Here is the excerpt 10K.
Really no red flags.
1999 2000 2001
---- ---- ----
(IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
<S> <C> <C> <C>
Revenues .................................................. $4,072,107 $4,195,115 $4,380,477
Operating unit expenses ................................... 2,688,849 2,816,363 2,905,043
Corporate general and administrative expenses ............. 149,285 148,023 167,206
Provision for doubtful accounts ........................... 342,708 98,037 107,871
Depreciation and amortization ............................. 374,248 360,847 375,270
Loss on termination of credit facility (Note 1) ........... -- -- 6,475
Loss on sale of assets (Note 16) .......................... -- -- 174,127
Impairment and restructuring charges (Note 13) ............ 121,037 -- --
Interest expense .......................................... 176,652 221,595 218,100
Interest income ........................................... (10,587) (9,104) (7,349)
---------- ---------- ----------
3,842,192 3,635,761 3,946,743
---------- ---------- ----------
Income before income taxes and minority interests ......... 229,915 559,354 433,734
Provision for income taxes (Note 10) ...................... 66,929 181,808 139,467
---------- ---------- ----------
162,986 377,546 294,267
Minority interests ........................................ 86,469 99,081 91,880
---------- ---------- ----------
Net income ................................................ $ 76,517 $ 278,465 $ 202,387
========== ========== ==========
Weighted average common shares outstanding ................ 408,195 385,666 389,717
========== ========== ==========
Net income per common share ............................... $ 0.19 $ 0.72 $ 0.52
========== ========== ==========
Weighted average common shares outstanding -
assuming dilution ........................................ 414,570 391,016 399,227
========== ========== ==========
Net income per common share - assuming dilution ........... $ 0.18 $ 0.71 $ 0.51 |
