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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
--------- -------- ------- ------- -------
(1) (2) (3) (4)
(IN MILLIONS)
Income statement data:
Operating revenues..................... $ 2,840.8 $1,584.1 $ 747.0 $ 491.8 $ 228.3
(Loss) before extraordinary item....... (2,967.0) (732.7) (503.9) (328.6) (254.5)
Net (loss)............................. (2,967.0) (735.7) (534.6) (333.1) (254.5)
AS OF DECEMBER 31,
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2000 1999 1998 1997 1996
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(1) (2) (3) (4)
Working (deficiency) capital......... $ (876.0) $ 2,261.4 $ 600.5 $ (52.3) $ 242.1
Fixed assets, net.................... 12,693.0 5,597.7 3,854.4 1,757.0 1,459.5
Total assets......................... 28,327.2 12,211.6 6,194.1 2,421.6 2,454.6
Long-term debt....................... 15,044.1 8,798.0 5,043.8 2,015.1 1,732.2
Redeemable preferred stock........... -- 141.8 124.1 108.5 --
Shareholder's equity (deficiency).... 10,392.3 2,136.9 355.2 (61.7) 328.1
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(1) In March 2000, the Company purchased Cablecom for an aggregate purchase
price of $3,528.7 million, including intangibles of $2,355.3 million. 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 a subsidiary of the Company from NTL
Incorporated. The net assets and results of operations of Cablecom and
ConsumerCo are included in the consolidated financial statements from March
2000 and May 2000, their respective dates of acquisition.
(2) In March 1999, the Company purchased Diamond for an aggregate purchase price
of $984.6 million, including intangibles aggregating $1,323.0 million. In
April 1999, the Company purchased the Australian National Transmission
Network for an aggregate purchase price of $425.8 million, including
intangibles of $220.6 million. In July 1999, the Company acquired Cablelink
for an aggregate purchase price of $700.5 million, including intangibles of
$669.6 million. In August and December 1999, the Company acquired the 1G
Networks of France Telecom for an aggregate purchase price of $61.9 million,
including intangibles of $64.7 million. In September 1999, the Company
acquired the shares of Workplace Technologies plc, for an aggregate purchase
price of $175.0 million, including intangibles of $176.9 million. The net
assets and results of operations of Diamond, the Australia National
Transmission Network, Cablelink, the 1G Networks and Workplace Technologies
are included in the consolidated financial statements from their respective
dates of acquisition.
(3) In June and September 1998, the Company purchased ComTel for an aggregate
purchase price of $969 million, including intangibles aggregating $224
million. In October 1998, the Company purchased Comcast U.K. for an
aggregate purchase price of $600 million, including intangibles of $130
million. In December 1998, the Company purchased 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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