|
|
Pro Forma Selected Segment Data*
(Dollars in Millions)
| |
Second Quarter
|
Six Months
Ended June 30,
|
| |
|
1998 |
|
1997 |
|
1998 |
|
1997 |
|
| DIRECT-TO-HOME BROADCAST |
|
|
|
|
|
|
|
|
| Total Revenues |
$ |
401.5
|
$ |
281.7
|
$ |
789.4
|
$ |
517.3
|
| Operating Loss |
$ |
(40.2)
|
$ |
(47.9)
|
$ |
(71.8)
|
$ |
(115.4)
|
| Depreciation and Amortization |
$ |
23.5
|
$ |
23.0
|
$ |
46.0
|
$ |
41.3
|
| Capital Expenditures |
$ |
34.4
|
$ |
18.8
|
$ |
48.1
|
$ |
30.2
|
|
| SATELLITE SERVICES |
|
|
|
|
|
|
|
|
| Total Revenues |
$ |
191.1
|
$ |
134.1
|
$ |
384.1
|
$ |
261.7
|
| Operating Profit |
$ |
74.4
|
$ |
62.9
|
$ |
160.1
|
$ |
131.2
|
| Operating Profit Margin |
|
38.9%
|
|
46.9%
|
|
41.7%
|
|
50.1%
|
| Depreciation and Amortization |
$ |
58.7
|
$ |
30.1
|
$ |
113.2
|
$ |
43.9
|
| Capital Expenditures (1) |
$ |
116.9
|
$ |
18.1
|
$ |
366.5
|
$ |
352.7
|
|
| SATELLITE MANUFACTURING |
|
|
|
|
|
|
|
|
| Total Revenues |
$ |
674.8
|
$ |
584.5
|
$ |
1,299.1
|
$ |
1,143.8
|
| Operating Profit |
$ |
60.0
|
$ |
53.8
|
$ |
115.1
|
$ |
106.6
|
| Operating Profit Margin |
|
8.9%
|
|
9.2%
|
|
8.9%
|
|
9.3%
|
| Depreciation and Amortization |
$ |
11.5
|
$ |
9.1
|
$ |
22.2
|
$ |
17.8
|
| Capital Expenditures |
$ |
21.6
|
$ |
24.5
|
$ |
32.3
|
$ |
40.1
|
|
| NETWORK SYSTEMS |
|
|
|
|
|
|
|
|
| Total Revenues |
$ |
221.7
|
$ |
210.9
|
$ |
406.4
|
$ |
393.4
|
| Operating Loss |
$ |
(25.2)
|
$ |
(1.0)
|
$ |
(37.1)
|
$ |
(16.3)
|
| Depreciation and Amortization |
$ |
9.9
|
$ |
8.9
|
$ |
18.4
|
$ |
16.1
|
| Capital Expenditures |
$ |
10.9
|
$ |
10.8
|
$ |
15.7
|
$ |
17.7
|
|
| ELIMINATIONS and OTHER |
|
|
|
|
|
|
|
|
| Total Revenues |
$ |
(120.1)
|
$ |
(59.8)
|
$ |
(219.0)
|
$ |
(140.8)
|
| Operating Profit (Loss) |
$ |
9.2
|
$ |
(10.5)
|
$ |
(4.5)
|
$ |
(15.7)
|
| Depreciation and Amortization |
$ |
(3.4)
|
$ |
(4.1)
|
$ |
(1.9)
|
$ |
(1.8)
|
| Capital Expenditures |
$ |
10.0
|
$ |
52.8
|
$ |
135.9
|
$ |
(221.7)
|
|
(*) The Financial Statements reflect the application of purchase accounting adjustments
related to GM's acquisition of Hughes. 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 $46.6 million, $15.0 million,
$192.2 and $347.1 million, respectively. Also included in 1998 is $59.0 million for
the second quarter and $155.6 million for the six months related to the early buy-out
of satellite sale-leasebacks.
|
