Windstream 2015 Annual Report Download - page 169
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F-39
WINDSTREAM HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the years ended December 31,
(Millions, except per share amounts) 2015 2014 2013
Revenues and sales:
Service revenues $ 5,598.6 $ 5,647.6 $ 5,775.5
Product sales 166.7 181.9 212.6
Total revenues and sales 5,765.3 5,829.5 5,988.1
Costs and expenses:
Cost of services (exclusive of depreciation and amortization included below) 2,762.0 2,773.3 2,541.2
Cost of products sold 145.2 156.6 183.9
Selling, general and administrative 866.5 929.8 874.3
Depreciation and amortization 1,366.5 1,386.4 1,340.9
Merger and integration costs 95.0 40.4 30.2
Restructuring charges 20.7 35.9 8.6
Total costs and expenses 5,255.9 5,322.4 4,979.1
Operating income 509.4 507.1 1,009.0
Other income (expense), net 57.5 0.1 (12.5)
Gain on sale of data center business 326.1 — —
Loss on early extinguishment of debt (36.4) — (28.5)
Interest expense (813.2)(571.8)(627.7)
Income (loss) from continuing operations before income taxes 43.4 (64.6) 340.3
Income tax expense (benefit) 16.0 (25.1) 105.3
Income (loss) from continuing operations 27.4 (39.5) 235.0
Discontinued operations — — 6.0
Net income (loss) $ 27.4 $ (39.5) $ 241.0
Basic and diluted earnings (loss) per share:
From continuing operations $.24 ($.45) $2.35
From discontinued operations — — .06
Net income (loss) $.24 ($.45) $2.41
The accompanying notes are an integral part of these consolidated financial statements.