Frontier Communications 2008 Annual Report Download - page 22

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Item 6. Selected Financial Data
The following tables present selected historical consolidated financial information of Frontier for the
periods indicated. The selected historical consolidated financial information of Frontier as of and for each of
the five fiscal years in the period ended December 31, 2008 has been derived from Frontier’s historical
consolidated financial statements. The selected historical consolidated financial information as of December 31,
2008 and 2007 and for the three years ended December 31, 2008 is derived from the audited historical
consolidated financial statements of Frontier included elsewhere in this Form 10-K. The selected historical
consolidated financial information as of December 31, 2006, 2005 and 2004 and for the years ended December
31, 2005 and 2004 is derived from the audited historical consolidated financial statements of Frontier not
included in this Form 10-K.
2008 2007 2006 2005 2004
Year Ended December 31,
($ in thousands, except per share amounts)
Revenue(1) ............................. $2,237,018 $2,288,015 $2,025,367 $2,017,041 $2,022,378
Income from continuing operations...... $ 182,660 $ 214,654 $ 254,008 $ 187,942 $ 57,064
Net income . ........................... $ 182,660 $ 214,654 $ 344,555 $ 202,375 $ 72,150
Basic income per share of common
stock from continuing operations ..... $ 0.58 $ 0.65 $ 0.79 $ 0.56 $ 0.19
Earnings available for common
shareholders per basic share . ......... $ 0.58 $ 0.65 $ 1.07 $ 0.60 $ 0.24
Earnings available for common
shareholders per diluted share ........ $ 0.57 $ 0.65 $ 1.06 $ 0.60 $ 0.23
Cash dividends declared (and paid) per
common share ....................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 2.50
2008 2007 2006 2005 2004
As of December 31,
Total assets . ........................... $6,888,676 $7,256,069 $6,797,536 $6,427,567 $6,679,899
Long-term debt ........................ $4,721,685 $4,736,897 $4,467,086 $3,995,130 $4,262,658
Shareholders’ equity. . .................. $ 519,045 $ 997,899 $1,058,032 $1,041,809 $1,362,240
(1) Operating results include activities from our Vermont Electric segment for three months of 2004, and for
Commonwealth from the date of its acquisition on March 8, 2007 and for GVN from the date of its
acquisition on October 31, 2007.
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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES