Travelzoo 2010 Annual Report Download - page 48

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Item 6. Selected Consolidated Financial Data
The selected consolidated financial data set forth below are derived from audited consolidated financial
statements. The following selected consolidated financial data is qualified in its entirety by, and should be read in
conjunction with, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and
the consolidated financial statements and the notes thereto included elsewhere herein.
Consolidated Statement of Operations Data:
2010 2009 2008 2007 2006
Year Ended December 31,
(In thousands, except per share data)
Revenues ................................ $112,784 $93,973 $ 80,817 $78,904 $69,525
Income from continuing operations ............. 23,512 13,708 13,312 23,679 29,753
Income from continuing operations, net of taxes . . . 13,157 6,418 5,913 12,108 16,803
Loss from discontinued operations, net of taxes .... — (1,233) (10,029) (2,999) —
Net income (loss) .......................... 13,157 5,185 (4,116) 9,109 16,803
Basic net income (loss) per share from:
Continuing operations ....................... $ 0.80 $ 0.39 $ 0.41 $ 0.82 $ 1.08
Discontinued operations ..................... $ — $ (0.08) $ (0.70) $ (0.20) $ —
Net income (loss) per share................... $ 0.80 $ 0.32 $ (0.29) $ 0.61 $ 1.08
Diluted net income (loss) per share from:
Continuing operations ....................... $ 0.80 $ 0.39 $ 0.37 $ 0.75 $ 1.01
Discontinued operations ..................... $ — $ (0.08) $ (0.62) $ (0.19) $ —
Net income (loss) per share................... $ 0.80 $ 0.32 $ (0.25) $ 0.57 $ 1.01
Shares used in per share calculation — basic ...... 16,444 16,408 14,273 14,847 15,503
Shares used in per share calculation — diluted..... 16,453 16,416 16,190 16,074 16,712
Consolidated Balance Sheet Data:
2010 2009 2008 2007 2006
December 31,
(In thousands)
Cash and cash equivalents ..................... $41,184 $19,776 $14,179 $22,641 $33,415
Working capital ............................. 39,563 27,250 17,642 26,202 36,472
Total assets ................................ 66,002 46,132 35,322 37,286 43,700
Stockholders’ equity ......................... 45,889 30,771 20,763 25,902 36,817
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis of Travelzoo’s financial condition and results of operations should be
read in conjunction with, and is qualified in its entirety by reference to, the consolidated financial statements and the
notes thereto appearing elsewhere in this report.
Overview
Travelzoo Inc. is a global Internet media company. We inform over 22 million subscribers worldwide, as well
as millions of website users, about the best travel, entertainment and local deals available from thousands of
companies. Our deal experts source, research and test-book offers, recommending only those that meet our rigorous
quality standards. We provide travel companies, entertainment companies, and local businesses with a fast, flexible,
and cost effective way to reach millions of consumers. Our revenues are generated primarily from advertising fees.
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