|
|
Pro Forma Selected Segment Data*
(Dollars in Millions)
| |
|
Three Months
Ended March 31,
|
| |
|
1998
|
|
|
1997
|
| DIRECT-TO-HOME BROADCAST |
|
|
|
|
|
| Total Revenues |
$ |
387.9
|
|
$
|
235.6
|
| Operating Loss |
$ |
(31.6)
|
|
$
|
(67.5)
|
| Depreciation and Amortization |
$ |
22.5
|
|
$
|
18.3
|
| Capital Expenditures |
$ |
13.7
|
|
$
|
11.4
|
|
| SATELLITE SERVICES |
|
|
|
|
|
| Total Revenues |
$ |
193.0
|
|
$
|
127.6
|
| Operating Profit |
$ |
85.7
|
|
$
|
68.3
|
| Operating Profit Margin |
|
44.4%
|
|
|
53.6%
|
| Depreciation and Amortization |
$ |
54.5
|
|
$
|
13.8
|
| Capital Expenditures (1) |
$ |
249.6
|
|
$
|
334.6
|
|
| SATELLITE MANUFACTURING |
|
|
|
|
|
| Total Revenues |
$ |
624.3
|
|
$
|
559.3
|
| Operating Profit |
$ |
55.1
|
|
$
|
52.8
|
| Operating Profit Margin |
|
8.8%
|
|
|
9.4%
|
| Depreciation and Amortization |
$ |
10.7
|
|
$
|
8.7
|
| Capital Expenditures |
$ |
10.7
|
|
$
|
15.6
|
|
| NETWORK SYSTEMS |
|
|
|
|
|
| Total Revenues |
$ |
184.7
|
|
$
|
182.5
|
| Operating Loss |
$ |
(11.9)
|
|
$
|
(15.3)
|
| Depreciation and Amortization |
$ |
8.5
|
|
$
|
7.2
|
| Capital Expenditures |
$ |
4.8
|
|
$
|
6.9
|
|
| ELIMINATIONS and OTHER |
|
|
|
|
|
| Total Revenues |
$ |
(98.9)
|
|
$
|
(81.0)
|
| Operating Loss |
$ |
(13.7)
|
|
$
|
(5.2)
|
| Depreciation and Amortization |
$ |
1.5
|
|
$
|
2.3
|
| Capital Expenditures |
$ |
125.9
|
|
$
|
(274.5)
|
(*) The Financial Statements reflect the application of purchase accounting adjustments
related to GM's acquisition of Hughes Aircraft Company. However, as provided in the
General Motors' Restated Certificate of Incorporation, the earnings attributable
to GM Class H common stock for purposes of determining the amount available for the
payment of dividends on GM Class H common stock specifically excludes such adjustments.
In order to provide additional analytical data, the above unaudited pro forma selected
segment data, which exclude the purchase accounting adjustments related to GM's acquisition
of Hughes Aircraft Company, are presented.
(1) Includes expenditures related to satellites amounting to $145.6 million in 1998 and
$332.1 million in 1997. Also included in 1998 is $96.6 million related to the early
buy-out of a satellite sale-leaseback.
|
