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JONES INTERCABLE INVESTORS ANNOUNCES THIRD QUARTER RESULTS

 ENGLEWOOD, Colo., Nov. 17 ~PRNewswire~ -- Jones Intercable Inve stors L.P. (AMEX: JTV), a publicly traded master limited partnership for which Jones Intercable Inc. (NASDAQ-NMS: JOIN and JOINA) serves as general partner, today announced third quarter financial results for the quarter ended Sept. 30, 1992, as well as a cash distribution of 15 cents per Class A unit for the fourth quarter of 1992.
 Revenues for the three months ended Sept. 30 increased 7 percent from $9.7 million in 1991 to $10.4 million in 1992. For the nine months ended Sept. 30, revenues increased 6 percent from $28.8 million in 1991 to $30.5 million in 1992. Increases in the number of basic subscribers and service rate adjustments are the primary reasons for the revenue increases. Basic subscribers in the partnership's two cable television systems in Alexandria, Va. and Independence, Mo. increased 3 percent from 101,935 at Sept. 30, 1991, to 105,148 at Sept. 30, 1992.
 Operating, general and administrative expenses increased 8 percent for the three months ended Sept. 30, from $4.6 million in 1991 to $5.0 million in 1992. For the nine months ended Sept. 30, operating, general and administrative expenses increased 4 percent from $14.1 million in 1991 to $14.8 million in 1992. These increases were due primarily to increases in programming costs and personnel costs.
 For the partnership's third quarter, operating income before depreciation and amortization increased 4 percent from $4.0 million in 1991 to $4.2 million in 1992. For the nine-month period, operating income before depreciation and amortization increased 8 percent from $11.3 million in 1991 to $12.2 million in 1992. These increases were due primarily to the increase in revenues.
 For the three-month period ended Sept. 30, depreciation and amortization expense decreased 12 percent from $4.4 million in 1991 to $3.9 million in 1992. For the nine-month period, depreciation and amortization expense decreased 7 percent from $13.1 million in 1991 to $12.2 million in 1992. These decreases are due to the maturation of the partnership's asset base.
 The partnership recorded operating income of $302,000 for the quarter ended Sept. 30, 1992, compared to an operating loss of $362,000 for the third quarter of 1991. For the nine-month period ended Sept. 30, 1992, the partnership recorded operating income of $50,000 compared to an operating loss of $1.8 million in 1991. This is due to the increases in revenues as well as the decreases in depreciation and amortization expense.
 Interest expense decreased 38 percent for the three-month period ended Sept. 30 from $1.3 million in 1991 to $798,000 in 1992. For the nine-month period, interest expense decreased 31 percent from $3.9 million in 1991 to $2.7 million in 1992. These decreases are due to significantly lower interest rates on interest-bearing obligations.
 For the three-month period ended Sept. 30, net loss decreased 70 percent, from $1.6 million in 1991 to $500,000 in 1992. For the nine-month period, net loss decreased 53 percent from $5.6 million in 1991 to $2.6 million in 1992. These decreases are due to the reductions in interest expense and operating losses.
 On Nov. 2, 1992, the partnership sold its cable television system serving Alexandria to Jones Intercable Inc. for $73,234,000. The partnership used the proceeds from this transaction to repay debt, to pay a brokerage fee, and to distribute $3 per Class A Unit on Nov. 6, 1992. The Partnership continues to own and operate the cable television system serving areas in and around Independence.
 The annual, independent appraisal was recently conducted on the Independence cable television system. This 1992 appraisal valued the system at $142,986,000, an increase from the 1991 appraisal of $140,711,000.
 The partnership's third quarter distribution of 15 cents per Class A Unit was paid yesterday, Nov. 16, 1992. In addition, the partnership announced that it has declared a 15 cent per unit distribution for the fourth quarter of 1992. The distribution will be paid on or about Feb. 15, 1993, to unitholders of record as of Dec. 1, 1992. Announcements regarding distributions will continue to be on a quarter-by-quarter basis.
 Jones Intercable is one of the largest cable television operators in the United States. It is also the world's largest cable television management company, managing cable operations for publicly held entities. It manages cable operations in 20 states and three countries.
 For more detailed financial information, contact the Investor Relations Department of Jones Intercable at 303-792-3111 or write 9697 E. Mineral Ave., Englewood, CO 80112.
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 UNAUDITED FINANCIAL HIGHLIGHTS
 For the Three Months Ended Percent
 Sept. 30, Increase
 1992 1991 (Decrease)
 Revenues $ 10,352,836 $ 9,666,751 7
 Operating, General and
 Administrative Expense $ 4,973,238 $ 4,614,754 8
 Operating Income Before
 Depreciation and
 Amortization $ 4,165,504 $ 4,013,516 4
 Depreciation and
 Amortization $ 3,863,415 $ 4,375,293 (12)
 Net Loss $ (491,806) $ (1,640,406) (70)
 Allocation of Net Loss:
 General Partner $ (4,918) $ (16,404) (70)
 Class A Unitholders $ (486,888) $ (1,624,002) (70)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.06) $ (.20) (70)
 For the Nine Months Ended Percent
 Sept. 30, Increase
 1992 1991 (Decrease)
 Revenues $ 30,499,230 $ 28,768,752 6
 Operating, General and
 Administrative Expense $ 14,773,218 $ 14,146,557 4
 Operating Income Before
 Depreciation and
 Amortization $ 12,202,529 $ 11,342,504 8
 Depreciation and
 Amortization $ 12,152,818 $ 13,129,239 (7)
 Net Loss $ (2,646,130) $ (5,633,653) (53)
 Allocation of Net Loss:
 General Partner $ (26,461) $ (56,337) (53)
 Class A Unitholders $ (2,619,669) $ (5,577,316) (53)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.31) $ (.67) (53)
 UNAUDITED BALANCE SHEET DATA
 Sept. 30, 1992 Dec. 31, 1991
 Total Assets $ 79,492,053 $ 86,267,379
 Total Debt $ 64,286,557 $ 63,986,995
 Total Partners' Capital $ 10,976,447 $ 17,367,760
 -0- 11~17~92
 ~CONTACT: Kevin Coyle or Nancy Reed Long of Jones Intercable Investors, 303-792-3111~
 (JTV JOIN)


CO: Jones Intercable Investors Inc. ST: Colorado IN: TLS SU: ERN

BB -- DV002 -- 1749 11~17~92 10:34 EST
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Date:Nov 17, 1992
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