PENNZOIL-QUAKER STATE COMPANY FINANCIAL SUMMARY
 
(EXPRESSED IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
 
  2001 2000 1999
Revenues $ 2,314.7 $ 2,427.4 $ 2,327.3
Operating Income (Loss)      
   Lubricants $ 116.2 $ 140.0 $ 127.6
   Consumer Products $ (9.3) $ 29.9 $ 32.2
   International $ (27.8) $ 11.2 $ 11.9
   Jiffy Lube 24.2 23.6 (16.4)
   Supply Chain Investments 53.1 28.9 14.2
   Charges Related to Asset Disposal and Other (1) (4.1) (9.5) (10.6)
       Total Operating Income $ 152.3 $ 224.1 $ 158.9
Income (loss) from Continuing Operations $(10.5) $ 4.3 $ (11.3)
Discontinued Operations (2)      
   Loss from Operations, net of taxes $ --- $ (51.7) $ (300.4)
   Estimated Loss on Disposition, net of taxes (22.5) (40.4) ---
Loss before extraordinary item $ (33.0) $ (87.8) $ (311.7)
   Extraordinary Item (3) (0.9) --- ---
Net Loss $ (33.9) $ (87.8) $ (311.7)
Basic and Diluted Loss Per Common Share (4) $ (0.43) $ (1.12) $ (4.00)
Shareholders’Equity Per Common Share $ 9.60 $ 10.43 $ 12.28
Capital Expenditures $ 51.9 $ 78.5 $ 70.6
Total Shareholders’Equity $ 764.6 $ 821.0 $ 961.4
Total Assets $ 2,696.3 $ 2,801.1 $ 2,738.3
Total Debt $ 1,197.9 $ 1,275.8 $ 1,110.0

(1) The Company recorded pretax charges of $13.9 million in 1999 and $10.0 million in 2000 to reflect the impairment of its Rouseville blending and packaging plant related to its closure and the sale of two of the Company's blending and packaging plants.
(2) Includes operating income and losses from refineries and specialty industrial products businesses. See Note 2 and Note 14 of Notes to Consolidated Financial Statements for additional information.
(3) During the year ended December 31, 2001, the Company chose to purchase and retire $45.4 million face amount of indebtedness which resulted in an extraordinary charge of $0.9 million ($1.5 million pretax), or $0.01 per share. See Note 5 of Notes to Consolidated Financial Statements for additional information.
(4) See Note 2 of Notes to Consolidated Financial Statement for additional information.
 
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