EX-99.3 5 a2069044zex-99_3.txt EXHIBIT 99.3 Exhibit 99.3 USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) PRO FORMA SEGMENT RESULTS $ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST. UNAUDITED.
---------- ------------------------------------------------- REVENUE 1999 2000 ---------- ------------------------------------------------- YE 12/31 Q1 Q2 Q3 Q4 YE 12/31 -------- -- -- -- -- -------- OPERATING BUSINESSES HSN - U.S.** $ 1,332.9 $ 358.5 $ 344.0 $ 368.8 $ 455.8 $ 1,527.0 Ticketing 442.7 128.0 143.0 124.9 122.7 518.6 Hotel Reservations 161.8 55.3 78.1 94.6 100.0 328.0 Expedia (transaction pending) 73.0 33.2 37.0 42.1 44.4 156.7 Precision Response 215.9 69.6 70.2 70.2 72.1 282.1 Personals 9.0 6.9 7.5 7.6 7.2 29.2 ---------- -------- -------- -------- -------- ---------- SUB-TOTAL 2,235.4 651.4 679.7 708.2 802.2 2,841.5 EMERGING BUSINESSES Citysearch and related 27.3 10.1 12.8 14.0 14.0 50.8 HSN - international and other 175.7 69.6 60.8 67.2 83.4 281.0 ECS/Styleclick 55.4 12.5 10.1 12.5 13.4 48.5 ---------- -------- -------- -------- -------- ---------- SUB-TOTAL 258.4 92.2 83.6 93.6 110.9 380.3 ---------- -------- -------- -------- -------- ---------- Non-recurring items 6.9 -- -- -- -- -- Foreign exchange conversion -- (7.9) (6.7) (8.9) (11.8) (35.3) Disengaged HSN Homes** -- 0.0 0.0 0.0 6.2 6.2 Intersegment Elimination -- -- -- -- -- -- ---------- -------- -------- -------- -------- ---------- TOTAL $ 2,500.7 $ 735.8 $ 756.6 $ 792.9 $ 907.5 $ 3,192.8 ========== ======== ======== ======== ======== ========== USA ENTERTAINMENT USA Network $ 757.7 $ 196.9 $ 207.9 $ 200.0 $ 199.4 $ 804.2 Sci-Fi Channel 198.5 62.4 70.7 64.1 77.8 274.9 Studios, net 348.6 119.6 110.5 71.0 144.9 446.0 Trio, NWI, Crime, other emerging 1.2 0.6 3.7 8.6 7.5 20.3 USA Films 82.1 30.3 20.8 14.5 20.5 86.1 ---------- -------- -------- -------- -------- ---------- SUB-TOTAL 1,387.9 409.8 413.5 358.1 450.1 1,631.5 ---------- -------- -------- -------- -------- ---------- ---------------------------------------------------- REVENUE 2001 ---------------------------------------------------- Q1 Q2 Q3 Q4 YE 12/31 -- -- -- -- -------- OPERATING BUSINESSES HSN - U.S.** $ 385.4 $ 381.8 $ 396.4 $ 495.3 $ 1,549.9** Ticketing 150.1 163.9 133.9 131.8 579.7 Hotel Reservations 105.3 138.3 151.2 141.7 536.5 Expedia (transaction pending) 57.2 78.5 79.5 81.8 296.9 Precision Response 80.7 75.6 72.6 69.8 298.7 Personals 8.5 10.7 12.5 17.6 49.2 -------- -------- -------- ---------- ---------- SUB-TOTAL 787.2 848.8 846.1 937.8 3,310.9 EMERGING BUSINESSES Citysearch and related 12.4 12.4 11.1 10.3 46.1 HSN - international and other 83.4 87.7 66.1 82.2 319.4 ECS/Styleclick 8.6 7.8 5.4 12.4 34.2 -------- -------- -------- ---------- ---------- SUB-TOTAL 104.4 107.9 82.6 104.9 399.8 -------- -------- -------- ---------- ---------- Non-recurring items -- -- 0.0 0.0 Foreign exchange conversion (13.7) (13.8) (9.1) (10.2) (46.9) Disengaged HSN Homes** 0.0 0.0 0.0 0.0 109.0** Intersegment Elimination -- (2.6) (2.3) (2.2) (7.1) -------- -------- -------- ---------- ---------- TOTAL $ 877.9 $ 940.3 $ 917.3 $ 1,030.3 $ 3,765.8 ======== ======== ======== ========== ========== USA ENTERTAINMENT USA Network $ 214.1 $ 220.6 $ 213.8 $ 184.7 $ 833.3 Sci-Fi Channel 69.3 70.0 63.1 71.4 273.9 Studios, net 151.5 152.5 121.1 100.9 526.0 Trio, NWI, Crime, other emerging 6.2 6.2 5.8 6.0 24.1 USA Films 51.0 62.6 16.0 37.5 167.0 -------- -------- -------- ---------- ---------- SUB-TOTAL 492.1 511.8 419.8 400.5 1,824.3 -------- -------- -------- ---------- ----------
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. ** Quarterly HSN disengagement amounts will be pro forma'd fully beginning in 2002. As filed with the Securities and Exchange Commission on January 29, 2002. THESE REVENUE FIGURES ARE PRO FORMA FOR PENDING EXPEDIA AND VIVENDI TRANSACTIONS. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) PRO FORMA SEGMENT RESULTS $ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST. UNAUDITED.
