<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________________________________
FORM 10-Q
(MARK ONE)
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996
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 0-18495
Enstar Income/Growth Program Six-B, L.P.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Georgia 58-1754588
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
10900 Wilshire Boulevard, 15th Floor, Los Angeles, CA 90024
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (310) 824-9990
FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST
REPORT.
Indicate by check X 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> 2
PART I - FINANCIAL INFORMATION
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
CONDENSED BALANCE SHEETS
========================================
<TABLE>
<CAPTION>
December 31, June 30,
1995* 1996
----------------- ----------------
(unaudited)
<S> <C> <C>
ASSETS:
Cash and cash equivalents $ 39,800 $ 270,300
Receivables, less allowance of $4,600 and
$3,200 for possible losses 88,200 47,800
Insurance claims receivable 306,300 341,500
Cable materials, equipment, supplies and other 57,300 50,500
Property, plant and equipment less accumulated depreciation
and amortization of $1,991,000 and $2,225,700 3,567,700 3,703,300
Franchise cost, net of accumulated
amortization of $1,897,700 and $2,076,900 2,400,700 2,227,400
Customer lists and other intangible costs, net of
accumulated amortization of $280,800 and $296,100 305,700 299,700
--------------- ---------------
$ 6,765,700 $ 6,940,500
=============== ===============
LIABILITIES AND PARTNERSHIP CAPITAL
----------------------------------
LIABILITIES:
Note payable $ 1,630,700 $ 1,545,100
Accounts payable 186,400 219,500
Due to affiliates 1,274,900 1,518,700
--------------- ---------------
TOTAL LIABILITIES 3,092,000 3,283,300
--------------- ---------------
COMMITMENTS AND CONTINGENCIES
PARTNERSHIP CAPITAL (DEFICIT):
General partners (35,900) (36,100)
Limited partners 3,709,600 3,693,300
--------------- ---------------
TOTAL PARTNERSHIP CAPITAL 3,673,700 3,657,200
--------------- ---------------
$ 6,765,700 $ 6,940,500
=============== ===============
</TABLE>
*As presented in the audited financial statements.
See accompanying notes to condensed financial statements.
-2-
<PAGE> 3
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
CONDENSED STATEMENTS OF OPERATIONS
========================================
<TABLE>
<CAPTION>
Unaudited
---------------------------------
Three months ended
June 30,
---------------------------------
1995 1996
------------ -----------
<S> <C> <C>
REVENUES $ 550,700 $ 605,100
------------ -----------
OPERATING EXPENSES:
Service costs 167,300 181,800
General and administrative expenses 105,300 105,800
General Partner management fees
and reimbursed expenses 49,700 57,900
Depreciation and amortization 279,400 224,600
------------ -----------
601,700 570,100
------------ -----------
OPERATING INCOME (LOSS) (51,000) 35,000
------------ -----------
OTHER INCOME (EXPENSE):
Interest income 1,500 1,900
Interest expense (56,900) (37,900)
------------ -----------
(55,400) (36,000)
------------ -----------
NET LOSS $ (106,400) $ (1,000)
============ ===========
NET LOSS PER UNIT OF LIMITED
PARTNERSHIP INTEREST $ (2.88) $ (.03)
============ ===========
AVERAGE LIMITED PARTNERSHIP
UNITS OUTSTANDING DURING PERIOD 36,626 36,626
============ ===========
</TABLE>
See accompanying notes to condensed financial statements.
