Orbitz 2010 Annual Report Download - page 36

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SELECTED FINANCIAL DATA
(in millions, except share and per share data)
2009
Successor
2008
Successor
2007
Successor
Period from
August 23,
2006 to
December 31,
2006
Successor
Period from
January 1,
2006 to
August 22,
2006
Predecessor
2006(a)
Combined
2005
Predecessor
Years Ended December 31,
Years Ended
December 31,
Statements of operations data:
Net revenue . . . . . . . . . . . . . . . $ 738 $ 870 $ 859 $242 $ 510 $ 752 $ 686
Cost and expenses
Cost of revenue . . . . . . . . . . . 138 163 157 38 75 113 101
Selling, general and
administrative . . . . . . . . . . . 257 272 301 112 191 303 293
Marketing . . . . . . . . . . . . . . . 215 310 302 89 188 277 224
Depreciation and
amortization . . . . . . . . . . . . 69 66 57 18 37 55 78
Impairment of goodwill and
intangible assets . . . . . . . . . 332 297 — — 122 122 400
Total operating expenses . . . . . . . 1,011 1,108 817 257 613 870 1,096
Operating (loss) income . . . . . . (273) (238) 42 (15) (103) (118) (410)
Other (expense) income
Net interest expense . . . . . . . . (57) (63) (83) (9) (18) (27) (22)
Gain on extinguishment of
debt . . . . . . . . . . . . . . . . . . 2 — — — — — —
Other income, net . . . . . . . . . . — — — — 1 1 2
Total other (expense) . . . . . . . . . (55) (63) (83) (9) (17) (26) (20)
Loss before income taxes. . . . . . (328) (301) (41) (24) (120) (144) (430)
Provision (benefit) for income
taxes . . . . . . . . . . . . . . . . . . . 9 (2) 43 1 1 2 (42)
Net loss . . . . . . . . . . . . . . . . . . (337) (299) (84) (25) (121) (146) (388)
Less: Net income attributable to
noncontrolling interest . . . . . . . — — (1) — — — —
Net loss attributable to Orbitz
Worldwide, Inc. . . . . . . . . . . $ (337) $ (299) $ (85) $ (25) $(121) $(146) $ (388)
2009 2008
Period from
July 18,
2007 to
December 31,
2007
Years Ended
December 31,
Net loss attributable to Orbitz
Worldwide, Inc. common
shareholders . . . . . . . . . . . . . $ (337) $ (299) $ (42)
Net loss per share attributable
to Orbitz Worldwide, Inc.
common shareholders —
basic and diluted:
Net loss per share attributable
to Orbitz Worldwide, Inc.
common shareholders . . . . . $ (4.01) $ (3.58) $ (0.51)
Weighted average shares
outstanding . . . . . . . . . . . . . 84,073,593 83,342,333 81,600,478
Cash dividends declared per
common share............ — — —
36