##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-Q
 
 Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 For
the quarterly period ended March 31, 2010
 Commission File Number: 0-29227
 Mediacom Communications Corporation
  Delaware(State of incorporation)
    
    06-1566067(I.R.S. Employer
Identification Number)
 100 Crystal Run Road
Middletown, NY 10941  (Address of principal executive offices)
 (845) 695-2600  (Registrants telephone number)
 þ Yes o No
 o Yes o No
  o Large accelerated filer
    
    þ Accelerated filer
    
    o Non-accelerated filer
    
    o Smaller reporting company
 o Yes þ No




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##### 



MEDIACOM COMMUNICATIONS CORPORATION AND SUBSIDIARIES
 FORM 10-Q
FOR THE PERIOD ENDED MARCH 31, 2010
 TABLE OF CONTENTS
 PagePART IItem 1. Financial Statements
    
    
    4Consolidated Balance Sheets (unaudited) March 31, 2010 and December 31, 2009
    
    
    4Consolidated Statements of Operations (unaudited) Three Months Ended March 31, 2010 and 2009
    
    
    5Consolidated Statements of Cash Flows (unaudited) Three Months Ended March 31, 2010 and 2009
    
    
    6Notes to Consolidated Financial Statements (unaudited)
    
    
    7Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    17Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    
    27Item 4. Controls and Procedures
    
    
    27PART IIItem 1. Legal Proceedings
    
    
    28Item 1A. Risk Factors
    
    
    28Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    28Item 3. Defaults upon Senior Securities
    
    
    28Item 4. Reserved
    
    
    28Item 5. Other Information
    
    
    28Item 6. Exhibits
    
    
    28Exhibit 31.1Exhibit 32.1
    2




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Cautionary Statement Regarding Forward-Looking Statements
   
    
    increased levels of competition from existing and new competitors;
 
    
    lower demand for our video, high-speed data and phone services;
 
    
    our ability to successfully introduce new products and services to meet customer demands
and preferences;
 
    
    changes in laws, regulatory requirements or technology that may cause us to incur
additional costs and expenses;
 
    
    greater than anticipated increases in programming costs and delivery expenses related to
our products and services;
 
    
    changes in assumptions underlying our critical accounting policies;
 
    
    the ability to secure hardware, software and operational support for the delivery of
products and services to our customers;
 
    
    disruptions or failures of network and information systems upon which our business
relies;
 
    
    our reliance on certain intellectual properties;
 
    
    our ability to generate sufficient cash flow to meet our debt service obligations;
 
    
    fluctuations in short term interest rates which may cause our interest expense to vary
from quarter to quarter;
 
    
    instability in the capital and credit markets, which may impact our ability to refinance
future debt maturities or provide funding for potential strategic transactions, on similar
terms as we currently experience; and
 
    
    other risks and uncertainties discussed in this Quarterly Report, our Annual Report on
Form 10-K for the year ended December 31, 2009 and other reports or documents that we file
from time to time with the SEC.
   3




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##### Table of Contents



PART I
 
 ITEM 1. FINANCIAL STATEMENTS
 MEDIACOM COMMUNICATIONS CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED BALANCE SHEETS
   March 31,
    
    
    December 31,2010
    
    
    2009ASSETSCURRENT ASSETSCash and
cash equivalents
    
    $
    100,556
    
    
    $
    80,916Accounts receivable, net of allowance for doubtful accounts of $1,461 and $2,180
    
    
    78,496
    
    
    
    86,337Prepaid expenses and other current assets
    
    
    21,962
    
    
    
    17,030Deferred tax assets
    
    
    22,039
    
    
    
    22,616Total current assets
    
    
    223,053
    
    
    
    206,899Property, plant and equipment, net of accumulated
depreciation of $2,019,843 and $1,965,091
    
    
    1,477,570
    
    
    
    1,478,489Franchise rights
    
    
    1,793,715
    
    
    
    1,793,715Goodwill
    
    
    219,991
    
    
    
    219,991Subscriber lists and other intangible assets, net of accumulated amortization of $153,182
and $152,552
    
    
    4,843
    
    
    
    5,472Other assets, net of accumulated amortization of $15,561 and $13,961
    
    
    43,805
    
    
    
    50,468Deferred income taxes  non current
    
    
    217,049
    
    
    
    222,695Total assets
    
    $
    3,980,026
    
    
    $
    3,977,729LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIESAccounts payable, accrued expenses and other current liabilities
    
