ServiceMagic 2009 Annual Report Download - page 119

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Table of Contents
IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 21—QUARTERLY RESULTS (UNAUDITED)
Quarter Ended
March 31(a)
Quarter Ended
June 30(b)
Quarter Ended
September 30(c)
Quarter Ended
December 31(d)
(In thousands, except per share data)
Year Ended December 31, 2009
Revenue
332,010
340,045
$
336,577
$
367,156
Cost of revenue
112,922
106,721
107,298
122,849
Operating (loss) income
(33,124
)
3,907
7,121
(1,036,410
)
(Loss) earnings from continuing
operations
(29,882
)
42,593
23,812
(1,005,539
)
Earnings (loss) from
discontinued operations, net of
tax
1,238
(2,196
)
(2,514
)
(7,424
)
Net (loss) earnings
(28,644
)
40,397
21,298
(1,012,963
)
Net (loss) earnings attributable to
IAC shareholders
(28,386
)
40,813
21,682
(1,012,931
)
Per share information attributable to IAC shareholders:
Basic (loss) earnings per share
from continuing operations(i)
(0.20
)
0.29
$
0.18
$
(7.88
)
Diluted (loss) earnings per share
from continuing operations(i)
(0.20
)
0.29
$
0.18
$
(7.88
)
Basic (loss) earnings per share(i)
(0.19
)
0.28
$
0.16
$
(7.94
)
Diluted (loss) earnings per share
(i)
(0.19
)
0.28
$
0.16
$
(7.94
)
Quarter Ended
March 31(a)(e) Quarter Ended
June 30(e)(f)(j) Quarter Ended
September 30(e)(g) Quarter Ended
December 31(h)
(In thousands, except per share data)
Year Ended December 31,
2008
Revenue
370,656
354,164
$
369,280
350,995
Cost of revenue
130,279
107,156
119,764
120,191
Operating loss
(11,108
)
(6,434
)
(22,638
)
(21,781
)
(Loss) earnings from
continuing operations
(3,453
)
(84,636
)
(1,267
)
220,536
Earnings (loss) from
discontinued operations,
net of tax
55,939
(337,445
)
(13,951
)
2,227
Net earnings (loss)
52,486
(422,081
)
(15,218
)
222,763
Net earnings (loss)
attributable to IAC
shareholders
52,816
(421,597
)
(14,837
)
227,417
Per share information attributable to IAC shareholders:
Basic (loss) earnings per
share from continuing
operations(i)
(0.02
)
(0.60
)
$
(0.01
)
1.60
Diluted (loss) earnings per
share from continuing
operations(i)
(0.02
)
(0.60
)
$
(0.01
)
1.56
Basic earnings (loss) per
share(i)
0.38
(3.02
)
$
(0.11
)
1.62
Diluted earnings (loss) per
share(i)
0.38
(3.02
)
$
(0.11
)
1.57
(a)
In the second quarter of 2009, certain expenses were reclassified from cost of revenue to selling and marketing expense.