-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QugTY3CxKRkOjelDJ3BmfKWThmUKePSFcDl7nGm0bAMPXDTsbTCvYdeBKdwk/RYH Z4nwwGs8uvLvGIoKiHe2gQ== 0001047469-04-038316.txt : 20041223 0001047469-04-038316.hdr.sgml : 20041223 20041223170727 ACCESSION NUMBER: 0001047469-04-038316 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041223 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20041223 DATE AS OF CHANGE: 20041223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL II CORP CENTRAL INDEX KEY: 0001079201 IRS NUMBER: 841481765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-75567-01 FILM NUMBER: 041224844 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS CAPITAL CORP CENTRAL INDEX KEY: 0000754019 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 232868925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327-01 FILM NUMBER: 041224850 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARAHOVA COMMUNICATIONS INC CENTRAL INDEX KEY: 0000785080 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251844576 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16899 FILM NUMBER: 041224843 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FORMER COMPANY: FORMER CONFORMED NAME: CENTURY COMMUNICATIONS CORP DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPUS COMMUNICATIONS LP CENTRAL INDEX KEY: 0000861255 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 251622615 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-19327 FILM NUMBER: 041224841 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: . CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION OPERATING PARTNERS LP CENTRAL INDEX KEY: 0001019504 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841316775 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535 FILM NUMBER: 041224849 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION CAPITAL CORP CENTRAL INDEX KEY: 0001020291 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 841353734 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-09535-01 FILM NUMBER: 041224848 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY STREET 2: X CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS CAPITAL CORP CENTRAL INDEX KEY: 0001045708 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432976 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519-01 FILM NUMBER: 041224845 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTIERVISION HOLDINGS LP CENTRAL INDEX KEY: 0001045710 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 841432334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-36519 FILM NUMBER: 041224847 BUSINESS ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (303) 268-6300 MAIL ADDRESS: STREET 1: 5619 DTC PARKWAY CITY: GREENWOOD VILLAGE STATE: CO ZIP: 80111 8-K 1 a2149179z8-k.htm 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): December 23, 2004

OLYMPUS COMMUNICATIONS, L.P.
OLYMPUS CAPITAL CORPORATION
FRONTIERVISION OPERATING PARTNERS, L.P.
FRONTIERVISION CAPITAL CORPORATION
FRONTIERVISION HOLDINGS, L.P.
FRONTIERVISION HOLDINGS CAPITAL CORPORATION
FRONTIERVISION HOLDINGS CAPITAL II CORPORATION
ARAHOVA COMMUNICATIONS, INC.
(Exact name of registrants as specified in their respective charters)

Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
Delaware
(State or other jurisdiction of
incorporation)
  333-19327
333-19327-01
333-9535
333-9535-01
333-36519
333-36519-01
333-75567-01
0-16899
(Commission File Numbers)
  25-1622615
23-2868925
84-1316775
84-1353734
84-1432334
84-1432976
84-1481765
25-1844576
(IRS Employer Identification Nos.)


5619 DTC Parkway—Greenwood Village, CO 80111
(Address of principal executive offices) (Zip Code)

Registrants' telephone number, including area code (303) 268-6300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 7.01. Regulation FD Disclosure.

Operating Reports

        On December 23, 2004, Adelphia Communications Corporation (the "Company") and certain other debtor-in-possession subsidiaries of the Company filed their unaudited consolidated Monthly Operating Report (the "Adelphia Operating Report") for the month of November 2004 with the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). Exhibit 99.1 to this Current Report on Form 8-K contains the unaudited consolidated financial statements and the Bankruptcy Court reporting schedules set forth in the Adelphia Operating Report as filed with the Bankruptcy Court.

        The Company cautions readers not to place undue reliance upon the information contained in the Adelphia Operating Report, which contains unaudited information, and is in the format prescribed by applicable bankruptcy laws. The Adelphia Operating Report is subject to revision. The Adelphia Operating Report also contains information for periods that may be shorter or otherwise different from those contained in the Company's reports pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Limitation on Incorporation by Reference

        In accordance with general instruction B.2 of Form 8-K, the Adelphia Operating Report and the other information contained in this report (including exhibits) that is being furnished pursuant to Item 7.01 of Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), except as expressly set forth in such filing. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

Cautionary Statement Regarding Forward-Looking Statements

        This report includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements regarding the Company's and its subsidiaries' and affiliates' expected future financial position, results of operations, cash flows, process for sale of the Company, restructuring and financing plans, expected emergence from bankruptcy, business strategy, budgets, projected costs, capital expenditures, network upgrades, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. Such forward-looking statements are inherently uncertain, and readers must recognize that actual results may differ materially from the Company's expectations. The Company does not undertake a duty to update such forward-looking statements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those discussed under the heading "Risk Factors" in the Company's 2003 Form 10-K and the Company's pending bankruptcy proceeding, results of litigation against the Company and government investigations of the Company, the effects of government regulation including the actions of local cable franchising authorities, the availability of financing, actions of the Company's competitors, results and impacts of the process to sell the Company or its assets, pricing and availability of programming, equipment, supplies, and other inputs, the Company's ability to upgrade its network, technological developments, and changes in general economic conditions. Many of these factors are outside of the Company's control.

2



SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 23, 2004   OLYMPUS COMMUNICATIONS, L.P. (Registrant)

 

 

By:

 

ACC OPERATIONS, INC.,
its Managing General Partner

 

 

By:

 

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

 

 

 

 

OLYMPUS CAPITAL CORPORATION (Registrant)

 

 

By:

 

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

 

 

FRONTIERVISION OPERATING PARTNERS, L.P. (Registrant)

 

 

By:

 

FRONTIERVISION HOLDINGS, L.P.,
its General Partner

 

 

 

 

By:

 

FRONTIERVISION PARTNERS, L.P.,
its General Partner

 

 

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C.,
its General Partner

 

 

 

 

 

 

 

 

By:

 

ACC OPERATIONS, INC.,
its Sole Member

 

 

 

 

By:

 

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

 

 

FRONTIERVISION CAPITAL CORPORATION (Registrant)

 

 

 

 

By:

 

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

3



 

 

FRONTIERVISION HOLDINGS, L.P., (Registrant)

 

 

 

 

By:

 

FRONTIERVISION PARTNERS, L.P.,
its General Partner

 

 

 

 

 

 

By:

 

ADELPHIA GP HOLDINGS, L.L.C.,
its General Partner

 

 

 

 

 

 

 

 

By:

 

ACC OPERATIONS, INC.,
its Sole Member

 

 

 

 

By:

 

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

 

 

FRONTIERVISION HOLDINGS CAPITAL CORPORATION (Registrant)

 

 

 

 

By:

 

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

 

 

FRONTIERVISION HOLDINGS CAPITAL II CORPORATION (Registrant)

 

 

 

 

By:

 

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

 

 

ARAHOVA COMMUNICATIONS, INC. (Registrant)

 

 

 

 

By:

 

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

4



EXHIBIT INDEX

Exhibit No.
  Description
99.1   Adelphia Communications Corporation Monthly Operating Report for the period ended November 30, 2004, dated December 23, 2004.

5




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SIGNATURE
EXHIBIT INDEX
EX-99.1 2 a2149179zex-99_1.htm EX-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 November 30, 2004 **

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

Willkie Farr & Gallagher LLP
(Debtors' Attorneys)

Monthly Operating Loss: $(7,613)
($ 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: December 23, 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          

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

** Shortly prior to the filing of this Monthly Operating Report, Adelphia Communications Corporation filed its Annual Report on Form 10-K for the year ended December 31, 2003 (the "2003 Form 10-K"). The 2003 Form 10-K can be read over the Internet at the Securities and Exchange Commission's website at http://www.sec.gov. The 2003 Form 10-K includes the audited consolidated financial statements (the "audited financial statements") of Adelphia Communications Corporation and its subsidiaries for the years ended December 31, 2003, 2002 and 2001 and related financial information. As further described in the 2003 Form 10-K, the audited financial statements reflect, among other things, the correction of prior errors in the application of generally accepted accounting principles contained in publicly filed documents.

Given the contemporaneous completion of the audited financial statements and the filing of the attached report, the Debtors have not been able to reconcile the financial information for the Debtors included in the attached report with the audited financial statements nor have the Debtors been able to update related disclosure concerning the status of PricewaterhouseCoopers, LLP audit with respect to such financial statements, which occurred on December 23, 2004, and the filing of the 2003 Form 10-K. As a result, this report was prepared on a basis consistent with the prior Monthly Operating Reports and does not reflect the corrections made in the 2003 Form 10-K and the audited financial statements. The Debtors expect that the adjustments that must be made to the financial information contained in this report to be consistent with the audited financial statements will be material. The Debtors intend to file their December Monthly Operating Report on a basis consistent with the 2003 Form 10-K and the audited financial statements.



ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in thousands, except per share amounts)

 
  November 30, 2004
 
ASSETS:        
Current Assets:        
  Cash and cash equivalents   $ 293,151  
  Restricted cash     5,121  
  Subscriber receivables — net     130,566  
  Other current assets     265,828  
   
 
    Total current assets     694,666  
   
 
Restricted cash     9,545  
Investments     25,240  
Intercompany receivables     27,633,084  
Related party receivables     1,786,272  
Property, plant and equipment — net     6,889,833  
Intangible assets — net     15,295,819  
Other noncurrent assets — net     196,060  
   
 
    Total assets   $ 52,530,519  
   
 

LIABILITIES AND STOCKHOLDERS' EQUITY:

 

 

 

 
Current liabilities:        
  Accounts payable   $ 117,191  
  Subscriber advance payments and deposits     32,567  
  Accrued and other liabilities     235,838  
  Current portion of parent and subsidiary debt     674,193  
   
 
    Total current liabilities     1,059,789  
   
 

Noncurrent liabilities:

 

 

 

 
  Accrued and other liabilities     170,364  
  Deferred income taxes     2,004,762  
  Intercompany payables     590,774  
  Related party payables     164,619  
   
 
    Total noncurrent liabilities     2,930,519  
   
 
Liabilities subject to compromise     46,081,628  
   
 
    Total liabilities     50,071,936  
   
 
Minority interests     534,725  
   
 

Stockholders' equity:

 

 

 

 
  Convertible preferred stock     397  
  Class A and Class B common stock, $.01 par value, 1,500,000,000 shared authorized, 254,842,461 254,842,636 shares issued and outstanding     2,548  
  Additional paid-in capital     9,467,136  
  Accumulated other comprehensive loss     (6,721 )
  Accumulated deficit     (4,543,945 )
  Treasury stock, at cost     (149,401 )
   
 
      4,770,014  
  Amounts due from Rigas family entities under co-borrowing credit facilities     (2,846,156 )
   
 
    Total stockholders' equity     1,923,858  
   
 
      Total liabilities and stockholders' equity   $ 52,530,519  
   
 

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
November 30, 2004

  Twenty-nine
Months Ended
November 30, 2004

 
Revenue   $ 331,256   $ 8,765,843  

Cost and expenses:

 

 

 

 

 

 

 
  Direct operating and programming     211,786     5,628,347  
  Selling, general and administrative     23,661     606,893  
  Depreciation and amortization     87,488     2,291,392  
  Impairment of long-lived and other assets         72,134  
  Non-recurring professional fees     9,383     166,278  
   
 
 
    Operating income before reorganization expenses due to bankruptcy     (1,062 )   799  
  Reorganization expenses due to bankruptcy     6,551     207,223  
   
 
 
Operating loss     (7,613 )   (206,424 )
   
 
 

Other income (expense):

 

 

 

 

 

 

 
  Interest expense     (40,564 )   (977,220 )
  Equity in losses of affiliates — net     (187 )   (110,741 )
  Minority interest in losses of subsidiaries — net     787     26,131  
  Other-than-temporary impairment of investments and other assets         (72,909 )
  Other     265     10,276  
   
 
 
      (39,699 )   (1,124,463 )
   
 
 

Net loss from continuing operations before income taxes

 

 

(47,312

)

 

(1,330,887

)
Income tax benefit         35  
   
 
 
Net loss from continuing operations     (47,312 )   (1,330,852 )
Discontinued operations         (46,139 )
   
 
 
Net loss applicable to common stockholders   $ (47,312 ) $ (1,376,991 )
   
 
 
Net loss per weighted average share outstanding — basic and diluted   $ (0.19 ) $ (5.43 )
   
 
 
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
November 30, 2004

  Twenty-nine
Months Ended
November 30, 2004

 
Cash flows from operating activities:              
  Net loss   $ (47,312 ) $ (1,376,991 )
  Adjustments to reconcile net loss to net cash provided by operating activities:              
    Depreciation and amortization     87,488     2,291,392  
    Amortization of bank financing costs     4,522     66,550  
    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     (787 )   (26,131 )
    Equity in losses of affiliates, net     187     110,741  
    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     6,551     207,223  
    Non-recurring professional fees, net of amounts paid     6,947     50,747  
    Change in assets and liabilities:              
      Subscriber receivables — net     (2,396 )   (4,711 )
      Other assets — net     (8,304 )   (69,821 )
      Accounts payable     16,354     14,270  
      Subscriber advance payments and deposits     (3,564 )   29,694  
      Accrued interest and other liabilities     (28,176 )   236,833  
      Liabilities subject to compromise     308     (113,011 )
      Intercompany receivables and payables — net     6,574     (17,741 )
   
