Profiles of Existing Government Corporations - US Government ...

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C!ORPORATION PROFILE
CQNSAT
GOVDNHZNT EQUITY LIMIT: None specified in enabling 1agiSlaticn.
TOTAL IRTERRST EXPRRSE: Not addressed in 1988 update.
INTEREST PAIDGO-: None
INTEREST PAID Wl?EPS: $11,196,000
(Excludes 529,109,OOO of capitalized interest.)
INTERESTRECEIVED: $5,091,000
NOTES :
a.When the number of shares held by the common carriers is less
than 45 percent but is equal to or greater than eight percent of
the total outstanding shares, the number of directors that they
may elect is specified in CONSAT~a legislation in a formula
designed to approximate their aggregate aharaholdings. In no
avant may the common carrier shareholders elect more than six
directors. Howover, vhen the shares they hold aggregate less
than sight percent of the total outstanding shares, they shall
vote with the other stockholders for the twelve directors.
b.--Coat of aatallitea lost is carried in the property accounts
leas insurance proceeds.
--Technical and information aarvice revenue recognized by
percentage-of-completion method.
--Research and development coats aro expensed as incurred.
--Consolidation includes the accounts of vholly owned
subsidiaries and its share of partnership investments (equity
method) .
c.Revenue includes operating revenues.
d-Expenses include total operating expenses.
e.Liabilitiaa include total current liabilities, long-term debt,
deferred income taxes, deferred investment tax credits, and
deferred revenue and other liabilities.
f.Total debt includes 7-3/4 percent convertible subordinated
debentures, 12-l/4 percent debentures, and 11-5/S percent
debentures.