EX-99.1 4 g03984exv99w1.htm EX-99.1 SELECTED FINANCIAL DATA EX-99.1 Selected Financial Data
 

Exhibit 99.1
Item 6. Selected Financial Data
     The following tables set forth our selected consolidated financial data of our continuing operations for the periods indicated and are qualified by reference to, and should be read in conjunction with our Consolidated Financial Statements and the Notes thereto, which are included elsewhere in this annual report, especially Note 4 as it relates to our business combinations, significant asset acquisitions and dispositions, and Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operation”. The financial data as of December 31, 2005, 2004, 2003, 2002 and 2001 and for each of the years then ended have been derived from our audited Consolidated Financial Statements. The selected consolidated financial data as of December 31, 2005, 2004, 2003, 2002 and 2001 and for each of the years then ended have been prepared in accordance with accounting principles generally accepted in the United States. We have classified our Arizona operations, which were acquired from July 2003 onwards, as discontinued operations for all relevant periods presented herein. On June 30, 2006, we effected a reverse one for three split of our common stock, whereby each holder of three outstanding shares of common stock is entitled to one share of common stock. A more detailed discussion of this reverse split is contained in Note 1 to our Consolidated Financial Statements.
                                         
    For Each of the Years Ended December 31,
    2005   2004   2003   2002   2001
    (In thousands)
Statement of Operations and Cash Flow Data:
                                       
Revenue
  $ 356,056     $ 287,105     $ 124,985     $ 98,846     $ 93,241  
Income (loss) from operations
    10,892       8,140       (4,888 )     9,567       (8,671 )
Income (loss) from continuing operations
    (50,424 )     (47,761 )     (22,740 )     2,127       (19,668 )
Income (loss) from discontinued operations
    134       (618 )     (158 )            
Income (loss) before cumulative effect of change in accounting principle
    (50,290 )     (48,379 )     (22,898 )     2,127       (19,668 )
Cumulative effect of change in accounting principle
          225       518              
Net income (loss)
    (50,290 )     (48,154 )     (22,380 )     2,127       (19,668 )
Net loss attributable to common shareholders
    (50,290 )     (48,154 )     (76,952 )     (12,590 )     (19,668 )
Loss per share, basic and diluted — continuing operations
    (1.53 )     (1.62 )     (5.97 )     (1.17 )     (4.81 )
Loss per share, basic and diluted — discontinued operations
          (0.02 )     (0.02 )            
Basic and diluted loss per share before cumulative effect of change in accounting principle
    (1.53 )     (1.64 )     (5.99 )     (1.17 )     (4.81 )
Cumulative affect of change in accounting principle
          0.01       0.04              
Loss per share — basic and diluted
    (1.53 )     (1.63 )     (5.95 )     (1.17 )     (4.81 )
Weighted average common shares outstanding — basic and diluted
    32,880       29,410       12,927       10,804       4,086  
Cash flows from operating activities of continuing operations
    21,822       26,741       10,024       13,654       6,685  
Capital expenditures from continuing operations
    28,893       37,823       22,106       12,157       3,778  
                                         
    As of December 31,
    2005   2004   2003   2002   2001
    (In thousands)
Balance Sheet Data:
                                       
Cash and cash equivalents
  $ 8,886     $ 8,476     $ 21,048     $ 1,775     $ 2,469  
Property, equipment and landfill sites, net
    275,983       277,767       178,148       58,994       36,708  
Goodwill and other intangible assets, net
    307,869       305,994       160,296       66,596       55,089  
Total assets
    728,389       720,583       470,998       149,022       110,652  
Total debt and capital lease obligations (exclusive of cumulative mandatorily redeemable Preferred Stock)
    286,669       278,363       177,449       53,645       53,005  
Cumulative mandatorily redeemable Preferred Stock
    84,971       64,971       48,205              
Total shareholders’ equity
    264,491       298,776       201,117       77,817       45,913  

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