|
|
|
CONSOLIDATED STATEMENTS OF OPERATIONS AND
AVAILABLE SEPARATE CONSOLIDATED NET INCOME (LOSS)
|
|
|
(Dollars in Millions)
(Unaudited) |
|
|
|
|
|
|
|
| |
Second Quarter
|
|
Six Months
Ended June 30,
|
| |
2002 |
|
2001 |
|
2002 |
|
2001 |
|
|
Revenues
|
|
|
|
|
|
|
|
|
Direct broadcast, leasing and other services
|
$2,004.0
|
|
$1,738.6
|
|
$3,862.0
|
|
$3,436.8
|
|
Product sales
|
205.7
|
|
246.5
|
|
385.9
|
|
441.3
|
|
|
Total Revenues
|
2,209.7
|
|
1,985.1
|
|
4,247.9
|
|
3,878.1
|
|
|
Operating Costs and Expenses, Exclusive of Depreciation and Amortization Expense Shown Below
|
|
|
|
|
|
|
|
|
Broadcast programming and other costs
|
1,078.9
|
|
786.6
|
|
1,982.1
|
|
1,525.3
|
|
Cost of products sold
|
184.7
|
|
189.2
|
|
357.7
|
|
343.7
|
|
Selling, general and administrative expenses
|
823.0
|
|
927.3
|
|
1,650.8
|
|
1,813.9
|
|
Depreciation and amortization
|
261.6
|
|
305.0
|
|
523.6
|
|
570.7
|
|
|
Total Operating Costs and Expenses
|
2,348.2
|
|
2,208.1
|
|
4,514.2
|
|
4,253.6
|
|
|
Operating Loss
|
(138.5)
|
|
(223.0)
|
|
(266.3)
|
|
(375.5)
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
7.4
|
|
19.0
|
|
11.7
|
|
42.8
|
|
Interest expense
|
(122.3)
|
|
(42.8)
|
|
(198.7)
|
|
(93.4)
|
|
Other, net
|
8.9
|
|
(10.9)
|
|
(32.7)
|
|
(3.7)
|
|
|
Loss From Continuing Operations Before Income Taxes,
|
|
|
|
|
|
|
|
Minority Interests, and Cumulative Effect of Accounting
Change
|
(244.5)
|
|
(257.7)
|
|
(486.0)
|
|
(429.8)
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit
|
92.9
|
|
74.8
|
|
184.7
|
|
124.7
|
|
Minority interests in net (earnings) losses of subsidiaries
|
(3.5)
|
|
26.4
|
|
(10.2)
|
|
50.7
|
|
|
|
|
|
|
|
|
|
|
|
Loss before cumulative effect of accounting change
|
(155.1)
|
|
(156.5)
|
|
(311.5)
|
|
(254.4)
|
|
Cumulative effect of accounting change
|
-
|
|
-
|
|
-
|
|
(7.4)
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
(155.1)
|
|
(156.5)
|
|
(311.5)
|
|
(261.8)
|
|
|
|
|
|
|
|
|
|
|
Adjustment to exclude the effect of GM purchase
|
|
|
|
|
|
|
|
|
accounting
|
-
|
|
0.8
|
|
-
|
|
1.6
|
|
|
Loss Excluding the Effect of GM
|
|
|
|
|
|
|
|
|
Purchase Accounting
|
(155.1)
|
|
(155.7)
|
|
(311.5)
|
|
(260.2)
|
|
|
|
|
|
|
|
|
|
|
Preferred stock dividends
|
(22.8)
|
|
(24.1)
|
|
(46.9)
|
|
(48.2)
|
|
|
Loss Used for Computation of Available
|
|
|
|
|
|
|
|
|
Separate Consolidated Net Income (Loss)
|
$(177.9)
|
|
$(179.8)
|
|
$(358.4)
|
|
$(308.4)
|
|
|
Available Separate Consolidated Net Income (Loss)
|
|
|
|
|
|
|
|
|
Average number of shares of General Motors Class H
|
|
|
|
|
|
|
|
|
Common Stock outstanding (in millions) (Numerator)
|
884.0
|
|
875.9
|
|
880.8
|
|
875.7
|
|
Average Class H dividend base (in millions) (Denominator)
|
1,307.6
|
|
1,299.6
|
|
1,304.4
|
|
1,299.4
|
|
Available Separate Consolidated Net Income (Loss)
|
$(120.3)
|
|
$(121.2)
|
|
$(242.0)
|
|
$(207.8)
|
|
|
