Frontier Communications 2011 Annual Report Download - page 69

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F-6
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
($ in thousands, except for per-share amounts)
2011 2010 2009
Revenue 5,243,043$ 3,797,675$ 2,117,894$
Operating expenses:
Network access expenses 518,682 383,679 225,907
Other operating expenses 2,278,419 1,611,137 781,097
Depreciation and amortization 1,403,175 893,719 476,391
Acquisition and integration costs 143,146 137,142 28,334
Total operating expenses 4,343,422 3,025,677 1,511,729
Operating income 899,621 771,998 606,165
Investment income 2,391 6,848 6,285
Other income (loss), net 9,135 13,690 (41,127)
Interest expense 665,196 521,820 378,214
Income before income taxes 245,951 270,716 193,109
Income tax expense 88,343 114,999 69,928
Net income 157,608 155,717 123,181
Less: Income attributable to the noncontrolling
interest in a partnership 7,994 3,044 2,398
Net income attributable to common shareholders
of Frontier 149,614$ 152,673$ 120,783$
Basic and diluted net income per common share
attributable to common shareholders of Frontier 0.15$ 0.23$ 0.38$
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
($ in thousands)
2011 2010 2009
Net income 157,608$ 155,717$ 123,181$
Other comprehensive (loss) income, net of tax
(see Note 14) (157,414) 15,970 (8,367)
Comprehensive income 194 171,687 114,814
Less: Comprehensive income attributable to
the noncontrolling interest in a partnership (7,994) (3,044) (2,398)
Comprehensive (loss) income attributable to the
common shareholders of Frontier (7,800)$ 168,643$ 112,416$
The accompanying Notes are an integral part of these Consolidated Financial Statements.