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McLeodUSA, Inc. (MCLD) Message Board

  • centauri99_99 centauri99_99 Aug 1, 2001 6:05 PM Flag

    Briefing.com says "beats by 8 cents" !!

    <EOM>

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    • MCLEODUSA INCORPORATED AND SUBSIDIARIES
      CONSOLIDATED STATEMENT OF OPERATIONS
      (In thousands except for per share data)

      (UNAUDITED)

      Three Months Ended Six Months Ended
      ------------------ ----------------
      June 30 June 30
      ------- -------
      2001 2000 2001 2000
      ---- ---- ---- ----
      Revenues:
      Telecommunications $367,436 $246,157 $702,892 $443,468
      Local exchange services 21,554 20,507 42,912 42,116
      Directory 79,482 59,762 151,234 124,564
      Other 5,131 5,357 9,581 9,934
      --------- --------- --------- ---------
      Total revenues 473,603 331,783 906,619 620,082

      Operating expenses:
      Cost of service 274,066 196,367 520,114 344,426
      Selling, general and
      administrative 165,384 134,345 330,000 256,563
      Depreciation and
      amortization 162,270 102,561 304,228 163,193
      Restructuring expenses 28,152 -- 28,152 --
      --------- --------- --------- ---------
      Total operating
      expenses 629,872 433,273 1,182,494 764,182
      --------- --------- --------- ---------
      Operating loss (156,269) (101,490) (275,875) (144,100)
      Non-operating income
      (expense):
      Interest income 2,115 15,542 8,854 30,863
      Interest (expense) (57,945) (41,970) (114,626) (72,940)
      Gain on sale of Assets 80,413 -- 80,413 --
      Other 13 2,170 (3,613) 1,971
      --------- --------- --------- ---------
      Total non-operating
      income (expense) 24,596 (24,258) (28,972) (40,106)
      --------- --------- --------- ---------

      Loss before income
      taxes (131,673) (125,748) (304,847) (184,206)
      Income taxes -- -- -- --
      --------- --------- --------- ---------
      Net loss (131,673) (125,748) (304,847) (184,206)

      Preferred stock dividend (13,602) (13,602) (27,204) (27,204)
      --------- --------- --------- ---------

      Net loss applicable to
      common shares $(145,275) $(139,350) $(332,051) $(211,410)
      ========= ========= ========= =========

      Net loss per common share $(0.24) $(0.24) $(0.54) $(0.40)
      ========= ========= ========= =========