EX-99.1 3 a09-22185_1ex99d1.htm EX-99.1

EXHIBIT 99.1

 

Part II

 

Item 6.  Selected Financial Data

 

The selected consolidated financial data has been restated as a result of the discontinued businesses. The following selected consolidated financial data should be read in conjunction with our consolidated financial statements and related notes thereto and with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” which are incorporated in Item 7 or included elsewhere in this Report on Form 10-K. Our historical results are not necessarily indicative of operating results to be expected in the future.

 

 

 

Year Ended December 31,

 

 

 

2004

 

2005

 

2006

 

2007

 

2008

 

 

 

(All amounts except per share data in millions)

 

Consolidated Statements of Operations Financial Data:

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

93.7

 

$

130.7

 

$

138.2

 

$

180.7

 

$

286.2

 

Gross profit

 

22.7

 

29.8

 

26.2

 

29.7

 

58.2

 

Operating income (loss)

 

(16.9

)

(0.9

)

(25.9

)

(23.6

)

(93.2

)

Provision (benefit) for income taxes

 

(8.5

)

(1.8

)

14.5

 

1.3

 

(0.7

)

Income (loss) from continuing operations

 

(11.2

)

1.2

 

(41.2

)

(27.2

)

(104.0

)

Income (loss) from discontinued operations

 

26.2

 

0.4

 

(16.7

)

(13.6

)

(7.1

)

Net income (loss)

 

$

15.0

 

$

1.6

 

$

(57.9

)

$

(40.8

)

$

(111.1

)

Income (loss) from continuing operations per common share

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.17

)

$

(0.02

)

$

(0.56

)

$

(0.37

)

$

(1.12

)

Diluted

 

$

(0.17

)

$

(0.02

)

$

(0.56

)

$

(0.37

)

$

(1.12

)

Income (loss) from discontinued operations per common share

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.39

 

$

0.00

 

$

(0.23

)

$

(0.18

)

$

(0.08

)

Diluted

 

$

0.39

 

$

0.00

 

$

(0.23

)

$

(0.18

)

$

(0.08

)

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.22

 

$

0.02

 

$

(0.79

)

$

(0.55

)

$

(1.20

)

Diluted

 

$

0.22

 

$

0.02

 

$

(0.79

)

$

(0.55

)

$

(1.20

)

Weighted average shares:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

67.7

 

74.0

 

73.5

 

74.0

 

92.6

 

Diluted

 

67.7

 

74.0

 

73.5

 

74.0

 

92.6

 

 

 

 

As of December 31,

 

 

 

2004

 

2005

 

2006

 

2007

 

2008

 

 

 

(All amounts in millions)

 

Consolidated Balance Sheet Data:

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

49.5

 

$

7.4

 

$

5.6

 

$

8.9

 

$

3.7

 

Short-term investments

 

7.6

 

—

 

—

 

—

 

—

 

Working capital

 

98.6

 

67.4

 

(3.8

)

23.4

 

35.0

 

Total assets

 

330.7

 

342.0

 

337.7

 

335.3

 

312.4

 

Short-term debt

 

1.9

 

0.7

 

51.4

 

2.7

 

6.1

 

Long-term debt

 

—

 

—

 

—

 

74.0

 

76.9

 

Total stockholders’ equity

 

$

219.6

 

$

229.7

 

$

187.1

 

$

167.2

 

$

146.9