Exhibit 99.1
The following table presents selected consolidated financial data (in thousands, except earnings per share) for the third quarter 2003 and 2002.
Quarter Ended: | |||||||
Sept 30, 2003 | Sept 30, 2002 | ||||||
Revenue | $ | 588,486 | $ | 514,389 | |||
Cost of Operations | 421,922 | 367,179 | |||||
Selling, General and Administrative Expenses | 34,139 | 31,233 | |||||
Merger, Acquisition, Restructuring and Write-Off Charges | 9,491 | — | |||||
Litigation Settlement Charges (Credits) | — | (11,000 | ) | ||||
Operating Income | 122,934 | 126,977 | |||||
Investment Income | 12,455 | 20,653 | |||||
Interest Expense | 1,890 | 3,054 | |||||
Other Income, net | 7,166 | 1,023 | |||||
Income Taxes | 47,826 | 50,959 | |||||
Minority Interest in Subsidiary | 255 | 311 | |||||
Net Income | $ | 92,584 | $ | 94,329 | |||
Basic Earnings Per Share | $ | 0.19 | $ | 0.18 | |||
Diluted Earnings Per Share | $ | 0.19 | $ | 0.18 | |||
Shares Used For: | |||||||
Basic Earnings Per Share | 475,382 | 512,546 | |||||
Diluted Earnings Per Share | 486,749 | 527,856 |
The following table presents selected consolidated financial data (in thousands, except earnings per share) for the nine months ended September 30, 2003 and 2002.
Nine Months Ended: | ||||||
Sept 30, 2003 | Sept 30, 2002 | |||||
Revenue | $ | 1,678,391 | $ | 1,424,251 | ||
Cost of Operations | 1,220,768 | 980,996 | ||||
Selling, General and Administrative Expenses | 100,393 | 88,372 | ||||
Merger, Acquisition, Restructuring and Write-Off Charges | 17,440 | 76,506 | ||||
Litigation Settlement Charges | — | 9,761 | ||||
Operating Income | 339,790 | 268,616 | ||||
Investment Income | 41,718 | 59,723 | ||||
Interest Expense | 6,259 | 8,816 | ||||
Other Income, net | 18,314 | 7,937 | ||||
Income Taxes | 136,340 | 115,033 | ||||
Minority Interest in Subsidiary | 806 | 671 | ||||
Net Income | $ | 256,417 | $ | 211,756 | ||
Basic Earnings Per Share | $ | 0.53 | $ | 0.41 | ||
Diluted Earnings Per Share | $ | 0.52 | $ | 0.40 | ||
Shares Used For: | ||||||
Basic Earnings Per Share | 482,830 | 510,973 | ||||
Diluted Earnings Per Share | 493,356 | 530,255 |