10-Q 1 ctvf14a10q.txt UNITED STATES 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, 2003 [ ] 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 0-15378 CABLE TV FUND 14-A, LTD. Exact name of registrant as specified in charter Colorado 84-1024657 ----------------------------------- ---------------------------- State of organization I.R.S. employer I.D. # c/o Comcast Corporation 1500 Market Street, Philadelphia, PA 19102-2148 -------------------------------------------------------------------------------- Address of principal executive office (215) 665-1700 -------------------------------------------------------------------------------- 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 ----- ------ Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12-b2 of the Exchange Act). Yes No X ----- ------

CABLE TV FUND 14-A, LTD. ------------------------ (A Limited Partnership) CONDENSED BALANCE SHEET ----------------------- (Unaudited) ~~September~~June 30, December 31, ASSETS 2003 2002 ~~2001~~ ------ -------------~~---~~ -------------~~---~~ Cash ..................................................~~..............~~ $ 2,~~416~~421,~~912~~852 $ 2,~~455~~411,~~898~~510 ~~Interest receivable.................................................. 3,903~~ --------------- --------------- Total assets ............................~~......................~~ $ 2,~~416~~421,~~912~~852 $ 2,~~459~~411,~~801~~510 =============== =============== LIABILITIES AND PARTNERS' CAPITAL --------------------------------- LIABILITIES: Advances from affiliates .........................~~.................~~ $1 44,~~000~~378 $6 7,~~132~~508 ~~Accrued~~Accounts ~~other~~payable and accrued liabilities .........~~............................................~~ 632,500 632,500 --------------- --------------- Total liabilities .......................~~......................~~ ~~633~~676,~~500~~878 ~~638~~640,~~632~~008 --------------- --------------- Commitments and Contingencies (Note 3) PARTNERS' CAPITAL: General Partner- Contributed capital ..............................~~.................~~ 1,000 1,000 Distributions ....................................~~.................~~ (5,101,517) (5,101,517) Accumulated earnings .............................~~.................~~ 5,~~546~~536,~~370~~760 5,~~555~~543,~~809~~392 --------------- --------------- ~~445~~436,~~853~~243 ~~455~~442,~~292~~875 --------------- --------------- Limited Partners- Net contributed capital (160,000 units outstanding at ~~September~~June 30, ~~2002~~2003 and December 31, ~~2001~~2002) ......~~..............~~ 68,722,000 68,722,000 Distributions ....................................~~.................~~ (115,304,552) (115,304,552) Accumulated earnings .............................~~.................~~ 47,~~920~~891,~~111~~283 47,~~948~~911,~~429~~179 --------------- --------------- 1,~~337~~308,~~559~~731 1,~~365~~328,~~877~~627 --------------- --------------- Total liabilities and partners' capital ..~~.....................~~ $ 2,~~416~~421,~~912~~852 $ 2,~~459~~411,~~801~~510 =============== =============== See notes to condensed financial statements. 1

CABLE TV FUND 14-A, LTD. ------------------------- (A Limited Partnership) ~~CONSENSED~~CONDENSED STATEMENT OF OPERATIONS ----------------------------------- (Unaudited) Three Months Ended ~~Nine~~Six Months Ended ~~September~~June 30, ~~September~~June 30, 2003 2002 ~~2001~~2003 2002 ~~2001~~ ---------~~---~~ ---------~~---~~ ---------~~---~~ ----------- OTHER INCOME (EXPENSE): Interest income .................~~.............................~~ $8 4,~~781~~913 $20 9,~~927~~490 $24 10,~~731~~342 $~~187~~ 15,~~131~~950 Administrative expenses and other, ~~net.......................~~ (1224,~~788~~785) (2032,~~562~~760) (6236,~~488~~870) (~~106~~49,~~523~~700) ----------- ----------- ----------- ---------- NET ~~INCOME (~~LOSS) .............................~~..................~~ ($4 19,~~007~~872) ($~~365~~ 23,270) ($37 26,~~757~~528) ($80 33,~~608~~750) =========== =========== =========== ========== ALLOCATION OF NET ~~INCOME (~~LOSS): General Partner .................~~.............................~~ ($1 4,~~002~~968) ($91 5,818) ($9 6,~~439~~632) ($20 8,~~152~~438) =========== =========== =========== ========== Limited Partners ................~~.............................~~ ($3 14,~~005~~904) ($~~274~~ 17,452) ($28 19,~~318~~896) ($60 25,~~456~~312) =========== =========== =========== ========== NET ~~INCOME (~~LOSS) PER LIMITED PARTNERSHIP UNIT ................ ($ 0..09) ($ 0.0211) ($ 0.1812) ($ 0.3816) =========== =========== =========== ========== WEIGHTED AVERAGE NUMBER OF LIMITED PARTNERSHIP UNITS OUTSTANDING ...~~.............................~~ 160,000 160,000 160,000 160,000 =========== =========== =========== ========== See notes to condensed financial statements. 2

