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Table of Contents
Item 6. Selected Financial Data.
The following selected consolidated financial data was derived from our consolidated financial statements. The data should be read in
conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial
statements and notes thereto included elsewhere in this Annual Report on Form 10-K.
30
Year Ended December 31,
2010 (1)
2011 (1)
2012
2013
2014
(in thousands, except per share amounts)
Statement of operations data:
Revenues
$
621,204
$
1,300,543
$
1,335,135
$
1,240,606
$
1,176,895
Operating costs and expenses (2)(3)
459,355
1,170,899
1,263,112
1,505,555
1,197,749
Income (loss) from operations
161,849
129,644
72,023
(264,949
)
(20,854
)
Income (loss) from continuing operations (4)
81,573
37,273
9,938
(536,866
)
(72,371
)
Loss from discontinued operations, net of tax (5)
(93
)
(2,706
)
(2,418
)
(1,961
)
(381
)
Net income (loss)
81,480
34,567
7,520
(538,827
)
(72,752
)
Basic net income (loss) per share
Continuing operations
$
0.75
$
0.34
$
0.09
$
(5.23
)
$
(0.71
)
Discontinued operations
—
(
0.03
)
(0.02
)
(0.02
)
—
Basic net income (loss) per share
$
0.75
$
0.32
$
0.07
$
(5.25
)
$
(0.71
)
Diluted net income (loss) per share
Continuing operations
$
0.75
$
0.34
$
0.09
$
(5.23
)
$
(0.71
)
Discontinued operations
—
(
0.02
)
(0.02
)
(0.02
)
—
Diluted net income (loss) per share
$
0.74
$
0.32
$
0.07
$
(5.25
)
$
(0.71
)
Basic weighted average common shares outstanding
108,057
108,098
105,221
102,599
102,313
Diluted weighted average common shares outstanding
109,468
108,949
105,983
102,599
102,313
Cash dividends declared per common share
$
0.62
$
0.20
$
0.20
$
0.20
$
0.20
Cash flow data:
Cash provided by operating activities
154,449
146,234
191,055
124,156
139,995
Cash (used in) provided by investing activities
(454,193
)
141,594
(163,836
)
(112,500
)
(102,777
)
Cash used in financing activities
(68,299
)
(318,997
)
(81,381
)
(52,641
)
(19,721
)
As of December 31,
2010
2011
2012
2013
2014
(in thousands)
Balance sheet data:
Cash and cash equivalents
$
242,952
$
211,783
$
157,621
$
116,636
$
134,133
Investments in marketable securities
320,118
29,607
46,851
—
—
Cash and marketable securities
563,070
241,390
204,472
116,636
134,133
Total assets
1,523,918
1,680,451
1,599,410
1,007,318
910,161
Long-term debt, including long-term portion of capital
leases (6)
594,320
653,765
614,890
606,442
606,284
Total liabilities
766,050
927,307
880,606
845,100
835,377
Accumulated deficit
(648,235
)
(613,668
)
(606,148
)
(1,144,975
)
(1,217,727
)
Stockholders' equity
757,868
753,144
718,804
162,218
74,784