Virgin Media 2009 Annual Report Download - page 166

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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions)
Year ended December 31,
2009 2008 2007
Revenue .............................................. £3,698.3 £3,666.0 £3,724.3
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) . . 1,590.2 1,598.5 1,606.9
Selling, general and administrative expenses ................... 763.0 781.2 846.4
Restructuring and other charges ........................... 39.2 22.0 27.2
Depreciation ......................................... 909.7 882.4 900.4
Amortization ......................................... 243.1 283.4 293.2
Goodwill and intangible asset impairments .................... 4.7 362.2 —
3,549.9 3,929.7 3,674.1
Operating income (loss) ................................... 148.4 (263.7) 50.2
Other income (expense)
Interest income and other, net ............................ 6.0 25.9 16.4
Interest income from group companies ...................... 7.9 8.4 5.3
Interest expense ....................................... (235.2) (366.5) (420.3)
Interest expense to group companies ........................ (232.8) (152.4) (111.6)
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) ............................ 136.5 (456.2) (8.0)
Loss from continuing operations before income taxes ............. (324.1) (916.0) (456.0)
Income tax benefit (expense) ............................. 1.1 9.9 (0.6)
Loss from continuing operations ............................ (323.0) (906.1) (456.6)
Discontinued operations
Loss from discontinued operations, net of tax ................. (22.8) (66.6) (10.7)
Net loss .............................................. £(345.8) £(972.7) £(467.3)
See accompanying notes.
F-70