Cablevision posts higher revs for 4th quarter

Cablevision Industries Corp. — one of the largest privately owned companies in the cable television industry — yesterday reported increases in revenues and operating cash flows for the fourth quarter and full year 1992.

CVI’s revenues for the fourth quarter were $ 94,071,000, compared to $ 85,237 ,000 for the same period of 1991, an increase of 10.4%.

Operating cash flow increased by 16.4% to $ 45,250,000 from $ 38,885,000 in the comparable 1991 quarter. Interest expense decreased 14.7% to $ 27,601,000 from $ 32,347,000 in the same period of 1991.

CVI’s full-year revenues increased 8.8% to $ 363,991,000 from $ 334,686,000 in 1991.

Operating cash flow increased by 13% to $ 173,790,000 from $ 153,795,000. Interest expense declined 11.7% to $ 117,511,000 from $ 133,055,000 the year before.

At Dec. 31, 1992, total debt outstanding was $ 1,456,425,000 compared to $ 1, 373,807,000 at Dec. 31, 1991, an increase of 6% but a decrease of 1.5% from total debt of $ 1,478,605,000 outstanding at Sept. 30, 1992.

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