Adelphia's Cash Flow Rises by 11%.
Multichannel News, May, 1999 by FARRELL, MIKE
Coudersport, Pa.-based MSO Adelphia Communications Corp. reported record revenue and cash flow for the first quarter ended March 31, spurred mainly by increases in its digital-cable and high-speed Internet offerings. Pro forma revenue for the period increased by 15.6 percent to $206.2 million, and pro forma cash flow rose 11 percent to $125.1 million.
In the cable segment, pro forma revenue rose 9 percent to $250.8 million during the period, and operating cash flow jumped 11 percent. Also on a pro forma basis, subscriber growth was about 1.5 percent during the first quarter of 1999. Actual revenue for the cable segment during the period rose 38.2 percent to $184.8 million, and cash flow increased 38.9 percent to $97.9 million. ...
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