The numbers;
(in thousands, except per share data)
For the three months ended
June 30,
1997 1998
Operating revenues
Telecommunications services
CLEC $ 4,009 $ 30,002
Other 3,669 14,740
Total telecommunications services 7,678 44,742
Information services 8,662 12,521
Total operating revenues 16,340 57,263
Operating expenses
Cost of services and products 15,908 46,181
Selling, general and
administrative expenses 39,228 59,693
Depreciation and amortization 4,896 16,895
Total operating expenses 60,032 122,769
Operating loss (43,692) (65,506)
Other (expense) income
Interest expense (20,194) (40,500)
Interest income 5,090 10,308
Loss from continuing operations
before income tax benefit (58,796) (95,698)
Income tax benefit -- 1,400
Loss from continuing operations (58,796) (94,298)
Loss from discontinued operations -- --
Net loss (58,796) (94,298)
Preferred stock dividends (2,346) (11,287)
Net loss applicable to common
stockholders (61,142) (105,585)
Basic and diluted income loss per share:
From continuing operations (1.85) (2.77)
From discontinued operations -- --
Net loss per share (1.85) (2.77)
Weighted average shares outstanding 32,967 38,081
For the six months ended
June 30,
1997 1998
Operating revenues
Telecommunications services
CLEC $ 5,988 $ 51,117
Other 8,753 29,112
Total telecommunications services 14,741 80,229
Information services 14,676 24,470
Total operating revenues 29,417 104,699
Operating expenses
Cost of services and products 28,867 88,956
Selling, general and
administrative expenses 68,781 113,304
Depreciation and amortization 8,397 28,294
Total operating expenses 106,045 230,554
Operating loss (76,628) (125,855)
Other (expense) income
Interest expense (30,992) (69,156)
Interest income 7,325 15,236
Loss from continuing operations before
income tax benefit (100,295) (179,775)
Income tax benefit -- 2,500
Loss from continuing operations (100,295) (177,275)
Loss from discontinued operations (477) (1,982)
Net loss (100,772) (179,257)
Preferred stock dividends (2,346) (19,485)
Net loss applicable to common
stockholders (103,118) (198,742)
Basic and diluted income loss per share:
From continuing operations (3.13) (5.32)
From discontinued operations (0.01) (0.05)
Net loss per share (3.14) (5.37)
Weighted average shares outstanding 32,789 37,000 |
