Q4 2007 Earnings

Reported June 19, 2007

Quarter Comparison

Revenue

Operating Income

Net Margin

EPS (Diluted)

Metric	Q4 2007	Q3 2007	Q4 2006	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.5B	—	-9.5%
Op. Income	-$10.8B	—	-$11.8B	—	7.8%
Net Margin	17.1%	—	13.4%	—	3.7pp
EPS (Diluted)	$1.89	—	$0.80	—	137.3%

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$554M
SG&A Expenses	$0
Other Expenses	$3.2B
Operating Expenses	$3.2B
Cost & Expenses	$3.2B
OPERATING INCOME	-$10.8B
Interest Income	$185M
Interest Expense	$540M
Other Income/Expenses	$10.8B
INCOME BEFORE TAX	$0
Income Tax Expense	$0
Net Income from Continuing Ops	$425M
Net Income from Discontinued Ops	$0
Other Adjustments	$58M
NET INCOME	$541M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$541M
D&A	$0
EBIT	-$10.8B
EBITDA	-$10.8B
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$2.4B
Net Receivables	$2.4B
Inventory	$143M
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$7.2B
PP&E (Net)	$25.5B
Goodwill	$2.0B
Intangible Assets	$194M
Long-Term Investments	-$2.4B
Tax Assets	$2.4B
Other Non-Current Assets	$3.4B
TOTAL NON-CURRENT ASSETS	$31.1B
TOTAL ASSETS	$38.3B
Account Payables	$2.5B
Short-Term Debt	$1.4B
Deferred Revenue	$312M
Other Current Liabilities	$331M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$19.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.2B
Other Non-Current Liabilities	$5.1B
TOTAL NON-CURRENT LIABILITIES	$28.2B
TOTAL LIABILITIES	$32.7B
Common Stock	$415M
Additional Paid-In Capital	$1.8B
Retained Earnings	$10.3B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$6.9B
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$15M
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$38.3B
Total Debt	$19.8B
Net Debt	$17.7B