-3-
<PAGE> 4
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
CONDENSED STATEMENTS OF OPERATIONS
========================================
<TABLE>
<CAPTION>
Unaudited
------------------------------
Six months ended
June 30,
------------------------------
1995 1996
---------- ----------
<S> <C> <C>
REVENUES $1,073,500 $1,180,300
---------- ----------
OPERATING EXPENSES:
Service costs 341,500 370,900
General and administrative expenses 189,200 203,700
General Partner management fees
and reimbursed expenses 95,900 112,100
Depreciation and amortization 523,500 436,200
---------- ----------
1,150,100 1,122,900
---------- ----------
OPERATING INCOME (LOSS) (76,600) 57,400
---------- ----------
OTHER INCOME (EXPENSE):
Interest income 2,800 3,200
Interest expense (103,300) (77,100)
---------- ----------
(100,500) (73,900)
---------- ----------
NET LOSS $ (177,100) $ (16,500)
========== ==========
NET LOSS PER UNIT OF LIMITED
PARTNERSHIP INTEREST $ (4.79) $ (.45)
========== ==========
AVERAGE LIMITED PARTNERSHIP
UNITS OUTSTANDING DURING PERIOD 36,626 36,626
========== ==========
</TABLE>
See accompanying notes to condensed financial statements.
-4-
<PAGE> 5
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
STATEMENTS OF CASH FLOWS
========================================
<TABLE>
<CAPTION>
Unaudited
------------------------------------------
Six months ended
June 30,
------------------------------------------
1995 1996
----------------- ---------------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss $ (177,100) $ (16,500)
Adjustments to reconcile net loss to net cash
provided by operating activities:
Depreciation and amortization 523,500 436,200
Amortization of deferred loan costs 100 400
Increase (decrease) from changes in:
Receivables (47,300) 5,200
Cable materials, equipment,
supplies and other 2,400 6,800
Accounts payable and due to affiliates 17,100 276,900
--------------- ---------------
Net cash provided by operating activities 318,700 709,000
--------------- ---------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures (214,900) (374,500)
Increase in intangible assets (12,400) (13,400)
--------------- ---------------
Net cash used in investing activities (227,300) (387,900)
--------------- ---------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt (95,600) (85,600)
Deferred loan costs - (5,000)
--------------- ---------------
Net cash used in financing activities (95,600) (90,600)
--------------- ---------------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (4,200) 230,500
CASH AND CASH EQUIVALENTS
AT BEGINNING OF PERIOD 193,100 39,800
--------------- ---------------
CASH AND CASH EQUIVALENTS
AT END OF PERIOD $ 188,900 $ 270,300
=============== ===============
</TABLE>
See accompanying notes to condensed financial statements.
-5-
<PAGE> 6
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
=======================================
1. INTERIM FINANCIAL STATEMENTS
The accompanying condensed interim financial statements for the three
and six months ended June 30, 1996 and 1995 are unaudited. These condensed
interim financial statements should be read in conjunction with the audited
financial statements and notes thereto included in the Partnership's latest
Annual Report on Form 10-K. In the opinion of management, such statements
reflect all adjustments (consisting only of normal recurring adjustments)
necessary for a fair presentation of the results of such periods. The results
of operations for the three and six months ended June 30, 1996 are not
necessarily indicative of results for the entire year.
2. TRANSACTIONS WITH THE GENERAL PARTNER AND AFFILIATES
The Partnership has a management and service agreement with a wholly
owned subsidiary of the Corporate General Partner (the "Manager") for a monthly
management fee of 5% of revenues, excluding revenues from the sale of cable
television systems or franchises. Management fees approximated $30,200 and
$59,000 for the three and six months ended June 30, 1996.
In addition to the monthly management fee described above, the
Partnership reimburses the Manager for direct expenses incurred on behalf of
the Partnership and for the Partnership's allocable share of operational costs
associated with services provided by the Managers. All cable television
properties managed by the Corporate General Partner and its subsidiary are
charged a proportionate share of these expenses. Corporate office allocations
and district office expenses are charged to the properties served based
primarily on the respective percentage of basic subscribers or homes passed
(dwelling units within a system) within the designated service areas. The total
amount charged to the Partnership for these services approximated $27,700 and
$53,100 for the three and six months ended June 30, 1996. Payments of
management fees and reimbursed expenses of approximately $58,200 and $112,800
were deferred in the three and six months ended June 30, 1996. The cumulative
amount deferred as of June 30, 1996 amounted to $1,020,100. Management fees and
reimbursed expenses due the Corporate General Partner are non-interest
bearing.
