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EXHIBIT 99.2
SELECTED FINANCIAL DATA.
The following table sets forth certain financial data for the years ended
December 31, 2000, 1999, 1998, 1997 and 1996. This information should be read in
conjunction with the consolidated financial statements and notes thereto
appearing elsewhere in this Form 8-K/A.
YEAR ENDED DECEMBER 31,
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2000 1999 1998 1997 1996
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(1) (2) (3) (4)
(IN MILLIONS)
Income statement data:
Operating revenues..................... $ 2,484.2 $1,537.1 $ 747.0 $ 491.8 $ 228.3
(Loss) before extraordinary item....... (2,388.1) (713.5) (503.9) (328.6) (254.5)
Net (loss)............................. (2,388.1) (716.5) (534.6) (333.1) (254.5)
AS OF DECEMBER 31, 2000
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2000 1999 1998 1997 1996
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(1) (2) (3) (4)
Working capital (deficiency).......... $ (937.2) $ 423.9 $ 600.5 $ (52.3) $ 242.1
Fixed assets, net..................... 10,916.8 5,348.4 3,854.4 1,757.0 1,459.5
Total assets.......................... 23,146.5 9,733.0 6,194.1 2,421.6 2,454.6
Long-term debt........................ 11,843.4 7,598.0 5,043.8 2,015.1 1,732.2
Redeemable preferred stock............ -- -- 124.1 108.5 --
Shareholder's equity (deficiency)..... 9,012.2 1,066.0 355.2 (61.7) 328.1
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(1) In May 2000, NTL Incorporated purchased ConsumerCo for an aggregate purchase
price of $13,111.0 million, including intangibles of $8,879.0 million.
ConsumerCo was subsequently acquired by the Company from NTL Incorporated.
The net assets and results of operations of ConsumerCo are included in the
consolidated financial statements from May 2000, the date of the
acquisition.
(2) In March 1999, the Company purchased Diamond Cable Communications plc
("Diamond") for an aggregate purchase price of $984.6 million, including
intangibles aggregating $1,323.0 million. In July 1999, the Company acquired
Cablelink Limited ("Cablelink") for an aggregate purchase price of $700.5
million, including intangibles of $669.6 million. In September 1999, NTL
Delaware acquired the shares of Workplace Technologies plc, for an aggregate
purchase price of $175.0 million, including intangibles of $176.9 million.
Workplace Technologies was subsequently acquired by the Company from NTL
Delaware. The net assets and results of operations of Diamond, Cablelink and
Workplace Technologies are included in the consolidated financial statements
from March 1999, July 1999 and September 1999, their respective dates of
acquisition.
(3) In June and September 1998, the Company purchased ComTel Limited and
Telecential Communications (collectively "Comtel") for an aggregate purchase
price of $969 million, including intangibles aggregating $224 million. In
October 1998, the Company purchased Comcast U.K. Cable Partners Limited
("Comcast U.K.") for an aggregate purchase price of $600 million, including
intangibles of $130 million. In December 1998, the Company purchased Eastern
Group Telecoms ("EGT") for an aggregate purchase price of $151 million,
including intangibles of $45 million. The net assets and results of
operations of ComTel, Comcast U.K. and EGT are included in the consolidated
financial statements from their respective dates of acquisition.
(4) In May 1996, the Company purchased NTL Group Limited for an aggregate
purchase price of $439 million, including goodwill of approximately $263
million. The net assets and results of operations of NTL Group Limited are
included in the consolidated financial statements from the date of the
acquisition.
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