3 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

CITY OF MORENO VALLEY   40   666
CITY OF NEW PORT   3   55
CITY OF NORWALK   3   54
CITY OF OAKLAND   1   10
CITY OF OLYMPIA     5
CITY OF PALM SPRINGS   1   17
CITY OF PALOUSE   1   17
CITY OF PALOUSE   603   8,609
CITY OF PASADENA   5   55
CITY OF PETERSBURG   20,249   101,246
CITY OF PICO RIVERA   9,670   193,391
CITY OF PICO RIVERA   8   160
CITY OF PLACENTIA   15,886   453,874
CITY OF PLACENTIA   3   79
CITY OF PORT HUENEME   9,113   227,828
CITY OF PORT HUENEME   1   15
CITY OF PORTERVILLE   1   12
CITY OF PULLMAN   17   214
CITY OF REDONDO BEACH   44,440   935,578
CITY OF REDONDO BEACH   85   1,796
CITY OF RIALTO   40,375   504,683
CITY OF RIALTO   31   382
CITY OF RIVERSIDE   5   70
CITY OF SALINAS   1   22
CITY OF SAN BERNARDINO   69,316   866,453
CITY OF SAN BERNARDINO   14   175
CITY OF SAN BUENAVENTURA   34,725   694,508
CITY OF SAN FRANCISCO   1   12
CITY OF SAN GABRIEL     3
CITY OF SAN LUIS OBISPO     1
CITY OF SANTA ANA   27   452
CITY OF SANTA BARBARA    
CITY OF SANTA CRUZ   3   36
CITY OF SANTA MONICA   140,247   1,402,464
CITY OF SANTA MONICA   183   1,834
CITY OF SANTA ROSA     2
CITY OF SEAL BEACH   11   104
CITY OF SEATTLE     2
CITY OF SHORELINE   1   19

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 4 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

CITY OF SIERRA MADRE   3   47
CITY OF SPOKANE   3   56
CITY OF STANWOOD     4
CITY OF TACOMA     2
CITY OF TORRANCE   1   14
CITY OF VANCOUVER   5   81
CITY OF VENTURA   10   198
CITY OF WAYNESBORO   28,242   282,417
CITY OF WENATCHEE   1   12
CITY OF WESTMINISTER     6
CITY OF WHITTIER   5   110
CITY OF WINCHESTER   17,045   170,446
CITY OF WINLOCK     8
CITY OF WOODLAND   4   77
CITY OF ZILLAH     2
CLARK COUNTY SCHOOL DISTRICT   156   5,215
CLAY COUNTY BOARD OF EDUCATION   13   421
CLOVERPORT INDEPENDENT SCHOOL DISTRICT   289   9,640
COLORADO DEPT. OF REVENUE   448   23,660
COLORADO DEPT. OF REVENUE   3,047   87,864
COMMISSIONER OF REVENUE SERVICES   310,372   5,911,861
COMMISSIONER OF REVENUE SERVICES   372,957   6,215,954
COMMONWEALTH OF MASSACHUSETTS   7,028   140,543
COMPTROLLER OF MARYLAND   822   16,451
COMPTROLLER OF MARYLAND   16,303   326,056
COMPTROLLER OF PUBLIC ACCOUNTS   10   333
COUNTY OF LOS ANGELES   180   3,604
COUNTY OF MONTGOMERY   8,946   89,456
COUNTY OF SACRAMENTO     5
CUMBERLAND COUNTY BOARD OF EDUCATION   14   456
DANVILLE INDEPENDENT SCHOOL DISTRICT   4,667   155,550
DAVIESS COUNTY BOARD OF EDUCATION   16,937   564,561
DAVIESS COUNTY SCHOOL DISTRICT   302   10,061
DES MOINES   1   24
ELLIOT COUNTY SCHOOL DISTRICT   472   15,744
ESTILL COUNTY BOARD OF EDUCATION   14   455
FAYETTE COUNTY SCHOOL DISTRICT   35   1,166
FLEMING COUNTY SCHOOL DISTRICT   21   700
FLORIDA DEPARTMENT OF REVENUE   3,367,028   24,130,706

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 5 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

FLORIDA DEPARTMENT OF REVENUE   158,030   2,284,446
FRANKLIN COUNTY SCHOOL DISTRICT   107   3,576
GARRAD COUNTY SCHOOL DISTRICT   473   15,760
GARRARD COUNTY SCHOOL DISTRICT   36   1,183
GEORGIA DEPARTMENT OF REVENUE   16,982   256,041
HANCOCK COUNTY BOARD OF EDUCATION   940   31,336
HANCOCK COUNTY SCHOOL DISTRICT   29   962
HARLAN COUNTY SCHOOL DISTRICT   258   8,576
HARRISON COUNTY SCHOOL DISTRICT   2,499   83,275
HARRODSBURG INDEPENDENT BOARD OF EDUCATION   2,643   88,115
HENDERSON COUNTY BOARD OF EDUCATION   2,232   74,384
HENDERSON COUNTY SCHOOL DISTRICT   10   319
ID USF   25  
IDAHO STATE TAX COMMISSION   4,375   68,483
IL DEPT OF REVENUE   3   595
INDIANA DEPARTMENT OF REVENUE   30,324   505,395
INTERNAL REVENUE SERVICE   74,352   2,478,294
JACKSON INDEPENDENT SCHOOLS   506   16,857
JESSAMINE COUNTY BOARD OF EDUCATION   7,495   249,830
JESSAMINE COUNTY SCHOOL DISTRICT   83   2,762
KANSAS DEPT. OF REVENUE   17,833   244,338
KENTUCKY REVENUE CABINET   1,930   32,166
KNOX COUNTY SCHOOL DISTRICT   11   353
LAUREL COUNTY SCHOOL DISTRICT   11,685   389,500
LAUREL COUNTY SCHOOL DISTRICT   216   7,211
LEE COUNTY SCHOOL DISTRICT   1,236   41,199
LESLIE COUNTY SCHOOL DISTRICT   961   32,022
LETCHER COUNTY BOARD OF EDUCATION   782   26,077
LETCHER COUNTY SCHOOL DISTRICT   23   770
LEWIS COUNTY BOARD OF EDUCATION   1,048   41,924
LEWIS COUNTY SCHOOL DISTRICT   125   5,007
LINCOLN COUNTY BOARD OF EDUCATION   1,291   43,038
LINCOLN COUNTY SCHOOL DISTRICT   22   738
LOGAN COUNTY SCHOOL DISTRICT   35   1,175
MADISON COUNTY SCHOOL DISTRICT   19,159   638,626
MAINE REVENUE SERVICES   291,120   5,822,389
MARION COUNTY BOARD OF EDUCATION   2,709   90,298
MARION COUNTY SCHOOL DISTRICT   35   1,162
MCLEAN COUNTY SCHOOL DISTRICT   911   30,359

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 6 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

