Nutrisystem 2009 Annual Report Download - page 29

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ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data presented below has been derived from the Company’s
Consolidated Financial Statements for each of the periods indicated. The data set forth below is qualified by
reference to and should be read in conjunction with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and the Company’s Consolidated Financial Statements included as Items 7
and 8, respectively, in this Annual Report on Form 10-K.
Selected Consolidated Financial Data
(in thousands, except per share data)
Year Ended December 31,
2009 2008 2007 2006 2005
Statement of Operations Data:
Revenue .................................... $527,731 $687,741 $776,767 $565,950 $210,161
Costs and expenses:
Cost of revenue ........................... 243,690 326,453 349,891 260,059 103,016
Marketing ............................... 147,017 175,027 178,700 118,150 47,327
General and administrative ................. 77,389 87,605 79,435 52,221 24,691
Depreciation and amortization ............... 16,294(c) 8,508 5,812 2,464 700
Operating income from continuing operations ...... 43,341 90,148 162,929 133,056 34,427
Other income (expense) ........................ 407 (1,145) (39) — —
Equity and impairment loss ..................... (4,000)(b) (9,458)(b) (800) — —
Interest income, net ........................... 106 454 3,728 3,591 846
Income taxes ................................. 10,818 33,572 60,871 50,969 13,567
Discontinued operation ........................ (246) (174) (795)(a) (548) (691)
Net income .................................. $ 28,790 $ 46,253 $104,152 $ 85,130 $ 21,015
Basic income per common share:
Continuing operations ..................... $ 0.94 $ 1.48 $ 3.05 $ 2.39 $ 0.66
Discontinued operation .................... (0.01) (0.01) (0.02) (0.01) (0.02)
Basic ................................... $ 0.93 $ 1.47 $ 3.03 $ 2.38 $ 0.64
Diluted income per common share:
Continuing operations ..................... $ 0.93 $ 1.46 $ 2.98 $ 2.30 $ 0.61
Discontinued operation .................... (0.01) (0.01) (0.02) (0.01) (0.02)
Diluted ................................. $ 0.92 $ 1.45 $ 2.96 $ 2.29 $ 0.59
Weighted average shares outstanding:
Basic ................................... 29,458 30,684 34,397 35,800 32,898
Diluted ................................. 29,769 31,172 35,171 37,122 35,618
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