CABLE TV FUND 14-A, LTD. -------------------------- (A Limited Partnership) CONDENSED STATEMENT OF CASH FLOWS --------------------------------- (Unaudited) ~~Nine~~Six Months Ended ~~September~~June 30, 2003 2002 ~~2001~~ ------------- -----------~~---~~ CASH FLOWS FROM OPERATING ACTIVITIES: Net ~~income (~~loss) .......................................................~~.....~~ ($3726,~~757~~528) ($8033,~~608~~750) Adjustments to reconcile net ~~income (~~loss) to net cash provided by (used in) ~~provided by~~ operating activities: Decrease in interest receivable .......................~~...................~~ 3,903 ~~44,607~~Increase ~~Decrease~~ in ~~accounts payable and accrued liabilities..................... (25,339) Decrease in~~ advances from affiliates ..................~~...................~~ (536,~~132)~~870 ~~(19~~27,~~094)~~628 ------------ ------------- Net cash ~~(used in)~~ provided by ~~operating activities....................~~ (38,986) 80,782 ------------ ------------- CASH FLOWS FROM FINANCING ACTIVITIES: Distribution to General Partner.............................................. (1,875,000) Distribution to limited partners............................................. (5,625,000) ------------ ------------- Net cash used in) ~~financing~~operating activities~~..................................~~ (710,~~500,000)~~342 ~~------------ ------------- Decrease in cash................................................................~~ (382,~~986~~219) ~~(7,419,218)~~ Cash, beginning of period ...........................................~~............~~ 2,~~455~~411,~~898~~510 92,~~904~~455,~~418~~898 ------------ ------------- Cash, end of period .................................................~~............~~ $ 2,~~416~~421,~~912~~852 $ 2,~~485~~453,~~200~~679 ============ ============= See notes to condensed financial statements. 3

