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JONES INTERCABLE INVESTORS ANNOUNCES YEAR-END RESULTS REVENUES INCREASE 8 PERCENT

 JONES INTERCABLE INVESTORS ANNOUNCES YEAR-END RESULTS
 REVENUES INCREASE 8 PERCENT
 ENGLEWOOD, Colo., March 30 /PRNewswire/ -- Jones Intercable Investors 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 financial results for the year ended Dec. 31, 1991, as well as its cash distribution of 15 cents per unit for the first quarter of 1992.
 Revenues of the partnership's two cable television systems in Alexandria, Va. and Independence, Mo. increased 8 percent from $35.6 million in 1990 to $38.5 million in 1991. The increase is due largely to growth in basic subscribers and basic service rate adjustments in both systems.
 Operating, general and administrative expenses increased 11 percent, from $17.0 million in 1990 to $18.9 million in 1991, due largely to increases in programming and personnel costs. Operating, general and administrative expenses in 1990 included the effect of the reversal of a litigation expense accrual. The accrual reversal resulted from a decision by the general partner not to seek any payment from the partnership for the cost of litigation involving the alleged breach of a programming contract. Without such reversal, operating, general, and administrative expenses would have increased 8 percent from $17.5 million in 1990 to $18.9 million in 1991.
 Operating income before depreciation and amortization increased 4 percent, from $14.7 million in 1990 to $15.3 million in 1991, due primarily to the increase in revenues. Without the effect of the reversal mentioned earlier, operating income before depreciation and amortization would have increased 8 percent, from $14.1 million in 1990 to $15.3 million in 1991.
 Depreciation and amortization expense increased 3 percent, from $17.0 million in 1990 to $17.5 million in 1991 due to capital additions in 1990 and 1991.
 As anticipated, the partnership reported an operating loss for 1991. This operating loss decreased 6 percent, from $2.3 million in 1990 to $2.2 million in 1991. This reflects the fact that the increase in revenues exceeded the various expenses for the year.
 Interest expense decreased 12 percent, from $5.8 million in 1990 to $5.1 million in 1991, due to lower rates on interest-bearing obligations.
 The partnership's net loss decreased 11 percent, from $8.1 million in 1990 to $7.2 million in 1991, due primarily to the decreases in operating loss and interest expense. These losses are expected to continue in the future.
 For the partnership's fourth quarter, which ended Dec. 31, 1991, revenues increased 5 percent over the like quarter a year ago, from $9.2 million in 1990 to $9.7 million in 1991.
 Operating income before depreciation and amortization decreased from $4.7 million in fourth quarter 1990 to $4.0 million for the like quarter in 1991, a decrease of 16 percent due to the reversal of the litigation expense accrual mentioned earlier. Without the reversal of the accrual, operating income before depreciation and amortization for the quarter would have increased from $3.6 million for the fourth quarter of 1990 to $4.0 million for the like quarter in 1991, an increase of 11 percent.
 In addition, the partnership announced that it has declared a 15 cent per unit distribution for the first quarter of 1992. The distribution will be paid on or about May 15, 1992 to unitholders of record as of March 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 Corporate Communications department of Jones Intercable at 303-792-3111 or write 9697 E. Mineral Avenue, Englewood, CO 80112.
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 FINANCIAL HIGHLIGHTS
 For the Three Months Ended Percent
 Dec. 31, Increase
 1991 1990 (Decrease)
 Revenues $ 9,699,937 $ 9,212,784 5
 Operating, General and
 Administrative Expense $ 4,751,734 $ 3,511,684 35(a)
 Operating Income Before
 Depreciation and
 Amortization $ 3,956,925 $ 4,686,957 (16)(a)
 Depreciation and
 Amortization $ 4,349,481 $ 4,227,865 3
 Net Loss $ (1,591,132) $ (1,080,843) 47(a)
 Allocation of Net Loss:
 General Partner $ (15,911) $ (10,808) 47(a)
 Class A Unitholders $ (1,575,221) $ (1,070,035) 47(a)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.19) $ (.12) 47(a)
 (a) Reflects the effect of the reversal of a litigation expense accrual made in 1990.
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 FINANCIAL HIGHLIGHTS
 For the Year Ended Percent
 Dec. 31, Increase
 1991 1990 (Decrease)
 Revenues $ 38,468,689 $ 35,622,250 8
 Operating, General and
 Administrative Expense $ 18,898,291 $ 17,016,757 11(a)
 Operating Income Before
 Depreciation and
 Amortization $ 15,299,429 $ 14,665,085 4(a)
 Depreciation and
 Amortization $ 17,478,720 $ 16,974,387 3
 Net Loss $ (7,224,785) $ (8,113,030) (11)(a)
 Allocation of Net Loss:
 General Partner $ (72,248) $ (81,130) (11)(a)
 Class A Unitholders $ (7,152,537) $ (8,031,900) (11)(a)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.86) $ (.96) (11)(a)
 SELECTED BALANCE SHEET DATA Dec. 31, Dec. 31,
 1991 1990
 Total Assets $86,267,379 $97,625,987
 Total Debt $63,986,995 $63,634,396
 Total Partners' Capital $17,367,760 $29,584,625
 (a) Reflects the effect of the reversal of a litigation expense accrual made in 1990.
 -0- 3/30/92
 /CONTACT: Kevin Coyle or Nancy Reed Long both of Jones Intercable Investors, 303-792-3111/
 (JTV JOIN) CO: Jones Intercable Investors L.P. ST: Colorado IN: TLS SU: ERN


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