The Partnership also receives certain system operating management
services from affiliates of the Corporate General Partner in addition to the
Manager due to the fact that there are no such employees directly employed by
the Partnership. The Partnership reimburses the affiliates for its allocable
share of the affiliates' operational costs. The total amount charged to the
Partnership for these costs approximated $63,400 and $119,900 in the three and
six months ended June 30, 1996. No management fee is payable to the affiliates
by the Partnership and there is no duplication of reimbursed expenses and costs
paid to the Manager.
Certain programming services have been purchased through an affiliate
of the Partnership. In turn, the affiliate charges the Partnership for these
costs based on an estimate of what the Partnership could negotiate for such
programming services on a stand-alone basis. Programming fee expense charged
to the
-6-
<PAGE> 7
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(CONCLUDED)
=======================================
2. TRANSACTIONS WITH THE GENERAL PARTNER AND AFFILIATES (CONTINUED)
Partnership was $105,800 and $208,100 for the three and six months ended June
30, 1996. Programming fees are included in service costs in the statements of
operations for the three and six months ended June 30, 1996 and 1995. Payments
of programming fees of approximately $104,700 and $206,200 were deferred in the
three and six months ended June 30, 1996. The cumulative amount deferred as of
June 30, 1996 amounted to $388,200.
3. EARNINGS PER UNIT OF LIMITED PARTNERSHIP INTEREST
Earnings and losses per unit of limited partnership interest is based
on the average number of units outstanding during the periods presented. For
this purpose, earnings and losses are allocated 99% to the limited partners and
1% to the general partners.
4. RECLASSIFICATIONS
Certain 1995 amounts have been classified to conform to the 1996
presentation.
-7-
<PAGE> 8
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
INTRODUCTION
On February 8, 1996, President Clinton signed into law the
Telecommunications Act of 1996 (the "1996 Telecom Act"). This statute
substantially changed the competitive and regulatory environment for
telecommunications providers by significantly amending the Communications Act
of 1934, including certain of the rate regulation provisions previously imposed
by the Cable Television Consumer Protection and Competition Act of 1992 (the
"1992 Cable Act"). Compliance with those rate regulations has had a negative
impact on the Partnership's revenues and cash flow. However, in accordance
with policy decisions by the Federal Communications Commission (the "FCC"), the
Partnership will increase regulated service rates in the future in response to
specified historical and anticipated future cost increases, although certain
costs may continue to rise at a rate in excess of that which the Partnership
will be permitted to pass on to its customers. The 1996 Telecom Act provides
that certain of the rate regulations will be phased-out altogether in 1999.
Further, the regulatory environment will continue to change pending, among
other things, the outcome of legal challenges and FCC rulemaking and
enforcement activity in respect of the 1992 Cable Act and the completion of a
significant number of FCC rulemakings under the 1996 Telecom Act. There can be
no assurance as to what, if any, future action may be taken by the FCC,
Congress or any other regulatory authority or court, or the effect thereof on
the Partnership's business. Accordingly, the Partnership's historic interim
financial results as described below are not necessarily indicative of future
performance.
This Report includes certain forward looking statements regarding,
among other things, future results of operations, regulatory requirements,
competition, capital needs and general business conditions applicable to the
Partnership. Such forward looking statements involve risks and uncertainties
including, without limitation, the uncertainty of legislative and regulatory
changes and the rapid developments in the competitive environment facing cable
television operators such as the Partnership. In addition to the information
provided herein, reference is made to the Partnership's Annual Report on Form
10-K for the year ended December 31, 1995 for additional information regarding
such matters and the effect thereof on the Partnership's business.
RESULTS OF OPERATIONS
The Partnership's revenues increased from $550,700 to $605,100, or by
9.9%, and from $1,073,500 to $1,180,300, or by 10.0%, for the three and six
months ended June 30, 1996 as compared to the corresponding periods for 1995.