MCLEAN COUNTY SCHOOL DISTRICT   18   616
MENIFEE COUNTY SCHOOL DISTRICT   309   10,301
MERCER COUNTY SCHOOL DISTRICT   1,878   62,596
MINNESOTA DEPARTMENT OF REVENUE   3   182
MISSISSIPPI STATE TAX COMMISSION   22,723   324,613
MISSISSIPPI STATE TAX COMMISSION   1,643   23,467
MONTGOMERY COUNTY SCHOOL DISTRICT   85   2,838
MORGAN COUNTY SCHOOL DISTRICT   1,829   60,975
NC DEPARTMENT OF REVENUE   15,911   217,614
NECA KUSF   14   279
NECA PAUSF   1,367  
NECA VUSF   261   20,579
NELSON COUNTY BOARD OF EDUCATION   1,404   46,801
NELSON COUNTY SCHOOL DISTRICT   12   409
NICHOLAS COUNTY SCHOOL DISTRICT   347   11,564
NICHOLAS COUNTY SCHOOL DISTRICT   22   737
NJ DIVISION OF TAXATION   641   10,690
NYS ESTIMATED CORPORATION TAX   272   72,552
NYS ESTIMATED CORPORATION TAX   2,732   109,268
NYS SALES TAX PROCESSING   73,485   910,195
OHIO COUNTY SCHOOL DISTRICT   25   834
OHIO COUNTY SCHOOL DISTRICT   26   870
OKLAHOMA TAX COMMISSION   861   16,792
OWENSBORO BOARD OF EDUCATION   11,802   393,392
OWSLEY COUNTY BOARD OF EDUCATION   426   14,209
OWSLEY COUNTY SCHOOL DISTRICT   12   388
PA DEPARTMENT OF REVENUE   218,378   3,967,688
PA DEPT. OF REVENUE   4,792   95,801
PARIS INDEPENDENT SCHOOL DISTRICT   1,705   56,830
PERRY COUNTY SCHOOL DISTRICT   296   9,867
PIKE COUNTY BOARD OF EDUCATION   15   515
POWELL COUNTY SCHOOL DISTRICT   2,158   71,932
PSU   225  
PULASKI COUNTY BOARD OF EDUCATION   17   574
RHODE ISLAND DIVISION OF TAXATION   6   81
ROCKCASTLE COUNTY SCHOOL DISTRICT   477   15,913
ROWAN COUNTY SCHOOL DISTRICT   95   3,153
RUSSELL INDEPENDENT SCHOOL DISTRICT   6,944   231,468
SCOTT COUNTY SCHOOL DISTRICT   5,124   170,817

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule III

 

Page 7 of 7

Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales
for the Month Ended June 30, 2004

Taxing Jurisdiction


 

Sales and
Other
Taxes Due


 

Gross
Taxable Sales

SOUTH CAROLINA DEPT. OF REVENUE     58,131     1,060,513
STATE OF MICHIGAN     111     1,845
STATE OF NEW HAMPSHIRE     1,609     22,992
STATE OF NEW HAMPSHIRE     80,128     1,144,683
STATE TAX DEPARTMENT     292,932     4,882,165
TN DEPARTMENT OF REVENUE     62,038     647,037
TOWN OF BLACKSBURG     13,864     138,644
TOWN OF MT CRESTED BUTTE     1,422     31,595
TOWN OF SOUTH BOSTON     4,856     48,557
TREASURER STATE OF OHIO     150,197     1,997,752
UNION COUNTY SCHOOL DISTRICT     3,037     101,240
UNION COUNTY SCHOOL DISTRICT     33     1,094
VERMONT DEPARTMENT OF TAXES     343,621     5,727,016
VERMONT DEPARTMENT OF TAXES     1,240     20,663
VIRGINIA DEPARTMENT OF TAXATION     10,342     229,830
WASHINGTON COUNTY BOARD OF EDUCATION     924     30,803
WASHINGTON COUNTY SCHOOL DISTRICT     16     517
WASHINGTON DEPT. OF REVENUE     3,384     45,820
WEBSTER COUNTY BOARD OF EDUCATION     790     26,334
WISCONSIN DEPARTMENT OF REVENUE     2     187
WOLFE COUNTY SCHOOL DISTRICT     604     20,137
WOODFORD COUNTY BOARD OF EDUCATION     2,749     91,645
WOODFORD COUNTY SCHOOL DISTRICT     78     2,586
WYOMING DEPARTMENT OF REVENUE     84     1,493
   
 
  Total   $ 6,876,142   $ 85,260,891
   
 

Note (A): The 911 surcharge is based upon the number of phone lines and not as a function of gross taxable sales.


    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule IV

 

Page 1 of 4

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended June 30, 2004

Payee


 

Amount
Paid


 

Check Date

ALBEMARLE COUNTY   $ 211   06/18/04
ALBEMARLE COUNTY     391   06/30/04
ANDOVER VILLAGE     1,517   06/23/04
APPLETREE REALTY HOLDINGS LLC     1,624   06/03/04
ARAPAHOE COUNTY     106,680   06/18/04
ARCADE VILLAGE     2,330   06/23/04
ASHTABULA COUNTY COURTHOUSE     1,468   06/23/04
BARNEVELD VILLAGE     80   06/29/04
BLACKBURN CENTER, LLC     433   06/25/04
CAL & JOANNE FAMILY LTD PRTNRSP     200   06/23/04
CATTARAUGUS VILLAGE     1,597   06/23/04
CITY OF BUENA VISTA     3,478   06/18/04
CITY OF LEBANON     7,980   06/29/04
CITY OF STAUNTON     3,111   06/18/04
CITY TREASURER     61   06/18/04
CLAREMONT     6,383   06/29/04
CLARKE COUNTY TREASURER     807   06/07/04
COLD BROOK VILLAGE COLLECTOR     97   06/29/04
COLONIAL HEIGHTS     5,803   06/23/04
COUNTY OF DINWIDDIE     3,011   06/07/04
COUNTY OF ROCKINGHAM     355   06/07/04
DAVIE COUNTY     408   06/07/04
DELEVAN VILLAGE     599   06/23/04
DEPEW VILLAGE TREASURER     4,100   06/29/04
DILLON COUNTY TREASURER     295   06/07/04
DORIS LAWTON     778   06/14/04
DORIS LAWTON     144   06/29/04
EAGLE COUNTY TREASURER     7,395   06/18/04
EAST AURORA VILLAGE     438   06/29/04
EASTLAKE COMMERCIAL     58   06/23/04
EL PASO COUNTY TREASURER     171,625   06/18/04
ELLICOTTVILLE VILLAGE     473   06/23/04
ENGLISH CONSTRUCTION     1,712   06/14/04
ERIE COUNTY TAX DEPARTMENT     4,900   06/30/04
FARNHAM VILLAGE     84   06/29/04
FRANKLINVILLE VILLAGE     1,356   06/23/04
GE CAPITAL FLEET SERVICES     (303 ) 06/07/04
GECFS BY APEX AS AGENT     5,069   06/10/04
GREENE COUNTY     2,040   06/07/04
GUNNISON COUNTY TREASURER     8,731   06/18/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule IV

 

Page 2 of 4

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended June 30, 2004

Payee


 

Amount
Paid


 

Check Date

HAMBURG VILLAGE   2,115   06/29/04
HARDINSBURG CITY   503   06/07/04
HOOSICK FALLS VILLAGE   1,747   06/30/04
HOPEWELL CITY TAX   932   06/30/04
IRVINGTON CITY   578   06/07/04
JOAN A. YACONO   238   06/08/04
KENMORE VILLAGE CLERK   152   06/29/04
KIR TEMECULA L.P.   105   06/25/04
LANCASTER VILLAGE   13,546   06/29/04
LARRY SCHREDER   991   06/11/04
LAS ANIMAS COUNTY TREASURER   7,886   06/18/04
LONDON SHOPPING CENTER   62   06/11/04
LOUDOUN COUNTY   280   06/11/04
MARION COUNTY OH   671   06/18/04
MAYVILLE VILLAGE   1,168   06/30/04
NEW HAVEN CITY   992   06/18/04
NEW IPSWICH TOWN   1,365   06/29/04
NEWPORT TOWN NH   379   06/29/04
NORTH COLLINS VILLAGE   1,449   06/29/04
ORCHARD PARK TAX COLLECTOR   385   06/29/04
PERRYSBURG VILLAGE   292   06/23/04
PITNEY BOWES CREDIT CORPORATION   49   06/09/04
PITNEY BOWES CREDIT CORPORATION   60   06/29/04
PLYMOUTH TOWN   1,621   06/18/04
RADCO BUILDERS L.C.   312   06/25/04
RANDOLPH VILLAGE   1,307   06/23/04
RITE AID CORORATION   252   06/23/04
ROANOKE COUNTY TREASURER   6,802   06/18/04
ROBERT R WANTZ   1,787   06/26/04
RUSHVILLE VILLAGE   489   06/23/04
SARANAC LAKE VILLAGE   10,184   06/23/04
SHERMAN VILLAGE   409   06/30/04
SILVER CREEK VILLAGE   4,203   06/29/04
STAFFORD COUNTY   38,784   06/23/04
TOWN OF BIG STONE GAP   1,420   06/07/04
TOWN OF BLACKSBURG   237   06/18/04
TOWN OF CONWAY   4,698   06/29/04
TOWN OF HANOVER   372   06/23/04
TOWN OF HINSDALE   1,556   06/29/04
TOWN OF KINGSTON   2,283   06/29/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule IV

