8-K/A

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K/A

CURRENT REPORT

PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 4, 2003

WESTERN WIRELESS CORPORATION
(Exact Name of Registrant as Specified in Charter)

Washington	000-28160	91-1638901
(State or other jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

3650 131st Avenue S.E. Bellevue, Washington	98006
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (425) 586-8700

(Former Name or Former Address, if Changes Since Last Report)

TABLE OF CONTENTS

	ITEM 7. Exhibits
	ITEM 9. Regulation FD Disclosure
SIGNATURE
EXHIBIT 99.1

Due to text and printer formatting errors in the press release filed as Exhibit 99.1 to our Form 8-K, dated August 4, 2003, the parentheticals contained in "Equity in net (income) loss of unconsolidated affiliates" and "(Gain) loss on sale of Croatian joint venture" appearing in both the "Adjustments to Reconcile Net Income (Loss) to Adjusted EBITDA" table and the related text were misplaced and the "Stock-based compensation" and "Interest and financing expense, net" line items were combined. This Form 8-K/A corrects those errors and certain other minor typographical errors and restates that Form 8-K in its entirety.

ITEM 7. Exhibits

99.1 Press release dated August 4, 2003.

ITEM 9. Regulation FD Disclosure

On August 4, 2003, Western Wireless issued a press release, a copy of which is attached as Exhibit 99.1 hereto, announcing, among other things, its financial results for the second quarter of the 2003 Fiscal year.

The information required to be disclosed pursuant to “Item 12. Results of Operations and Financial Condition” is being furnished under “Item 9. Regulation FD Disclosure” in accordance with the Securities and Exchange Commission’s Final Rule Release No. 33-8216.

Such information, including the exhibit attached hereto under “Item 7. Financial Statements and Exhibits” shall not be deemed “filed” for purposes of Section 18 of the Securities Act of 1934.

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 hereunto duly authorized.

		WESTERN WIRELESS CORPORATION
		(Registrant)
Date: August 4, 2003	By:	/s/ Jeffrey A. Christianson
		Jeffrey A. Christianson Senior Vice President and General Counsel

EX-99.1 3 v92192a1exv99w1.htm EXHIBIT 99.1

Exhibit 99.1

For Release 1:00 PM PDT
August 4, 2003

Western Wireless Announces Second Quarter 2003 Financial Results

     BELLEVUE, Wash. (August 4, 2003) – Western Wireless Corporation (NASDAQ: WWCA), a leading provider of wireless communications services to rural America, announced today its operating results for the quarter ended June 30, 2003.

     Western Wireless reported consolidated total revenues of $359 million for the second quarter, a 24% increase over the second quarter of 2002. Consolidated net income for the quarter was $40.3 million or $0.49 per diluted share. Consolidated Adjusted EBITDA increased to $104 million for the quarter, an increase of 33% from the second quarter of 2002 (see attached schedule for adjustments to reconcile net income (loss) to Adjusted EBITDA).

     “This summer has been a very exciting period for Western Wireless,” said John W. Stanton, Chairman and Chief Executive Officer of Western Wireless. “We continue to demonstrate excellent financial performance with strong revenue and Adjusted EBITDA growth, we added another important chapter in our long relationship with AT&T Wireless by signing a long-term GSM/GPRS roaming agreement, and we took decisive steps to improve our capital structure and reduce debt.”

     Stanton continued, “Internationally, we closed on the sale of our Croatian investment, realizing a substantial gain, and took another important step towards achieving our objective of reaching positive Adjusted EBITDA for our international operations.”

     Domestic Results

• Adjusted EBITDA for Western Wireless’ domestic operations rose to $105 million for the quarter, an increase of 14% over the second quarter of 2002.

• Free cash flow from domestic operations for the quarter was $71.3 million, an increase of 16% from the second quarter of 2002 (see attached schedule for adjustments to reconcile net cash provided by (used in) operating activities to free cash flow). Year to

	date, free cash flow was $139 million, an increase of 25% over the six months ended June 30, 2002.
•	Domestic net subscriber additions were 15,100 for the second quarter. Churn was 2.4% for the quarter. Total subscribers at the end of the quarter were 1,231,200.
•	Net income from domestic operations was $23 million for the quarter.

