XO Communications 2009 Annual Report Download - page 34

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ITEM 6. SELECTED FINANCIAL DATA
The following selected consolidated financial data should be read in conjunction with the audited consolidated
financial statements and related notes and Management’s Discussion and Analysis of Financial Condition and
Results of Operations. The statement of operations and cash flow data set forth below for 2009, 2008 and
2007 and the balance sheet data as of December 31, 2009 and 2008 are derived from XOH’s audited
consolidated financial statements which are included in Item 8 of this Annual Report. The statement of
operations and cash flows data for 2006 and 2005 and the balance sheet data as of December 31, 2007, 2006
and 2005 are derived from audited consolidated financial statements of XOH not included in this Annual
Report.
Our loss from operations, net income (loss), net loss allocable to common shareholders and net loss allocable
to common shareholders per common share for 2009, 2008, 2007, 2006 and 2005 were materially affected by
certain items which affect the comparability of the information presented with other years’ results. See
explanations below.
Selected annual financial data for XOH is summarized in the following table (in thousands, except per share
data):
2009 2008 2007 2006 2005
Years Ended December 31,
Statement of Operations Data:
Revenue . . . ................................... $1,521,288 $1,477,610 $1,428,665 $1,416,843 $1,437,897
Loss from operations .............................. (47,232) (84,813) (110,137) (113,697) (128,962)
Net income (loss)
a
................................ 21,835 (75,281) (117,355) (131,890) (149,073)
Net loss allocable to common shareholders
a
............... (57,807) (117,075) (131,624) (145,376) (161,776)
Net loss allocable to common shareholders per common share,
basic and diluted
b
............................... (0.32) (0.64) (0.72) (0.80) (0.89)
Balance Sheet Data:
Cash, cash equivalents and marketable securities
c,d,e,f
......... 364,479 373,895 108,960 170,983 183,988
Totalassets .................................... 1,409,758 1,375,984 1,090,126 1,131,221 1,202,725
Long-term obligations
e,f
............................ — — 377,213 336,650 301,113
Class A convertible preferred stock
d
.................... 255,011 259,948 244,811 230,542 217,056
Class B convertible preferred stock
e
.................... 614,912 573,795 — — —
Class C perpetual preferred stock
e
...................... 223,958 200,877 — — —
Total stockholders’ (deficit ) equity . .................... (107,653) (58,469) 33,813 164,015 306,821
Statement of Cash Flow Data:
Net cash provided by operating activities . . ............... 148,541 71,614 139,534 97,657 108,980
Net cash used in investing activities
c
.................... (16,827) (293,596) (193,062) (103,455) (56,223)
Net cash provided by (used in) financing activities
e,f
.......... (25,302) 370,654 (6,960) (2,477) (109,908)
a
2009 included $53.3 million gain from the sale of marketable securities and a $5.8 million gain related to the settlement agreement
associated with our holding of Global Crossing debt securities. 2008 included $35.9 million of investment gain from the settlement of
litigation related to our holding of Allegiance debt securities, partially offset by a $20.9 million non-cash impairment of marketable
securities. 2007 included $21.5 million of investment income from settlements of legal matters related to our holding of Global
Crossing debt securities.
b
2009 included $0.29 per share from the $53.3 million gain of the sale of marketable securities. 2008 included $0.20 per share from the
settlement of litigation related to our holding of Allegiance debt securities, partially offset by a $0.11 per share non-cash impairment of
marketable securities. 2007 included $0.12 per share from settlements of legal matters related to our holding of Global Crossing debt
securities.
c
2009 included investment gains of $53.3 million related to the sale of marketable securities and $5.8 million related to the settlement
agreement associated with the Company’s holding of Global Crossing debt securities. 2008 included $137.2 million of payments for
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