Virgin Media 2008 Annual Report Download - page 44

(b) Not applicable.
(c) Issuer Purchases of Equity Securities
We made no purchases of our equity securities in the fourth quarter of 2008.
ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial information presented below should be read in conjunction
with the consolidated financial statements and notes thereto and the information contained in our
Management’s Discussion and Analysis of Financial Condition and Results of Operations appearing
elsewhere in this annual report. Historical results are not necessarily indicative of future results.
On July 4, 2006, we acquired 100% of the outstanding shares and options of Virgin Mobile, the
largest mobile virtual network operator in the U.K., with approximately 4.1 million customers as of
December 31, 2008, through a U.K. Scheme of Arrangement.
On March 3, 2006, NTL merged with a subsidiary of Telewest, which changed its name to NTL
Incorporated. As this transaction was accounted for as a reverse acquisition, the financial statements
included in this annual report for the period through March 3, 2006 are those of NTL, which is now
known as Virgin Media Holdings Inc., and for the period since March 3, 2006, these financial
statements reflect the reverse acquisition of Telewest. See note 4 to the consolidated financial
statements of Virgin Media Inc.
On May 9, 2005, we sold our operations in the Republic of Ireland. The results of operations of
the Ireland operations have been removed from our results of continuing operations for all periods
presented. Following the disposal of our operations in the Republic of Ireland, all of our revenue from
continuing operations and substantially all of our assets are denominated in U.K. pounds sterling.
Consequently, we now report our results in pounds sterling. Financial information for all periods
presented has been restated accordingly.
We entered into an agreement for the sale of our Broadcast operations on December 1, 2004 and
closed the sale on January 31, 2005. As of December 31, 2004, we accounted for the Broadcast
operations as a discontinued operation. Therefore, the results of operations of the Broadcast operations
have been removed from our results of continuing operations for all periods presented.
Year ended December 31,
2008 2007 2006 2005 2004
(in millions, except per share data)
Statement of Operations Data:
Revenue ............................. £4,015.9 £4,073.7 £3,602.2 £1,947.6 £2,000.3
Operating (loss) income(1) ............... (339.3) 16.6 9.8 (19.7) (52.5)
Loss from continuing operations ........... (913.8) (463.5) (509.2) (241.7) (509.4)
Basic and diluted loss from continuing
operations per share .................. £(2.79) £(1.42) £(1.74) £(1.13) £(2.34)
Average number of shares outstanding ....... 328.0 325.9 292.9 213.8 218.0
(1) The 2008 operating loss includes goodwill and intangible asset impairments of £417.0 million.
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