EX-99 9 segments.txt HISTORICAL DATA OF OPERATING SEGMENTS (UNAUDITED) BellSouth Corporation Results by Segment (amounts in millions) (unaudited) Note to Reader: Effective first quarter 2001, we have recast our segments to align with our current management reporting structure. The prior period segment information shown has been restated to conform with this new structure.
Communications Group (1) 1Q99 2Q99 3Q99 4Q99 YTD 1Q00 2Q00 3Q00 4Q00 YTD Operating Revenues Local service $2,587 $2,659 $2,713 $2,768 $10,727 $2,828 $2,891 $2,888 $2,908 $11,515 Network access 1,167 1,158 1,169 1,151 4,645 1,232 1,210 1,154 1,179 4,775 Long distance 176 161 176 169 682 170 169 178 160 677 Other 320 379 366 400 1,465 348 395 418 384 1,545 Total Operating Revenues 4,250 4,357 4,424 4,488 17,519 4,578 4,665 4,638 4,631 18,512 Operating Expenses Operational and support expenses 2,039 2,158 2,145 2,100 8,442 2,164 2,184 2,168 2,224 8,740 Depreciation and amortization 849 869 888 873 3,479 911 940 962 973 3,786 Total Operating Expenses 2,888 3,027 3,033 2,973 11,921 3,075 3,124 3,130 3,197 12,526 Operating Income 1,362 1,330 1,391 1,515 5,598 1,503 1,541 1,508 1,434 5,986 Interest Expense 135 133 142 150 560 162 177 180 180 699 Other Income, net (2) (2) 21 (6) 11 4 3 1 23 31 Income Before Income Taxes 1,225 1,195 1,270 1,359 5,049 1,345 1,367 1,329 1,277 5,318 Provision for Income Taxes 459 454 482 488 1,883 513 496 492 461 1,962 Segment Net Income(1) $766 $741 $788 $871 $3,166 $832 $871 $837 $816 $3,356 Selected Financial and Operating Data (amounts in millions) EBITDA (5) $2,211 $2,199 $2,279 $2,388 $9,077 $2,414 $2,481 $2,470 $2,407 $9,772 EBITDA margin (6) 52.0% 50.5% 51.5% 53.2% 51.8% 52.7% 53.2% 53.3% 52.0% 52.8% Calling feature revenues $444 $477 $491 $501 $1,913 $515 $532 $551 $547 $2,145 Access minutes of use 26,825 27,626 27,859 27,778 110,088 28,716 28,798 28,551 27,848 113,913 Long distance messages 177 168 160 139 644 136 129 125 114 504 Capital expenditures $1,138 $1,222 $1,277 $1,216 $4,853 $1,201 $1,284 $1,317 $1,638 $5,440 Equivalent access lines in service (thousands): Access lines 25,078 25,191 25,369 25,499 25,860 25,864 25,942 25,908 Access line equivalents 13,704 14,643 15,610 17,770 19,725 22,205 25,386 28,321 Total equivalent access lines in service 38,782 39,834 40,979 43,269 45,585 48,069 51,328 54,229 Wholesale Lines 649 691 742 816 930 1,036 1,188 1,308 Internet customers (thousands): 475 574 637 695 753 788 871 956 DSL customers (thousands): N/A* N/A N/A 30 49 74 134 215 * Not available
BellSouth Corporation Results by Segment (unaudited) Supplemental Operating Data (in thousands)
Communications Group - Network Access Lines In Service(a) 1Q99 2Q99 3Q99 4Q99 1Q00 2Q00 3Q00 4Q00 Access lines (b) Residence 16,806 16,825 16,933 17,002 17,278 17,203 17,205 17,135 Business 7,999 8,093 8,167 8,232 8,319 8,401 8,481 8,525 Other 273 273 269 265 263 260 256 248 Total access lines in service 25,078 25,191 25,369 25,499 25,860 25,864 25,942 25,908 Access line equivalents(c) Selected digital data services: DS0 & ADSL 470 517 587 706 848 1,030 1,422 1,950 DS1 3,782 4,007 4,251 4,529 4,780 5,071 5,359 5,673 DS3 & higher 9,452 10,119 10,772 12,535 14,097 16,104 18,605 20,698 Total digital data lines in service 13,704 14,643 15,610 17,770 19,725 22,205 25,386 28,321 Total equivalent access lines in service 38,782 39,834 40,979 43,269 45,585 48,069 51,328 54,229 (a) Prior period operating data are often revised at later dates to reflect updated information. The above information reflects the latest data available for the periods indicated. (b) Access line counts include amounts for switched access lines, Basic Rate ISDN, Primary Rate ISDN and UNE Combos. (c) Access line equivalents represent a conversion of non-switched data circuits to a switched access line basis and is presented for comparability purposes. Equivalents are calculated by converting high-speed/high-capacity circuits to the equivalent of a switched access line based on transport capacity. While the revenues generated by access line equivalents have a directional relationship with these counts, growth rates cannot be compared on an equivalent basis.
