Virgin Media 2011 Annual Report Download - page 149
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 18—Condensed Consolidating Financial Information—Senior Notes (continued)
Year ended December 31, 2011
Statements of operations Company
Virgin
Media
Finance
Other
guarantors VMIH VMIL
All other
subsidiaries Adjustments Total
(in millions)
Revenue ................... £ 0.0 £ 0.0 £ 0.0 £ 0.0 £ 0.0 £3,991.8 £ 0.0 £ 3,991.8
Operating costs .............. 0.0 0.0 0.0 0.0 0.0 (1,605.6) 0.0 (1,605.6)
Selling, general and
administrative expenses ..... (13.2) 0.0 0.0 0.0 0.0 (782.8) 0.0 (796.0)
Restructuring and other
charges .................. 0.0 0.0 0.0 0.0 0.0 (8.4) 0.0 (8.4)
Depreciation and
amortization .............. 0.0 0.0 0.0 0.0 0.0 (1,041.6) 0.0 (1,041.6)
Operating income (loss) ....... (13.2) 0.0 0.0 0.0 0.0 553.4 0.0 540.2
Interest expense ............. (66.2) (188.8) (35.7) (382.0) 0.0 (1,035.2) 1,267.1 (440.8)
Loss on extinguishment of
debt ..................... 0.0 (18.3) 0.0 0.0 0.0 (28.9) 0.0 (47.2)
Share of income from equity
investments ............... 0.0 0.0 0.0 0.0 0.0 18.6 0.0 18.6
Loss on disposal of equity
investments ............... 0.0 0.0 0.0 0.0 0.0 (7.2) 0.0 (7.2)
Loss on derivative
instruments ............... (43.4) 0.0 0.0 (7.3) 0.0 0.0 0.0 (50.7)
Foreign currency (losses)
gains .................... (0.4) 0.2 (4.2) (0.4) 0.0 2.4 0.0 (2.4)
Interest income and other, net . . 3.7 190.4 39.4 178.9 0.0 937.3 (1,267.1) 82.6
Income tax (expense) benefit . . . 0.0 0.0 (0.3) (23.3) 0.0 7.6 0.0 (16.0)
Income (loss) from continuing
operations ................ (119.5) (16.5) (0.8) (234.1) 0.0 448.0 0.0 77.1
Loss on discontinued operations,
netoftax................. 0.0 0.0 0.0 0.0 0.0 (1.2) 0.0 (1.2)
Equity in net income (loss) of
subsidiaries ............... 195.4 187.7 196.3 422.0 496.7 0.0 (1,498.1) 0.0
Net income ................. £ 75.9 £ 171.2 £195.5 £ 187.9 £496.7 £ 446.8 £(1,498.1) £ 75.9
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