| |
Three Months
Ended March 31,
|
| |
1998
|
1997
|
| |
|
|
| Revenues |
|
|
| Product sales |
$692.1
|
$683.2
|
| Direct broadcast, leasing and other services |
598.9
|
340.8
|
|
| Total Revenues |
1,291.0
|
1,024.0
|
|
| Operating Costs and Expenses |
|
|
| Cost of products sold |
542.3
|
468.9
|
| Broadcast programming and other costs |
264.8
|
249.7
|
| Selling, general and administrative expenses |
302.6
|
222.0
|
| Depreciation and amortization |
97.7
|
50.3
|
| Amortization of GM purchase accounting adjustments (1) |
5.3
|
5.3
|
|
| Total Operating Costs and Expenses |
1212.7
|
996.2
|
|
| Operating Profit |
78.3
|
27.8
|
| |
|
|
| Interest income |
37.5
|
2.0
|
| Interest expense |
(3.0)
|
(15.1)
|
| Other, net |
(34.3)
|
(9.1)
|
|
| Income from Continuing Operations Before
Income Taxes and Minority Interests |
78.5
|
5.6
|
|
|
|
|
| Income taxes |
31.4
|
2.2
|
| Minority interests in net losses of subsidiaries |
1.3
|
14.2
|
|
| Income from continuing operations |
48.4
|
17.6
|
| |
|
|
| Income from discontinued operations, net of taxes |
-
|
1.0
|
| |
|
|
| Net Income |
48.4
|
18.6
|
| |
|
|
|
|
|
|
| Adjustments to exclude the effect of GM purchase
accounting adjustments (1) |
5.3
|
5.3
|
|
| Net Earnings Used for Computation of Available
Separate Consolidated Net Income (2) |
$53.7
|
$23.9
|
|
| Available Separate Consolidated Net Income (2) |
$14.0
|
$6.0
|
|
| Net Earnings Attributable to General Motors |
|
|
|
| Class H Common Stock on a Per Share Basis (2) |
$0.13
|
$0.06
|
