Telecommunications: Financial Information on 16 Telephone and Cable Companies - Government Accountability Office (GAO) report

Telecommunications: Financial Information on 16 Telephone and Cable Companies - GAO Report

Date:	July 8, 1994
Report No.:	RCED/AIMD-94-221FS
Pages:	36
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Subjects: Accounting procedures Cable television Financial management Financial records Independent regulatory commissions Losses Profits Service industry Telecommunications industry Telephones FCC Automated Reporting Management Information System Summary: GAO was asked to provide financial information on the seven Regional Bell Operating Companies, including Ameritech, Bell Atlantic, BellSouth, NYNEX, Pacific Telesis, Southwestern Bell, and US WEST; GTE (the largest independent telecommunications company); AT&T; MCI; Sprint; and the operators of the five publicly owned multiple-system cable television companies with the largest number of subscribers: Tele-Communications, Inc., Time-Warner, Comcast Corporation, Cablevision Systems Corporation, and Jones Intercable, Inc. This fact sheet provides information for all 16 companies on total operating revenues, cash flow from operations, and profitability. In addition, for the Bell Operating Companies and GTE, the report provides more detailed financial information on the uses of cash flow from operations, including the extent to which capital expenditures are made inside and outside of the companies' primary line of business.