Download 2000 MD&A and Consolidated Financial Statements PDF (file size 258k)

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© 2001 ALLTEL Corporation

Download 2000 MD&A and Consolidated Financial Statements PDF (file size 258k)

For the years ended December 31,
 Increase/(Decrease)
(Millions, except per share amounts, customers in thousands)
2000 
1999 
Amount 
% 
1998 
FROM CURRENT BUSINESSES:
Revenues and Sales
Wireless
$3,332.6 
$2,902.2 
$430.4 
15 
$2,493.7 
Wireline
1,757.4 
1,677.5 
79.9 
5 
1,499.2 
Emerging businesses
399.7 
280.4 
119.3 
43 
167.3 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total communications
5,489.7 
4,860.1 
629.6 
13 
4,160.2 
Information services
1,279.9 
1,245.5 
34.4 
3 
1,161.8 
Other operations
634.2 
579.8 
54.4 
9 
601.3 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total business segments
7,403.8 
6,685.4 
718.4 
11 
5,923.3 
Less: intercompany eliminations
325.4 
224.0 
101.4 
45 
142.6 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total revenues and sales
$7,078.4 
$6,461.4 
$617.0 
10 
$5,780.7 
  EBITDA:  
Wireless
$1,317.2 
$1,237.8 
$79.4 
6 
$994.2 
Wireline
1,024.5 
942.8 
81.7 
9 
820.1 
Emerging businesses
10.1 
(19.9)
30.0 
151 
(23.8)
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total communications
2,351.8 
2,160.7 
191.1 
9 
1,790.5 
Information services
339.1 
319.4 
19.7 
6 
301.4 
Other operations
23.8 
22.8 
1.0 
4 
27.7 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total business segments
2,714.7 
2,502.9 
211.8 
8 
2,119.6 
Less: corporate expenses
21.9 
25.1 
(3.2)
(13)
12.1 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total EBITDA
$2,692.8 
$2,477.8 
215.0 
9 
$2,107.5 
Operating income (loss):
Wireless
$879.2 
$886.5 
$(7.3)
(1)
$674.6 
Wireline
679.3 
619.1 
60.2 
10 
530.6 
Emerging businesses
(23.9)
(47.3)
23.4 
49 
(38.0)
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total communications
1,534.6 
1,458.3 
76.3 
5 
1,167.2 
Information services
185.0 
175.3 
9.7 
6 
162.7 
Other operations
22.1 
21.6 
0.5 
2 
25.9 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total business segments
1,741.7 
1,655.2 
86.5 
5 
1,355.8 
Less: corporate expenses
37.3 
39.6 
(2.3)
(6)
22.9 
         
–––––––– 
–––––––– 
––––– 
–––––––– 
Total operating income
$1,704.4 
$1,615.6 
$88.8 
5 
$1,332.9 
Net income
$863.1 
$822.5 
$40.6 
5 
$660.1 
Basic earnings per share
$2.74 
$2.63 
$.11 
4 
$2.16 
Diluted earnings per share
$2.72 
$2.59 
$.13 
5 
$2.14 
AS REPORTED:
Revenues and sales
$7,067.0 
$6,461.4 
$605.6 
9 
$5,780.7 
Operating income
$1,667.5 
$1,525.1 
$142.4 
9 
$1,025.9 
Net income
$1,928.8 
$783.6 
$1,145.2 
146 
$603.1 
Basic earnings per share
$6.13 
$2.50 
$3.63 
145 
$1.97 
Diluted earnings per share
$6.08 
$2.47 
$3.61 
146 
$1.95 
EBITDA
$2,655.9 
$2,387.3 
$268.6 
11 
$1,800.5 
Weighted average common shares:
Basic
314.4 
312.8 
1.6 
1 
305.3 
Diluted
317.2 
316.8 
0.4 
— 
308.4 
Annual dividend per common share
$1.32 
$1.28 
$.04 
3 
$1.22 
CAPITAL EXPENDITURES
$1,164.7 
$1,006.5 
$158.2 
16 
$998.0 
AT YEAR END:
Total assets
$12,182.0 
$10,774.2 
$1,407.8
13 
$10,155.5 
Wireless customers
6,300.0 
5,018.6 
1,281.4
26 
4,452.0 
Wireline customers
2,572.3 
2,433.1 
139.2
6 
2,181.9 
    Long-distance customers
1,119.0 
894.2 
224.8
25 
576.5 
Current businesses excludes merger and integration expenses and other charges, provision to reduce carrying value of certain assets and gain on disposal of assets.
Emerging businesses includes long-distance, local competitive access, network management, Internet access and PCS operations.
EBITDA represents earnings before interest, taxes, depreciation and amortization.
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© 2001 ALLTEL Corporation