Enron Corp. - University of California | Office of The President

Communications
Enron is developing a broadband services business, which includes the Enron
Intelligent Network ("EIN"), bandwidth intermediation and content services.
Enabled with a software control layer, the EIN provides a bandwidth-on-demand
platform to deliver data, applications and streaming rich media to the desktop. Enron
is minimizing capital deployed in the development of the EIN through strategic
alliances with industry technology leaders whose presence, customer access, market
share and content enable Enron to efficiently enter this new, emerging marketplace.
Enron is extending the market making and risk management skills from its energy
businesses to develop the bandwidth intermediation business. Content services
include premium broadband content delivery, such as video streaming, high capacity
data transport and video conferencing, that leverage off the EIN platform.
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ENRON HISTORICAL CONSOLIDATED FINANCIAL INFORMATION
The summary historical consolidated financial information of Enron as of and
for the fiscal years ended December 31, 1998, 1997 and 1996 has been derived from
the audited consolidated financial statements and related notes thereto of Enron, and
the summary historical consolidated financial information of Enron as of September
30, 1999 and for the nine-month periods ended September 30, 1999 and 1998 has
been derived from the unaudited interim consolidated financial statements of Enron.
The interim data reflect all adjustments that, in the opinion of the management of
Enron, are necessary to present such information fairly for the interim periods.
Income Statement Data:
SELECTED HISTORICAL CONSOLIDATED
FINANCIAL INFORMATION OF ENRON
Nine Months Ended
September 30, Year Ended December 31,
1999 1998 1998 1997 1996
(Unaudited)
(In millions of U.S. Dollars,
except per share amounts)
Revenues $29,139 $23,558 $31,260 $20,273 $13,289
Costs and Expenses
* * *
Total costs and expenses 28,557 22,558 29,882 20,258 12,599
Operating income 582 1,000 1,378 15 690
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