FairPoint Communications 2005 Annual Report Download - page 44

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The following table sets forth the percentages of revenues represented by selected items reflected in our consolidated statements of operations. The year to
year comparison of financial results are not necessarily indicative of future results:
  
     
Revenues $ 262,843 100.0%$252,645 100.0%$231,432 100.0%
Operating expenses, excluding
depreciation and amortization and
stock-based compensation 141,075 53.7 128,755 50.9 111,188 48.0
Depreciation and amortization 52,390 19.9 50,287 19.9 48,089 20.8
Stock based compensation 2,350 0.9 49 0.1 15 —
Total operating expenses 195,815 74.5 179,091 70.9 159,292 68.8
Income from operations 67,028 25.5 73,554 29.1 72,140 31.2
Other income (expense):
Net gain (loss) on sale of investments
and other assets (11) — 104 — 608 0.3
Interest and dividend income 2,499 1.0 2,335 0.9 1,792 0.8
Interest expense (46,416) (17.7)(104,315)(41.3)(90,224)(39.0)
Impairment of investments (1,200)(0.5)(349)0.1 -—
Equity in net earnings of investees 11,302 4.3 10,899 4.3 10,092 4.4
Realized and unrealized losses on
interest rate swaps — — (112) — (1,387)(0.6)
Other nonoperating, net (87,746) 33.4 (5,951) (2.5) (1,505)(0.7)
Total other expense (121,572)46.3 (97,389)(38.5)(80,624)(34.8)
Loss from continuing operations
before income taxes (54,544)(20.8)(23,835)(9.4)(8,484)(3.6)
Income tax benefit (expense) 83,096 31.6 (516)(0.2) 236 0.1
Minority interest in income of
subsidiaries (2) — (2) — (2) —
Income (loss) from continuing
operations 28,550 10.9%$(24,353)(9.6)% $ (8,250) (3.5)%
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