DIRECTV 2002 Annual Report Download - page 122

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HUGHES ELECTRONICS CORPORATION
SUPPLEMENTAL INFORMATION
Selected Quarterly Data (Unaudited) 1st 2nd 3rd 4th
(Dollars in Millions Except Per Share Amounts)
2002 Quarters
Revenues ........................................ $2,038.4 $2,210.0 $2,214.8 $2,471.7
Income (loss) before income taxes, minority interests and
cumulative effect of accounting change(1) ............ $ (241.5) $ (244.5) $ (15.3) $ 216.0
Income tax benefit (expense) ........................ 91.8 92.9 5.8 (96.1)
Minority interests in net earnings of subsidiaries ......... (6.7) (3.5) (4.1) (7.3)
Cumulative effect of accounting change, net of taxes ..... (681.3) — — —
Net income (loss) .................................. (837.7) (155.1) (13.6) 112.6
Earnings (loss) used for computation of available separate
consolidated net income (loss) ..................... $ (861.8) $ (177.9) $ (13.6) $ 112.6
Average number of shares of General Motors Class H
common stock outstanding (in millions) (Numerator) .... 877.6 884.0 958.1 958.2
Average Class H dividend base (in millions) (Denominator) 1,301.2 1,307.6 1,381.7 1,381.8
Available separate consolidated net income (loss) ....... $ (581.2) $ (120.3) $ (9.4) $ 78.1
Stock price range of General Motors Class H common
stock
High ......................................... $ 17.55 $ 17.00 $ 11.25 $ 12.00
Low ......................................... $ 12.50 $ 8.49 $ 8.35 $ 8.00
2001 Quarters
Revenues ........................................ $1,893.2 $1,985.4 $2,103.8 $2,281.6
Loss before income taxes, minority interests and
cumulative effect of accounting change .............. $ (172.1) $ (257.7) $ (321.2) $ (238.7)
Income tax benefit ................................. 49.9 74.8 93.1 107.8
Minority interests in net (earnings) losses of subsidiaries . . 24.3 26.4 0.9 (1.7)
Cumulative effect of accounting change, net of taxes ..... (7.4) — — —
Netloss .......................................... (105.3) (156.5) (227.2) (132.6)
Loss used for computation of available separate
consolidated net income (loss) ..................... $ (128.6) $ (179.8) $ (250.4) $ (155.9)
Average number of shares of General Motors Class H
common stock outstanding (in millions) (Numerator) .... 875.4 875.9 876.8 877.3
Average Class H dividend base (in millions) (Denominator) 1,299.1 1,299.6 1,300.5 1,300.9
Available separate consolidated net income (loss) ....... $ (86.7) $ (121.2) $ (168.8) $ (105.1)
Stock price range of General Motors Class H common
stock
High ......................................... $ 28.00 $ 25.09 $ 21.65 $ 15.80
Low ......................................... $ 17.90 $ 17.50 $ 11.50 $ 12.12
(1) Included as part of Income (loss) before income taxes, minority interests and cumulative effect of
accounting change for the fourth quarter of 2002 is a $600 million gain for the settlement on the
terminated merger agreement with EchoStar, partially offset by a $146.3 million write down for
other-than-temporary declines in the fair value of certain equity securities and a $92.8 million
charge related to the shutdown of the DIRECTV Broadband business.
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