1
Exhibit 99.2
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended
March 31
1997 1996 % Change
---- ---- --------
TV
Sales 177 188 -5.9%
Operating Profit (Loss) 56 54 3.7%
Depreciation & Amortization 11 14 -21.4%
Capital Expenditures 2 3 -33.3%
EBITDA 67 68 -1.5%
NETWORK
Sales 804 773 4.0%
Operating Profit (Loss) (64) (8) -700.0%
Depreciation & Amortization 16 11 45.5%
Capital Expenditures 9 14 -35.7%
EBITDA (48) 3 -1700.0%
RADIO
Sales 313 121 158.7%
Operating Profit (Loss) 47 20 135.0%
Depreciation & Amortization 44 10 340.0%
Capital Expenditures 3 1 200.0%
EBITDA 91 30 203.3%
CABLE
Sales 49 42 16.7%
Operating Profit (Loss) - 12 -100.0%
Depreciation & Amortization 3 2 50.0%
Capital Expenditures 6 1 500.0%
EBITDA 3 14 -78.6%
CORPORATE & OTHER
Sales (17) (7) -142.9%
Operating Profit (Loss) (93) (150) 38.0%
OP (Loss) without Special Items (93) (74) -25.7%
Depreciation & Amortization 31 30 3.3%
Capital Expenditures 1 2 -50.0%
EBITDA (62) (120) 48.3%
TOTAL CONTINUING OPERATIONS
Sales 1,326 1,117 18.7%
Operating Profit (Loss) (54) (72) 25.0%
OP (Loss) without Special Items (54) 4 -1450.0%
Depreciation & Amortization 105 67 56.7%
Capital Expenditures 21 21 -
EBITDA 51 (5) 1120.0%
2
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended
March 31
1997 1996 % Change
---- ---- --------
WELCO:
ENERGY SYSTEMS
Orders 246 322 -23.6%
Backlog 2,935 3,189 -8.0%
Sales 187 231 -19.0%
Operating Profit (Loss) (60) (26) -130.8%
OP (Loss) without Special Items (60) (5) -1100.0%
OP Margin w/o Special Items -32.1% -2.2% N/A
Depreciation & Amortization 12 12 -
Capital Expenditures 4 7 -42.9%
POWER GENERATION
Orders 219 488 -55.1%
Backlog 2,546 3,172 -19.7%
Sales 474 433 9.5%
Operating Profit (Loss) (39) (117) 66.7%
OP (Loss) without Special Items (39) (62) 37.1%
OP Margin w/o Special Items -8.2% -14.3% N/A
Depreciation & Amortization 10 14 -28.6%
Capital Expenditures 11 6 83.3%
OTHER POWER SYSTEMS
Orders (8) (103) 92.2%
Backlog (539) (659) 18.2%
Sales (51) (50) -2.0%
Operating Profit (Loss) (17) (306) 94.4%
OP (Loss) without Special Items (17) (17) -
OP Margin w/o Special Items 33.3% 34.0% N/A
Depreciation & Amortization - - N/A
Capital Expenditures - - N/A
TOTAL POWER SYSTEMS
Orders 457 707 -35.4%
Backlog 4,942 5,702 -13.3%
Sales 610 614 -0.7%
Operating Profit (Loss) (116) (449) 74.2%
OP (Loss) without Special Items (116) (84) -38.1%
OP Margin w/o Special Items -19.0% -13.7% N/A
Depreciation & Amortization 22 26 -15.4%
Capital Expenditures 15 13 15.4%
GOVERNMENT OPERATIONS
Orders 5 1 400.0%
Backlog 16 31 -48.4%
Sales 23 25 -8.0%
Operating Profit (Loss) 10 18 -44.4%
OP (Loss) without Special Items 10 18 -44.4%
OP Margin w/o Special Items 43.5% 72.0% N/A
Depreciation & Amortization - - N/A
Capital Expenditures - 1 -100.0%
3
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended
March 31
1997 1996 % Change
---- ---- --------
CORPORATE & OTHER
Orders 12 36 -66.7%
Backlog 22 39 -43.6%
Sales 17 31 -45.2%
Operating Profit (Loss) (17) (248) 93.1%
OP (Loss) without Special Items (17) (35) 51.4%
OP Margin w/o Special Items -100.0% -112.9% N/A
Depreciation & Amortization 2 7 -71.4%
Capital Expenditures (1) 1 -200.0%
TOTAL WELCO
Orders 474 744 -36.3%
Backlog 4,980 5,772 -13.7%
Sales 650 670 -3.0%
Operating Profit (Loss) (123) (679) 81.9%
OP (Loss) without Special Items (123) (101) -21.8%
OP Margin w/o Special Items -18.9% -15.1% N/A
Depreciation & Amortization 24 33 -27.3%
Capital Expenditures 14 15 -6.7%
THERMO KING
Orders 298 282 5.7%
Backlog 183 203 -9.9%
Sales 247 252 -2.0%
Operating Profit (Loss) 47 46 2.2%
OP (Loss) without Special Items 47 46 2.2%
OP Margin w/o Special Items 19.0% 18.3% N/A
Depreciation & Amortization 4 3 33.3%
Capital Expenditures 5 4 25.0%
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.
