Vistaprint 2009 Annual Report Download - page 54

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Item 6. Selected Consolidated Financial Data
The following selected consolidated financial data should be read in conjunction with our
consolidated financial statements, the related notes and “Item 7. Management’s Discussion and
Analysis of Financial Condition and Results of Operations” included elsewhere in this Annual Report on
Form 10-K. The selected consolidated financial data set forth below as of June 30, 2009 and 2008, and
for the years ended June 30, 2009, 2008 and 2007 are derived from our audited financial statements
and included elsewhere in this Annual Report on Form 10-K. The selected consolidated financial data
as of June 30, 2007, 2006 and 2005 and for the years ended June 30, 2006 and 2005 are derived from
our audited financial statements not included in this Annual Report on Form 10-K. See the notes to the
consolidated financial statements for an explanation of the method used to determine the number of
shares used in computing basic and diluted net loss/income per common share. The historical results
are not necessarily indicative of the results to be expected for any future period.
Year Ended June 30,
2009 2008 2007 2006 2005
(In thousands, except share and per share data)
Consolidated Statements of
Operations Data:
Revenue......................... $ 515,826 $ 400,657 $ 255,933 $ 152,149 $ 90,885
Cost of revenue .................. 191,944 154,122 89,971 49,858 36,528
Technology and development
expense ....................... 60,921 44,828 27,176 15,628 10,839
Marketing and selling expense..... 159,143 127,975 87,887 51,174 32,372
General and administrative
expense ....................... 42,236 32,572 23,694 16,624 5,813
Loss on contract termination....... ————21,000
Income (loss) from operations ..... 61,582 41,160 27,205 18,865 (15,667)
Interest income................... 1,725 4,160 4,691 2,903 293
Other (expense) income, net ...... (803) 427 (45) (494) (371)
Interest expense.................. 1,401 1,655 1,828 1,256 390
Income (loss) from operations
before income taxes ............ 61,103 44,092 30,023 20,018 (16,135)
Income tax provision .............. 5,417 4,261 2,880 783 84
Net income (loss)................. $ 55,686 $ 39,831 $ 27,143 $ 19,235 $(16,219)
Net income (loss) attributable to
common shareholders:
Basic........................ $ 55,686 $ 39,831 $ 27,143 $ 16,889 $(21,032)
Diluted ...................... $ 55,686 $ 39,831 $ 27,143 $ 19,235 $(21,032)
Basic net income (loss) per
share.......................... $ 1.29 $ 0.91 $ 0.64 $ 0.51 $ (1.85)
Diluted net income (loss) per
share.......................... $ 1.25 $ 0.87 $ 0.60 $ 0.45 $ (1.85)
Weighted average common shares
outstanding—basic ............. 43,330,166 43,913,119 42,445,991 33,147,287 11,358,575
Weighted average common shares
outstanding—diluted ............ 44,634,191 46,016,364 45,364,257 42,624,689 11,358,575
Share-based compensation
expense ....................... $ 19,473 $ 14,747 $ 8,765 $ 4,850 —
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