<PAGE>
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark one)
[x] Quarterly report pursuant to section 13 or 15(d) of the Securities
Exchange Act of 1934
For the quarterly period ended March 31, 1997
--------------
or
[ ] Transition report pursuant to section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from _______________ to ______________
Commission File Number 0-16200
CABLE TV FUND 14-B, LTD.
- --------------------------------------------------------------------------------
Exact name of registrant as specified in charter
Colorado #84-1024658
- --------------------------------------------------------------------------------
State of organization I.R.S. employer I.D.#
9697 East Mineral Avenue, P.O. Box 3309, Englewood, Colorado 80155-3309
------------------------------------------------------------------------
Address of principal executive office
(303) 792-3111
------------------------------------
Registrant's telephone number
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
------- -------
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
UNAUDITED CONSOLIDATED BALANCE SHEETS
-------------------------------------
<TABLE>
<CAPTION>
March 31, December 31,
ASSETS 1997 1996
------ ------------- -------------
<S> <C> <C>
CASH $ 1,251,084 $ 840,309
TRADE RECEIVABLES, less allowance for doubtful receivables of
$121,092 and $140,879 at March 31, 1997 and December 31, 1996,
respectively 1,033,096 2,077,493
INVESTMENT IN CABLE TELEVISION PROPERTIES:
Property, plant and equipment, at cost 99,538,670 98,093,791
Less- accumulated depreciation (50,307,640) (48,820,169)
------------ ------------
49,231,030 49,273,622
Franchise costs and other intangible assets, net of accumulated
amortization of $79,538,333 and $77,746,909 at March 31, 1997
and December 31, 1996, respectively 51,501,965 53,293,389
------------ ------------
Total investment in cable television properties 100,732,995 102,567,011
DEPOSITS, PREPAID EXPENSES AND DEFERRED CHARGES 601,145 430,596
------------ ------------
Total assets $103,618,320 $105,915,409
============ ============
</TABLE>
The accompanying notes to unaudited consolidated financial statements
are an integral part of these unaudited consolidated balance sheets.
2
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
UNAUDITED CONSOLIDATED BALANCE SHEETS
-------------------------------------
<TABLE>
<CAPTION>
March 31, December 31,
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT) 1997 1996
------------------------------------------- ------------- -------------
<S> <C> <C>
LIABILITIES:
Debt $ 56,425,919 $ 56,656,424
General Partner advances 99,672 449,094
Deferred brokerage fee 920,000 920,000
Trade accounts payable and accrued liabilities 1,555,541 2,151,254
Subscriber prepayments 567,828 562,446
------------ ------------
Total liabilities 59,568,960 60,739,218
------------ ------------
MINORITY INTEREST IN CABLE TELEVISION
JOINT VENTURE 3,802,688 3,963,820
------------ ------------
PARTNERS' CAPITAL (DEFICIT):
General Partner-
Contributed capital 1,000 1,000
Accumulated deficit (724,629) (714,972)
------------ ------------
(723,629) (713,972)
------------ ------------
Limited Partners-
Net contributed capital (261,353 units
outstanding at March 31, 1997 and
December 31, 1996) 112,127,301 112,127,301
Accumulated deficit (71,157,000) (70,200,958)
------------ ------------
40,970,301 41,926,343
------------ ------------
Total liabilities and partners' capital (deficit) $103,618,320 $105,915,409
============ ============
</TABLE>
The accompanying notes to unaudited consolidated financial statements
are an integral part of these unaudited consolidated balance sheets.
