Virgin Media 2012 Annual Report Download - page 74

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F-3
VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in millions, except per share data)
Year ended December 31,
2012 2011 2010
Revenue £ 4,100.5 £ 3,991.8 £ 3,875.8
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) 1,629.2 1,605.6 1,575.0
Selling, general and administrative expenses 817.8 796.0 790.6
Restructuring and other charges 2.7 8.4 53.0
Depreciation 951.7 923.2 987.7
Amortization — 118.4 147.6
3,401.4 3,451.6 3,553.9
Operating income 699.1 540.2 321.9
Other income (expense)
Interest expense (398.5) (440.8)(477.8)
Loss on extinguishment of debt (187.8) (47.2)(70.0)
Share of income from equity investments — 18.6 24.0
Loss on disposal of equity investments — (7.2)—
Gain (loss) on derivative instruments 148.1 (50.7)(65.6)
Foreign currency losses (6.3)(2.4)(34.1)
Interest income and other, net 6.8 82.6 8.3
Income (loss) from continuing operations before income taxes 261.4 93.1 (293.3)
Income tax benefit (expense) 2,591.2 (16.0)124.1
Income (loss) from continuing operations 2,852.6 77.1 (169.2)
Discontinued operations
Gain on disposal, net of tax — — 19.2
(Loss) income from discontinued operations, net of tax — (1.2) 8.6
(Loss) income from discontinued operations, net of tax — (1.2)27.8
Net income (loss) 2,852.6 75.9 (141.4)
Other comprehensive (loss) income, net of tax
Currency translation adjustment 11.3 (12.7) 2.5
Net (losses) gains on derivatives, net of tax (130.3) (24.2)75.1
Reclassification of derivative losses (gains) to net income, net of tax 94.2 1.0 (29.0)
Pension liability adjustment, net of tax (11.0)(20.6)15.4
Other comprehensive (loss) income (35.8)(56.5)64.0
Comprehensive income (loss) £ 2,816.8 £ 19.4 £(77.4)
Per share amounts
Income (loss) from continuing operations
Basic earnings per share £ 10.40 £0.25 £(0.52)
Diluted earnings per share £ 8.75 £0.24 £(0.52)
Net income (loss)
Basic earnings per share £ 10.40 £0.24 £(0.43)
Diluted earnings per share £ 8.75 £0.24 £(0.43)
Dividends per share (in U.S. dollars) $0.16 $0.16 $0.16
See accompanying notes.
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