Earthlink 2007 Annual Report Download - page 29

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Item 6. Selected Financial Data.
The following selected consolidated financial data was derived from our consolidated financial statements. The data should be read in
conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operation" and the consolidated financial
statements and notes thereto included elsewhere in this Annual Report on Form 10-K.
(1)
Year Ended December 31,
2003
2004
2005
2006
2007
(in thousands, except per share amounts)
Statement of operations data:
Revenues
$
1,401,930
$
1,382,202
$
1,290,072
$
1,301,072
$
1,215,994
Operating costs and expenses
1,468,894
1,271,444
1,125,576
1,205,431
1,167,960
Income (loss) from operations
(66,964
)
110,758
164,496
95,641
48,034
Income (loss) from continuing operations
(62,194
)
111,009
142,780
24,986
(54,795
)
Loss from discontinued operations(1)
—
—
—
(
19,999
)
(80,302
)
Net income (loss)
(62,194
)
111,009
142,780
4,987
(135,097
)
Deductions for accretion dividends(2)
(4,586
)
—
—
—
—
Net income (loss) attributable to common
stockholders
(66,780
)
111,009
142,780
4,987
(135,097
)
Basic net income (loss) per share
Continuing operations
$
(0.40
)
$
0.72
$
1.04
$
0.19
$
(0.45
)
Discontinued operations
—
—
—
(
0.16
)
(0.66
)
Basic net income (loss) per share
$
(0.42
)
$
0.72
$
1.04
$
0.04
$
(1.11
)
Diluted net income (loss) per share
Continuing operations
$
(0.40
)
$
0.70
$
1.02
$
0.19
$
(0.45
)
Discontinued operations
—
—
—
(
0.15
)
(0.66
)
Diluted net income (loss) per share
$
(0.42
)
$
0.70
$
1.02
$
0.04
$
(1.11
)
Basic weighted average common shares
outstanding
157,321
154,233
137,080
128,790
121,633
Diluted weighted average common shares
outstanding
157,321
157,815
139,950
130,583
121,633
Cash flow data:
Cash provided by operating activities
$
101,728
$
188,152
$
188,704
$
115,249
88,789
Cash provided by (used in) investing activities
25,003
(69,070
)
(65,081
)
(283,064
)
13,936
Cash used in financing activities
(88,882
)
(108,912
)
(169,239
)
152,890
(87,267
)
As of December 31,
2003
2004
2005
2006
2007
(in thousands)
Balance sheet data:
Cash and cash equivalents
$
208,740
$
218,910
$
173,294
$
158,369
$
173,827
Investments in marketable securities(3)
279,125
312,060
248,825
236,407
114,768
Cash and marketable securities
487,865
530,970
422,119
394,776
288,595
Total assets
827,020
805,450
749,149
968,039
735,226
Long-term debt, including long-term portion
of capital leases
342
287
1,067
258,984
258,875
Total liabilities
283,357
257,843
227,285
509,375
473,753
Accumulated deficit
(1,303,771
)
(1,192,762
)
(1,049,982
)
(1,044,995
)
(1,184,119
)
Stockholders' equity
543,663
547,607
521,864
458,664
261,473
In November 2007, EarthLink's Board of Directors authorized management to pursue strategic alternatives for the Company's municipal