---------- ---------------------------------------------- EBITDA 1999 2000 ---------- ---------------------------------------------- YE 12/31 Q1 Q2 Q3 Q4 YE 12/31 -------- -- -- -- -- -------- OPERATING BUSINESSES HSN - U.S.** $ 214.7 $ 49.4 $ 52.6 $ 53.9 $ 73.8 $ 229.6 Ticketing 93.3 27.4 31.6 16.7 24.4 100.0 Hotel Reservations 24.2 8.2 12.9 13.9 17.6 52.6 Expedia (transaction pending) (44.3) (21.3) (12.4) (2.2) (2.9) (38.8) Precision Response 30.4 9.5 11.9 12.2 11.0 44.6 Personals (0.4) 0.9 1.7 2.3 1.4 6.3 Corporate and other (36.1) (9.6) (6.8) (7.5) (6.0) (29.9) -------- -------- -------- -------- -------- -------- SUB-TOTAL 281.7 64.4 91.4 89.3 119.4 364.5 EMERGING BUSINESSES Citysearch and related (60.4) (18.3) (16.9) (16.3) (12.4) (63.9) HSN - international and other 11.8 7.2 2.3 1.2 4.1 14.7 ECS/Styleclick (56.0) (16.3) (21.4) (16.7) (16.8) (71.2) -------- -------- -------- -------- -------- -------- SUB-TOTAL (104.6) (27.4) (36.1) (31.8) (25.1) (120.4) Non recurring items -- 6.3 (7.8) -- (3.2) (4.7) Foreign exchange conversion -- (1.0) (0.6) (0.9) (1.5) (3.9) Disengaged HSN Homes** -- 0.0 0.0 0.0 0.9 0.9 -------- -------- -------- -------- -------- -------- TOTAL $ 177.0 $ 42.3 $ 46.9 $ 56.6 $ 90.5 $ 236.3 ======== ======== ======== ======== ======== ======== USA ENTERTAINMENT USA Network $ 312.1 $ 97.2 $ 105.3 $ 87.2 $ 105.6 $ 395.2 Sci-Fi Channel 68.9 24.2 24.9 22.4 30.2 101.7 Studios, net 46.1 17.5 9.1 8.8 15.4 50.8 Trio, NWI, Crime, other emerging (3.0) (2.3) (2.0) (0.3) (2.5) (7.1) USA Films 6.4 2.2 (2.3) (5.8) (0.6) (6.6) -------- -------- -------- -------- -------- -------- TOTAL 430.5 138.8 134.9 112.3 148.0 534.0 ------------------------------------------------ EBITDA 2001 ------------------------------------------------ Q1 Q2 Q3 Q4 YE 12/31 -- -- -- -- -------- OPERATING BUSINESSES HSN - U.S.** $ 51.7 $ 55.2 $ 48.9 $ 75.7 $ 216.5** Ticketing 30.2 35.5 19.0 21.5 106.2 Hotel Reservations 15.8 21.0 21.8 22.9 81.5 Expedia (transaction pending) 4.5 17.7 16.4 22.2 60.9 Precision Response 10.0 10.2 7.9 6.2 34.3 Personals 0.3 2.8 5.8 7.6 16.5 Corporate and other (7.9) (8.2) (8.1) (7.0) (31.2) -------- -------- -------- -------- -------- SUB-TOTAL 104.7 134.3 111.7 149.0 484.7 EMERGING BUSINESSES Citysearch and related (11.8) (11.0) (10.8) (9.9) (43.4) HSN - international and other (0.8) (1.6) (12.4) (7.7) (22.6) ECS/Styleclick (16.9) (14.5) (14.4) (7.8) (53.6) -------- -------- -------- -------- -------- SUB-TOTAL (29.4) (27.1) (37.6) (25.4) (119.6) Non recurring items -- (4.8) (12.3) (3.1) (20.1) Foreign exchange conversion (0.9) (1.0) 0.9 (0.2) (1.2) Disengaged HSN Homes** 0.0 0.0 0.0 0.0 15.0** -------- -------- -------- -------- -------- TOTAL $ 74.3 $ 101.5 $ 62.7 $ 120.3 $ 358.8 ======== ======== ======== ======== ======== USA ENTERTAINMENT USA Network $ 112.2 $ 119.3 $ 113.7 $ 84.9 $ 430.1 Sci-Fi Channel 29.7 27.8 23.9 26.1 107.5 Studios, net 21.5 20.2 17.6 15.9 75.2 Trio, NWI, Crime, other emerging (1.7) (2.4) (3.1) (4.4) (11.5) USA Films (1.0) 0.6 0.4 1.9 2.0 -------- -------- -------- -------- -------- TOTAL 160.7 165.6 152.6 124.4 603.3
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. ** Quarterly HSN disengagement amounts will be pro forma'd fully beginning in 2002. As filed with the Securities and Exchange Commission on January 29, 2002. THESE EBITDA FIGURES ARE PRO FORMA FOR PENDING EXPEDIA AND VIVENDI TRANSACTIONS. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) PRO FORMA RESULTS OF OPERATIONS (AS REPORTED) $ IN MILLIONS; ROUNDING DIFFERENCES MAY EXIST. UNAUDITED.