 

Page 3 of 4

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended June 30, 2004

Payee


 

Amount
Paid


 

Check Date

TOWN OF LITTLETON TAX COLLECTOR   6,792   06/29/04
TOWN OF LONDONDERRY   26,803   06/29/04
TOWN OF MONT VERNON   1,140   06/30/04
TOWN OF PLYMOUTH   4,983   06/29/04
TOWN OF PULASKI   218   06/11/04
TOWN OF RUMNEY   7   06/29/04
TOWN OF STEPHENS CITY   86   06/23/04
TOWN OF SUTTON   613   06/29/04
TREASURER OF FRONT ROYAL TOWN   203   06/11/04
TRUMBULL COUNTY   11,404   06/11/04
TSC, LC   435   06/11/04
US BANCORP   263   06/14/04
VILLAGE OF AMES   77   06/29/04
VILLAGE OF ARGYLE   33   06/23/04
VILLAGE OF BARKER   137   06/23/04
VILLAGE OF BELMONT   1,888   06/23/04
VILLAGE OF BLASDELL   542   06/29/04
VILLAGE OF CANAJOHARIE   1,952   06/29/04
VILLAGE OF CLAYVILLE   251   06/29/04
VILLAGE OF CORINTH   514   06/23/04
VILLAGE OF CUBA   1,412   06/23/04
VILLAGE OF EAST RANDOLPH   1,079   06/23/04
VILLAGE OF FORESTVILLE   282   06/29/04
VILLAGE OF FORT PLAIN   1,231   06/29/04
VILLAGE OF GOWANDA   4,089   06/29/04
VILLAGE OF GRANVILLE   1,676   06/23/04
VILLAGE OF HUDSON FALLS   2,659   06/29/04
VILLAGE OF LEWISTON   334   06/29/04
VILLAGE OF MEDINA   322   06/30/04
VILLAGE OF MIDDLEVILLE   566   06/29/04
VILLAGE OF NELLISTON   478   06/29/04
VILLAGE OF NEW HARTFORD   400   06/29/04
VILLAGE OF NEW YORK MILLS   1,025   06/30/04
VILLAGE OF NEWPORT   228   06/29/04
VILLAGE OF PALATINE BRIDGE   176   06/29/04
VILLAGE OF PENN YAN   664   06/29/04
VILLAGE OF PENN YAN   7,743   06/30/04
VILLAGE OF POLAND   252   06/29/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule IV

 

Page 4 of 4

Court Reporting schedules for Real Estate and Personal Property Taxes Paid
for the Month Ended June 30, 2004

Payee


 

Amount
Paid


 

Check Date

VILLAGE OF PORTVILLE     270   06/23/04
VILLAGE OF PROSPECT TREASURER     127   06/29/04
VILLAGE OF REMSEN     142   06/29/04
VILLAGE OF SKANEATELES     340   06/29/04
VILLAGE OF SLOAN     178   06/29/04
VILLAGE OF SPRINGVILLE     4,326   06/29/04
VILLAGE OF ST. JOHNSVILLE     1,179   06/23/04
VILLAGE OF TUPPER LAKE     1,959   06/23/04
VILLAGE OF WESTFIELD     2,901   06/29/04
VILLAGE OF WILSON     509   06/29/04
VILLAGE OF YORKVILLE     814   06/30/04
VILLAGE OF YOUNGSTOWN     476   06/29/04
WAKEFIELD TOWN     613   06/29/04
WALPOLE TOWN TAX COLLECTOR     1,974   06/29/04
WARRENTON TOWN TAX COLLECTOR     85   06/18/04
WARRICK COUNTY TREASURER     29,599   06/30/04
WELLSVILLE VILLAGE     11,344   06/23/04
WILMOT TOWN     339   06/29/04
   
   
  Total   $ 610,312    
   
   

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Page 1 of 5

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended June 30, 2004


Taxing Jurisdiction


 

Tax Type


 

Amount Paid


 

Date Paid

ALABAMA DEPARTMENT OF REVENUE   Gross Receipts Tax   $ 260   06/17/04
ARIZONA DEPARTMENT OF REVENUE   Sales Tax     24   06/14/04
ASHLAND INDEPENDENT BOARD OF   Utility Tax     9,465   06/09/04
BATH COUNTY SCHOOL D   Utility Tax     1,219   06/09/04
BEREA INDEPENDENT SCHOOL DIST   Utility Tax     2,466   06/09/04
BOARD OF EQUALIZATION   Sales Tax     116   06/16/04
BOARD OF EQUALIZATION   911 Surcharge     203   06/24/04
BOARD OF EQUALIZATION   Sales Tax     218   06/24/04
BOURBON COUNTY SCHOOL   Utility Tax     632   06/09/04
BOYD COUNTY SCHOOL D   Utility Tax     2,571   06/09/04
BOYD COUNTY SCHOOL D   Sales Tax     15   06/14/04
BOYLE COUNTY SCHOOL DISTRICT   Utility Tax     1,536   06/09/04
BREATHITT COUNTY SCH   Utility Tax     1,025   06/09/04
BRECKINRIDGE COUNTY BOARD OF   Utility Tax     761   06/09/04
BURGIN EDUCATION BO   Utility Tax     323   06/09/04
BUTLER COUNTY SCHOOL DISTRICT   Utility Tax     53   06/09/04
CALIFORNIA HIGH COST FUND-A   Gross Receipts Tax     45   06/10/04
CALIFORNIA HIGH COST FUND-B   Sales Tax     599   06/10/04
CARTER COUNTY SCHOOL   Utility Tax     1,682   06/09/04
CITY OF ARCADIA   Gross Receipts Tax     12   06/18/04
CITY OF BALDWIN PARK   Utility Tax     5,083   06/07/04
CITY OF BALDWIN PARK   Gross Receipts Tax     7   06/18/04
CITY OF BEAUMONT   Utility Tax     3,149   06/07/04
CITY OF BEAUMONT   Gross Receipts Tax     6   06/18/04
CITY OF BRAWLEY   Utility Tax     7,943   06/07/04
CITY OF CALABASAS   Gross Receipts Tax     6   06/18/04
CITY OF CHARLOTTSVILLE   Utility Tax     89,974   06/17/04
CITY OF COLORADO SPRINGS   Sales Tax     165   06/09/04
CITY OF COVINA   Gross Receipts Tax     5   06/18/04
CITY OF CULVER CITY   Gross Receipts Tax     3   06/18/04
CITY OF DESERT HOT SPRINGS   Gross Receipts Tax     7   06/18/04
CITY OF FONTANA   Utility Tax     542   06/07/04
CITY OF FONTANA   Utility Tax     42,852   06/08/04
CITY OF FONTANA   Gross Receipts Tax     15   06/18/04
CITY OF HERMOSA BEACH   Utility Tax     20,271   06/07/04
CITY OF HERMOSA BEACH   Gross Receipts Tax     15   06/18/04
CITY OF HOLTVILLE   Utility Tax     1,986   06/07/04
CITY OF INGLEWOOD   Gross Receipts Tax     7   06/18/04
CITY OF LA HABRA   Utility Tax     26,608   06/08/04
CITY OF LA HABRA   Gross Receipts Tax     36   06/18/04
CITY OF LA VERNE   Gross Receipts Tax     11   06/18/04
CITY OF LONG BEACH   Gross Receipts Tax     7   06/18/04

