| |
|
Three Months
Ended March 31,
|
| |
|
1999 |
|
1998 |
|
| Revenues |
|
|
|
|
| Product sales |
|
$716.1 |
|
$692.1 |
| Direct broadcast, leasing and other services |
|
735.7 |
|
598.9 |
|
| Total Revenues |
|
1,451.8 |
|
1,291.0 |
|
| Operating Costs and Expenses |
|
|
|
|
| Cost of products sold |
|
669.2 |
|
542.3 |
| Broadcast programming and other costs |
|
291.6 |
|
264.8 |
| Selling, general and administrative expenses |
|
404.8 |
|
302.6 |
| Depreciation and amortization |
|
123.0 |
|
97.7 |
| Amortization of GM purchase accounting adjustments (1) |
|
5.3 |
|
5.3 |
|
| Total Operating Costs and Expenses |
|
1,493.9 |
|
1,212.7 |
|
| Operating (Loss) Profit |
|
(42.1) |
|
78.3 |
| |
|
|
|
|
| Interest income |
|
13.6 |
|
37.5 |
| Interest expense |
|
(6.9) |
|
(3.0) |
| Other, net |
|
137.7 |
|
(34.3) |
|
| Income from Continuing Operations Before Income Taxes, |
|
|
|
|
| Minority Interests and Cumulative Effect
of Accounting Change |
| 102.3 |
|
78.5 |
| |
|
|
|
|
| Income taxes |
|
35.8 |
|
31.4
|
| Minority interests in net losses of subsidiaries |
|
6.5 |
|
1.3 |
|
| Income from continuing operations before cumulative effect
|
|
|
|
|
| of accounting change |
|
73.0 |
|
48.4 |
| |
|
|
|
|
| Cumulative effect of accounting change, net of taxes |
|
- |
|
(9.2) |
|
| Net Income |
|
73.0 |
|
39.2 |
| |
|
|
|
|
| Adjustments to exclude the effect of GM purchase |
|
|
|
|
| accounting adjustments (1) |
|
5.3 |
|
5.3 |
|
| Earnings Used for Computation of Available |
|
|
|
|
| Separate Consolidated Net Income |
|
$78.3 |
|
$44.5 |
|
| Available Separate Consolidated Net Income |
|
$20.8 |
|
$11.5 |
|
| Earnings Attributable to General Motors Class H |
|
|
|
|
| Common Stock on a Per Share Basis |
| $0.20 |
|
$0.11 |
