Vonage 2010 Annual Report Download - page 60

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VONAGE HOLDINGS CORP. CONSOLIDATED STATEMENTS OF OPERATIONS
F
or t
h
e
Y
ears
E
n
d
e
d
D
ecem
b
er
3
1
,
(
In thousands, except per share amounts)
20
1
0 2009 2008
Operating Revenues
:
Telephony services
$
872,934
$
864,848
$
865,76
5
C
ustomer equipment and shippin
g
12,108 24,232 34,35
5
88
5,
042 889
,
080 900
,
120
O
peratin
g
Expenses
:
Direct cost of telephony services (excluding depreciation and amortization of $18,725, $18,958
,
and $20,254, respectivel
y)
2
43
,
794 213
,
553 226
,
21
0
Direct cost o
f
goods sol
d
5
5
,
965 71
,
488 79
,
382
S
elling, general and administrative 238,986 265,456 298,985
M
ar
k
et
i
n
g
198
,
170 227
,
990 253
,
37
0
D
eprec
i
at
i
on an
d
amort
i
zat
i
o
n
5
3
,
073 53
,
391 48
,
612
7
89
,
988 831
,
878 906
,
55
9
Income (loss) from operation
s
95,054 57,202 (6,439
)
O
ther Income
(
Ex
p
ense
):
Int
e
r
es
tin
co
m
e
5
19 2
77
3
,
236
Interest ex
p
ens
e
(
48,541
)(
54,192
)(
29,878
)
C
han
g
e in fair value of embedded features within notes payable and stock warrant
(
99,338
)(
49,933
)
—
(
Loss
)g
ain on extin
g
uishment of notes
(
31,023
)
4,041
(
30,570
)
O
ther
(
ex
p
ense
)
income, ne
t
(
18
)
843
(
247
)
(
178,401
)(
98,964
)(
57,459
)
Loss be
f
ore income tax expens
e
(
83,347
)(
41,762
)(
63,898
)
I
ncome tax expens
e
(
318
)(
836
)(
678
)
N
et
l
os
s
$
(83,665) $ (42,598) $ (64,576
)
Net loss
p
er common share
:
B
as
i
ca
n
dd
il
u
t
ed
$(
0.40
)$ (
0.25
)$ (
0.41
)
W
e
i
g
h
te
d
-average common s
h
ares outstan
di
ng:
B
as
i
can
d dil
ute
d
2
09
,
868 170
,
314 156
,
25
8
T
he accompanyin
g
notes are an inte
g
ral part of these financial statement
s
F
-5