Of the $54,400 increase in revenues for the three months ended June 30, 1996 as
compared to the corresponding period in 1995, $36,500 was due to increases in
the number of subscriptions for services and $22,800 was due to increases in
regulated service rates that were implemented by the Partnership in the second
quarter in each of 1995 and 1996. These increases were partially offset by a
$4,900 decrease in other revenue producing items. Of the $106,800 increase in
revenues for the six months ended June 30, 1996 as compared to the
corresponding period in 1995, $73,500 was due to increases in the number of
subscriptions for services and $40,900 was due to increases in regulated
service rates that were implemented by the Partnership as discussed above.
These increases were partially offset by a $7,600 decrease in other revenue
producing items. As of June 30, 1996, the Partnership had approximately 6,900
homes subscribing to cable service and 1,700 premium service units.
-8-
<PAGE> 9
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
RESULTS OF OPERATIONS (CONTINUED)
Service costs increased from $167,300 to $181,800, or by 8.7%, and
from $341,500 to $370,900, or by 8.6%, for the three and six months ended June
30, 1996 as compared to the corresponding periods for 1995. Service costs
represent costs directly attributable to providing cable services to customers.
Of the $14,500 increase in service costs for the three months ended June 30,
1996 as compared to the corresponding period in 1995, $17,500 related to
increases in programming fees (including primary satellite fees) and $14,300
was due to an increase in property taxes. These increases were partially offset
by a $15,400 increase in capitalization of labor and overhead expense due to
more capital projects during the quarter ending June 30, 1996. Of the $29,400
increase in service costs for the six months ended June 30, 1996 as compared to
the corresponding period in 1995, $30,500 related to increases in programming
fees (including primary satellite fees) and $12,900 was due to an increase in
property taxes. These increases were partially offset by a $21,100 increase in
capitalization of labor and overhead expense due to more capital projects in
the six month period. The increases in programming fees during the three and
six months ended June 30, 1996 resulted from higher rates charged by
programming suppliers and from expanded programming usage relating to channel
line-up restructuring. The increases in property taxes were due to
non-recurring credits taken against expense in the second quarter of 1995 to
adjust estimated property taxes to reflect actual tax assessments in Georgia.
General and administrative expenses remained relatively unchanged,
increasing from $105,300 to $105,800 (less than one-percent) for the quarter
ended June 30, 1996 compared to the corresponding period in 1995. General and
administrative expenses increased from $189,200 to $203,700, or by 7.7%, for
the six months ended June 30, 1996 as compared to the corresponding period in
1995. Of the $14,500 increase for the six months ended June 30, 1996 as
compared to the corresponding period in 1995, $7,300 was due to an increase in
bad debt expense, $6,200 was due to an increase in personnel costs, $5,200 was
due to higher insurance premiums, $2,900 was due to an increase in expenses
allocated by affiliates of the Corporate General Partner that provide system
operating management services to the Partnership and $2,600 was due to an
increase in expense related to reregulation of the cable industry. These
increases were partially offset by a $9,200 increase in capitalization of labor
and overhead expense due to a greater number of capital projects in the 1996
period.
Management fees and reimbursed expenses increased from $49,700 to
$57,900, or by 16.5%, and from $95,900 to $112,100, or by 16.9%, for the three
and six months ended June 30, 1996 as compared to the corresponding periods for
1995. Reimbursable expenses increased by $5,600 and $10,900 for the three and
six months ended June 30, 1996 from the comparable periods in 1995, primarily
due to higher allocated personnel costs, office rent and professional fees.
Management fees increased by $2,600 and $5,300 for the three and six months
ended June 30, 1996 from the corresponding 1995 periods in direct relation to
increased revenues as described above.
Depreciation and amortization expense decreased from $279,400 to
$224,600, or by 19.6%, and from $523,500 to $436,200, or by 16.7%, for the
three and six months ended June 30, 1996 as compared to the corresponding
periods for 1995 primarily due to the effect of certain plant assets becoming
fully depreciated and certain intangible assets becoming fully amortized in
1995.
-9-
<PAGE> 10
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
RESULTS OF OPERATIONS (CONCLUDED)
The Partnership generated operating income of $35,000 and $57,400 for
the three and six months ended June 30, 1996 as compared to an operating loss
of $51,000 and $76,600 for the corresponding periods in 1995 primarily due to
increases in revenues and decreases in depreciation and amortization expense as
described above.