3 CABLE TV FUND 14-A, LTD. ---------------------------- (A Limited Partnership) NOTES TO CONDENSED FINANCIAL STATEMENTS ----------------------------------------- (Unaudited) (1) The condensed balance sheet as of December 31, 2002 has been derived from the audited balance sheet as of that date. The condensed balance sheet as of June 30, 2003, the condensed statement of operations for the three and six months ended June 30, 2003 and 2002, and the condensed statement of cash flows for the six months ended June 30, 2003 and 2002 are unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position, results of operations and cash flows as of June 30, 2003 and for all periods presented have been made. Certain information and note disclosures normally included in the Partnership's annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Partnership's December 31, 2002 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The results of operations for the interim periods presented are not necessarily indicative of operating results for the full year. The Partnership owns no properties. The Partnership has continued in existence because of pending litigation to which the Partnership is a party (see Note 3). (2) The Partnership reimburses its general partner for certain allocated administrative expenses. These expenses represent the salaries and related benefits paid for corporate personnel. Such personnel provide administrative, accounting, tax, legal and investor relations services to the Partnership. Such services, and their related costs, are necessary for the administration of the Partnership until the Partnership is dissolved. Such charges were included in administrative expenses and other in the accompanying condensed statement of operations. Administrative expenses allocated to the Partnership for the three months ended June 30, 2003 and 2002 and for the six months ended June 30, 2003 and 2002 were $618, $9,563, $1,236 and $20,147, respectively. (3) Commitments and Contingencies Litigation Challenging Jones Intercable's Acquisition of Certain Cable Systems In August 1999, Jones Intercable was named a defendant in a case captioned Gramercy Park Investments, LP, Cobble Hill Investments, LP and Madison/AG Partnership Value Partners II, plaintiffs v. Jones Intercable, Inc. and Glenn R. Jones, defendants, and Cable TV Fund 12-B, Ltd., Cable TV Fund 12-C, Ltd., Cable TV Fund 12-D, Ltd., Cable TV Fund 14-A, Ltd. and Cable TV Fund 14-B, Ltd., nominal defendants (U.S. District Court, District of Colorado, Civil Action No. 99-B-1508) (the "Gramercy Park" case) brought as a class and derivative action by limited partners of the named partnerships. The plaintiffs' complaint alleges that the defendants made false and misleading statements to the limited partners of the named partnerships in connection with the solicitation of proxies and the votes of the limited partners on the sales of the Palmdale System, the Albuquerque, New Mexico cable communications system (the "Albuquerque System"), the Littlerock, California cable communications system (the "Littlerock System") and the Calvert County, Maryland cable communications system (the "Calvert County System") by the named partnerships to Jones Intercable or one of its subsidiaries in violation of Sections 14 and 20 of the Securities Exchange Act of 1934, as amended. The plaintiffs specifically allege that the proxy statements delivered to the limited partners in connection with the limited partners' votes on these sales were false, misleading and failed to disclose material facts necessary to make the statements made not misleading. The plaintiffs' complaint also alleges that the defendants breached their fiduciary duties to the plaintiffs and to the other limited partners of the named partnerships and to the named partnerships in connection with the various sales of the Albuquerque System, the Palmdale System, the Littlerock System and the Calvert County System to subsidiaries of Jones Intercable. The complaint alleges that Jones Intercable acquired these cable communications systems at unfairly low prices that did not accurately reflect the market values of the systems. The plaintiffs seek on their own behalf and on behalf of all other limited partners compensatory and nominal damages, the costs and expenses of the litigation, including reasonable attorneys' and experts' fees, and punitive and exemplary damages. 4 CABLE TV FUND 14-A, LTD. --------------------------- (A Limited Partnership) NOTES TO CONDENSED FINANCIAL STATEMENTS ------------------------------------------ (Unaudited) In September 1999, Jones Intercable was named a defendant in a case captioned Mary Schumacher, Charles McKenzie and Geraldine Lucas, plaintiffs v. Jones Intercable, Inc. and Glenn R. Jones, defendants and Cable TV Fund 12-B, Ltd., Cable TV Fund 12-C, Ltd., Cable TV Fund 12-D, Ltd., Cable TV Fund 14-A, Ltd. and Cable TV Fund 14-B, Ltd., nominal defendants (U.S. District Court, District of Colorado, Civil Action No. 99-WM-1702) ("Schumacher") brought as a class and derivative action by three limited partners of the named partnerships. The substance of the Schumacher plaintiffs' complaint is similar to the allegations raised in the Gramercy Park case. In September 1999, Jones Intercable was named a defendant in a case captioned Robert Margolin, Henry Wahlgren and Joan Wahlgren, plaintiffs v. Jones Intercable, Inc. and Glenn R. Jones, defendants and Cable TV Fund 12-B, Ltd., Cable TV Fund 12-C, Ltd., Cable TV Fund 12-D, Ltd., Cable TV Fund 14-A, Ltd. and Cable TV Fund 14-B, Ltd., nominal defendants (U.S. District Court, District of Colorado, Civil Action No. 99-B-1778) ("Margolin") brought as a class and derivative action by three limited partners of the named partnerships. The substance of the Margolin plaintiffs' complaint is similar to the allegations raised in the Gramercy Park case. In November 1999, the United States District Court for the District of Colorado entered an order consolidating all of the cases challenging Jones Intercable's acquisitions of the Albuquerque, Palmdale, Littlerock and Calvert County Systems because these cases involve common questions of law and fact. The cases are presented as both class and derivative actions. In June 2001, the plaintiffs filed a motion for class certification. In August 2001, the General Partner filed a brief in opposition to plaintiffs' motion for class certification. In September 2002, the court granted the plaintiffs' motion for class certification. On June 25, 2003, the parties agreed to the terms of a settlement of this litigation and entered into a written settlement agreement. Because these are class and derivative actions, notice of the settlement was sent to the limited partners on August 5, 2003. The settlement must be approved by the court. The court has set a hearing for final approval of the settlement for September 24, 2003. If the settlement is approved by the court, the Partnership will then be dissolved, although no assurance can be given regarding when the dissolution will take place. All amounts to be paid as a result of the litigation described above are the responsibility of the General Partner, subject to indemnification and other rights of the General Partner pursuant to the terms of the limited partnership agreements. 5 CABLE TV FUND 14-A, LTD. ----------------------- (A Limited Partnership) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND --------------------------------------------------------------- RESULTS OF OPERATIONS ---------------------- FINANCIAL CONDITION ------------------- The only asset of the Partnership at June 30, 2003 was its cash on hand, which is being held in reserve to pay the Partnership's administrative expenses until the Partnership is dissolved. The Partnership has continued in existence because of pending litigation to which the Partnership is a party described in Note 3 to our condensed financial statements. RESULTS OF OPERATIONS --------------------- Administrative expenses and other in the accompanying condensed statement of operations represents various costs associated with the administration of the Partnership. Item 4. Controls and Procedures Our chief executive officer and our co-chief financial officers, after evaluating the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) or 15d-15(e)) as of the end of the period covered by this quarterly report, have concluded, based on the evaluation of these controls and procedures required by paragraph (b) of Exchange Act Rules 13a-15 or 15d-15, that our disclosure controls and procedures were adequate and designed to ensure that material information relating to us and our consolidated subsidiaries would be made known to them by others within those entities. Changes in internal control over financial reporting. There were no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our last fiscal quarter that have materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. PART II - OTHER INFORMATION Item 1. Legal Proceedings Refer to Note 3 to our condensed financial statements included in this Quarterly Report on Form 10-Q for a discussion of recent developments related to our legal proceedings. Item 6. Exhibits and Reports on Form 8-K. a) Exhibits 31 Certifications of Chief Executive Officer and Co-Chief Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32 Certification of Chief Executive Officer and Co-Chief Financial Officers pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. b) Reports on Form 8-K None. 6 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-A, LTD. BY: COMCAST CABLE COMMUNICATIONS, INC. ---------------------------------- General Partner By: /s/ LAWRENCE J. SALVA ---------------------------------- Lawrence J. Salva Senior Vice President (Principal Accounting Officer) Dated: August 6, 2003 7

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