America Online 2010 Annual Report Download - page 72

Table of Contents
AOL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Years Ended December 31,
2010 2009 2008
(recast) (recast)
Revenues:
Advertising $ 1,284.1 $ 1,736.7 $ 2,083.3
Subscription 1,023.6 1,388.8 1,929.3
Other 109.0 120.3 140.1
Total revenues 2,416.7 3,245.8 4,152.7
Costs of revenues 1,420.6 1,893.2 2,273.1
Selling, general and administrative 491.2 535.0 640.0
Amortization of intangible assets 145.3 137.9 159.0
Amounts related to securities litigation and government investigations, net of recoveries — 27.9 20.8
Restructuring costs 33.8 189.2 16.6
Goodwill impairment charge 1,414.4 — 2,207.0
(Gain) on disposal of assets and consolidated businesses, net (106.0) — (0.3)
Operating income (loss) (982.6) 462.6 (1,163.5)
Other income (loss), net 13.4 (2.5) (4.1)
Income (loss) from continuing operations before income taxes (969.2) 460.1 (1,167.6)
Income tax provision (benefit) (178.5) 208.7 353.0
Income (loss) from continuing operations (790.7) 251.4 (1,520.6)
Discontinued operations, net of tax 8.2 (2.9) (6.0)
Net income (loss) (782.5) 248.5 (1,526.6)
Less: Net loss attributable to noncontrolling interests — 0.3 0.8
Net income (loss) attributable to AOL Inc. $ (782.5) $ 248.8 $ (1,525.8)
Amounts attributable to AOL Inc.:
Income (loss) from continuing operations $ (790.7) $ 251.7 $ (1,519.8)
Discontinued operations, net of tax 8.2 (2.9) (6.0)
Net income (loss) attributable to AOL Inc. $ (782.5) $ 248.8 $ (1,525.8)
Per share information attributable to AOL Inc. common stockholders:
Basic and diluted income (loss) per common share from continuing operations $ (7.42) $ 2.38 $ (14.36)
Discontinued operations, net of tax 0.08 (0.03) (0.06)
Basic and diluted net income (loss) per common share $ (7.34) $ 2.35 $ (14.42)
Shares used in computing basic and diluted income per common share 106.6 105.8 105.8
See accompanying notes.
68