     Total service revenue (total revenues less equipment sales) for the quarter was $229 million. Subscriber revenue per average subscriber for the quarter was $47.37 per month, up 8.7% from the second quarter of 2002. Total service revenue per average subscriber for the quarter was $62.41 per month.

     The average monthly cost of serving a subscriber (cost of service plus general and administrative expenses) was $22.86 per subscriber for the quarter, a slight decline from the second quarter of 2002. On a per minute of use basis, the average monthly cost of serving a subscriber was 4.3 cents, a 23% decline from the second quarter of 2002. Cost per gross subscriber addition (“CPGA”; determined by dividing the sum of sales and marketing costs and cost of equipment sales, reduced by equipment sales, by the number of gross subscriber additions for the quarter) was $395 for the quarter. Western Wireless includes digital handset subsidies incurred in retaining existing subscribers in its subscriber acquisition costs. Retention costs for the quarter included in CPGA were $68.

     International Results

     Total revenue for Western Wireless International’s (“WWI”) six consolidated businesses was $119.5 million for the quarter, an increase of 75% over the same period last year. Adjusted EBITDA loss for our international segment for the quarter was $0.8 million, compared to a loss of $13.8 million for the second quarter of 2002.

     Net customer additions for the international consolidated businesses totaled 65,700 for the quarter, bringing total international consolidated customers to 902,100, an increase of 56% over the second quarter of 2002. WWI also had 165,700 fixed line customers, primarily in its tele.ring operations in Austria.

     Conference Call

     On August 4, 2003 at 1:30 p.m. PST, Western Wireless will host a conference call to discuss second quarter financial results. The dial-up number for the call is 888/566-5774.

The access code is the phrase “Western Wireless”. A separate dial-up replay number will be available beginning at 3:30 p.m. PST on August 4, 2003 until midnight on Monday, August 11, 2003. The replay number is 800/873-2053 and the access code is 2703. Investors can also access the live conference call and the conference call replay as well as view this press release through the investor relations link on the Western Wireless website at www.wwireless.com.

     About Western Wireless Corporation

     Western Wireless Corporation, located in Bellevue, Washington, was formed in 1994 through the merger of previously unrelated rural wireless companies. Following the merger, Western Wireless continued to invest in rural cellular licenses, acquired six PCS licenses in the original auction of PCS spectrum in 1995 through its VoiceStream subsidiary, and made its first international investment in 1996. Western Wireless went public later in 1996 and completed the spin-off of VoiceStream in 1999. Western Wireless now serves over 1.2 million subscribers in 19 western states under the Cellular One® and Western Wireless® brand names. Through its subsidiaries and operating joint ventures, Western Wireless is licensed to offer service in eight foreign countries.

     This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company’s plans, intentions and expectations. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Such statements are inherently subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from those expected or implied by the forward-looking statements. These factors include general economic and business conditions, nationally, internationally and in the regions and countries in which we operate; demographic changes; technology changes; increased competition; changes in business strategy or development plans; our high leverage and our ability to access capital markets; our ability to attract and retain qualified personnel; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; our ability and the cost of acquiring additional spectrum licenses; and product liability and other claims asserted against us. A more extensive discussion of the risk factors that could impact these areas and the Company’s overall business and financial performance can be found in the Company’s public offering prospectuses and its reports filed with the Securities and Exchange Commission. Given these factors, investors and analysts should not place undue reliance on forward-looking statements.

For further information contact:
Investment Community:	Media:
Steve Winslow	John Snyder
Western Wireless Corporation	Snyder Investor Relations
(800) 261-5960	(206) 262-0291
steve.winslow@wwireless.com	jsnyder@snyderir.com

WESTERN WIRELESS CORPORATION
Condensed Consolidated Statements of Operations
(Dollars in thousands, except per share data)