3
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
-----------------------------------------------
<TABLE>
<CAPTION>
For the Three Months Ended
March 31,
---------------------------
1997 1996
------------- -----------
<S> <C> <C>
REVENUES $10,065,778 $ 9,168,839
COSTS AND EXPENSES:
Operating expenses 5,707,802 5,202,001
Management fees and allocated overhead from General Partner 1,191,176 1,078,973
Depreciation and amortization 3,391,164 3,308,636
----------- -----------
OPERATING LOSS (224,364) (420,771)
----------- -----------
OTHER INCOME (EXPENSE):
Interest expense (953,184) (1,075,042)
Other, net 50,717 33,994
----------- -----------
Total other income (expense), net (902,467) (1,041,048)
----------- -----------
CONSOLIDATED LOSS BEFORE MINORITY INTEREST (1,126,831) (1,461,819)
MINORITY INTEREST IN CONSOLIDATED LOSS 161,132 221,977
----------- -----------
NET LOSS $ (965,699) $(1,239,842)
=========== ===========
ALLOCATION OF NET LOSS:
General Partner $ (9,657) $ (12,398)
=========== ===========
Limited Partners $ (956,042) $(1,227,444)
=========== ===========
NET LOSS PER LIMITED PARTNERSHIP UNIT $(3.66) $(4.70)
=========== ===========
WEIGHTED AVERAGE NUMBER OF LIMITED
PARTNERSHIP UNITS OUTSTANDING 261,353 261,353
=========== ===========
</TABLE>
The accompanying notes to unaudited consolidated financial statements
are an integral part of these unaudited consolidated statements.
4
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
-----------------------------------------------
<TABLE>
<CAPTION>
For the Three Months Ended
March 31,
--------------------------
1997 1996
------------ -----------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (965,699) $(1,239,842)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Depreciation and amortization 3,391,164 3,308,636
Amortization of interest rate protection contract 3,789 -
Minority interest in consolidated loss (161,132) (221,977)
Decrease in trade receivables 1,044,397 379,338
Increase in deposits, prepaid expenses and
deferred charges (286,607) (243,608)
Increase (decrease) in General Partner advances (349,422) 1,162,785
Decrease in trade accounts payable and accrued
liabilities and subscriber prepayments (590,331) (190,790)
----------- -----------
Net cash provided by operating activities 2,086,159 2,954,542
----------- -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net (1,444,879) (1,468,044)
----------- -----------
Net cash used in investing activities (1,444,879) (1,468,044)
----------- -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings 400,000 -
Repayment of debt (630,505) (1,502,477)
----------- -----------
Net cash used in financing activities (230,505) (1,502,477)
----------- -----------
Increase (decrease) in cash 410,775 (15,979)
Cash, beginning of period 840,309 474,904
----------- -----------
Cash, end of period $ 1,251,084 $ 458,925
=========== ===========
SUPPLEMENTAL CASH FLOW DISCLOSURE:
Interest paid $ 1,237,731 $ 1,216,903
=========== ===========
</TABLE>
The accompanying notes to unaudited consolidated financial statements
are an integral part of these unaudited consolidated statements.
5
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
----------------------------------------------------
(1) This Form 10-Q is being filed in conformity with the SEC requirements for
unaudited financial statements and does not contain all of the necessary
footnote disclosures required for a fair presentation of the Balance Sheets and
Statements of Operations and Cash Flows in conformity with generally accepted
accounting principles. However, in the opinion of management, this data includes
all adjustments, consisting only of normal recurring accruals, necessary to
present fairly the financial position of Cable TV Fund 14-B, Ltd. (the
"Partnership") at March 31, 1997 and December 31, 1996 and its Statements of
Operations and Cash Flows for the three month periods ended March 31, 1997 and
1996. Results of operations for these periods are not necessarily indicative of
results to be expected for the full year.
The Partnership is a Colorado limited partnership that was formed pursuant
to the public offering of limited partnership interests in the Cable TV Fund 14
Limited Partnership Program (the "Program"), which was sponsored by Jones
Intercable, Inc. (the "General Partner"), to acquire, own and operate cable
television systems in the United States. Cable TV Fund 14-A, Ltd. ("Fund 14-A")
is the other partnership that was formed pursuant to the Program. The
Partnership and Fund 14-A formed a general partnership known as Cable TV Fund
14-A/B Venture (the "Venture"), in which the Partnership owns a 73 percent
interest and Fund 14-A owns a 27 percent interest. The Partnership directly owns
the cable television systems serving Surfside, South Carolina (the "Surfside
System") and Little Rock, California (the "Little Rock System"). The Venture
owns the cable television system serving certain areas in Broward County,
Florida (the "Broward System"). Because of the Partnership's majority ownership
interest in the Venture, the accompanying financial statements present the
Partnership's and the Venture's financial condition and results of operations on
a consolidated basis, with the ownership interest of Fund 14-A in the Venture
shown as a minority interest. All interpartnership accounts and transactions
have been eliminated.
