Vonage 2015 Annual Report Download - page 38
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32 VONAGE ANNUAL REPORT 2015
RESULTS OF OPERATION
The following table sets forth, as a percentage of consolidated operating revenues, our consolidated statement of income for the periods
indicated:
For the Years Ended December 31,
2015 2014 2013
Revenues 100%100 %100%
Operating Expenses:
Cost of services (excluding depreciation and amortization) 29 27 29
Cost of goods sold 4 4 5
Sales and marketing 39 43 44
Engineering and development 3 2 2
General and administrative 12 11 10
Depreciation and amortization 7 6 4
94 93 94
Income from operations 6 7 6
Other Income (Expense):
Interest income — — —
Interest expense (1) (1) (1)
Other expense, net — — —
(1) (1) (1)
Income from continuing operation before income tax expense 5 6 5
Income tax expense (2) (3) (2)
Income from continuing operations 3 3 3
Loss from discontinued operations — (1) —
Loss on disposal, net of taxes — — —
Discontinued operations —% (1)% —%
Net income 3% 2 % 3%
Plus: Net loss from discontinued operations attributable to noncontrolling interest —% — % —%
Net income attributable to Vonage 3% 2 % 3%