    $
    265,883
    
    
    $
    268,575Deferred revenue
    
    
    57,244
    
    
    
    56,996Current portion of long-term debt
    
    
    71,500
    
    
    
    95,000Total current liabilities
    
    
    394,627
    
    
    
    420,571Long-term debt, less current portion
    
    
    3,283,500
    
    
    
    3,270,000Other non-current liabilities
    
    
    27,375
    
    
    
    22,130Total liabilities
    
    
    3,705,502
    
    
    
    3,712,701Commitments and contingencies (Note 9)STOCKHOLDERS EQUITYClass A common stock, $.01 par value; 300,000,000 shares authorized; 97,160,933 shares
issued and 40,988,077 shares outstanding as of March 31, 2010 and 96,554,912 shares issued
and 40,621,955 shares outstanding as of December 31, 2009
    
    
    410
    
    
    
    406Class B common stock, $.01 par value; 100,000,000 shares authorized; 27,001,944 shares issued
and outstanding
    
    
    270
    
    
    
    270Additional paid-in capital
    
    
    1,015,387
    
    
    
    1,013,517Accumulated deficit
    
    
    (446,152
    )
    
    
    (454,670
    )Treasury stock, at cost, 56,172,856 and 55,932,957 shares of Class A common stock
    
    
    (295,391
    )
    
    
    (294,495
    )Total stockholders equity
    
    
    274,524
    
    
    
    265,028Total liabilities and stockholders equity
    
    $
    3,980,026
    
    
    $
    3,977,729
   4




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MEDIACOM COMMUNICATIONS CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF OPERATIONS
   Three Months EndedMarch 31,2010
    
    
    2009Revenues
    
    $
    368,679
    
    
    $
    360,438Costs and expenses:Service costs (exclusive of depreciation and amortization)
    
    
    157,619
    
    
    
    152,808Selling, general and administrative expenses
    
    
    66,373
    
    
    
    66,084Corporate expenses
    
    
    8,258
    
    
    
    8,207Depreciation and amortization
    
    
    59,300
    
    
    
    58,394Operating income
    
    
    77,129
    
    
    
    74,945Interest expense, net
    
    
    (49,626
    )
    
    
    (48,921
    )Loss on derivatives, net
    
    
    (11,707
    )
    
    
    (1,671
    )Gain on sale of cable systems, net
    
    
    
    
    
    
    13,817Other expense, net
    
    
    (1,055
    )
    
    
    (2,465
    )Income before income taxes
    
    $
    14,741
    
    
    $
    35,705Provision for income taxes
    
    
    (6,223
    )
    
    
    (13,343
    )Net income
    
    $
    8,518
    
    
    $
    22,362Basic weighted average shares outstanding
    
    
    67,739
    
    
    
    80,597Basic earnings per share
    
    $
    0.13
    
    
    $
    0.28Diluted weighted average shares outstanding
    
    
    71,138
    
    
    
    83,607Diluted earnings per share
    
    $
    0.12
    
    
    $
    0.27
   5




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##### Table of Contents



MEDIACOM COMMUNICATIONS CORPORATION AND SUBSIDIARIES
 
 CONSOLIDATED STATEMENTS OF CASH FLOWS
   Three Months EndedMarch 31,2010
    
    
    2009OPERATING ACTIVITIES:Net income
    
    $
    8,518
    
    
    $
    22,362Adjustments to reconcile net loss to net cash provided by operating activities:Depreciation and amortization
    
    
    59,300
    
    
    
    58,394Loss on derivatives, net
    
    
    11,707
    
    
    
    1,671Gain on sale of cable systems, net
    
    
    
    
    
    
    (12,557
    )Amortization of deferred financing costs
    
    
    1,601
    
    
    
    1,360Share-based compensation
    
    
    1,875
    
    
    
    1,745Deferred income taxes
    
    
    6,223
    
    
    
    13,343Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable, net
    
    
    7,841
    
    
    
    2,783Prepaid expenses and other assets
    
    
    (4,534
    )
    
    
    (5,507
    )Accounts
payable, accrued expenses and other current liabilities
    
    
    (3,983
    )
    
    
    244Deferred revenue
    
    
    248
    
    
    
    759Other non-current liabilities
    
    
    (148
    )
    
    
    (147
    )Net cash flows provided by operating activities
    
    $
    88,648
    
    
    $
    84,450INVESTING ACTIVITIES:Capital expenditures
    
    
    (57,850
    )
    
    
    (54,778
    )Net cash flows used in investing activities
    
    $
    (57,850
    )
    
