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JONES INTERCABLE INVESTORS ANNOUNCES YEAR-END RESULTS

 ENGLEWOOD, Colo., April 5 /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, 1992, as well as a cash distribution of 15 cents per Class A unit for the first quarter of 1993.
 Revenues for the year decreased from $38.4 million in 1991 to $38.3 million in 1992. This decrease is primarily the result of the loss of two months of revenues from the Alexandria, Va. cable television system, which was sold on Nov. 2, 1992. The sale of the Alexandria system resulted in a decrease in revenues of $1.7 million for the year ended Dec. 31, 1992, while revenues from the partnership's Independence, Mo. cable television system increased approximately $1.6 million for the year ended Dec. 31, 1992. Basic subscriber increases and basic service rate adjustments were primarily responsible for the Independence system's increase in revenues.
 Operating, general and administrative expenses decreased 1 percent, from $18.9 million in 1991 to $18.6 million in 1992. These expenses decreased $1.2 million due to the sale of the Alexandria system but increased $900,000 in the Independence system, due primarily to higher personnel costs and programming fees.
 Operating income before depreciation and amortization remained constant at $15.2 million for 1992 and 1991.
 Depreciation and amortization expense decreased 14 percent, from $17.5 million in 1991 to $15.1 million in 1992, due to the sale of the Alexandria system and the maturation of the Independence system's asset base.
 The partnership recorded operating income of $190,700 for the year ended Dec. 31, 1992, compared to an operating loss of $2.2 million for 1991. This change was primarily due to the decrease in depreciation and amortization expense. Interest expense decreased 39 percent, from $5.1 million in 1991 to $3.1 million in 1992, due to lower interest rates and lower outstanding balances on the partnership's bank credit facility. A significant portion of the proceeds from the Alexandria system sale was used to repay amounts on the partnership's credit facility.
 The partnership recorded net income of $44.0 million in 1992 compared to a net loss of $7.2 million in 1991. This change was due primarily to the $47.1 million gain recognized on the sale of the Alexandria system.
 For the partnership's fourth quarter, which ended Dec. 31, 1992, revenues decreased 19 percent from $9.7 million in 1991 to $7.8 million in 1992. This decrease was due primarily to the sale of the Alexandria system during the quarter.
 Operating income before depreciation and amortization decreased 23 percent, from $4.0 million in the fourth quarter of 1991 to $3.0 million in the fourth quarter of 1992. This decrease is due primarily to the sale of the Alexandria system.
 In addition, the partnership announced that it has declared a 15 cent per unit distribution for the first quarter of 1993. The distribution will be paid on or about May 15, 1993 to unitholders of record as of March 1, 1993.
 On April 1, 1993, the Federal Communications Commission issued a summary of its Cable Rate Regulation Report and Order. While the summary did not supply all the facts necessary for cable operators to fully assess the impact of the new rate regulation rules, it clearly indicates that rate reductions and possibly refunds are likely in the majority of cable systems in the United States. The final rules, including the detail necessary for a full assessment of the impact on any particular cable system, are expected to be available by the end of April. The General Partner believes that these rules will necessitate a reevaluation of the Partnership's cash distribution policy, and may affect the Partnership's ability to make cash distributions in the future. This determination by the General Partner will be made on a quarter-by-quarter basis.
 Jones Intercable Inc. 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 Inc. at 303-792-3111 or write 9697 E. Mineral Ave., Englewood, CO 80112.
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 FINANCIAL HIGHLIGHTS
 For the Year Ended Percent
 Dec. 31, Increase
 1992 1991 (Decrease)(a)
 Revenues $ 38,337,748 $ 38,468,689 (1)
 Operating, General and
 Administrative Expense $ 18,635,695 $ 18,898,291 (1)
 Operating Income Before
 Depreciation and
 Amortization $ 15,242,339 $ 15,299,429 ---
 Depreciation and
 Amortization $ 15,051,597 $ 17,478,720 (14)
 Gain on sale of assets $ 47,118,868 --- ---
 Net Income (Loss) $ 44,060,105 $ (7,224,785) ---
 Allocation of Net
 Income (Loss):
 General Partner $ 440,601 $ (72,248) ---
 Class A Unitholders $ 43,619,504 $ (7,152,537) ---
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Income (Loss)
 Per Unit: $ 5.24 $ (.86) ---
 (a) Percent increase (decrease) has been omitted for line items for
 which the comparison is not meaningful.
 BALANCE SHEET DATA
 Dec. 31, 1992 Dec. 31, 1991
 Total Assets $ 52,648,591 $ 86,267,379
 Total Debt $ 18,570,003 $ 63,986,995
 Total Partners'
 Capital $ 31,466,391 $ 17,367,760
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 FINANCIAL HIGHLIGHTS
 For the Three Months Ended Percent
 Dec. 31, Increase
 1992 1991 (Decrease)(a)
 Revenues $ 7,838,518 $ 9,699,937 (19)
 Operating, General and
 Administrative Expense $ 3,862,477 $ 4,751,734 (19)
 Operating Income Before
 Depreciation and
 Amortization $ 3,039,810 $ 3,956,925 (23)
 Depreciation and
 Amortization $ 2,898,779 $ 4,349,481 (33)
 Net Income (Loss) $ 46,706,235 $ (1,591,132)
 Allocation of Net
 Income (Loss):
 General Partner $ 467,062 $ (15,911) ---
 Class A Unitholders $ 46,239,173 $ (1,575,221) ---
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Income (Loss)
 Per Unit: $ 5.56 $ (.19) ---
 (a) Percent increase (decrease) has been omitted for line items for
 which the comparison is not meaningful.
 -0- 4/5/93
 /CONTACT: Kevin Coyle or Dave Browning of Jones Intercable, 303-792-3111/
 (JTV JOIN)


CO: Jones Intercable Investors L.P.; Jones Intercable Inc. ST: Colorado, Virginia, Missouri IN: TLS SU: ERN

MC -- DV005 -- 3158 04/05/93 15:56 EDT
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Date:Apr 5, 1993
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