Orbitz 2008 Annual Report Download - page 71

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ORBITZ WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except share and per share data)
Year Ended
December 31,
2007
Successor
Period from
August 23, 2006
to December 31,
2006
Successor
Period from
January 1, 2006
to August 22,
2006
Predecessor
Year Ended
December 31,
2005
Predecessor
Net revenue $ 859 $ 242 $ 510 $ 686
Cost and expenses
Cost of revenue 157 38 75 101
Selling, general and administrative 301 112 191 293
Marketing 302 89 188 224
Depreciation and amortization 57 18 37 78
Impairment of goodwill and intangible assets — — 122 400
Total operating expenses 817 257 613 1,096
Operating income (loss) 42 (15) (103) (410)
Other (expense) income
Interest expense, net (83) (9) (18) (22)
Other income, net — — 1 2
Total other (expense) (83) (9) (17) (20)
Loss before income taxes and minority interest (41) (24) (120) (430)
Provision (benefit) for income taxes 43 1 1 (42)
Minority interest, net of tax 1 — — —
Net loss $ (85) $ (25) $ (121) $ (388)
Period from
July 18, 2007 to
December 31,
2007
Net loss $ (42)
Net loss per share—basic and diluted:
Net loss per share $ (0.51)
Weighted average shares outstanding 81,600,478
See Notes to Consolidated Financial Statements.
64
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008