FairPoint Communications 2007 Annual Report Download - page 74
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Table of Contents
Operating expenses:
Operating expenses, excluding depreciation and amortization 218,560 155,463 143,425
Depreciation and amortization 50,836 53,236 52,390
Gain on sale of operating assets (2,164) — —
Total operating expenses 267,232 208,699 195,815
Other income (expense):
Net gain (loss) on sale of investments and other assets 49,455 14,740 (11)
Interest and dividend income 965 3,315 2,499
Interest expense (39,662) (39,665) (46,416)
Impairment of investments — — (1,200)
Equity in net earnings of investees 5,025 10,616 11,302
Loss on derivative instruments (17,202) — —
Other nonoperating, net — — (87,746)
Total other expense (1,419) (10,994) (121,572)
Income (loss) from continuing operations before income taxes 14,811 50,376 (54,544)
Income tax (expense) benefit (9,093) (19,858) 83,096
Minority interest in income of subsidiaries (1) (2) (2)
Discontinued operations:
Income on disposal of assets of discontinued operations 297 574 380
Income from discontinued operations 297 574 380
Basic weighted average shares outstanding 34,752 34,629 31,927
Diluted weighted average shares outstanding 34,980 34,754 31,957
Continuing operations $ 0.16 $ 0.88 $ 0.89
Discontinued operations 0.01 0.02 0.02
Net income $ 0.17 $ 0.90 $ 0.91
Continuing operations $ 0.16 $ 0.88 $ 0.89
Discontinued operations 0.01 0.01 0.02
Net income $ 0.17 $ 0.89 $ 0.91
See accompanying notes to consolidated financial statements.
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