|
CONSOLIDATED STATEMENTS
OF OPERATIONS AND AVAILABLE SEPARATE CONSOLIDATED NET INCOME (LOSS)
|
|
(Dollars in Millions)
(Unaudited) |
|
|
|
|
|
|
|
|
Third Quarter
|
| Six Months
Ended September30,
|
| 2002 |
| 2001 |
| 2002 |
| 2001 |
|
Revenues
|
|
|
|
|
|
|
|
Direct broadcast, leasing and other
services |
$1,972.3 |
| $1,830.9 |
| $5,834.3 |
| $5,267.7 |
Product sales |
241.9 |
| 272.4 |
| 627.8 |
| 713.7 |
|
Total Revenues
|
2,214.2 |
| 2,103.3 |
| 6,462.1 |
| 5,981.4 |
|
Operating Costs and Expenses,
Exclusive of Depreciation and Amortization Expense Shown Below
|
|
|
|
|
|
|
|
Broadcast programming and other costs
|
957.2 |
| 830.1 |
| 2,939.3 |
| 2,355.4 |
Cost of products sold |
209.5 |
| 246.7 |
| 567.2 |
| 590.4 |
Selling, general and administrative
expenses |
804.0 |
| 950.0 |
| 2,454.8 |
| 2,763.9 |
Depreciation and amortization |
266.5 |
| 280.2 |
| 790.1 |
| 850.9 |
|
Total Operating Costs and Expenses
|
2,237.2 |
| 2,307.0 |
| 6,751.4 |
| 6,560.6 |
|
Operating Loss
|
(23.0) |
| (203.7) |
| (289.3) |
| (579.2) |
|
|
|
|
|
|
|
|
Interest income |
5.4 |
| 9.4 |
| 17.1 |
| 52.2 |
Interest expense |
(76.4) |
| (40.6) |
| (275.1) |
| (134.0) |
Other, net |
78.7 |
| (86.3) |
| 46.0 |
| (90.0) |
|
Loss
Before Income Taxes, Minority Interests, and Cumulative Effect of
Accounting Change
|
|
|
|
|
|
|
|
(15.3) |
| (321.2) |
| (501.3) |
| (751.0) |
|
|
|
|
|
|
|
|
Income tax benefit |
5.8 |
| 93.1 |
| 190.5 |
| 217.8 |
Minority interests in net (earnings)
losses of subsidiaries |
(4.1) |
| 0.9 |
| (14.3) |
| 51.6 |
|
|
|
|
|
|
|
|
|
Loss before cumulative effect of accounting
change |
(13.6) |
| (227.2) |
| (325.1) |
| (481.6) |
Cumulative effect of accounting change
|
- |
| - |
| - |
| (7.4) |
|
|
|
|
|
|
|
|
|
Net Loss
|
(13.6) |
| (227.2) |
| (325.1) |
| (489.0) |
|
|
|
|
|
|
|
|
Adjustment to exclude the effect of GM
purchase accounting |
- |
| 0.9 |
| - |
| 2.5 |
|
Loss Excluding the
Effect of GM Purchase Accounting |
(13.6)
|
| (226.3)
|
| (325.1)
|
|
(486.5) |
|
|
|
|
|
|
|
|
Preferred stock dividends
|
- |
| (24.1)
|
| (46.9)
|
|
(72.3) |
|
Loss Used for
Computation of Available
|
|
|
|
|
|
|
|
Separate
Consolidated Net Income (Loss)
|
$(13.6)
|
| $(250.4)
|
| $(372.0)
|
|
$(558.8) |
|
Available Separate
Consolidated Net Income (Loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average number of shares
of General Motors Class H Common Stock outstanding (in millions)
(Numerator) |
958.1 |
| 876.8 |
| 906.6 |
|
876.0 |
Average Class H dividend
base (in millions) (Denominator) |
1,381.7 |
| 1,300.5 |
| 1,330.2 |
|
1,299.7 |
Available Separate
Consolidated Net Income (Loss) |
$(9.4)
|
| $(168.8)
|
| $(253.5)
|
|
$(376.6) |
|
|