Interest expense, net of interest income, decreased from $55,400 to
$36,000, or by 35.0%, and from $100,500 to $73,900, or by 26.5% for the three
and six months ended June 30, 1996 as compared to the corresponding periods for
1995. The three and six months' decreases were primarily due to decreases in
average borrowings from $1,811,200 and $1,841,200 in the three and six months
ended June 30, 1995 to $1,545,100 and $1,587,900 during the corresponding
periods in 1996. The decrease was also due to lower average interest rates
(9.8% and 9.7% during the three and six months ended June 30, 1995 versus 9.0%
in the corresponding periods in 1996).
Due to the factors described above, the Partnership's net loss
decreased from $106,400 to $1,000 and from $177,100 to $16,500 for the three
and six months ended June 30, 1996 as compared to the corresponding periods for
1995.
LIQUIDITY AND CAPITAL RESOURCES
The FCC's amended rate regulation rules were implemented during the
quarter ended September 30, 1994. Compliance with these rules has had a
negative impact on the Partnership's revenues and cash flow.
The Partnership's primary objective, having invested its net offering
proceeds in cable systems, is to distribute to its partners all available cash
flow from operations and proceeds from the sale of cable systems, if any, after
providing for expenses, debt service and capital requirements relating to the
expansion, improvement and upgrade of its cable systems. The Partnership
currently relies exclusively on the availability of cash generated from
operations to fund its ongoing expenses, debt service and capital requirements.
In general, these requirements involve expansion, improvement and upgrade of
the Partnership's existing cable systems. As of the date of this Report,
substantially all of the available channel capacity in the Partnership's
systems is being utilized and each of such systems requires rebuilding. The
rebuild program is presently estimated to require aggregate capital
expenditures of approximately $8.0 million, although the majority of the total
is not planned to be spent until 1998 and 1999. One of these rebuilds is
required by an existing franchising agreement, and is estimated to cost
approximately $7.2 million. The Partnership's management believes that the
Partnership's cash flow and other sources of capital will be adequate to meet
its current liquidity requirements, which include necessary capital
expenditures of approximately $500,000 in 1996, $288,000 of which is to extend
the Partnership's systems to pass new serviceable homes in their franchise
areas. To incur this level of capital expenditures, however, the Partnership
will be required to continue to defer the payment of additional management fees
in 1996. Failure to rebuild the cable systems in a timely fashion could have
an adverse effect on the value of those systems compared to systems that have
been rebuilt to a higher technical standard. Funding rebuild capital
expenditures beyond 1995 will require refinancing the Partnership's term loan
agreement, and there can be no assurance that the Partnership will be able to
obtain such a refinancing on terms acceptable to the Partnership.
-10-
<PAGE> 11
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
LIQUIDITY AND CAPITAL RESOURCES (CONTINUED)
As previously disclosed, in response to the FCC's amended rate
regulation rules and the Partnership's capital expenditure requirements,
distributions to Unitholders were discontinued subsequent to the distribution
paid for the period ended May 31, 1994. As stated at the time of the
announcement of this decision, management believes that it is critical for the
Partnership to preserve its liquidity through the retention of cash.
An affiliate of the Corporate General Partner was engaged in the
negotiation of the purchase and sale of cable television systems with an
unaffiliated third party. In the course of those discussions, such third party
had, on an unsolicited basis, indicated an interest in acquiring the
Partnership's Villa Rica cable system. Those negotiations have been terminated
and, at present no such sale is imminent.
On June 30, 1996, the outstanding balance of the Partnership's term
loan was $1,545,100 and was payable in quarterly installments ranging from
$85,600 to $161,000, plus interest. Scheduled principal payments total $342,200
in 1996 and $422,800 in 1997. The Partnership made its first and second
scheduled principal repayments of 1996 on April 1 and July 16, respectively.
The Partnership's term loan agreement contains certain financial tests
and other covenants including, among others, restrictions relating to
acquisitions of cable systems and capital expenditures. The Partnership
believes that it was in compliance with its debt covenants as of June 30, 1996.