				Three months ended June 30, 2003									Three months ended June 30, 2002
				Domestic			International			Consolidated			Domestic			International			Consolidated
Revenues:
	Subscriber revenues			$	173,886		$	90,017		$	263,903		$	151,999		$	46,216		$	198,215
	Roamer revenues				54,704			9,486			64,190			58,841			5,351			64,192
	Fixed line revenues							14,640			14,640						13,383			13,383
	Equipment sales				10,648			2,585			13,233			10,463			2,072			12,535
	Other revenues				539			2,727			3,266			1,288			1,236			2,524
		Total revenues			239,777			119,455			359,232			222,591			68,258			290,849
Operating expenses:
	Cost of service (exclusive of depreciation included below)				43,344			61,502			104,846			46,157			44,277			90,434
	Cost of equipment sales				22,231			14,893			37,124			19,302			8,336			27,638
	General and administrative				40,575			21,636			62,211			34,947			14,036			48,983
	Sales and marketing				28,583			22,268			50,851			30,216			15,427			45,643
	Depreciation and amortization				54,527			16,838			71,365			47,130			10,252			57,382
	Asset dispositions													7,556						7,556
		Total operating expenses			189,260			137,137			326,397			185,308			92,328			277,636
Other income (expense):
	Interest and financing expense, net				(22,252	)		(15,187	)		(37,439	)		(28,031	)		(10,971	)		(39,002	)
	Equity in net income (loss) of unconsolidated affiliates, net of tax				(170	)		1,872			1,702			(339	)		1,180			841
	Gain (loss) on sale of Croatian joint venture				(1,574	)		42,093			40,519
	Other, net				2,509			5,293			7,802			(3,671	)		1,142			(2,529	)
		Total other income (expense)			(21,487	)		34,071			12,584			(32,041	)		(8,649	)		(40,690	)
Minority interests in net loss of consolidated subsidiaries								1,651			1,651						2,590			2,590
Income (loss) from continuing operations before provision for income taxes					29,030			18,040			47,070			5,242			(30,129	)		(24,887	)
Provision for income taxes					(6,036	)		(709	)		(6,745	)		(4,238	)		(817	)		(5,055	)
Income (loss) from continuing operations					22,994			17,331			40,325			1,004			(30,946	)		(29,942	)
Income from discontinued operations																	2,565			2,565
			Net income (loss)	$	22,994		$	17,331		$	40,325		$	1,004		$	(28,381	)		(27,377	)
Basic income (loss) per share										$	0.51								$	(0.35	)
Diluted income (loss) per share										$	0.49								$	(0.35	)
Weighted average shares outstanding:
	Basic										79,246,000									78,969,000
	Diluted										82,348,000									78,969,000
Adjusted EBITDA(1)				$	105,044		$	(844	)	$	104,200		$	91,969		$	(13,818	)	$	78,151

⁽¹⁾  See “Adjustments To Reconcile Net Income (Loss) To Adjusted EBITDA”

WESTERN WIRELESS CORPORATION
Condensed Consolidated Statements of Operations
(Dollars in thousands, except per share data)

