The Regents - University of California | Office of The President
The Regents - University of California | Office of The President
The Regents - University of California | Office of The President
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55. On March 26, 1999, Andersen also gave its written consent for its<br />
report being included in WorldCom’s 10-K, Registration Statements and other<br />
documents filed with the SEC.<br />
D. 1999 Year End Statements<br />
56. In its March 30, 2000 filing with the SEC for the year ended<br />
December 31, 1999, WorldCom made the following representations about its<br />
operations, including revenues and income:<br />
MCI WORLDCOM. INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF<br />
OPERATIONS (In Millions, Except Per Share Data)<br />
For the Years Ended December 31,<br />
1999 1998 1997<br />
Revenues $37,120 $18,169 $7,789<br />
Operating expenses:<br />
Line costs<br />
SG&A<br />
15,951<br />
8,935<br />
8,534<br />
4,563<br />
3,887<br />
1,854<br />
Deprec. & amort.<br />
In-process R&D<br />
4,354 2,289 1,066<br />
and other charges<br />
Total<br />
(8)<br />
29,232<br />
3,725<br />
19,111<br />
–<br />
6,807<br />
Operating income (loss) 7,888 (942) 982<br />
Other income (expense):<br />
Interest expense (966) (692) (450)<br />
Miscellaneous 242 44 46<br />
Income (loss) before income taxes,<br />
min. ints., cum. effect <strong>of</strong> acct<br />
change & extraordinary items<br />
Provision for income taxes<br />
7,164<br />
2,965<br />
(1,590)<br />
877<br />
578<br />
393<br />
Income (loss) before min. ints.,<br />
cum. effect <strong>of</strong> acct change &<br />
extraordinary items 4,199 (2,467) 185<br />
Minority interests (186) (93) –<br />
Income (loss) before cum. effect<br />
<strong>of</strong> acct change &<br />
extraordinary items<br />
Cum. effect <strong>of</strong> acct change<br />
4,013 (2,560) 185<br />
(net <strong>of</strong> income taxes <strong>of</strong> $22 in 1998)<br />
Extraordinary items<br />
– (36) –<br />
(net <strong>of</strong> income taxes <strong>of</strong> $78 in 1998) – (129) (3)<br />
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COMPLAINT
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