FairPoint Communications 2006 Annual Report Download - page 59
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Operating expenses:
Operating expenses, excluding depreciation and amortization 155,463 143,425 128,804
Depreciation and amortization 53,236 52,390 50,287
Total operating expenses 208,699 195,815 179,091
Other income (expense):
Net gain (loss) on sale of investments and other assets 14,740 (11)104
Interest and dividend income 3,315 2,499 2,335
Interest expense (39,665) (46,416) (104,315)
Impairment on investments —(1,200)(349)
Equity in net earnings of investees 10,616 11,302 10,899
Realized and unrealized losses on interest rate swaps — — (112)
Other nonoperating, net — (87,746) (5,951)
Total other expense (10,994) (121,572)(97,389)
Income (loss) from continuing operations before income taxes 50,376 (54,544)(23,835)
Income tax (expense) benefit (19,858)83,096 (516)
Minority interest in income of subsidiaries (2)(2)(2)
Discontinued operations:
Income on disposal of assets of discontinued operations 574 380 671
Income from discontinued operations 574 380 671
Basic weighted average shares outstanding 34,629 31,927 9,468
Diluted weighted average shares outstanding 34,754 31,957 9,468
Continuing operations $0.88 $ 0.89 $ (2.57)
Discontinued operations 0.02 0.02 0.07
Net income 0.90 0.91 (2.50)
Continuing operations $0.88 $ 0.89 $ (2.57)
Discontinued operations 0.01 0.02 0.07
Net income 0.89 0.91 (2.50)
See accompanying notes to consolidated financial statements.
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