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Previous: AT&T CORP, 10-Q, EX-99.2, 2000-08-14 |
Next: AMERICAN TELEVISION & COMMUNICATIONS CORP, 10-Q, EX-27, 2000-08-14 |
<TABLE> Exhibit 99.3
<CAPTION>
AT&T WIRELESS GROUP
COMBINED STATEMENTS OF OPERATIONS
(Dollars in Millions)
(Unaudited)
For the Three Months Ended
March 31, March 31,
2000 1999
<S> <C> <C>
REVENUE
Services revenue $1,992 $ 1,372
Equipment revenue 206 191
Total revenue 2,198 1,563
OPERATING EXPENSES
Costs of services and products 1,052 810
Selling, general and administrative 750 564
Depreciation and amortization 369 276
Total operating expenses 2,171 1,650
OPERATING INCOME(LOSS) 27 (87)
Other income 81 44
Interest expense 51 32
Income (loss) before income taxes 57 (75)
Provisions (benefit) for income taxes 30 (26)
Net income (loss) 27 (49)
Dividend requirements on preferred
stock held by AT&T, net 14 14
Net income (loss) after preferred stock
dividends $ 13 $ (63)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
AT&T WIRELESS GROUP
COMBINED BALANCE SHEETS
(Dollars in Millions)
March 31, December 31,
2000 1999
(unaudited)
<S> <C> <C>
ASSETS
Cash and cash equivalents $ 10 $ 5
Accounts receivable, less allowances
of $141 and $130 1,330 1,300
Inventories 146 162
Deferred income taxes 141 127
Prepaid expenses and other current assets 46 34
Total Current Assets 1,673 1,628
Property, plant and equipment, net of
accumulated depreciation of $4,316
and $4,033 6,896 6,349
Licensing costs, net of accumulated
amortization of $1,583 and $ 1,519 8,598 8,571
Investments 5,233 4,502
Goodwill and other assets, net of accumulated
Amortization of $407 and $335 2,490 2,462
TOTAL ASSETS $24,890 $23,512
LIABILITIES
Accounts payable $ 850 $ 921
Payroll and benefit-related liabilities 212 291
Debt maturing within one year 154 154
Other current liabilities 986 931
Total Current Liabilities 2,202 2,297
Long-term debt due to AT&T 3,700 3,400
Deferred income taxes 3,812 3,750
Other long-term liabilities 134 48
TOTAL LIABILITIES 9,848 9,495
MINORITY INTEREST 15 20
EQUITY
Preferred stock held by AT&T 1,000 1,000
Combined Equity 13,975 12,971
Accumulated other comprehensive income 52 26
TOTAL EQUITY 15,027 13,997
TOTAL LIABILITIES AND EQUITY $24,890 $23,512
</TABLE>
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