MoneyGram 2009 Annual Report Download - page 82

Table of Contents
MONEYGRAM INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF LOSS
FOR THE YEAR ENDED DECEMBER 31, 2009 2008 2007
(Amounts in thousands, except per share data)
REVENUE
Fee and other revenue $ 1,130,893 $ 1,105,676 $ 949,059
Investment revenue 33,219 162,130 398,234
Net securities gains (losses) 7,790 (340,688) (1,189,756)
Total revenue 1,171,902 927,118 157,537
Fee commissions expense 497,105 502,317 410,301
Investment commissions expense 1,362 102,292 253,607
Total commissions expense 498,467 604,609 663,908
Net revenue (losses) 673,435 322,509 (506,371)
EXPENSES
Compensation and benefits 199,053 224,580 188,092
Transaction and operations support 284,277 219,905 191,066
Occupancy, equipment and supplies 47,425 45,994 44,704
Interest expense 107,911 95,020 11,055
Depreciation and amortization 57,091 56,672 51,979
Valuation loss on embedded derivatives — 16,030 —
Debt extinguishment loss — 1,499 —
Total expenses 695,757 659,700 486,896
Loss from continuing operations before income taxes (22,322) (337,191) (993,267)
Income tax (benefit) expense (20,416) (75,806) 78,481
Loss from continuing operations (1,906) (261,385) (1,071,748)
Loss from discontinued operations, net of tax — — (249)
NET LOSS $ (1,906) $ (261,385) $ (1,071,997)
BASIC AND DILUTED LOSS PER COMMON SHARE:
Continuing operations $ (1.48) $ (4.19) $ (12.94)
Discontinued operations, net of tax — — —
Net loss per common share $ (1.48) $ (4.19) $ (12.94)
Net loss available to common stockholders:
Loss from continuing operations $ (1,906) $ (261,385) $ (1,071,748)
Accrued preferred stock dividends (110,279) (76,593) —
Accretion recognized on preferred stock (10,213) (7,736) —
Net loss available to common stockholders from continuing operations (122,398) (345,714) (1,071,748)
Loss allocated to common stockholders from discontinued operations, net of tax — — (249)
Net loss available to common stockholders $ (122,398) $ (345,714) $ (1,071,997)
Weighted-average outstanding common shares 82,499 82,456 82,818
See Notes to Consolidated Financial Statements
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