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Page 2 of 5

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended June 30, 2004


Taxing Jurisdiction


 

Tax Type


 

Amount Paid


 

Date Paid

CITY OF LOS ANGELES   Gross Receipts Tax   852   06/18/04
CITY OF MORENO VALLEY   Utility Tax   71,070   06/08/04
CITY OF MORENO VALLEY   Gross Receipts Tax   44   06/18/04
CITY OF NORWALK   Gross Receipts Tax   8   06/18/04
CITY OF PASADENA   Gross Receipts Tax   11   06/18/04
CITY OF PICO RIVERA   Utility Tax   12,220   06/07/04
CITY OF PLACENTIA   Utility Tax   16,373   06/07/04
CITY OF PORT HUENEME   Utility Tax   9,834   06/07/04
CITY OF PORT HUENEME   Gross Receipts Tax   7   06/18/04
CITY OF PULLMAN   Gross Receipts Tax   16   06/18/04
CITY OF REDONDO BEACH   Gross Receipts Tax   54   06/18/04
CITY OF REDONDO BEACH CA   Utility Tax   43,632   06/08/04
CITY OF RIALTO   Utility Tax   664   06/07/04
CITY OF RIALTO   Utility Tax   46,774   06/08/04
CITY OF RIVERSIDE   Gross Receipts Tax   8   06/18/04
CITY OF SAN BERNARDINO   Utility Tax   1,429   06/07/04
CITY OF SAN BERNARDINO   Utility Tax   70,972   06/08/04
CITY OF SAN BERNARDINO   Gross Receipts Tax   17   06/18/04
CITY OF SAN BUENAVENTURA   Utility Tax   34,192   06/08/04
CITY OF SANTA ANA   Gross Receipts Tax   28   06/18/04
CITY OF SANTA MONICA   Utility Tax   366   06/07/04
CITY OF SANTA MONICA   Utility Tax   154,019   06/08/04
CITY OF SANTA MONICA   Gross Receipts Tax   217   06/18/04
CITY OF SEAL BEACH   Gross Receipts Tax   15   06/18/04
CITY OF VENTURA   Gross Receipts Tax   19   06/18/04
CITY OF WAYNESBORO   Utility Tax   29,989   06/15/04
CITY OF WHITTIER   Gross Receipts Tax   11   06/18/04
CITY OF WINCHESTER   Utility Tax   17,638   06/15/04
CLARKE COUNTY E-9(T)   911 Surcharge   2   06/24/04
CLOVERPORT BOARD OF EDUCATION   Utility Tax   254   06/09/04
COLORADO DEPARTMENT OF REVENUE   Sales Tax   391   06/14/04
COLORADO DEPARTMENT OF REVENUE   Sales Tax   3,080   06/21/04
COMMONWEALTH OF MASS   Sales Tax   7,130   06/10/04
COMMONWEALTH OF MASS   Sales Tax   58   06/11/04
COMPTROLLER OF MARYLAND   Sales Tax   5,842   06/18/04
COMPTROLLER OF MD   Sales Tax   7,677   06/18/04
CONNECTICUT DEPT OF REVENUE   Sales Tax   90,486   06/30/04
COUNTY OF MONTGOMERY   Utility Tax   9,102   06/15/04
DANVILLE INDEPENDENT SCHOOL DIS   Utility Tax   4,694   06/09/04
DAVIESS CO BOARD OF EDUCATION   Utility Tax   17,111   06/09/04
DAVIESS CO BOARD OF EDUCATION   Sales Tax   17   06/14/04

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Page 3 of 5

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended June 30, 2004


Taxing Jurisdiction


 

Tax Type


 

Amount Paid


 

Date Paid

DEAF TRUST   Sales Tax   80   06/10/04
ELLIOTT COUNTY SCHOO   Utility Tax   134   06/09/04
FLORIDA DEPT OF REVENUE   Gross Receipts Tax   23,445   06/21/04
FLORIDA DEPT OF REVENUE   Sales Tax   97,562   06/21/04
FLORIDA DEPT OF REVENUE   Telecommunications Tax   3,338,645   06/21/04
FRANKLIN COUNTY SCHOOL DISTRICT   Utility Tax   105   06/09/04
GARRARD COUNTY SCHOOL DISTRICT   Utility Tax   963   06/09/04
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   127   06/15/04
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   15,229   06/21/04
HANCOCK COUNTY BOARD OF   Utility Tax   459   06/09/04
HARLAN COUNTY SCHOOL   Utility Tax   239   06/09/04
HARRISON COUNTY SCHOOL DISTRICT   Utility Tax   2,578   06/09/04
HARRODSBURG BOARD OF EDUCATION   Utility Tax   2,658   06/09/04
HENDERSON CO BOARD OF EDUCATION   Utility Tax   2,237   06/09/04
IDAHO STATE TAX COMMISSION   Sales Tax   472   06/11/04
IDAHO STATE TAX COMMISSION   Sales Tax   3,407   06/14/04
IDAHO UNIVERSAL SERV   Gross Receipts Tax   23   06/18/04
INDIANA DEPT OF REVENUE   Sales Tax   1,872   06/11/04
INDIANA DEPT OF REVENUE   Sales Tax   37,675   06/21/04
INTERNAL REVENUE SERVICE   Federal Excise Tax   35,551   06/10/04
JACKSON INDEPENDENT SCHOOLS   Utility Tax   505   06/09/04
JESSAMINE COUNTY BOARD OF EDUCA   Utility Tax   7,517   06/09/04
KANSAS DEPT OF REVENUE   Sales Tax   18,027   06/25/04
KENTUCKY REVENUE CABINET   Sales Tax   2,244   06/18/04
KENTUCKY STATE TREASURER   Sales Tax     06/08/04
LAUREL COUNTY SCHOOL   Utility Tax   11,724   06/09/04
LEE COUNTY SCHOOL DI   Utility Tax   1,034   06/09/04
LESLIE COUNTY SCHOOL   Utility Tax   960   06/09/04
LETCHER COUNTY BOARD OF EDUCATI   Utility Tax   795   06/09/04
LEWIS COUNTY BOARD OF   Utility Tax   929   06/09/04
LEWIS COUNTY SCHOOL   Utility Tax   288   06/09/04
LINCOLN COUNTY BOARD OF EDUCATI   Utility Tax   1,310   06/09/04
LOGAN COUNTY SCHOOL DISTRICT   Utility Tax   33   06/09/04
MADISON COUNTY SCHOOL DISTRICT   Utility Tax   19,111   06/09/04
MADISON COUNTY SCHOOL DISTRICT   Sales Tax   68   06/14/04
MAINE REVENUE SERVICE   Sales Tax   20,077   06/15/04
MAINE REVENUE SERVICES   Sales Tax   274,273   06/15/04
MARION COUNTY SCHOOL   Utility Tax   2,734   06/09/04
MASS DEPT OF REVENUE   Sales Tax   624   06/18/04
MCLEAN COUNTY SCHOOL DISTRICT   Utility Tax   842   06/09/04
MENIFEE COUNTY SCHOO   Utility Tax   457   06/09/04

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Page 4 of 5

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended June 30, 2004


Taxing Jurisdiction


 

Tax Type


 

Amount Paid


 

