EX-99.3 4 dex993.htm 2006 ANNUAL REPORT, ITEM 6. SELECTED FINANCIAL DATA 2006 Annual Report, Item 6. Selected Financial Data

EXHIBIT 99.3

 

ITEM 6. SELECTED FINANCIAL DATA

 

     Years Ended December 31,  
     2006     2005     2004     2003     2002  
     (in thousands)  

Statement of Operations Data:

          

Revenue

   $ 976,037     $ 826,716     $ 734,059     $ 643,006     $ 604,180  

Cost of services

     719,214       620,769       549,030       468,008       468,333  
                                        

Gross profit

     256,823       205,947       185,029       174,998       135,847  

General and administrative expenses

     153,592       105,997       94,869       79,574       68,711  

Amortization of intangibles

     5,311       2,544       1,908       2,273       2,158  

Loss on impairment of goodwill and long-lived assets

     —         —         1,150       —         —    

Gain on sale of assets

     —         —         —         —         —    

Unusual charges (gains)

     —         —         —         —         206  
                                        

Operating income

     97,920       97,406       87,102       93,151       64,772  

Interest expense, net

     47,390       40,654       41,787       39,497       43,917  

(Gain) loss on change in fair value of economic hedges (1)

     (60 )     (87 )     —         (9,869 )     7,589  

Loss on early retirement of debt

     —         6,029       14,105       7,837       7,894  

Other, net

     4,039       3,149       2,938       2,728       926  
                                        

Income (loss) before taxes

     46,551       47,661       28,272       52,958       4,446  

Provision for income taxes

     17,557       (767 )     12,209       7,283       9,677  
                                        

Income (loss) from continuing operations

     28,994       48,428       16,063       45,675       (5,231 )

(Income) loss from discontinued operations, net of income taxes (2)

     (3,743 )     (5,373 )     26,038       2,386       4,377  
                                        

Net income (loss)

   $ 32,737     $ 53,801     $ (9,975 )   $ 43,289     $ (9,608 )
                                        

Balance Sheet Data:

          

Working capital

   $ 153,846     $ 101,062     $ 112,395     $ 117,427     $ 102,459  

Total assets

     1,133,721       1,103,365       853,340       887,531       861,113  

Total debt

     800,950       860,830       734,204       659,234       479,826  

Total stockholder’s equity (deficit)

   $ 51,231     $ 6,162     $ (62,866 )   $ 44,010     $ 170,716  

(1)

See “Note 2. Summary of Significant Accounting Policies” to the Company’s consolidated financial statements.

(2)

See “Note 11. Discontinued Operations” to the Company’s consolidated financial statements.

 

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