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| Sky Global Networks, Inc. |
| 1211 Avenue of the Americas, New York, NY 10036 * (212) 852-7299 |
| Business Description | The Company is the world's leading distributor of pay-TV, offering entertainment and services via satellite to nearly 85 million households through its various owned and affiliated distribution platforms. |
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Filing Information Not yet | ||||
| To Trade As | SGN (NYSE) | Industry | Telecommunications (SIC 4841) | |
| Type of Stock Offered | Class A Common Shares | Filing Date | 6/20/00 | |
| Domestic Shares Filed | 0 | Filing Price | - - | |
| Foreign Shares Filed | 0 | Offering Amount | $100,000,000 | |
| Company Shares | 0 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - | |
| Being spun off from | News Corporation | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 6/30/95 | 6/30/96 | 6/30/97 | 6/30/98 | 6/30/99 | 3/31/99 | 3/31/00 |
| Revenues | 728.000 | 854.000 | 882.000 | 855.000 | 793.000 | 670.000 | 295.000 |
| Income from Oper. | 22.000 | -61.000 | -45.000 | -89.000 | -156.000 | -68.000 | -75.000 |
| Net Income | 371.000 | -233.000 | -226.000 | -386.000 | 19.000 | 214.000 | -174.000 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 17.31 | 3.28 | -3.06 | -7.251 | -55.97 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | 3.02 | - | - | - | - | - | - |
| Net Profit Margin (%) | 50.96 | - | - | - | 2.40 | - | 31.94 |
| Cash Flow - Oper. | -218.00 | -123.00 | -289.00 | ||||
| Cash Flow - Inv. | 562.00 | 568.00 | -165.00 | ||||
| Cash Flow - Fin. | -363.00 | -468.00 | 506.00 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 3,481.00 | Current Assets | 761.00 | Current Ratio | 3.75 |
| Total Liab. | 3,414.00 | Current Liab. | 203.00 | Debt Ratio | 98.08% |
| Total Equity | 67.00 | Working Cap. | 558.00 | Debt to Equity Ratio | 50.96 |
| Cash | 92.00 | Return on Assets | 0.55% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness to a subsidiary of News Corporation, to support the growth of our platforms and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Squadron, Ellenoff, Plesent, Sheinfeld & Sorkin |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Arthur Andersen |
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| Industry Competition |
The Company�s main competitors for the acquisition of programming are the major terrestrial broadcasters (the BBC, the ITV network and its members, Channel 4 and Channel 5), digital terrestrial television operators (such as ONdigital), cable companies (NTL and Telewest) and a wide range of pay-TV channel providers. The Company competes for advertising and sponsorship revenue with other broadcasters, including the ITV companies (Carlton, Granada and United News and Media), Channel 4 and Channel 5. Pay-TV packages are offered to subscribers by BSkyB (by DTH satellite), ONdigital (by digital terrestrial television) and cable operators, dominated by NTL and Telewest. |
| Business Plan |
The Company�s goal is to be the leading provider of high quality entertainment programming and digital interactive multimedia services to customers throughout the world. To achieve this goal, we are focused on: (i) Offer customers the best local and international programming content available; (ii) Realize economies of scale across our platforms by using their global reach and large subscriber bases to lower operating and investment costs; (iii) Build on the Sky and STAR brands and our relationship with News Corporation and its subsidiaries, including Fox Entertainment Group, Inc.; (iv) Invest in the development of enabling technologies to expand the range of services offered by our platforms; and (v) Offer interactive television services and Internet-based services to increase our subscriber bases, promote customer loyalty and increase per subscriber revenue. |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| News Corporation | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||