--------- ------------------------------------------------------------- P&L 1999 2000 --------- ------------------------------------------------------------- YE 12/31* Q1* Q2* Q3* Q4 YE 12/31 --------- --------- --------- --------- --------- --------- Date Reported: 02/01/01 04/25/01 07/25/01 10/24/01 01/29/02 01/29/02 Revenues, net 3,815.6 1,112.4 1,134.9 1,109.9 1,313.2 4,667.7 Operating costs and expenses: Costs related to revenues 2,301.7 665.6 676.3 669.1 801.3 2,812.4 Other costs and expenses 855.1 244.9 264.1 269.6 270.6 1,046.3 Amort. of non-cash distribution and marketing expense 0.0 1.6 1.3 2.7 7.1 11.7 Depreciation 119.2 36.5 44.6 38.3 59.3 179.8 Amortization of goodwill 374.0 108.0 110.5 113.6 280.7 579.0 --------- --------- --------- --------- --------- --------- Total operating costs 3,650.1 1,056.5 1,096.8 1,093.2 1,419.0 4,629.1 --------- --------- --------- --------- --------- --------- Operating income 165.4 55.9 38.0 16.7 (105.8) 38.6 Interest expense, net (50.2) (8.6) (7.9) (8.2) (10.3) (34.8) Gain on disposition of television station 0.0 0.0 0.0 0.0 0.0 0.0 Gain on sale of securities 89.7 0.0 0.0 0.0 0.0 0.0 Other, net (4.9) (0.6) (1.9) 69.9 (18.1) 49.3 --------- --------- --------- --------- --------- --------- 34.6 (9.2) (9.8) 61.7 (28.3) 14.5 --------- --------- --------- --------- --------- --------- Earnings before income taxes and minority interest 200.1 46.7 28.2 78.4 (134.1) 53.1 Income tax expense (83.9) (30.3) (29.6) (25.6) (26.3) (102.9) Minority interest (136.7) (40.4) (30.2) (66.7) 82.9 (81.3) --------- --------- --------- --------- --------- --------- Loss before cumulative effect of accounting change (20.5) (23.9) (31.6) (13.9) (77.5) (131.1) ========= ========= ========= ========= ========= ========= Cumulative effect of accounting change, net of tax 0.0 0.0 0.0 0.0 0.0 0.0 --------- --------- --------- --------- --------- --------- Net loss from continuing operations (20.5) (23.9) (31.6) (13.9) (77.5) (131.1) ========= ========= ========= Weighted average diluted shares 352.6 361.9 363.6 367.8 368.3 366.0 ========= ========= ========= ========= ========= ========= Weighted average fully converted shares 745.8 752.5 724.7 729.0 751.8 753.8 ========= ========= ========= ========= ========= ========= Basic earnings per share $ (.06) $ .07 $ (.09) $ (.04) $ (.21) $ (.36) ========= ========= ========= ========= ========= ========= Diluted earnings per share $ (.06) $ .07 $ (.09) $ (.04) ========= ========= ========= ========= ========= ========= Fully converted earnings per share $ .12 $ .01 $ (.02) $ (.02) ========= ========= ========= ========= ========= ========= EBITDA 658.7 201.9 194.4 171.2 241.3 809.0 ========= ========= ========= ========= ========= ========= Excluding one-time charges and non-operating gains: Basic and diluted earnings per share $ (.11) $ (.07) $ (.07) $ (.08) $ (.09) $ (.36) ========= ========= ========= ========= ========= ========= Cash net income earnings per share $ .11 $ .17 $ .16 $ .13 $ (.27) ========= ========= ========= ========= ========= ========= Fully converted earnings per share $ .05 $ (.01) $ (.01) $ (.02) ========= ========= ========= ========= ========= ========= Fully