Date Paid

MERCER COUNTY SCHOOL DISTRICT   Utility Tax   1,718   06/09/04
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax   6,418   06/14/04
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax   52,917   06/15/04
MORGAN COUNTY SCHOOL   Utility Tax   512   06/09/04
NECA VUSF   Gross Receipts Tax   256   06/15/04
NELSON COUNTY BOARD OF EDUCATIO   Utility Tax   1,357   06/09/04
NEW JERSEY SALES TAX   Sales Tax   601   06/11/04
NICHOLAS COUNTY SCHO   Utility Tax   658   06/09/04
NORTH CAROLINA DEPT OF REVENUE   Sales Tax   549   06/11/04
NORTH CAROLINA DEPT OF REVENUE   Sales Tax   15,178   06/14/04
NYS CORPORATION TAX   Gross Receipts Tax   11,750   06/15/04
NYS SALES TAX PROCESSING   Sales Tax   915   06/16/04
NYS SALES TAX PROCESSING   Gross Receipts Tax   3,432   06/17/04
NYS SALES TAX PROCESSING   Sales Tax   12,112   06/17/04
NYS SALES TAX PROCESSING   Sales Tax   17,545   06/18/04
OHIO COUNTY SCHOOL DISTRICT   Utility Tax   24   06/09/04
OKLAHOMA TAX COMMISSION   Sales Tax   853   06/09/04
OWENSBORO BOARD OF EDUCATION   Utility Tax   11,775   06/09/04
OWSLEY COUNTY BOARD OF EDUCATIO   Utility Tax   346   06/09/04
PA DEPARTMENT OF REVENUE   Sales Tax   189,911   06/21/04
PA DEPT. OF REVENUE   Sales Tax   14,737   06/14/04
PARIS INDEPENDENT SCHOOLS   Utility Tax   2,939   06/09/04
PERRY COUNTY SCHOOL   Utility Tax   280   06/09/04
PETERSBURG CITY O(T)   Utility Tax   20,327   06/15/04
POWELL COUNTY SCHOOL   Utility Tax   2,163   06/09/04
PUBLIC SERVICE COMMISSION   Gross Receipts Tax   225   06/16/04
ROCKCASTLE COUNTY SCHOOL   Utility Tax   905   06/09/04
RUSSELL INDEPENDENT   Utility Tax   5,557   06/09/04
SCOTT COUNTY SCHOOL   Utility Tax   7,359   06/09/04
SOUTH CAROLINA DEPARTMENT OF   Sales Tax   50,358   06/21/04
SOUTH CAROLINA DEPARTMENT OF   Sales Tax     06/22/04
STATE OF CONNECTICUT   Sales Tax   278,072   06/30/04
STATE OF NEW HAMPSHIRE   Utility Tax   78,646   06/09/04
STATE OF NEW HAMPSHIRE   Gross Receipts Tax   1,581   06/15/04
STATE TAX DEPARTMENT   Sales Tax   38,591   06/08/04
STATE TAX DEPARTMENT   Sales Tax   74,021   06/09/04
TENNESSEE DEPT OF REVENUE   Sales Tax   62,191   06/21/04
TOWN OF ALBION   Utility Tax   338   06/15/04
TOWN OF BLACKSBURG   Utility Tax   15,114   06/15/04
TOWN OF MT CRESTED BUTTE   Utility Tax   1,308   06/09/04
TOWN OF SOUTH BOSTON   Utility Tax   4,955   06/15/04

ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule V

Page 5 of 5

Court Reporting schedules for Sales and Other Taxes Paid
for the Month Ended June 30, 2004


Taxing Jurisdiction


 

Tax Type


 

Amount Paid


 

Date Paid

TREASURER—STATE OF OHIO   Sales Tax     37,617   06/24/04
TREASURER OF STATE OF OHIO   Sales Tax     6,386   06/24/04
TREASURER STATE OF OHIO   Sales Tax     17,399   06/11/04
TREASURER STATE OF OHIO   Sales Tax     1,217   06/17/04
TREASURER STATE OF OHIO   Sales Tax     76,817   06/24/04
UNION COUNTY SCHOOL DISTRICT   Utility Tax     2,966   06/09/04
UNIVERSAL LIFETIME TELEPHONE SE   Gross Receipts Tax     299   06/10/04
UNIVERSAL SERVICE ADMINSTRATIVE   Federal USF     39,255   06/15/04
UNIVERSAL SERVICE ADMINSTRATIVE   Gross Receipts Tax     39,255   06/30/04
VA DEPARTMENT OF TAXATION   Sales Tax     295   06/15/04
VERMONT DEPT OF TAXES   Sales Tax     322,910   06/21/04
VERMONT DEPT OF TAXES   Sales Tax     22,333   06/22/04
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     5,221   06/15/04
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax     4,859   06/16/04
VIRGINIA DEPT OF TAXATION   Gross Receipts Tax     13,275   06/23/04
WASHINGTON COUNTY BOARD OF EDU   Utility Tax     922   06/09/04
WASHINGTON DEPT OF REVENUE   Sales Tax     289   06/15/04
WASHINGTON DEPT OF REVENUE   Sales Tax     3,128   06/18/04
WEBSTER COUNTY BOARD OF   Utility Tax     12   06/09/04
WEBSTER COUNTY BOARD OF   Utility Tax     745   06/11/04
WEST VIRGINA STATE P   Sales Tax     151,866   06/21/04
WOLFE COUNTY SCHOOL   Utility Tax     595   06/09/04
WOODFORD COUNTY BOARD OF ED   Utility Tax     4,861   06/09/04
       
   
Total       $ 6,546,275    
       
   


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 1 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ACC CABLE COMMUNICATIONS FL-VA, LLC   081-02-41904   02-41904   3,185,584
ACC CABLE HOLDINGS VA, INC.   081-02-41905   02-41905  
ACC HOLDINGS II, LLC   081-02-41955   02-41955  
ACC INVESTMENT HOLDINGS, INC.   081-02-41957   02-41957   2,084
ACC OPERATIONS, INC.   081-02-41956   02-41956   192,939
ACC TELECOMMUNICATIONS HOLDINGS LLC   081-02-41864   02-41864  
ACC TELECOMMUNICATIONS LLC   081-02-41863   02-41863   1,252,338
ACC TELECOMMUNICATIONS OF VIRGINIA LLC   081-02-41862   02-41862   107,536
ACC-AMN HOLDINGS, LLC   081-02-41861   02-41861  
ADELPHIA ACQUISITION SUBSIDIARY, INC.   081-02-41860   02-41860  
ADELPHIA ARIZONA, INC.   081-02-41859   02-41859  
ADELPHIA BLAIRSVILLE, LLC   081-02-41735   02-41735  
ADELPHIA CABLE PARTNERS, LP   081-02-41902   02-41902   6,567,823
ADELPHIA CABLEVISION ASSOCIATES, LP   081-02-41913   02-41913   853,569
ADELPHIA CABLEVISION CORP.   081-02-41752   02-41752   1,036,467
ADELPHIA CABLEVISION OF BOCA RATON, LLC   081-02-41751   02-41751   2,475,493
ADELPHIA CABLEVISION OF FONTANA, LLC   081-02-41755   02-41755  
ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC   081-02-41754   02-41754   5,259,927
ADELPHIA CABLEVISION OF NEW YORK, INC.   081-02-41892   02-41892   3,749,636
ADELPHIA CABLEVISION OF NEWPORT BEACH, LLC   081-02-41947   02-41947   519,226
ADELPHIA CABLEVISION OF ORANGE COUNTY II, LLC   081-02-41781   02-41781   508,660
ADELPHIA CABLEVISION OF ORANGE COUNTY, LLC   081-02-41946   02-41946   576,829
ADELPHIA CABLEVISION OF SAN BERNANDINO, LLC   081-02-41753   02-41753  
ADELPHIA CABLEVISION OF SANTA ANA, LLC   081-02-41831   02-41831   2,337,883
ADELPHIA CABLEVISION OF SEAL BEACH, LLC   081-02-41757   02-41757   148,925
ADELPHIA CABLEVISION OF SIMI VALLEY, LLC   081-02-41830   02-41830   833,355
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC   081-02-41943   02-41943   313,459
ADELPHIA CABLEVISION OF WEST PALM BEACH III, LLC   081-02-41783   02-41783   337,933
ADELPHIA CABLEVISION OF WEST PALM BEACH IV, LLC   081-02-41766   02-41766   4,337,103


