Univision's Q1 cash up at $46 million; company gains market share

By Lisa Kerner

Charlotte, N.C., April 23 - Univision Communications Inc. reported cash and cash equivalents of $46.4 million and long-term debt and capital lease obligations of about $8.96 billion for the first quarter ended March 31.

For the period ended Dec. 31, the figures were $35.5 million and $8.93 billion, respectively, according to the company's first-quarter 2013 earnings release and reporting package.

Net cash provided by operating activities was $24 million for the quarter.

Univision used net cash of $143.3 million in investing activities during the period.

Financing activities in the first quarter provided net cash of $130.2 million, primarily attributable to proceeds from the issuance of new debt, the company said.

First-quarter revenue was up 6.4% from the prior-year period at $562 million, while adjusted operating income before OIBDA rose 22% to $224.2 million.

President and chief executive officer Randy Falco said the Univision Network made history in the February "sweeps," drawing a larger primetime audience than NBC among adults 18 to 49 and adults 18 to 34. Also during the quarter, Univision signed a comprehensive retransmission deal with DIRECTV.

Univision is a Los Angeles-based Spanish-language media company.

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