Vonage 2008 Annual Report Download - page 65

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VONAGE HOLDINGS CORP. CONSOLIDATED STATEMENTS OF OPERATIONS
F
or t
h
e
Y
ears
E
n
d
e
dD
ecem
b
er
3
1,
(
In thousands, exce
p
t
p
er share amounts
)
2
008
2
00
72
006
O
perating Revenues
:
Telephony service
s
$
865,765
$
803,522
$
581,806
C
ustomer equipment and shippin
g
34,355 24,706 25,591
900,120 828,228 607,39
7
O
peratin
g
Expenses
:
D
irect cost of telephony services (excluding depreciation and amortization of $20,254, $18,43
4
and $12,715, respectively) 226,210 216,831 171,95
8
R
oyalty – 32,606 51,34
5
Total direct cost o
f
telephony services 226,210 249,437 223,30
3
D
irect cost o
fg
oods sold
7
9,382 59,117 62,730
Sellin
g
,
g
eneral and administrative 298,985 461,768 272,826
Marketin
g
253,370 283,968 365,34
9
D
e
p
reciation and amortization 48,612 35,718 23,67
7
906,559 1,090,008 947,885
Loss from o
p
erations
(
6,439
)(
261,780
)(
340,488
)
O
ther Income
(
Expense
)
:
I
nterest
i
ncom
e
3,236 1
7
,
5
82 21,4
7
2
I
nterest expens
e
(
29,878) (22,810) (19,583
)
L
oss on early extinguishment of notes (30,570) –
–
Other
,
ne
t
(247) (238) (189)
(
57,459) (5,466) 1,70
0
L
oss before income tax benefit (expense) (63,898) (267,246) (338,788
)
Income tax benefit (expense
)
(678) (182) 21
5
N
et
l
os
s
$
(64,576) $ (267,428) $(338,573)
Net loss
p
er common share
:
Bas
i
ca
n
dd
il
u
t
ed
$(
0.41
)$ (
1.72
)$ (
3.59
)
W
e
i
g
h
te
d
-average common s
h
ares outstan
di
ng
:
Bas
i
ca
n
dd
il
u
t
ed
1
56,258 155,593 94,20
7
The accompanyin
g
notes are an inte
g
ral part of these financial statements
F-
5