Earthlink 2010 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2010 Earthlink annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Table of Contents
Consolidated Results of Operations
The following table sets forth statement of operations data for the years ended December 31, 2008 and 2009:
51
Year Ended December 31,
2008
2009
Change Between
2008 and 2009
% of
Revenue
% of
Revenue
Amount
Amount
Amount
%
(dollars in thousands)
Revenues
$
955,577
100
%
$
723,729
100
%
$
(231,848
)
-
24
%
Operating costs and expenses:
Cost of revenues (exclusive
of depreciation and
amortization shown
separately below)
349,467
37
%
265,668
37
%
(83,799
)
-
24
%
Selling, general and
administrative (exclusive
of depreciation and
amortization shown
separately below)
317,356
33
%
222,181
31
%
(95,175
)
-
30
%
Depreciation and
amortization
36,333
4
%
23,962
3
%
(12,371
)
-
34
%
Impairment of goodwill and
intangible assets
78,672
8
%
24,145
3
%
(54,527
)
-
69
%
Restructuring and
acquisition
-
related costs
9,142
1
%
5,615
1
%
(3,527
)
-
39
%
Total operating costs and
expenses
790,970
83
%
541,571
75
%
(249,399
)
-
32
%
Income from operations
164,607
17
%
182,158
25
%
17,551
11
%
Gain (loss) on investments,
net
2,708
0
%
(1,321
)
0
%
(4,029
)
-
149
%
Interest expense and other,
net
(12,409
)
-
1
%
(19,804
)
-
3
%
(7,395
)
60
%
Income from continuing
operations
before income taxes
154,906
16
%
161,033
22
%
6,127
4
%
Income tax benefit
32,184
3
%
126,085
17
%
93,901
292
%
Income from continuing
operations
187,090
20
%
287,118
40
%
100,028
53
%
Loss from discontinued
operations, net of tax
(8,506
)
-
1
%
—
0
%
8,506
-
100
%
Net income
$
178,584
19
%
$
287,118
40
%
$
108,534
61
%