Windstream 2014 Annual Report Download - page 157
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F-41
WINDSTREAM CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
For the years ended December 31,
(Millions) 2014 2013 2012
Revenues and sales:
Service revenues:
Enterprise and small business $ 2,994.7 $ 3,000.4 $ 2,963.3
Consumer 1,267.0 1,291.9 1,335.2
Carrier 734.2 779.1 775.1
Wholesale 432.5 482.9 586.2
Other 219.2 221.2 248.5
Total service revenues 5,647.6 5,775.5 5,908.3
Product sales 181.9 212.6 231.2
Total revenues and sales 5,829.5 5,988.1 6,139.5
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included below) 2,719.3 2,492.1 2,692.2
Cost of products sold 156.6 183.9 206.6
Selling, general, and administrative 981.5 922.9 967.3
Depreciation and amortization 1,386.4 1,340.9 1,296.9
Merger and integration costs 40.4 30.2 65.4
Restructuring charges 35.9 8.6 27.2
Total costs and expenses 5,320.1 4,978.6 5,255.6
Operating income 509.4 1,009.5 883.9
Other income (expense), net 0.1 (12.5)4.6
(Loss) gain on early extinguishment of debt —(28.5)1.9
Interest expense (571.8)(627.7)(625.1)
(Loss) income from continuing operations before income taxes (62.3) 340.8 265.3
Income tax (benefit) expense (24.2) 105.5 98.2
(Loss) income from continuing operations (38.1) 235.3 167.1
Discontinued operations — 6.0 0.9
Net (loss) income $ (38.1) $ 241.3 $ 168.0
The accompanying notes are an integral part of these consolidated financial statements.