Balance sheet numbers:
September 30, December 31,
2001 2000
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(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents.................................................. $ 63.4 $ 15.7
Investment in available-for-sale securities................................ 3.6 64.7
Trade receivables, net..................................................... 314.0 337.8
Inventory.................................................................. 14.9 25.1
Deferred expenses.......................................................... 47.9 48.3
Prepaid expenses and other................................................. 23.4 55.0
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TOTAL CURRENT ASSETS...................................................... 467.2 546.6
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Property and equipment
Land and buildings......................................................... 117.9 118.4
Communications networks.................................................... 1,656.7 1,411.4
Furniture, fixtures and equipment.......................................... 498.1 428.6
Networks in progress....................................................... 1,057.8 1,497.7
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3,330.5 3,456.1
Less accumulated depreciation............................................... 650.0 437.0
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2,680.5 3,019.1
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Investments, Intangibles and Other Assets
Other investments.......................................................... 31.6 29.2
Goodwill, net.............................................................. 1,092.7 3,226.2
Other intangibles, net..................................................... 398.5 391.0
Other...................................................................... 122.1 137.3
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1,644.9 3,783.7
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$ 4,792.6 $ 7,349.4
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Current maturities of long-term debt....................................... $ 12.6 $ 27.3
Accounts payable........................................................... 192.6 275.9
Accrued payroll and payroll related expenses............................... 39.5 43.0
Other accrued liabilities.................................................. 393.8 393.8
Deferred revenue, current portion.......................................... 19.0 36.4
Customer deposits.......................................................... 35.2 53.8
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TOTAL CURRENT LIABILITIES................................................. 692.7 830.2
Long-term debt, less current maturities..................................... 3,694.0 2,732.2
Deferred revenue, less current portion...................................... 16.0 12.1
Other long-term liabilities................................................. 16.5 18.8
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4,419.2 3,593.3
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Redeemable convertible preferred stock
Preferred, Series B, redeemable, convertible, $.01 par value, authorized,
issued and outstanding 2001 none; 2000 275,000............................ --- 687.5
Preferred, Series C, redeemable, convertible, $.01 par value, authorized,
issued and outstanding 2001 none; 2000 125,000............................ --- 312.5
Preferred, Series D, redeemable, convertible, $.01 par value, authorized,
issued and outstanding 2001 275,000; 2000 none............................ 104.0 ---
Preferred, Series E, redeemable, convertible, $.01 par value, authorized,
issued and outstanding 2001 125,000; 2000 none............................ 43.0 ---
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147.0 1,000.0
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Stockholders' Equity
Capital Stock:
Preferred, Series A, $.01 par value: authorized, issued and outstanding
2001 1,149,375 shares; 2000 1,149,400 shares............................ --- ---
Common, Class A, $.01 par value; authorized 2,000,000,000 shares;
issued and outstanding 2001 626,950,228 shares; 2000 606,596,945
shares................................................................... 6.3 6.1
Common, Class B, convertible, $.01 par value; authorized 22,000,000
shares; issued and outstanding 2001 and 2000 none........................ --- ---
Additional paid-in capital................................................. 3,843.2 3,749.7
Accumulated deficit........................................................ (3,621.1) (1,027.1)
Accumulated other comprehensive income..................................... (2.0) 27.4
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226.4 2,756.1
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$ 4,792.6 $ 7,349.4
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