BellSouth Corporation Results by Segment (amounts in millions) (unaudited)
Domestic Wireless Segment (1)(a) 1Q99 2Q99 3Q99 4Q99 YTD 1Q00 2Q00 3Q00 4Q00 YTD Operating Revenues Service revenues (4) $745 $806 $835 $852 $3,238 $873 $964 $995 $1,112 $3,944 Equipment and other revenues 70 71 82 80 303 77 72 76 112 337 Total Operating Revenues 815 877 917 932 3,541 950 1,036 1,071 1,224 4,281 Operating Expenses Operational and support expenses 610 638 685 708 2,641 726 724 776 903 3,129 Depreciation and amortization 148 164 191 189 692 167 154 151 170 642 Total Operating Expenses 758 802 876 897 3,333 893 878 927 1,073 3,771 Operating Income 57 75 41 35 208 57 158 144 151 510 Interest Expense 23 23 25 23 94 27 27 29 94 177 Other Income, net 28 33 38 36 135 34 39 44 12 129 Income Before Income Taxes 62 85 54 48 249 64 170 159 69 462 Provision for Income Taxes 22 31 11 24 88 23 64 61 17 165 Segment Net Income(1) $40 $54 $43 $24 $161 $41 $106 $98 $52 $297 Selected Financial and Operating Data (b) (amounts in millions, except customer data in thousands) EBITDA (5) $205 $239 $232 $224 $900 $224 $312 $295 $321 $1,152 EBITDA margin (6)(c) 27.5% 29.7% 27.8% 26.3% 27.8% 25.7% 32.4% 29.6% 28.9% 29.2% Average monthly revenue per customer (7)(d) $57 $59 $60 $60 $59 $59 $61 $60 $53 $57 Customer net adds in period (excluding ownership changes) Cellular and PCS 166 238 82 207 693 309 286 229 367 1,191 Data (Cingular Interactive) 16 27 26 63 132 79 79 80 44 282 Customers Cellular and PCS 4,486 4,724 4,680 4,887 5,196 5,482 5,711 8,337 Data (Cingular Interactive) 108 135 161 224 303 382 462 229 POPs 52,827 54,568 55,983 56,255 57,034 57,034 57,034 82,170 Penetration rate (9) 8.5% 8.9% 8.6% 8.9% 9.4% 9.9% 10.3% 10.1% (a) Through third quarter 2000, this segment is comprised of BellSouth's wireless voice and wireless data operations. Beginning fourth quarter 2000, this segment is comprised of BellSouth's 40% share of the reported results of Cingular wireless. (b) Customer data for first quarter 2001, including POPs, penetration rate and average monthly revenue per customer, is comprised of BellSouth's 40% share of the managed results of Cingular Wireless. (c) EBITDA margin denominator includes service revenues only. (d) Average monthly revenue per customer excludes Cingular Interactive (formerly BellSouth Wireless Data).
