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Table of Contents EARTHLINK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
20. Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited quarterly consolidated financial data for the eight quarters in the period ended
December 31, 2012
. In the opinion of the Company's management, this unaudited information has been prepared on the same basis as the
audited consolidated financial statements and includes all material adjustments (consisting of normal recurring accruals and adjustments)
necessary to present fairly the quarterly unaudited financial information. The operating results for any quarter are not necessarily indicative of
results for any future period.
_______________________________________________________________________________
106
Three Months Ended (1)
Mar. 31,
2011
June 30,
2011
Sept. 30,
2011
Dec. 31,
2011
Mar. 31,
2012
June 30,
2012
Sept. 30,
2012
Dec. 31,
2012
(unaudited)
(in thousands, except per share data)
Revenues
$
243,018
$
363,559
$
357,290
$
350,237
$
344,376
$
338,178
$
334,786
$
331,637
Cost of revenues
103,723
164,357
161,327
161,079
159,337
168,216
157,920
156,148
Income from
operations
39,950
29,268
31,603
24,288
26,195
13,710
14,794
13,306
Net income
(loss)
(10,627
)
(3,644
)
(1,937
)
(3,694
)
7,263
(1,106
)
1,372
(9
)
Net income
(loss) per
share (2):
Basic
$
0.15
$
0.06
$
0.07
$
0.04
$
0.07
$
(0.01
)
$
0.01
$
—
Diluted
$
0.15
$
0.06
$
0.07
$
0.04
$
0.07
$
(0.01
)
$
0.01
$
—
(1) On April 1, 2011, the Company acquired One Communications. The results of operations of One Communications have been included
in the Company's consolidated financial statements since the acquisition date.
(2) The quarterly net income per share amounts will not necessarily add to the net income per share computed for the year because of the
method used in calculating per share data.