				Six months ended June 30, 2003									Six months ended June 30, 2002
				Domestic			International			Consolidated			Domestic			International			Consolidated
Revenues:
	Subscriber revenues			$	336,253		$	160,974		$	497,227		$	297,677		$	93,732		$	391,409
	Roamer revenues				102,883			23,385			126,268			111,851			13,204			125,055
	Fixed line revenues							29,691			29,691						26,999			26,999
	Equipment sales				20,464			5,812			26,276			20,888			5,316			26,204
	Other revenues				1,654			5,290			6,944			3,452			2,156			5,608
		Total revenues			461,254			225,152			686,406			433,868			141,407			575,275
Operating expenses:
	Cost of service (exclusive of depreciation included below)				82,729			116,752			199,481			90,491			87,691			178,182
	Cost of equipment sales				41,129			28,656			69,785			37,732			16,149			53,881
	General and administrative				79,552			40,764			120,316			72,835			35,250			108,085
	Sales and marketing				54,952			43,363			98,315			55,954			28,800			84,754
	Depreciation and amortization				104,630			32,307			136,937			96,692			21,129			117,821
	Asset dispositions				7,640						7,640			7,556						7,556
		Total operating expenses			370,632			261,842			632,474			361,260			189,019			550,279
Other income (expense):
	Interest and financing expense, net				(46,032	)		(29,886	)		(75,918	)		(57,035	)		(20,974	)		(78,009	)
	Equity in net income (loss) of unconsolidated affiliates, net of tax				(339	)		984			645			(339	)		2,827			2,488
	Gain (loss) on sale of Croatian joint venture				(1,574	)		42,093			40,519
	Other, net				4,691			2,087			6,778			2,125			(489	)		1,636
		Total other income (expense)			(43,254	)		15,278			(27,976	)		(55,249	)		(18,636	)		(73,885	)
Minority interests in net loss of consolidated subsidiaries								4,043			4,043						5,825			5,825
Income (loss) from continuing operations before provision for income taxes					47,368			(17,369	)		29,999			17,359			(60,423	)		(43,064	)
Provision for income taxes					(9,845	)		(1,390	)		(11,235	)		(107,778	)		(1,210	)		(108,988	)
Income (loss) from continuing operations					37,523			(18,759	)		18,764			(90,419	)		(61,633	)		(152,052	)
Income from discontinued operations																	4,027			4,027
			Net income (loss)	$	37,523		$	(18,759	)	$	18,764		$	(90,419	)	$	(57,606	)	$	(148,025	)
Basic income (loss) per share										$	0.24								$	(1.88	)
Diluted income (loss) per share										$	0.24								$	(1.88	)
Weighted average shares outstanding:
	Basic										79,220,000									78,940,000
	Diluted										79,801,000									78,940,000
Adjusted EBITDA(1)				$	202,892		$	(4,383	)	$	198,509		$	176,856		$	(26,483	)	$	150,373

⁽¹⁾  See “Adjustments To Reconcile Net Income (Loss) To Adjusted EBITDA”

WESTERN WIRELESS CORPORATION
Adjustments to Reconcile Net Income (Loss) to Adjusted EBITDA
(Dollars in thousands)

		Three months ended June 30,
		2003									2002
		Domestic			International			Consolidated			Domestic		International			Consolidated
Net income (loss)		$	22,994		$	17,331		$	40,325		$	1,004	$	(28,381	)	$	(27,377	)
	Depreciation and amortization		54,527			16,838			71,365			47,130		10,252			57,382
	Asset dispositions											7,556					7,556
	Stock-based compensation
	Interest and financing expense, net		22,252			15,187			37,439			28,031		10,971			39,002
	Equity in net (income) loss  of unconsolidated affiliates, net of tax and other, net		(2,339	)		(7,165	)		(9,504	)		4,010		(2,322	)		1,688
	(Gain) loss  on sale of Croatian joint venture		1,574			(42,093	)		(40,519	)
	Minority interests in net loss of consolidated subsidiaries					(1,651	)		(1,651	)				(2,590	)		(2,590	)
	Provision for income taxes		6,036			709			6,745			4,238		817			5,055
	Income from discontinued operations													(2,565	)		(2,565	)
	Adjusted EBITDA	$	105,044		$	(844	)	$	104,200		$	91,969	$	(13,818	)	$	78,151

		Six months ended June 30,
		2003									2002
		Domestic			International			Consolidated			Domestic			International			Consolidated
Net income (loss)		$	37,523		$	(18,759	)	$	18,764		$	(90,419	)	$	(57,606	)	$	(148,025	)
	Depreciation and amortization		104,630			32,307			136,937			96,692			21,129			117,821
	Asset dispositions		7,640						7,640			7,556						7,556
	Stock-based compensation Interest and financing expense, net		46,032			29,886			75,918			57,035			20,974			78,009
	Equity in net (income) loss  of unconsolidated affiliates, net of tax and other, net		(4,352	)		(3,071	)		(7,423	)		(1,786	)		(2,338	)		(4,124	)
	(Gain) loss on sale of Croatian joint venture		1,574			(42,093	)		(40,519	)
	Minority interests in net loss of consolidated subsidiaries					(4,043	)		(4,043	)					(5,825	)		(5,825	)
	Provision for income taxes		9,845			1,390			11,235			107,778			1,210			108,988
	Income from discontinued operations														(4,027	)		(4,027	)
	Adjusted EBITDA	$	202,892		$	(4,383	)	$	198,509		$	176,856		$	(26,483	)	$	150,373