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 2 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ADELPHIA CABLEVISION OF WEST PALM BEACH V, LLC   081-02-41764   02-41764   596,885
ADELPHIA CABLEVISION, LLC   081-02-41858   02-41858   91,941,403
ADELPHIA CALIFORNIA CABLEVISION, LLC   081-02-41942   02-41942   2,787,504
ADELPHIA CENTRAL PENNSYLVANIA, LLC   081-02-41950   02-41950   5,627,142
ADELPHIA CLEVELAND, LLC   081-02-41793   02-41793   14,049,154
ADELPHIA COMMUNICATIONS CORPORATION   081-02-41729   02-41729  
ADELPHIA COMMUNICATIONS INTERNATIONAL, INC.   081-02-41857   02-41857  
ADELPHIA COMMUNICATIONS OF CALIFORNIA II, LLC   081-02-41748   02-41748   6,171,680
ADELPHIA COMMUNICATIONS OF CALIFORNIA III, LLC   081-02-41817   02-41817   1,437,889
ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC   081-02-41749   02-41749   142,034
ADELPHIA COMPANY OF WESTERN CONNECTICUT   081-02-41801   02-41801   4,079,019
ADELPHIA GENERAL HOLDINGS III, LLC   081-02-41854   02-41854  
ADELPHIA GP HOLDINGS, LLC   081-02-41829   02-41829  
ADELPHIA GS CABLE, LLC   081-02-41908   02-41908   2,452,420
ADELPHIA HARBOR CENTER HOLDINGS LLC   081-02-41853   02-41853  
ADELPHIA HOLDINGS 2001, LLC   081-02-41926   02-41926  
ADELPHIA INTERNATIONAL II, LLC   081-02-41856   02-41856  
ADELPHIA INTERNATIONAL III, LLC   081-02-41855   02-41855  
ADELPHIA MOBILE PHONES, INC.   081-02-41852   02-41852  
ADELPHIA OF THE MIDWEST, INC.   081-02-41794   02-41794  
ADELPHIA PINELLAS COUNTY, LLC   081-02-41944   02-41944  
ADELPHIA PRESTIGE CABLEVISION, LLC   081-02-41795   02-41795   6,103,071
ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.   081-02-41939   02-41939   41,153
ADELPHIA TELECOMMUNICATIONS, INC.   081-02-41851   02-41851   1,230,308
ADELPHIA WELLSVILLE, LLC   081-02-41850   02-41850   926,750
ADELPHIA WESTERN NEW YORK HOLDINGS, LLC   081-02-41849   02-41849  
ARAHOVA COMMUNICATIONS, INC.   081-02-41815   02-41815   27,537
ARAHOVA HOLDINGS, LLC   081-02-41893   02-41893  
BADGER HOLDING CORP   081-02-41792   02-41792  
BETTER TV INC. OF BENNINGTON   081-02-41914   02-41914   338,139
BLACKSBURG/SALEM CABLEVISION, INC.   081-02-41759   02-41759   720,373
BRAZAS COMMUNICATIONS, INC.   081-02-41804   02-41804   1,084
BUENAVISION TELECOMMUNICATIONS, INC.   081-02-41938   02-41938   605,425
CABLE SENTRY CORPORATION   081-02-41894   02-41894  
CALIFORNIA AD SALES, LLC   081-02-41945   02-41945  
CCC-III, INC.   081-02-41867   02-41867  
CCC-INDIANA, INC.   081-02-41937   02-41937  
CCH INDIANA, LP   081-02-41935   02-41935  


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 3 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
CDA CABLE, INC.   081-02-41879   02-41879   177,453
CENTURY ADVERTISING, INC.   081-02-41731   02-41731  
CENTURY ALABAMA CORP   081-02-41889   02-41889   114,437
CENTURY ALABAMA HOLDING CORP   081-02-41891   02-41891  
CENTURY AUSTRALIA COMMUNICATIONS CORP   081-02-41738   02-41738  
CENTURY BERKSHIRE CABLE CORP   081-02-41762   02-41762   301,916
CENTURY CABLE HOLDING CORP   081-02-41814   02-41814  
CENTURY CABLE HOLDINGS, LLC   081-02-41812   02-41812   13,843,002
CENTURY CABLE MANAGEMENT CORPORATION   081-02-41887   02-41887   228,171
CENTURY CABLE OF SOUTHERN CALIFORNIA   081-02-41745   02-41745  
CENTURY CABLEVISION HOLDINGS, LLC   081-02-41936   02-41936   2,568,836
CENTURY CAROLINA CORP   081-02-41886   02-41886   923,449
CENTURY COLORADO SPRINGS CORP   081-02-41736   02-41736   115,585
CENTURY COLORADO SPRINGS PARTNERSHIP   081-02-41774   02-41774   5,513,013
CENTURY COMMUNICATIONS CORPORATION   081-02-12834   02-12834   1,609,000
CENTURY CULLMAN CORP   081-02-41888   02-41888   346,353
CENTURY ENTERPRISE CABLE CORP   081-02-41890   02-41890   427,924
CENTURY EXCHANGE, LLC   081-02-41744   02-41744  
CENTURY FEDERAL, INC.   081-02-41747   02-41747  
CENTURY GRANITE CABLE TELEVISION CORP.   081-02-41779   02-41779  
CENTURY HUNTINGTON COMPANY   081-02-41885   02-41885   2,295,106
CENTURY INDIANA CORP   081-02-41768   02-41768  
CENTURY INVESTMENT HOLDING CORP   081-02-41740   02-41740  
CENTURY INVESTORS, INC.   081-02-41733   02-41733  
CENTURY ISLAND ASSOCIATES, INC.   081-02-41771   02-41771   27,050
CENTURY ISLAND CABLE TELEVISION CORP   081-02-41772   02-41772  
CENTURY KANSAS CABLE TELEVISION CORP   081-02-41884   02-41884   154,919
CENTURY LYKENS CABLE CORP   081-02-41883   02-41883   181,999
CENTURY MENDOCINO CABLE TELEVISION, INC.   081-02-41780   02-41780   427,570
CENTURY MISSISSIPPI CORP   081-02-41882   02-41882   394,888
CENTURY MOUNTAIN CORP   081-02-41797   02-41797   134,196
CENTURY NEW MEXICO CABLE TELEVISION CORP.   081-02-41784   02-41784   11
CENTURY NORWICH CORP   081-02-41881   02-41881   899,080
CENTURY OHIO CABLE TELEVISION CORP   081-02-41811   02-41811   568,656
CENTURY OREGON CABLE CORP   081-02-41739   02-41739  
CENTURY PACIFIC CABLE TV INC   081-02-41746   02-41746  
CENTURY PROGRAMMING, INC.   081-02-41732   02-41732  
CENTURY REALTY CORP.   081-02-41813   02-41813  
CENTURY SHASTA CABLE TELEVISION CORP   081-02-41880   02-41880  
CENTURY SOUTHWEST COLORADO CABLE TELEVISION CORP   081-02-41770   02-41770  
CENTURY TRINIDAD CABLE TELEVISION CORP.   081-02-41790   02-41790   111,011
CENTURY VIRGINIA CORP   081-02-41796   02-41796   410,181