    $
    (54,778
    )FINANCING ACTIVITIES:New borrowings
    
    
    134,750
    
    
    
    260,125Repayment of debt
    
    
    (144,750
    )
    
    
    (176,124
    )Net settlement of restricted stock units
    
    
    (898
    )
    
    
    (1,543
    )Repurchase of Class A common stock
    
    
    
    
    
    
    (110,000
    )Other financing activities  book overdrafts
    
    
    (260
    )
    
    
    104Net cash flows used in financing activities
    
    $
    (11,158
    )
    
    $
    (27,438
    )Net increase in cash
    
    
    19,640
    
    
    
    2,234CASH AND
CASH EQUIVALENTS, beginning of period
    
    
    80,916
    
    
    
    67,111CASH AND
CASH EQUIVALENTS, end of period
    
    $
    100,556
    
    
    $
    69,345SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:Cash paid during the period for interest, net of amounts capitalized
    
    $
    46,459
    
    
    $
    55,045NON-CASH TRANSACTIONS  FINANCING:Repurchase of Class A common stock exchanged for assets held for sale (Note 12)
    
    $
    
    
    
    $
    29,284
   6




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##### Table of Contents



MEDIACOM
COMMUNICATIONS CORPORATION AND SUBSIDIARIES
 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 1. STATEMENT OF ACCOUNTING PRESENTATION AND OTHER INFORMATION
 Basis of Preparation of Unaudited Consolidated Financial Statements
   Reclassifications
  2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 Improving
Disclosures about Fair value Measurements
 3. FAIR VALUE
  
    
    Level 1  Quoted market prices in active markets for identical assets or liabilities.
 
    
    Level 2  Observable market based inputs or unobservable inputs that are corroborated by
market data.
 
    
    Level 3  Unobservable inputs that are not corroborated by market data.
  7




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##### Table of Contents



Fair Value as of March 31, 2010(dollars in thousands)
    
    Level 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalAssetsInterest rate exchange agreements
    
    $
    
    
    
    $
    28
    
    
    $
    
    
    
    $
    28LiabilitiesInterest rate exchange agreements
    
    $
    
    
    
    $
    62,099
    
    
    $
    
    
    
    $
    62,099Interest rate exchange agreements  liabilities, net
    
    $
    
    
    
    $
    62,071
    
    
    $
    
    
    
    $
    62,071
  Fair Value as of December 31, 2009(dollars in thousands)
    
    Level 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalAssetsInterest rate exchange agreements
    
    $
    
    
    
    $
    4,791
    
    
    $
    
    
    
    $
    4,791LiabilitiesInterest rate exchange agreements
    
    $
    
    
    
    $
    55,155
    
    
    $
    
    
    
    $
    55,155Interest rate exchange agreements  liabilities, net
    
    $
    
    
    
    $
    50,364
    
    
    $
    
    
    
    $
    50,364
 4. EARNINGS PER SHARE
 Earnings per Share
   8




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5. PROPERTY, PLANT AND EQUIPMENT
  March 31,
    
    
    December 31,2010
    
    
    2009Cable systems, equipment and subscriber devices
    
    $
    3,306,619
    
    
    $
    3,252,864Vehicles
    
    
    74,828
    
    
    
    75,494Furniture, fixtures and office equipment
    
    
    64,753
    
    
    
    64,099Buildings and leasehold improvements
    
    
    43,577
    
    
    
    43,493Land and land improvements
    
    
    7,635
    
    
    
    7,6303,497,412
    
    
    
    3,443,580Accumulated depreciation
    
    
    (2,019,842
    )
    
    
    (1,965,091
    )Property, plant and equipment, net
    
    $
    1,477,570
    
    
    $
    1,478,489
 6. ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
  March 31,
    
    
    December 31,2010
    
    
    2009Liabilities under interest rate exchange agreements
    
    $
    42,142
    
    
    $
    40,591Accrued programming costs
    
    
    39,413
    
    
    
    34,917Accrued interest
    
    
    33,503
    
    
    
    30,310Accrued payroll and benefits
    
    
    31,574
    
    
    
    31,451Accrued taxes and fees
    
    
    27,495
    
    
    
    30,611Book overdrafts(1)
    
    
    17,045
    
    
    
    17,305Accrued property, plant and equipment
    
    
    16,865
    
    
    
    12,188Subscriber advance payments
    
    
    15,523
    
    
    
    15,563Accrued service costs
    
    
    14,255
    
    
    