 
 
Net cash provided by operating activities before payment of reorganization expenses     38,392     1,585,667  
Reorganization expenses paid during the period     (9,221 )   (175,994 )
   
 
 
Net cash provided by operating activities     29,171     1,409,673  
   
 
 

Cash flows from investing activities:

 

 

 

 

 

 

 
  Expenditures for property, plant and equipment     (41,385 )   (1,787,323 )
  Cash paid for acquisitions         (2,899 )
  Changes in restricted cash     (17 )   (12,523 )
  Proceeds on asset sales         9,906  
  Investment distributions and contributions — net         (2,620 )
  Related party receivables and payables — net     (3,428 )   36,045  
   
 
 
Net cash used in investing activities     (44,830 )   (1,759,414 )
   
 
 

Cash flows from financing activities:

 

 

 

 

 

 

 
  Proceeds from debt         688,572  
  Payments of debt     (14,475 )   (124,238 )
  Payment of bank financing costs         (63,066 )
   
 
 
Net cash provided by financing activities     (14,475 )   501,268  
   
 
 

Change in cash and cash equivalents

 

 

(30,134

)

 

151,527

 
Cash and cash equivalents, beginning of period     323,285     141,624  
   
 
 
Cash and cash equivalents, end of period   $ 293,151   $ 293,151  
   
 
 

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") own, operate and manage 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. Cable systems operated by Adelphia are located in 31 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 November 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 November 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), each filed a voluntary petition for relief 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 other 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 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 an 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 acceptance of the Plan from the holders of claims and equity interests in each class that is impaired and not deemed by the Bankruptcy Court 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 confirm the Plan over the dissenting classes. 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 from many of the Debtors' constituents to the terms of the Plan as filed on February 25, 2004. The Debtors are in the process of amending the Plan to

6


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

address the opposition of 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.

        On April 22, 2004, Adelphia announced that it intended to pursue a sale of the Company while simultaneously continuing to prepare to emerge as a stand-alone company pursuant to the Plan. Adelphia intends to pursue the dual track process to determine which alternative is in the best interest of the Debtors' constituents. The Bankruptcy Court approved the Company's engagement of UBS Investment Bank and Allen & Company LLC as financial advisors on September 14, 2004 and Sullivan & Cromwell LLP as legal advisors on July 21, 2004 in connection with a possible sale of the Company. On September 21, 2004, the Company announced that it has formally launched the sales process. As part of that process, the Company is allowing interested parties to bid on any or all of seven strategic clusters of cable systems. On October 22, 2004, the Bankruptcy Court approved the bidding procedures and related bidding protections in connection with the potential sale of substantially all the assets of or the equity in the Company (the "Bid Procedures Order"). Based on these non-binding indications of interest, on November 1, 2004, Adelphia invited qualified bidders to submit final, legally binding bids in accordance with the Bid Procedures Order. The Company has established a date in January 2005 as the deadline for the submission of final, legally-binding offers; however, the Company has reserved the right to change the deadline if such a change is deemed to be warranted.

        In order to motivate existing employees and stave off attrition that likely would result from a dual track emergence strategy, the Debtors adopted certain key employee compensation and retention programs, which were approved by the Bankruptcy Court on September 21, 2004 (the "KERP Programs"). The KERP Programs include (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. The key employee continuity program consists of the Adelphia Communications Corporation Key Employee Continuity Program (as amended, the "Stay Plan") and the Adelphia Communications Corporation Sale Bonus Program (as amended, the "Sale Plan"). The Stay Plan provides for the payment of cash bonuses to certain eligible employees of the Debtors if such employees continue their employment with the Debtors or their successors for a period of at least nine months from the date the award is granted. The Sale Plan provides for the payment of cash bonuses to certain eligible employees of the Debtors if such employees continue their employment with the Debtors or their successors until, and for the six month period following, a "change in control" (as defined in the Sale Plan).

Bankruptcy Costs and Fees

        In connection with the effectiveness of a plan or plans of reorganization, the Company will incur certain costs and fees (in addition to any costs or fees associated with the proposed exit financing facilities). 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 $21,500 to $34,950. 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 November 30, 2004, or the results of its operations or its cash flows for the one and twenty-nine month periods ended November 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.

7


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

        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.

        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

8


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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.

        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.

        The Company had previously announced and disclosed in its periodic filings with the SEC that it intended to prepare restated consolidated financial statements for the years ended December 31, 2000 and 1999 and to have these restated financial statements audited by PwC. However, the Company cannot locate appropriate supporting documentation with respect to certain amounts or account balances reflected in the Company's consolidated balance sheets for the years ended December 31, 2000 and 1999. Therefore, the Company has written-off these unsupported amounts or balances to the consolidated statements of operations for the years ended December 31, 2000 and 1999. The Company has determined that it is unable to present restated consolidated financial statements with respect to the years ended December 31, 2000 and 1999 because the Company cannot conclude that the restated consolidated financial statements would present, in all material respects, the Company's financial position as of December 31, 1999 and its results of operations and cash flows for the years ended December 31, 2000 and 1999, in each case in accordance with GAAP, consistently applied. Therefore, the Company's consolidated financial statements will not contain data with respect to the years ended December 31, 2000 and 1999.

Dispositions

        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.

        In November 2004, the Company entered into an agreement to sell its security business for approximately $38,000. This agreement is subject to Bankruptcy Court approval and normal closing conditions. Pursuant to the bidding procedures order filed with the Bankruptcy Court on November 22, 2004, qualified bidders will have the opportunity to submit higher or otherwise better offers, with an initial bid increment of $1,900, and, if there is an auction, in subsequent increments of $200. The transaction is expected to close in first quarter 2005.

9


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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-nine months ended November 30, 2004 have been reclassified to conform with the November 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 September 30, 2004, June 30, 2004, 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 financial statements for 2003, 2002 and 2001. In addition, PwC is preparing the audits for the years ended December 31, 2003, 2002 and 2001. See Note 3 to these unaudited consolidated financial statements for further information. As previously stated, the Company no longer intends to present its restated consolidated financial statements for the years ended December 31, 2000 and 1999.

        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. 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. On March 7, 2003 the Bankruptcy Court entered an order approving the employment of Messrs. Schleyer and Cooper. 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

10


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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 November 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 thereunder and used all such proceeds to repay all of the then outstanding principal, 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%.

        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 with respect to any shares of capital stock, subject to certain exceptions set forth in the Extended DIP Facility. 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 December 23, 2004, Amendment No. 3 and Waiver ("Amendment No. 3") to the Extended DIP Facility became effective. Under the terms of Amendment No. 3, (x) the date by which the Company is required to deliver to the DIP Lenders its consolidated audited balance sheet and related consolidated audited statement of income and cash flows for the fiscal years ended December 31, 2002 and December 31, 2003 has been extended from December 31, 2004 until no later than January 31, 2005 and (y) the date by which each of the designated subsidiary borrowing groups under the Extended DIP Facility is required to deliver to the DIP Lenders a consolidating schedule containing balance sheets and related statements of income and cash flows for such designated subsidiary borrower group for the fiscal years ended December 31, 2002 and December 31, 2003 has been extended from February 28, 2005 until no later than March 31, 2005. In addition, under the terms of Amendment No. 3, the dollar amount of asset dispositions that the loan parties under the Extended DIP Facility are permitted to complete without the consent of the DIP Lenders has been increased from $30,000 to up to $50,000. Under the terms of Amendment No. 3, the DIP Lenders have also agreed to waive compliance by the loan parties with a provision of the Extended DIP Facility that would otherwise prohibit the loan parties from making a Pre-Petition Payment (as defined in

11


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

the Extended DIP Facility) to a particular vendor; this waiver will allow the loan parties to make a Pre-Petition Payment to such vendor in an amount up to $150.

        On June 29, 2004 and July 30, 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 $996,425, with the total commitment of the Tranche A Loan being reduced to $796,822 and the total commitment of the Tranche B Loan being reduced to $199,603. As of November 30, 2004, $425,572 under the Tranche A Loan has been drawn and letters of credit totaling $116,387 have been issued under the Tranche A Loan, leaving availability of $254,863 under the Tranche A Loan. Furthermore, as of November 30, 2004, $199,603 under the Tranche B Loan has been drawn.

        The foregoing summary of certain material terms and conditions of the Extended DIP Facility do not represent a complete summary of all of the material terms and conditions of the Extended DIP Facility and is qualified in its entirety by reference to the Extended DIP Facility and Amendment No. 1, Amendment No. 2 and Amendment No. 3 thereto, copies of which are attached as exhibits to the Company's Current Reports on Form 8-K filed with the SEC on May 12, 2004, July 27, 2004, September 27, 2004 and December 23, 2004, respectively.

    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 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.

        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. As disclosed in its Current Reports on Form 8-K filed on May 24, 2002 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 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

12


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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 has been scheduled for December 20, 2004 to hear issues, among others, the Motions to Dismiss.

        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 pursuant to their respective credit agreements. The Debtors have not responded yet to any of these actions.

13


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.

 
  November 30,
2004

Parent Debt:      

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     625,176
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     171,468
   
  Total subsidiary debt   $ 7,178,750
   
  Total parent and subsidiary debt, exclusive of co-borrowing credit facilities     14,095,794
  Debt under co-borrowing credit facilities attributable to Rigas Entities     2,846,156
   
    $ 16,941,950
   

14


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 $14,095,794 consists of liabilities subject to compromise of $13,421,601, bank financing under the Extended DIP Facility of $625,176 and capital leases of $49,017.

Weighted average interest rate payable by subsidiaries under credit agreements with banks   5.70 %

        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 $40,564 and $977,220 for the one and twenty-nine month periods ended November 30, 2004, respectively, of which $14,440 and $383,277 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-nine month periods ended November 30, 2004 is $102,186 and $2,768,648, respectively.

Other

        In July 2003 and again in January 2004, the Rigas Family sought approval from the Bankruptcy Court to use cash from the Rigas Entities to fund the Rigas Family members' civil and criminal defense costs. The Rigas Family claimed they were entitled to this funding based on certain purported indemnity and other rights they claimed they had as officers, directors, and controlling shareholders of the Rigas Entities. In an order dated August 7, 2003, the Bankruptcy Court granted the Rigas Family members' request to the extent of $15,000. In a decision rendered from the bench on February 18, 2004 and entered as an order on March 9, 2004, the Bankruptcy Court amended that order to allow an additional $12,800 to be spent on criminal defense costs and denied the Rigas Family members' request for additional funding for civil defense cost.

        Adelphia and the Creditors' Committee appealed the February 18, 2004 ruling and moved for a stay pending the appeal of the Bankruptcy's Court's March 9, 2004 order. A hearing on the motion for a stay pending appeal was held on March 17, 2004 in the District Court. On March 22, 2004 the District Court denied Adelphia's motion for a stay pending appeal of the Bankruptcy Court's March 9, 2004 order. On September 14, 2004, the Rigas Family members again moved to amend the August 7, 2003 and March 9, 2004 orders, seeking approximately $11,000 of additional cash from the Rigas Entities to fund civil and criminal defense costs. While that motion was pending, the District Court issued a decision on September 27, 2004, vacating the Bankruptcy Court's March 9, 2004 Order and remanding the matter back to the Bankruptcy Court for further consideration.

        On November 8, 2004, a hearing regarding evidentiary issues relating to the Rigas Family members' latest motion at which time the court granted Adelphia's motion to exclude certain evidence. Another evidentiary hearing was held on November 22, 2004 concerning the ability of the Rigases to obtain

15


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

additional funding of attorneys fees both pursuant to the request which was granted but vacated by the District Court and the latest request for an additional $11,000. The Bankruptcy Court has not yet ruled on the Rigas Family members' motions. As of November 30, 2004, the Rigas Entities had advanced $27,800 to the Rigas Family for defense costs.

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 and 2001. 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 and 2001 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. 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

16


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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 exceeds $3.2 trillion, but excludes any estimated amounts for unliquidated claims. 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. While the ultimate number and allowed amounts of such claims are not presently determinable, the Debtors have commenced the process of objecting to such invalid claims by filing their first omnibus objection to claims dated October 12, 2004 (the "Objection"). The Objection includes approximately 1,500 claims filed by 22 creditors totaling in excess of $4.5 billion. On November 30, 2004, the Court approved the Objection subject to the adjournment of certain claims to allow the parties to continue to reconcile such claims. 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.

