Virgin Media 2010 Annual Report Download - page 151

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 19—Condensed Consolidating Financial Information—Senior Notes (continued)
Statements of operations
Year ended December 31, 2010
Company
Virgin
Media
Finance
Other
guarantors VMIH VMIL
All other
subsidiaries Adjustments Total
(in millions)
Revenue ................... £ — £ — £ — £ — £ — £3,875.8 £ — £ 3,875.8
Operating costs .............. — — — — — (1,575.0) — (1,575.0)
Selling, general and
administrative expenses ..... (19.0) — — — — (771.6) — (790.6)
Restructuring and other
charges .................. — — — — — (53.0) — (53.0)
Depreciation and
amortization .............. — — — — — (1,135.3) — (1,135.3)
Operating income (loss) ....... (19.0) — — — — 340.9 — 321.9
Interest expense ............. (59.7) (216.2) (100.7) (425.9) — (932.2) 1,256.9 (477.8)
Loss on extinguishment of
debt ..................... — — — (50.6) — (19.4) — (70.0)
Share of income from equity
investments ............... — — — — — 24.0 — 24.0
Loss on derivative
instruments ............... (17.4) — — (46.2) — (2.0) — (65.6)
Foreign currency (losses)
gains .................... 0.9 1.5 (3.8) 4.8 — (37.5) — (34.1)
Interest income and other, net . . 35.8 213.9 104.6 141.6 — 769.3 (1,256.9) 8.3
Income tax benefit (expense) . . . (4.2) — 0.4 17.9 — 110.0 — 124.1
(Loss) income from continuing
operations ................ (63.6) (0.8) 0.5 (358.4) — 253.1 — (169.2)
Income on discontinued
operations, net of tax ....... — — — — — 27.8 — 27.8
Equity in net (loss) income of
subsidiaries ............... (77.8) (101.5) (78.2) 256.9 254.6 — (254.0) —
Net (loss) income ............ £(141.4) £(102.3) £ (77.7) £(101.5) £254.6 £ 280.9 £ (254.0) £ (141.4)
F-56