Orbitz 2009 Annual Report Download - page 37
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SELECTED FINANCIAL DATA
(in millions, except share and per share data)
2008
Successor
2007
Successor
Period from
August 23,
2006 to
December 31,
2006
Successor
Period from
January 1,
2006 to
August 22,
2006
Predecessor
2006(a)
Combined
2005
Predecessor
2004
Predecessor
Year Ended
December 31, Year Ended December 31,
Statements of operations data:
Net revenue .................... $ 870 $859 $242 $ 510 $ 752 $ 686 $244
Cost and expenses
Cost of revenue ................ 163 157 38 75 113 101 43
Selling, general and administrative . . 272 301 112 191 303 293 131
Marketing .................... 310 302 89 188 277 224 86
Depreciation and amortization ...... 66 57 18 37 55 78 32
Impairment of goodwill and
intangible assets .............. 297 — — 122 122 400 10
Total operating expenses............ 1,108 817 257 613 870 1,096 302
Operating (loss) income ........... (238) 42 (15) (103) (118) (410) (58)
Other (expense) income
Interest expense, net ............. (63) (83) (9) (18) (27) (22) (2)
Other income, net ............... — — — 1 1 2 —
Total other (expense) .............. (63) (83) (9) (17) (26) (20) (2)
Loss before income taxes and
minority interest ............... (301) (41) (24) (120) (144) (430) (60)
(Benefit) provision for income taxes . . . (2) 43 1 1 2 (42) 3
Minority interest, net of tax ......... — 1 — — — — —
Net loss ........................ $ (299) $ (85) $ (25) $(121) $(146) $ (388) $ (63)
Year
Ended
December 31,
2008
Period from
July 18, 2007
to
December 31,
2007
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . $ (299) $ (42)
Net loss per share — basic and diluted:
Net loss per share. . . . . . . . . . . . . . . . . $ (3.58) $ (0.51)
Weighted average shares outstanding . . . 83,342,333 81,600,478
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