Here are the numbers (not bad at all):
Three Months Ended Nine Months Ended
September 30, September 30,
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2001 2000 2001 2000
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Revenues:
Communications services.......................................... $ 354.7 $ 278.2 $ 1,057.6 $ 721.6
Local exchange services.......................................... 21.2 21.6 64.1 63.8
Directory........................................................ 69.8 60.7 221.0 185.3
Other............................................................ 4.8 6.1 14.4 16.0
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TOTAL REVENUES.................................................. 450.5 366.6 1,357.1 986.7
Operating expenses:
Cost of service.................................................. 271.4 204.2 791.5 548.6
Selling, general and administrative.............................. 187.4 147.3 517.4 403.9
Depreciation and amortization.................................... 167.2 113.6 471.4 276.8
Restructuring, asset impairment and other charges................ 2,907.2 --- 2,935.4 ---
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TOTAL OPERATING EXPENSES........................................ 3,533.2 465.1 4,715.7 1,229.3
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OPERATING LOSS.................................................. (3,082.7) (98.5) (3,358.6) (242.6)
Nonoperating income (expense):
Interest income.................................................. 0.8 12.2 9.7 43.1
Interest expense, net of amounts capitalized..................... (66.2) (40.7) (180.8) (113.6)
Other income (expense)........................................... 39.7 (0.7) 116.5 1.2
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TOTAL NONOPERATING INCOME (EXPENSE)............................. (25.7) (29.2) (54.6) (69.3)
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LOSS BEFORE EXTRAORDINARY CHARGE................................ (3,108.4) (127.7) (3,413.2) (311.9)
Extraordinary charge on early retirement of debt.................. --- (24.5) --- (24.5)
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NET LOSS........................................................ (3,108.4) (152.2) (3,413.2) (336.4)
Gain on exchange of preferred stock............................... 851.2 ---- 851.2 ----
Preferred stock dividend.......................................... (4.8) (13.6) (32.0) (40.8)
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NET LOSS APPLICABLE TO COMMON SHARES............................ $(2,262.0) $(165.8) $(2,594.0) $ (377.2)
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Loss per common share:
Loss before extraordinary charge........................... $ (3.62) $ (0.24) $ (4.20) $ (0.65)
Extraordinary charge....................................... --- (0.04) --- (0.04)
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Loss per common share...................................... $ (3.62) $ (0.28) $ (4.20) $ (0.69)
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Weighted average common shares outstanding........................ 625.5 583.3 617.8 547.3
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Other comprehensive loss, net of tax:
Unrealized holding losses arising during the period.............. (3.8) (30.5) (5.6) (21.1)
Less: reclassification adjustment for gains included in
net income..................................................... 10.5 (0.5) 23.8 1.8
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TOTAL OTHER COMPREHENSIVE LOSS.................................. (14.3) (30.0) (29.4) (22.9)
--------- ------- --------- --------
COMPREHENSIVE LOSS.............................................. $(2,276.3) $(195.8) $(2,623.4) $ (400.1)
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