Nutrisystem 2008 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,
2008 2007 2006 2005 2004
Statement of Operations Data:
Revenue ................................... $687,741 $776,767 $565,950 $210,161 $37,912
Costs and expenses:
Cost of revenue ......................... 338,658 363,874 270,625 108,356 21,571
Marketing ............................. 175,027 178,700 118,150 47,327 7,536
General and administrative ................ 75,703 65,527 41,655 19,351 6,965
Depreciation and amortization ............. 8,508 5,812 2,464 700 259
Operating income from continuing operations ..... 89,845 162,854 133,056 34,427 1,581
Other income (expense) ....................... (1,145) (39) — — 134
Equity and impairment loss .................... (9,458)(b) (800) — — —
Interest income, net .......................... 757 3,803 3,591 846 36
Income taxes ............................... 33,572 60,871 50,969 13,567 701
Discontinued operation ....................... (174) (795)(a) (548) (691) (31)
Net income ................................. $ 46,253 $104,152 $ 85,130 $ 21,015 $ 1,019
Basic income per common share:
Continuing operations .................... $ 1.51 $ 3.05 $ 2.39 $ 0.66 $ 0.03
Discontinued operation ................... — (0.02) (0.01) (0.02) —
Basic ................................. $ 1.51 $ 3.03 $ 2.38 $ 0.64 $ 0.03
Diluted income per common share:
Continuing operations .................... $ 1.49 $ 2.98 $ 2.30 $ 0.61 $ 0.03
Discontinued operation ................... (0.01) (0.02) (0.01) (0.02) —
Diluted ................................ $ 1.48 $ 2.96 $ 2.29 $ 0.59 $ 0.03
Weighted average shares outstanding:
Basic ................................. 30,684 34,397 35,800 32,898 29,206
Diluted ................................ 31,172 35,171 37,122 35,618 31,842
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