NetSpend 2011 Annual Report Download - page 33

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The tables below set forth selected consolidated financial data for the periods indicated. The consolidated balance sheet data as of
December 31, 2011 and 2010 and statement of operations data for the years ended December 31, 2011, 2010 and 2009 have been derived from
the audited consolidated financial statements of NetSpend Holdings, Inc. included elsewhere in this Form 10-
K. The consolidated balance sheet
data as of December 31, 2009, 2008 and 2007 and statement of operations data for the years ended December 31, 2008 and 2007 have been
derived from the audited consolidated financial statements of NetSpend Holdings, Inc. not included in this Form 10-K. It is important that you
read this information together with "Management's Discussion and Analysis of Financial Condition and Results of Operations" beginning on
page 33, and our consolidated financial statements and related notes beginning on page 61.
Our historical results for any prior period are not necessarily indicative of results to be expected in any future period.
Consolidated Statement of Operations Data
Balance Sheet Data
29
Year Ended December 31,
2011 2010 2009 2008 2007
(in thousands of dollars, except per share data)
Revenues
$
306,255
$
275,387
$
225,000
$
183,170
$
128,597
Direct operating costs
146,199
130,783
106,572
80,216
57,294
Other operating expenses
102,132
99,029
92,842
76,983
46,020
Goodwill and intangible asset
impairment
—
—
—
26,285
—
Settlement (gains) and other losses
515
4,300
(10,229
)
—
—
Operating income (loss)
57,409
41,275
35,815
(314
)
25,283
Income (loss) before income taxes
55,060
37,100
30,677
(4,338
)
24,094
Income tax expense
21,814
14,368
12,503
7,307
9,368
Net income (loss)
$
33,246
$
22,732
$
18,174
$
(11,645
)
$
14,726
Net income (loss) per common
share:
Basic
Common stock
$
0.37
$
0.26
$
0.21
$
(0.74
)
$
(2.47
)
Class B common stock
$
—
$
—
$
0.21
$
(0.74
)
$
(2.47
)
Diluted
Common stock
$
0.36
$
0.26
$
0.21
$
(0.74
)
$
(2.47
)
Class B common stock
$
—
$
—
$
0.21
$
(0.74
)
$
(2.47
)
As of December 31,
2011 2010 2009 2008 2007
(in thousands of dollars)
Cash and cash equivalents
$
72,076
$
67,501
$
21,154
$
21,490
$
30,141
Total assets
272,742
263,903
222,285
216,747
109,734
Long-term debt, net of current
portion
58,500
58,500
51,979
76,875
42,000
Total stockholders' equity
170,853
156,816
109,352
88,345
35,544