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Table of Contents
EARTHLINK HOLDINGS CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
The accompanying notes are an integral part of these financial statements.
58
Year Ended December 31,
2012
2013
2014
(in thousands, except per share data)
Revenues
$
1,335,135
$
1,240,606
$
1,176,895
Operating costs and expenses:
Cost of revenues (exclusive of depreciation and amortization shown separately
below)
632,616
600,742
557,436
Selling, general and administrative (exclusive of depreciation and amortization
shown separately below)
429,087
426,070
419,019
Depreciation and amortization
183,165
183,114
186,872
Impairment of goodwill and long-lived assets
—
255,599
14,334
Restructuring, acquisition and integration-related costs
18,244
40,030
20,088
Total operating costs and expenses
1,263,112
1,505,555
1,197,749
Income (loss) from operations
72,023
(264,949
)
(20,854
)
Interest expense and other, net
(63,416
)
(60,686
)
(56,261
)
Income (loss) from continuing operations before income taxes
8,607
(325,635
)
(77,115
)
Income tax (provision) benefit
1,331
(211,231
)
4,744
Income (loss) from continuing operations
9,938
(536,866
)
(72,371
)
Loss from discontinued operations, net of tax
(2,418
)
(1,961
)
(381
)
Net income (loss)
$
7,520
$
(538,827
)
$
(72,752
)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses) on investments, net of tax
26
(12
)
—
Other comprehensive income (loss), net of tax
26
(12
)
—
Comprehensive income (loss)
$
7,546
$
(538,839
)
$
(72,752
)
Basic net income (loss) per share
Continuing operations
$
0.09
$
(5.23
)
$
(0.71
)
Discontinued operations
(0.02
)
(0.02
)
—
Basic net income (loss) per share
$
0.07
$
(5.25
)
$
(0.71
)
Basic weighted average common shares outstanding
105,221
102,599
102,313
Diluted net income (loss) per share
Continuing operations
$
0.09
$
(5.23
)
$
(0.71
)
Discontinued operations
(0.02
)
(0.02
)
—
Diluted net income (loss) per share
$
0.07
$
(5.25
)
$
(0.71
)
Diluted weighted average common shares outstanding
105,983
102,599
102,313