BellSouth Corporation Results by Segment (amounts in millions) (unaudited)
Latin America Group (1)(2) 1Q99 2Q99 3Q99 4Q99 YTD 1Q00 2Q00 3Q00 4Q00 YTD Operating Revenues Service revenues (4) $516 $525 $522 $521 $2,084 $575 $574 $613 $624 $2,386 Equipment and other revenues 49 49 70 84 252 106 99 110 130 445 Advertising and publishing revenues - 4 28 37 69 14 31 49 41 135 Total Operating Revenues 565 578 620 642 2,405 695 704 772 795 2,966 Operating Expenses Operational and support expenses 408 405 479 557 1,849 581 522 581 627 2,311 Depreciation and amortization 104 108 115 123 450 126 130 167 182 605 Total Operating Expenses 512 513 594 680 2,299 707 652 748 809 2,916 Operating Income 53 65 26 (38) 106 (12) 52 24 (14) 50 Interest Expense 24 25 18 21 88 33 26 52 67 178 Other Income, net (39) (12) (29) (30) (110) 12 (58) (37) (39) (122) Income Before Income Taxes (10) 28 (21) (89) (92) (33) (32) (65) (120) (250) Provision for Income Taxes 24 23 (9) (27) 11 (13) 2 (3) (2) (16) Segment Net Income(1) ($34) $5 ($12) ($62) ($103) ($20) ($34) ($62) ($118) ($234) Selected Financial and Operating Data (amounts in millions, except customer data in thousands) EBITDA (5) $157 $173 $141 $85 $556 $114 $182 $191 $168 $655 EBITDA margin (6) 27.8% 29.9% 22.7% 13.2% 23.1% 16.4% 25.9% 24.7% 21.1% 22.1% Average monthly revenue per customer (8) $61 $57 $50 $44 $52 $40 $35 $31 $30 $34 Customer net adds in period (excluding ownership changes) 351 284 544 453 1,632 827 488 365 401 2,081 Customers (voice) 2,949 3,233 3,777 4,230 5,096 5,584 6,668 7,069 POPs 87,800 103,000 110,400 111,700 114,600 114,600 156,200 156,200 Penetration rate (9) 4.7% 5.1% 5.3% 4.7% 5.5% 4.9% 4.3% 4.5%
BellSouth Corporation Results by Segment (amounts in millions) (unaudited)
Domestic Advertising & Publishing (1) 1Q99 2Q99 3Q99 4Q99 YTD 1Q00 2Q00 3Q00 4Q00 YTD Total Operating Revenues $ 346 $ 411 $ 510 $ 693 $ 1,960 $ 353 $ 448 $ 545 $ 720 $ 2,066 Operating Expenses Operational and support expenses 200 241 237 346 1,024 191 237 244 325 997 Depreciation and amortization 6 7 8 6 27 7 7 8 6 28 Total Operating Expenses 206 248 245 352 1,051 198 244 252 331 1,025 Operating Income 140 163 265 341 909 155 204 293 389 1,041 Interest Expense 2 2 1 2 7 5 4 1 4 14 Other Income, net - 3 - 1 4 - - 1 1 2 Income Before Income Taxes 138 164 264 340 906 150 200 293 386 1,029 Provision for Income Taxes 53 62 101 123 339 56 76 112 150 394 Segment Net Income(1) $85 $102 $163 $217 $567 $94 $124 $181 $236 $635 EBITDA (5) $146 $170 $273 $347 $936 $162 $211 $301 $395 $1,069 EBITDA margin (6) 42.2% 41.4% 53.5% 50.1% 47.8% 45.9% 47.1% 55.2% 54.9% 51.7%
BellSouth Corporation Notes (1) Segment net income (loss) is based on normalized results which exclude certain one-time transactions and certain corporate intercompany billings. Intersegment revenues are not eliminated for purposes of management reporting. (2) Results for the Latin America segment are reported one month in arrears. (3) Proportionate basis financial and operating data reflect our ownership interest in the total operating results for each of our wireless properties, both domestic and international, whether or not consolidated for financial statement presentation purposes. (4) Wireless service revenues includes activation fees, access, airtime, roaming, long distance and value added services. Roaming revenues are included on a gross basis for the Domestic Wireless segment and on a net basis for the Latin America segment. (5) EBITDA is defined as operating revenues less operational and support expenses. (6) EBITDA margin is calculated by dividing EBITDA by operating revenues. (7) For the Domestic Wireless segment, Average monthly revenue per customer is calculated by dividing average monthly revenue by average proportionate basis customers. Average monthly revenue includes activation fees, access, airtime, roaming (gross), long distance and value added services. (8) For the Latin America segment, Average monthly revenue per customer is calculated by dividing average monthly revenue by average customers. Average monthly revenue includes activation fees, access, airtime, roaming (net), long distance and value added services. (9) Penetration rate is calculated by dividing customers by POPs (excludes POPs in markets where service has not been initiated).