XO Communications 2009 Annual Report Download - page 53

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XO Holdings, Inc.
Consolidated Statements of Operations
(in thousands, except per share data)
2009 2008 2007
Years Ended December 31,
Revenue ............................................. $1,521,288 $1,477,610 $1,428,665
Costs and expenses
Cost of service (exclusive of depreciation and amortization) . .... 879,979 871,445 815,012
Selling, general and administrative ....................... 489,427 497,616 508,901
Depreciation and amortization ........................... 180,144 189,228 206,953
Impairment of LMDS licenses ........................... 8,282 — —
Loss on disposal of assets .............................. 10,688 4,134 7,936
Total costs and expenses ............................. 1,568,520 1,562,423 1,538,802
Loss from operations ................................... (47,232) (84,813) (110,137)
Interest income ........................................ 11,844 7,398 8,182
Investment gain, net .................................... 59,986 19,187 20,863
Interest expense, net .................................... (1,568) (21,322) (37,681)
Other income ......................................... — 257 2,205
Net income (loss) before income taxes ...................... 23,030 (79,293) (116,568)
Income tax benefit (expense) ............................. (1,195) 4,012 (787)
Net income (loss) ...................................... 21,835 (75,281) (117,355)
Preferred stock accretion................................. (79,642) (41,794) (14,269)
Net loss allocable to common shareholders ................... $ (57,807) $ (117,075) $ (131,624)
Net loss allocable to common shareholders per common share, basic
and diluted ......................................... $ (0.32) $ (0.64) $ (0.72)
Weighted average shares, basic and diluted ................... 182,075 182,075 182,048
See accompanying notes to the consolidated financial statements.
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