FairPoint Communications 2007 Annual Report Download - page 56
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Table of Contents
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 $ 283,462 100.0% $ 270,069 100.0% $ 262,843 100.0%
Operating expenses, excluding
depreciation and amortization 218,560 77.1 155,463 57.6 143,425 54.6
Depreciation and amortization 50,836 17.9 53,236 19.7 52,390 19.9
Gain on sale of operating assets (2,164) (0.8) — — — —
Total operating expenses 267,232 94.2 208,699 77.3 195,815 74.5
Income from operations 16,230 5.8 61,370 22.7 67,028 25.5
Other income (expense):
Net gain (loss) on sale of
investments and other assets 49,455 17.4 14,740 5.5 (11) —
Interest and dividend income 965 0.3 3,315 1.2 2,499 1.0
Interest expense (39,662) (14.0) (39,665) (14.7) (46,416) (17.7)
Impairment of investments — — — — (1,200) (0.5)
Equity in net earnings of investees 5,025 1.8 10,616 3.9 11,302 4.3
Loss on derivative instruments (17,202) (6.1) — — — —
Other nonoperating, net — — — — (87,746) 33.4
Total other expense (1,419) (0.5) (10,994) (4.1) (121,572) 46.3
Income (loss) from continuing
operations before income taxes 14,811 5.2 50,376 18.6 (54,544) (20.8)
Income tax benefit (expense) (9,093) (3.2) (19,858) (7.3) 83,096 31.6
Minority interest in income of
subsidiaries (1) — (2) — (2) —
Income from continuing operations $ 5,717 2.0% $ 30,516 11.3% $ 28,550 10.9%
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