    17,751Accounts payable
    
    
    5,917
    
    
    
    13,287Accrued telecommunications
    
    
    4,049
    
    
    
    5,105Other accrued expenses
    
    
    18,102
    
    
    
    19,496Accounts payable, accrued expenses and other current liabilities
    
    $
    265,883
    
    
    $
    268,575
 (1)
    
    Book overdrafts represent outstanding checks in excess of funds on deposit at our
disbursement accounts. We transfer funds from our depository accounts to our disbursement
accounts upon daily notification of checks presented for payment. Changes in book overdrafts
are reported as part of cash flows from financing activities in our consolidated statement of cash flows.  9




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##### Table of Contents



7. DEBT
  March 31,
    
    
    December 31,2010
    
    
    2009Bank credit facilities
    
    $
    2,505,000
    
    
    $
    2,515,00081/2% senior notes due 2015
    
    
    500,000
    
    
    
    500,00091/8% senior notes due 2019
    
    
    350,000
    
    
    
    350,000$
    3,355,000
    
    
    $
    3,365,000Less: Current portion
    
    
    71,500
    
    
    
    95,000Total long-term debt
    
    $
    3,283,500
    
    
    $
    3,270,000
 Bank Credit Facilities
     Senior Notes
  Interest Rate Swaps
    10




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Covenant Compliance and Debt Ratings
   Fair Value
  8 1/2% senior notes due 2015
    
    $
    512,5009
1/8% senior notes due 2019
    
    
    361,594$
    874,094Bank credit facilities
    
    $
    2,475,291
 8. STOCKHOLDERS EQUITY
 Stock Repurchase Plans
  Share-based Compensation
  Three Months Ended March 31,2010
    
    
    2009Share-based compensation expense by type of award:Employee stock options
    
    $
    625
    
    
    $
    525Employee stock purchase plan
    
    
    114
    
    
    
    130Restricted stock units
    
    
    1,136
    
    
    
    1,090Total share-based compensation expense
    
    $
    1,875
    
    
    $
    1,745
  11




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##### Table of Contents



Employee Stock Purchase Plan
  9. COMMITMENTS AND CONTINGENCIES
 Legal Proceedings
 Gary Ogg and Janice Ogg v. Mediacom LLC
   Jim Knight v. Mediacom Communications Corp.
   12




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##### Table of Contents



10. INCOME TAXES
 Interim Reporting
      11. RELATED PARTY TRANSACTIONS
   12. REPURCHASE OF MEDIACOM CLASS A COMMON STOCK
     13




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##### Table of Contents



Three MonthsEndedMarch 31,2009Revenues
    
    $
    2,722Pre-tax net income
    
    $
    864
 13. GOODWILL AND OTHER INTANGIBLE ASSETS
 Intangibles  Goodwill and Other Goodwill and Other Intangible Assets),
     14. SUBSEQUENT EVENTS
  Mediacom LLC
   14




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##### Table of Contents




    
    extend the termination date with respect to $225.2 million of the revolving credit
portion of the LLC credit facility from September 30, 2011 to December 31, 2014 (or June
30, 2014 if Term Loan C under the LLC credit facility has not been repaid or refinanced
prior to June 30, 2014);
 
    
    maintain the termination date of September 30, 2011 with respect to $79.0 million of the
revolving credit commitments;
 
    
    reduce the aggregate of the revolving credit commitments from $400.0 million to $304.2
million as of April 23, 2010; and
 
    
    permit additional incremental facility term loans in an aggregate principal amount equal
to not more than 100% of any future reductions in the revolving credit commitments.
  
    
    the maximum ratio of senior indebtedness (as defined) to annualized system cash flow (as
defined), or the Total Leverage Ratio, which is currently 6.0 to 1.0, will be reduced to
5.5 to 1.0 commencing with the quarter ending December 31, 2011;
 
    
    the maximum Total Leverage Ratio will be reduced to 5.0 to 1.0 commencing with the
quarter ending December 31, 2012 and thereafter, so long as any revolving credit
commitments remain outstanding;
 
    
    the minimum ratio of operating cash flow (as defined) to interest expense (as defined),
or the Interest Coverage Ratio, will be 2.0 to 1.0 as of the last day of any fiscal
quarter ending after April 23, 2010, so long as any revolving credit commitments remain
outstanding; and
 
    
    after the termination of all revolving credit commitments, the maximum Total Leverage
Ratio will be increased to 6.0 to 1.0 and the Interest Coverage Ratio covenant will no
longer be applicable.
  15