4
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Six Months Ended
June 30 June 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
TV
Sales 213 226 -5.8% 390 414 -5.8%
Operating Profit (Loss) 87 90 -3.3% 143 144 -0.7%
Depreciation & Amortization 12 11 9.1% 23 25 -8.0%
Capital Expenditures 5 3 66.7% 7 6 16.7%
EBITDA 99 101 -2.0% 166 169 -1.8%
NETWORK
Sales 645 688 -6.3% 1,449 1,461 -0.8%
Operating Profit (Loss) (23) 78 -129.5% (87) 70 -224.3%
Depreciation & Amortization 15 20 -25.0% 31 31 -
Capital Expenditures 7 1 600.0% 16 15 6.7%
EBITDA (8) 98 -108.2% (56) 101 -155.4%
RADIO
Sales 378 145 160.7% 691 266 159.8%
Operating Profit (Loss) 113 47 140.4% 160 67 138.8%
Depreciation & Amortization 44 8 450.0% 88 18 388.9%
Capital Expenditures 3 1 200.0% 6 2 200.0%
EBITDA 157 55 185.5% 248 85 191.8%
CABLE
Sales 63 51 23.5% 112 93 20.4%
Operating Profit (Loss) 3 17 -82.4% 3 29 -89.7%
Depreciation & Amortization 3 2 50.0% 6 4 50.0%
Capital Expenditures 2 1 100.0% 8 2 300.0%
EBITDA 6 19 -68.4% 9 33 -72.7%
CORPORATE & OTHER
Sales (16) (10) -60.0% (33) (17) -94.1%
Operating Profit (Loss) (76) (95) 20.0% (169) (245) 31.0%
OP (Loss) without Special Items (76) (95) 20.0% (169) (169) -
Depreciation & Amortization 31 34 -8.8% 62 64 -3.1%
Capital Expenditures 1 10 -90.0% 2 12 -83.3%
EBITDA (45) (61) 26.2% (107) (181) 40.9%
TOTAL CONTINUING OPERATIONS
Sales 1,283 1,100 16.6% 2,609 2,217 17.7%
Operating Profit (Loss) 104 137 -24.1% 50 65 -23.1%
OP (Loss) without Special Items 104 137 -24.1% 50 141 -64.5%
Depreciation & Amortization 105 75 40.0% 210 142 47.9%
Capital Expenditures 18 16 12.5% 39 37 5.4%
EBITDA 209 212 -1.4% 260 207 25.6%
5
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Six Months Ended
June 30 June 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
WELCO:
ENERGY SYSTEMS
Orders 229 337 -32.0% 475 659 -27.9%
Backlog 2,966 3,217 -7.8% 2,966 3,217 -7.8%
Sales 309 304 1.6% 496 535 -7.3%
Operating Profit (Loss) 17 2 750.0% (43) (24) -79.2%
OP (Loss) without Special Items 17 13 30.8% (43) 8 -637.5%
OP Margin w/o Special Items 5.5% 4.3% N/A -8.7% 1.5% N/A
Depreciation & Amortization 11 12 -8.3% 23 24 -4.2%
Capital Expenditures 6 7 -14.3% 10 14 -28.6%
POWER GENERATION
Orders 629 699 -10.0% 848 1,187 -28.6%
Backlog 2,586 3,419 -24.4% 2,586 3,419 -24.4%
Sales 585 465 25.8% 1,059 898 17.9%
Operating Profit (Loss) (2) (20) 90.0% (41) (137) 70.1%
OP (Loss) without Special Items (2) (20) 90.0% (41) (82) 50.0%
OP Margin w/o Special Items -0.3% -4.3% N/A -3.9% -9.1% N/A
Depreciation & Amortization 11 9 22.2% 21 23 -8.7%
