Leap earnings out (no commentary yet, just numbers) :
SAN DIEGO, Nov 13 (Reuters) -
LEAP WIRELESS INTERNATIONAL, INC.
(nasdaq: LWIN - news - people)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(Dollars In Thousands, Except Per Share Data)
Three Months Ended Nine Months Ended
September 30, September 30,
2002 2001 2002 2001
Revenues:
Service revenues $143,561 $57,240 $415,971 $122,449
Equipment revenues 11,612 9,453 30,525 28,843
Total revenues 155,173 66,693 446,496 151,292
Operating expenses:
Cost of service (51,534) (27,297) (136,937) (57,003)
Cost of equipment
(58,603) (53,197) (202,777) (116,632)
Selling and marketing
(32,719) (32,181) (95,636) (70,982)
General and
administrative (38,991) (39,290) (135,699) (96,691)
Depreciation and
amortization (3)
(70,342) (33,494) (201,205) (68,792)
Impairment of
goodwill (1) (26,919) -- (26,919) --
Total operating
expenses (279,108) (185,459) (799,173) (410,100)
Gain on sale of
wireless license -- -- 364 --
Operating loss (123,935) (118,766) (352,313) (258,808)
Equity in net loss of
unconsolidated
wireless operating
company -- (14,264) -- (57,562)
Gain on sale of
unconsolidated
wireless operating
company (4) 39,518 -- 39,518 --
Interest income 1,295 4,850 4,716 23,623
Interest expense (58,379) (44,258) (168,528) (123,709)
Other income
(expense), net (87) 12,541 13 14,842
Loss before
income taxes (141,588) (159,897) (476,594) (401,614)
Income taxes (3) (1,398) (845) (21,629) (2,043)
Net loss (142,986) (160,742) (498,223) (403,657)
Basic and diluted
net loss per
common share (3.18) (4.43) (12.51) (12.27)
Shares used in per
share calculations:
Basic and diluted 44,920 36,310 39,819 32,909
SOURCE Leap Wireless International, Inc.
-- New York Equities Desk 646-223-6000
Copyright 2002, Reuters News Service |
