America Online 2014 Annual Report Download - page 81
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AOL INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions, except per share amounts)
Years Ended December 31,
2014 2013 2012
Revenues:
Advertising and other ..................................... $ 1,920.7 $ 1,669.8 $ 1,486.4
Subscription ............................................. 606.5 650.1 705.3
Total revenues ....................................... 2,527.2 2,319.9 2,191.7
Costs of revenues ............................................ 1,920.5 1,706.2 1,587.2
General and administrative ..................................... 318.4 322.0 413.2
Amortization of intangible assets ................................ 65.6 45.1 38.2
Restructuring costs ........................................... 22.0 41.3 10.1
Goodwill impairment charge .................................... — 17.5 —
Income from licensing of intellectual property ...................... — — (96.0)
(Gain) loss on disposal of assets, net ............................. (4.8) (2.5) (962.9)
Operating income .................................... 205.5 190.3 1,201.9
Interest and other income (expense), net ........................... (9.5) (6.6) 8.2
Income before income taxes ............................ 196.0 183.7 1,210.1
Income tax provision .......................................... 73.2 93.1 162.4
Net income ......................................... $ 122.8 $ 90.6 $ 1,047.7
Net (income) loss attributable to noncontrolling interests ............. 2.8 1.8 0.7
Net income attributable to AOL Inc. ...................... $ 125.6 $ 92.4 $ 1,048.4
Per share information attributable to AOL Inc. common stockholders:
Basic net income per common share .............................. $ 1.59 $ 1.19 $ 11.51
Diluted net income per common share ............................ $ 1.51 $ 1.13 $ 11.21
Shares used in computing basic income per common share ............ 78.9 77.6 91.1
Shares used in computing diluted income per common share .......... 83.0 82.0 93.5
Cash dividends paid per common share ........................... $ — $ — $ 5.15
Comprehensive income attributable to AOL Inc.:
Foreign currency translation adjustments .......................... $ (17.0) $ 0.4 $ (7.9)
Unrealized gains on equity method investments ..................... 2.0 0.6 0.4
Other comprehensive income (loss), net of tax .............. $ (15.0) $ 1.0 $ (7.5)
Comprehensive income ........................................ 107.8 91.6 1,040.2
Comprehensive (income) loss attributable to noncontrolling interests .... 4.1 4.5 1.6
Comprehensive income attributable to AOL Inc. ............ $ 111.9 $ 96.1 $ 1,041.8
See accompanying notes.
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