Enom 2011 Annual Report Download - page 82

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Demand Media, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share amounts)
Year ended December 31,
2009 2010 2011
Revenue $ 198,452 $ 252,936 $ 324,866
Operating expenses
Service costs (exclusive of amortization of intangible assets shown separately below) 114,536 131,332 155,830
Sales and marketing 20,044 24,424 37,394
Product development 21,657 26,538 38,146
General and administrative 28,479 37,371 59,451
Amortization of intangible assets 32,152 33,750 47,174
Total operating expenses 216,868 253,415 337,995
Loss from operations (18,416) (479) (13,129)
Other income (expense)
Interest income 494 25 56
Interest expense (1,759) (688) (861)
Other income (expense), net (19) (286) (413)
Total other expense (1,284) (949) (1,218)
Loss before income taxes (19,700) (1,428) (14,347)
Income tax expense (2,771) (3,897) (4,177)
Net loss (22,471) (5,325) (18,524)
Cumulative preferred stock dividends (30,848) (33,251) (2,477)
Net loss attributable to common stockholders $ (53,319) $ (38,576) $ (21,001)
Basic and diluted net loss per share $ (4.78) $ (2.86) $ (0.27)
Weighted average number of shares 11,159 13,508 78,646
The accompanying notes are an integral part of these consolidated financial statements.
F-4