Classmates.com 2007 Annual Report Download - page 37

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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, 2007, 2006 and 2005, and the
consolidated balance sheet data at December 31, 2007 and 2006. 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 year ended December 31, 2004, the six months ended December 31, 2003 and the year ended June 30, 2003 and the consolidated balance
sheet data at December 31, 2004 and 2003 and June 30, 2003 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)
Year Ended December 31,
Six Months
Ended
December 31,
2003(2)
Year Ended
June 30, 2003(1)
2007(5)
2006(4)
2005
2004(3)
Consolidated Statements of Operations
Data:
Revenues
$
513,503
$
522,654
$
525,061
$
448,617
$
185,738
$
277,295
Operating income
$
92,301
$
74,019
$
86,560
$
79,493
$
32,639
$
21,721
Net income
$
57,777
$
42,272
$
47,127
$
117,480
$
33,327
$
27,792
Net income per share
—
basic
$
0.87
$
0.66
$
0.77
$
1.91
$
0.52
$
0.45
Net income per share
—
diluted
$
0.83
$
0.64
$
0.74
$
1.81
$
0.48
$
0.41
December 31,
June 30, 2003
2007
2006
2005
2004
2003
Consolidated Balance Sheet Data:
Total assets
$
552,393
$
503,019
$
521,188
$
519,852
$
307,879
$
280,676
Non
-
current liabilities
$
20,486
$
10,983
$
45,863
$
81,207
$
—
$
—
Cash dividends declared and paid per common
share
$
0.80
$
0.80
$
0.60
$
—
$
—
$
—
Net income included tax benefits of $4.3 million for the year ended June 30, 2003 for the realization of net operating loss ("NOL")
carryforward benefits due to a change in the valuation allowance.
(2)
Net income included NOL tax benefits of $12.3 million for the six months ended December 31, 2003.
(3) In November 2004, we acquired Classmates Online, Inc., or Classmates. The results of Classmates are included in our consolidated
statements of operations from the date of acquisition. Net income included NOL tax benefits of $68.6 million for the year ended
December 31, 2004.
(4) In April 2006, we acquired MyPoints.com, Inc., or MyPoints. The results of MyPoints are included in our consolidated statements of
operations from the date of acquisition. For additional information regarding our acquisitions, see Note 2—"
Acquisitions" of the Notes to
the Consolidated Financial Statements, which appears in Part II, Item 8 of this Annual Report on Form 10-K. Additionally, in the
December 2006 quarter, we recorded a $13.3 million ($8.0 million, net of tax) impairment of goodwill, intangible assets and long-lived
assets.
(5)
We recorded restructuring charges of $3.4 million in the year ended December 31, 2007.
35