Earthlink 2001 Annual Report Download - page 35

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EARTHLINK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements
F-6
EARTHLINK, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Year Ended December 31,
1999
2000
2001
(In thousands, except per share data)
Revenues:
Narrowband access
$
582,883
$
833,415
$
999,251
Broadband access
23,540
57,753
167,935
Web hosting
47,435
65,756
59,263
Content, commerce and advertising
16,575
29,706
18,479
Total revenues
670,433
986,630
1,244,928
Operating costs and expenses:
Cost of revenues
248,487
368,133
509,514
Sales and marketing
219,349
443,708
395,870
Operations and customer support
182,134
297,027
339,490
General and administrative
67,876
106,148
127,849
Merger
-
related charges
—
33,967
—
Acquisition
-
related costs
148,267
132,448
217,483
Intangible asset write
-
off
—
—
11,252
Total operating costs and expenses
866,113
1,381,431
1,601,458
Loss from operations
(195,680
)
(394,801
)
(356,530
)
Write
-
off of investments in other companies
—
(
3,900
)
(10,000
)
Interest income, net
21,986
50,385
25,469
Income tax benefit
—
2,394
—
Net loss
(173,694
)
(345,922
)
(341,061
)
Deductions for accretion of dividends
(14,106
)
(23,730
)
(29,880
)
Net loss attributable to common stockholders
$
(187,800
)
$
(369,652
)
$
(370,941
)
Basic and diluted net loss per share attributable to
common stockholders
$
(1.65
)
$
(2.99
)
$
(2.73
)
Weighted average shares
113,637
123,592
135,738
Preferred Stock
Common Stock
Warrants to
Purchase
Common
Stock
Stock
Subscriptions
Receivable
Additional
Paid-in
Capital
Treasury
Stock
Accumulated
Deficit
Total
Stockholders'
Equity
Shares
Amount
Shares
Amount