Q4 2008 Earnings

Reported June 17, 2008

Quarter Comparison

Revenue

Operating Income

Net Margin

EPS (Diluted)

Metric	Q4 2008	Q3 2008	Q4 2007	QoQ Change	YoY Change
Revenue	$5.0B	—	$3.2B	—	56.8%
Op. Income	-$6.6B	—	-$10.8B	—	39.5%
Net Margin	11.1%	—	17.1%	—	-6.0pp
EPS (Diluted)	$6.74	—	$1.89	—	257.1%

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$9M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$5.0B
Operating Expenses	$5.0B
Cost & Expenses	$5.0B
OPERATING INCOME	-$6.6B
Interest Income	$185M
Interest Expense	$673M
Other Income/Expenses	$6.6B
INCOME BEFORE TAX	$0
Income Tax Expense	$0
Net Income from Continuing Ops	-$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$1.1B
NET INCOME	$550M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$550M
D&A	$0
EBIT	-$4.8B
EBITDA	-$4.8B
EPS	$7
EPS Diluted	$7

Balance Sheet

Item	Amount
Cash & Equivalents	$235M
Short-Term Investments	$3.4B
Net Receivables	$3.1B
Inventory	$613M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.4B
PP&E (Net)	$32.8B
Goodwill	$5.2B
Intangible Assets	$367M
Long-Term Investments	$1.8B
Tax Assets	$1.1B
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$43.6B
TOTAL ASSETS	$51.0B
Account Payables	$3.3B
Short-Term Debt	$5.2B
Deferred Revenue	$926M
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$9.6B
Long-Term Debt	$23.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.6B
Other Non-Current Liabilities	-$27.7B
TOTAL NON-CURRENT LIABILITIES	$34.1B
TOTAL LIABILITIES	$43.7B
Common Stock	$396M
Additional Paid-In Capital	$1.8B
Retained Earnings	$12.1B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$7.1B
TOTAL STOCKHOLDERS' EQUITY	$7.2B
Minority Interest	$24M
TOTAL EQUITY	$7.3B
TOTAL LIABILITIES & EQUITY	$50.9B
Total Debt	$23.1B
Net Debt	$22.8B