converted cash net income earnings per share $ .09 $ .11 $ .10 ========= ========= ========= ========= ========= ========= ------------------------------------------------------------- P&L 2001 ------------------------------------------------------------- Q1* Q2* Q3* Q4 YE 12/31 --------- --------- --------- --------- --------- Date Reported: 04/25/01 07/25/01 10/24/01 01/29/02 01/29/02 Revenues, net 1,315.7 1,371.4 1,256.3 1,346.5 5,284.8 Operating costs and expenses: Costs related to revenues 800.2 831.7 746.7 831.3 3,208.4 Other costs and expenses 285.4 290.5 312.5 298.3 1,182.7 Amort. of non-cash distribution and marketing expense 8.0 6.6 5.2 6.5 26.4 Depreciation 48.7 57.6 51.2 63.4 223.0 Amortization of goodwill 100.2 100.8 103.0 100.8 403.1 --------- --------- --------- --------- --------- Total operating costs 1,242.5 1,287.3 1,218.6 1,300.4 5,048.7 --------- --------- --------- --------- --------- Operating income 73.2 84.2 37.7 46.1 241.2 Interest expense, net (11.4) (12.9) (10.1) (14.0) (48.4) Gain on disposition of television station 0.0 0.0 0.0 0.0 0.0 Gain on sale of securities 0.0 0.0 0.0 0.0 0.0 Other, net (6.5) (13.7) (12.9) (26.4) (59.6) --------- --------- --------- --------- --------- (17.9) (26.6) (23.1) (40.4) (108.1) --------- --------- --------- --------- --------- Earnings before income taxes and minority interest 55.3 57.5 14.7 5.7 133.2 Income tax expense (25.5) (22.8) (21.9) (37.7) (107.3) Minority interest (49.3) (45.0) (33.2) (25.0) (152.5) --------- --------- --------- --------- --------- Loss before cumulative effect of accounting change (19.5) (10.3) (40.4) (56.9) (127.2) Cumulative effect of accounting change, net of tax (9.2) 0.0 0.0 0.0 (9.2) --------- --------- --------- --------- --------- Net loss from continuing operations (28.7) (10.3) (40.4) (56.9) (136.4) ========= ========= ========= ========= ========= Weighted average diluted shares 370.2 373.8 376.4 377.1 374.1 ========= ========= ========= ========= ========= Weighted average fully converted shares 758.0 763.4 737.6 760.9 765.3 ========= ========= ========= ========= ========= Basic earnings per share $ (.05) $ (.03) $ (.11) $ (.15) $ (.34) ========= ========= ========= ========= ========= Diluted earnings per share $ (.05) $ (.03) $ (.08) ========= ========= ========= ========= ========= Fully converted earnings per share $ .02 $ .03 $ (.01) ========= ========= ========= ========= ========= EBITDA 230.1 249.3 197.1 216.8 893.7 ========= ========= ========= ========= ========= Excluding one-time charges and non-operating gains: Basic and diluted earnings per share $ (.05) $ (.02) $ (.08) $ (.13) $ (.34) ========= ========= ========= ========= ========= Cash net income earnings per share $ .16 $ .20 $ .13 $ .04 $ .40 ========= ========= ========= ========= ========= Fully converted earnings per share $ .02 $ .04 (.01) ========= ========= ========= ========= ========= Fully converted cash net income earnings per share $ .12 $ .14 $ .10 ========= ========= ========= ========= =========
* AS REPORTED. MAY NOT AGREE WITH PROFORMA REVENUE AND EBITDA RESULTS ABOVE. THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002. THIS P&L DOES NOT GIVE AFFECT TO PENDING EXPEDIA AND VIVENDI TRANSACTIONS. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS IN MILLIONS EXCEPT PERCENTAGES.
