America Online 2011 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2011 America Online annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 129

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129

Table of Contents
AOL INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
Years Ended December 31,
2011 2010 2009
Revenues:
Advertising $ 1,314.2 $ 1,284.1 $ 1,736.7
Subscription 803.2 1,023.6 1,388.8
Other 84.7 109.0 120.3
Total revenues 2,202.1 2,416.7 3,245.8
Costs of revenues 1,584.4 1,420.6 1,893.2
General and administrative 440.0 491.2 535.0
Amortization of intangible assets 92.0 145.3 137.9
Amounts related to securities litigation and government investigations, net of recoveries — — 27.9
Restructuring costs 38.3 33.8 189.2
Goodwill impairment charge — 1,414.4 —
(Gain) loss on disposal of assets and consolidated businesses, net 1.6 (106.0) —
Operating income (loss) 45.8 (982.6) 462.6
Other income (loss), net (3.5) 13.4 (2.5)
Income (loss) from continuing operations before income taxes 42.3 (969.2) 460.1
Income tax provision (benefit) 29.2 (178.5) 208.7
Income (loss) from continuing operations 13.1 (790.7) 251.4
Discontinued operations, net of tax — 8.2 (2.9)
Net income (loss) $ 13.1 $ (782.5) $ 248.5
Less: Net loss attributable to noncontrolling interests — — 0.3
Net income (loss) attributable to AOL Inc. $ 13.1 $ (782.5) $ 248.8
Amounts attributable to AOL Inc.:
Income (loss) from continuing operations $ 13.1 $ (790.7) $ 251.7
Discontinued operations, net of tax — 8.2 (2.9)
Net income (loss) attributable to AOL Inc. $ 13.1 $ (782.5) $ 248.8
Per share information attributable to AOL Inc. common stockholders:
Basic income (loss) per common share from continuing operations $ 0.13 $ (7.42) $ 2.38
Discontinued operations, net of tax — 0.08 (0.03)
Basic net income (loss) per common share $ 0.13 $ (7.34) $ 2.35
Diluted income (loss) per common share from continuing operations $ 0.12 $ (7.42) $ 2.38
Discontinued operations, net of tax — 0.08 (0.03)
Diluted net income (loss) per common share $ 0.12 $ (7.34) $ 2.35
Shares used in computing basic income per common share 104.2 106.6 105.8
Shares used in computing diluted income per common share 106.0 106.6 105.8
See accompanying notes.
62