Frontier Communications 2006 Annual Report Download - page 20

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a) Total
Number
of Shares
Purchased
(b) Average
Price Paid
per Share
(c) Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
(d) Maximum
Approximate Dollar
Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
October 1, 2006 to October 31, 2006
Share Repurchase Program (1) .............. — $ — — $ —
Employee Transactions (2) ................. 722 $14.36 N/A N/A
November 1, 2006 to November 30, 2006
Share Repurchase Program (1) .............. — $ — — $ —
Employee Transactions (2) ................. 12,435 $14.66 N/A N/A
December 1, 2006 to December 31, 2006
Share Repurchase Program (1) .............. — $ — — $ —
Employee Transactions (2) ................. — $ — N/A N/A
Totals October 1, 2006 to December 31, 2006
Share Repurchase Program (1) .............. — $ — — $ —
Employee Transactions (2) ................. 13,157 $14.64 N/A N/A
(1) In February 2006, our Board of Directors authorized the Company to repurchase up to $300.0 million of the
Company’s common stock, in public or private transactions, over the following twelve month period. This
share repurchase program commenced on March 6, 2006. No shares were repurchased during the fourth
quarter of 2006.
(2) Includes restricted shares withheld (under the terms of grants under employee stock compensation plans) to
offset minimum tax withholding obligations that occur upon the vesting of restricted shares. The Company’s
stock compensation plans provide that the value of shares withheld shall be the average of the high and low
price of the Company’s common stock on the date the relevant transaction occurs.
ITEM 6. SELECTED FINANCIAL DATA
Year Ended December 31,
($ in thousands, except per share amounts) 2006 2005 2004 2003 2002
Revenue (4) ........................... $2,025,367 $2,017,041 $2,022,378 $2,268,561 $2,482,440
Income (loss) from continuing operations
before cumulative effect of change in
accounting principle (1) ............... $ 254,008 $ 187,942 $ 57,064 $ 71,879 $ (313,257)
Net income (loss) ..................... $ 344,555 $ 202,375 $ 72,150 $ 187,852 $ (682,897)
Basic income (loss) per share of common
stock from continuing operations before
cumulative effect of change in accounting
principle (1) ......................... $ 0.79 $ 0.56 $ 0.19 $ 0.26 $ (1.12)
Earnings (loss) available for common
shareholders per basic share ........... $ 1.07 $ 0.60 $ 0.24 $ 0.67 $ (2.43)
Earnings (loss) available for common
shareholders per diluted share .......... $ 1.06 $ 0.60 $ 0.23 $ 0.64 $ (2.43)
Cash dividends declared (and paid) per
common share ...................... $ 1.00 $ 1.00 $ 2.50 $ — $ —
19