     EBITDA, which the Company has in the past also referred to as cash flow, is a non-GAAP financial measure generally defined as net income (loss) before interest, taxes, depreciation and amortization. However, when the Company uses the non-GAAP financial measure EBITDA it further excludes the following items: (i) asset dispositions; (ii) stock-based compensation; (iii) equity in net income (loss) of unconsolidated affiliates, net of tax and other, net; (iv) (gain) loss on sale of Croatian joint venture; (v) minority interests in net loss of consolidated subsidiaries; and (vi) income from discontinued operations. Accordingly, the Company has revised the title “EBITDA” that it has used in the past to “Adjusted EBITDA.” Each of the items excluded from Adjusted EBITDA referenced above is presented in the Company’s Condensed Consolidated Statements of Operations.

     Other companies in the wireless industry may define Adjusted EBITDA in a different manner or present other varying financial measures, and, accordingly, the Company’s presentation may not be comparable to other similarly titled measures of other companies. The Company’s calculation of Adjusted EBITDA is also not directly comparable to EBIT (earnings before interest and taxes) or EBITDA.

     The Company views Adjusted EBITDA as an operating performance measure and as such, believes that the GAAP financial measure most directly comparable to Adjusted EBITDA is net income (loss). The Company has presented Adjusted EBITDA because this financial measure, in combination with other financial measures, is an integral part of the Company’s internal reporting system utilized by management to assess and evaluate the performance of its business. Adjusted EBITDA is also considered a significant performance measure. It is used by management as a measurement of the Company’s success in obtaining, retaining and servicing customers by reflecting the Company’s ability to generate subscriber revenue while providing a high level of customer service in a cost effective manner. The components of Adjusted EBITDA include the key revenue and expense items for which our operating managers are responsible and upon which the Company evaluates their performance.

     Adjusted EBITDA is consistent with certain financial measures used in the Company’s Credit Facility and 9.250% Senior Notes due 2013. Such financial measures are key components of several negative covenants including, among others, the limitation on incurrence of indebtedness, the limitations on investments and acquisitions and the limitation on distributions and dividends.

     Adjusted EBITDA should not be construed as an alternative to net income (loss), as determined in accordance with GAAP, as an alternative to cash flows from operating activities, as determined in accordance with GAAP, or as a measure of liquidity. The Company believes Adjusted EBITDA is useful to investors as a means to evaluate the Company’s operating performance prior to financing costs, deferred tax charges, non-cash depreciation and amortization expense and certain other non-cash charges. Although Adjusted EBITDA may be defined differently by other companies in the wireless industry, the Company believes that Adjusted EBITDA provides some commonality of measurement in analyzing operating performance of companies in the wireless industry.

WESTERN WIRELESS CORPORATION
Adjustments to Reconcile Net Cash Provided By (Used In) Operating Activities to Free Cash Flow
(Dollars in thousands)

			Three months ended June 30,
			2003									2002
			Domestic			International			Consolidated			Domestic			International			Consolidated
Net Cash provided by (used in) operating activities			$	55,599		$	11,922		$	67,521		$	56,937		$	(10,185	)	$	46,752
	Purchase of property and equipment			(33,700	)		(14,391	)		(48,091	)		(30,468	)		(49,781	)		(80,249	)
	Interest and financing expense, net			22,252			15,187			37,439			28,031			10,971			39,002
	Interest allocation			10,490			(10,490	)					8,916			(8,916	)
	Changes in operating assets and liabilities			17,438			(15,264	)		2,174			3,301			(5,677	)		(2,376	)
	Cash paid for taxes						709			709						817			817
	Other, net			(735	)		(2,908	)		(3,643	)		(5,216	)		(828	)		(6,044	)
		Free cash flow	$	71,344		$	(15,235	)	$	56,109		$	61,501		$	(63,599	)	$	(2,098	)
Net cash provided by (used in) investing activities									$	18,436								$	(103,836	)
Net cash provided by financing activities									$	87,143								$	45,530

