Orbitz 2011 Annual Report Download - page 55

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55
ORBITZ WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
Years Ended December 31,
2011 2010 2009
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 766,819 $ 757,487 $ 737,648
Cost and expenses:
Cost of revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139,390 138,279 127,695
Selling, general and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . 270,617 244,114 256,659
Marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241,670 232,757 225,126
Depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,540 72,891 69,156
Impairment of goodwill and intangible assets . . . . . . . . . . . . . . . . . . 49,891 70,151 331,527
Impairment of property and equipment and other assets
(see Notes 3 and 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 11,099 —
Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 762,108 769,291 1,010,163
Operating income/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,711 (11,804)(272,515)
Other income/(expense):
Net interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (40,488)(44,070)(57,322)
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 551 18 2,115
Total other expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (39,937)(44,052)(55,207)
Loss before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35,226)(55,856)(327,722)
Provision for income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,051 2,381 9,233
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (37,277)$ (58,237)$ (336,955)
Net loss per share - basic and diluted:
Net loss per share. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (0.36)$ (0.58)$ (4.01)
Weighted-average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . 104,118,983 101,269,274 84,073,593
See Notes to Consolidated Financial Statements.