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ITEM 6. SELECTED FINANCIAL DATA
The following financial information for each of the five years ended December 31, 2014 has been derived
from our consolidated financial statements. The selected consolidated financial data as of December 31, 2014
and 2013 and for the years ended December 31, 2014, 2013 and 2012 is derived from our audited consolidated
financial statements included elsewhere in this Annual Report. The selected consolidated financial data as of
December 31, 2012, 2011 and 2010 and for the years ended December 31, 2011 and 2010 is derived from audited
financial statements not included herein.
The selected historical financial data presented below should be read in conjunction with our consolidated
financial statements and the accompanying notes thereto, and “Item 7-Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” included elsewhere in this Annual Report.
Years Ended December 31,
2014 2013 2012 2011 2010
($ in millions, except per share amounts)
Statement of Comprehensive Income (Loss)
Data:
Revenues:
Advertising and other ................... $ 1,920.7 $ 1,669.8 $ 1,486.4 $ 1,398.9 $ 1,393.1
Subscription .......................... 606.5 650.1 705.3 803.2 1,023.6
Total revenues ............................ $ 2,527.2 $ 2,319.9 $ 2,191.7 $ 2,202.1 $ 2,416.7
Costs of revenues .......................... $ 1,920.5 $ 1,706.2 $ 1,587.2 $ 1,584.4 $ 1,420.6
Operating income (loss) (a) ................... $ 205.5 $ 190.3 $ 1,201.9 $ 45.8 $ (982.6)
Income (loss) from continuing operations ....... $ 122.8 $ 90.6 $ 1,047.7 $ 13.1 $ (790.7)
Net income (loss) attributable to AOL Inc. (b) .... $ 125.6 $ 92.4 $ 1,048.4 $ 13.1 $ (782.5)
Per share information attributable to AOL Inc.
common stockholders:
Basic income (loss) per common share from
continuing operations ..................... $ 1.59 $ 1.19 $ 11.51 $ 0.13 $ (7.42)
Discontinued operations ..................... ————0.08
Basic net income (loss) per common share ...... $ 1.59 $ 1.19 $ 11.51 $ 0.13 $ (7.34)
Shares used in computing basic income (loss) per
share (in millions) ....................... 78.9 77.6 91.1 104.2 106.6
Diluted income (loss) per common share from
continuing operations ..................... $ 1.51 $ 1.13 $ 11.21 $ 0.12 $ (7.42)
Discontinued operations ..................... ————0.08
Diluted net income (loss) per common share .... $ 1.51 $ 1.13 $ 11.21 $ 0.12 $ (7.34)
Shares used in computing diluted income (loss)
per share (in millions) .................... 83.0 82.0 93.5 106.0 106.6
Cash dividends paid per common share ........ $ — $ — $ 5.15 $ — $ —
(a) 2013 includes a non-cash goodwill impairment charge of $17.5 million related to Patch. 2012 includes the
sale of approximately 800 of our patents and their related patent applications (the “Sold Patents”) to
Microsoft, and the grant to Microsoft of a non-exclusive license to our retained patent portfolio. As a result
of this transaction, 2012 includes a gain of $946.5 million (net of transaction costs) on the disposition of the
Sold Patents and income of $96.0 million from licensing our retained patent portfolio to Microsoft during
the second quarter of 2012. Also included in 2012 is the release of a $16.4 million value added tax (“VAT”)
indemnification reserve that was established upon the sale of the legacy United Kingdom and German
access businesses in 2006 and 2007. 2010 includes a $1,414.4 million non-cash impairment charge to reduce
the carrying value of goodwill and a $106.0 million gain on the sale of our ICQ operations.
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