Capital Expenditures 9 6 50.0% 20 12 66.7%
OTHER POWER SYSTEMS
Orders (23) (11) -109.1% (31) (114) 72.8%
Backlog (492) (636) 22.6% (492) (636) 22.6%
Sales (56) (37) -51.4% (107) (87) -23.0%
Operating Profit (Loss) (14) (17) 17.6% (31) (323) 90.4%
OP (Loss) without Special Items (14) (17) 17.6% (31) (34) 8.8%
OP Margin w/o Special Items 25.0% 45.9% N/A 29.0% 39.1% N/A
Depreciation & Amortization - - N/A - - N/A
Capital Expenditures - - N/A - - N/A
TOTAL POWER SYSTEMS
Orders 835 1,025 -18.5% 1,292 1,732 -25.4%
Backlog 5,060 6,000 -15.7% 5,060 6,000 -15.7%
Sales 838 732 14.5% 1,448 1,346 7.6%
Operating Profit (Loss) 1 (35) 102.9% (115) (484) 76.2%
OP (Loss) without Special Items 1 (24) 104.2% (115) (108) -6.5%
OP Margin w/o Special Items 0.1% -3.3% N/A -7.9% -8.0% N/A
Depreciation & Amortization 22 21 4.8% 44 47 -6.4%
Capital Expenditures 15 13 15.4% 30 26 15.4%
GOVERNMENT OPERATIONS
Orders 1 1 - 6 2 200.0%
Backlog 14 23 -39.1% 14 23 -39.1%
Sales 24 26 -7.7% 47 51 -7.8%
Operating Profit (Loss) 19 13 46.2% 29 31 -6.5%
OP (Loss) without Special Items 19 13 46.2% 29 31 -6.5%
OP Margin w/o Special Items 79.2% 50.0% N/A 61.7% 60.8% N/A
Depreciation & Amortization 1 2 -50.0% 1 2 -50.0%
Capital Expenditures 1 1 - 1 2 -50.0%
6
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Six Months Ended
June 30 June 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
CORPORATE & OTHER
Orders 4 29 -86.2% 16 65 -75.4%
Backlog 15 44 -65.9% 15 44 -65.9%
Sales 9 30 -70.0% 26 61 -57.4%
Operating Profit (Loss) (29) (193) 85.0% (46) (441) 89.6%
OP (Loss) without Special Items (29) (29) - (46) (64) 28.1%
OP Margin w/o Special Items -322.2% -96.7% N/A -176.9% -104.9% N/A
Depreciation & Amortization 4 5 -20.0% 6 12 -50.0%
Capital Expenditures 2 2 - 1 3 -66.7%
TOTAL WELCO
Orders 840 1,055 -20.4% 1,314 1,799 -27.0%
Backlog 5,089 6,067 -16.1% 5,089 6,067 -16.1%
Sales 871 788 10.5% 1,521 1,458 4.3%
Operating Profit (Loss) (9) (215) 95.8% (132) (894) 85.2%
OP (Loss) without Special Items (9) (40) 77.5% (132) (141) 6.4%
OP Margin w/o Special Items -1.0% -5.1% N/A -8.7% -9.7% N/A
Depreciation & Amortization 27 28 -3.6% 51 61 -16.4%
Capital Expenditures 18 16 12.5% 32 31 3.2%
THERMO KING
Orders 268 239 12.1% 566 521 8.6%
Backlog 163 156 4.5% 163 156 4.5%
Sales 259 261 -0.8% 506 513 -1.4%
Operating Profit (Loss) 51 47 8.5% 98 93 5.4%
OP (Loss) without Special Items 51 47 8.5% 98 93 5.4%
OP Margin w/o Special Items 19.7% 18.0% N/A 19.4% 18.1% N/A
Depreciation & Amortization 4 3 33.3% 8 6 33.3%
Capital Expenditures 5 3 66.7% 10 7 42.9%
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.
