| CONSOLIDATED STATEMENTS OF OPERATIONS AND AVAILABLE SEPARATE CONSOLIDATED NET INCOME (LOSS) |
| |
(Dollars in Millions)
(Unaudited) | | | | | | | |
| |
Third Quarter
| | Nine Months
Ended September 30,
|
| | 2001 | | 2000 | | 2001 | | 2000 |
|
| Revenues | | | | | | | |
| Direct broadcast, leasing and other services | $1,830.9 | | $1,485.5 | | $5,267.7 | | $4,523.3 |
| Product sales | 272.4 | | 203.0 | | 713.7 | | 705.3 |
|
| Total Revenues | 2,103.3 | | 1,688.5 | | 5,981.4 | | 5,228.6 |
|
| Operating Costs and Expenses | | | | | | | |
| Broadcast programming and other costs | 830.1 | | 681.4 | | 2,355.4 | | 2,035.9 |
| Cost of products sold | 246.7 | | 146.2 | | 590.4 | | 580.6 |
| Selling, general and administrative expenses | 950.0 | | 753.0 | | 2,763.9 | | 2,171.9 |
| Depreciation and amortization | 280.2 | | 238.3 | | 850.9 | | 673.1 |
|
| Total Operating Costs and Expenses | 2,307.0 | | 1,818.9 | | 6,560.6 | | 5,461.5 |
|
| Operating Loss | (203.7) | | (130.4) | | (579.2) | | (232.9) |
| | | | | | | | |
| Interest income | 9.4 | | 7.1 | | 52.2 | | 15.3 |
| Interest expense | (40.6) | | (66.5) | | (134.0) | | (169.2) |
| Other, net | (86.3) | | (11.9) | | (90.0) | | (294.4) |
|
| Loss From Continuing Operations Before Income Taxes, | | | | | | | |
Minority Interests, and Cumulative Effect of Accounting
Change | (321.2) | | (201.7) | | (751.0) | | (681.2) |
| | | | | | | | |
| Income tax benefit | 93.1 | | 77.8 | | 217.8 | | 354.4 |
| Minority interests in net losses of subsidiaries | 0.9 | | 19.6 | | 51.6 | | 31.7 |
|
| | | | | | | | |
| Loss from continuing operations before cumulative effect of accounting change | (227.2) | | (104.3) | | (481.6) | | (295.1) |
| | | | | | | | |
| Income from discontinued operations, net of taxes | - | | 10.5 | | - | | 50.3 |
|
| Loss before cumulative effect of accounting change | (227.2) | | (93.8) | | (481.6) | | (244.8) |
| Cumulative effect of accounting change, net of taxes | - | | - | | (7.4) | | - |
|
| Net Loss | (227.2) | | (93.8) | | (489.0) | | (244.8) |
| | | | | | | | |
| Adjustment to exclude the effect of GM purchase | | | | | | | |
| accounting | 0.9 | | 5.3 | | 2.5 | | 15.9 |
|
| Loss Excluding the Effect of GM | | | | | | | |
| Purchase Accounting Adjustment | (226.3) | | (88.5) | | (486.5) | | (228.9) |
| | | | | | | | |
| Preferred stock dividends | (24.1) | | (24.1) | | (72.3) | | (72.9) |
|
| Loss Used for Computation of Available | | | | | | | |
| Separate Consolidated Net Income (Loss) | $(250.4) | | $(112.6) | | $(558.8) | | $(301.8) |
|
| Available Separate Consolidated Net Income (Loss) | | | | | | | |
| Average number of shares of General Motors Class H | | | | | | | |
| Common Stock outstanding (in millions) (Numerator) | 876.8 | | 873.9 | | 876.0 | | 616.7 |
| Average Class H dividend base (in millions) (Denominator) | 1,300.5 | | 1,297.8 | | 1,299.7 | | 1,296.5 |
| Available Separate Consolidated Net Income (Loss) | $(168.8) | | $(75.8) | | $(376.6) | | $(143.6) |
|
