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Table of Contents
EARTHLINK HOLDINGS CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
The accompanying notes are an integral part of these financial statements.
64
Year Ended December 31,
2011
2012
2013
(in thousands, except per share data)
Revenues
$
1,300,543
$
1,335,135
$
1,240,606
Operating costs and expenses:
Cost of revenues (exclusive of depreciation and amortization shown separately
below)
581,264
632,616
600,742
Selling, general and administrative (exclusive of depreciation and amortization
shown separately below)
397,574
429,087
426,070
Depreciation and amortization
159,993
183,165
183,114
Impairment of goodwill
—
—
255,599
Restructuring, acquisition and integration-related costs
32,068
18,244
40,030
Total operating costs and expenses
1,170,899
1,263,112
1,505,555
Income (loss) from operations
129,644
72,023
(264,949
)
Interest expense and other, net
(70,640
)
(63,416
)
(60,686
)
Income (loss) from continuing operations before income taxes
59,004
8,607
(325,635
)
Income tax (provision) benefit
(21,731
)
1,331
(211,231
)
Income (loss) from continuing operations
37,273
9,938
(536,866
)
Loss from discontinued operations, net of tax
(2,706
)
(2,418
)
(1,961
)
Net income (loss)
$
34,567
$
7,520
$
(538,827
)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses) on investments, net of tax
(255
)
26
(12
)
Other comprehensive income (loss), net of tax
(255
)
26
(12
)
Comprehensive income (loss)
$
34,312
$
7,546
$
(538,839
)
Basic net income (loss) per share
Continuing operations
$
0.34
$
0.09
$
(5.23
)
Discontinued operations
(0.03
)
(0.02
)
(0.02
)
Basic net income (loss) per share
$
0.32
$
0.07
$
(5.25
)
Basic weighted average common shares outstanding
108,098
105,221
102,599
Diluted net income (loss) per share
Continuing operations
$
0.34
$
0.09
$
(5.23
)
Discontinued operations
(0.02
)
(0.02
)
(0.02
)
Diluted net income (loss) per share
$
0.32
$
0.07
$
(5.25
)
Diluted weighted average common shares outstanding
108,949
105,983
102,599