(2) The General Partner manages the Partnership and the Venture and receives a
fee for its services equal to 5 percent of the gross revenues of the Partnership
and the Venture, excluding revenues from the sale of cable television systems or
franchises. Management fees paid to the General Partner by the Partnership and
the Venture for the three month periods ended March 31, 1997 and 1996 were
$503,289 and $458,442, respectively.
The Partnership and the Venture reimburse the General Partner for certain
allocated overhead and administrative expenses. These expenses represent the
salaries and related benefits paid for corporate personnel, rent, data
processing services and other corporate facilities costs. Such personnel
provide engineering, marketing, accounting, administrative, legal and investor
relations services to the Partnership and to the Venture. Such services, and
their related costs, are necessary to the operation of the Partnership and the
Venture and would have been incurred by the Partnership and the Venture if they
were stand alone entities. Allocations of personnel costs are based primarily
on actual time spent by employees of the General Partner with respect to each
partnership managed. Remaining expenses are allocated based on the pro rata
relationship of the Partnership's and the Venture's revenues to the total
revenues of all systems owned or managed by the General Partner and certain of
its subsidiaries. Systems owned by the General Partner and all other systems
owned by partnerships for which Jones Intercable, Inc. is the general partner
are also allocated a proportionate share of these expenses. The General Partner
believes that the methodology used in allocating overhead and administrative
expenses is reasonable. Reimbursements made to the General Partner for
allocated overhead and administrative expenses for the three month periods ended
March 31, 1997 and 1996 were $687,887 and $620,531, respectively.
6
<PAGE>
(3) Financial information regarding the Venture is presented below.
UNAUDITED BALANCE SHEETS
------------------------
<TABLE>
<CAPTION>
March 31, 1997 December 31, 1996
-------------- -----------------
<S> <C> <C>
ASSETS
------
Cash and accounts receivable $ 1,766,885 $ 1,368,882
Investment in cable television properties 55,406,992 56,526,226
Other assets 569,753 381,950
------------ ------------
Total assets $ 57,743,630 $ 58,277,058
============ ============
LIABILITIES AND PARTNERS' CAPITAL
---------------------------------
Debt $ 41,644,430 $ 41,262,561
Payables and accrued liabilities 1,711,941 2,032,654
Partners' contributed capital 70,000,000 70,000,000
Accumulated deficit (55,612,741) (55,018,157)
------------ ------------
Total liabilities and partners' capital $ 57,743,630 $ 58,277,058
============ ============
<CAPTION>
UNAUDITED STATEMENTS OF OPERATIONS
----------------------------------
For the Three Months Ended
March 31,
--------------------------
1997 1996
------------ ----------
<S> <C> <C>
Revenues $6,844,105 $6,260,965
Operating expenses 3,833,754 3,515,716
Management fees and allocated overhead from General Partner 813,632 735,844
Depreciation and amortization 2,121,717 2,061,381
Operating income (loss) 75,002 (51,976)
Interest expense (703,657) (801,691)
Other, net 34,071 34,490
---------- ----------
Net loss $ (594,584) $ (819,177)
========== ==========
</TABLE>
Management fees and reimbursements for overhead and administrative
expenses paid to Jones Intercable, Inc. by the Venture totaled $342,205 and
$471,427, respectively, for the three month period ended March 31, 1997, and
$313,048 and $422,796, respectively, for the three month period ended March 31,
1996.
7
<PAGE>
CABLE TV FUND 14-B, LTD.
------------------------
(A Limited Partnership)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
---------------------------------------------------------------
RESULTS OF OPERATIONS
---------------------
FINANCIAL CONDITION
- -------------------
The Partnership owns a 73 percent interest in the Venture. The
accompanying financial statements include 100 percent of the accounts of the
Partnership and those of the Venture, reduced by the 27 percent minority
interest in the Venture.
The Partnership-
For the three months ended March 31, 1997, the Surfside System and Little
Rock System generated net cash from operating activities totaling $967,486,
which is available to fund capital expenditures and non-operating costs. The
Partnership expended approximately $534,000 on capital additions in its wholly-
owned Surfside and Little Rock Systems during the first quarter of 1997.
