Virgin Media 2013 Annual Report Download - page 92

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 67
Successor
Period from June 8 to December 31, 2013
Statements of operations Successor
Company
Virgin
Media
Finance Other
guarantors VMIH VMIL All other
subsidiaries Eliminations Total
in millions
Revenue............................................ £ — £ — £ — £ — £ — £ 2,310.2 £ — £ 2,310.2
Operating costs and expenses:
Operating (other than depreciation
and amortization)....................... — — — — — 1,051.7 — 1,051.7
SG&A (including share-based
compensation)............................ 1.6 — — — — 378.5 — 380.1
Depreciation and amortization ...... — — — — — 910.2 — 910.2
Impairment, restructuring and
other operating items, net .......... 0.6 — — — — 35.9 — 36.5
2.2 — — — — 2,376.3 — 2,378.5
Operating loss ............................. (2.2) — — — — (66.1) — (68.3)
Non-operating income (expense):
Interest expense:............................
Third-party................................... (9.1) (50.4) — (4.9) — (199.2) — (263.6)
Related-party ............................... (99.3) (3.7) (6.3) (226.5) — (546.3) 876.3 (5.8)
Interest income – related-party
and intercompany ...................... 0.2 48.3 7.9 186.5 — 740.4 (876.3) 107.0
Gain (loss) on debt modification
and extinguishment, net............. — (0.3) — — — 0.9 — 0.6
Realized and unrealized gains
(losses) on derivative
instruments, net.......................... 27.0 — — (230.4) — — — (203.4)
Realized and unrealized gains
(losses) on derivative
instruments, net –
intercompany............................. — (15.7) — 45.2 — (29.5) — —
Foreign currency transaction gains
(losses), net................................ 27.0 17.8 (3.0) 65.7 — 12.5 22.6 142.6
Other income, net .......................... 0.2 — — 0.1 — 0.1 — 0.4
(54.0) (4.0) (1.4) (164.3) — (21.1) 22.6 (222.2)
Loss before income taxes............ (56.2) (4.0) (1.4) (164.3) — (87.2) 22.6 (290.5)
Income tax expense.......................... — — — — — (197.5) — (197.5)
Loss after income taxes............... (56.2) (4.0) (1.4) (164.3) — (284.7) 22.6 (488.0)
Equity in net loss of subsidiaries...... (431.8) (414.6) (430.4) (272.9) (297.3) — 1,847.0 —
Net loss ....................................... £ (488.0) £ (418.6) £ (431.8) £ (437.2) £ (297.3) £ (284.7) £ 1,869.6 £ (488.0)
Total comprehensive loss............ £ (342.4) £ (432.3) £ (441.6) £ (450.9) £ (311.0) £ (298.4) £ 1,934.2 £ (342.4)