XO Communications 2010 Annual Report Download - page 56

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XO Holdings, Inc.
Consolidated Statements of Operations
(in thousands, except per share data)
Years Ended December 31,
2010 2009 2008
Revenue ....................................... $1,529,241 $1,521,288 $1,477,610
Costs and expenses
Cost of service (exclusive of depreciation and amortization). . . 869,370 879,979 871,445
Selling, general and administrative .................... 469,120 489,427 497,616
Depreciation and amortization ....................... 183,732 180,144 189,228
Impairment of LMDS licenses....................... 20,000 8,282 —
Loss on disposal of assets.......................... 5,781 10,688 4,134
Total costs and expenses ......................... 1,548,003 1,568,520 1,562,423
Loss from operations............................... (18,762) (47,232) (84,813)
Interest income................................... 212 11,844 7,398
Investment gain, net ............................... 6,846 59,986 19,187
Interest expense, net ............................... (329) (1,568) (21,322)
Other income .................................... — — 257
Net income (loss) before income taxes................... (12,033) 23,030 (79,293)
Income tax benefit (expense) ......................... 191 (1,195) 4,012
Net income (loss) ................................. (11,842) 21,835 (75,281)
Preferred stock accretion ............................ (73,272) (79,642) (41,794)
Net loss allocable to common shareholders ................ $ (85,114) $ (57,807) $ (117,075)
Net loss allocable to common shareholders per common share,
basic and diluted ................................ $ (0.47) $ (0.32) $ (0.64)
Weighted average shares, basic and diluted ................ 182,075 182,075 182,075
See accompanying notes to the consolidated financial statements.
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