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Table of Contents
AOL Inc.
Consolidated Statements of Operations
(In millions, except per share amounts)
Years ended December 31,
2009 2008 2007
Revenues
Advertising $ 1,748.3 $ 2,096.4 $ 2,230.6
Subscription 1,388.8 1,929.3 2,787.9
Other 120.3 140.1 162.2
Total revenues 3,257.4 4,165.8 5,180.7
Costs of revenues 1,898.5 2,278.4 2,652.6
Selling, general and administrative 538.0 644.8 964.2
Amortization of intangible assets 144.7 166.2 95.9
Amounts related to securities litigation and government investigations, net of recoveries 27.9 20.8 171.4
Restructuring costs 190.3 16.6 125.4
Goodwill impairment charge 2,207.0
Gain on disposal of assets and consolidated businesses, net (0.3) (682.6)
Operating income (loss) 458.0 (1,167.7) 1,853.8
Other income (loss), net (2.8) (3.8) 1.2
Income (loss) from continuing operations before income taxes 455.2 (1,171.5) 1,855.0
Income tax provision 206.7 355.1 641.7
Income (loss) from continuing operations 248.5 (1,526.6) 1,213.3
Discontinued operations, net of tax 182.1
Net income (loss) 248.5 (1,526.6) 1,395.4
Less: Net loss attributable to noncontrolling interests 0.3 0.8 0.7
Net income (loss) attributable to AOL Inc. $ 248.8 $ (1,525.8) $ 1,396.1
Amounts attributable to AOL Inc.:
Income (loss) from continuing operations $ 248.8 $ (1,525.8) $ 1,214.0
Discontinued operations, net of tax 182.1
Net income (loss) attributable to AOL Inc. $ 248.8 $ (1,525.8) $ 1,396.1
Per share information attributable to AOL Inc. common stockholders:
Basic and diluted income (loss) per common share from continuing operations $ 2.35 $ (14.42) $ 11.48
Discontinued operations 1.72
Basic and diluted net income (loss) per common share $ 2.35 $ (14.42) $ 13.20
Shares used in computing basic and diluted income (loss) per common share 105.8 105.8 105.8
See accompanying notes.
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