Virgin Media 2009 Annual Report Download - page 100
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VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(in millions, except per share data)
Year ended December 31,
2009 2008 2007
Revenue .............................................. £3,804.4 £3,776.8 £3,838.6
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) . . 1,635.7 1,647.1 1,652.2
Selling, general and administrative expenses ................... 808.0 828.0 906.0
Restructuring and other charges ........................... 40.4 22.7 28.7
Depreciation ......................................... 930.5 902.8 922.3
Amortization ......................................... 243.1 285.8 301.0
Goodwill and intangible asset impairments .................... 4.7 362.2 —
3,662.4 4,048.6 3,810.2
Operating income (loss) ................................... 142.0 (271.8) 28.4
Other income (expense)
Interest income and other, net ............................ 6.2 26.1 18.3
Interest expense ....................................... (455.1) (499.4) (514.1)
Loss on extinguishment of debt ............................ (54.5) (9.6) (3.2)
Share of income from equity investments ..................... 14.1 14.4 17.7
(Losses) gains on derivative instruments ..................... (114.5) 283.7 (2.5)
Foreign currency gains (losses) ............................ 124.3 (403.6) 5.1
Loss from continuing operations before income taxes ............. (337.5) (860.2) (450.3)
Income tax benefit (expense) ............................. 2.5 6.8 (2.5)
Loss from continuing operations ............................ (335.0) (853.4) (452.8)
Discontinued operations
Loss from discontinued operations, net of tax ................. (22.8) (66.6) (10.7)
Net loss .............................................. £(357.8) £ (920.0) £ (463.5)
Basic and diluted loss from continuing operations per common share . £ (1.02) £ (2.60) £ (1.39)
Basic and diluted loss from discontinued operations per common share £ (0.07) £ (0.20) £ (0.03)
Basic and diluted net loss per common share ................... £ (1.09) £ (2.80) £ (1.42)
Dividends per share (in U.S. dollars) ......................... $ 0.16 $ 0.16 $ 0.13
Average number of shares outstanding ........................ 328.8 328.0 325.9
See accompanying notes.
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