MoneyGram 2008 Annual Report Download - page 142

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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Geographic areas — International operations are located principally in Europe. International revenues are defined as revenues generated
from money transfer transactions originating in a country other than the United States. Long-lived assets are principally located in the
United States. The table below presents revenue by major geographic area for the year ended December 31:
(Amounts in thousands) 2008 2007 2006
United States $ 544,885 $ (142,766) $ 918,820
International 382,233 300,303 240,739
Total revenue $ 927,118 $ 157,537 $ 1,159,559
Note 18 — Quarterly Financial Data (Unaudited)
The summation of quarterly earnings per share may not equate to the calculation for the full year as quarterly calculations are performed
on a discrete basis.
2008 Fiscal Quarters
(Amounts in thousands, except per share data) First (1) Second (1) Third (1) Fourth (1)
Revenues $ 17,062 $ 286,088 $ 304,999 $ 318,969
Commission expense 214,121 123,713 141,365 125,409
Net (losses) revenues (197,059) 162,375 163,634 193,560
Operating expenses, excluding commission expense 146,056 138,955 202,098 172,592
(Loss) income from continuing operations before income taxes $ (343,115) $ 23,420 $ (38,464) $ 20,968
(Loss) income from continuing operations $ (360,855) $ 15,161 $ (38,552) $ 122,861
Loss from discontinued operations, net of taxes — — — —
Net (loss) income $ (360,855) $ 15,161 $ (38,552) $ 122,861
(Loss) earnings per common share
Basic $ (4.40) $ (0.11) $ (0.80) $ 0.23
Diluted $ (4.40) $ (0.11) $ (0.80) $ 0.47
F-56