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Exhibit 99.1
Cingular Wireless LLC Income Statement - amounts in millions (unaudited)
Quarter Ended Year to Date
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6/30/2003 6/30/2002 % Change 6/30/2003 6/30/2002 % Change
--------- --------- -------- --------- --------- --------
Operating revenues:
Service revenues $3,531 $ 3,492 1.1% $ 6,877 $ 6,808 1.0%
Equipment sales 255 256 (0.4%) 499 483 3.3%
Total operating revenues 3,786 3,748 1.0% 7,376 7,291 1.2%
Operating expenses:
Cost of services 802 788 1.8% 1,575 1,511 4.2%
Cost of equipment sales 451 408 10.5% 847 812 4.3%
Selling, general and administrative 1,269 1,375 (7.7%) 2,486 2,674 (7.0%)
Depreciation and amortization 508 455 11.6% 996 905 10.1%
Total operating expenses 3,030 3,026 0.1% 5,904 5,902 0.0%
Operating income 756 722 4.7% 1,472 1,389 6.0%
Interest expense 230 221 4.1% 455 446 2.0%
Minority interest expense 35 34 2.9% 59 65 (9.2%)
Equity in net income (loss) of affiliates (76) (67) 13.4% (148) (125) 18.4%
Other income (expense), net 7 (1) (800.0%) 33 18 83.3%
Income before income tax and cumulative
effect of acctng. chg. 422 399 5.8% 843 771 9.3%
Selected Financial and Operating Data for Cingular Wireless
Quarter Ended
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6/30/2003 6/30/2002 % Change
--------- --------- --------
(Amounts in millions, except customer data in 000s)
Total Cellular/PCS Customers (1) 22,640 22,183 2.1%
Net Customer Additions - Cellular/PCS 540 353 52.7%
M&A Activity, Partitioned Customers and/or Other Adjs. 14 --
Churn - Cellular/PCS (2) 2.5% 2.7% -20BP
Service ARPU - Cellular/PCS (3) $ 51.80 $ 52.11 (0.6%)
Subscriber ARPU - Cellular/PCS (4) $ 48.87 $ 48.71 0.3%
Minutes Of Use Per Cellular/PCS Subscriber 445 398 11.8%
Licensed POPs - Cellular/PCS (5) 236 219
Penetration - Cellular/PCS (6) 10.2% 11.2%
Total Cingular Interactive Customers 788 788 0.0%
Net Customer Additions - Cingular Interactive (47) 23 (307.2%)
Year to Date
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6/30/2003 6/30/2002 % Change
--------- --------- --------
(Amounts in millions, except customer data in 000s)
Total Cellular/PCS Customers (1) 22,640 22,183 2.1%
Net Customer Additions - Cellular/PCS 729 587 24.1%
M&A Activity, Partitioned Customers and/or Other Adjs. 14 1
Churn - Cellular/PCS (2) 2.6% 2.8% -20BP
Service ARPU - Cellular/PCS (3) $ 50.93 $ 51.28 (0.7%)
Subscriber ARPU - Cellular/PCS (4) $ 48.13 $ 48.04 0.2%
Minutes Of Use Per Cellular/PCS Subscriber 425 377 12.7%
Licensed POPs - Cellular/PCS (5) 236 219
Penetration - Cellular/PCS (6) 10.2% 11.2%
Total Cingular Interactive Customers 788 788 0.0%
Net Customer Additions - Cingular Interactive (30) 54 (155.3%)
Notes:
(1) Cellular/PCS subscribers include customers served through reseller
agreements.
(2) Cellular/PCS subscriber churn is calculated by dividing the aggregate
number of cellular/PCS subscribers who cancel service during each month in
a period by the total number of cellular/PCS subscribers at the beginning
of each month in that period.
(3) Service ARPU is defined as cellular/PCS service revenues during the period
divided by average cellular/PCS subscribers during the period.
(4) Subscriber ARPU is defined as cellular/PCS subscriber revenues during the
period divided by average cellular/PCS subscribers during the period.
(5) Licensed POPs refers to the number of people residing in areas where we
and our partners, Salmon and T-Mobile USA, Inc., have licenses to provide
cellular or PCS service, including the New York City metropolitan area,
and in areas where we have not yet commenced service, such as the Salt
Lake City area.
(6) Penetration calculation is based upon licensed operational POPs of 222
million. The New York City metropolitan area is included in the
penetration calculation, beginning in the third quarter of 2002.