Service drops to homes accounted for approximately 47 percent of these
expenditures and new plant construction accounted for approximately 31 percent.
The remainder of the expenditures was for various enhancements in the
Partnership's systems. Funding for these expenditures was provided by cash on
hand and cash generated from operations. Anticipated capital expenditures for
the remainder of 1997 are approximately $3,564,000. Approximately 34 percent is
designated for rebuild construction and approximately 33 percent is designated
for plant construction in both of the Partnership's systems. Service drops to
homes are expected to account for approximately 19 percent. The remainder of
these expenditures is for various enhancements in each of the Partnership's
systems. These expenditures are necessary to maintain the value of the
Partnership's systems. Funding for these improvements will be provided by cash
on hand, cash generated from operations and borrowings under the Partnership's
credit facility.
In December 1995, the Partnership entered into a reducing revolving
credit facility with an available commitment of $18,000,000. At March 31, 1997,
the balance outstanding was $14,700,000, leaving $3,300,000 available for future
borrowings. On September 30, 1998, the maximum available on the reducing
revolving credit facility begins to reduce quarterly until December 31, 2003
when the amount available will be zero. Interest on the reducing revolving
credit facility is at the Partnership's option of the Base Rate plus 1/8
percent, the London Interbank Offered Rate ("LIBOR") plus 1-1/8 percent, or the
Certificate of Deposit Rate ("CD Rate") plus 1-1/4 percent. The effective
interest rates on amounts outstanding as of March 31, 1997 and 1996 were 6.66
percent and 6.84 percent, respectively.
The General Partner believes that the Partnership's wholly owned systems
have sufficient sources of capital from cash on hand, cash generated from
operations and borrowings available under the reducing revolving credit facility
to service their presently anticipated needs.
The Venture-
For the three months ended March 31, 1997, the Venture generated net cash
from operating activities totaling $1,118,673, which is available to fund
capital expenditures and non-operating costs. During the first three months of
1997, capital expenditures in the Venture-owned Broward County System totaled
approximately $911,000. Approximately 45 percent of these expenditures related
to service drops to homes. Approximately 33 percent of these expenditures
related to new plant construction. The remainder of the expenditures was for
various enhancements in the Broward County System. Funding for these
expenditures was provided by cash on hand and cash generated from operations.
Anticipated capital expenditures for the remainder of 1997 are approximately
$3,000,000. Approximately 43 percent will relate to service drops to homes.
Approximately 38 percent will relate to new plant construction. The remainder
of the anticipated expenditures is for various enhancements in the Broward
County System. These expenditures are necessary to maintain the value of the
Broward County System. These capital expenditures are expected to be funded
from cash on hand, cash generated from operations and borrowings under the
Venture's credit facility.
In June 1996, the Venture amended its existing term loan providing for a
reducing revolving credit facility with an available commitment of $42,500,000.
The entire $42,500,000 commitment is available through December 31, 1998, at
which time the commitment will begin to reduce quarterly until December 31,
2003, when the amount available will be zero.
8
<PAGE>
At March 31, 1997, the balance outstanding was $41,503,000, leaving $997,000
available for future borrowings. Interest is at the Venture's option of the
Prime Rate plus 1/4 percent, LIBOR plus 1-1/4 percent or the CD Rate plus 1-3/8
percent. The effective interest rates on amounts outstanding as of March 31,
1997 and 1996 were 6.77 percent and 6.63 percent, respectively.
The General Partner believes that the Venture has sufficient sources of
capital from cash on hand, cash generated from operations and borrowings under
its credit facility to service its current needs.
