FairPoint Communications 2005 Annual Report Download - page 60





  
   
Operating expenses:
Operating expenses, excluding depreciation and amortization and stock-
based compensation 141,075 128,755 111,188
Depreciation and amortization 52,390 50,287 48,089
Stock-based compensation 2,350 49 15
Total operating expenses 195,815 179,091 159,292
   
Other income (expense):
Net gain (loss) on sale of investments and other assets (11)104 608
Interest and dividend income 2,499 2,335 1,792
Interest expense (46,416) (104,315)(90,224)
Impairment on investments (1,200)(349) —
Equity in net earnings of investees 11,302 10,899 10,092
Realized and unrealized losses on interest rate swaps —(112)(1,387)
Other nonoperating, net (87,746) (5,951)(1,505)
Total other expense (121,572)(97,389)(80,624)
Loss from continuing operations before income taxes (54,544)(23,835)(8,484)
Income tax benefit (expense) 83,096 (516) 236
Minority interest in income of subsidiaries (2)(2)(2)
  
Discontinued operations:
Income from discontinued operations — — 1,929
Income on disposal of assets of discontiued operations 380 671 7,992
Income from discontinued operations 380 671 9,921
  
Redeemable preferred stock dividends and accretion — — (8,892)
Gain on repurchase of redeemable preferred stock — — 2,905
Net income (loss) attributed to common shareholders $ 28,930 $ (23,682) $ (4,316)
Basic weighted average shares outstanding 31,927 9,468 9,483
Diluted weighted average shares outstanding 31,957 9,468 9,483
Basic and diluted earnings (loss) per common share:
Continuing operations $ 0.89 $ (2.57) $ (1.50)
Discontinued operations 0.02 0.07 1.04
Net income 0.91 (2.50)(0.46)
See accompanying notes to consolidated financial statements.
58