Nutrisystem 2007 Annual Report Download - page 28

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ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data presented below has 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,
2007 2006 2005 2004 2003
Statement of Operations Data:
Revenue ...................................... $776,767 $565,950 $210,161 $37,912 $22,575
Costs and expenses:
Cost of revenue ............................. 363,874 270,625 108,356 21,571 14,870
Marketing ................................. 178,700 118,150 47,327 7,536 3,539
General and administrative ................... 65,527 41,655 19,351 6,965 6,428
Depreciation and Amortization ................ 5,812 2,464 700 259 223
Income (loss) from continuing operations
before income taxes. ........................... 162,854 133,056 34,427 1,581 (2,485)
Interest income, net ............................. 3,803 3,591 846 36 57
Other income (expense) .......................... (39) — — 134 —
Equity loss .................................... (800) — — — (157)
Income taxes (benefit) ........................... 60,871 50,969 13,567 701 (3,397)(b)
Discontinued operation .......................... (795)(a) (548) (691) (31) —
Net income .................................... $104,152 $ 85,130 $ 21,015 $ 1,019 $ 812
Basic income per common share:
Continuing operations ....................... $ 3.05 $ 2.39 $ 0.66 $ 0.03 $ 0.03
Discontinued operation ...................... (0.02) (0.01) (0.02) — —
Basic ..................................... $ 3.03 $ 2.38 $ 0.64 $ 0.03 $ 0.03
Diluted income per common share:
Continuing operations ....................... $ 2.98 $ 2.30 $ 0.61 $ 0.03 $ 0.03
Discontinued operation ...................... (0.02) (0.01) (0.02) — —
Diluted ................................... $ 2.96 $ 2.29 $ 0.59 $ 0.03 $ 0.03
Weighted average shares outstanding:
Basic ..................................... 34,397 35,800 32,898 29,206 26,733
Diluted ................................... 35,171 37,122 35,618 31,842 27,064
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