EX-99.3 6 0006.txt EXHIBIT 99.3 Exhibit 99.3
AT&T WIRELESS GROUP COMBINED STATEMENTS OF OPERATIONS (Dollars in Millions) (Unaudited) For the Three Months Ended March 31, March 31, 2000 1999 REVENUE Services revenue $1,992 $ 1,372 Equipment revenue 206 191 Total revenue 2,198 1,563 OPERATING EXPENSES Costs of services and products 1,052 810 Selling, general and administrative 750 564 Depreciation and amortization 369 276 Total operating expenses 2,171 1,650 OPERATING INCOME(LOSS) 27 (87) Other income 81 44 Interest expense 51 32 Income (loss) before income taxes 57 (75) Provisions (benefit) for income taxes 30 (26) Net income (loss) 27 (49) Dividend requirements on preferred stock held by AT&T, net 14 14 Net income (loss) after preferred stock dividends $ 13 $ (63)
AT&T WIRELESS GROUP COMBINED BALANCE SHEETS (Dollars in Millions) March 31, December 31, 2000 1999 (unaudited) ASSETS Cash and cash equivalents $ 10 $ 5 Accounts receivable, less allowances of $141 and $130 1,330 1,300 Inventories 146 162 Deferred income taxes 141 127 Prepaid expenses and other current assets 46 34 Total Current Assets 1,673 1,628 Property, plant and equipment, net of accumulated depreciation of $4,316 and $4,033 6,896 6,349 Licensing costs, net of accumulated amortization of $1,583 and $ 1,519 8,598 8,571 Investments 5,233 4,502 Goodwill and other assets, net of accumulated Amortization of $407 and $335 2,490 2,462 TOTAL ASSETS $24,890 $23,512 LIABILITIES Accounts payable $ 850 $ 921 Payroll and benefit-related liabilities 212 291 Debt maturing within one year 154 154 Other current liabilities 986 931 Total Current Liabilities 2,202 2,297 Long-term debt due to AT&T 3,700 3,400 Deferred income taxes 3,812 3,750 Other long-term liabilities 134 48 TOTAL LIABILITIES 9,848 9,495 MINORITY INTEREST 15 20 EQUITY Preferred stock held by AT&T 1,000 1,000 Combined Equity 13,975 12,971 Accumulated other comprehensive income 52 26 TOTAL EQUITY 15,027 13,997 TOTAL LIABILITIES AND EQUITY $24,890 $23,512