Redbox 2005 Annual Report Download - page 43

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COINSTAR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Year Ended December 31,
2005 2004 2003
REVENUE ..................................................... $459,739 $307,100 $176,136
EXPENSES:
Direct operating ............................................... 309,162 186,926 78,586
Marketing .................................................... 10,748 12,925 13,215
Research and development ....................................... 5,716 5,465 5,772
General and administrative ...................................... 36,625 27,475 19,344
Depreciation and other .......................................... 45,347 35,302 27,006
Amortization of intangible assets .................................. 4,556 2,014 138
Income from operations ......................................... 47,585 36,993 32,075
OTHER INCOME (EXPENSE):
Interest income and other, net .................................... 1,830 521 263
Interest expense ............................................... (12,916) (6,271) (1,210)
Early retirement of debt ......................................... — (706) —
Income before income taxes ...................................... 36,499 30,537 31,128
Income taxes .................................................. (14,227) (10,169) (11,573)
NET INCOME .................................................. $ 22,272 $ 20,368 $ 19,555
NET INCOME PER SHARE:
Basic ........................................................ $ 0.86 $ 0.94 $ 0.91
Diluted ...................................................... $ 0.86 $ 0.93 $ 0.90
WEIGHTED SHARES OUTSTANDING:
Basic ........................................................ 25,767 21,626 21,489
Diluted ...................................................... 26,033 21,959 21,788
See notes to consolidated financial statements
39