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Table of Contents
Item 6. Selected Financial Data
The following selected financial data for the five years ended December 31, 2010 should be read in conjunction with the consolidated
financial statements and accompanying notes included herein.
25
Year Ended December 31,
2010
2009
2008
2007
2006
(Dollars in thousands, except per share data)
Statement of
Operations Data
(1)
:
Revenue
1,636,815
1,346,695
1,410,078
1,301,969
$
972,961
Operating income (loss)
49,795
(1,037,987
)
(44,254
)
(67,515
)
(104,385
)
(Loss) earnings from
continuing operations,
net of tax
(9,393
)
(956,473
)
141,935
1,051
(23,122
)
Earnings (loss) from
discontinued
operations, net of tax
103,745
(23,439
)
(306,096
)
(149,681
)
209,420
Net earnings (loss)
attributable to IAC
shareholders
99,359
(978,822
)
(156,201
)
(144,069
)
187,065
(Loss) earnings per
common share from
continuing
operations
attributable to IAC
shareholders
Basic
(0.04
)
(6.89
)
1.07
0.04
(0.15
)
Diluted
(0.04
)
(6.89
)
1.04
0.04
(0.15
)
Balance Sheet Data at
December 31:
Cash and cash
equivalents
742,099
1,245,997
1,744,994
1,585,302
$
1,428,140
Marketable securities
563,997
487,591
125,592
326,788
897,742
Total assets
3,439,554
4,015,889
5,251,320
12,590,802
13,243,156
Long-term obligations,
net of current
maturities
95,844
95,844
95,844
834,542
837,048
Redeemable
noncontrolling
interests
59,869
28,180
22,771
32,880
24,212
Shareholders' equity
2,430,933
3,127,826
4,427,536
8,583,662
8,739,474
(1) We recognized items that affected the comparability of results for the years 2010, 2009 and 2008, see "Item 7—
Management's Discussion and Analysis of Financial Condition and Results of Operations."