Redbox 2005 Annual Report Download - page 20

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Year Ended December 31,
2005 2004 2003 2002 2001
(in thousands, except per share data)
Consolidated Statements of Operations:
REVENUE .................................. $459,739 $307,100 $176,136 $155,675 $129,352
EXPENSES:
Direct operating .......................... 309,162 186,926 78,586 69,451 59,326
Marketing ............................... 10,748 12,925 13,215 10,689 11,039
Research and development .................. 5,716 5,465 5,772 4,997 4,162
General and administrative ................. 36,625 27,475 19,344 19,061 19,140
Depreciation and other ..................... 45,347 35,302 27,006 25,810 26,349
Amortization of intangible assets ............. 4,556 2,014 138 — —
Income from operations ........................ 47,585 36,993 32,075 25,667 9,336
OTHER INCOME (EXPENSE):
Interest income and other, net ............... 1,830 521 263 309 707
Interest expense .......................... (12,916) (6,271) (1,210) (3,710) (8,302)
Early retirement of debt .................... — (706) — (6,308) —
Income from continuing operations before income
taxes ..................................... 36,499 30,537 31,128 15,958 1,741
Income taxes ................................. (14,227) (10,169) (11,573) 42,555 —
Income from continuing operations ............... 22,272 20,368 19,555 58,513 1,741
DISCONTINUED OPERATIONS:
Loss from discontinued operations ...........————(9,127)
NET INCOME (LOSS) ........................ $ 22,272 $ 20,368 $ 19,555 $ 58,513 $ (7,386)
NET INCOME (LOSS) PER SHARE:
Basic:(1)
Continuing operations ................. $ 0.86 $ 0.94 $ 0.91 $ 2.68 $ 0.08
Discontinued operations ................————(0.43)
Net income (loss) per share ......... $ 0.86 $ 0.94 $ 0.91 $ 2.68 $ (0.35)
Diluted:(1)
Continuing operations ................. $ 0.86 $ 0.93 $ 0.90 $ 2.58 $ 0.08
Discontinued operations ................————(0.42)
Net income (loss) per share ......... $ 0.86 $ 0.93 $ 0.90 $ 2.58 $ (0.34)
Consolidated Balance Sheet Data:
Cash and cash equivalents(2) ................ $ 45,365 $ 61,878 $ 7,125 $ 21,684 $ 31,953
Cash in machines or in transit(3) ............. 60,070 35,751 31,757 19,876 8,475
Cash being processed(4) .................... 69,832 59,158 60,782 61,283 65,507
Total assets .............................. 643,401 547,134 204,074 216,636 171,187
Total debt, capital lease obligations and other,
including current portion ................. 210,478 211,410 17,461 36,746 62,643
Common stock ........................... 328,951 282,046 191,370 187,473 171,059
Total stockholders’ equity .................. 294,047 226,146 114,190 105,251 37,227
(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) Cash in machines or in transit is unavailable for immediate cash requirements as it represents cash being
processed by carriers, cash deposits in transit, or coin residing in our coin-counting or entertainment
services machines.
(4) Cash being processed represents coin residing in our coin-counting or entertainment services machines or
being processed by carriers, which we are specifically obligated to use to settle our accrued liabilities
payable to retailers.
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