Earthlink 2003 Annual Report Download - page 64

(1)
Mar. 31,
2002
June 30,
2002
Sept. 30,
2002
Dec. 31,
2002
Mar. 31,
2003
June 30,
2003
Sept. 30,
2003
Dec. 31,
2003
(unaudited)
(in thousands, except per share data)
Revenues
$
333,410
$
335,459
$
340,698
$
347,854
$
353,749
$
352,253
$
347,352
$
348,576
Operating costs and expenses
391,707
374,011
369,093
382,631
417,738
368,193
345,061
337,902
Income (loss) from operations
(58,297
)
(38,552
)
(28,395
)
(34,777
)
(63,989
)
(15,940
)
2,291
10,674
Interest income and other, net
3,720
3,702
2,696
1,870
2,056
1,461
1,209
44
Net income (loss)
(54,577
)
(34,850
)
(25,699
)
(32,907
)
(61,933
)
(14,479
)
3,500
10,718
Deductions for accretion dividends (1)
(6,113
)
(5,509
)
(4,369
)
(3,996
)
(3,744
)
(842
) — —
Net income (loss) attributable to common
stockholders $
(60,690
) $
(40,359
) $
(30,068
) $
(36,903
) $
(65,677
) $
(15,321
) $
3,500
$
10,718
Basic net income (loss) per share (2)
$
(0.41
)
$
(0.27
)
$
(0.20
)
$
(0.24
)
$
(0.43
)
$
(0.10
)
$
0.02
$
0.07
Diluted net income (loss) per share (2) $
(0.41
) $
(0.27
) $
(0.20
) $
(0.24
) $
(0.43
) $
(0.10
) $
0.02
$
0.07
Basic weighted average common shares
outstanding
148,407
150,226
152,231
154,473
153,407
156,388
159,998
159,399
Diluted weighted average common shares
outstanding
148,407
150,226
152,231
154,473
153,407
156,388
162,747
162,774
Reflects the accretion of the liquidation value per share on the Series A and Series B convertible preferred stock at a 3% annual rate, compounded quarterly, and dividends related
to the beneficial conversion features of the Series A and Series B convertible preferred stock in accordance with EITF Issue No. 98-5.
(2)
Because of the method used in calculating per share data, the quarterly net income (loss) per share amounts will not necessarily add to the net loss per share computed for the year.
F-32
EXHIBIT INDEX
Exhibit Description
3.1 — Second Amended and Restated Certificate of Incorporation of EarthLink, Inc. (incorporated by reference to Exhibit 3.1 to the
Registration Statement on Form S
-
3 of EarthLink, Inc.
—
File No. 333
-
109691).
3.2
— Amended and Restated Bylaws of EarthLink, Inc. (incorporated by reference to Exhibit 3.2 to the Registration Statement on
Form S
-
3 of EarthLink, Inc.
—
File No. 333
-
109691).
4.1
— Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.3 of the Registration Statement on Form S-8 of
EarthLink, Inc.
—
File No. 333
-
30024).
4.2
— Rights Agreement, dated as of August 6, 2002, between EarthLink, Inc. and American Stock Transfer and Trust Co.
(incorporated by reference to Exhibit 4.1 to EarthLink, Inc.'s Form 8
-
K, dated August 6, 2002
—
File No. 001
-
15605).
10.1
— EarthLink, Inc. Stock Incentive Plan, as amended (incorporated by reference to Exhibit 4.4 of EarthLink, Inc.'s Post Effective
Amendment to Registration Statement on Form S
-
8
—
File No. 333
-
39456).
10.2
— EarthLink, Inc. Equity Plan for Non-Employee Directors, as amended (incorporated by reference to Exhibit 4.4 of EarthLink,
Inc.'s Post Effective Amendment to Registration Statement on Form S
-
8
—
File No. 333
-
108065).
10.3
— EarthLink, Inc. Deferred Compensation Plan for Directors and Certain Key Employees (incorporated by reference to Exhibit
4.5 of EarthLink, Inc.'s Post Effective Amendment to Registration Statement on Form S
-
8
—
File No. 333
-
108065).
10.4
— 1995 Stock Option Plan and Form of Stock Option Agreement (incorporated by reference to Exhibit 4.4 of EarthLink, Inc.'s
Registration Statement on Form S
-
8
—
File No. 333
-
30024).
10.5
— MindSpring Enterprises, Inc. 1995 Stock Option Plan, as amended (incorporated by reference to Exhibit 4.5 of EarthLink,
Inc.'s Registration Statement on Form S
-
8
—
File No. 333
-
30024).
10.6
— MindSpring Enterprises, Inc. 1995 Directors Stock Option Plan, as amended (incorporated by reference to Exhibit 4.6 of
EarthLink, Inc.'s Registration Statement on Form S
-
8
—
File No. 333
-
30024).