Classmates.com 2005 Annual Report Download - page 36

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ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and related
notes and Management’
s Discussion and Analysis of Financial Condition and Results of Operations included elsewhere in this Annual Report on
Form 10-K.
The following table presents the consolidated statements of operations data for the years ended December 31, 2005 and 2004, the six
months ended December 31, 2003, and the year ended June 30, 2003, and the consolidated balance sheet data at December 31, 2005 and 2004.
Such financial data are derived from our audited consolidated financial statements included elsewhere in this Annual Report on Form 10-K. The
table also presents the consolidated statements of operations data for the years ended June 30, 2002 and 2001 and the consolidated balance sheet
data at December 31, 2003 and June 30, 2003, 2002 and 2001 and are derived from our audited consolidated financial statements that are not
included in this Annual Report on Form 10-K.
The following amounts are in thousands, except per share data:
(1)
In November 2004, we acquired Classmates. The results of Classmates are included in our consolidated results of operations from the date
of acquisition. Net income included tax benefits of $68.6 million for the year ended December 31, 2004.
(2)
Net income included tax benefits of $12.3 million for the six months ended December 31, 2003.
(3)
Net income included tax benefits of $4.3 million for the year ended June 30, 2003.
(4)
In September 2001, NetZero and Juno merged and became wholly-
owned subsidiaries of United Online. The results of Juno are included in
our consolidated results of operations from the date of the Merger.
(5)
In March 2001, we recorded an impairment charge of $48.6 million, reflecting the amount by which the carrying amounts of our goodwill
and identifiable intangible assets exceeded their respective fair values.
(6)
In May, August and October of 2005, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common
stock.
35
Year Ended December 31,
Six Months
Ended
December 31,
Year Ended June 30,
2005
2004(1)
2003(2)
2003(3)
2002(4)
2001(5)
Consolidated Statements of
Operations Data:
Total revenues
$
525,061
$
448,617
$
185,738
$
277,295
$
167,515
$
57,217
Operating income (loss)
$
86,560
$
79,493
$
32,639
$
21,721
$
(53,946
)
$
(215,087
)
Net income (loss)
$
47,127
$
117,480
$
33,327
$
27,792
$
(47,810
)
$
(205,756
)
Net income (loss) per
share
—
basic
$
0.77
$
1.91
$
0.52
$
0.45
$
(0.90
)
$
(6.03
)
Net income (loss) per
share
—
diluted
$
0.74
$
1.81
$
0.48
$
0.41
$
(0.90
)
$
(6.03
)
December 31,
June 30,
2005
2004
2003
2003
2002
2001
Consolidated Balance Sheet Data:
Total assets
$
521,188
$
519,852
$
307,879
$
280,676
$
233,593
$
183,863
Non
-
current liabilities
$
45,863
$
81,207
$
—
$
—
$
—
$
3,314
Cash dividends declared per common
share
$
0.60
(6)
$
—
$
—
$
—
$
—
$
—