| |
|
Three Months |
|
| |
Ended March 31,
|
| |
|
2000 |
|
1999 |
|
| Revenues |
|
|
|
|
| Direct broadcast, leasing and other services |
|
$1,432.0 |
|
$755.8 |
| Product sales |
|
271.1 |
|
162.6 |
|
| Total Revenues
|
|
1,703.1 |
|
918.4 |
|
| Operating Costs and Expenses |
|
|
|
|
| Broadcast programming and other costs |
|
667.8 |
|
313.9 |
| Cost of products sold |
|
198.3 |
|
136.2 |
| Selling, general and administrative expenses |
|
694.8 |
|
377.8 |
| Depreciation and amortization |
|
204.7 |
|
110.9 |
|
| Total Operating Costs and Expenses
|
|
1,765.6 |
|
938.8 |
|
| Operating Loss |
|
(62.5) |
|
(20.4) |
| Interest income |
|
3.9 |
|
13.6 |
| Interest expense |
|
(44.9) |
|
(6.9) |
| Other, net |
|
(234.2) |
|
(17.3) |
|
| Loss From Continuing Operations Before Income Taxes |
|
|
|
|
| and Minority Interests
|
|
(337.7) |
|
(31.0) |
| Income tax benefit |
|
(221.8) |
|
(13.4) |
| Minority interests in net losses of subsidiaries |
|
7.6 |
|
6.5 |
|
| Loss from continuing operations |
|
(108.3) |
|
(11.1) |
| Income from discontinued operations, net of taxes |
|
26.4 |
|
84.1 |
|
| Net Income (Loss) |
|
(81.9) |
|
73.0 |
| Adjustments to exclude the effect of GM purchase |
|
|
|
|
| accounting adjustments
|
|
5.3 |
|
5.3 |
|
| Earnings (Loss) Excluding the Effect of GM Purchase |
|
|
|
|
| Accounting Adjustments
|
|
(76.6) |
|
78.3 |
| Preferred stock dividends |
|
(24.7) |
|
- |
|
| Earnings (Loss) Used for Computation of Available |
|
|
|
|
| Separate Consolidated Net Income (Loss)
|
|
$(101.3) |
|
$78.3 |
|
| Available Separate Consolidated Net Income (Loss) |
|
|
|
|
| Average number of shares of General Motors Class H |
|
|
|
|
| Common Stock outstanding (in millions) (Numerator) |
|
137.8 |
|
106.3 |
| Average Class H dividend base (in millions) (Denominator) |
|
431.5 |
|
400.2 |
| Available Separate Consolidated Net Income (Loss) |
|
$(32.4) |
|
$20.8 |