        On December 3, 2003, the SEC filed a proof of claim in the Chapter 11 Cases against ACC for, among other things, unliquidated claims for penalties, disgorgement, and prejudgment interest arising from violations of the federal securities laws (the "SEC Claim"). On July 14, 2004, the Creditors' Committee initiated an adversary proceeding against the SEC alleging, among other things, that (i) pursuant to sections 510(b) and 726(a) of the Bankruptcy Code the SEC Claim should be subordinated to prevent the SEC from claiming a recovery for junior stockholders and subordinated noteholders prior to senior creditors being paid in full, and (ii) the court should grant declaratory relief that the SEC Claim applies only to ACC (as opposed to all of the Debtors) because, pursuant to the Bar Date Order, the failure to file separate proofs of claim against each of the Debtors bars the SEC from pursuing claims against any entity other than ACC. In response, on August 12, 2004, the SEC filed an Answer to the adversary proceeding initiated by the Creditors' Committee asserting, among other things, (i) it may recover against debtors affiliated with ACC that engaged in fraud, received the fruits of ACC's fraud, or otherwise commingled assets with ACC if the various estates are substantively consolidated (and if not, reserves the right to file an action to substantively consolidate the estates) and (ii) that the relief sought by the Creditors' Committee rests upon contingent

17


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

events that may not occur as anticipated by the Creditors' Committee and, therefore, are not ripe for judicial review. Presently, the parties are submitting legal briefs on the issue of whether the Creditors' Committee's suit is ripe for adjudication.

        Liabilities subject to compromise consist of the following:

 
  November 30, 2004
Parent and subsidiary debt   $ 13,421,601
Parent and subsidiary debt under co-borrowing credit facilities attributable to Rigas Family Entities     2,846,156
Accounts payable     881,598
Accrued and other liabilities     508,145
Intercompany payables     27,031,286
Related party payables     1,244,048
Cumulative redeemable exchangeable preferred stock     148,794
   
    $ 46,081,628
   

        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.

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 November 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.

18


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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 $166,750 for the respective one and twenty-nine month periods ended November 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.

        On October 29, 2004, Adelphia filed a motion with the Bankruptcy Court to postpone the conversion of Adelphia's 7.5% Series E Mandatory Convertible Preferred Stock into shares of Class A Common Stock from November 15, 2004 to February 1, 2005, to the extent such conversion was not already stayed by the Debtors' bankruptcy filing, in order to protect the Debtors' net operating loss carryovers. The motion was heard on November 10, 2004, and an order granting such postponement was entered by the Bankruptcy Court on November 18, 2004, effective as of November 14, 2004.

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 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 November 30, 2004, the Company has restricted cash of $5,473 for the payment of franchise obligations, as required by an agreement with the Company's insurance provider. Also included

19


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

in restricted cash is $3,612 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 primarily 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 $14,384.

12. Prepaid Expenses and Other Assets—Net

        Included in other assets—net are unamortized deferred financing fees of $154,976 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. 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 and 2001. 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-nine month period ended November 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.

        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-nine
Months Ended
November 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
   

20


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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.

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. Proceedings as to the complaint itself have been suspended. With respect to the cross-complaint, motion practice and discovery is proceeding concurrently, but no hearing on dispositive motions has been scheduled.

21


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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. 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., a Delaware limited partnership ("Devon Mobile"), dated as of November 3, 1995 (the "Devon Mobile Limited Partnership Agreement"), the Company owned a 49.9% limited partnership interest in Devon Mobile, 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 which 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 learned that its former subsidiary, TelCove, had elected to terminate certain services it provided to Devon Mobile. On August 19, 2002, Devon Mobile and certain of its subsidiaries filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court (the "Devon Bankruptcy Court"). 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 $129,000 in debt and equity claims, as well as an additional claim of approximately $35,000 relating to the Company's guarantee of certain Devon Mobile obligations (collectively, the "Company Claims"). On June 23, 2003, Devon Mobile 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

22


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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 based on 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 (the "Devon Complaint") in the Company's Chapter 11 cases in respect of the Devon Claims. On August 20, 2004, the Company filed an answer and counterclaim in response to the Devon Complaint denying the allegations made in the Devon Complaint and asserting various counterclaims against Devon Mobile, which encompassed the Company Claims (the "Company Answer"). On September 21, 2004, the Bankruptcy Court entered an order approving an amendment to the Devon Stay Stipulation which provides that the Company Claims will be prosecuted to final order in the Bankruptcy Court and will be given full force and effect by the Devon Bankruptcy Court taking into account the rights of set-off and/or recoupment of the parties with respect thereto. On September 30, 2004 Devon Mobile filed an answer with respect to the counterclaims asserted by the Company in the Company Answer and denying liability for the Company Claims. On October 13, 2004, the Company filed a motion for judgment on the pleadings dismissing Devon Mobile's demand for punitive damages and, by stipulation, Devon Mobile withdrew its punitive damages claims without prejudice. On November 22, 2004, the Company filed a motion for leave (the "Motion for Leave") to file a third-party complaint against Devon G.P., Inc. ("Devon G.P"), the general partner of Devon Mobile, and Lisa-Gaye Shearing Mead, the sole owner and President of Devon G.P. As of the date hereof, the Motion for Leave remains pending before the Bankruptcy Court. Any recovery of the Company Claims is uncertain at this time. The Company cannot predict the outcome of these legal proceedings or estimate the possible effects on the financial condition or results of operations of the Company.

    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 and 2001, 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 twenty-two months ended November 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 $35,856 and $931,418 for the one and twenty-nine month periods ended November 30, 2004, respectively. Included in these amounts are cash payments made by the Company of $14,524 and $391,664 for the one and twenty-nine month periods ended November 30, 2004, respectively, for interest on the co-borrowing credit facilities attributable to the Rigas family entities. Such

23


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

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-nine month periods ended November 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.

24


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
November 30, 2004

  Twenty-nine
Months Ended
November 30, 2004

 
EBITDA   $ 80,740   $ 1,937,725  
Adjustments to reconcile EBITDA to net loss from continuing operations:              
  Depreciation and amortization     (87,488 )   (2,291,392 )
  Interest expense     (40,564 )   (977,220 )
  Income tax benefit         35  
   
 
 
Net loss from continuing operations   $ (47,312 ) $ (1,330,852 )
   
 
 

        Reconciliation of EBITDA to Net Cash Provided by Operating Activities:

 
  Month Ended
November 30, 2004

  Twenty-nine
Months Ended
November 30, 2004

 
EBITDA   $ 80,740   $ 1,937,725  

Adjustments to reconcile EBITDA to net cash provided by operating activities:

 

 

 

 

 

 

 
  Amortization of bank financing costs     4,522     66,550  
  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     (787 )   (26,131 )
  Equity in losses of affiliates, net     187     110,741  
  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     6,551     207,223  
  Non-recurring professional fees, net of amounts paid     6,947     50,747  
  Change in Assets and Liabilities:              
    Subscriber receivables — net     (2,396 )   (4,711 )
    Other assets — net     (8,304 )   (69,821 )
    Accounts payable     16,354     14,270  
    Subscriber advance payments and deposits     (3,564 )   29,694  
    Accrued interest and other liabilities     (28,176 )   236,833  
    Liabilities subject to compromise     308     (113,011 )
    Intercompany receivables and payables — net     6,574     (17,741 )
Reorganization expenses paid during the period     (9,221 )   (175,994 )
Interest expense     (40,564 )   (977,220 )
Income tax benefit         35  
Discontinued operations         (46,139 )
   
 
 
Net cash provided by operating activities   $ 29,171   $ 1,409,673  
   
 
 

25


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 has since changed its name to TelCove, Inc. ("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. The Global Settlement also provides for the transfer by the Company to TelCove of certain CLEC market assets, together with various licenses, franchises and permits related to the operation and ownership of such assets, and for the execution of various annexes to the Global Settlement (the "Annex Agreements), 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; (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; and (iv) TelCove's management, pending transfer, of the Company's active CLEC markets pursuant to a master management agreement that amended and superceded pre-existing management agreements between the Company and TelCove. On March 23, 2004, the Bankruptcy Court approved the Global Settlement.

        The Global Settlement was consummated on April 7, 2004, at which time the Company paid $57,941 to TelCove and transferred the economic risks and benefits of the CLEC market assets to TelCove pursuant

26


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

to the terms of the Global Settlement and entered into the Annex Agreements which are effective in accordance with their terms. On August 20, 2004, the Company paid TelCove an additional $2,464 pursuant to the Global Settlement in connection with the resolution and release of certain claims. On August 21, 2004, the CLEC market assets were transferred to TelCove.

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 ("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 October 8, 2004, the Venture filed various claims in the Adelphia Debtors' bankruptcy proceedings relating to, among other things, Adelphia's conduct as manager of the Venture, alleged

27


ADELPHIA COMMUNICATIONS CORPORATION, et. al.
(DEBTORS-IN-POSSESSION)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands)

breaches of Adelphia's fiduciary duties to the Venture, and receivables alleged to be owing to the Venture by various Adelphia Debtors. The Venture cannot estimate at this time its recovery, if any, related to such claims.

        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 Group has since indicated that it is not prepared to proceed with a transaction on the terms set forth in the Vaughn Indication of Interest and has submitted a revised bid at a lower price. ML Media and Century are engaged in a process exploring the potential sale of the Venture to a third party, and from time to time have explored other potential transactions relating to CMLCV.

19. Statistical information

        The table below provides information on the number of basic customers, digital customers and high speed internet customers as of November 30, 2004 and October 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
November 30, 2004:                    
Basic customers   4,820,587   51,293   143,325   228,676   5,243,881
Digital customers   1,864,871     67,359   85,754   2,017,984
High speed internet customers   1,295,865   4,197   5,796   76,264   1,382,122
   
 
 
 
 
Total revenue generating units   7,981,323   55,490   216,480   390,694   8,643,987
   
 
 
 
 

October 31, 2004:

 

 

 

 

 

 

 

 

 

 
Basic customers   4,855,724   50,774   143,429   229,961   5,279,888
Digital customers   1,874,579     67,768   85,718   2,028,065
High speed internet customers   1,271,781   4,143   5,253   75,043   1,356,220
   
 
 
 
 
Total revenue generating units   8,002,084   54,917   216,450   390,722   8,664,173
   
 
 
 
 

20. Bankruptcy Court Reporting Schedules

        The Bankruptcy Court reporting schedules included in this report beginning on page 29 are for the period from November 1 through November 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.

28



ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES
Summary

 
  For the
Month Ended
November 30, 2004

  Reference
Gross wages paid   $ 45,779,096   Schedule I
Employee payroll taxes withheld     10,235,780   Schedule I
Employer payroll taxes due     3,225,300   Schedule I
Payroll taxes paid*     19,913,346   Schedule II*
Sales and other taxes due     6,665,199   Schedule III
Gross taxable sales     82,147,403   Schedule III
Real estate and personal property taxes paid     6,179,033   Schedule IV
Sales and other taxes paid     5,986,684   Schedule V
Cash disbursements     366,274,763   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.

29



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 November 30, 2004

Week Ending Date

  Gross
Wages Paid

  Employee Payroll
Taxes Withheld

  Employer Payroll
Taxes Due

12-Nov-04   $ 21,864,016   $ 4,769,749   $ 1,545,061
26-Nov-04     23,915,080     5,466,031     1,680,239
   
 
 
  Total   $ 45,779,096   $ 10,235,780   $ 3,225,300

30



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 November 30, 2004

Payee

  Payroll Taxes
Paid

  Payment
Date

INTERNAL REVENUE SERVICE   5,882,371   11/01/04
STATE OF ALABAMA   7,453   11/01/04
STATE OF ARIZONA   2,028   11/01/04
STATE OF CALIFORNIA   167,756   11/01/04
STATE OF COLORADO   73,227   11/01/04
STATE OF CONNECTICUT   11,722   11/01/04
STATE OF GEORGIA   7,273   11/01/04
STATE OF IDAHO   4,810   11/01/04
STATE OF INDIANA   897   11/01/04
STATE OF KANSAS   366   11/01/04
STATE OF KENTUCKY   22,544   11/01/04
STATE OF MAINE   24,401   11/01/04
STATE OF MARYLAND   11,406   11/01/04
STATE OF MASSACHUSETTS   25,514   11/01/04
STATE OF MICHIGAN   398   11/01/04
STATE OF NEW YORK   106,790   11/01/04
STATE OF NORTH CAROLINA   14,717   11/01/04
STATE OF OHIO   80,299   11/01/04
STATE OF OKLAHOMA   382   11/01/04
STATE OF PENNSYLVANIA   95,406   11/01/04
STATE OF SOUTH CAROLINA   3,004   11/01/04
STATE OF VERMONT   16,712   11/01/04
STATE OF VIRGINIA   57,861   11/01/04
STATE OF WISCONSIN   1,021   11/01/04
BUREAU OF EMPLOYMENT PROGRAMS   643   11/09/04
INTERNAL REVENUE SERVICE   5,504,207   11/15/04
STATE OF ARIZONA   1,873   11/15/04
STATE OF CALIFORNIA   159,958   11/15/04
STATE OF COLORADO   61,445   11/15/04
STATE OF CONNECTICUT   10,883   11/15/04
STATE OF GEORGIA   6,628   11/15/04
STATE OF IDAHO   4,446   11/15/04
STATE OF INDIANA   870   11/15/04
STATE OF KANSAS   333   11/15/04
STATE OF KENTUCKY   18,520   11/15/04
STATE OF MAINE   23,239   11/15/04

