1 EXHIBIT 99.5 QUARTERLY RESULTS OF OPERATIONS The following is a summary of the quarterly results of operations for the years ended December 31, 2000 and 1999. 2000 -------------------------------------------------- THREE MONTHS ENDED -------------------------------------------------- MARCH 31 JUNE 30 SEPTEMBER 30 DECEMBER 31 -------- ------- ------------ ----------- (IN MILLIONS) Revenues...................................... $ 470.9 $ 553.6 $ 717.7 $ 742.0 Operating (loss).............................. (173.2) (269.0) (453.4) (629.6) Net (loss).................................... (336.7) (526.1) (658.2) (867.1) 1999 ----------------------------------------------------- THREE MONTHS ENDED ----------------------------------------------------- MARCH 31 JUNE 30 SEPTEMBER 30 DECEMBER 31(1) -------- ------- ------------ -------------- Revenues.................................... $ 313.4 $ 350.1 $ 400.3 $ 473.3 Operating (loss)............................ (121.2) (166.3) (141.1) (182.4) (Loss) income before extraordinary item..... (230.4) (346.5) (287.4) 150.8 Net (loss) income........................... (230.4) (346.5) (287.4) 147.8 - --------------- (1) In November 1999, the Company sold its investment in Cable London for cash of approximately $692.5 million and recognized a gain of $493.1 million. 1