As of June 30, 1996, the Partnership owed the Corporate General Partner
$1,020,100 for deferred management fees and reimbursable expenses, and also
owed an affiliate in excess of $475,000 for programming fees. These deferred
amounts will be repaid when the Partnership refinances its credit facility or
at such time as the cable television systems are sold.
SIX MONTHS ENDED JUNE 30, 1996 AND 1995
Cash provided by operating activities increased by $390,300 from
$318,700 for the six months ended June 30, 1995 to $709,000 for the six months
ended June 30, 1996. Changes in accounts payable and due to affiliates used
$259,800 less cash in the 1996 period for the payment of liabilities owed to
the Corporate General Partner and third party creditors. Partnership operations
generated $73,600 of additional income after adding back non-cash depreciation
and amortization charges. Changes in receivables, inventory balances and other
assets provided $56,900 of additional cash in the first six months of 1996.
The Partnership used $160,600 more cash in investing activities during
the six months ended June 30, 1996 than in the comparable six months of 1995
due to increases of $159,600 in expenditures for tangible assets and $1,000 in
expenditures for intangible assets. Financing activities used $5,000 less cash
in the six months ended June 30, 1996 than in the prior year period due to a
reduction in debt repayments and deferred loan costs related to the
Partnership's note payable.
Operating income before depreciation and amortization (EBITDA) as a
percentage of revenues increased from 41.5% to 42.9% during the second quarter
of 1996 and increased from 41.6% to 41.8% during the first six months of 1996,
compared to the corresponding 1995 periods. The change was primarily due to
increased revenues. EBITDA increased from $228,400 to $259,600, or by 13.7%,
and from
-11-
<PAGE> 12
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
LIQUIDITY AND CAPITAL RESOURCES (CONCLUDED)
$446,900 to $493,600, or by 10.4%, for the three and six months ended June 30,
1996 compared to the corresponding periods in 1995.
INFLATION
Certain of the Partnership's expenses, such as those for wages and
benefits, equipment repair and replacement, and billing and marketing generally
increase with inflation. However, the Partnership does not believe that its
financial results have been, or will be, adversely affected by inflation in a
material way, provided that it is able to increase its service rates
periodically, of which there can be no assurance.
-12-
<PAGE> 13
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
PART II. OTHER INFORMATION
ITEMS 1-5. Not applicable.
ITEM 6. Exhibits and Reports on Form 8-K
(a) None
(b) No reports on Form 8-K were filed for the quarter for which
this report is filed.
<PAGE> 14
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.
ENSTAR INCOME/GROWTH PROGRAM SIX-B, L.P.
a GEORGIA LIMITED PARTNERSHIP
(Registrant)
By: ENSTAR COMMUNICATIONS CORPORATION
General Partner
Date: August 7, 1996 By: /s/ MICHAEL K. MENERY
------------------------------------
Michael K. Menerey,
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AT JUNE 30, 1996, AND THE STATEMENTS OF OPERATIONS FOR THE SIX MONTHS
ENDED JUNE 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 270,300
<SECURITIES> 0
<RECEIVABLES> 392,500
<ALLOWANCES> 3,200
<INVENTORY> 50,500
<CURRENT-ASSETS> 0
<PP&E> 5,929,000
<DEPRECIATION> 2,225,700
<TOTAL-ASSETS> 6,940,500
<CURRENT-LIABILITIES> 1,738,200
<BONDS> 1,545,100
0
0
<COMMON> 0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 6,940,500
<SALES> 0
<TOTAL-REVENUES> 1,180,300
<CGS> 0
<TOTAL-COSTS> 1,122,900
<OTHER-EXPENSES> (3,200)
<LOSS-PROVISION> 32,500
<INTEREST-EXPENSE> 77,100
<INCOME-PRETAX> (16,500)
<INCOME-TAX> 0
<INCOME-CONTINUING> (16,500)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (16,500)
<EPS-PRIMARY> (.45)
<EPS-DILUTED> 0
</TABLE>