31


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 November 30, 2004

Payee

  Payroll Taxes
Paid

  Payment Date
STATE OF MARYLAND   12,235   11/15/04
STATE OF MASSACHUSETTS   26,065   11/15/04
STATE OF NEW YORK   101,159   11/15/04
STATE OF NORTH CAROLINA   12,406   11/15/04
STATE OF OHIO   75,255   11/15/04
STATE OF OKLAHOMA   346   11/15/04
STATE OF PENNSYLVANIA   93,962   11/15/04
STATE OF SOUTH CAROLINA   2,902   11/15/04
STATE OF VERMONT   15,030   11/15/04
STATE OF VIRGINIA   54,369   11/15/04
INTERNAL REVENUE SERVICE   6,216,303   11/29/04
STATE OF ARIZONA   3,822   11/29/04
STATE OF CALIFORNIA   204,769   11/29/04
STATE OF COLORADO   66,372   11/29/04
STATE OF CONNECTICUT   11,047   11/29/04
STATE OF GEORGIA   7,857   11/29/04
STATE OF IDAHO   4,773   11/29/04
STATE OF INDIANA   914   11/29/04
STATE OF KANSAS   352   11/29/04
STATE OF KENTUCKY   22,194   11/29/04
STATE OF MAINE   26,833   11/29/04
STATE OF MARYLAND   13,461   11/29/04
STATE OF MASSACHUSETTS   27,905   11/29/04
STATE OF MICHIGAN   284   11/29/04
STATE OF NEW YORK   120,039   11/29/04
STATE OF NORTH CAROLINA   14,380   11/29/04
STATE OF OHIO   91,207   11/29/04
STATE OF OKLAHOMA   323   11/29/04
STATE OF PENNSYLVANIA   95,847   11/29/04
STATE OF SOUTH CAROLINA   3,723   11/29/04
STATE OF VERMONT   22,151   11/29/04
STATE OF VIRGINIA   59,730   11/29/04
STATE OF WISCONSIN   611   11/29/04
ASHTABULA INCOME TAX   314   11/30/04
CENTRAL COLLECTION AGENCY   32,599   11/30/04
CITY OF CHILLICOTHE   5,101   11/30/04
CITY OF CLEVELAND HEIGHTS   4,842   11/30/04
CITY OF DANVILLE   380   11/30/04
CITY OF HUNTINGTON   272   11/30/04
CITY OF MARION   855   11/30/04
CITY OF NEWARK   2,927   11/30/04

32


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 November 30, 2004

Payee

  Payroll Taxes
Paid

  Payment
Date

CITY OF PITTSBURGH   3,377   11/30/04
DIRECTOR OF FINANCE   187   11/30/04
EMPLOYMENT SECURITY COMMISSION     11/30/04
LORAIN CITY TAX   2,022   11/30/04
MISSISSIPPI STATE TAX COMMISSN   3,572   11/30/04
MONTANA DEPARTMENT OF REVENUE   824   11/30/04
RITA   11,238   11/30/04
SCHOOL DISTRICT INCOME TAX   2,166   11/30/04
TREASURER CITY OF OWENSBORO   395   11/30/04
UTAH STATE TAX COMMISSION   272   11/30/04
VILLAGE OF GREENWOOD   320   11/30/04
VILLAGE OF GREENWOOD   320   11/30/04
VIRGINA EMPLOYMENT COMMISSION   980   11/30/04
WEST VIRGINIA DEPT OF TAX & REV   20,354   11/30/04
   
   
TOTAL   19,913,346    
   
   

33



ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 1 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

 
ACC CABLE COMMUNICATIONS FL-VA   $ 850   $ 17,004  
ACC CABLE COMMUNICATIONS FL-VA, LLC     9,954     142,193  
ACC CABLE COMMUNICATIONS FL-VA, LLC     1,276     42,551  
ACC TELECOMMUNICATIONS, LLC     587     9,781  
ADELPHIA CA CABLEVISION, LLC     78     1,302  
ADELPHIA CA CABLEVISION, LLC     216     4,312  
ADELPHIA CABLE COMM FL-VA, LLC     88     1,467  
ADELPHIA CABLE COMPANY     62     1,248  
ADELPHIA CABLE PARTNERS, L.P.     765,050     5,186,577  
ADELPHIA CABLE PARTNERS, L.P.     26,048     399,306  
ADELPHIA CABLEVISION CORP.     2,889     39,200  
ADELPHIA CABLEVISION OF BOCA RATON, LLC     284,256     1,927,985  
ADELPHIA CABLEVISION OF BOCA RATON, LLC     5,635     93,921  
ADELPHIA CABLEVISION OF FONTANA, LLC     1,809     30,153  
ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC     (24 )   (291 )
ADELPHIA CABLEVISION OF NEW YORK, INC.     1,960     26,777  
ADELPHIA CABLEVISION OF ORANGE COUNTY II,LLC     15,645     447,001  
ADELPHIA CABLEVISION OF SAN BERNARDINO, LLC     62,626     789,731  
ADELPHIA CABLEVISION OF SANTA ANA, LLC     33     4,320  
ADELPHIA CABLEVISION OF SIMI VALLEY, LLC     (16 )   (217 )
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC     2,129     28,390  
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC     16,511     330,218  
ADELPHIA CABLEVISION OF WPB III, LLC     46,629     322,048  
ADELPHIA CABLEVISION OF WPB III, LLC     1,302     18,600  
ADELPHIA CABLEVISION OF WPB IV, LLC     206,421     1,421,210  
ADELPHIA CABLEVISION OF WPB IV, LLC     4,940     82,337  
ADELPHIA CABLEVISION OF WPB V, LLC     21,081     146,499  
ADELPHIA CABLEVISION OF WPB V, LLC     477     7,942  
ADELPHIA CALIFORNIA CABLEVISION, LLC     538     8,270  
ADELPHIA CALIFORNIA CABLEVISION, LLC     (25 )   (257 )
ADELPHIA CENTRAL PENNSYLVANIA, LLC     470     7,835  
ADELPHIA CENTRAL PENNSYLVANIA, LLC     29,569     496,828  
ADELPHIA CLEVELAND, LLC     51,385     642,318  
ADELPHIA COMMUNICATIONS OF CA, LLC     10,315     257,879  
ADELPHIA COMMUNICATIONS OF CALIFORNIA LLL, LLC     (7 )   (90 )
ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC     32     554  
ADELPHIA COMPANY OF WESTERN CONNECTICUT     225,968     4,304,150  
ADELPHIA COMPANY OF WESTERN CONNECTICUT     271,125     4,518,771  
ADELPHIA GS CABLE, LLC     11,579     192,985  

34


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 2 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

ADELPHIA GS CABLE, LLC   89   1,083
ADELPHIA GS CABLE, LLC   75,875   1,264,592
ADELPHIA OF THE MIDWEST, INC.   30,804   403,965
ADELPHIA PRESTIGE CABLEVISION   8,067   161,357
ADELPHIA SECURITY   155   3,098
ADELPHIA TELECOMM OF FLORIDA, INC.   11,797   393,237
ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.   53,222   726,610
ADELPHIA TELECOMMUNICATIONS, INC.   31,451   922,387
ADELPHIA TELECOMMUNICATIONS, INC.   289   5,614
ADELPHIA TELECOMMUNICATIONS, INC.   13   654
ADELPHIA TELECOMMUNICATIONS, INC.   20   638
ADELPHIA TELECOMMUNICATIONS, INC.   138   1,668
ADELPHIA TELECOMMUNICATIONS, INC.   41   546
ADELPHIA TELECOMMUNICATIONS, INC.   358   7,164
ADELPHIA TELECOMMUNICATIONS, INC.   583   8,333
ADELPHIA TELECOMMUNICATIONS, INC.   3,481   64,664
ADELPHIA TELECOMMUNICATIONS, INC.   7,650   100,618
ADELPHIA TELECOMMUNICATIONS, INC.   7   140
ADELPHIA TELECOMMUNICATIONS, INC.   20,972   360,983
ADELPHIA TELECOMMUNICATIONS, INC.   5   84
ADELPHIA TELECOMMUNICATIONS, INC.   2,559   41,651
ADELPHIA TELECOMMUNICATIONS, INC.   639   19,042
ADELPHIA TELECOMMUNICATIONS, INC.   137   1,686
ADELPHIA TELECOMMUNICATIONS, INC.   434   7,243
ADELPHIA TELECOMMUNICATIONS, INC.   35   688
ADELPHIA TELECOMMUNICATIONS, INC.   55   1,202
ADELPHIA TELECOMMUNICATIONS, INC.   476   9,567
ALABAMA DEPT. OF REVENUE   219   3,652
BANK OF AMERICA   302   21,551
BETTER TV OF BENNINGTON   15   254
BETTER TV OF BENNINGTON   21,581   359,691
BLACKSBURG/SALEM CABLEVISION, INC.   15,284   152,837
BLACKSBURG/SALEM CABLEVISION, INC.   8,476   84,757
BLACKSBURG/SALEM CABLEVISION, INC.   568   18,931
BOARD OF EQUALIZATION   145   A
CA TELECONNECT FUND   34  
CABLE SENTRY CORP.   6,935   115,591
CCHCF-A   37  
CENTURY BERKSHIRE CABLE CORP.   110   3,674
CENTURY CABLE HOLDING, LLC   53   1,057
CENTURY CABLE HOLDINGS, LLC   8,686   117,091

35


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 3 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CENTURY CABLE HOLDINGS, LLC   6,881   114,688
CENTURY CABLE HOLDINGS, LLC   3,428   109,945
CENTURY CABLE HOLDINGS, LLC   8,481   141,356
CENTURY CABLE HOLDINGS, LLC   6,927   98,060
CENTURY CABLE HOLDINGS, LLC (SHENANGO)   250   8,334
CENTURY CABLE MANAGEMENT CORP.   17,798   339,009
CENTURY CABLE MANAGEMENT CORP.   21,602   360,028
CENTURY CABLEVISION HOLDINGS, LLC   3,762   111,537
CENTURY CAROLINA CORP.   29,058   416,590
CENTURY CAROLINA CORP. (DILLON)   18,953   299,633
CENTURY COLORADO SPRINGS PARTNERSHIP   312   6,242
CENTURY COLORADO SPRINGS PARTNERSHIP   2,876   88,873
CENTURY HUNTINGTON COMPANY   160,061   2,667,710
CENTURY ISLAND ASSOCIATES, INC.   33   459
CENTURY KANSAS CABLE TV CORP   16,755   221,917
CENTURY LYKENS CABLE   2,300   32,861
CENTURY MISSISSIPPI CORP.   34,205   488,647
CENTURY MOUNTAIN CORP.   1,308   26,152
CENTURY NORWICH CORP.   52,668   1,003,204
CENTURY NORWICH CORP.   63,435   1,057,249
CENTURY OHIO CABLE TELEVISION   1,489   29,774
CENTURY OHIO CABLE TV CORP   253   8,448
CENTURY OHIO TV CABLE CORP.   1,178   39,282
CENTURY VENTURE CORP.   31,718   1,016,326
CENTURY VIRGINIA CORP.   440   7,652
CENTURY WYOMING CABLE TV   136   1,648
CENTURY-TCI CA COMMUNICATIONS, L.P.   5,332   177,729
CENTURY-TCI CA COMMUNICATIONS, L.P.   3,231   107,697
CENTURY-TCI CA COMMUNICATIONS, L.P.   20,571   342,851
CENTURY-TCI CA COMMUNICATIONS, L.P.   26,321   438,679
CENTURY-TCI CA COMMUNICATIONS, L.P.   63,910   1,065,174
CENTURY-TCI CA COMMUNICATIONS, L.P.   12,334   246,684
CENTURY-TCI CA COMMUNICATIONS, L.P.   44,037   927,098
CENTURY-TCI CA COMMUNICATIONS, L.P.   40,291   503,635
CENTURY-TCI CA COMMUNICATIONS, L.P.   1,123   16,639
CENTURY-TCI CA COMMUNICATIONS, L.P.   34,250   684,997
CENTURY-TCI CA COMMUNICATIONS, L.P.   153,347   1,533,471
CENTURY-TCI CA COMMUNICATIONS, LP   908   16,112
CHCF-B   474  
CHECKPOINT SECURITY SYSTEM   1   37
CHELSEA COMMUNICATIONS, LLC   35   2,663

36


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 4 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CHELSEA COMMUNICATIONS, LLC   4,236   60,508
CHELSEA COMMUNICATIONS, LLC   66,787   1,011,899
CHELSEA COMMUNICATIONS, LLC   4,448   82,030
CITY O F MONTEREY     2
CITY OF ALAHAMBRA   3   56
CITY OF ALGOURA HILLS   12   245
CITY OF ARCADIA   9   181
CITY OF ASOTIN     3
CITY OF BALDWIN PARK   7   222
CITY OF BELLEVUE     2
CITY OF BOTHELL   2   36
CITY OF BRAWLEY   3   87
CITY OF BURBANK   6   91
CITY OF CLAREMONT   25   460
CITY OF COLFAX   2   29
CITY OF COLTON   5   137
CITY OF COMPTON   1   5
CITY OF CULVER CITY   7   61
CITY OF DESERT HOT SPRINGS   4   80
CITY OF EL MONTE   2   24
CITY OF ELK GROVE   1   25
CITY OF FONTANA   1   10
CITY OF GARDENA     9
CITY OF GLENDALE   2   27
CITY OF HAWTHORNE   1   28
CITY OF HOLTVILLE   1   17
CITY OF HUNTINGTON BEACH     7
CITY OF INDIO     3
CITY OF INGLEWOOD   3   30
CITY OF IRVINE     1
CITY OF KALAMA   5   87
CITY OF KIRKLAND   1   16
CITY OF LA HABRA   25   417
CITY OF LA VERNE     1
CITY OF LONG BEACH   2   43
CITY OF LONGVIEW   60   1,003
CITY OF LOS ANGELES   617   6,164
CITY OF MAMMOTH LAKE    
CITY OF MORENO VALLEY   29   489
CITY OF NORWALK   2   36
CITY OF OAKLAND     1

