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Table of Contents
AOL INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 14—SELECTED QUARTERLY FINANCIAL DATA (Unaudited)
Quarter Ended
March 31, June 30, September 30, December 31,
2011
Revenues:
Advertising $ 313.7 $ 319.0 $ 317.7 $ 363.8
Subscription 215.4 201.3 191.9 194.6
Other 22.3 21.9 22.1 18.4
Total revenues 551.4 542.2 531.7 576.8
Costs of revenues 388.9 403.4 397.9 394.2
Operating income (loss)(a) (11.8) (5.8) 8.6 54.8
Net income (loss) attributable to AOL Inc. $ 4.7 $ (11.8) $ (2.6) $ 22.8
Basic net income (loss) per common share $ 0.04 $ (0.11) $ (0.02) $ 0.23
Diluted net income (loss) per common share $ 0.04 $ (0.11) $ (0.02) $ 0.23
March 31, June 30, September 30, December 31,
2010
Revenues:
Advertising $ 354.3 $ 304.7 $ 293.5 $ 331.6
Subscription 282.7 260.2 244.8 235.9
Other 27.3 27.3 25.9 28.5
Total revenues 664.3 592.2 564.2 596.0
Costs of revenues 364.7 335.0 342.8 378.1
Operating income (loss)(b) 80.7 (1,331.8) 201.1 67.4
Net income (loss) attributable to AOL Inc. $ 34.7 $ (1,055.0) $ 171.6 $ 66.2
Basic net income (loss) per common share $ 0.33 $ (9.89) $ 1.61 $ 0.62
Diluted net income (loss) per common share $ 0.32 $ (9.89) $ 1.60 $ 0.61
(a) Operating income (loss) for the quarter ended March 31, 2011 includes restructuring costs of $27.8 million mainly as a result of our acquisition of The
Huffington Post and costs incurred as a result of the reassessment of our operations in India.
(b) Operating income (loss) for the quarter ended June 30, 2010 includes a $1,414.4 million non-cash impairment charge to reduce the carrying value of
goodwill. Operating income (loss) includes the effects of restructuring charges related primarily to voluntary and involuntary employee terminations
and facility closures of $23.4 million and $11.1 million for the quarters ended March 31, 2010 and June 30, 2010, respectively.
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