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##### Table of Contents



Mediacom Broadband LLC
    
    
    increase the permitted amount of incremental facilities by $250 million; and
 
    
    permit additional incremental facility term loans in an aggregate principal amount equal
to not more than 50% of any future reductions in the revolving credit commitments.
  16




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##### Table of Contents



ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  Overview
     Recent Developments
  Revenues, Costs and Expenses
   17




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Use of Non-GAAP Financial Measures
    18




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19




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Actual Results of Operations
 Three Months Ended March 31, 2010 compared to Three Months Ended March 31, 2009
  Three Months EndedMarch 31,2010
    
    
    2009
    
    
    $ Change
    
    
    % ChangeRevenues
    
    $
    368,679
    
    
    $
    360,438
    
    
    $
    8,241
    
    
    
    2.3
    %Costs and expenses:Service costs (exclusive of depreciation and amortization)
    
    
    157,619
    
    
    
    152,808
    
    
    
    4,811
    
    
    
    3.1
    %Selling, general and administrative expenses
    
    
    66,373
    
    
    
    66,084
    
    
    
    289
    
    
    
    0.4
    %Corporate expenses
    
    
    8,258
    
    
    
    8,207
    
    
    
    51
    
    
    
    0.6
    %Depreciation and amortization
    
    
    59,300
    
    
    
    58,394
    
    
    
    906
    
    
    
    1.6
    %Operating income
    
    
    77,129
    
    
    
    74,945
    
    
    
    2,184
    
    
    
    2.9
    %Interest expense, net
    
    
    (49,626
    )
    
    
    (48,921
    )
    
    
    (705
    )
    
    
    1.4
    %Loss on derivatives, net
    
    
    (11,707
    )
    
    
    (1,671
    )
    
    
    (10,036
    )
    
    NMGain on sale of cable systems, net
    
    
    
    
    
    
    13,817
    
    
    
    (13,817
    )
    
    NMOther expense, net
    
    
    (1,055
    )
    
    
    (2,465
    )
    
    
    1,410
    
    
    
    (57.2
    %)Income before income taxes
    
    
    14,741
    
    
    
    35,705
    
    
    
    (20,964
    )
    
    
    (58.7
    %)Provision for income taxes
    
    
    (6,223
    )
    
    
    (13,343
    )
    
    
    7,120
    
    
    
    (53.4
    %)Net income
    
    $
    8,518
    
    
    $
    22,362
    
    
    $
    (13,844
    )
    
    
    (61.9
    %)Adjusted OIBDA
    
    $
    138,304
    
    
    $
    135,084
    
    
    $
    3,220
    
    
    
    2.4
    %
  20




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Three Months EndedMarch 31,2010
    
    
    2009
    
    
    $ Change
    
    
    % ChangeAdjusted OIBDA
    
    $
    138,304
    
    
    $
    135,084
    
    
    $
    3,220
    
    
    
    2.4
    %Non-cash, share-based compensation
    
    
    (1,875
    )
    
    
    (1,745
    )
    
    
    (130
    )
    
    
    7.4
    %Depreciation and amortization
    
    
    (59,300
    )
    
    
    (58,394
    )
    
    
    (906
    )
    
    
    1.6
    %Operating income
    
    $
    77,129
    
    
    $
    74,945
    
    
    $
    2,184
    
    
    
    2.9
    %
 Revenues
  Three Months EndedMarch 31,2010
    
    
    2009
    
    
    $ Change
    
    
    % ChangeVideo
    
    $
    228,972
    
    
    $
    234,369
    
    
    $
    (5,397
    )
    
    
    (2.3
    %)HSD
    
    
    95,321
    
    
    
    86,906
    
    
    
    8,415
    
    
    
    9.7
    %Phone
    
    
    30,262
    
    
    
    26,600
    
    
    
    3,662
    
    
    
    13.8
    %Advertising
    
    
    14,124
    
    
    
    12,563
    
    
    
    1,561
    
    
    
    12.4
    %Total Revenues
    
    $
    368,679
    
    
    $
    360,438
    
    
    $
    8,241
    
    
    
    2.3
    %
 Three Months EndedMarch 31,
    
    
    Increase/2010
    
    
    2009
    
    
    (Decrease)
    
    
    % ChangeBasic subscribers
    
    
    1,234,000
    
    
    
    1,297,000
    
    
    
    (63,000
    )
    