37


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 5 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

CITY OF OLYMPIA   1   16
CITY OF PALM SPRINGS   1   10
CITY OF PALOUSE   2   28
CITY OF PASADENA   4   53
CITY OF PICO RIVERA   6   115
CITY OF PLACENTIA   7   212
CITY OF PORT HUENEME    
CITY OF PORTERVILLE     7
CITY OF PULLMAN   16   201
CITY OF REDONDO BEACH   64   1,341
CITY OF RIALTO   22   272
CITY OF RIVERSIDE   3   50
CITY OF SALINAS   1   10
CITY OF SAN BERNARDINO   10   128
CITY OF SAN FRANCISCO   1   8
CITY OF SAN GABRIEL     5
CITY OF SAN JOSE   2   30
CITY OF SAN LUIS OBISPO     2
CITY OF SANTA ANA   16   270
CITY OF SANTA BARBARA     5
CITY OF SANTA CRUZ   4   59
CITY OF SANTA MONICA   155   1,552
CITY OF SANTA ROSA     2
CITY OF SEAL BEACH   15   135
CITY OF SEATTLE     1
CITY OF SHORELINE   1   17
CITY OF SIERRA MADRE   3   52
CITY OF SPOKANE   2   32
CITY OF STANWOOD     1
CITY OF TACOMA     5
CITY OF TORRANCE     4
CITY OF VANCOUVER   1   22
CITY OF VENTURA   10   209
CITY OF WENATCHEE     7
CITY OF WESTMINISTER     3
CITY OF WHITTIER   7   143
CITY OF WOODLAND   3   51
CITY OF ZILLAH     1
CMA CABLEVISION ASSOCIATES VII, L.P.   161   3,212
CMA CABLEVISION ASSOCIATES VII, L.P.   5,396   58,794
CMA CABLEVISION ASSOCIATES XI, L.P.   8   103

38


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 6 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

 
CMA CABLEVISION ASSOCIATES XI, L.P.   66   914  
CMA CABLEVISION ASSOCIATES XI, L.P.   3,304   48,951  
COMPTROLLER OF MARYLAND   603   12,072  
COUNTY OF LOS ANGELES   138   2,753  
COWLITZ CABLEVISION, INC.   6,284   104,733  
COWLITZ CABLEVISION, INC.   21,283   354,723  
COWLITZ CABLEVISION, INC.   1,057   35,229  
D.C. TREASURER   11   99  
DES MOINES   2   30  
EASTERN VIRGINIA CABLEVISION   16,265   81,326  
EASTERN VIRGINIA CABLEVISION   52   1,037  
EMPIRE SPORTS PARTNERS, L.P.     1  
FRONTIERVISION CABLE NEW ENGLAND, INC.   77   2,577  
FRONTIERVISION OPERATING PARTNERS   4,133   89,044  
FRONTIERVISION OPERATING PARTNERS   248,919   4,990,514  
FRONTIERVISION OPERATING PARTNERS   26,739   381,984  
FRONTIERVISION OPERATING PARTNERS   1,542   34,599  
FRONTIERVISION OPERATING PARTNERS   131,400   3,876,429  
FRONTIERVISION OPERATING PARTNERS 89-034419   32,538   472,799  
FRONTIERVISION OPERATING PARTNERS 99-032417   898   17,958  
FRONTIERVISION OPERATING PARTNERS, L.P.   16,511   275,183  
FRONTIERVISION OPERATING PARTNERS, L.P.   471   9,413  
FRONTIERVISION OPERATING PARTNERS, L.P.   296   4,827  
FRONTIERVISION OPERATING PARTNERS, L.P.   32,737   546,784  
FRONTIERVISION OPERATING PARTNERS, L.P.   2,271   45,419  
FRONTIERVISION OPERATING PARTNERS, L.P.   61,664   680,267  
GENESIS CABLE COMMUNICATIONS   4,156   74,472  
GENESIS CABLE COMMUNICATIONS, LLC   5,812   89,159  
GENESIS CABLE COMMUNICATIONS, LLC   4,407   62,950  
GENESIS CABLE MANAGEMENT, INC.   (57 ) (691 )
GENESIS CABLE OF MISSISSIPPI   138   22,359  
GLOBAL ACQUISITION PARTNERS, L.P.   15,723   157,231  
GLOBAL ACQUISITION PARTNERS, L.P. (FR)   532   7,604  
GLOBAL ACQUISITION PARTNERS, L.P. (LEX)   154   3,081  
GLOBAL ACQUISITION PARTNERS, L.P. (WIN)   1,383   27,663  
GS CABLE, LLC   7,172   143,694  
HARRON CABLEVISION OF NH, INC.   56,769   810,982  
ID USF   23    
IMPERIAL VALLEY CABLEVISION   8,329   208,226  
IMPERIAL VALLEY CABLEVISION   2,956   42,232  

39


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 7 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

KALAMAZOO COUNTY CABLEVISION, INC.   171   3,416
KEY BISCAYNE CABLEVISION   29,568   198,580
KEY BISCAYNE CABLEVISION   1,431   17,345
KOOTENAI CABLE INC.   3,844   59,260
LAKE CHAMPLAIN CABLE TELEVISION   23,942   399,039
LOUISA CABLEVISION, INC.   7   485
MARTHA'S VINEYARD CABLEVISION, LP   604   8,632
MERCOM OF FLORIDA, INC.   13,628   124,194
MICKELSON MEDIA, INC.   37,808   300,523
MICKELSON MEDIA, INC.   656   8,201
MICKELSON MEDIA, INC.   1,595   22,163
MOUNTAIN CABLE COMPANY   204,621   3,416,642
MOUNTAIN CABLE COMPANY, L.P.   7,661   109,440
MULTI-CHANNEL TV CABLE COMPANY   20,198   336,639
NATIONAL CABLE (BELLE GLADE)   444   7,406
NATIONAL CABLE (CLEWISTON)   111   3,703
NATIONAL CABLE ACQUISITION ASSOCIATES, L.P.   432,401   3,021,940
NATIONAL CABLE ACQUISITION ASSOCIATES, L.P.   8,746   156,954
NECA PAUSF   1,367  
NECA VUSF   211   16,648
NYS ESTIMATED CORPORATION TAX   272   72,552
NYS ESTIMATED CORPORATION TAX   2,732   109,268
OWENSBORO ON THE AIR   931   31,019
OWENSBORO ON THE AIR, INC.   4,240   82,259
OWENSBORO-BRUNSWICK, INC.   9,034   150,565
PA DEPT. OF REVENUE   4,792   95,801
PARNASSOS, L.P.   3,526   64,052
PARNASSOS, L.P.   13,198   217,422
PARNASSOS, LP (ASHTABULA)   3,182   58,794
PARNASSOS, LP (LAKE)   255   50,853
PARNASSOS, LP (LORIAN, VERMILLION)   4,633   77,821
PERICLES COMMUNICATIONS CORPORATION   168   3,042
PSU   226  
PULLMAN TV CABLE CO.   851   14,183
PULLMAN TV CABLE COMPANY   423   7,058
PULLMAN TV CABLE COMPANY   331   11,040
PULLMAN TV CABLE COMPANY   234   7,794
RENTAVISION OF BRUNSWICK, INC.   293   9,773
RICHMOND CABLE TELEVISION CORP.   6,534   108,896
ROBINSON/PLUM CABLEVISION, L.P.   10,134   155,647
SCRANTON CABLEVISION, INC.   28,536   923,426

40


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 8 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

 
SOUTHEAST FLORIDA CABLE, INC.   824,978   6,564,819  
SOUTHEAST FLORIDA CABLE, INC.   15,069   253,452  
SOUTHEAST FLORIDA CABLE, INC. (MARTIN)   556   8,045  
SOUTHEAST FLORIDA CABLE, INC. (ST. LUCIE)   7,369   113,370  
SOUTHWEST COLORADO CABLE INC.   1,926   32,095  
SOUTHWEST COLORADO CABLE INC.   3   45  
ST. LUCIE WEST CABLEVISION   296   11,824  
STARPOINT, LTD (MIAMI — BOCA BRANCH)   23,352   389,206  
STARPOINT, LTD (MIAMI BRANCH)   10,523   103,551  
STARPOINT, LTD (NAPLES)   8,967   277,697  
STARPOINT, LTD (ORLANDO)   3,443   57,383  
STARPOINT, LTD (TAMPA)   7,099   88,450  
STARPOINT, LTD- ADELPHIA SECURITY   5,432   71,779  
STATE OF NEW HAMPSHIRE   1,359   19,408  
SVHH CABLE ACQUISITION, L.P.   2,036   33,936  
SVHH CABLE ACQUISITION, L.P.   187   7,272  
SVHH CABLE ACQUISITION, L.P.   2,366   47,321  
TELE-MEDIA INVESTMENT PARTNERSHIP   166,424   1,153,344  
TELE-MEDIA INVESTMENT PARTNERSHIP   1,273   42,435  
TELESAT ACQUISITION, L.P.   225,767   1,591,682  
TELESAT ACQUISITION, L.P. (CENTRAL)   5,652   66,850  
TELESAT ACQUISITION, L.P. (CITRUS)   173   5,750  
TELESAT ACQUISITION, L.P. (OSCEOLA)   108   1,308  
TELESAT ACQUISITION, L.P. (WESTERN)   (114 ) (1,906 )
THREE RIVERS CABLE ASSOCIATES, L.P.   435   14,494  
THREE RIVERS CABLE ASSOCIATES, L.P.   746   11,002  
UCA, LLC   48,834   488,340  
UCA, LLC   8,223   113,424  
UCA, LLC   12,744   230,266  
UCA, LLC   3,384   73,268  
UCA, LLC   27,491   274,911  
USAC   3,232    
VALLEY VIDEO, INC.   50   1,669  
VAN BUREN COUNTY CABLEVISION, INC.   451   10,638  
WARRICK CABLEVISION, INC.   11,066   184,428  

41


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule III                                                         Page 9 of 9

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

Taxing Jurisdiction

  Sales and
Other
Taxes Due

  Gross
Taxable Sales

WELLSVILLE CABLEVISION, LLC     104     2,483
WEST BOCA ACQUISITION, L.P.     218,392     1,467,106
WEST BOCA ACQUISTION, L.P.     7,687     128,117
WILDERNESS CABLE COMPANY     11,954     199,233
YOUNG'S CABLE TV CORPORATION     714     12,073
YOUNG'S CABLE TV CORPORATION     29,190     486,495
   
 
    $ 6,665,199   $ 82,147,403
   
 

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

42



ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule IV                                                         Page 1 of 5

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

Payee

  Amount
Paid

  Check Date
ALACHUA COUNTY   $ 2,678   11/23/04
ASCOM HASLER/GE CAP PROG     46   11/27/04
ATHENS COUNTY TREASURER     43,088   11/23/04
BAILEYVILLE TOWN     4,656   11/23/04
BALDWIN TOWN     2,269   11/04/04
BARTOW COUNTY     123   11/04/04
BETHEL TOWN     4,825   11/10/04
BLACKBURN CENTER, LLC     433   11/27/04
BOYLE COUNTY FISCAL COURT     1,180   11/23/04
BRECKENRIDGE COUNTY SHERIFF     89   11/23/04
BREVARD COUNTY       11/30/04
BRIDGTON TOWN     227   11/04/04
BRIDGTON TOWN     33,169   11/10/04
BROOKFIELD TOWN     416   11/04/04
BROWARD COUNTY BOARD OF COUNTY     235,900   11/24/04
BURLINGTON CITY     19,117   11/08/04
CAL & JOANNE FAMILY LTD PRTNRSP     200   11/23/04
CAMDEN TOWN     5,214   11/10/04
CITY OF LEBANON       11/30/04
CITY OF LYNCHBURG     1,977   11/11/04
CITY OF MONTPELIER     11,370   11/10/04
CITY OF NEWPORT     15,479   11/04/04
CITY OF SOUTH BURLINGTON     35,747   11/10/04
CLAREMONT       11/30/04
COLLIER COUNTY TAX COLLECTOR     5,649   11/19/04
COUNTY OF CITRUS     85,326   11/17/04
COUNTY OF CITRUS     8,957   11/18/04
COUNTY OF CITRUS     8,185   11/22/04
COUNTY OF CITRUS     1,415   11/23/04
COUNTY OF HILLSBOROUGH     86,044   11/23/04
COUNTY OF OSCEOLA       11/30/04
COUNTY OF PULASKI       11/10/04
COUNTY OF WISE     13,613   11/10/04
DADE COUNTY TAX COLLECTOR     768,099   11/22/04
DE LAGE LANDEN FINANCIAL SERV     144   11/09/04
DORIS LAWTON     936   11/12/04
DORIS LAWTON     170   11/27/04
DOUG BELDON, TAX COLLECTOR     386   11/19/04
EARL WOOD TAX COLLECTOR     627   11/19/04
EASTLAKE COMMERCIAL     58   11/23/04

