Nutrisystem 2014 Annual Report Download - page 44

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NUTRISYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Year Ended December 31,
2014 2013 2012
REVENUE ..................................................... $403,083 $358,086 $396,878
COSTS AND EXPENSES:
Cost of revenue .............................................. 199,053 184,210 213,095
Marketing .................................................. 107,706 95,784 111,095
General and administrative .................................... 59,231 58,227 66,332
Depreciation and amortization .................................. 7,849 8,896 10,724
Total costs and expenses .................................. 373,839 347,117 401,246
Operating income (loss) ................................... 29,244 10,969 (4,368)
OTHER EXPENSE .............................................. 0 0 78
INTEREST EXPENSE, net ........................................ 142 89 2,034
Income (loss) before income tax expense (benefit) .............. 29,102 10,880 (6,480)
INCOME TAX EXPENSE (BENEFIT) .............................. 9,791 3,510 (3,675)
Net income (loss) ........................................ $ 19,311 $ 7,370 $ (2,805)
BASIC INCOME (LOSS) PER COMMON SHARE .................... $ 0.67 $ 0.26 $ (0.10)
DILUTED INCOME (LOSS) PER COMMON SHARE .................. $ 0.66 $ 0.25 $ (0.10)
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic .................................................. 28,323 28,013 27,499
Diluted ................................................ 28,787 28,287 27,499
DIVIDENDS DECLARED PER COMMON SHARE ................... $ 0.70 $ 0.70 $ 0.70
The accompanying notes are an integral part of these consolidated financial statements.
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