Revenue, Cash Flow Rises At MediacomBasic Subs Decline, But HSD, Phone Drive Growth 3/01/2013 9:01 AM Eastern
Mediacom Communications grew revenue by about 3% in the fourth quarter, fueled mainly by gains in high-speed data and phone customers.
The small and medium-sized market MSO, which has about 1 million customers in the Midwest and Southeast regions of the country, reported combined revenue in its Mediacom Broadband and Mediacom LLC units of $400.3 million in the period, up 3.4% from the prior year. Adjusted operating income before depreciation and amortization was up slightly at the units to $158.3 million.
Video customers declined by about 10,000 at Mediacom Broadband and by 9,000 at Mediacom LLC. But the two units managed a combined 6,000 gain in broadband subscribers and grew telephone customers by about 1,000.
Free cash flow at the combined units more than doubled during the period to $54.5 million from $22.6 million in the prior year.
Although privately held, Mediacom still has public debt which requires it to file public financial statements.