--------------------------------------------- --------------------------------------- 2000 2001 --------------------------------------------- --------------------------------------- Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE -- -- -- -- -- -- -- -- -- -- HSN-US Units shipped 8.5 8.1 8.6 10.0 35.2 8.6 9.0 9.5 11.4 38.5 Gross profit % 34.9% 35.7% 35.8% 33.6% 34.9% 33.5% 34.4% 34.3% 33.9% 34.0% Return rate 20.6% 19.4% 19.8% 18.8% 19.6% 19.6% 19.6% 19.0% 17.9% 19.0% Product mix: Homegoods 49% 46% 48% 54% 50% 50% 49% 52% 53% 51% Jewelry 24% 27% 26% 24% 25% 25% 26% 24% 25% 25% Health / Beauty 13% 15% 12% 10% 12% 11% 12% 10% 10% 11% Apparel / Accessories 14% 12% 14% 12% 13% 14% 13% 14% 12% 13% HSN cable / DBS HH (end of period) 62.3 63.5 64.9 65.9 65.9 68.4 69.5 71.5 73.4 73.4 HSN total HH (end of period) 75.5 76.7 76.2 77.1 77.1 80.2 82.8 82.8 83.0 83.0 America's Store FTE's (end of period) 8.5 8.8 8.9 8.8 8.8 8.4 9.4 10.8 11.6 11.6
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS IN MILLIONS EXCEPT REVENUE PER TICKET AND PERCENTAGES.
------ -------------------------------------- ----------------------------------------- 1999 2000 2001 ------ -------------------------------------- ----------------------------------------- YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE ------ -------------------------------------- ----------------------------------------- TICKETMASTER Number of tickets sold (mm) 75.0 21.8 22.3 20.2 18.7 83.0 23.6 23.5 19.3 20.3 86.7 Gross value of tickets sold (mm) $2,781 $ 812 $ 881 $ 782 $ 782 $3,256 $ 937 $1,016 $ 788 $ 870 $3,611 Share of tickets sold online 13.4% 19.6% 25.5% 25.6% 27.9% 24.5% 29.5% 33.2% 31.9% 33.9% 32.1% Revenue per ticket $ 5.25 $5.44 $5.89 $5.67 $5.87 $ 5.71 $5.96 $ 6.29 $6.20 $6.00 $ 6.11
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS
----- --------------------------------------------- --------------------------------------------- 1999 2000 2001 ----- --------------------------------------------- --------------------------------------------- YE Q1 Q2 Q3 Q4 YE Q1 Q2 Q3 Q4 YE ----- --------------------------------------------- --------------------------------------------- HOTEL RESERVATIONS NETWORK Hotel room nights sold (thousands) 1,229 429 587 717 700 2,433 799 1,030 1,227 1,187 4,243 Affiliates (including TravelNow) 6,000 10,500 13,400 16,200 16,200 18,649 20,857 22,793 23,808 23,808 Properties 1,500 1,750 1,925 2,100 2,600 2,600 3,084 3,374 3,890 4,567 4,567 Cities served 40 49 60 83 97 97 135 146 171 178 178
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002 USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS IN THOUSANDS
-------------------------------------------- -------------------------------------------- CY 2000 (a) CY 2001 (a) -------------------------------------------- -------------------------------------------- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -------------------------------------------- -------------------------------------------- EXPEDIA (TRANSACTION PENDING) Total gross bookings (b) $401,000 $450,000 $467,000 $475,000 $674,000 $802,000 $723,000 $704,000 Total transactions (c) 1,022 1,186 1,306 1,318 1,780 2,241 2,222 2,229 Average monthly Media Metrix reach (d) 5,933 6,819 6,389 5,417 6,969 7,502 9,410 9,238 Expedia.com conversion (e) 3.8% 4.1% 4.8% 6.0% 5.7% 7.0% 5.5% 5.2% Expedia new purchasing customers (f) 355 447 464 504 671 904 918 870 Expedia cumulative purchasing customers (g) 1,518 1,965 2,428 2,932 3,603 4,507 5,424 6,294 Expedia quarterly unique purchasing customers (h) 540 670 741 790 1,007 1,336 1,393 1,383
