| (Dollars in Millions) |
| (Unaudited) | | | Three Months |
| | | Ended March 31, |
| | |
|
| | | 2001 | | 2000 |
|
| Revenues | | | | | | | | | | |
| Direct broadcast, leasing and other services | | | $1,698.2 | | $1,472.4 | |
| Product sales | | | | | | | | 194.8 | | 230.7 |
|
| Total Revenues | | | | | | | | | 1,893.0 | | 1,703.1 |
|
| Operating Costs and Expenses | | | | | |
| Broadcast programming and other costs | | | 738.7 | | 667.8 |
| Cost of products sold | | | 154.5 | | 188.5 |
| Selling, general and administrative expenses | | | 886.6 | | 694.1 |
| Depreciation and amortization | | | | | | 265.7 | | 210.2 |
|
| Total Operating Costs and Expenses | | | | | | | | | 2,045.5 | | 1,760.6 |
|
| | | | | |
| Operating Loss | | | (152.5) | | (57.5) | |
| | | | | |
| Interest income | | | 23.8 | | 3.9 |
| Interest expense | | | (50.6) | | (44.9) |
| Other, net | | | | | | | | 7.2 | | (239.2) |
|
| Loss From Continuing Operations Before Income Taxes, Minority Interests and Cumulative Effect of Accounting Change | | (172.1) | | (337.7) |
| | | | | | |
| Income tax benefit | | | 49.9 | | 221.8 |
| Minority interests in net losses of subsidiaries | | | | | 24.3 | | 7.6 |
|
| | | | | |
| Loss from continuing operations before cumulative effect of accounting change | | (97.9) | | (108.3) |
| Income from discontinued operations, net of taxes | | | | - | | 26.4 |
|
| | | |
| Loss before cumulative effect of accounting change | | | (97.9) | | (81.9) |
| Cumulative effect of accounting change, net of taxes | | | | (7.4) | | - |
|
| | | |
| Net Loss | | | (105.3) | | (81.9) |
| | | | |
| Adjustment to exclude the effect of GM purchase accounting | | | 0.8 | | 5.3 |
|
| | | | | | | | | |
| Loss Excluding the Effect of GM Purchase Accounting Adjustment | | (104.5) | | (76.6) |
| | | | | | | |
| Preferred stock dividends | | | | | | (24.1) | | (24.7) |
|
| | | | | |
| Loss Used for Computation of Available Separate Consolidated Net Loss | | $(128.6) | | $(101.3) |
|
| | | | | |
| Available Separate Consolidated Net Loss | | | |
| Average number of shares of General Motors Class H Common Stock outstanding (in millions) (Numerator) | | 875.4 | | 413.4 |
| Average Class H dividend base (in millions) (Denominator) | | | 1,299.1 | | 1,294.5 |
| Available Separate Consolidated Net Loss | | | | | $(86.7) | | $(32.4) |
|
Certain 2000 amounts have been reclassified to conform to the 2001 presentation.