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 4 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
CENTURY VOICE AND DATA COMMUNICATIONS, INC.   081-02-41737   02-41737  
CENTURY WARRICK CABLE CORP.   081-02-41763   02-41763  
CENTURY WASHINGTON CABLE TELEVISION, INC.   081-02-41878   02-41878  
CENTURY WYOMING CABLE TELEVISION CORP.   081-02-41789   02-41789   74,743
CENTURY-TCI CALIFORNIA COMMUNICATIONS, LP   081-02-41743   02-41743   517,382
CENTURY-TCI CALIFORNIA, LP   081-02-41741   02-41741   41,245,844
CENTURY-TCI HOLDINGS, LLC   081-02-41742   02-41742  
CHELSEA COMMUNICATIONS, INC.   081-02-41923   02-41923  
CHELSEA COMMUNICATIONS, LLC   081-02-41924   02-41924   9,183,854
CHESTNUT STREET SERVICES, LLC   081-02-41842   02-41842  
CLEAR CABLEVISION, INC.   081-02-41756   02-41756   1,373
CMA CABLEVISION ASSOCIATES VII, LP   081-02-41808   02-41808   564,035
CMA CABLEVISION ASSOCIATES XI, LP   081-02-41807   02-41807   203,410
CORAL SECURITY, INC   081-02-41895   02-41895  
COWLITZ CABLEVISION, INC.   081-02-41877   02-41877   537,956
CP-MDU I LLC   081-02-41940   02-41940  
CP-MDU II LLC   081-02-41941   02-41941  
E & E CABLE SERVICE, INC.   081-02-41785   02-41785   65
EASTERN VIRGINIA CABLEVISION HOLDINGS, LLC   081-02-41799   02-41799  
EASTERN VIRGINIA CABLEVISION, LP   081-02-41800   02-41800   526,826
EMPIRE SPORTS NETWORK, LP   081-02-41844   02-41844   369,906
FAE CABLE MANAGEMENT CORP   081-02-41734   02-41734  
FOP INDIANA, LP   081-02-41816   02-41816   185,897
FRONTIERVISION ACCESS PARTNERS, LLC   081-02-41819   02-41819   1,665,613
FRONTIERVISION CABLE NEW ENGLAND, INC.   081-02-41822   02-41822   1,082,637
FRONTIERVISION CAPITAL CORPORATION   081-02-41820   02-41820  
FRONTIERVISION HOLDINGS CAPITAL CORPORATION   081-02-41824   02-41824  
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION   081-02-41823   02-41823  
FRONTIERVISION HOLDINGS, LLC   081-02-41827   02-41827  
FRONTIERVISION HOLDINGS, LP   081-02-41826   02-41826  
FRONTIERVISION OPERATING PARTNERS, LLC   081-02-41825   02-41825  
FRONTIERVISION OPERATING PARTNERS, LP   081-02-41821   02-41821   29,498,113
FRONTIERVISION PARTNERS, LP   081-02-41828   02-41828   25
FT MYERS CABLEVISION, LLC   081-02-41948   02-41948   7
FT. MYERS ACQUISITION LIMITED PARTNERSHIP   081-02-41949   02-41949   1,049
GENESIS CABLE COMMUNICATIONS SUBSIDIARY, LLC   081-02-41903   02-41903  
GLOBAL ACQUISITION PARTNERS, LP   081-02-41933   02-41933   1,427,579
GLOBAL CABLEVISION II, LLC   081-02-41934   02-41934  
GRAFTON CABLE COMPANY   081-02-41788   02-41788   75
GS CABLE, LLC   081-02-41907   02-41907   2,733,236
GS TELECOMMUNICATIONS LLC   081-02-41906   02-41906  
HARRON CABLEVISION OF NEW HAMPSHIRE, INC.   081-02-41750   02-41750   2,065,475
HUNTINGTON CATV, INC.   081-02-41765   02-41765  


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 5 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
IMPERIAL VALLEY CABLEVISION, INC.   081-02-41876   02-41876   953,556
KALAMAZOO COUNTY CABLEVISION, INC.   081-02-41922   02-41922  
KEY BISCAYNE CABLEVISION   081-02-41898   02-41898   211,827
KOOTENAI CABLE, INC.   081-02-41875   02-41875   1,034,595
LAKE CHAMPLAIN CABLE TELEVISION CORPORATION   081-02-41911   02-41911   240,603
LEADERSHIP ACQUISITION LIMITED PARTNERSHIP   081-02-41931   02-41931  
LOUISA CABLEVISION, INC.   081-02-41760   02-41760   24,662
MANCHESTER CABLEVISION, INC.   081-02-41758   02-41758  
MARTHA'S VINEYARD CABLEVISION, LP   081-02-41805   02-41805   246,396
MERCURY COMMUNICATIONS, INC.   081-02-41840   02-41840   57,210
MICKELSON MEDIA OF FLORIDA, INC.   081-02-41874   02-41874   300,432
MICKELSON MEDIA, INC.   081-02-41782   02-41782   131,635
MONTGOMERY CABLEVISION, INC.   081-02-41848   02-41848  
MONUMENT COLORADO CABLEVISION, INC.   081-02-41932   02-41932   161,688
MOUNTAIN CABLE COMMUNICATIONS CORPORATION   081-02-41916   02-41916   237
MOUNTAIN CABLE COMPANY, LP   081-02-41909   02-41909   4,697,654
MT. LEBANON CABLEVISION, INC   081-02-41920   02-41920  
MULTI-CHANNEL TV CABLE COMPANY   081-02-41921   02-41921   799,735
NATIONAL CABLE ACQUISITION ASSOCIATES, LP   081-02-41952   02-41952   2,837,213
OLYMPUS CABLE HOLDINGS, LLC   081-02-41925   02-41925   5,568,107
OLYMPUS CAPITAL CORPORATION   081-02-41930   02-41930  
OLYMPUS COMMUNICATIONS HOLDINGS, LLC   081-02-41953   02-41953  
OLYMPUS COMMUNICATIONS, LP   081-02-41954   02-41954  
OLYMPUS SUBSIDIARY, LLC   081-02-41928   02-41928  
OWENSBORO INDIANA, LP   081-02-41773   02-41773  
OWENSBORO ON THE AIR, INC.   081-02-41777   02-41777  
OWENSBORO-BRUNSWICK, INC.   081-02-41730   02-41730   3,303,664
PAGE TIME, INC.   081-02-41839   02-41839   652
PARAGON CABLE TELEVISION, INC.   081-02-41778   02-41778  
PARAGON CABLEVISION CONSTRUCTION CORPORATION   081-02-41775   02-41775  
PARAGON CABLEVISION MANAGEMENT CORPORATION   081-02-41776   02-41776  
PARNASSOS COMMUNICATIONS, LP   081-02-41846   02-41846   198,419
PARNASSOS HOLDINGS, LLC   081-02-41845   02-41845  
PARNASSOS, LP   081-02-41843   02-41843   17,393,129
PERICLES COMMUNICATIONS CORPORATION   081-02-41919   02-41919  
PULLMAN TV CABLE CO., INC.   081-02-41873   02-41873   420,101
RENTAVISION OF BRUNSWICK, INC.   081-02-41872   02-41872   228,204
RICHMOND CABLE TELEVISION CORPORATION   081-02-41912   02-41912   147,106
RIGPAL COMMUNICATIONS, INC.   081-02-41917   02-41917  
ROBINSON/PLUM CABLEVISION, LP   081-02-41927   02-41927   456,135
S/T CABLE CORPORATION   081-02-41791   02-41791  


ADELPHIA COMMUNICATIONS CORPORATION, et al.

