iHeartMedia 2009 Annual Report Download - page 142
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137
March 31, June 30, Se
p
tember 30, December 31,
2009 2008 2009 2008 2009 2008 2009 2008
Post-Merger Pre-Merger Post-Merger Pre-Merger Post-Merger Combined Post-Merger Post-Merger
Net income per common share:
Basic:
Income (loss) attributable to the
Company before discontinued
o
p
erations
$ .33 $ .56 N.A.
Discontinued operations
1.29 .01 N.A.
Net income (loss) attributable to the
Company
$ 1.62 $ .57 N.A.
Diluted:
Income (loss) before discontinued
o
p
erations
$ .32 $ .56 N.A.
Discontinued operations
1.29 .01 N.A.
Net income (loss) attributable to the
Com
p
an
y
$1.61 $ .57 N.A.
Dividends declared per share
$ — $ — $ —
(1) As discussed in Note B, the fourth quarter of 2009 includes a $41.4 million adjustment related to previously recorded
impairment charges.
(2) See Note L for further discussion of the tax benefits recorded in the fourth quarters of 2009 and 2008.
(3) The third quarter results of operations contain two months of post-merger and one month of pre-merger results, which relate to
the period succeeding the merger and the periods preceding the merger, respectively. The Company believes that the
presentation on a combined basis is more meaningful as it allows the results of operations to be analyzed to comparable periods
in 2009. The following table separates the combined results into the post-merger and pre-merger periods:
(3)