|
|
Pro Forma Selected Segment Data*
(Dollars in Millions)
| |
|
|
Third Quarter
|
|
|
Nine Months
Ended September 30,
|
| |
|
|
1998
|
|
|
1997
|
|
|
1998
|
|
|
1997
|
|
| DIRECT-TO-HOME BROADCAST |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$
|
459.1
|
|
$
|
343.7
|
|
$
|
1,248.5
|
|
$
|
861.0
|
| Operating Loss |
|
$
|
(61.8)
|
|
$
|
(43.3)
|
|
$
|
(133.6)
|
|
$
|
(158.7)
|
| Depreciation and Amortization |
|
$
|
31.2
|
|
$
|
21.2
|
|
$
|
77.2
|
|
$
|
62.5
|
| Capital Expenditures (1) |
|
$
|
82.0
|
|
$
|
24.0
|
|
$
|
130.1
|
|
$
|
54.2
|
|
| SATELLITE SERVICES |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$
|
186.5
|
|
$
|
170.3
|
|
$
|
570.6
|
|
$
|
432.0
|
| Operating Profit |
|
$
|
79.1
|
|
$
|
71.7
|
|
$
|
239.2
|
|
$
|
202.9
|
| Operating Profit Margin |
|
|
42.4%
|
|
|
42.1%
|
|
|
41.9%
|
|
|
47.0%
|
| Depreciation and Amortization |
|
$
|
56.6
|
|
$
|
48.0
|
|
$
|
169.8
|
|
$
|
91.9
|
| Capital Expenditures (2) |
|
$
|
190.7
|
|
$
|
191.0
|
|
$
|
605.0
|
|
$
|
543.7
|
|
| SATELLITE SYSTEMS |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$
|
688.9
|
|
$
|
604.3
|
|
$
|
1988.0
|
|
$
|
1,748.1
|
| Operating Profit |
|
$
|
63.8
|
|
$
|
53.1
|
|
$
|
178.9
|
|
$
|
159.7
|
| Operating Profit Margin |
|
|
9.3%
|
|
|
8.8%
|
|
|
9.0%
|
|
|
9.1%
|
| Depreciation and Amortization |
|
$
|
12.9
|
|
$
|
9.9
|
|
$
|
35.1
|
|
$
|
27.7
|
| Capital Expenditures |
|
$
|
18.2
|
|
$
|
28.1
|
|
$
|
50.5
|
|
$
|
68.2
|
|
| NETWORK SYSTEMS |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$
|
267.7
|
|
$
|
216.0
|
|
$
|
674.1
|
|
$
|
609.4
|
| Operating Profit (Loss) |
|
$
|
16.9
|
|
$
|
22.4
|
|
$
|
(20.2)
|
|
$
|
6.1
|
| Operating Profit Margin |
|
|
6.3%
|
|
|
10.4%
|
|
|
-
|
|
|
1.0%
|
| Depreciation and Amortization |
|
$
|
11.4
|
|
$
|
5.6
|
|
$
|
29.8
|
|
$
|
21.7
|
| Capital Expenditures |
|
$
|
10.7
|
|
$
|
15.3
|
|
$
|
26.4
|
|
$
|
33.0
|
|
| ELIMINATIONS and OTHER |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$
|
(88.9)
|
|
$
|
(76.0)
|
|
$
|
(307.9)
|
|
$
|
(216.8)
|
| Operating Profit (Loss) |
|
$
|
(30.5)
|
|
$
|
20.3
|
|
$
|
(35.0)
|
|
$
|
4.6
|
| Depreciation and Amortization |
|
$
|
(0.8)
|
|
$
|
(6.7)
|
|
$
|
(2.7)
|
|
$
|
(8.5)
|
| Capital Expenditures |
|
$
|
(21.4)
|
|
$
|
74.1
|
|
$
|
114.5
|
|
$
|
(147.6)
|
* 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, are presented.
(1) Includes expenditures related to satellites amounting to $38.0 million in the third quarter and nine-month periods of 1998.
(2) Includes expenditures related to satellites amounting to $182.2 million, $180.2 million, $422.2 million and $527.3 million, respectively. Also included in the 1998 nine-month period is $155.5 million related to the early buy-out of satellite sale-leasebacks.
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