7
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
TV
Sales 195 169 15.4% 585 583 0.3%
Operating Profit (Loss) 67 47 42.6% 210 191 9.9%
Depreciation & Amortization 11 11 - 34 36 -5.6%
Capital Expenditures 7 3 133.3% 14 9 55.6%
EBITDA 78 58 34.5% 244 227 7.5%
NETWORK
Sales 672 560 20.0% 2,121 2,021 4.9%
Operating Profit (Loss) 30 17 76.5% (57) 87 -165.5%
Depreciation & Amortization 17 16 6.3% 48 47 2.1%
Capital Expenditures 18 10 80.0% 34 25 36.0%
EBITDA 47 33 42.4% (9) 134 -106.7%
RADIO
Sales 374 136 175.0% 1,065 402 164.9%
Operating Profit (Loss) 102 42 142.9% 262 109 140.4%
Depreciation & Amortization 45 8 462.5% 133 26 411.5%
Capital Expenditures 4 2 100.0% 10 4 150.0%
EBITDA 147 50 194.0% 395 135 192.6%
CABLE
Sales 58 50 16.0% 170 143 18.9%
Operating Profit (Loss) (1) 10 -110.0% 2 39 -94.9%
Depreciation & Amortization 3 2 50.0% 9 6 50.0%
Capital Expenditures 2 4 -50.0% 10 6 66.7%
EBITDA 2 12 -83.3% 11 45 -75.6%
CORPORATE & OTHER
Sales (16) (5) -220.0% (49) (22) -122.7%
Operating Profit (Loss) (95) (76) -25.0% (264) (321) 17.8%
OP (Loss) without Special Items (95) (76) -25.0% (264) (245) -7.8%
Depreciation & Amortization 31 31 - 93 95 -2.1%
Capital Expenditures 2 1 100.0% 4 13 -69.2%
EBITDA (64) (45) -42.2% (171) (226) 24.3%
TOTAL CONTINUING OPERATIONS
Sales 1,283 910 41.0% 3,892 3,127 24.5%
Operating Profit (Loss) 103 40 157.5% 153 105 45.7%
OP (Loss) without Special Items 103 40 157.5% 153 181 -15.5%
Depreciation & Amortization 107 68 57.4% 317 210 51.0%
Capital Expenditures 33 20 65.0% 72 57 26.3%
EBITDA 210 108 94.4% 470 315 49.2%
8
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
WELCO:
ENERGY SYSTEMS
Orders 312 279 11.8% 787 938 -16.1%
Backlog 2,697 3,292 -18.1% 2,697 3,292 -18.1%
Sales 265 280 -5.4% 761 815 -6.6%
Operating Profit (Loss) 7 15 -53.3% (36) (9) -300.0%
OP (Loss) without Special Items 7 15 -53.3% (36) 23 -256.5%
OP Margin w/o Special Items 2.6% 5.4% N/A -4.7% 2.8% N/A
Depreciation & Amortization 13 9 44.4% 36 33 9.1%
Capital Expenditures 4 5 -20.0% 14 19 -26.3%
POWER GENERATION
Orders 204 538 -62.1% 1,052 1,725 -39.0%
Backlog 2,354 2,957 -20.4% 2,354 2,957 -20.4%
Sales 405 527 -23.1% 1,464 1,425 2.7%
Operating Profit (Loss) (232) 5 -4740.0% (273) (132) -106.8%
OP (Loss) without Special Items (232) 5 -4740.0% (273) (77) -254.5%
OP Margin w/o Special Items -57.3% 0.9% N/A -18.6% -5.4% N/A
Depreciation & Amortization 11 5 120.0% 32 28 14.3%
Capital Expenditures 8 20 -60.0% 28 32 -12.5%
OTHER POWER SYSTEMS
Orders (48) (8) -500.0% (79) (122) 35.2%
Backlog (533) (445) -19.8% (533) (445) -19.8%
Sales (48) (38) -26.3% (155) (125) -24.0%
Operating Profit (Loss) (21) (20) -5.0% (52) (343) 84.8%
OP (Loss) without Special Items (21) (20) -5.0% (52) (54) 3.7%
OP Margin w/o Special Items 43.8% 52.6% N/A 33.5% 43.2% N/A
Depreciation & Amortization - - N/A - - N/A
Capital Expenditures - - N/A - - N/A
TOTAL POWER SYSTEMS
Orders 468 809 -42.2% 1,760 2,541 -30.7%
Backlog 4,518 5,804 -22.2% 4,518 5,804 -22.2%
Sales 622 769 -19.1% 2,070 2,115 -2.1%
Operating Profit (Loss) (246) - N/A (361) (484) 25.4%
OP (Loss) without Special Items (246) - N/A (361) (108) -234.3%
