Virgin Media 2010 Annual Report Download - page 184
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VIRGIN MEDIA INVESTMENTS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions)
Year ended December 31,
2010 2009 2008
(Adjusted) (Adjusted)
Revenue ........................................................ £3,773.7 £3,557.8 £3,544.2
Costs and expenses
Operating costs (exclusive of depreciation shown separately below ) .... 1,535.2 1,483.3 1,496.1
Selling, general and administrative expenses ....................... 745.8 741.2 757.1
Restructuring and other charges .................................. 51.7 39.2 22.0
Depreciation ................................................. 965.2 907.9 880.2
Amortization ................................................ 147.6 243.1 280.2
Goodwill and intangible asset impairments ......................... — 4.7 362.2
3,445.5 3,419.4 3,797.8
Operating income (loss) ........................................... 328.2 138.4 (253.6)
Other income (expense)
Interest expense .............................................. (27.8) (92.7) (191.7)
Interest expense to group companies .............................. (447.7) (376.9) (327.2)
Loss on extinguishment of debt .................................. (70.0) (54.5) (9.6)
Share of income from equity investments .......................... 24.0 14.1 14.4
(Loss) gain on derivative instruments ............................. (48.2) (114.5) 283.7
Foreign currency (losses) gains .................................. (32.6) 131.3 (440.3)
Interest income and other, net ................................... 8.2 7.6 26.6
Interest income from group companies ............................ 8.7 7.9 7.7
Loss from continuing operations before income taxes .................. (257.2) (339.3) (890.0)
Income tax benefit ................................................ 127.9 1.1 9.9
Loss from continuing operations ................................... (129.3) (338.2) (880.1)
Discontinued operations
Gain on disposal, net of tax of £15.0 .............................. 19.2 — —
Income (loss) from discontinued operations, net of tax ................ 8.6 (7.6) (92.6)
Income (loss) on discontinued operations, net of tax ...................... 27.8 (7.6) (92.6)
Net loss ......................................................... £ (101.5) £ (345.8) £ (972.7)
See accompanying notes
F-89