Nutrisystem 2014 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 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,
2014 2013 2012(c) 2011 2010
Statement of Operations Data:
Revenue ................................... $403,083 $358,086 $396,878 $401,336 $509,515
Costs and expenses:
Cost of revenue .......................... 199,053 184,210(a) 213,095 198,405 224,806
Marketing .............................. 107,706 95,784 111,095 110,922 145,868
General and administrative ................. 59,231 58,227(b) 66,332 60,812 73,853
Depreciation and amortization .............. 7,849 8,896 10,724 12,068 11,773
Operating income (loss) from continuing
operations ................................ 29,244 10,969 (4,368) 19,129 53,215
Other expense ............................... 0 0 78 0 32
Interest expense (income), net .................. 142 89 2,034 468 (5)
Income tax expense (benefit) ................... 9,791 3,510 (3,675) 6,400 19,309
Discontinued operations, net ................... 0 0 0 0 242(d)
Net income (loss) ............................ $ 19,311 $ 7,370 $ (2,805) $ 12,261 $ 33,637
Basic income (loss) per common share:
Continuing operations ................. $ 0.67 $ 0.26 $ (0.10) $ 0.44 $ 1.14
Discontinued operations ............... 0.00 0.00 0.00 0.00 (0.01)
Basic .............................. $ 0.67 $ 0.26 $ (0.10) $ 0.44 $ 1.13
Diluted income (loss) per common share:
Continuing operations ................. $ 0.66 $ 0.25 $ (0.10) $ 0.43 $ 1.13
Discontinued operations ............... 0.00 0.00 0.00 0.00 (0.01)
Diluted ............................ $ 0.66 $ 0.25 $ (0.10) $ 0.43 $ 1.12
Weighted average shares outstanding:
Basic .............................. 28,323 28,013 27,499 27,033 28,312
Diluted ............................ 28,787 28,287 27,499 27,325 28,686
December 31,
2014 2013 2012 2011 2010
Balance Sheet Data:
Cash, cash equivalents and short term
investments ............................... $ 29,247 $ 26,323 $ 19,391 $ 57,607 $ 41,219
Working capital ............................. 24,831 21,772 31,403 76,239 74,020
Total assets ................................. 109,892 102,445 98,406 150,354 149,953
Borrowings under credit facility ................. 0 0 0 30,000 30,000
Non-current liabilities ......................... 2,710 2,779 3,525 4,734 5,313
Stockholders’ equity .......................... 55,515 52,157 60,109 74,958 74,976
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