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JONES INTERCABLE INVESTORS REPORTS SECOND QUARTER RESULTS; ANNOUNCES THIRD QUARTER DISTRIBUTION

 JONES INTERCABLE INVESTORS REPORTS SECOND QUARTER RESULTS;
 ANNOUNCES THIRD QUARTER DISTRIBUTION
 ENGLEWOOD, Colo., Aug. 17 /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 its second quarter of 1992, which ended June 30, 1992, as well as its cash distribution of 15 cents per unit for the third quarter of 1992.
 Revenues for the three months ended June 30, 1992 increased 6 percent from $9.7 million in 1991 to $10.3 million in 1992. For the six months ended June 30, revenues increased 5 percent from $19.1 million in 1991 to $20.1 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 4 percent from 100,651 at June 30, 1991 to 104,848 at June 30, 1992.
 Operating, general and administrative expenses increased 6 percent for the three months ended June 30, 1992 from $4.7 million in 1991 to $5.0 million in 1992. For the six months ended June 30, operating, general and administrative expenses increased 3 percent from $9.5 million in 1991 to $9.8 million in 1992. These increases were due primarily to increases in programming costs and personnel costs.
 For the partnership's second quarter, operating income before depreciation and amortization increased 6 percent from $3.9 million in 1991 to $4.2 million in 1992. For the six-month period, operating income before depreciation and amortization increased 10 percent from $7.3 million in 1991 to $8.0 million in 1992. These increases were due primarily to the increase in revenues.
 For the three-month period ended June 30, depreciation and amortization expense decreased 9 percent from $4.4 million in 1991 to $4.0 million in 1992. For the six-month period, depreciation and amortization expense decreased 5 percent from $8.7 million in 1991 to $8.3 million in 1992. These decreases are due to the maturation of the partnership's asset base.
 The partnership recorded operating income of $200,000 for the quarter ended June 30, 1992, compared to an operating loss of $400,000 for the second quarter of 1991. For the six-month period, operating loss decreased 82 percent from $1.4 million in 1991 to $300,000 in 1992. This is due to the increase in operating income before depreciation and amortization as well as the decrease in depreciation and amortization expense.
 Interest expense decreased 30 percent for the three-month period ended June 30, from $1.3 million in 1991 to $900,000 in 1992. For the six-month period, interest expense decreased 28 percent from $2.6 million in 1991 to $1.9 million in 1992. These decreases are due to significantly lower interest rates on interest-bearing obligations.
 For the three-month period ended June 30, net loss decreased 59 percent, from $1.6 million in 1991 to $700,000 in 1992. For the six-month period, net loss decreased 46 percent from $4.0 million in 1991 to $2.1 million in 1992. These decreases are due to the reductions in interest expense and operating losses.
 In addition, the partnership announced that it has declared a 15 cent per unit distribution for the third quarter of 1992. The distribution will be paid on or about Nov. 15, 1992 to unitholders of record as of Sept. 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 Avenue, Englewood, CO 80112.
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 UNAUDITED FINANCIAL HIGHLIGHTS
 For the Three Months Ended Percent
 June 30, Increase
 1992 1991 (Decrease)
 Revenues $ 10,305,694 $ 9,736,648 6
 Operating, General and
 Administrative Expense $ 4,977,365 $ 4,701,181 6
 Operating Income Before
 Depreciation and
 Amortization $ 4,206,535 $ 3,959,424 6
 Depreciation and
 Amortization $ 3,998,060 $ 4,374,619 (9)
 Net Loss $ (685,988) $ (1,664,222) (59)
 Allocation of Net Loss:
 General Partner $ (6,860) $ (16,642) (59)
 Class A Unitholders $ (679,128) $ (1,647,580) (59)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.09) $ (.20) (59)
 JONES INTERCABLE INVESTORS L.P.
 (A Limited Partnership)
 UNAUDITED FINANCIAL HIGHLIGHTS
 For the Six Months Ended Percent
 June 30, Increase
 1992 1991 (Decrease)
 Revenues $ 20,146,394 $ 19,102,001 5
 Operating, General and
 Administrative Expense $ 9,799,980 $ 9,531,803 3
 Operating Income Before
 Depreciation and
 Amortization $ 8,037,025 $ 7,328,988 10
 Depreciation and
 Amortization $ 8,289,403 $ 8,753,946 (5)
 Net Loss $ (2,154,324) $ (3,993,247) (46)
 Allocation of Net Loss:
 General Partner $ (21,543) $ (39,932) (46)
 Class A Unitholders $ (2,132,781) $ (3,953,315) (46)
 Average Number of Units
 Outstanding 8,322,632 8,322,632 ---
 Net Loss Per Unit: $ (.26) $ (.48) (46)
 UNAUDITED BALANCE SHEET DATA
 June 30, 1992 Dec. 31, 1991
 Total Assets $ 80,685,587 $ 86,267,379
 Total Debt $ 64,011,735 $ 63,986,995
 Total Partners' Capital $ 12,716,646 $ 13,367,760
 -0- 8/17/92
 /CONTACT: Kevin Coyle or Nancy Reed Long of Jones Intercable Investors, 303-792-3111/
 (JTV) CO: Jones Intercable Investors L.P. ST: Colorado IN: TLS SU: ERN


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