a Expedia's fiscal year end is June 30. Presented here as Calender Year Ended December 31. b Gross bookings represents the total value of travel booked through the Expedia, VacationSpot, and WWTE sites. c Transactions represents the number of reservations and purchases transacted through the Expedia and WWTE sites. d Average monthly Media Metrix reach represents the unduplicated reach for the Expedia and VacationSpot sites. e Conversion represents the monthly average Expedia.com unique monthly purchasers divided by the monthly average Media Metrix reach for the Expedia.com site. f Expedia new purchasing customers represents the number of new customers transacting through the Expedia sites in a quarter. g Expedia cumulative purchasing customers represents the cumulative number of customers that have ever transacted through the Expedia sites as of the end of a quarter. h Expedia quarterly unique purchasing customers represents the number of unique customers transacting through the Expedia sites over the course of a quarter. THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS OPERATING ESTIMATES (PRO FORMA FOR PENDING TRANSACTIONS) FOR THE NEXT TWELVE MONTHS (ROUNDED) Primary consumer web sites 15 Average number of new customers added daily 30,000 Active / registered customers 17 million Customer database 65 million Customer inbound telephone minutes 1 billion Customer inbound telephone calls 315 million Orders processed 75 million Credit card transactions 60 million Items shipped 40 million In-house merchants 200 Merchandise SKUs processed 60,000 Telephone operator positions 10,000 Ticketing outlets 3,430 Call centers 34 Fulfillment center square feet 2.5 million
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002. USA NETWORKS, INC. (TO BE RENAMED USA INTERACTIVE) OPERATING METRICS IN MILLIONS CAPITALIZATION (pro forma for pending transactions) (AS OF 1/23/02)
Ticker (NASDAQ) USAI USAi Common Stock 307.5 USAi Class B 49.6 USAi Exchangeable Common Stock 31.6 USAi Exchangeable Class B 1.6 ---------- Total Shares Outstanding 390.3 Estimated dilutive options (treasury 25.0 method) ---------- Fully diluted shares 415.3 ========== Outstanding equity cap $10.2 billion Fully diluted equity cap $10.8 billion
EXCLUDES VIVENDI'S REMAINING 56.6 MILLION SHARES PRO FORMA THE PENDING TRANSACTION, AS THE COMPANY BELIEVES THESE SHARES SHOULD BE VIEWED AS TREASURY, ALTHOUGH THE AMOUNT OF SHARES TREATED AS TREASURY WILL BE LOWER AT STOCK PRICES GREATER THAN $40.82, AS DISCUSSED IN USA'S 8-K FILING WITH THE SEC DATED DECEMBER 17, 2001. -------------------------------------------------------------------------------- BUSINESS MIX (pro forma for pending transaction) Revenue sources (Q4 '01): Merchandise 55% Online travel/hotel rooms 22% Ticketing 13% Teleservices / ECS 8% Personals 2% ---------- Commerce 100% ========== Interactive (online and TV) (% of total) 85% International (% of total) 12%
THE FINANCIAL, STATISTICAL AND OTHER INFORMATION CONTAINED HEREIN IS UNAUDITED. As filed with the Securities and Exchange Commission on January 29, 2002.