(DEBTORS-IN-POSSESSION)

BANKRUPTCY COURT REPORTING SCHEDULES

Schedule VI

Court Reporting schedules for Cash Disbursements

Page 6 of 6

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
SABRES, INC.   081-02-41838   02-41838    
SCRANTON CABLEVISION, INC.   081-02-41761   02-41761     1,581,979
SENTINEL COMMUNICATIONS OF MUNCIE, INDIANA, INC.   081-02-41767   02-41767    
SOUTHEAST FLORIDA CABLE, INC.   081-02-41900   02-41900     15,094,366
SOUTHWEST COLORADO CABLE INC.   081-02-41769   02-41769     140,570
SOUTHWEST VIRGINIA CABLE, INC.   081-02-41833   02-41833     724,295
STAR CABLE INC.   081-02-41787   02-41787    
STARPOINT, LIMITED PARTNERSHIP   081-02-41897   02-41897     1,609,343
SVHH CABLE ACQUISITION, LP   081-02-41836   02-41836     959,636
SVHH HOLDINGS, LLC   081-02-41837   02-41837    
TELE-MEDIA COMPANY OF HOPEWELL-PRINCE GEORGE   081-02-41798   02-41798     822,002
TELE-MEDIA COMPANY OF TRI-STATES, LP   081-02-41809   02-41809    
TELE-MEDIA INVESTMENT PARTNERSHIP, LP   081-02-41951   02-41951     2,732,865
TELESAT ACQUISITION LIMITED PARTNERSHIP   081-02-41929   02-41929    
TELESAT ACQUISITION, LLC   081-02-41871   02-41871     2,611,836
THE GOLF CLUB AT WENDING CREEK FARMS, LLC   081-02-41841   02-41841    
THE MAIN INTERNETWORKS, INC.   081-02-41818   02-41818    
THE WESTOVER TV CABLE CO., INC.   081-02-41786   02-41786     75
THREE RIVERS CABLE ASSOCIATES, LP   081-02-41910   02-41910     854,052
TIMOTHEOS COMMUNICATIONS, LP   081-02-41901   02-41901     210
TMC HOLDINGS CORPORATION   081-02-41803   02-41803    
TMC HOLDINGS, LLC   081-02-41802   02-41802    
TRI-STATES, LLC   081-02-41810   02-41810    
UCA LLC   081-02-41834   02-41834     9,864,923
UPPER ST. CLAIR CABLEVISION INC   081-02-41918   02-41918    
US TELE-MEDIA INVESTMENT COMPANY   081-02-41835   02-41835    
VALLEY VIDEO, INC.   081-02-41870   02-41870     188,298
VAN BUREN COUNTY CABLEVISION, INC.   081-02-41832   02-41832     173,579
WARRICK CABLEVISION, INC   081-02-41866   02-41866    
WARRICK INDIANA, LP   081-02-41865   02-41865     279,983
WELLSVILLE CABLEVISION, LLC   081-02-41806   02-41806     311,414
WEST BOCA ACQUISITION LIMITED PARTNERSHIP   081-02-41899   02-41899     1,349,845
WESTERN NY CABLEVSION, LP   081-02-41847   02-41847    
WESTVIEW SECURITY, INC   081-02-41896   02-41896    
WILDERNESS CABLE COMPANY   081-02-41869   02-41869     147,089
YOUNG'S CABLE TV CORP   081-02-41915   02-41915     294,440
YUMA CABLEVISION, INC.   081-02-41868   02-41868     1,093,077
           
  Total           $ 377,781,482
           

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule VII

 

Page 1 of 2

Court Reporting schedules for Insurance Coverage

Coverage **


 

Company


 

Policy No.


 

Term

Commercial Property   Lexington, C N A, RSUI   7474233; 1098648388; 335349   05/16/04 - 05/16/05

Commercial General Liability

 

AIG (American Home Assurance Co)

 

4806343, 4806117, 4806148

 

12/15/03 - 05/16/05

Commercial Automobile Liability

 

AIG (American Home Assurance Co)

 

MA—5189088 VA—5189089 TX—5189090
All other states—5189087

 

05/16/04 - 05/16/05

Excess Automobile Liability

 

AIG (Lexington)

 

All States—4261364

 

05/16/04 - 05/16/05

Worker's Compensation

 

AIG (New Hampshire Ins. Co., AI South Insurance Co., National Union Fire Insurance Co. of VT, and Ins. Co. State of PA)

 

All states except monopolistic policy numbers 5212710, 5212711, 5212712, 5212713

 

05/16/04 - 05/16/05
 
California

 

State Compensation Insurance Fund

 

1703671-03

 

05/16/03 - 05/16/04
 
Ohio

 

Ohio Bureau of Workers Compensation

 

1328524

 

Ongoing*
 
Washington State

 

WA Department of Labor & Industry

 

083 004 452

 

10/1/99 - Ongoing*
 
West Virginia

 

West Virginia Workers' Compensation

 

20104948 101

 

10/1/99 - Ongoing*
 
Wyoming

 

Wyoming Department of Employment

 

366575

 

10/1/99 - Ongoing*

International Package Policy (Liability & Foreign Voluntary Comp)

 

ACE USA (ACE American Insurance Co.)

 

PHF073190

 

10/15/03 - 10/15/04

    ADELPHIA COMMUNICATIONS CORPORATION, et al.    

 

 

(DEBTORS-IN-POSSESSION)

 

 

 

 

BANKRUPTCY COURT REPORTING SCHEDULES

 

 

 

 

Schedule VII

 

Page 2 of 2

Court Reporting schedules for Insurance Coverage

Coverage **


 

Company


 

Policy No.


 

Term

Aircraft Policy   AIG (National Union Fire Insurance Co.)   GM3380176-01   11/01/03 - 11/01/04

Umbrella Liability

 

Zurich (American Guarantee & Liability Insurance Co.)

 

AUC937411601

 

05/16/04 - 05/16/05
Excess Umbrella Liability   XL, St. Paul, Zurich   US00006683L104A, Q16400089, AEC380810300   05/16/04 - 05/16/05

Executive Protection (Special Crime)

 

Liberty Insurance Underwriters

 

180933013

 

12/19/03 - 12/19/04

New York Disability

 

Cigna

 

NYD 074487

 

07/01/03 - 07/01/04

Pollution Liability

 

Quanta Reinsurance U.S. Ltd.

 

On-site coverage (2000110)
Off-site coverage(2000111)

 

01/01/04 - 01/01/05

Fiduciary Liability Insurance

 

Houston Casualty Co.

 

14MG03A2983

 

12/08/03 - 12/08/04

Directors & Officers Liability

 

AIG (National Union Insurance Co.)

 

7290984

 

12/31/03 - 12/31/04

Directors & Officers Liability Tail

 

Associated Electric & Gas Insurance Services Limited (AEGIS)

 

D0999A1A00

 

12/31/03 - 12/31/05 (Extension of Limit of Liability of 12/31/00-03 term)

Excess Directors & Officers Liability

 

U.S. Specialty Insurance Co.
Hartford (Twin City Fire Ins. Co.)
Hudson Insurance Co.
Axis Reinsurance Co.
Old Republic Insurance Co.

 

14MGU03A3639
00DA02209103
HN03031687
RBN502748
CUG27319

 

12/31/03 - 12/31/04

Blanket Fidelity Bond incl ERISA

 

Great American Insurance Co.

 

554-43-87

 

05/16/04 - 05/16/05

Media Professional Liability

 

ACE (Illinois Union Insurance Company)

 

EON G21640104 002

 

01/22/04 - 01/22/05

*
Ongoing means until the policy is cancelled by Adelphia or carrier

**
The named insured is Adelphia Communications Corporation et al for all of the coverage except for Employee Dishonesty—ERISA whose named insured is Adelphia Communications Corporation Health Benefit Plan and Adelphia Communications Corporation Savings and Retirement Plan.



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