Metrocall, Inc and Subsidiaries
Consolidated Statements of Operations
Unaudited
(Dollars in thousands, except pager, share and per share amounts)
Three Months Ended Twelve Months Ended
December 31, December 31,
1999 1998 1999 1998
Revenues
Service, rent and
Maintenance
revenues $132,696 $137,407 $548,700 $416,352
Product sales 15,078 14,843 61,487 48,372
147,774 152,250 610,187 464,724
Net book value of
products sold (10,582) (10,850) (39,071) (31,791)
137,192 141,400 571,116 432,933
Operating Expenses
Service, rent and
maintenance 23,794 42,122 142,961 115,432
Selling and marketing 24,152 23,416 97,051 73,546
General and
administrative 47,761 35,772 174,592 121,644
Depreciation 25,369 24,606 96,984 75,111
Amortization 52,324 52,340 210,359 159,837
173,400 178,256 721,947 545,570
Loss from
operations (36,208) (36,856) (150,831) (112,637)
Interest expense (21,622) (17,412) (85,115) (64,448)
Interest and other
income (expense) 98 223 407 849
Loss before income
tax benefit (57,732) (54,045) (235,539) (176,236)
Income tax benefit 15,800 15,233 63,055 47,094
Net loss (41,932) (38,812) (172,484) (129,142)
Preferred dividends (4,260) (4,497) (16,462) (11,767)
Gain on repurchase of
preferred stock - - 2,208 -
Loss attributable
to common
stockholders $(46,192) $(43,309) $(186,738) $(140,909)
Loss per share
attributable to
common stockholders $(1.10) $(1.04) $(4.47) $(3.43)
Weighted-average
common shares
outstanding 41,889,019 41,516,345 41,773,789 41,029,601
Other Data:
Net Revenues $137,192 $141,400 $571,116 $432,933
EBITDA $41,485 $40,090 $156,512 $122,311
EBITDA margin on
net revenues 30.2% 28.4% 27.4% 28.3%
Pagers in service
(end of period) 5,927,939 5,659,550 5,927,939 5,659,550
ARPU $7.49 $8.12 $7.86 $7.57 |