9
<PAGE>
RESULTS OF OPERATIONS
- ---------------------
The results of operations for the Partnership are summarized in the selected
financial data below:
<TABLE>
<CAPTION>
For the Three Months Ended March 31, 1997
------------------------------------------
Partnership Venture
Owned Owned Consolidated
----------- ------------- -------------
<S> <C> <C> <C>
Revenues $3,221,673 $6,844,105 $10,065,778
Operating expenses $1,874,048 $3,833,754 $ 5,707,802
Management fees and allocated overhead from General Partner $ 377,544 $ 813,632 $ 1,191,176
Depreciation and amortization $1,269,447 $2,121,717 $ 3,391,164
Operating income (loss) $ (299,366) $ 75,002 $ (224,364)
Interest expense $ (249,527) $ (703,657) $ (953,184)
Consolidated loss before minority interest $ (532,247) $ (594,584) $(1,126,831)
Minority interest in consolidated loss $ - $ 161,132 $ 161,132
Net loss $ (532,247) $ (433,452) $ (965,699)
<CAPTION>
For the Three Months Ended March 31, 1996
------------------------------------------
Partnership Venture
Owned Owned Consolidated
----------- ------------- -------------
<S> <C> <C> <C>
Revenues $2,907,874 $6,260,965 $ 9,168,839
Operating expenses $1,686,285 $3,515,716 $ 5,202,001
Management fees and allocated overhead from General Partner $ 343,129 $ 735,844 $ 1,078,973
Depreciation and amortization $1,247,255 $2,061,381 $ 3,308,636
Operating loss $ (368,795) $ (51,976) $ (420,771)
Interest expense $ (273,351) $ (801,691) $(1,075,042)
Consolidated loss before minority interest $ (642,642) $ (819,177) $(1,461,819)
Minority interest in consolidated loss $ - $ 221,977 $ 221,977
Net loss $ (642,642) $ (597,200) $(1,239,842)
</TABLE>
10
<PAGE>
Partnership owned -
- -----------------
Revenues of the Partnership's Surfside System and Little Rock System
increased $313,799, or approximately 11 percent, to $3,221,673 for the three
months ended March 31, 1997, from $2,907,874 for the comparable 1996 period.
Basic service rate increases accounted for approximately 30 percent of the
increase in revenues. The number of basic subscribers totaled 26,856 at March
31, 1997 compared to 26,026 at March 31, 1996, an increase of 830, or
approximately 3 percent. This increase in basic subscribers accounted for
approximately 20 percent of the increase in revenues. Increases in advertising
activity accounted for approximately 24 percent of the increase in revenues. No
other individual factor significantly affected the increase in revenues.
Operating expenses consist primarily of costs associated with the
operation and administration of the Partnership's cable television systems. The
principal cost components are salaries paid to system personnel, programming
expenses, professional fees, subscriber billing costs, rent for leased
facilities, cable system maintenance expenses and marketing expenses.
Operating expenses increased $187,763, or approximately 11 percent, to
$1,874,048 for the three months ended March 31, 1997, from $1,686,285 for the
comparable 1996 period. Operating expenses represented approximately 58 percent
of revenue for both 1997 and 1996. This increase in operating expenses was
primarily due to increases in programming fees and advertising expenses. No
other individual factor significantly affected the increase in operating
expenses.
The cable television industry generally measures the financial
performance of a cable television system in terms of operating cash flow
(revenues less operating expenses). This measure is not intended to be a
substitute or improvement upon the items disclosed on the financial statements,
rather it is included because it is an industry standard. Operating cash flow
increased $126,036, or approximately 10 percent, to $1,347,625 for the three
months ended March 31, 1997 from $1,221,589 for the comparable 1996 period due
to the increase in revenues exceeding the increases in operating expenses.
Management fees and allocated overhead from the General Partner increased
$34,415, or approximately 10 percent, to $377,544 for the three months ended
March 31, 1997 from $343,129 for the comparable 1996 period. This increase was
primarily due to the increase in revenues, upon which such management fees and
allocations are based, and the timing of certain expenses allocated from the
General Partner.
Depreciation and amortization expense increased $22,192, or approximately
2 percent, to $1,269,447 for the three months ended March 31, 1997 from
$1,247,255 for the comparable 1996 period. This increase was due to capital
additions to the Partnership's asset base.
Operating loss decreased $69,429, or approximately 19 percent, to
$299,366 for the three months ended March 31, 1997 from $368,795 for the
comparable 1996 period. This decrease was due to the increase in revenues
exceeding the increases in operating expenses, management fees and allocated
overhead from the General Partner and depreciation and amortization expense.
Interest expense decreased $23,824, or approximately 9 percent, to
$249,527 for the three months ended March 31, 1997 from $273,351 for the
comparable 1996 period. This decrease was due to lower effective interest rates
and lower outstanding balances on interest bearing obligations.