OP Margin w/o Special Items -39.5% - N/A -17.4% -5.1% N/A
Depreciation & Amortization 24 14 71.4% 68 61 11.5%
Capital Expenditures 12 25 -52.0% 42 51 -17.6%
GOVERNMENT OPERATIONS
Orders 18 1 1700.0% 24 3 700.0%
Backlog 25 22 13.6% 25 22 13.6%
Sales 25 27 -7.4% 72 78 -7.7%
Operating Profit (Loss) 13 18 -27.8% 42 49 -14.3%
OP (Loss) without Special Items 13 18 -27.8% 42 49 -14.3%
OP Margin w/o Special Items 52.0% 66.7% N/A 58.3% 62.8% N/A
Depreciation & Amortization - 1 -100.0% 1 3 -66.7%
Capital Expenditures - - N/A 1 2 -50.0%
9
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
1997 1996 % Change 1997 1996 % Change
---- ---- -------- ---- ---- --------
CORPORATE & OTHER
Orders 18 12 50.0% 34 77 -55.8%
Backlog 17 21 -19.0% 17 21 -19.0%
Sales 13 28 -53.6% 39 89 -56.2%
Operating Profit (Loss) (21) (17) -23.5% (67) (458) 85.4%
OP (Loss) without Special Items (21) (17) -23.5% (67) (81) 17.3%
OP Margin w/o Special Items -161.5% -60.7% N/A -171.8% -91.0% N/A
Depreciation & Amortization 5 4 25.0% 11 16 -31.3%
Capital Expenditures (1) 1 -200.0% - 4 -100.0%
TOTAL WELCO
Orders 504 822 -38.7% 1,818 2,621 -30.6%
Backlog 4,560 5,847 -22.0% 4,560 5,847 -22.0%
Sales 660 824 -19.9% 2,181 2,282 -4.4%
Operating Profit (Loss) (254) 1 -25500.0% (386) (893) 56.8%
OP (Loss) without Special Items (254) 1 -25500.0% (386) (140) -175.7%
OP Margin w/o Special Items -38.5% 0.1% N/A -17.7% -6.1% N/A
Depreciation & Amortization 29 19 52.6% 80 80 -
Capital Expenditures 11 26 -57.7% 43 57 -24.6%
THERMO KING
Orders 264 210 25.7% 830 731 13.5%
Backlog 180 121 48.8% 180 121 48.8%
Sales 262 234 12.0% 768 747 2.8%
Operating Profit (Loss) 53 49 8.2% 151 142 6.3%
OP (Loss) without Special Items 53 49 8.2% 151 142 6.3%
OP Margin w/o Special Items 20.2% 20.9% N/A 19.7% 19.0% N/A
Depreciation & Amortization 3 3 - 11 9 22.2%
Capital Expenditures 6 3 100.0% 16 10 60.0%
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.
10
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
December 31 December 31
1996 1996
---- ----
TV
Sales 226 809
Operating Profit (Loss) 104 295
Depreciation & Amortization 9 45
Capital Expenditures 18 27
EBITDA 113 340
NETWORK
Sales 596 2,617
Operating Profit (Loss) (96) (9)
Depreciation & Amortization 16 63
Capital Expenditures 9 34
EBITDA (80) 54
RADIO
Sales 152 554
Operating Profit (Loss) 52 161
Depreciation & Amortization 10 36
Capital Expenditures 2 6
EBITDA 62 197
CABLE
Sales 48 191
Operating Profit (Loss) 1 40
Depreciation & Amortization 2 8
Capital Expenditures 3 9
EBITDA 3 48
CORPORATE & OTHER
Sales (6) (28)
Operating Profit (Loss) (112) (433)
OP (Loss) without Special Items (103) (348)
Depreciation & Amortization 32 127
Capital Expenditures 4 17
EBITDA (80) (306)
TOTAL CONTINUING OPERATIONS
Sales 1,016 4,143
Operating Profit (Loss) (51) 54
OP (Loss) without Special Items (42) 139
Depreciation & Amortization 69 279
Capital Expenditures 36 93
EBITDA 18 333
11
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
December 31 December 31
1996 1996
---- ----
WELCO:
ENERGY SYSTEMS
Orders 235 1,173
Backlog 3,207 3,207
Sales 419 1,234
Operating Profit (Loss) (21) (30)
OP (Loss) without Special Items 71 94
