Earthlink 2000 Annual Report Download - page 63

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EARTHLINK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
17. QUARTERLY FINANCIAL DATA (UNAUDITED) (CONTINUED) statements and notes thereto. The operating results for any quarter
are not necessarily indicative of results for any future period.
(1) Reflects the accretion of Liquidation Dividends on Series A and B convertible preferred stock at 3% compounded quarterly and the
accretion of a dividend related to the beneficial conversion feature in accordance with EITF 98-5.
(2) Each outstanding share of EarthLink Network common stock was exchanged for 1.615 shares of the common stock of EarthLink and each
outstanding share of MindSpring common stock was exchanged for one share of the common stock of the EarthLink. See note 1 of Notes to
Consolidated Financial Statements for an explanation of the determination of the number of weighted average shares outstanding in the net loss
per share computation.
F
-
29
MAR. 31 JUN. 30 SEPT. 30 DEC. 31 MAR. 31 JUN. 30 SEPT. 30 DEC. 31
1999 1999 1999 1999 2000 2000 2000 2000
-------- -------- -------- -------- --------- -------- -------- ---------
(IN THOUSANDS, EXCEPT PER SHARE DATA)
CONSOLIDATED STATEMENT OF OPERATIONS
DATA:
Revenues:............................... $129,871 $163,664 $177,753 $199,145 $ 219,705 $230,861 $249,300 $ 286,764
Operating costs and expenses:........... 161,493 204,859 232,980 266,781 337,952 303,929 337,030 402,520
Loss from operations.................... (31,622) (41,195) (55,227) (67,636) (118,247) (73,068) (87,730) (115,756)
Interest income (expense), net.......... 3,865 5,137 6,102 6,882 9,733 13,678 15,200 7,874
Income tax benefit...................... -- -- -- -- -- -- -- 2,394
-------- -------- -------- -------- --------- -------- -------- ---------
Net loss................................ (27,757) (36,058) (49,125) (60,754) (108,514) (59,390) (72,530) (105,488)
Deductions for accretion dividends(1)... (3,646) (3,627) (3,404) (3,429) (3,331) (4,280) (8,035) (8,084)
-------- -------- -------- -------- --------- -------- -------- ---------
Net loss attributable to common
stockholders.......................... $(31,403) $(39,685) $(52,529) $(64,183) $(111,845) $(63,670) $(80,565) $(113,572)
======== ======== ======== ======== ========= ======== ======== =========
Basic and diluted net loss per share.... $ (0.29) $ (0.35) $ (0.45) $ (0.55) $ (0.95) $ (0.52) $ (0.65) $ (0.87)
======== ======== ======== ======== ========= ======== ======== =========
Weighted average shares(2).............. 107,902 114,258 115,774 116,494 117,426 122,851 123,996 129,999
======== ======== ======== ======== ========= ======== ======== =========