<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 11,262 <SECURITIES> 0 <RECEIVABLES> 51,926 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 70,420 <PP&E> 103,891 <DEPRECIATION> 16,837 <TOTAL-ASSETS> 1,396,048 <CURRENT-LIABILITIES> 27,530 <BONDS> 590,760 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 452 <OTHER-SE> 686,159 <TOTAL-LIABILITY-AND-EQUITY> 1,396,048 <SALES> 0 <TOTAL-REVENUES> 215,001 <CGS> 156,173 <TOTAL-COSTS> 156,173 <OTHER-EXPENSES> 8,100 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 13,027 <INCOME-PRETAX> 40,954 <INCOME-TAX> 100,913 <INCOME-CONTINUING> (59,959) <DISCONTINUED> 0 <EXTRAORDINARY> 918 <CHANGES> 0 <NET-INCOME> (60,877) <EPS-BASIC> (1.61) <EPS-DILUTED> (1.61)