Virgin Media 2011 Annual Report Download - page 157
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 19—Condensed Consolidating Financial Information—Senior Secured Notes (continued)
Year ended December 31, 2011
Statements of operations Company
Virgin Media
Secured
Finance Guarantors
Non-
Guarantors Adjustments Total
(in millions)
Revenue ....................... £ 0.0 £ 0.0 £3,534.6 £ 457.2 £ 0.0 £ 3,991.8
Operating costs .................. 0.0 0.0 (1,324.9) (280.7) 0.0 (1,605.6)
Selling, general and administrative
expenses ..................... (13.2) 0.0 (703.7) (79.1) 0.0 (796.0)
Restructuring and other charges ..... 0.0 0.0 (8.0) (0.4) 0.0 (8.4)
Depreciation and amortization ...... 0.0 0.0 (917.9) (123.7) 0.0 (1,041.6)
Operating income (loss) ........... (13.2) 0.0 580.1 (26.7) 0.0 540.2
Interest expense .................. (66.2) (152.3) (1,050.5) (443.5) 1,271.7 (440.8)
Loss on extinguishment of debt ..... 0.0 0.0 (47.2) 0.0 0.0 (47.2)
Share of income from equity
investments ................... 0.0 0.0 0.0 18.6 0.0 18.6
Loss on disposal of equity
investments ................... 0.0 0.0 0.0 (7.2) 0.0 (7.2)
Loss on derivative instruments ...... (43.4) 0.0 (7.3) 0.0 0.0 (50.7)
Foreign currency (losses) gains ..... (0.4) 0.0 22.7 (24.7) 0.0 (2.4)
Interest and other income, net ....... 3.7 153.8 763.9 432.9 (1,271.7) 82.6
Income tax (expense) benefit ....... 0.0 0.0 (18.9) 2.9 0.0 (16.0)
Income (loss) from continuing
operations .................... (119.5) 1.5 242.8 (47.7) 0.0 77.1
Loss on discontinued operations, net
oftax ........................ 0.0 0.0 0.0 (1.2) 0.0 (1.2)
Equity in net income (loss) of
subsidiaries ................... 195.4 0.0 (34.9) 244.3 (404.8) 0.0
Net income (loss) ................ £ 75.9 £ 1.5 £ 207.9 £ 195.4 £ (404.8) £ 75.9
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