OP Margin w/o Special Items 16.9% 7.6%
Depreciation & Amortization 14 47
Capital Expenditures 15 34
POWER GENERATION
Orders 775 2,500
Backlog 2,792 2,792
Sales 747 2,172
Operating Profit (Loss) 57 (75)
OP (Loss) without Special Items 75 (2)
OP Margin w/o Special Items 10.0% -0.1%
Depreciation & Amortization 18 46
Capital Expenditures 6 38
OTHER POWER SYSTEMS
Orders (5) (127)
Backlog (585) (585)
Sales (47) (172)
Operating Profit (Loss) (19) (362)
OP (Loss) without Special Items (19) (73)
OP Margin w/o Special Items 40.4% 42.4%
Depreciation & Amortization - -
Capital Expenditures - -
TOTAL POWER SYSTEMS
Orders 1,005 3,546
Backlog 5,414 5,414
Sales 1,119 3,234
Operating Profit (Loss) 17 (467)
OP (Loss) without Special Items 127 19
OP Margin w/o Special Items 11.3% 0.6%
Depreciation & Amortization 32 93
Capital Expenditures 21 72
GOVERNMENT OPERATIONS
Orders 2 5
Backlog 16 16
Sales 43 121
Operating Profit (Loss) 14 63
OP (Loss) without Special Items 22 71
OP Margin w/o Special Items 51.2% 58.7%
Depreciation & Amortization - 3
Capital Expenditures - 2
12
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
December 31 December 31
1996 1996
---- ----
CORPORATE & OTHER
Orders (8) 69
Backlog 34 34
Sales 23 112
Operating Profit (Loss) (27) (485)
OP (Loss) without Special Items (10) (91)
OP Margin w/o Special Items -43.5% -81.3%
Depreciation & Amortization 3 19
Capital Expenditures (2) 2
TOTAL WELCO
Orders 999 3,620
Backlog 5,464 5,464
Sales 1,185 3,467
Operating Profit (Loss) 4 (889)
OP (Loss) without Special Items 139 (1)
OP Margin w/o Special Items 11.7% 0.0%
Depreciation & Amortization 35 115
Capital Expenditures 19 76
THERMO KING
Orders 257 988
Backlog 127 127
Sales 249 996
Operating Profit (Loss) 45 187
OP (Loss) without Special Items 51 193
OP Margin w/o Special Items 20.5% 19.4%
Depreciation & Amortization 4 13
Capital Expenditures 11 21
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.
13
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
Mar. 31 June 30 Sep. 30 Dec. 31 December 31
1995 1995 1995 1995 1995
---- ---- ---- ---- ----
TV
Sales 74 90 82 159 405
Operating Profit (Loss) 26 42 26 55 149
Depreciation & Amortization 3 2 4 9 18
Capital Expenditures - 3 2 6 11
EBITDA 29 44 30 64 167
NETWORK
Sales 5 5 4 238 252
Operating Profit (Loss) (8) (8) (6) 4 (18)
Depreciation & Amortization - - - 5 5
Capital Expenditures - - - 1 1
EBITDA (8) (8) (6) 9 (13)
RADIO
Sales 43 50 42 81 216
Operating Profit (Loss) 7 16 12 20 55
Depreciation & Amortization 4 4 4 4 16
Capital Expenditures 1 1 3 4 9
EBITDA 11 20 16 24 71
CABLE
Sales 30 38 37 38 143
Operating Profit (Loss) 8 13 12 7 40
Depreciation & Amortization 1 1 2 2 6
Capital Expenditures 1 2 3 3 9
EBITDA 9 14 14 9 46
CORPORATE & OTHER
Sales 24 34 - - 58
Operating Profit (Loss) (1) (12) (48) (5) (66)
OP (Loss) without Special Items (1) (12) (23) (5) (41)
Depreciation & Amortization 1 1 - 10 12
Capital Expenditures - - - 2 2
EBITDA - (11) (48) 5 (54)
TOTAL CONTINUING OPERATIONS
Sales 176 217 165 516 1,074
Operating Profit (Loss) 32 51 (4) 81 160
OP (Loss) without Special Items 32 51 21 81 185
Depreciation & Amortization 9 8 10 30 57
