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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

FORM 10-Q

[X]   Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the period ended    September 30, 2002   

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:   0-18307   

Northland Cable Properties Eight Limited Partnership

(206) 623-1351

N/A

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   [   ]

This filing contains 20 pages. Exhibits index appears on page 15.

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PART 1 — FINANCIAL INFORMATION

ITEM 1. Financial Statements

NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP
BALANCE SHEETS — (UNAUDITED)

					September 30,				December 31,
					2002				2001
ASSETS
Cash					$	432,808			$	272,876
Accounts receivable						133,191				151,517
Due from affiliates						19,548				7,848
Prepaid expenses						40,553				56,107
Property and equipment, net of accumulated depreciation of $8,560,810 and $7,657,591, respectively						5,152,762				5,723,026
Franchise agreements and acquisition costs, net of accumulated amortization of $2,714,553						3,895,073				3,895,073
Goodwill, net of accumulated amortization of $49,832						108,577				108,577
Loan fees, net of accumulated amortization of $55,265 and $50,840, respectively						5,977				11,086
Total assets					$	9,788,489			$	10,226,110
LIABILITIES AND PARTNERS’ CAPITAL (DEFICIT)
Accounts payable and accrued expenses					$	415,909			$	534,135
Due to Managing General Partner and affiliates						30,277				39,168
Converter deposits						5,061				4,722
Subscriber prepayments						192,335				215,503
Notes payable						8,417,563				8,828,957
Interest rate swap agreements						—				49,964
			Total liabilities			9,061,145				9,672,449
Partners’ capital (deficit):
	General Partner:
		Contributed capital, net				1,000				1,000
		Accumulated deficit				(73,945	)			(75,682	)
						(72,945	)			(74,682	)
	Limited Partners:
		Contributed capital, net				8,120,820				8,120,820
		Accumulated deficit				(7,320,531	)			(7,492,477	)
						800,289				628,343
			Total partners’ capital			727,344				553,661
Total liabilities and partners’ capital					$	9,788,489			$	10,226,110

The accompanying notes are an integral part of these balance sheets.

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NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP
STATEMENTS OF OPERATIONS — (UNAUDITED)

					For the nine months ended September 30,
					2002				2001
Service revenues					$	3,852,845			$	3,869,445
Expenses:
		Operating (including $86,572 and $84,291 to affiliates in 2002 and 2001, respectively), excluding depreciation and amortization shown below				360,943				343,835
		General and administrative (including $453,918 and $463,827 to affiliates in 2002 and 2001, respectively)				991,153				933,703
		Programming (including $75,296 and $79,065 to affiliates in 2002 and 2001, respectively)				1,116,431				1,047,806
		Depreciation and amortization				907,882				1,149,370
						3,376,409				3,474,714
Income from operations						476,436				394,731
Other income (expense):
		Interest expense				(341,445	)			(529,780	)
		Interest income and other, net				(8,270	)			(38,545	)
		Unrealized gain (loss) on interest rate swap agreements				49,964				(89,610	)
		(Loss) gain on disposal of assets				(3,002	)			7,395
						(302,753	)			(650,540	)
Net income (loss)					$	173,683			$	(255,809	)
Allocation of net income (loss):
		General Partner			$	1,737			$	(2,558	)
		Limited Partners			$	171,946			$	(253,251	)
Net income (loss) per limited partnership unit:
		(19,087 units)			$	9			$	(13	)
Net income (loss) per $1,000 investment					$	18			$	(27	)

The accompanying notes are an integral part of these statements.

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NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP
STATEMENTS OF OPERATIONS — (UNAUDITED)

					For the three months ended September 30,
					2002				2001
Service revenues					$	1,274,280			$	1,286,340
Expenses:
			Operating (including $28,870 and $28,048 to affiliates in 2002 and 2001, respectively), excluding depreciation and amortization shown below			125,066				102,436
			General and administrative (including $155,807 and $151,246 to affiliates in 2002 and 2001, respectively)			329,399				306,114
		Programming (including $27,173 and $25,036 to affiliates in 2002 and 2001, respectively)				373,315				353,372
		Depreciation and amortization				305,170				384,736
						1,132,950				1,146,658
Income from operations						141,330				139,682
Other income (expense):
			Interest expense			(108,135	)			(163,441	)
			Interest income and other, net			(2,552	)			(36,776	)
			Unrealized loss on interest rate swap agreements			—				(24,087	)
			Gain on disposal of assets			—				7,395
						(110,687	)			(216,909	)
Net income (loss)					$	30,643			$	(77,227	)
Allocation of net income (loss):
			General Partner		$	306			$	(772	)
			Limited Partners		$	30,337			$	(76,455	)
Net income (loss) per limited partnership unit:
			(19,087 units)		$	2			$	(4	)
Net income (loss) per $1,000 investment					$	4			$	(8	)

The accompanying notes are an integral part of these statements.

