Adelphia posts $1.73 billion net liabilities in liquidation for November

By Caroline Salls

Pittsburgh, Dec. 18 - Adelphia Communications Corp. reported $1.73 billion of net liabilities in liquidation for November, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In October, the company posted $1.749 billion of net liabilities in liquidation.

Cash and cash equivalents at Nov. 30 were $6.064 billion, compared with $5.696 billion at the end of October.

Short-term investments were $3.128 billion at the end of November, and the company had $5.475 billion in Time Warner Cable class A common stock.

For October, short-term investments were $3.269 billion, also with $5.475 billion in Time Warner Cable class A common stock.

The total liabilities for November were $17.43 billion, down slightly from $17.49 billion in October.

Adelphia, a Greenwood Village, Colo.-based cable operator, filed for bankruptcy on June 25, 2002 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 02-41729.

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