-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MK7rj+YjHMySNQVbtcQhMyBh9Ta6i8ibROpIaTKIq4GsX2UuL+Lpzg8hXh4V9Soi tcE3HPeIegnMVGBJ0RWaaQ== 0000950103-05-000235.txt : 20050214 0000950103-05-000235.hdr.sgml : 20050214 20050214142241 ACCESSION NUMBER: 0000950103-05-000235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050214 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MCI INC CENTRAL INDEX KEY: 0000723527 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 581521612 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10415 FILM NUMBER: 05607588 BUSINESS ADDRESS: STREET 1: 500 CLINTON CENTER DRIVE CITY: CLINTON STATE: MS ZIP: 39056 BUSINESS PHONE: 6014605600 FORMER COMPANY: FORMER CONFORMED NAME: MC INC DATE OF NAME CHANGE: 20040420 FORMER COMPANY: FORMER CONFORMED NAME: WORLDCOM INC DATE OF NAME CHANGE: 20000501 FORMER COMPANY: FORMER CONFORMED NAME: MCI WORLDCOM INC DATE OF NAME CHANGE: 19980914 8-K 1 feb1405_8k-1.htm 8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004

______________

FORM 8-K

______________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 14, 2005
______________

MCI, Inc.

(Exact Name of Registrant as Specified in Charter)

______________
     
Delaware 001-10415 20-0533283
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)

22001 Loudoun County Parkway, Ashburn, 20147
Virginia
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (703) 886-5600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

x  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))








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Item 2.02. Results of Operation and Financial Condition.

     On February 14, 2005, MCI, Inc. (the “Company”) issued a press release announcing preliminary operating results for the three-month period ended December 31, 2004. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

     The press release includes a discussion of operating income before depreciation and amortization (EBITDA). The Company believes that, in addition to GAAP financial measures, the inclusion and discussion of certain numerical statistics such as EBITDA allows management, investors, and analysts to fully evaluate its consolidated results of operations. Below is a reconciliation of EBITDA to operating income for the three-month period ended December 31, 2004:

Operating income $ 434
Depreciation and amortization 341
 

Operating income before depreciation and amortization $ 775
 

Item 9.01. Financial Statements and Exhibits.

  (a) Financial Statements of Businesses Acquired. Not applicable.
 
  (b)  Pro Forma Financial Information. Not applicable.
 
  (c) Exhibits.
 
  Exhibit No. Description of Exhibit
     
  99.1 Press release dated February 14, 2005






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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MCI, INC.
(Registrant)
     
By:

/s/ Eric R. Slusser

 
  Name: Eric R. Slusser
  Title:

Senior Vice President, Controller


Dated: February 14, 2005





EX-99.1 2 feb1405_ex9901.htm Exhibit 99.1

Exhibit 99.01

Contacts: Media Investors
  Brad Burns Susan Watson
  Peter Lucht (703) 886-5282
  (800) 644-NEWS  

MCI Announces Preliminary Fourth Quarter 2004 Results

ASHBURN, Va., February 14, 2005 -- MCI, Inc. (NASDAQ: MCIP) today announced preliminary results for the fourth quarter ended December 31, 2004.

Revenues in the fourth quarter were $5.0 billion, down 2 percent sequentially and 10 percent year-over-year.

Operating income before depreciation and amortization was approximately $775 million. Operating income benefited from incidental items totaling approximately $270 million, the largest of which was a $100 million gain on bankruptcy settlements and the adjustment of related reserves.

On December 31, 2004, cash, cash equivalents and investments totaled approximately $5.5 billion.

Segment Revenue

Enterprise Markets, which includes the company’s most complex, high-end accounts in business and government, generated revenue of $1.2 billion, up 1 percent sequentially and down 3 percent year-over-year.

U. S. Sales and Service (USS&S), which is comprised of Commercial Markets; Mass Markets; and Skytel, generated revenue of $2.1 billion, down 5 percent sequentially and 15 percent year-over-year. Within USS&S, Commercial Markets generated $1.0 billion of revenues, flat sequentially and down 6 percent year-over-year, while Mass Markets generated revenue of $1.2 billion, down 9 percent sequentially and 21 percent year-over-year.

The International & Wholesale Markets segment, which serves the Europe, Middle East and Africa (EMEA), Latin America and Asia Pacific regions, as well as wholesale customers, generated fourth quarter revenue of $1.6 billion, flat sequentially and down 9 percent year-over-year, including the benefit of foreign exchange.

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International generated $952 million of revenue in the quarter, up 4 percent sequentially and 5 percent year-over-year. Wholesale revenue dropped to $697 million, down 4 percent sequentially and 23 percent year-over-year.

The company will announce complete fourth quarter and full-year 2004 results on February 23, 2005.

About MCI

MCI, Inc. (NASDAQ: MCIP) is a leading global communications provider, delivering innovative, cost-effective, advanced communications connectivity to businesses, governments and consumers. With the industry's most expansive global IP backbone, based on the number of company-owned points of presence, and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's market. For more information, go to www.mci.com.

Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations. Factors that may cause actual results to differ materially from management's expectations include economic uncertainty; the effects of vigorous competition, including price compression; the impact of technological change on our business, alternative technologies, and dependence on availability of transmission facilities; risks of international business; regulatory risks in the United States and internationally; contingent liabilities; uncertainties regarding the collectibility of receivables; risks associated with debt service requirements and our financial leverage; uncertainties associated with the success of acquisitions; and the ongoing war on terrorism. More detailed information about those factors is contained in the Company’s filings with the Securities and Exchange Commission, including its 10-K under “Risk Factors.”

This release references certain financial measures which are deemed to be non-GAAP. The Company believes that the inclusion of these measures is important because it provides readers of the report a better view of its operating results.

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