43


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule IV                                                         Page 2 of 5

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

Payee

  Amount
Paid

  Check Date
EDGECOMB TOWN TAX COLLECTOR   158   11/23/04
FAIR HAVEN TOWN TREASURER   3,430   11/08/04
FAIRFIELD COUNTY TREASURER   13,473   11/11/04
FLING A. TRAYLOR   19,840   11/08/04
FORSYTH COUNTY TAX COLLECTOR   137   11/10/04
FREDERICKSBURG CITY TREASURER   135   11/04/04
FRENCHBURG CITY TAX   201   11/08/04
FROSTBURG CITY TAX   10,359   11/22/04
GE CAPITAL FLEET SERVICES   6,076   11/10/04
GE CAPITAL FLEET SERVICES   338   11/12/04
GE CAPITAL FLEET SERVICES   75   11/16/04
GILMER COUNTY SHERIFF   847   11/22/04
GLADES COUNTY   34,622   11/22/04
GLENN FALLS CITY TREASURER   4,461   11/04/04
GLYNN COUNTY TAX COMMISSIONER   3,000   11/12/04
GWINNETT COUNTY   84,014   11/10/04
HALIFAX TOWN TREASURER   11,600   11/17/04
HALL COUNTY TAX COMMISSIONER     11/30/04
HANCOCK TOWN   3,198   11/04/04
HANCOCK TOWN TAX TREASURER   2,939   11/23/04
HARRISON COUNTY   533   11/10/04
HENDRY COUNTY   12,572   11/23/04
HONORABLE CELESTE SMITH   4,087   11/24/04
IOS CAPITAL   390   11/11/04
JAMES S. HENDERSON   919   11/18/04
JEFFERSON COUNTY TREASURER   25,770   11/04/04
KIR TEMECULA L.P.   105   11/24/04
LARRY C O'STEEN     11/22/04
LARRY C O'STEEN   3,229   11/23/04
LARRY C O'STEEN   243,356   11/24/04
LARRY SCHREDER   991   11/12/04
LEE COUNTY TAX COLLECTOR   2,400   11/19/04
LENOX TOWN TAX COLLECTOR   2,320   11/10/04
LINCOLN COUNTY TREASURER   1,413   11/22/04
LLB INVESTMENTS   5,021   11/09/04
LOS ANGELES COUNTY   2,336   11/22/04
LOS ANGELES COUNTY CA   20,623   11/10/04
LUFKIN WILLIAM L   469   11/10/04
MARINA LAKES GOLF COURSE   2,012   11/17/04
MARION COUNTY   15,556   11/23/04

44


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule IV                                                         Page 3 of 5

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

Payee

  Amount
Paid

  Check Date
NASSAU COUNTY     11/30/04
NEWPORT TOWN   3,602   11/10/04
NIAGARA FALLS SCHOOL DISTRICT   2,565   11/23/04
OCONEE COUNTY   2,250   11/04/04
OKEECHOBEE COUNTY TAX COLLECTOR   53,240   11/23/04
ORANGE COUNTY   2,660   11/12/04
ORANGE COUNTY     11/23/04
ORANGE COUNTY   283,200   11/24/04
ORLEANS VILLAGE TREASURER   5,125   11/04/04
OSSIPEE TAX DEPARTMENT     11/30/04
PAGE COUNTY     11/30/04
PALM BEACH COUNTY TAX COLLECTOR   1,508   11/19/04
PALM BEACH COUNTY TAX COLLECTOR     11/22/04
PALM BEACH COUNTY TAX COLLECTOR   2,806,343   11/24/04
PARK CENTRE DEVELOPMENT, INC.   19   11/30/04
PITNEY BOWES CREDIT CORPORATION   220   11/04/04
PITNEY BOWES CREDIT CORPORATION   20   11/05/04
PITNEY BOWES CREDIT CORPORATION   61   11/08/04
POLK COUNTY TREASURE   13,625   11/23/04
RICHMOND TOWN   5,701   11/10/04
RITE AID CORORATION   252   11/23/04
ROCKPORT TOWN   6,335   11/11/04
SEANCONY, LP   635   11/22/04
SHAW INDUSTRIES, LLC   14,334   11/17/04
SMITHFIELD TOWN   2,853   11/23/04
SPENCER COUNTY   783   11/04/04
ST ALBANS TOWN   4,206   11/08/04
ST LUCIE COUNTY   594,027   11/23/04
STATE OF MARYLAND   300   11/15/04
STOKES COUNTY   105   11/23/04
TOWN OF ALNA     11/30/04
TOWN OF ASHLAND   5,204   11/23/04
TOWN OF BARTON   8,045   11/04/04
TOWN OF BENNINGTON   63,210   11/04/04
TOWN OF BENNINGTON   43,186   11/24/04
TOWN OF BERLIN   32,023   11/10/04
TOWN OF BERLIN   2,900   11/11/04
TOWN OF CANTON   12,324   11/04/04
TOWN OF CARVER   7,426   11/10/04

45


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule IV                                                         Page 4 of 5

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

Payee

  Amount
Paid

  Check Date
TOWN OF CHARLOTTE   3,174   11/04/04
TOWN OF CHESHIRE   317   11/17/04
TOWN OF CHILMARK   544   11/10/04
TOWN OF COLCHESTER   39,170   11/10/04
TOWN OF FALMOUTH     11/30/04
TOWN OF HINESBURG   4,521   11/04/04
TOWN OF JERICHO   4,657   11/10/04
TOWN OF KINGFIELD TREASURER     11/30/04
TOWN OF KINGSTON     11/30/04
TOWN OF LINCOLN   19,452   11/04/04
TOWN OF LIVERMORE   6,569   11/04/04
TOWN OF LONDONDERRY     11/30/04
TOWN OF LUDLOW   27,384   11/10/04
TOWN OF MIDDLEBURY   3,231   11/08/04
TOWN OF MIDDLESEX   2,269   11/04/04
TOWN OF MIDDLESEX   677   11/24/04
TOWN OF MORRISTOWN   2,614   11/04/04
TOWN OF NEW VINEYARD   363   11/23/04
TOWN OF OWL'S HEAD   741   11/12/04
TOWN OF PITTSFORD   3,382   11/08/04
TOWN OF POWNAL   12,193   11/04/04
TOWN OF PUTNEY   3,430   11/08/04
TOWN OF ROCKINGHAM   2,233   11/08/04
TOWN OF RUMNEY     11/30/04
TOWN OF SHAFTSBURY   6,971   11/04/04
TOWN OF TEMPLE     11/30/04
TOWN OF WALES, MAINE   1,125   11/23/04
TOWN OF WARREN   11,087   11/04/04
TOWN OF WATERBURY   1,430   11/08/04
TOWN OF WATERFORD TAX COLLECTOR     11/30/04
TOWN OF WEATHERSFIELD   758   11/08/04
TOWN OF WELD   2,699   11/17/04
TOWN OF WHITEFIELD     11/30/04
TOWN OF WILLISTON   21,637   11/08/04
TREASURER, TOWN OF EAST   3,485   11/04/04
TSC, LC   435   11/22/04
UNION COUNTY SHERIFF TREASURER   622   11/24/04
UNION TOWN   7,452   11/04/04
UNITY TOWN TREASURER   2,642   11/23/04
VILLAGE OF NORTH BENNINGTON   8,131   11/04/04

46


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule IV                                                         Page 5 of 5

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

Payee

  Amount
Paid

  Check Date
VILLAGE OF NORTH BENNINGTON     3,264   11/24/04
VILLAGE OF OLD BENNINGTON     268   11/24/04
WALDOBORO TOWN     4,911   11/04/04
WARRICK COUNTY TREASURER     29,599   11/08/04
WASHINGTON COUNTY     8,066   11/23/04
WEST RUTLAND TOWN     2,676   11/08/04
WINDSOR TOWN     1,613   11/23/04
WISCASSET TOWN     3,677   11/23/04
WOLCOTT TOWN     460   11/08/04
YADKIN COUNTY       11/30/04
   
   
  Total   $ 6,179,033    
   
   

47



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 November 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date
Paid

FLAMINGO PARK OF COM   Telecommunications Tax   $ 35   11/03/04
BOARD OF EQUALIZATION   Gross Receipts Tax     178   11/04/04
CALIFORNIA HIGH COST FUND — A   Gross Receipts Tax     35   11/08/04
UNIVERSAL LIFETIME TELEPHONE SE   Gross Receipts Tax     236   11/08/04
CALIFORNIA HIGH COST FUND-B   Sales Tax     473   11/08/04
CALIFORNIA TELECONNECT FUND   Sales Tax     33   11/08/04
DEAF TRUST   Sales Tax     63   11/08/04
STATE OF NEW HAMPSHIRE   Utility Tax     95,054   11/08/04
INTERNAL REVENUE SERVICE   Federal Excise Tax     41,558   11/10/04
PUBLIC UTILITY COMMISSION OF   Gross Receipts Tax     10   11/10/04
ARIZONA DEPARTMENT OF REVENUE   Sales Tax     23   11/10/04
OKLAHOMA TAX COMMISSION   Sales Tax     507   11/10/04
STATE TAX DEPARTMENT   Sales Tax     36,668   11/10/04
CITY OF BALDWIN PARK   Utility Tax     5,268   11/10/04
CITY OF BEAUMONT   Utility Tax     3,160   11/10/04
CITY OF BRAWLEY   Utility Tax     8,420   11/10/04
CITY OF FONTANA   Utility Tax     2,185   11/10/04
CITY OF HERMOSA BEACH   Utility Tax     20,253   11/10/04
CITY OF HOLTVILLE   Utility Tax     2,047   11/10/04
CITY OF LA HABRA   Utility Tax     26,381   11/10/04
CITY OF MORENO VALLEY   Utility Tax     64,600   11/10/04
CITY OF PICO RIVERA   Utility Tax     12,154   11/10/04
CITY OF PLACENTIA   Utility Tax     15,542   11/10/04
CITY OF PORT HUENEME   Utility Tax     10,678   11/10/04
CITY OF RIALTO   Utility Tax     42,581   11/10/04
CITY OF SAN BERNARDINO   Utility Tax     63,770   11/10/04
CITY OF SANTA MONICA   Utility Tax     387   11/10/04
BOARD OF EQUALIZATION   Sales Tax     32   11/11/04
CITY OF COLORADO SPRINGS   Sales Tax     155   11/11/04
COLORADO DEPARTMENT OF REVENUE   Sales Tax     953   11/11/04
COMMONWEALTH OF MASS   Sales Tax     6,949   11/11/04
IDAHO STATE TAX COMMISSION   Sales Tax     4,171   11/11/04
INDIANA DEPT OF REVENUE   Sales Tax     66   11/11/04
NORTH CAROLINA DEPT OF REVENUE   Sales Tax     16,301   11/11/04
STATE TAX DEPARTMENT   Sales Tax     87,990   11/11/04
TREASURER STATE OF OHIO   Sales Tax     25,029   11/11/04
(blank)   Sales Tax     278   11/11/04
CITY OF REDONDO BEACH CA   Utility Tax     43,386   11/11/04
CITY OF SAN BUENAVENTURA   Utility Tax     34,622   11/11/04

48


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 November 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date
Paid

