XM Radio 2008 Annual Report Download - page 47
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Adjusted income (loss) from operations is calculated as follows:
2008 2007 2006
Unaudited Actual
For the Three Months Ended December 31,
Reconciliation of net loss to adjusted income (loss) from
operations:
net loss....................................... $(245,844) $(166,223) $(245,597)
Add back net loss items excluded from adjusted income
(loss) from operations:
Interest and investment income ..................... 90 (4,171) (6,760)
Interest expense, net of amounts capitalized ............ 61,196 19,887 15,327
Income tax expense.............................. 175 770 156
Loss from redemption of debt ...................... 98,203 — —
Loss on investments ............................. 27,418 — —
Other expense (income) .......................... 5,664 (17) (55)
Loss from operations ........................... (53,098) (149,754) (236,929)
Impairment of goodwill........................... 15,331 — —
Restructuring and related costs ..................... 2,977 — —
Depreciation and amortization ...................... 82,958 27,638 27,495
Share-based payment expense ...................... 23,987 14,896 42,625
Adjusted income (loss) from operations................. $ 72,155 $(107,220) $(166,809)
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