-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ucz0Y30flL1ulvG3m/Uz2NUQIF7jpr8AHQiUcYlpKF75pOupoe9g2rorN74KBndI A8UWMcZt29y63PKgTxRKmA== 0000732713-01-500008.txt : 20010521 0000732713-01-500008.hdr.sgml : 20010521 ACCESSION NUMBER: 0000732713-01-500008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010517 ITEM INFORMATION: FILED AS OF DATE: 20010518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BELLSOUTH CORP CENTRAL INDEX KEY: 0000732713 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 581533433 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08607 FILM NUMBER: 1643026 BUSINESS ADDRESS: STREET 1: 1155 PEACHTREE ST NE STREET 2: ROOM 15G03 CITY: ATLANTA STATE: GA ZIP: 30309-3610 BUSINESS PHONE: 4042492000 MAIL ADDRESS: STREET 1: 1155 PEACHTREE STREET NE CITY: ATLANTA STATE: GA ZIP: 30309-3610 8-K 1 cing1q018k.txt 8-K FOR CINGULAR WIRELESS PROFORMA RESULTS SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 17, 2001 BELLSOUTH CORPORATION (Exact name of registrant as specified in its charter) Georgia 1-8607 58-1533433 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) Room 15G03, 1155 Peachtree Street, N. E., Atlanta, Georgia 30309-3610 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (404) 249-2000 Item 9. Regulation FD Disclosure Attached are the proforma results for Cingular Wireless for first quarter 2000 and 2001 which are posted on BellSouth's Investor Relations' web page. (c) Exhibits Exhibit No. 99 1Q2000 and 1Q2001 Cingular Proforma Results SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. BELLSOUTH CORPORATION By: /s/ W. Patrick Shannon W. Patrick Shannon Vice President - Finance and Supply Chain Management May 17, 2001 EX-99 2 cingexh99.txt CINGULAR PROFORMA 1Q2000 AND 2001 BellSouth Corporation (Amounts in millions) (unaudited) - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Cingular Wireless - (Pro Forma Combined Statements of Income - Normalized) - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- In October 2000, BellSouth combined substantially all of its domestic wireless operations with those of SBC Communications to form Cingular Wireless. In the following table, we present 100% Cingular Pro Forma Income and Operating data. We believe that this presentation provides meaningful comparative information for existing operations; we cannot, however, assure you that the amounts shown below would have been achieved if Cingular had actually been in operation during the periods presented. Quarter Ended ----------------------------- 3/31/01 3/31/00 % Change ----------------------------- Operating Revenues Service Revenues $3,065 $2,669 14.8% Equipment Revenues 268 240 11.7% - ------------------------------------------ ----------------------------- Total Operating Revenues 3,333 2,909 14.6% - ------------------------------------------ ----------------------------- Operating Expenses Operational and Support 2,361 1,976 19.5% Depreciation and Amortization 474 495 (4.2%) - ------------------------------------------ ----------------------------- Total Operating Expenses 2,835 2,471 14.8% - ------------------------------------------ ----------------------------- Operating Income 498 438 13.6% - ------------------------------------------ ----------------------------- Interest Expense 207 214 (3.2%) Other Income (Expense), Net 53 (26) N/M - ------------------------------------------ ----------------------------- Income Before Income Tax 344 198 73.6% - ------------------------------------------ ----------------------------- - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Selected Financial and Operating Data - ------------------------------------------------------------------------- - ------------------------------------------------------------------------- Quarter Ended ----------------------------- 3/31/01 3/31/00 % Change ----------------------------- EBITDA $972 $933 4.2% EBITDA margin (1) 31.7% 35.0% -330bps Total Cellular/PCS Customers (000) 20,535 17,294 18.7% Net Customer Additions - Cellular/PCS (000) 854 695 22.9% Wireless Service ARPU - Cellular/PCS (2) $50.32 $52.24 (3.7%) POPs - Cellular/PCS 192 192 0.0% Penetration - Cellular/PCS 10.7% 9.0% +170bps Total Cingular Interactive Customers (000) 657 302 117.8% Net Customers Additions - Cingular Interactive (000) 84 79 5.2% - -------------------------------------------- ----------------------------- - -------------------------------------------- ----------------------------- Notes: 1 EBITDA margin denominator includes Wireless Service Revenues only 2 ARPU excludes Cingular Interactive - ------------------------------------------------------------------------------- BellSouth Corporation Cingular Wireless Pro Forma Consolidated Balance Sheet Dollars in millions Unaudited As of 3/31/01 - ------------------------------------------------------------------- Assets Current Assets Cash and cash equivalents 163 Accounts receivable - net of allowances for uncollectibles 1,523 Inventory 206 Prepaid expenses and other current assets 129 Total current assets 2,021 Property, Plant and Equipment - Net 8,505 Intangible Assets - Net 8,985 Other Assets 611 - ------------------------------------------------------------------- Total Assets 20,122 =================================================================== =================================================================== Liabilities and Partners' Equity Current Liabilities Debt maturing within one year 816 Accounts payable and accrued liabilities 2,887 Total current liabilities 3,703 - ------------------------------------------------------------------- Long-Term Debt to Affiliates 9,876 Long-Term Debt to External Parties 867 - ------------------------------------------------------------------- Deferred Credits and Other Noncurrent Liabilities Deferred income taxes 187 Minority interest 572 Other noncurrent liabilities 193 - ------------------------------------------------------------------- Total deferred credits and other noncurrent liabilities 952 - ------------------------------------------------------------------- Partners' Capital 4,724 - ------------------------------------------------------------------- Total Liabilities and Partners' Capital 20,122 =================================================================== -----END PRIVACY-ENHANCED MESSAGE-----