Virgin Media 2010 Annual Report Download - page 99

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VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(in millions, except per share data)
Year ended December 31,
2010 2009 2008
(Adjusted) (Adjusted)
Revenue ........................................................ £3,875.8 £3,663.9 £3,655.0
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) ..... 1,575.0 1,528.7 1,544.7
Selling, general and administrative expenses ....................... 790.6 786.3 804.1
Restructuring and other charges .................................. 53.0 40.4 22.7
Depreciation ................................................. 987.7 928.7 900.6
Amortization ................................................ 147.6 243.1 282.6
Goodwill and intangible asset impairments ......................... — 4.7 362.2
3,553.9 3,531.9 3,916.9
Operating income (loss) ........................................... 321.9 132.0 (261.9)
Other income (expense)
Interest expense .............................................. (477.8) (455.1) (499.3)
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 ............................. (65.6) (114.5) 283.7
Foreign currency (losses) gains .................................. (34.1) 119.0 (387.6)
Interest income and other, net ................................... 8.3 6.2 26.1
Loss from continuing operations before income taxes .................. (293.3) (352.8) (834.2)
Income tax benefit ............................................ 124.1 2.5 6.8
Loss from continuing operations ................................... (169.2) (350.3) (827.4)
Discontinued operations
Gain on disposal, net of tax of £15.0 .............................. 19.2 — —
Income (loss) from discontinued operations, net of tax ................ 8.6 (7.5) (92.6)
Income (loss) on discontinued operations, net of tax ................... 27.8 (7.5) (92.6)
Net loss ......................................................... £ (141.4) £ (357.8) £ (920.0)
Basic and diluted loss from continuing operations per common share .... £ (0.52) £ (1.07) £ (2.52)
Basic and diluted income (loss) from discontinued operations per common
share ........................................................ £ 0.08 £ (0.02) £ (0.28)
Basic and diluted net loss per common share ......................... £ (0.43) £ (1.09) £ (2.80)
Dividends per share (in U.S. dollars) ................................ $ 0.16 $ 0.16 $ 0.16
See accompanying notes.
F-4