Orbitz 2010 Annual Report Download - page 69
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ORBITZ WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except share and per share data)
2009 2008 2007
Years Ended December 31,
Net revenue .................................... $ 738 $ 870 $ 859
Cost and expenses
Cost of revenue ................................ 138 163 157
Selling, general and administrative .................. 257 272 301
Marketing .................................... 215 310 302
Depreciation and amortization ..................... 69 66 57
Impairment of goodwill and intangible assets .......... 332 297 —
Total operating expenses ........................... 1,011 1,108 817
Operating (loss) income ........................... (273) (238) 42
Other (expense) income
Net interest expense ............................. (57) (63) (83)
Gain on extinguishment of debt .................... 2 — —
Total other (expense) .............................. (55) (63) (83)
Loss before income taxes .......................... (328) (301) (41)
Provision (benefit) for income taxes ................... 9 (2) 43
Net loss ....................................... (337) (299) (84)
Less: Net income attributable to noncontrolling interest .... — — (1)
Net loss attributable to Orbitz Worldwide, Inc. ........ $ (337) $ (299) $ (85)
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
See Notes to Consolidated Financial Statements.
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