Classmates.com 2004 Annual Report Download - page 73

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UNITED ONLINE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
Year Ended June 30,
Year Ended
December 31,
2004
Six Months Ended
December 31,
2003
2003
2002
Revenues:
Billable services
$
410,821
$
167,639
$
247,790
$
141,005
Advertising and commerce
37,796
18,099
29,505
26,510
Total revenues
448,617
185,738
277,295
167,515
Operating expenses:
Cost of billable services (including stock
-
based charges,
see Note 9)
94,999
46,182
89,293
74,227
Cost of free services (including stock-based charges, see
Note 9)
7,393
3,953
12,603
33,129
Sales and marketing (including stock-based charges, see
Note 9)
178,981
70,526
86,623
40,220
Product development (including stock
-
based charges, see
Note 9)
27,454
10,488
23,054
24,779
General and administrative (including stock-
based charges,
see Note 9)
39,894
14,022
27,805
30,722
Amortization of intangible assets
20,403
7,928
16,411
14,156
Restructuring charges
—
—
(
215
)
4,228
Total operating expenses
369,124
153,099
255,574
221,461
Operating income (loss)
79,493
32,639
21,721
(53,946
)
Interest and other income, net
3,936
2,407
4,290
6,136
Income (loss) before income taxes
83,429
35,046
26,011
(47,810
)
Provision (benefit) for income taxes
(34,051
)
1,719
(1,781
)
—
Net income (loss)
$
117,480
$
33,327
$
27,792
$
(47,810
)
Net income (loss) per share
—
basic
$
1.91
$
0.52
$
0.45
$
(0.90
)
Net income (loss) per share
—
diluted
$
1.81
$
0.48
$
0.41
$
(0.90
)
Shares used to calculate basic net income (loss) per share
61,404
64,163
61,688
53,309
Shares used to calculate diluted net income (loss) per share
65,012
69,504
67,074
53,309