|
|
STATEMENT OF OPERATIONS
AND AVAILABLE SEPARATE CONSOLIDATED NET INCOME (LOSS)
|
| (Dollars
in Millions) |
| (Unaudited) |
Three Months
Ended |
|
Year Ended |
| |
December 31, |
December 31, |
| |
| |
2000 |
|
1999 |
2000 |
|
1999 |
| Revenues |
| Direct
broadcast, leasing and other services |
$1,738.9 |
|
$1,403.8 |
$6,262.2 |
|
$4,550.8 |
| Product
sales |
320.1 |
|
294.2 |
1,025.4 |
|
1,009.5 |
|
| Total Revenues |
2,059.0 |
|
1,698.0 |
7,287.6 |
|
5,560.3 |
|
| Operating
Costs and Expenses |
| Broadcast
programming and other costs |
776.9 |
|
664.6 |
2,812.8 |
|
2,039.0 |
| Cost
of products sold |
251.1 |
|
349.8 |
815.1 |
|
961.6 |
| Selling,
general and administrative expenses |
877.2 |
|
856.6 |
3,065.7 |
|
2,295.3 |
| Depreciation
and amortization |
275.0 |
|
198.8 |
948.1 |
|
678.9 |
|
| Total Operating Costs and Expenses |
2,180.2 |
|
2,069.8 |
7,641.7 |
|
5,974.8 |
|
| |
| Operating Loss |
(121.2) |
|
(371.8) |
(354.1) |
|
(414.5) |
| |
| Interest
income |
34.0 |
|
6.2 |
49.3 |
|
27.0 |
| Interest
expense |
(49.0) |
|
(51.7) |
(218.2) |
|
(122.7) |
| Other,
net |
1.8 |
|
(53.5) |
(292.6) |
|
(149.8) |
|
| Loss
From Continuing Operations Before Income Taxes |
| and Minority Interests |
(134.4) |
|
(470.8) |
(815.6) |
|
(660.0) |
| |
| Income
tax benefit |
(51.7) |
|
(177.2) |
(406.1) |
|
(236.9) |
| Minority
interests in net losses of subsidiaries |
22.4 |
|
9.9 |
54.1 |
|
32.0 |
|
| |
| Loss
from continuing operations |
(60.3) |
|
(283.7) |
(355.4) |
|
(391.1) |
| |
| Income
(Loss) from discontinued operations, net of taxes |
(14.2) |
|
51.9 |
36.1 |
|
99.8 |
| Gain
on sale of discontinued operations, net of taxes |
1,132.3 |
|
- |
1,132.3 |
|
- |
|
| Net Income (Loss) |
1,057.8 |
|
(231.8) |
813.0 |
|
(291.3) |
| Adjustments
to exclude the effect of GM purchase |
| accounting adjustments |
1.0 |
|
5.1 |
16.9 |
|
21.0 |
|
| Earnings
(Loss) Excluding the Effect of GM |
| Purchase Accounting Adjustments |
1,058.8 |
|
(226.7) |
829.9 |
|
(270.3) |
| |
| Preferred
stock dividends |
(24.1) |
|
(24.6) |
(97.0) |
|
(50.9) |
|
| Earnings
(Loss) Used for Computation of Available |
| Separate Consolidated Net Income (Loss) |
$1,034.7 |
|
$(251.3) |
$732.9 |
|
$(321.2) |
|
| |
| Available
Separate Consolidated Net Income (Loss) |
| Average
number of shares of General Motors Class H |
| Common Stock outstanding (in millions)
(Numerator) |
874.9 |
|
408.9 |
681.2 |
|
374.1 |
| Average
Class H dividend base (in millions) (Denominator) |
1,298.7 |
|
1,290.3 |
1,297.0 |
|
1,255.5 |
| Available
Separate Consolidated Net Income (Loss) |
$697.1 |
|
$(79.6) |
$384.9 |
|
$(95.7) |
|
| Certain
1999 amounts have been reclassified to conform with the 2000 presentation. |
|
