Earthlink 2011 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2011 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 163

  • 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
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163

Table of Contents
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.
41
Year Ended December 31,
2007 2008 2009 2010 (1) 2011 (1)
(in thousands, except per share amounts)
Statement of operations data:
Revenues
1,215,994
$
955,577
$
723,729
$
622,212
$
1,314,104
Operating costs and expenses
(2)(3)
1,167,960
790,970
541,571
460,519
1,188,995
Income from operations
48,034
164,607
182,158
161,693
125,109
Income (loss) from continuing
operations (4)
(64,795
)
187,090
287,118
81,480
34,567
Loss from discontinued
operations (5)
(80,302
)
(8,506
)
—
—
—
Net income (loss)
(145,097
)
178,584
287,118
81,480
34,567
Basic net income (loss) per
share
Continuing operations
(0.53
)
$
1.71
$
2.69
$
0.75
$
0.32
Discontinued operations
(0.66
)
(0.08
)
—
—
—
Basic net income (loss) per
share
(1.19
)
$
1.63
$
2.69
$
0.75
$
0.32
Diluted net income (loss) per
share
Continuing operations
(0.53
)
$
1.68
$
2.66
$
0.74
$
0.32
Discontinued operations
(0.66
)
(0.08
)
—
—
—
Diluted net income (loss) per
share
(1.19
)
$
1.61
$
2.66
$
0.74
$
0.32
Cash dividends declared per
common share
—
$
—
$
0.28
$
0.62
$
0.20
Basic weighted average
common shares outstanding
121,633
109,531
106,909
108,057
108,098
Diluted weighted average
common shares outstanding
121,633
111,051
108,084
109,468
108,949
Cash flow data:
Cash provided by operating
activities
88,789
230,612
208,622
154,449
146,234
Cash provided by (used in)
investing activities
13,936
107,124
(37,121
)
(454,193
)
141,594
Cash used in financing
activities
(87,267
)
(24,999
)
(47,070
)
(68,299
)
(318,997
)