Q2 2007 Earnings

Reported September 29, 2006

Quarter Comparison

Revenue

Operating Income

Net Margin

EPS (Diluted)

Metric	Q2 2007	Q1 2007	Q2 2006	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.6B	—	-2.0%
Op. Income	-$1.3B	—	$1.5B	—	-187.8%
Net Margin	15.6%	—	144.6%	—	-129.0pp
EPS (Diluted)	$1.66	—	$3.37	—	-50.8%

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$554M
SG&A Expenses	$0
Other Expenses	$2.6B
Operating Expenses	$2.6B
Cost & Expenses	$2.6B
OPERATING INCOME	-$1.3B
Interest Income	$185M
Interest Expense	$540M
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$0
Income Tax Expense	$0
Net Income from Continuing Ops	$359M
Net Income from Discontinued Ops	$0
Other Adjustments	$58M
NET INCOME	$401M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$401M
D&A	$0
EBIT	-$1.2B
EBITDA	-$1.2B
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$3.1B
Short-Term Investments	$1.1B
Net Receivables	$1.6B
Inventory	$222M
Other Current Assets	$436M
TOTAL CURRENT ASSETS	$6.5B
PP&E (Net)	$26.0B
Goodwill	$2.9B
Intangible Assets	$430M
Long-Term Investments	-$890M
Tax Assets	$76M
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$30.2B
TOTAL ASSETS	$36.7B
Account Payables	$2.3B
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$715M
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$18.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$5.9B
TOTAL NON-CURRENT LIABILITIES	$26.8B
TOTAL LIABILITIES	$32.2B
Common Stock	$418M
Additional Paid-In Capital	$1.8B
Retained Earnings	$9.1B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$6.9B
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$16M
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$36.7B
Total Debt	$18.1B
Net Debt	$15.0B