-----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, MG4/etrQ8xFgSWS4i6dJ00L+QU44MCdMesS2BlzVsbP6D0cO44vwwI714jXWCSlG pU5VcnAwWOt76uraV5/3qA== 0000075641-98-000016.txt : 19981029 0000075641-98-000016.hdr.sgml : 19981029 ACCESSION NUMBER: 0000075641-98-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981028 ITEM INFORMATION: FILED AS OF DATE: 19981028 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC BELL CENTRAL INDEX KEY: 0000075641 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 940745535 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01414 FILM NUMBER: 98732273 BUSINESS ADDRESS: STREET 1: 140 NEW MONTGOMERY ST CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 2108214105 MAIL ADDRESS: STREET 1: 175 E HOUSTON STREET 2: RM 9-N-4 CITY: SAN ANTONIO STATE: TX ZIP: 78205 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC TELEPHONE & TELEGRAPH CO DATE OF NAME CHANGE: 19840115 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 28, 1998 PACIFIC BELL A California Corporation Commission File No. 1-1414 IRS Employer No. 94-0745535 140 New Montgomery Street, San Francisco, California 94105-3705 Telephone Number (415) 542-9000 Item 5. Other Events On October 15, 1998, SBC Communications Inc. released the following information regarding Pacific Bell:
Pacific Bell Telephone Company (PacBell Consolidated) - -------------------------------------------------------------------------------------- -------------------------- -------------------------- Dollars in millions Three Months Ended Nine Months Ended ------------------------------------------------------ Unaudited 9/30/98 9/30/97 % Chg 9/30/98 9/30/97 % Chg - ---------------------------------------------------------- -------------------------- Operating Revenues Local service $1,184 $1,108 6.9% $3,469 $3,201 8.4% Network access 674 650 3.7% 2,049 1,851 10.7% Long-distance service 313 299 4.7% 925 897 3.1% Other 238 164 45.1% 604 504 19.8% - ---------------------------------------------------------- -------------------------- Total Operating Revenues 2,409 2,221 8.5% 7,047 6,453 9.2% - ---------------------------------------------------------- -------------------------- Cash Operating Expenses 1,306 1,295 0.8% 3,873 4,716 -17.9% - ---------------------------------------------------------- -------------------------- EBITDA 1,103 926 19.1% 3,174 1,737 - - ---------------------------------------------------------- -------------------------- Depreciation and amortization 472 441 7.0% 1,386 1,477 -6.2% - ---------------------------------------------------------- -------------------------- Total Operating Expenses 1,778 1,736 2.4% 5,259 6,193 -15.1% - ---------------------------------------------------------- -------------------------- Operating Income 631 485 30.1% 1,788 260 - - ---------------------------------------------------------- -------------------------- Income (Loss) Before Cumulative Effect of Accounting Changes $ 320 $ 231 38.5% $ 893 $ (93) - ========================================================== ========================== 1997 results include charges for several items including strategic initiatives and ongoing merger integration costs, gain on the sale of Pacific Bell's interest in Bell Communications Research, Inc. and a first quarter settlement gain. Excluding these additional items Pacific Bell reported an adjusted income before cumulative effect of accounting changes of $704 for the first nine months of 1997.
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Pacific Bell By: /s/ Robert B. Pickering Robert B. Pickering Vice President and Chief Financial Officer October 28, 1998 -----END PRIVACY-ENHANCED MESSAGE-----