Travelzoo 2012 Annual Report Download - page 84

Item 6. Selected Consolidated Financial Data
The selected consolidated financial data set forth below are derived from our audited consolidated financial statements. The following
selected consolidated financial data is qualified in its entirety by, and should be read in conjunction with, “Management's Discussion and
Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the notes thereto included elsewhere
herein.
Consolidated Statement of Operations Data:
Consolidated Balance Sheet Data:
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The information in this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations,
assumptions, estimates and projections about Travelzoo and our industry. These forward-looking statements are subject to the many risks and
uncertainties that exist in our operations and business environment that may cause actual results, performance or achievements of Travelzoo to
be different from those expected or anticipated in the forward-looking statements. Any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. For example, words such as “may”, “will”, “should”, “estimates”, “predicts”,
“potential”, “continue”, “strategy”, “believes”, “anticipates”, “plans”, “expects”, “intends”, and similar expressions are intended to identify
forward-looking statements. Travelzoo’s actual results and the timing of certain events could differ significantly from those anticipated in such
forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those discussed
elsewhere in this report in the section entitled “Risk Factors” and the risks discussed in our other SEC filings. The forward-looking statements
included in this report reflect the beliefs of our management on the date of this report. Travelzoo undertakes no obligation to update publicly any
forward-looking statements for any reason, even if new information becomes available or other circumstances occur in the future.
Overview
Year Ended December 31,
2012
2011 2010 2009 2008
(In thousands, except per share data)
Revenues
$
151,168
$
148,342
$
112,784
$
93,973
$
80,817
Income from continuing operations
25,489
15,022
23,512
13,708
13,312
Income from continuing operations, net of taxes
18,198
3,319
13,157
6,418
5,913
Loss from discontinued operations, net of taxes
—
—
—
(
1,233
)
(10,029
)
Net income (loss)
18,198
3,319
13,157
5,185
(4,116
)
Basic net income (loss) per share from:
Continuing operations
$
1.15
$
0.20
$
0.80
$
0.39
$
0.41
Discontinued operations
$
—
$
—
$
—
$
(
0.08
)
$
(0.70
)
Net income (loss) per share
$
1.15
$
0.20
$
0.80
$
0.32
$
(0.29
)
Diluted net income (loss) per share from:
Continuing operations
$
1.14
$
0.20
$
0.80
$
0.39
$
0.37
Discontinued operations
$
—
$
—
$
—
$
(
0.08
)
$
(0.62
)
Net income (loss) per share
$
1.14
$
0.20
$
0.80
$
0.32
$
(0.25
)
Shares used in per share calculation — basic
15,866
16,315
16,444
16,408
14,273
Shares used in per share calculation — diluted
15,901
16,414
16,453
16,416
16,190
Year Ended December 31,
2012
2011 2010 2009 2008
(In thousands, except per share data)
Cash and cash equivalents
$
61,169
$
38,744
$
41,184
$
19,776
$
14,179
Working capital
$
42,654
$
28,411
$
39,563
$
27,250
$
17,642
Total assets
$
97,833
$
68,348
$
66,002
$
46,132
$
35,322
Stockholders' equity
$
43,339
$
34,759
$
45,889
$
30,771
$
20,763