Net loss decreased $110,395, or approximately 17 percent, to $532,247 for
the three months ended March 31, 1997 from $642,642 for the comparable 1996
period. These losses were primarily the result of the factors discussed above.
Venture owned -
- -------------
In addition to its ownership of the Surfside System and the Little Rock
System, the Partnership owns a 73 percent interest in the Venture.
Revenues of the Venture's Broward County System increased $583,140, or
approximately 9 percent, to $6,844,105 for the three months ended March 31,
1997, from $6,260,965 for the comparable 1996 period. Basic service rate
increases accounted for approximately 30 percent of the increase in revenues.
The number of basic subscribers totaled 52,042 at March 31, 1997 compared to
50,965 at March 31, 1996, an increase of 1,077, or approximately 2 percent.
This increase in
11
<PAGE>
basic subscribers accounted for approximately 14 percent of the increase in
revenues. An increase in advertising activity accounted for approximately 27
percent of the increase in revenues. No other individual factor significantly
affected the increase in revenues.
Operating expenses increased $318,038, or approximately 9 percent, to
$3,833,754 for the three months ended March 31, 1997 from $3,515,716 for the
comparable 1996 period. Operating expenses represented approximately 56 percent
of revenue for both 1997 and 1996. This increase in operating expenses was due
primarily to increases in programming fees and advertising expenses. No other
individual factor significantly affected the increase in operating expenses.
Operating cash flow increased $265,102, or approximately 10 percent, to
$3,010,351 for the three months ended March 31, 1997 from $2,745,249 for the
comparable 1996 period due to the increase in revenues exceeding the increase in
operating expenses.
Management fees and allocated overhead from Jones Intercable, Inc.
increased $77,788, or approximately 11 percent, to $813,632 for the three months
ended March 31, 1997 from $735,844 for the comparable 1996 period. This
increase was primarily due to the increase in revenues, upon which such
management fees and allocations are based, and the timing of certain expenses
allocated from Jones Intercable, Inc.
Depreciation and amortization expense increased $60,336, or approximately
3 percent, to $2,121,717 for the three months ended March 31, 1997 from
$2,061,381 for the comparable 1996 period. This increase was attributable to
capital additions to the Venture's asset base.
For the three months ended March 31, 1997, the Venture had operating
income of $75,002 compared to an operating loss of $51,976 for the three months
ended March 31, 1996. This change was due to the increase in revenues exceeding
the increases in operating expenses, depreciation and amortization expenses and
management fees and allocated overhead from Jones Intercable, Inc.
Interest expense decreased $98,034, or approximately 12 percent, to
$703,657 for the three months ended March 31, 1997 from $801,691 for the
comparable 1996 period due to lower outstanding balances on interest bearing
obligations.
Net loss decreased $224,593, or approximately 27 percent, to $594,584 for
the three months ended March 31, 1997 from $819,177 for the comparable 1996
period. These losses were primarily the result of the factors discussed above.
12
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K.
a) Exhibits
27) Financial Data Schedule
b) Reports on Form 8-K
None
13
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CABLE TV FUND 14-B, LTD.
BY: JONES INTERCABLE, INC.
General Partner
By:/S/ Kevin P. Coyle
-----------------------------
Kevin P. Coyle
Group Vice President/Finance
(Principal Financial Officer)
Dated: May 13, 1997
14
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<CASH> 1,251,084
<SECURITIES> 0
<RECEIVABLES> 1,033,096
<ALLOWANCES> (121,092)
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 99,538,670
<DEPRECIATION> (50,307,640)
<TOTAL-ASSETS> 103,618,320
<CURRENT-LIABILITIES> 3,143,041
<BONDS> 56,425,919
0
0
<COMMON> 0
<OTHER-SE> 44,049,360
<TOTAL-LIABILITY-AND-EQUITY> 103,618,320
<SALES> 0
<TOTAL-REVENUES> 10,065,778
<CGS> 0
<TOTAL-COSTS> 10,290,142
<OTHER-EXPENSES> (50,717)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 953,184
<INCOME-PRETAX> (965,699)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (965,699)
<EPS-PRIMARY> (3.66)
<EPS-DILUTED> (3.66)
</TABLE>
