In millions except for per-share data.
%% %%
%% 4th Qtr. Jan. 1 1999 1998
Revenues 589.6 398.5
One-time loss a24.5
Net income (loss) (10.0) 11.8
Per share (basic) (0.07) 0.12
Per share (diluted) (0.07) 0.12
Avg. shares (diluted) 141.0 102.6
Year 1999 1998
Revenues 2,163.7 1,631.8
One-time gain b27.6
One-time loss c106.6 d18.8
Net income (loss) (8.8) 43.7
Per share (basic) (0.07) 0.43
Per share (diluted) (0.07) 0.42
Avg. shares (diluted) 124.2 102.9
%% a–After-tax charge due to environmental liability accruals
for a former business unit.
b–After-tax gain of $7.8 million from sales of Pepsi
General franchises, and after-tax gain of $19.8 million
from reducing tax reserves for international operations.
c–Includes one-time after-tax losses of $51.7 million from
a settlement and environmental liability accruals for a
former business unit; $11.4 million for staff-reduction and
non-cash asset write-downs after the acquisition of territories
from PepsiCo; $4.8 million from the write-down of Baltic
operations; $2.8 million for staff reductions in domestic
operations, and $35.9 million to reduce the book value of
downtown Chicago-area property to be sold.
d–Includes one-time after-tax charge of $500,000 due to
environmental liability issues of a former business unit and
extraordinary loss of $18.3 million associated with a tender
offer Whitman made for outstanding notes.