CITY OF SANTA MONICA   Utility Tax   151,306   11/11/04
CITY OF WINCHESTER   Utility Tax   15,894   11/11/04
PETERSBURG CITY O(T)   Utility Tax   24,612   11/11/04
TOWN OF MT CRESTED BUTTE   Utility Tax   1,415   11/11/04
TOWN OF SOUTH BOSTON   Utility Tax   4,355   11/11/04
CITY OF PULLMAN   Gross Receipts Tax   17   11/12/04
CITY OF RIVERSIDE   Gross Receipts Tax   6   11/12/04
STATE OF NEW HAMPSHIRE   Gross Receipts Tax   1,424   11/12/04
FLORIDA DEPT OF REVENUE   Sales Tax   13,915   11/12/04
INDIANA DEPT OF REVENUE   Sales Tax   1,742   11/12/04
MISSISSIPPI STATE TAX COMMISSIO   Sales Tax   41,044   11/12/04
ASHLAND INDEPENDENT BOARD OF   Utility Tax   10,371   11/12/04
BATH COUNTY SCHOOL D   Utility Tax   1,220   11/12/04
BEREA INDEPENDENT SCHOOL DIST   Utility Tax   2,388   11/12/04
BOURBON COUNTY SCHOOL   Utility Tax   593   11/12/04
BOYD COUNTY SCHOOL D   Utility Tax   2,831   11/12/04
BOYLE COUNTY SCHOOL DISTRICT   Utility Tax   1,581   11/12/04
BREATHITT COUNTY SCH   Utility Tax   1,078   11/12/04
BRECKINRIDGE COUNTY BOARD OF   Utility Tax   720   11/12/04
BURGIN EDUCATION BO   Utility Tax   329   11/12/04
BUTLER COUNTY SCHOOL DISTRICT   Utility Tax   54   11/12/04
CARTER COUNTY SCHOOL   Utility Tax   1,674   11/12/04
CLOVERPORT BOARD OF EDUCATION   Utility Tax   256   11/12/04
DANVILLE INDEPENDENT SCHOOL DIS   Utility Tax   4,687   11/12/04
DAVIESS CO BOARD OF EDUCATION   Utility Tax   16,588   11/12/04
ELLIOTT COUNTY SCHOO   Utility Tax   255   11/12/04
FRANKLIN COUNTY SCHOOL DISTRICT   Utility Tax   104   11/12/04
GARRARD COUNTY SCHOOL DISTRICT   Utility Tax   976   11/12/04
HANCOCK COUNTY BOARD OF   Utility Tax   769   11/12/04
HARLAN COUNTY SCHOOL   Utility Tax   232   11/12/04
HARRISON COUNTY SCHOOL DISTRICT   Utility Tax   2,628   11/12/04
HARRODSBURG BOARD OF EDUCATION   Utility Tax   2,680   11/12/04
HENDERSON CO BOARD OF EDUCATION   Utility Tax   2,369   11/12/04
JACKSON INDEPENDENT SCHOOLS   Utility Tax   504   11/12/04
JESSAMINE COUNTY BOARD OF EDUCA   Utility Tax   7,668   11/12/04
LAUREL COUNTY SCHOOL   Utility Tax   11,634   11/12/04
LEE COUNTY SCHOOL DI   Utility Tax   1,095   11/12/04
LESLIE COUNTY SCHOOL   Utility Tax   1,006   11/12/04
LETCHER COUNTY BOARD OF EDUCATI   Utility Tax   781   11/12/04
LEWIS COUNTY BOARD OF   Utility Tax   932   11/12/04

49


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 November 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date
Paid

LEWIS COUNTY SCHOOL   Utility Tax   290   11/12/04
LINCOLN COUNTY BOARD OF EDUCATI   Utility Tax   1,308   11/12/04
LOGAN COUNTY SCHOOL DISTRICT   Utility Tax   41   11/12/04
STATE OF NEW HAMPSHIRE   Utility Tax   24,804   11/12/04
ALABAMA DEPARTMENT OF REVENUE   Gross Receipts Tax   237   11/15/04
BOARD OF EQUALIZATION   Gross Receipts Tax   157   11/15/04
BOYD COUNTY SCHOOL D   Gross Receipts Tax   10   11/15/04
CITY OF ARCADIA   Gross Receipts Tax   10   11/15/04
CITY OF BRAWLEY   Gross Receipts Tax   6   11/15/04
CITY OF CULVER CITY   Gross Receipts Tax   9   11/15/04
CITY OF LA HABRA   Gross Receipts Tax   28   11/15/04
CITY OF LOS ANGELES   Gross Receipts Tax   606   11/15/04
CITY OF MORENO VALLEY   Gross Receipts Tax   32   11/15/04
CITY OF PASADENA   Gross Receipts Tax   5   11/15/04
CITY OF PICO RIVERA   Gross Receipts Tax   6   11/15/04
CITY OF PLACENTIA   Gross Receipts Tax   8   11/15/04
CITY OF REDONDO BEACH   Gross Receipts Tax   67   11/15/04
CITY OF SAN BERNARDINO   Gross Receipts Tax   10   11/15/04
CITY OF SANTA ANA   Gross Receipts Tax   13   11/15/04
CITY OF SEAL BEACH   Gross Receipts Tax   19   11/15/04
CITY OF SIERRA MADRE   Gross Receipts Tax   7   11/15/04
CITY OF VENTURA   Gross Receipts Tax   10   11/15/04
CITY OF WHITTIER   Gross Receipts Tax   11   11/15/04
DAVIESS CO BOARD OF EDUCATION   Gross Receipts Tax   11   11/15/04
IDAHO UNIVERSAL SERV   Gross Receipts Tax   22   11/15/04
MADISON COUNTY SCHOOL DISTRICT   Gross Receipts Tax   24   11/15/04
NECA VUSF   Gross Receipts Tax   215   11/15/04
MAINE REVENUE SERVICES   Sales Tax   5,928   11/15/04
TREASURER STATE OF OHIO   Sales Tax   3,721   11/15/04
CITY OF CHARLOTTSVILLE   Utility Tax   54,008   11/15/04
CITY OF WAYNESBORO   Utility Tax   27,609   11/15/04
COUNTY OF MONTGOMERY   Utility Tax   8,024   11/15/04
MADISON COUNTY SCHOOL DISTRICT   Utility Tax   18,987   11/15/04
MARION COUNTY SCHOOL   Utility Tax   2,707   11/15/04
MCLEAN COUNTY SCHOOL DISTRICT   Utility Tax   764   11/15/04
MENIFEE COUNTY SCHOO   Utility Tax   445   11/15/04
MERCER COUNTY SCHOOL DISTRICT   Utility Tax   1,804   11/15/04
MORGAN COUNTY SCHOOL   Utility Tax   1,064   11/15/04
NELSON COUNTY BOARD OF EDUCATIO   Utility Tax   1,350   11/15/04
NICHOLAS COUNTY SCHO   Utility Tax   677   11/15/04

50


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 November 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date
Paid

OHIO COUNTY SCHOOL DISTRICT   Utility Tax   18   11/15/04
OWENSBORO BOARD OF EDUCATION   Utility Tax   11,492   11/15/04
OWSLEY COUNTY BOARD OF EDUCATIO   Utility Tax   379   11/15/04
PARIS INDEPENDENT SCHOOLS   Utility Tax   2,976   11/15/04
PERRY COUNTY SCHOOL   Utility Tax   283   11/15/04
POWELL COUNTY SCHOOL   Utility Tax   1,911   11/15/04
ROCKCASTLE COUNTY SCHOOL   Utility Tax   920   11/15/04
RUSSELL INDEPENDENT   Utility Tax   6,224   11/15/04
SCOTT COUNTY SCHOOL   Utility Tax   7,802   11/15/04
TOWN OF BLACKSBURG   Utility Tax   13,390   11/15/04
UNION COUNTY SCHOOL DISTRICT   Utility Tax   2,970   11/15/04
WASHINGTON COUNTY BOARD OF EDU   Utility Tax   920   11/15/04
WEBSTER COUNTY BOARD OF   Utility Tax   719   11/15/04
WOLFE COUNTY SCHOOL   Utility Tax   585   11/15/04
WOODFORD COUNTY BOARD OF ED   Utility Tax   4,787   11/15/04
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   104   11/16/04
NYS SALES TAX PROCESSING   Sales Tax   5,670   11/16/04
PA DEPT. OF REVENUE   Sales Tax   15,603   11/16/04
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax   6,648   11/16/04
CITY OF SANTA MONICA   Gross Receipts Tax   166   11/17/04
VIRGINIA DEPARTMENT OF TAXATION   Sales Tax   5,129   11/17/04
WASHINGTON DEPT OF REVENUE   Sales Tax   3,849   11/17/04
TOWN OF ALBION   Utility Tax   353   11/17/04
COLORADO DEPT OF REVENUE   Sales Tax   3,109   11/19/04
COMPTROLLER OF MD   Sales Tax   13,961   11/19/04
CONNECTICUT DEPT OF REVENUE   Sales Tax   354,960   11/19/04
KENTUCKY REVENUE CABINET   Sales Tax   2,076   11/19/04
MASS DEPT OF REVENUE   Sales Tax   491   11/19/04
PA DEPARTMENT OF REVENUE   Sales Tax   188,522   11/19/04
SOUTH CAROLINA DEPARTMENT OF   Sales Tax   52,022   11/19/04
WEST VIRGINIA STATE TAX DEPT   Sales Tax   152,786   11/19/04
FLORIDA DEPT OF REVENUE   Gross Receipts Tax   55,123   11/22/04
FLORIDA DEPT OF REVENUE   Sales Tax   81,615   11/22/04
GEORGIA DEPARTMENT OF REVENUE   Sales Tax   19,018   11/22/04
INDIANA DEPT OF REVENUE   Sales Tax   28,128   11/22/04
NEW JERSEY SALES TAX   Sales Tax   509   11/22/04
TENNESSEE DEPT OF REVENUE   Sales Tax   61,817   11/22/04
VERMONT DEPT OF TAXES   Sales Tax   337,148   11/22/04
FLORIDA DEPT OF REVENUE   Telecommunications Tax   3,233,158   11/22/04
PUBLIC SERVICE COMMISSION   Gross Receipts Tax   226   11/24/04

51


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 November 30, 2004

Taxing Jurisdiction

  Tax Type
  Amount Paid
  Date
Paid

BOARD OF EQUALIZATION   Sales Tax     767   11/24/04
KANSAS DEPT OF REVENUE   Sales Tax     17,148   11/24/04
TREASURER — STATE OF OHIO   Sales Tax     41,492   11/26/04
TREASURER OF STATE OF OHIO   Sales Tax     88,692   11/26/04
       
   
  Total       $ 5,986,684    
       
   

52



ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 1 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ACC CABLE COMMUNICATIONS FL-VA, LLC   081-02-41904   02-41904   $ 4,953,361
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    
ACC OPERATIONS, INC.   081-02-41956   02-41956     539,128
ACC TELECOMMUNICATIONS HOLDINGS LLC   081-02-41864   02-41864    
ACC TELECOMMUNICATIONS LLC   081-02-41863   02-41863     417,155
ACC TELECOMMUNICATIONS OF VIRGINIA LLC   081-02-41862   02-41862    
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     7,079,954
ADELPHIA CABLEVISION ASSOCIATES, LP   081-02-41913   02-41913     556,541
ADELPHIA CABLEVISION CORP.   081-02-41752   02-41752     933,879
ADELPHIA CABLEVISION OF BOCA RATON, LLC   081-02-41751   02-41751     1,429,787
ADELPHIA CABLEVISION OF FONTANA, LLC   081-02-41755   02-41755    
ADELPHIA CABLEVISION OF INLAND EMPIRE, LLC   081-02-41754   02-41754     4,480,344
ADELPHIA CABLEVISION OF NEW YORK, INC.   081-02-41892   02-41892     2,758,611
ADELPHIA CABLEVISION OF NEWPORT BEACH, LLC   081-02-41947   02-41947     802,349
ADELPHIA CABLEVISION OF ORANGE COUNTY II, LLC   081-02-41781   02-41781     612,628
ADELPHIA CABLEVISION OF ORANGE COUNTY, LLC   081-02-41946   02-41946     574,439
ADELPHIA CABLEVISION OF SAN BERNANDINO, LLC   081-02-41753   02-41753    
ADELPHIA CABLEVISION OF SANTA ANA, LLC   081-02-41831   02-41831     2,560,978
ADELPHIA CABLEVISION OF SEAL BEACH, LLC   081-02-41757   02-41757     237,397
ADELPHIA CABLEVISION OF SIMI VALLEY, LLC   081-02-41830   02-41830     873,359
ADELPHIA CABLEVISION OF THE KENNEBUNKS, LLC   081-02-41943   02-41943     304,184
ADELPHIA CABLEVISION OF WEST PALM BEACH III, LLC   081-02-41783   02-41783     265,038
ADELPHIA CABLEVISION OF WEST PALM BEACH IV, LLC   081-02-41766   02-41766     2,606,078
ADELPHIA CABLEVISION OF WEST PALM BEACH V, LLC   081-02-41764   02-41764     232,552
ADELPHIA CABLEVISION, LLC   081-02-41858   02-41858     67,504,556
ADELPHIA CALIFORNIA CABLEVISION, LLC   081-02-41942   02-41942     3,342,880
ADELPHIA CENTRAL PENNSYLVANIA, LLC   081-02-41950   02-41950     4,150,648
ADELPHIA CLEVELAND, LLC   081-02-41793   02-41793     16,106,059
ADELPHIA COMMUNICATIONS CORPORATION   081-02-41729   02-41729     34,167
ADELPHIA COMMUNICATIONS INTERNATIONAL, INC.   081-02-41857   02-41857    
ADELPHIA COMMUNICATIONS OF CALIFORNIA II, LLC   081-02-41748   02-41748     2,755,803
ADELPHIA COMMUNICATIONS OF CALIFORNIA III, LLC   081-02-41817   02-41817     1,607,484
ADELPHIA COMMUNICATIONS OF CALIFORNIA, LLC   081-02-41749   02-41749     170,699
ADELPHIA COMPANY OF WESTERN CONNECTICUT   081-02-41801   02-41801     2,536,719
ADELPHIA GENERAL HOLDINGS III, LLC   081-02-41854   02-41854    

