XO Communications 2009 Annual Report Download - page 81

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20. UNAUDITED SELECTED QUARTERLY DATA
The following tables illustrate selected quarterly financial data for 2009 and 2008 (in thousands except per
share amounts). Results of any one or more quarters are not necessarily indicative of annual results or
continuing trends. Income (loss) per common share was calculated for each three-month period on a stand-
alone basis. As a result of stock transactions during the periods, the sum of the loss per common share for the
four quarters of each year may not equal the loss per common share for the twelve month periods.
March 31 June 30 September 30
a
December 31
b
Quarters Ended 2009
Revenue............................ $377,825 $385,624 $382,000 $375,839
Cost of service * ..................... $220,004 $229,565 $217,712 $212,698
Loss from operations .................. $(17,054) $ (16,817) $ (243) $ (13,118)
Net (loss) income ..................... $ (4,468) $ (5,994) $ 19,032 $ 13,265
Net (loss) income allocable to common
shareholders ....................... $(23,976) $ (25,868) $ (910) $ (7,053)
Net (loss) income allocable to common
shareholders per common share, basic and
diluted ........................... $ (0.13) $ (0.14) $ — $ (0.04)
March 31 June 30 September 30
c
December 31
d
Quarters Ended 2008
Revenue. . . ......................... $361,149 $367,370 $373,925 $375,166
Cost of service * ..................... $228,345 $213,273 $210,926 $218,901
Loss from operations .................. $(40,569) $ (19,933) $ (5,607) $ (18,704)
Net (loss) income ..................... $(44,412) $ (29,001) $ (23,330) $ 21,462
Net (loss) income allocable to common
shareholders ....................... $(48,113) $ (32,757) $ (38,351) $ 2,146
Net (loss) income allocable to common
shareholders per common share, basic and
diluted . . ......................... $ (0.26) $ (0.18) $ (0.21) $ 0.01
* Cost of service is presented exclusive of depreciation and amortization in all periods.
a
September 2009 quarterly Net (loss) income and Net (loss) income allocable to common shareholders increased $16.3 million, or $0.09
per share, related to net investment gains.
b
December 2009 quarterly Net (loss) income and Net (loss) income allocable to common shareholders increased $25.7 million, or $0.14
per share, related to net investment gains.
c
September 2008 quarterly Net (loss) income and Net (loss) income allocable to common shareholders increased $15.4 million, or $0.08
per share, for impairment of marketable securities for other-than-temporary declines in market value.
d
December 2008 quarterly Loss from operations decreased $4.0 million, or $0.02 per share, and Net (loss) income and Net (loss) income
allocable to common shareholders improved by $39.9 million, or $0.22 per share, due to the beneficial settlement of litigation with the
ATLT.
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