STATEMENTS OF OPERATIONS
AND AVAILABLE SEPARATE CONSOLIDATED NET LOSS |
| |
(Dollars in Millions)
(Unaudited) | | | | | | | |
| |
Second Quarter
| | Six Months
Ended June 30,
|
| | 2000 | | 1999 | | 2000 | | 1999 |
|
| Revenues | | | | | | | |
| Direct broadcast, leasing and other services | $1,565.4 | | $1,060.9 | | $3,037.8 | | $1,802.0 |
| Product sales | 271.6 | | 255.2 | | 502.3 | | 432.5 |
|
| Total Revenues | 1,837.0 | | 1,316.1 | | 3,540.1 | | 2,234.5 |
|
| Operating Costs and Expenses | | | | | | | |
| Broadcast programming and other costs | 686.7 | | 478.3 | | 1,354.5 | | 778.0 |
| Cost of products sold | 234.7 | | 207.8 | | 433.0 | | 358.2 |
| Selling, general and administrative expenses | 736.0 | | 505.7 | | 1,420.3 | | 863.0 |
| Depreciation and amortization | 224.6 | | 153.2 | | 434.8 | | 271.3 |
|
| Total Operating Costs and Expenses | 1,882.0 | | 1,345.0 | | 3,642.6 | | 2,270.5 |
|
| Operating Loss | (45.0) | | (28.9) | | (102.5) | | (36.0) |
| | | | | | | | |
| Interest income | 4.3 | | 4.6 | | 8.2 | | 18.2 |
| Interest expense | (57.8) | | (12.4) | | (102.7) | | (19.3) |
| Other, net | (43.3) | | (34.1) | | (282.5) | | (64.7) |
|
| Loss From Continuing Operations Before Income Taxes | | | | | | | |
| and Minority Interests | (141.8) | | (70.8) | | (479.5) | | (101.8) |
| | | | | | | | |
| Income tax benefit | (54.8) | | (9.5) | | (276.6) | | (22.9) |
| Minority interests in net losses of subsidiaries | 4.5 | | 6.8 | | 12.1 | | 13.3 |
|
| | | | | | | | |
| Loss from continuing operations | (82.5) | | (54.5) | | (190.8) | | (65.6) |
| | | | | | | | |
| Income (loss) from discontinued operations, net of taxes | 13.4 | | (43.1) | | 39.8 | | 41.0 |
|
| Net Loss | (69.1) | | (97.6) | | (151.0) | | (24.6) |
| | | | | | | | |
| Adjustments to exclude the effect of GM purchase | | | | | | | |
| > accounting adjustments | 5.3 | | 5.3 | | 10.6 | | 10.6 |
|
| Loss Excluding the Effect of GM | | | | | | | |
| Purchase Accounting Adjustments | (63.8) | | (92.3) | | (140.4) | | (14.0) |
| | | | | | | | |
| Preferred stock dividends | (24.1) | | (1.6) | | (48.8) | | (1.6) |
|
| Loss Used for Computation of Available | | | | | | | |
| Separate Consolidated Net Loss | $(87.9) | | $(93.9) | | $(189.2) | | $(15.6) |
|
| Available Separate Consolidated Net Loss | | | | | | | |
| Average number of shares of General Motors Class H | | | | | | | |
| > Common Stock outstanding (in millions) (Numerator) | 562.7 | | 363.0 | | 488.0 | | 340.8 |
| Average Class H dividend base (in millions) (Denominator) | 1,297.0 | | 1,244.7 | | 1,295.8 | | 1,222.5 |
| Available Separate Consolidated Net Loss | $(38.1) | | $(27.4) | | $(71.3) | | $(4.3) |
|
