Redbox 2004 Annual Report Download - page 18

14
Item 6. Selected Consolidated Financial Data.
The following selected financial data 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 Consolidated Financial
Statements of Coinstar, Inc. and related Notes thereto included elsewhere in this Annual Report on Form 10-K.
Year Ended December 31,
2004 2003 2002 2001 2000
(in thousands, except per share, per unit data and where noted)
Consolidated Statements of Operations:
REVENUE $ 307,100 $ 176,136 $ 155,675 $ 129,352 $ 102,609
EXPENSES:
Direct operating................................................................
.....
186,926 78,586 69,451 59,326 49,294
Sales and marketing................................
...............................
12,925 13,215 10,689 11,039 12,867
Research and development ................................
....................
5,465 5,772 4,997 4,162 3,497
General and administrative................................
....................
27,475 19,344 19,061 19,140 15,568
Depreciation and other................................
...........................
35,302 27,006 25,810 26,349 24,460
Amortization of intangible assets ................................
..........
2,014 138 — — —
Income (loss) from operations................................
..........................
36,993 32,075 25,667 9,336 (3,077)
OTHER INCOME (EXPENSE):
Interest income and other, net................................
................
521 263 309 707 1,740
Interest expense ................................................................
.....
(6,271) (1,210) (3,710) (8,302) (8,517)
Early retirement of debt................................
.........................
(706) — (6,308) — —
Income (loss) from continuing operations before income taxes
.......
30,537 31,128 15,958 1,741 (9,854)
Income taxes ................................................................
....................
(10,169) (11,573) 42,555 — —
Income (loss) from continuing operations................................
........
20,368 19,555 58,513 1,741 (9,854)
DISCONTINUED OPERATIONS:
Loss from discontinued operations................................
........
— — — (9,127) (12,840)
NET INCOME (LOSS) $ 20,368 $ 19,555 $ 58,513 $ (7,386) $ (22,694)
NET INCOME (LOSS) PER SHARE:
Basic:(1)
Continuing operations................................
.................
$ 0.94 $ 0.91 $ 2.68 $ 0.08 $ (0.49)
Discontinued operations................................
..............
— — — (0.43) (0.63)
Net income (loss) per share
..............................
$ 0.94 $ 0.91 $ 2.68 $ (0.35) $ (1.12)
Diluted:(1)
Continuing operations................................
.................
$ 0.93 $ 0.90 $ 2.58 $ 0.08 $ (0.49)
Discontinued operations................................
..............
— — — (0.42) (0.63)
Net income (loss) per share
..............................
$ 0.93 $ 0.90 $ 2.58 $ (0.34) $ (1.12)
Consolidated Balance Sheet Data:
Cash and cash equivalents(2)(3)................................
............
$ 94,640 $ 38,882 $ 41,560 $ 40,428 $ 20,102
Cash being processed(4)................................
........................
62,147 60,782 61,283 65,507 50,582
Total assets ................................................................
............
547,134 204,074 216,636 171,187 156,037
Total debt and capital lease obligations, including current
portion................................................................
..............
210,919 17,461 36,746 62,643 62,735
Common stock................................................................
.......
282,046 191,370 187,473 171,059 161,339
Total stockholders’ equity ................................
.....................
226,146 114,190 105,251 37,227 34,842
(1) See Note 13 to Consolidated Financial Statements for an explanation of the determination of the number of shares used
in computing net income per share information, basic and diluted.
(2) Excludes balances related to Meals.com, as the operations were discontinued during 2001.
(3) A significant portion of this cash and cash equivalents balance is unavailable for immediate cash requirements as it
represents coin residing in our coin-counting machines that have not yet been picked up, processed and deposited by
our third-party service providers.
(4) Cash being processed represents coin residing in our coin-counting or entertainment machines or being processed by
third-party carriers, which we are specifically obligated to use to settle our accrued liabilities payable to retailers.