Nutrisystem 2011 Annual Report Download - page 32

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ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data presented below has been derived from our 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 our Consolidated Financial Statements included as Items 7 and 8, respectively, in this Annual
Report.
Selected Consolidated Financial Data
(In thousands, except per share data)
Year Ended December 31,
2011 2010 2009 2008 2007
Statement of Operations Data:
Revenue ....................................... $401,336 $509,515 $524,618 $686,181 $776,767
Costs and expenses:
Cost of revenue ............................. 198,405 224,806 241,163 325,172 349,891
Marketing .................................. 110,922 145,868 146,426 174,862 178,700
General and administrative .................... 60,812 73,853 76,418 86,701 79,435
Depreciation and amortization .................. 12,068 11,773 11,177 8,093 5,812
Operating income from continuing operations ......... 19,129 53,215 49,434 91,353 162,929
Other (expense) income ........................... 0 (32) 407 (1,145) (39)
Equity and impairment loss ........................ 0 0 (4,000)(a) (9,458)(a) (800)
Interest (expense) income, net ...................... (468) 5 104 454 3,728
Income taxes ................................... 6,400 19,309 13,072 34,018 60,871
Discontinued operations, net ....................... 0 (242)(b) (4,083)(b, c) (933)(b, c) (795)(c)
Net income ..................................... $ 12,261 $ 33,637 $ 28,790 $ 46,253 $104,152
Basic income per common share:
Continuing operations ........................ $ 0.44 $ 1.14 $ 1.07 $ 1.50 $ 3.05
Discontinued operations ....................... 0 (0.01) (0.14) (0.03) (0.02)
Basic ...................................... $ 0.44 $ 1.13 $ 0.93 $ 1.47 $ 3.03
Diluted income per common share:
Continuing operations ........................ $ 0.43 $ 1.13 $ 1.06 $ 1.48 $ 2.98
Discontinued operations ....................... 0 (0.01) (0.14) (0.03) (0.02)
Diluted .................................... $ 0.43 $ 1.12 $ 0.92 $ 1.45 $ 2.96
Weighted average shares outstanding:
Basic ...................................... 27,033 28,312 29,458 30,684 34,397
Diluted .................................... 27,325 28,686 29,769 31,172 35,171
December 31,
2011 2010 2009 2008 2007
Balance Sheet Data:
Cash, cash equivalents and marketable securities .... $ 57,607 $ 41,219 $ 62,522 $ 38,309 $ 42,448
Working capital .............................. 76,239 74,020 103,341 78,448 103,349
Total assets .................................. 150,354 149,953 170,787 159,471 198,560
Borrowings under credit facility ................. 30,000 30,000000
Non-current liabilities ......................... 4,734 5,313 1,550 1,298 1,006
Stockholders’ equity ........................... 74,958 74,976 128,963 115,825 141,502
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