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Table of Contents
The following table sets forth statement of operations data for the years ended December 31, 2009, 2010 and 2011:
Revenues
The following table presents revenues by groups of similar services and by segment for the years ended December 31, 2009, 2010 and
2011:
Business Services
The increase in Business Services revenues from the year ended December 31, 2009 to the year ended December 31, 2010 was primarily
due to the inclusion of $26.6 million of ITC^DeltaCom revenues for the period December 8, 2010 through December 31, 2010. This was
partially offset by a decrease in revenues for certain legacy products due to subscriber churn and due to competitive pressures, which decreased
the rate at which new customers were added and increased promotions and retention incentives necessary to attract and retain customers.
49
Year Ended December 31,
2009
2010
2011
(in thousands)
Revenues
$
723,729
622,212
$
1,314,104
Operating costs and expenses:
Cost of revenues (exclusive of depreciation and
amortization shown separately below)
265,668
234,633
590,486
Selling, general and administrative (exclusive of of
depreciation and amotization shown separately below)
222,181
178,417
406,358
Depreciation and amortization
23,962
23,390
160,083
Impairment of goodwill and intangible assets
24,145
1,711
—
Restructuring and acquisition
-
related costs
5,615
22,368
32,068
Total operating costs and expenses
541,571
460,519
1,188,995
Income from operations
182,158
161,693
125,109
Interest expense and other, net
(21,125
)
(23,409
)
(70,640
)
Income before income taxes
161,033
138,284
54,469
Income tax benefit (provision)
126,085
(56,804
)
(19,902
)
Net income
$
287,118
81,480
$
34,567
Year Ended December 31, 2010 vs. 2009 2011 vs. 2010
2009
2010
2011
$ Change
% Change
$ Change
% Change
(dollars in thousands)
Business
Services
Retail
services
69,845
$
88,739
760,158
18,894
27%
671,419
757%
Wholesale
services
40,047
36,792
136,224
(3,255
)
-
8%
99,432
270%
Other
38,425
35,233
41,877
(3,192
)
-
8%
6,644
19%
Total
revenues
148,317
160,764
938,259
12,447
8%
777,495
484%
Consumer
Services
Access
services
503,769
403,174
323,998
(100,595
)
-
20%
(79,176
)
-
20%
Value-
added
services
71,643
58,274
51,847
(13,369
)
-
19%
(6,427
)
-
11%
Total
revenues
575,412
461,448
375,845
(113,964
)
-
20%
(85,603
)
-
19%
Total
revenues
723,729
$
622,212
1,314,104
(101,517
)
-
14%
691,892
111%