    
    (4.9
    %)Digital customers
    
    
    699,000
    
    
    
    650,000
    
    
    
    49,000
    
    
    
    7.5
    %HSD customers
    
    
    804,000
    
    
    
    748,000
    
    
    
    56,000
    
    
    
    7.5
    %Phone customers
    
    
    300,000
    
    
    
    259,000
    
    
    
    41,000
    
    
    
    15.8
    %RGUs (1)
    
    
    3,037,000
    
    
    
    2,954,000
    
    
    
    83,000
    
    
    
    2.8
    %Average total
monthly revenue per
basic subscriber
(2)
    
    $
    99.43
    
    
    $
    91.89
    
    
    $
    7.54
    
    
    
    8.2
    %
 (1)
    
    RGUs represent the total of basic subscribers and digital, HSD and phone customers.(2)
    
    Represents total average monthly revenues for the quarter divided by total average
basic subscribers for such period.    21




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##### Table of Contents



Costs and Expenses
     Adjusted OIBDA
  Operating Income
  Interest Expense, Net
  Loss on Derivatives, Net
   22




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##### Table of Contents



Gain on Sale of Cable Systems, Net
  Other Expense, Net
  Provision for Income Taxes
  Net Income
  Liquidity and Capital Resources
 Overview
   Net Cash Flows Provided by Operating Activities
    23




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##### Table of Contents



Net Cash Flows Used in Investing Activities
  Net Cash Flows Used in Financing Activities
   Free Cash Flow
  Three Months EndedMarch 31,2010
    
    
    2009
    
    
    Change
    
    
    % ChangeCash provided by operating activities
    
    $
    88,648
    
    
    $
    84,450
    
    
    $
    4,198
    
    
    
    5.0
    %Capital expenditures
    
    
    (57,850
    )
    
    
    (54,778
    )
    
    
    (3,072
    )
    
    
    5.6
    %Free Cash Flow
    
    $
    30,798
    
    
    $
    29,672
    
    
    $
    1,126
    
    
    
    3.8
    %
  Capital Structure
  Bank Credit Facilities
    24




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##### Table of Contents



New Financings
   Interest Rate Swaps
  Senior Notes
  Covenant Compliance and Debt Ratings
    25




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##### Table of Contents



Contractual Obligations and Commercial Commitments
 Capital Structure  New Financings
  InterestDebt
    
    
    Expense(1)
    
    
    Total2010
    
    $
    21,750
    
    
    $
    195,694
    
    
    $
    217,4442011-2012
    
    
    52,000
    
    
    
    376,125
    
    
    
    428,1252013-2014
    
    
    52,000
    
    
    
    307,062
    
    
    
    359,062Thereafter
    
    
    3,280,000
    
    
    
    252,632
    
    
    
    3,532,632Total cash obligations
    
    $
    3,405,750
    
    
    $
    1,131,513
    
    
    $
    4,537,263
 *
    
    Refer to Note 14 of our consolidated financial statements for a discussion of the new
financings. The amounts included in the table herein reflect our contractual obligations and
commercial commitments as if the new financings had occurred as of December 31, 2009.(1)
    
    Interest payments on floating rate debt and interest rate swaps are estimated using amounts
outstanding, and scheduled amortization, as of December 31, 2009, as if the new financings had
occurred on the same date, and the average interest rates applicable under such debt
obligations. Critical Accounting Policies
  Goodwill and Other Intangible Assets
 ,
    26




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##### Table of Contents



Inflation and Changing Prices
  
 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  
 ITEM 4. CONTROLS AND PROCEDURES
    27




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##### Table of Contents



PART II
 
 ITEM 1. LEGAL PROCEEDINGS
  
 ITEM 1A. RISK FACTORS
  
 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
  
 ITEM 3. DEFAULT UPON SENIOR SECURITIES
  
 ITEM 4. RESERVED
 
 ITEM 5. OTHER INFORMATION
  
 ITEM 6. EXHIBITS
 ExhibitNumber
    
    Exhibit Description31.1
    
    
    Rule 13a-14(a) Certifications32.1
    
    
    Section 1350 Certifications
  28




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##### Table of Contents



SIGNATURES
  MEDIACOM COMMUNICATIONS CORPORATIONMay 7, 2010
    By:
    /s/ Mark E. StephanMark E. StephanExecutive Vice President and Chief Financial Officer  29




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber
    
    Exhibit Description31.1
    
    
    Rule 13a-14(a) Certifications32.1
    
    
    Section 1350 Certifications
  30