Earthlink 2008 Annual Report Download - page 84

Table of Contents
EARTHLINK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following is summarized statement of operations information of HELIO for the years ended December 31, 2006 and 2007:
The following is summarized balance sheet information of HELIO as of December 31, 2007:
7. Property and Equipment
Property and equipment is recorded at cost and consisted of the following as of December 31, 2007 and 2008:
Depreciation expense charged to continuing operations, which includes depreciation expense associated with property under capital leases,
was $33.2 million, $32.6 million and $23.0 million for the years ended December 31, 2006, 2007 and 2008, respectively.
80
Year Ended December 31,
2006
2007
(in thousands)
Revenues
$
46,580
$
170,988
Operating loss
(201,266
)
(328,196
)
Net loss
(191,755
)
(326,562
)
As of
December 31, 2007
(in thousands)
Current assets
$
111,074
Long
-
term assets
58,999
Current liabilities
107,539
Long
-
term liabilities
64,032
As of December 31,
2007 2008
(in thousands)
Data center and network equipment
$
122,248
$
123,284
Office and other equipment
143,294
141,102
Land and buildings
18,176
17,188
Leasehold improvements
45,038
42,115
Construction in progress
—
194
328,756
323,883
Less accumulated depreciation
(271,456
)
(286,637
)
$
57,300
$
37,246