UNISYS CORPORATION
CONSOLIDATED STATEMENT OF INCOME
(Millions, except per share data)
Three Months Six Months
Ended June 30 Ended June 30
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1999 1998 1999 1998
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Revenue $1,886.4 $1,728.5 $3,698.8 $3,378.2
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Costs and expenses
Cost of revenue 1,227.9 1,145.6 2,377.7 2,236.1
Selling, general and
administrative 341.5 328.6 672.5 658.8
Research and development 81.2 70.0 158.4 142.9
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1,650.6 1,544.2 3,208.6 3,037.8
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Operating income 235.8 184.3 490.2 340.4
Interest expense 34.7 42.6 68.9 89.1
Other income
(expense), net (16.9) (0.9) (66.1) (12.5)
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Income before income tax 184.2 140.8 355.2 238.8
Estimated income taxes 64.5 50.7 124.3 86.0
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Net income 119.7 90.1 230.9 152.8
Dividends on preferred
shares 12.0 26.6 34.8 53.3
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Earnings on common share $107.7 $63.5 $196.1 $99.5
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Earnings per common share
Basic $ .40 $ .25 $ .73 $ .40
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Diluted $ .38 $ .24 $ .70 $ .38
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Shares used in the per share
computations (thousands):
Basic 272,558 251,134 266,850 249,704
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Diluted 282,941 266,473 278,934 264,497
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