NetSpend 2011 Annual Report Download - page 41

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Table of Contents
Consolidated Statements of Operations Data
37
Year Ended December 31,
2011 2010 2009
(in thousands of dollars)
Operating Revenues
$
306,255
$
275,387
$
225,000
Operating Expenses
Direct operating costs
146,199
130,783
106,572
Salaries, benefits and other personnel costs
52,736
54,032
46,668
Advertising, marketing and promotion costs
14,230
14,038
13,803
Other general and administrative costs
20,135
18,234
22,074
Depreciation and amortization
15,031
12,725
10,297
Settlement (gains) and other losses
515
4,300
(10,229
)
Total operating expenses
248,846
234,112
189,185
Operating income
57,409
41,275
35,815
Other Income (Expense)
Interest income
108
85
32
Interest expense
(2,457
)
(3,526
)
(5,170
)
Loss on extinguishment of debt
—
(
734
)
—
Total other expense
(2,349
)
(4,175
)
(5,138
)
Income before income taxes
55,060
37,100
30,677
Provision for income taxes
21,814
14,368
12,503
Net income
$
33,246
$
22,732
$
18,174