Orbitz 2008 Annual Report Download - page 43
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SELECTED FINANCIAL DATA
(in millions, except share and per share data)
Period from
August 23,
2006 to
December 31,
2006
Successor
Period from
January 1,
2006 to
August 22,
2006
Predecessor
Year Ended December 31,
Year Ended
December 31,
2007
Successor
2006(a)
Combined
2005
Predecessor
2004
Predecessor
2003
Predecessor
(unaudited)
Statements of operations
data:
Net revenue $ 859 $ 242 $ 510 $ 752 $ 686 $ 244 $ 154
Costs and expenses
Cost of revenue 157 38 75 113 101 43 15
Selling, general and
administrative 301 112
191 303 293 131 131
Marketing 302 89 188 277 224 86 50
Depreciation and
amortization 57 18
37 55 78 32 15
Impairment of
goodwill and
intangible assets — —
122 122 400 10 2
Total operating expenses 817 257 613 870 1,096 302 213
Operating income (loss) 42 (15) (103) (118) (410) (58) (59)
Other (expense) income
Interest expense, net (83) (9) (18) (27) (22) (2) —
Other income, net — — 1 1 2 — —
Total other (expense) (83) (9) (17) (26) (20) (2) —
Loss before income taxes
and minority
interest (41) (24)
(120) (144) (430) (60) (59)
Provision (benefit) for
income taxes 43 1
1 2 (42) 3 —
Minority interest, net of tax 1 — — — — — —
Net loss $ (85) $ (25) $ (121) $ (146) $ (388) $ (63) $ (59)
Period from
July 18, 2007
to
December 31,
2007
Net loss $ (42)
Net loss per share—basic
and diluted
Net loss per share $ (0.51)
Weighted average
shares outstanding 81,600,478
36
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008