Redbox 2008 Annual Report Download - page 55

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COINSTAR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
2008 2007 2006
Year Ended December 31,
REVENUE ............................................... $911,900 $546,297 $534,442
EXPENSES:
Direct operating(1) ....................................... 634,285 356,042 359,534
Marketing .............................................. 19,303 11,899 14,420
Research and development ................................. 4,758 5,153 5,246
General and administrative ................................. 95,234 55,193 50,977
Depreciation and other .................................... 76,661 58,841 52,836
Amortization of intangible assets ............................. 9,124 7,331 6,220
Proxy, write-off of acquisition costs, and litigation settlement ........ 3,084 — —
Impairment and excess inventory charges ....................... — 65,220 —
Income (loss) from operations ............................. 69,451 (13,382) 45,209
OTHER INCOME (EXPENSE):
Foreign currency (loss) gain and other ......................... (3,876) 650 161
Interest income .......................................... 1,220 1,698 1,382
Interest expense ......................................... (21,716) (17,069) (15,748)
(Loss) income from equity investments and other ................. (337) 1,333 (66)
Minority interest ......................................... (14,436) — —
Early retirement of debt ................................... — (1,794) (238)
Income (loss) before income taxes .......................... 30,306 (28,564) 30,700
Income tax (expense) benefit ................................ (16,194) 6,311 (12,073)
NET INCOME (LOSS) ...................................... $ 14,112 $ (22,253) $ 18,627
(1) “Direct operating” above excludes depreciation and other of $63.7 million, $50.5 million and $43.8 for the
years ended 2008, 2007 and 2006.
NET INCOME (LOSS) PER SHARE:
Basic ................................................. $ 0.50 $ (0.80) $ 0.67
Diluted ................................................ $ 0.50 $ (0.80) $ 0.66
WEIGHTED SHARES OUTSTANDING:
Basic ................................................. 28,041 27,805 27,686
Diluted ................................................ 28,464 27,805 28,028
See notes to Consolidated Financial Statements
53