Capital Expenditures 2 6 8 16 32
EBITDA 41 59 6 111 217
14
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
Mar. 31 June 30 Sep. 30 Dec. 31 December 31
1995 1995 1995 1995 1995
---- ---- ---- ---- ----
WELCO:
ENERGY SYSTEMS
Orders 377 281 240 333 1,231
Backlog 3,397 3,376 3,309 3,203 3,203
Sales 284 332 306 447 1,369
Operating Profit (Loss) 6 27 13 68 114
OP (Loss) without Special Items 6 33 14 77 130
OP Margin w/o Special Items 2.1% 9.9% 4.6% 17.2% 9.5%
Depreciation & Amortization 13 12 14 10 49
Capital Expenditures 5 8 7 17 37
POWER GENERATION
Orders 579 358 621 842 2,400
Backlog 3,056 2,968 2,983 3,262 3,262
Sales 310 433 384 591 1,718
Operating Profit (Loss) (43) (17) (32) 35 (57)
OP (Loss) without Special Items (43) (17) (4) 35 (29)
OP Margin w/o Special Items -13.9% -3.9% -1.0% 5.9% -1.7%
Depreciation & Amortization 11 12 11 10 44
Capital Expenditures 4 14 11 35 64
OTHER POWER SYSTEMS
Orders (4) (9) (4) (62) (79)
Backlog (621) (606) (583) (610) (610)
Sales (37) (28) (34) (39) (138)
Operating Profit (Loss) (14) (17) (61) (213) (305)
OP (Loss) without Special Items (14) (17) (16) (22) (69)
OP Margin w/o Special Items 37.8% 60.7% 47.1% 56.4% 50.0%
Depreciation & Amortization - - - - -
Capital Expenditures - - - - -
TOTAL POWER SYSTEMS
Orders 952 630 857 1,113 3,552
Backlog 5,832 5,738 5,709 5,855 5,855
Sales 557 737 656 999 2,949
Operating Profit (Loss) (51) (7) (80) (110) (248)
OP (Loss) without Special Items (51) (1) (6) 90 32
OP Margin w/o Special Items -9.2% -0.1% -0.9% 9.0% 1.1%
Depreciation & Amortization 24 24 25 20 93
Capital Expenditures 9 22 18 52 101
GOVERNMENT OPERATIONS
Orders 5 7 4 3 19
Backlog 67 61 57 39 39
Sales 27 34 38 56 155
Operating Profit (Loss) 15 19 25 22 81
OP (Loss) without Special Items 15 19 25 22 81
OP Margin w/o Special Items 55.6% 55.9% 65.8% 39.3% 52.3%
Depreciation & Amortization - - 1 - 1
Capital Expenditures - 1 - 1 2
15
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Three Months Ended Total Year
Mar. 31 June 30 Sep. 30 Dec. 31 December 31
1995 1995 1995 1995 1995
---- ---- ---- ---- ----
CORPORATE & OTHER
Orders 103 76 66 36 281
Backlog 125 72 61 47 47
Sales 102 101 80 48 331
Operating Profit (Loss) (22) (26) (43) (21) (112)
OP (Loss) without Special Items (22) (26) (29) (21) (98)
OP Margin w/o Special Items -21.6% -25.7% -36.3% -43.8% -29.6%
Depreciation & Amortization 8 6 9 3 26
Capital Expenditures 5 4 5 6 20
TOTAL WELCO
Orders 1,060 713 927 1,152 3,852
Backlog 6,024 5,871 5,827 5,941 5,941
Sales 686 872 774 1,103 3,435
Operating Profit (Loss) (58) (14) (98) (109) (279)
OP (Loss) without Special Items (58) (8) (10) 91 15
OP Margin w/o Special Items -8.5% -0.9% -1.3% 8.3% 0.4%
Depreciation & Amortization 32 30 35 23 120
Capital Expenditures 14 27 23 59 123
THERMO KING
Orders 305 273 192 217 987
Backlog 314 304 228 169 169
Sales 266 278 264 231 1,039
Operating Profit (Loss) 45 48 47 40 180
OP (Loss) without Special Items 45 48 47 40 180
OP Margin w/o Special Items 16.9% 17.3% 17.8% 17.3% 17.3%
Depreciation & Amortization 4 4 4 2 14
Capital Expenditures 6 6 4 7 23
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.