53


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 2 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
ADELPHIA GP HOLDINGS, LLC   081-02-41829   02-41829  
ADELPHIA GS CABLE, LLC   081-02-41908   02-41908   2,538,894
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   6,659,281
ADELPHIA TELECOMMUNICATIONS OF FLORIDA, INC.   081-02-41939   02-41939   67,811
ADELPHIA TELECOMMUNICATIONS, INC.   081-02-41851   02-41851   2,522,775
ADELPHIA WELLSVILLE, LLC   081-02-41850   02-41850  
ADELPHIA WESTERN NEW YORK HOLDINGS, LLC   081-02-41849   02-41849  
ARAHOVA COMMUNICATIONS, INC.   081-02-41815   02-41815   30,458
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   432,331
BLACKSBURG/SALEM CABLEVISION, INC.   081-02-41759   02-41759   1,036,361
BRAZAS COMMUNICATIONS, INC.   081-02-41804   02-41804  
BUENAVISION TELECOMMUNICATIONS, INC.   081-02-41938   02-41938   630,702
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  
CDA CABLE, INC.   081-02-41879   02-41879   257,766
CENTURY ADVERTISING, INC.   081-02-41731   02-41731  
CENTURY ALABAMA CORP   081-02-41889   02-41889   120,290
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   244,065
CENTURY CABLE HOLDING CORP   081-02-41814   02-41814  
CENTURY CABLE HOLDINGS, LLC   081-02-41812   02-41812   17,236,660
CENTURY CABLE MANAGEMENT CORPORATION   081-02-41887   02-41887   239,168
CENTURY CABLE OF SOUTHERN CALIFORNIA   081-02-41745   02-41745  
CENTURY CABLEVISION HOLDINGS, LLC   081-02-41936   02-41936   2,333,349
CENTURY CAROLINA CORP   081-02-41886   02-41886   653,599
CENTURY COLORADO SPRINGS CORP   081-02-41736   02-41736   138,831
CENTURY COLORADO SPRINGS PARTNERSHIP   081-02-41774   02-41774   6,313,328
CENTURY COMMUNICATIONS CORPORATION   081-02-12834   02-12834   1,622,378
CENTURY CULLMAN CORP   081-02-41888   02-41888   301,751
CENTURY ENTERPRISE CABLE CORP   081-02-41890   02-41890   365,723

54


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 3 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
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   2,217,855
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   31,818
CENTURY ISLAND CABLE TELEVISION CORP   081-02-41772   02-41772  
CENTURY KANSAS CABLE TELEVISION CORP   081-02-41884   02-41884   199,266
CENTURY LYKENS CABLE CORP   081-02-41883   02-41883   379,971
CENTURY MENDOCINO CABLE TELEVISION, INC.   081-02-41780   02-41780   737,708
CENTURY MISSISSIPPI CORP   081-02-41882   02-41882   424,896
CENTURY MOUNTAIN CORP   081-02-41797   02-41797   184,800
CENTURY NEW MEXICO CABLE TELEVISION CORP.   081-02-41784   02-41784   127
CENTURY NORWICH CORP   081-02-41881   02-41881   812,786
CENTURY OHIO CABLE TELEVISION CORP   081-02-41811   02-41811   640,085
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   102,110
CENTURY VIRGINIA CORP   081-02-41796   02-41796   512,190
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   94,550
CENTURY-TCI CALIFORNIA COMMUNICATIONS, LP   081-02-41743   02-41743   430
CENTURY-TCI CALIFORNIA, LP   081-02-41741   02-41741   40,174,132
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   14,123,703
CHESTNUT STREET SERVICES, LLC   081-02-41842   02-41842  
CLEAR CABLEVISION, INC.   081-02-41756   02-41756  
CMA CABLEVISION ASSOCIATES VII, LP   081-02-41808   02-41808   285,904
CMA CABLEVISION ASSOCIATES XI, LP   081-02-41807   02-41807   80,155
CORAL SECURITY, INC   081-02-41895   02-41895  
COWLITZ CABLEVISION, INC.   081-02-41877   02-41877   647,914
CP-MDU I LLC   081-02-41940   02-41940  
CP-MDU II LLC   081-02-41941   02-41941  

55


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 4 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
E & E CABLE SERVICE, INC.   081-02-41785   02-41785  
EASTERN VIRGINIA CABLEVISION HOLDINGS, LLC   081-02-41799   02-41799  
EASTERN VIRGINIA CABLEVISION, LP   081-02-41800   02-41800   352,672
EMPIRE SPORTS NETWORK, LP   081-02-41844   02-41844   358,430
FAE CABLE MANAGEMENT CORP   081-02-41734   02-41734  
FOP INDIANA, LP   081-02-41816   02-41816   242,226
FRONTIERVISION ACCESS PARTNERS, LLC   081-02-41819   02-41819   2,016,273
FRONTIERVISION CABLE NEW ENGLAND, INC.   081-02-41822   02-41822   843,230
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   70
FRONTIERVISION OPERATING PARTNERS, LLC   081-02-41825   02-41825  
FRONTIERVISION OPERATING PARTNERS, LP   081-02-41821   02-41821   24,469,397
FRONTIERVISION PARTNERS, LP   081-02-41828   02-41828   69
FT MYERS CABLEVISION, LLC   081-02-41948   02-41948  
FT. MYERS ACQUISITION LIMITED PARTNERSHIP   081-02-41949   02-41949  
GENESIS CABLE COMMUNICATIONS SUBSIDIARY, LLC   081-02-41903   02-41903  
GLOBAL ACQUISITION PARTNERS, LP   081-02-41933   02-41933   1,419,778
GLOBAL CABLEVISION II, LLC   081-02-41934   02-41934  
GRAFTON CABLE COMPANY   081-02-41788   02-41788  
GS CABLE, LLC   081-02-41907   02-41907   2,432,517
GS TELECOMMUNICATIONS LLC   081-02-41906   02-41906  
HARRON CABLEVISION OF NEW HAMPSHIRE, INC.   081-02-41750   02-41750   1,893,954
HUNTINGTON CATV, INC.   081-02-41765   02-41765  
IMPERIAL VALLEY CABLEVISION, INC.   081-02-41876   02-41876   1,010,802
KALAMAZOO COUNTY CABLEVISION, INC.   081-02-41922   02-41922  
KEY BISCAYNE CABLEVISION   081-02-41898   02-41898   159,335
KOOTENAI CABLE, INC.   081-02-41875   02-41875   1,160,599
LAKE CHAMPLAIN CABLE TELEVISION CORPORATION   081-02-41911   02-41911   264,597
LEADERSHIP ACQUISITION LIMITED PARTNERSHIP   081-02-41931   02-41931  
LOUISA CABLEVISION, INC.   081-02-41760   02-41760   17,346
MANCHESTER CABLEVISION, INC.   081-02-41758   02-41758  
MARTHA'S VINEYARD CABLEVISION, LP   081-02-41805   02-41805   246,256
MERCURY COMMUNICATIONS, INC.   081-02-41840   02-41840   57,210
MICKELSON MEDIA OF FLORIDA, INC.   081-02-41874   02-41874   335,338
MICKELSON MEDIA, INC.   081-02-41782   02-41782   125,190
MONTGOMERY CABLEVISION, INC.   081-02-41848   02-41848  
MONUMENT COLORADO CABLEVISION, INC.   081-02-41932   02-41932   136,353
MOUNTAIN CABLE COMMUNICATIONS CORPORATION   081-02-41916   02-41916   1,356
MOUNTAIN CABLE COMPANY, LP   081-02-41909   02-41909   4,283,844

56


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 5 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
MT. LEBANON CABLEVISION, INC   081-02-41920   02-41920  
MULTI-CHANNEL TV CABLE COMPANY   081-02-41921   02-41921   507,622
NATIONAL CABLE ACQUISITION ASSOCIATES, LP   081-02-41952   02-41952   3,317,205
OLYMPUS CABLE HOLDINGS, LLC   081-02-41925   02-41925   19,807,395
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   48
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   3,763,648
PAGE TIME, INC.   081-02-41839   02-41839   1,363
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   214,192
PARNASSOS HOLDINGS, LLC   081-02-41845   02-41845  
PARNASSOS, LP   081-02-41843   02-41843   17,001,641
PERICLES COMMUNICATIONS CORPORATION   081-02-41919   02-41919   81
PULLMAN TV CABLE CO., INC.   081-02-41873   02-41873   472,946
RENTAVISION OF BRUNSWICK, INC.   081-02-41872   02-41872   234,293
RICHMOND CABLE TELEVISION CORPORATION   081-02-41912   02-41912   93,783
RIGPAL COMMUNICATIONS, INC.   081-02-41917   02-41917  
ROBINSON/PLUM CABLEVISION, LP   081-02-41927   02-41927   583,171
S/T CABLE CORPORATION   081-02-41791   02-41791  
SABRES, INC.   081-02-41838   02-41838  
SCRANTON CABLEVISION, INC.   081-02-41761   02-41761   1,831,449
SENTINEL COMMUNICATIONS OF MUNCIE, INDIANA, INC.   081-02-41767   02-41767  
SOUTHEAST FLORIDA CABLE, INC.   081-02-41900   02-41900   16,843,634
SOUTHWEST COLORADO CABLE INC.   081-02-41769   02-41769   140,093
SOUTHWEST VIRGINIA CABLE, INC.   081-02-41833   02-41833   767,516
STAR CABLE INC.   081-02-41787   02-41787  
STARPOINT, LIMITED PARTNERSHIP   081-02-41897   02-41897   1,000,492
SVHH CABLE ACQUISITION, LP   081-02-41836   02-41836   1,005,871
SVHH HOLDINGS, LLC   081-02-41837   02-41837  
TELE-MEDIA COMPANY OF HOPEWELL-PRINCE GEORGE   081-02-41798   02-41798   180,049
TELE-MEDIA COMPANY OF TRI-STATES, LP   081-02-41809   02-41809  
TELE-MEDIA INVESTMENT PARTNERSHIP, LP   081-02-41951   02-41951   1,795,083
TELESAT ACQUISITION LIMITED PARTNERSHIP   081-02-41929   02-41929  
TELESAT ACQUISITION, LLC   081-02-41871   02-41871   3,108,081
THE GOLF CLUB AT WENDING CREEK FARMS, LLC   081-02-41841   02-41841  
THE MAIN INTERNETWORKS, INC.   081-02-41818   02-41818   9

57


ADELPHIA COMMUNICATIONS CORPORATION, et al.
(DEBTORS-IN-POSSESSION)
BANKRUPTCY COURT REPORTING SCHEDULES

                                                                             Schedule VI                                                         Page 6 of 6

Court Reporting schedules for Cash Disbursements
for the Month Ended November 30, 2004

LEGAL ENTITY

  Account
Number

  Case
Number

  Disbursements
THE WESTOVER TV CABLE CO., INC.   081-02-41786   02-41786    
THREE RIVERS CABLE ASSOCIATES, LP   081-02-41910   02-41910     1,106,602
TIMOTHEOS COMMUNICATIONS, LP   081-02-41901   02-41901    
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     10,377,591
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     102,893
VAN BUREN COUNTY CABLEVISION, INC.   081-02-41832   02-41832     160,075
WARRICK CABLEVISION, INC   081-02-41866   02-41866    
WARRICK INDIANA, LP   081-02-41865   02-41865     253,050
WELLSVILLE CABLEVISION, LLC   081-02-41806   02-41806     381,838
WEST BOCA ACQUISITION LIMITED PARTNERSHIP   081-02-41899   02-41899     2,075,981
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     111,658
YOUNG'S CABLE TV CORP   081-02-41915   02-41915     316,782
YUMA CABLEVISION, INC.   081-02-41868   02-41868     1,069,088
           
  Total           $ 366,274,763
           

58



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   05/16/04 – 05/16/05
        TX – 5189090    
        All other states – 5189087    



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
 
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.)   PHR073190   10/15/04 – 10/15/05

59


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.)   GM3380176-02   11/01/04 – 11/01/05



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   12/19/04 – 12/19/05



New York Disability   Cigna   NYD 074487   07/01/04 – 12/31/05



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   12/08/04 – 12/31/05



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 coverages.

60




QuickLinks

ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in thousands, except per share amounts)
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except per share amounts)
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in thousands)
ADELPHIA COMMUNICATIONS CORPORATION, et. al. (DEBTORS-IN-POSSESSION) NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Dollars in thousands)
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) BANKRUPTCY COURT REPORTING SCHEDULES Summary
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 November 30, 2004
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 November 30, 2004
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) BANKRUPTCY COURT REPORTING SCHEDULES Schedule III Page 1 of 9 Court Reporting schedules for Sales and Other Taxes Due and Gross Taxable Sales for the Month Ended November 30, 2004
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) BANKRUPTCY COURT REPORTING SCHEDULES Schedule IV Page 1 of 5 Court Reporting schedules for Real Estate and Personal Property Taxes Paid for the Month Ended November 30, 2004
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 November 30, 2004
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) BANKRUPTCY COURT REPORTING SCHEDULES Schedule VI Page 1 of 6 Court Reporting schedules for Cash Disbursements for the Month Ended November 30, 2004
ADELPHIA COMMUNICATIONS CORPORATION, et al. (DEBTORS-IN-POSSESSION) BANKRUPTCY COURT REPORTING SCHEDULES Schedule VII Page 1 of 2 Court Reporting schedules for Insurance Coverage
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