Notes to financial statements

Note 19: Quarterly Results Of Operations (Unaudited)

The following is an unaudited summary of our quarterly results for the last three years.

(In thousands)

 1998

Second Quarter

Third Quarter

Fourth Quarter

First Quarter

Revenues

$2,324,192

$2,379,681

$2,211,257

$2,193,271

Income (loss) from continuing operations

194,678

(273,803)

67,693

100,780

Net income (loss)

194,678

(273,803)

67,693

100,780

Earnings per common share:

Basic:

(1,18)

0.27

0.41

0.82

Income (loss) from continuing operations

(1,18)

0.27

0.41

0.82

Net income (loss)

Diluted:

Income (loss) from continuing operations

0.76

(1,18)

0.27

0.40

Net Income (los)

0.76

(1,18)

0.27

0.40

1997

(In thousands)

Second Quarter

Third Quarter

Fourth Quarter

  First Quarter

Revenues

$2,402,251

$2,493,102

$2,324,290

$ 1,563,633

Income from continuing operations

237,168

288,942

215,172

255,760

Net income

169,418

288,942

215,172

255,760

Earnings per common share:

Basic:

1.02

1.25

0.92

1.09

Income from continuing operations

0.72

1.25

0.92

1.09

Net income

Diluted:

Income from continuing operations

0.94

1.15

0.86

1.01

Net Income

0.67

1.15

0.86

1.01

(In thousands)

 1996

  First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Revenues

$2,197,076

$2,222,329

$2,347,496

$2,464,636

Income from continuing operations

206,633

207,417

155,369

271,042

Net income

191,043

202,175

169,480

170,004

Earnings per common share:

Basic:

0,85

0.85

0.64

1.14

Income from continuing operations

0.78

0.83

0.70

0.70

Net Income

Diluted:

Income from continuing operations

0.79

0.80

0.60

1.06

Net Income

0.73

0.78

0.66

0.66