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NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP
STATEMENTS OF CASH FLOWS — (UNAUDITED)

				For the nine months ended September 30,
				2002				2001
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)				$	173,683			$	(255,809	)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
	Depreciation and amortization				907,882				1,149,370
	Amortization of loan costs				10,095				9,046
	Loss (gain) on sale of property				3,002				(7,395	)
	Unrealized (gain) loss on interest rate swap agreements				(49,964	)			89,610
	(Increase) decrease in operating assets:
		Accounts receivable			18,326				19,427
		Due from affiliates			(11,700	)			(2,808	)
		Prepaid expenses			15,554				(22,752	)
	Increase (decrease) in operating liabilities
	Accounts payable and accrued expenses				(118,226	)			2,050
		Due to Managing General Partner and affiliates			(8,891	)			9,387
		Converter deposits			339				(470	)
		Subscriber prepayments			(23,168	)			(19,627	)
Net cash provided by operating activities					916,932				970,029
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment, net					(340,619	)			(494,084	)
Proceeds from sale of property					—				8,000
Net cash used in investing activities					(340,619	)			(486,084	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on borrowings					(411,394	)			(647,988	)
Loan fees					(4,987	)			—
Net cash used in financing activities					(416,381	)			(647,988	)
INCREASE (DECREASE) IN CASH					159,932				(164,043	)
CASH, beginning of period					272,876				602,716
CASH, end of period				$	432,808			$	438,673
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
	Cash paid during the period for interest			$	320,817			$	516,608

The accompanying notes are an integral part of these statements.

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NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP

NOTES TO UNAUDITED FINANCIAL STATEMENTS

(1) Basis of Presentation

These unaudited financial statements are being filed in conformity with Rule 10-01 of Regulation S-X regarding interim financial statement disclosure and do not contain all of the necessary footnote disclosures required for a fair presentation of the balance sheets, statements of operations and statements of cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, this data includes all adjustments, consisting only of normal recurring accruals, necessary to present fairly the Partnership’s financial position at September 30, 2002, its statements of operations for the nine and three months ended September 30, 2002 and 2001, and its statements of cash flows for the nine months ended September 30, 2002 and 2001. Results of operations for these periods are not necessarily indicative of results to be expected for the full year. These financial statements and notes should be read in conjunction with the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2001.

(2)  Intangible Assets — Adoption of Statement of Financial Accounting Standards (SFAS) No. 142

     Effective January 1, 2002, the Partnership adopted SFAS No. 142, “Goodwill and Other Intangible Assets.” SFAS No. 142 requires that the Partnership cease amortization of goodwill and any other intangible assets determined to have indefinite lives, and establishes a new method of testing these assets for impairment on an annual basis or on an interim basis if an event occurs or circumstances change that would reduce the fair value of a reporting unit below its carrying value or if the fair value of intangible assets with indefinite lives falls below their carrying value on an annual basis. The amortization of existing goodwill ceased on December 31, 2001. The Partnership determined that its franchises met the definition of indefinite lived assets. Accordingly, amortization of these assets also ceased on December 31, 2001. The Partnership tested these intangibles for impairment upon adoption of the new standard and determined that the fair value of the assets exceeded their carrying value. The Partnership will continue to test these assets for impairment annually, or more frequently as warranted by events or changes in circumstances. The book value of the Partnership’s intangible assets is presented in the following table:

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As required by SFAS No. 142, the statement has not been retroactively applied to the results for the periods prior to adoption. A reconciliation of net loss for the nine and three months ended September 30, 2001, and the twelve months ended December 31, 2001, 2000 and 1999, as if amortization of goodwill and franchises had not been recorded is presented below:

		Nine Months Ended				Three Months Ended				Twelve Months Ended December 31,
		September 30, 2001				September 30, 2001				2001				2000				1999
NET LOSS:
Reported net (loss)		$	(255,809	)		$	(77,227	)		$	(319,969	)		$	(160,886	)		$	(403,306	)
Add back: amortization of indefinite-lived franchises			287,736				95,912				383,648				383,648				394,211
Add back: amortization of goodwill			2,970				990				3,960				3,960				3,960