Virgin Media 2014 Annual Report Download - page 38

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VIRGIN MEDIA INC.
(See note 1)
Notes to Condensed Consolidated Financial Statements — (Continued)
June 30, 2014
(unaudited)
36
Predecessor
Period from April 1, 2013 to June 7, 2013
Statements of operations Old Virgin
Media
Virgin
Media
Finance Other
guarantors VMIH VMIL All other
subsidiaries Eliminations Total
in millions
Revenue......................................... £ — £ — £ — £ — £ — £ 767.7 £ — £ 767.7
Operating costs and expenses:
Operating (other than
depreciation and
amortization)........................... — — — — — 355.6 — 355.6
SG&A (including share-based
compensation)......................... 5.6 — — — — 104.2 — 109.8
Depreciation and amortization.... — — — — — 183.5 — 183.5
Impairment, restructuring and
other operating items, net........ 51.3 — — — — (7.3) — 44.0
56.9 — — — — 636.0 — 692.9
Operating income (loss)........... (56.9) — — — — 131.7 — 74.8
Non-operating income (expense):
Interest expense – third-party ..... (24.2) (23.1) (2.1) (54.4) — (158.9) 195.6 (67.1)
Realized and unrealized losses
on derivative instruments,
net............................................ (47.3) — — (4.5) — — — (51.8)
Foreign currency transaction
gains (losses), net.................... — (1.4) 1.3 (14.2) — (15.4) 29.9 0.2
Other income, net........................ — 22.9 2.6 25.9 — 144.4 (195.6) 0.2
(71.5) (1.6) 1.8 (47.2) — (29.9) 29.9 (118.5)
Earnings (loss) before income
taxes...................................... (128.4) (1.6) 1.8 (47.2) — 101.8 29.9 (43.7)
Income tax benefit (expense)......... — — — (0.3) — 4.9 — 4.6
Earnings (loss) after income
taxes...................................... (128.4) (1.6) 1.8 (47.5) — 106.7 29.9 (39.1)
Equity in net earnings of
subsidiaries ................................ 89.3 76.1 87.5 93.6 107.3 — (453.8) —
Net earnings (loss).................... £ (39.1) £ 74.5 £ 89.3 £ 46.1 £ 107.3 £ 106.7 £ (423.9) £ (39.1)
Total comprehensive
earnings (loss) ...................... £ (40.8) £ 69.6 £ 84.4 £ 41.2 £ 107.5 £ 106.9 £ (409.6) £ (40.8)