Earthlink 2008 Annual Report Download - page 64

Table of Contents
EARTHLINK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
60
Year Ended December 31,
2006
2007
2008
(in thousands, except per share data)
Revenues
$
1,301,072
$
1,215,994
$
955,577
Operating costs and expenses:
Cost of revenues
433,929
442,697
360,920
Sales and marketing
390,551
291,105
98,212
Operations and customer support
243,608
221,443
136,797
General and administrative
125,558
128,412
93,878
Amortization of intangible assets
11,902
14,672
13,349
Impairment of goodwill and intangible assets
—
4,250
78,672
Facility exit and restructuring costs
(117
)
65,381
9,142
Total operating costs and expenses
1,205,431
1,167,960
790,970
Income from operations
95,641
48,034
164,607
Net losses of equity affiliate
(84,782
)
(111,295
)
—
Gain (loss) on investments, net
377
(5,585
)
2,708
Interest income (expense) and other, net
14,636
12,824
(1,381
)
Income (loss) from continuing operations before income
taxes
25,872
(56,022
)
165,934
Income tax (provision) benefit
(886
)
1,227
32,184
Income (loss) from continuing operations
24,986
(54,795
)
198,118
Loss from discontinued operations, net of tax
(19,999
)
(80,302
)
(8,506
)
Net income (loss)
$
4,987
$
(135,097
)
$
189,612
Basic net income (loss) per share
Continuing operations
$
0.19
$
(0.45
)
$
1.81
Discontinued operations
(0.16
)
(0.66
)
(0.08
)
Basic net income (loss) per share
$
0.04
$
(1.11
)
$
1.73
Basic weighted average common shares outstanding
128,790
121,633
109,531
Diluted net income (loss) per share
Continuing operations
$
0.19
$
(0.45
)
$
1.78
Discontinued operations
(0.15
)
(0.66
)
(0.08
)
Diluted net income (loss) per share
$
0.04
$
(1.11
)
$
1.71
Diluted weighted average common shares outstanding
130,583
121,633
111,051