Windstream 2010 Annual Report Download - page 134
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CONSOLIDATED STATEMENTS OF INCOME
For the years ended December 31,
(Millions, except per share amounts) 2010 2009 2008
Revenues and sales:
Service revenues $ 3,622.9 $ 2,872.8 $ 2,988.9
Product sales 89.1 123.8 182.6
Total revenues and sales 3,712.0 2,996.6 3,171.5
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included
below) 1,329.8 1,014.5 1,010.7
Cost of products sold 74.9 107.5 169.8
Selling, general, administrative and other 498.4 348.3 351.2
Depreciation and amortization 693.6 537.8 492.7
Restructuring charges 7.7 9.3 8.5
Merger and integration costs 77.3 22.3 6.2
Total costs and expenses 2,681.7 2,039.7 2,039.1
Operating income 1,030.3 956.9 1,132.4
Other income (expense), net (3.5) (1.1) 2.1
Interest expense (521.7) (410.2) (416.4)
Income from continuing operations before income taxes 505.1 545.6 718.1
Income taxes 194.4 211.1 283.2
Income from continuing operations 310.7 334.5 434.9
Discontinued operations, including tax expense of $10.6 - - (22.2)
Net income $ 310.7 $ 334.5 $ 412.7
Basic and diluted earnings per share:
Income from continuing operations $.66 $.76 $.98
Loss from discontinued operations - - (.05)
Net income $.66 $.76 $.93
The accompanying notes are an integral part of these consolidated financial statements.
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