|
|
STATEMENTS OF OPERATIONS AND AVAILABLE SEPARATE CONSOLIDATED NET LOSS
|
(Dollars in Millions)
|
|
|
|
|
|
(Unaudited)
|
|
|
|
|
Nine Months |
| |
Third |
Quarter |
|
Ended |
September 30, |
| |
2000 |
1999 |
|
2000 |
1999 |
|
Revenues
|
|
|
|
|
|
| Direct broadcast,
leasing and other services |
$1,485.5 |
$1,345.0 |
|
$4,523.3 |
$3,147.0 |
| Product sales |
203.0 |
282.8 |
|
705.3 |
715.3 |
|
| Total Revenues |
1,688.5
|
1,627.8
|
|
5,228.6
|
3,862.3
|
|
Operating Costs and Expenses
|
|
|
|
|
|
| Broadcast programming and other costs |
681.4 |
596.4 |
|
2,035.9 |
1,374.4 |
| Cost of products sold |
152.1 |
273.2 |
|
585.1 |
631.4 |
| Selling, general and administrative expenses |
747.1 |
556.1 |
|
2,167.4 |
1,419.1 |
| Depreciation and amortization |
238.3 |
208.8 |
|
673.1 |
480.1 |
|
| Total Operating Costs and Expenses |
1,818.9
|
1,634.5
|
|
5,461.5
|
3,905.0
|
|
| |
|
|
|
|
|
Operating Loss
|
(130.4)
|
(6.7)
|
|
(232.9)
|
(42.7)
|
| |
|
|
|
|
|
| Interest income |
7.1 |
2.6 |
|
15.3 |
20.8 |
| Interest expense |
(66.5) |
(51.7) |
|
(169.2) |
(71.0) |
| Other, net |
(11.9) |
(31.6) |
|
(294.4) |
(96.3) |
|
Loss From Continuing Operations Before Income Taxes and Minority Interests
|
(201.7) |
(87.4) |
|
(681.2) |
(189.2) |
|
|
|
|
|
|
| Income tax benefit |
(77.8) |
(36.8) |
|
(354.4) |
(59.7) |
| Minority interests in net losses of subsidiaries |
19.6 |
8.8 |
|
31.7 |
22.1 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
| Loss from continuing operations |
(104.3) |
(41.8) |
|
(295.1) |
(107.4) |
| |
|
|
|
|
|
| Income from discontinued operations, net of taxes |
10.5 |
6.9 |
|
50.3 |
47.9 |
|
| |
|
|
|
|
|
Net Loss
|
(93.8)
|
(34.9)
|
|
(244.8)
|
(59.5)
|
|
|
|
|
|
|
| Adjustments to exclude the effect of GM purchase |
|
|
|
|
|
| accounting adjustments |
5.3 |
5.3 |
|
15.9 |
15.9 |
| |
|
|
|
|
|
|
Loss Excluding the Effect of GM
|
|
|
|
|
|
Purchase Accounting
Adjustments |
(88.5)
|
(29.6)
|
|
(228.9)
|
(43.6)
|
| |
|
|
|
|
|
| Preferred stock dividends |
(24.1) |
(24.7) |
|
(72.9) |
(26.3) |
|
| |
|
|
|
|
|
Loss Used for Computation of Available
|
|
|
|
|
|
Separate Consolidated Net Income (Loss)
|
$(112.6)
|
$(54.3)
|
|
$(301.8)
|
$(69.9)
|
|
|
|
|
|
|
|
Available Separate Consolidated Net Income (Loss)
|
|
|
|
|
|
| Average number of shares of General Motors Class H |
|
|
|
|
|
Common Stock outstanding
(in millions) (Numerator) |
873.9 |
405.3 |
|
616.7 |
362.4 |
| Average Class H dividend base (in millions) (Denominator) |
1,297.8 |
1,286.7 |
|
1,296.5 |
1,244.1 |
| Available Separate Consolidated Net Income (Loss) |
$(75.8)
|
$(17.1)
|
|
$(143.6)
|
$(20.4)
|
|
Certain 1999 amounts have been reclassified to conform with the 2000 presentation.
|
