-----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, FKtGakI7bXeNRChxTkcQbsN796lsN1VwOg+r3mcGoKQ5irx1bCypi/CxbMJUMPmB SM3HWULt7mmG9fmz1XwtLw== 0000075641-98-000002.txt : 19980211 0000075641-98-000002.hdr.sgml : 19980211 ACCESSION NUMBER: 0000075641-98-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980210 ITEM INFORMATION: FILED AS OF DATE: 19980210 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: 98528741 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 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: February 10, 1998 PACIFIC BELL A California Corporation Commission File No. 1-1414 IRS Employer No. 94-0745535 175 E. Houston, San Antonio, Texas 78205 Telephone Number (210) 821-4105 Item 5. Other Events On January 28, 1998, SBC Communications Inc. released the following information regarding Pacific Bell:
Pacific Bell Telephone Company (PacBell Consolidated) - ------------------------------------------------------------------------------------- ------------------------------- ---------------------- Dollars in millions Three Months Ended Twelve Months Ended ------------------------------- ---------------------- Unaudited 12/31/97 12/31/96 % Chg 12/31/9712/31/96 % Chg - ---------------------------------------------------------- --------------------------- Operating Revenues Local service $1,175 $994 18.2% $4,386 $3,956 10.9% Network access - Interstate 460 467 -1.5% 1,714 1,805 -5.0% Network access - Intrastate 194 179 8.4% 790 718 10.0% Long-distance service 282 321 -12.1% 1,182 1,274 -7.2% Directory advertising 291 271 7.4% 1,125 1,051 7.0% Other 212 208 1.9% 741 642 15.4% - ---------------------------------------------------------- --------------------------- -------- ---------- Total Operating Revenues 2,614 2,440 7.1% 9,938 9,446 5.2% - ---------------------------------------------------------- --------------------------- -------- ---------- Cash Operating Expenses 1,918 1,441 33.1% 7,408 5,316 39.4% - ---------------------------------------------------------- --------------------------- -------- ---------- EBITDA * 696 999 -30.3% 2,530 4,130 -38.7% - ---------------------------------------------------------- --------------------------- -------- ---------- Depreciation and 464 459 1.1% 2,021 1,826 10.7% amortization - ---------------------------------------------------------- --------------------------- -------- ---------- Total Operating Expenses 2,382 1,900 25.4% 9,429 7,142 32.0% - ---------------------------------------------------------- --------------------------- -------- ---------- Operating Income 232 540 -57.0% 509 2,304 -77.9% - ---------------------------------------------------------- --------------------------- Income Before Cumulative Effect of Accounting Changes 87 286 -69.6% 8 1,170 -99.3% ========================================================== =========================== 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 $1,066 for 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 February 10, 1998 -----END PRIVACY-ENHANCED MESSAGE-----