			Six months ended June 30,
			2003									2002
			Domestic			International			Consolidated			Domestic			International			Consolidated
Net Cash provided by (used in) operating activities			$	126,508		$	8,117		$	134,625		$	117,407		$	(25,723	)	$	91,684
	Purchase of property and equipment			(64,305	)		(35,534	)		(99,839	)		(65,743	)		(92,515	)		(158,258	)
	Interest and financing expense, net			46,032			29,886			75,918			57,035			20,974			78,009
	Interest allocation			20,937			(20,937	)					16,738			(16,738	)
	Changes in operating assets and liabilities			11,110			(17,585	)		(6,475	)		(8,258	)		(4,363	)		(12,621	)
	Cash paid for taxes						1,390			1,390						1,210			1,210
	Other, net			(1,695	)		(5,254	)		(6,949	)		(6,066	)		(1,843	)		(7,909	)
		Free cash flow	$	138,587		$	(39,917	)	$	98,670		$	111,113		$	(118,998	)	$	(7,885	)
Net cash used in investing activities									$	(31,304	)							$	(183,237	)
Net cash provided by financing activities									$	83,981								$	85,427

     Free cash flow, which the Company has in the past also referred to as unleveraged free cash flow, is a non-GAAP financial measure which the Company defines as net cash provided by (used in) operating activities; (i) less capital expenditures; (ii) adding back interest and financing expense, net; and (iii) adjusting for changes in operating assets and liabilities, cash paid for taxes and other, net.

     The Company views free cash flow as a liquidity measure and, as such, believes that the GAAP financial measure most directly comparable to free cash flow is net cash provided by (used in) operating activities. The Company has presented free cash flow because this financial measure, in combination with Adjusted EBITDA, is an integral part of the Company’s internal reporting system. The Company believes the ability of a company in the wireless industry to generate positive free cash flow has a positive impact on shareholder value. Free cash flow provides an important measurement of the cash generated by the Company after capital reinvestment in its business and is an indicator of the Company’s ability to service its long-term debt and other corporate cash requirements. Free cash flow does not include expenditures for domestic taxes as the Company currently has significant accumulated net operating losses and does not believe it will pay cash domestic income taxes in the near future.

     Free cash flow should not be construed as an alternative to net income (loss), as determined in accordance with GAAP or as an alternative to net cash provided by (used in) operating activities, as determined in accordance with GAAP. The Company believes free cash flow is useful to investors as a means to evaluate the cash-generating capabilities of the Company, as recurring capital expenditures are required in the wireless industry to sustain its subscriber base and revenue growth. Further, the Company considers trends in free cash flow when making decisions regarding the allocation of financial resources.

WESTERN WIRELESS CORPORATION
Selected Domestic Operating Statistics

		As of and for the
		Three months ended June 30,
		2003			2002
Licensed population(1)			10,582,000			10,487,000
Subscribers			1,231,200			1,165,300
Average monthly subscriber revenue(2)		$	47.37		$	43.59
Average monthly service revenue(3)		$	62.41		$	60.83
Average monthly cost of serving a subscriber:(4)
	- per subscriber	$	22.86		$	23.26
	- per minute of use	$	0.043		$	0.056
Cost per gross subscriber addition(5)		$	395		$	445
Churn			2.4	%		2.4	%
Subscriber minutes of use			454			357
Capital expenditures (000’s)		$	33,700		$	30,468

(1)	Population for 2003 is estimated based upon 2002 Claritas, Inc. estimates and is adjusted by Western Wireless by applying Claritas’ positive and negative growth factors.
(2)	Average monthly subscriber revenue is determined by dividing subscriber revenue for the period by average subscribers for the period (the sum of beginning subscribers and ending subscribers, divided by two), and dividing that result by the number of months in the period.
(3)	Average monthly service revenue is determined by dividing service revenues for the period by average subscribers for the period and dividing that result by the number of months in the period. Service revenues include subscriber, roamer and other revenues.
(4)	Average monthly cost of serving a subscriber is determined by dividing total service costs (cost of service plus general and administrative expense) by average subscribers for the period, and dividing that result by the number of months in the period.
(5)	Cost per gross subscriber addition is determined by dividing the sum of sales and marketing costs and cost of equipment sales, reduced by equipment sales, by the number of gross subscriber additions for the period.

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EX-99.1

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