16
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
1994 1993 1992
---- ---- ----
TV
Sales 325 287 304
Operating Profit (Loss) 130 92 99
Depreciation & Amortization 9 9 9
Capital Expenditures 12 12 10
EBITDA 139 101 108
NETWORK
Sales 26 31 43
Operating Profit (Loss) (13) (13) (5)
Depreciation & Amortization 1 2 1
Capital Expenditures 1 - -
EBITDA (12) (11) (4)
RADIO
Sales 175 181 177
Operating Profit (Loss) 47 44 34
Depreciation & Amortization 16 15 15
Capital Expenditures 8 3 3
EBITDA 63 59 49
CABLE
Sales 125 119 108
Operating Profit (Loss) 35 29 27
Depreciation & Amortization 5 5 4
Capital Expenditures 11 5 6
EBITDA 40 34 31
CORPORATE & OTHER
Sales 93 66 122
Operating Profit (Loss) (48) (106) (87)
OP (Loss) without Special Items (50) (66) (87)
Depreciation & Amortization 10 3 1
Capital Expenditures 5 3 1
EBITDA (38) (103) (86)
TOTAL CONTINUING OPERATIONS
Sales 744 684 754
Operating Profit (Loss) 151 46 68
OP (Loss) without Special Items 149 86 68
Depreciation & Amortization 41 34 30
Capital Expenditures 37 23 20
EBITDA 192 80 98
17
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
1994 1993 1992
---- ---- ----
WELCO:
ENERGY SYSTEMS
Orders 1,359 1,500 1,152
Backlog 3,259 3,267 3,151
Sales 1,364 1,420 1,389
Operating Profit (Loss) 114 164 186
OP (Loss) without Special Items 140 209 186
OP Margin w/o Special Items 10.3% 14.7% 13.4%
Depreciation & Amortization 49 50 51
Capital Expenditures 39 42 37
POWER GENERATION
Orders 2,524 2,239 2,027
Backlog 2,683 2,342 2,103
Sales 1,630 1,781 1,847
Operating Profit (Loss) 82 (7) 126
OP (Loss) without Special Items 77 119 126
OP Margin w/o Special Items 4.7% 6.7% 6.8%
Depreciation & Amortization 46 46 44
Capital Expenditures 48 38 40
OTHER POWER SYSTEMS
Orders (33) (33) (28)
Backlog (636) (694) (717)
Sales (149) (123) (91)
Operating Profit (Loss) (79) (201) (51)
OP (Loss) without Special Items (79) (76) (51)
OP Margin w/o Special Items 53.0% 61.8% 56.0%
Depreciation & Amortization - - -
Capital Expenditures - - -
TOTAL POWER SYSTEMS
Orders 3,850 3,706 3,151
Backlog 5,306 4,915 4,537
Sales 2,845 3,078 3,145
Operating Profit (Loss) 117 (44) 261
OP (Loss) without Special Items 138 252 261
OP Margin w/o Special Items 4.9% 8.2% 8.3%
Depreciation & Amortization 95 96 95
Capital Expenditures 87 80 77
GOVERNMENT OPERATIONS
Orders 46 81 20
Backlog 70 67 9
Sales 133 104 107
Operating Profit (Loss) 77 71 79
OP (Loss) without Special Items 77 71 79
OP Margin w/o Special Items 57.9% 68.3% 73.8%
Depreciation & Amortization 2 1 1
Capital Expenditures 2 2 1
18
CBS CORPORATION
SEGMENT INFORMATION
($ in millions) (unaudited)
Total Year
December 31
1994 1993 1992
---- ---- ----
CORPORATE & OTHER
Orders 468 587 575
Backlog 122 211 194
Sales 552 593 580
Operating Profit (Loss) (123) (186) (56)
OP (Loss) without Special Items (123) (104) (56)
OP Margin w/o Special Items -22.3% -17.5% -9.7%
Depreciation & Amortization 30 40 37
Capital Expenditures 20 27 28
TOTAL WELCO
Orders 4,364 4,374 3,746
Backlog 5,498 5,193 4,740
Sales 3,530 3,775 3,832
Operating Profit (Loss) 71 (159) 284
OP (Loss) without Special Items 92 219 284
OP Margin w/o Special Items 2.6% 5.8% 7.4%
Depreciation & Amortization 127 137 133
Capital Expenditures 109 109 106
THERMO KING
Orders 972 735 679
Backlog 279 153 129
Sales 851 694 686
Operating Profit (Loss) 140 114 108
OP (Loss) without Special Items 140 114 108
OP Margin w/o Special Items 16.5% 16.4% 15.7%
Depreciation & Amortization 13 12 12
Capital Expenditures 19 14 10
WELCO and Thermo King are reported
as Discontinued Operations for all
periods.