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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WORLDCOM, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF<br />
OPERATIONS (Unaudited. In Millions, Except Per Share Data)<br />
For the Three Months Ended For the Nine Months Ended<br />
September 30, September 30,<br />
2000 2001 2000 2001<br />
Revenues<br />
Operating expenses:<br />
$ 10,037 $ 8,966 $ 29,456 $ 26,701<br />
Line costs<br />
SG&A<br />
3,867<br />
3,081<br />
3,745<br />
2,517<br />
11,376<br />
7,847<br />
11,171<br />
8,503<br />
Deprec. & amort. 1,237 1,524 3,570 4,266<br />
Total $ 8,185 $ 7,786 $ 22,793 $ 23,940<br />
Operating income<br />
Other income (expense):<br />
1,852 1,180 6,663 2,761<br />
Interest expense<br />
Miscellaneous<br />
(245)<br />
107<br />
(442)<br />
107<br />
(699)<br />
327<br />
(1,095)<br />
330<br />
Income before income taxes,<br />
min. ints & cumulative<br />
effect <strong>of</strong> accounting change 1,714 845 6,291 1,996<br />
Provision for income taxes 688 329 2,554 773<br />
Income before min. int. &<br />
cumulative effect <strong>of</strong><br />
accounting change<br />
Minority interests<br />
1,026<br />
(75)<br />
516<br />
20<br />
3,737<br />
(225)<br />
1,223<br />
20<br />
Income before cumulative<br />
effect <strong>of</strong> accounting change<br />
Cumulative effect <strong>of</strong><br />
951 536 3,512 1,243<br />
accounting change (net <strong>of</strong><br />
income tax <strong>of</strong> $50 in 2000) -- -- (85) --<br />
Net income 951 536 3,427 1,243<br />
Distributions on<br />
mandatorily redeemable<br />
preferred securities &<br />
other preferred<br />
dividend requirements 16 43 49 75<br />
Net income applicable<br />
to common shareholders $ 935 $ 493 $ 3,378 $ 1,168<br />
4. Fourth Quarter and Year End 2001<br />
79. On February 7, 2002, WorldCom issued a Press Release announcing<br />
its fourth quarter and full year 2001 earnings. WorldCom represented that its<br />
fourth quarter consolidated revenues were $8.5 billion with $570 million in cash<br />
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COMPLAINT
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