Third quarter 2002 revenue of approximately $1.179 billion and operating cash flow of approximately $497 million

November 5, 2002

1 Min Read

ST. LOUIS -- Charter Communications, Inc. (Nasdaq: CHTR) today reported third quarter 2002 revenue of approximately $1.179 billion and operating cash flow of approximately $497 million. Charter executives will discuss third quarter financial results and expectations for the remainder of the year in a conference call at 7:30 AM CT this morning. Third quarter revenue increased approximately 13% to approximately $1.179 billion and operating cash flow increased approximately 9% to approximately $497 million for the third quarter of 2002 compared to 2001 pro forma results. Pro forma third quarter 2001 results treat the acquisition of properties serving some 21,600 customers in April 2002, and the acquisition of High Speed Access Corporation in February 2002, as if they had occurred on January 1, 2001. Revenue for the third quarter of 2002 increased approximately 13%, and operating cash flow increased approximately 6% compared to historical third quarter 2001. Revenue and operating cash flow growth resulted primarily from increased digital video and high-speed data customers, as well as increased customer prices, partially offset by a decline in analog video customers. "We're committed to growing each segment of our business. Our high-end services, digital video and high-speed data, are continuing to grow at solid rates, and we're improving the overall customer experience by bundling our products and pricing our services competitively," said Carl Vogel, President and CEO.Charter Communications

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like