Cox Communications Inc. reported strong results for the fourth quarter ended
Dec. 31, fueled by gains in digital, high-speed-data and telephony
Revenue for the quarter was up 16 percent to $1.3 billion, with operating
cash flow rising 14 percent to $491.9 million.
During the period, Cox added 136,000 high-speed-data customers, ending the
year with 1.4 million.
Digital subscribers increased by 84,000 customers to 1.8 million.
Cox also added 67,190 telephony subscribers, ending the period with
Basic-cable subscribers were up 1 percent (17,000 customers) in the quarter
to 6.3 million.
Cox reiterated its 2003 guidance, saying revenue is expected to rise between
14 percent and 15 percent for the year. Operating cash flow is also expected to
grow in the 14 percent to 15 percent range.