Nutrisystem 2005 Annual Report Download - page 24

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ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data presented below have been derived from the Company’s
Consolidated Financial Statements for each of the periods indicated. The data set forth below is qualified by
reference to and should be read in conjunction with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and the Company’s Consolidated Financial Statements included as Items 7
and 8, respectively, in this Annual Report on Form 10-K.
Selected Consolidated Financial Data
(in thousands, except per share data)
Year Ended December 31,
2005 2004 2003 2002 2001
Statement of Operations Data:
Revenue:
Total revenue .................................... $212,506 $37,996 $22,575 $27,569 $23,798
Costs and expenses:
Cost of revenue ............................... 109,431 21,612 14,870 17,655 14,385
Marketing ................................... 47,793 7,548 3,539 1,263 3,565
General and administrative ..................... 21,009 7,039 5,829 5,902 5,169
New program development .....................——599——
Depreciation and amortization ................... 983 268 223 336 418
Operating income (loss) from continuing operations ...... 33,290 1,529 (2,485) 2,413 261
Other income (loss) ............................... — 134 — (100) 77
Equity in losses of affiliate .......................... — — (157) (143) —
Interest income, net ............................... 860 36 57 41 98
Income tax provision (benefit) ....................... 13,135 680 (3,397)(a) — —
Discontinued operation ............................———200(b) 813(b)
Net income ...................................... $ 21,015 $ 1,019 $ 812 $ 2,411 $ 1,249
Basic earnings per share:
Continuing operations ......................... $ 0.64 $ 0.03 $ 0.03 $ 0.08 $ 0.01
Discontinued operation ........................————0.03
Disposal of discontinued operation ...............———0.01 —
Basic ................................... $ 0.64 $ 0.03 $ 0.03 $ 0.09 $ 0.04
Diluted earnings per share:
Continuing operations ......................... $ 0.59 $ 0.03 $ 0.03 $ 0.08 $ 0.01
Discontinued operation ........................————0.03
Disposal of discontinued operation ...............———0.01 —
Diluted ................................. $ 0.59 $ 0.03 $ 0.03 $ 0.09 $ 0.04
Weighted average shares outstanding
Basic ....................................... 32,898 29,206 26,733 26,475 28,156
Diluted ..................................... 35,618 31,842 27,064 26,917 28,201
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