Windstream 2013 Annual Report Download - page 176
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F-40
WINDSTREAM CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
For the years ended December 31,
(Millions, except per share amounts) 2013 2012 2011
Revenues and sales:
Service revenues:
Business $ 3,663.4 $ 3,611.4 $ 2,098.0
Consumer 1,296.4 1,339.5 1,378.3
Wholesale 593.5 708.0 547.3
Other 222.2 249.4 129.4
Total service revenues 5,775.5 5,908.3 4,153.0
Product sales 212.6 231.2 126.6
Total revenues and sales 5,988.1 6,139.5 4,279.6
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included below) 2,492.1 2,692.2 1,691.1
Cost of products sold 183.9 206.6 105.1
Selling, general, and administrative 922.9 967.3 601.9
Depreciation and amortization 1,340.9 1,296.9 847.5
Merger and integration costs 29.2 65.4 69.8
Restructuring charges 9.6 27.2 1.3
Total costs and expenses 4,978.6 5,255.6 3,316.7
Operating income 1,009.5 883.9 962.9
Other (expense) income, net (12.5) 4.6 (0.1)
(Loss) gain on early extinguishment of debt (28.5) 1.9 (136.1)
Interest expense (627.7)(625.1)(558.3)
Income from continuing operations before income taxes 340.8 265.3 268.4
Income taxes 105.5 98.2 99.4
Income from continuing operations 235.3 167.1 169.0
Discontinued operations 6.0 0.9 0.5
Net income $ 241.3 $ 168.0 $ 169.5
The accompanying notes are an integral part of these consolidated financial statements.