Virgin Media 2011 Annual Report Download - page 171
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions)
Year ended December 31,
2011 2010 2009
Revenue ........................................................ £3,889.8 £3,773.7 £3,557.8
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) ..... 1,561.0 1,535.2 1,483.3
Selling, general and administrative expenses ........................ 760.6 745.8 741.2
Restructuring and other charges .................................. 8.2 51.7 39.2
Depreciation ................................................. 901.1 965.2 907.9
Amortization ................................................. 118.4 147.6 243.1
Goodwill and intangible asset impairments ......................... 0.0 0.0 4.7
3,349.3 3,445.5 3,419.4
Operating income ................................................ 540.5 328.2 138.4
Other income (expense)
Interest expense ............................................... (200.8) (216.2) (235.2)
Interest expense to group companies .............................. (200.9) (259.3) (234.4)
Loss on extinguishment of debt .................................. (28.9) (70.0) (54.5)
Share of income from equity investments ........................... 18.6 24.0 14.1
Loss on disposal of equity investments ............................. (7.2) 0.0 0.0
Loss on derivative instruments ................................... (7.4) (48.2) (114.5)
Foreign currency gains (losses) ................................... 1.7 (32.6) 131.3
Interest income and other, net .................................... 80.2 8.2 7.6
Interest income from group companies ............................. 8.7 8.7 7.9
Income (loss) from continuing operations before income taxes ........... 204.5 (257.2) (339.3)
Income tax (expense) benefit .................................... (15.6) 127.9 1.1
Income (loss) from continuing operations ............................. 188.9 (129.3) (338.2)
Discontinued operations
Gain on disposal, net of tax ...................................... 0.0 19.2 0.0
(Loss) income from discontinued operations, net of tax ................ (1.2) 8.6 (7.6)
(Loss) income from discontinued operations .......................... (1.2) 27.8 (7.6)
Net income (loss) ................................................. £ 187.7 £ (101.5) £ (345.8)
See accompanying notes.
F-82