Computeruser.com
Latest News

LodgeNet Reports Results for Second Quarter 2011

SIOUX FALLS, S.D. July 27, 2011 $106.6 million $113.1 million $8.2 million $6.1 million $(0.17) $(0.18) $26.4 million $25 million to $28 million

http://photos.prnewswire.com/prnh/20080115/AQTU120LOGO

The following financial highlights are in thousands, except per share data:

Three Months Ended June 30,

2011

2010

Total revenue

$        106,635

$                        113,071

Income from operations

8,178

6,061

Net loss

(2,924)

(3,145)

Net loss attributable to common stockholders

(4,361)

(4,582)

Net loss per common share (basic and diluted)

$            (0.17)

$                             (0.18)

Adjusted Operating Cash Flow

$         26,419

$                          27,873

Average shares outstanding (basic and diluted)

25,064

24,997

Scott C. Petersen Hollywood

Key Highlights:

Successful Expansion of Envision: Austin, TX

Guests Embracing VOD 2.0: Hollywood $4.99 Hollywood

LodgeNet Healthcare Positioned for Future Growth: $3.2 million Los Angeles, California

Frank P. Elsenbast

$140

RESULTS FROM OPERATIONS

JUNE 30, 2011

JUNE 30, 2010

$106.6 million $6.4 million $34.2 million $3.2 million $1.8 million

$2.8 million $60.1 million $62.9 million

$2.3 million $20.6 million $22.9 million $17.8 million $20.9 million

$8.2 million $6.1 million $26.4 million $27.9 million

$368.0 million $404.9 million June 30, 2011 $14.5 million $8.8 million June 30, 2010 $2.3 million $11.0 million $8.7 million $4.5 million

$(4.4) million $(4.6) million $(0.17) $(0.18)

$8.4 million $27.0 million $13.5 million $3.8 million $6.0 million $4.4 million $140

Outlook  

$105.0 million to $109.0 $24.0 million to $27.0 million $(0.08) to $ 0.02

July 27th, 2011 5:00 P.M. Eastern Time www.lodgenet.com

Special Note Regarding the Use of Non-GAAP Financial Information

the United States

About LodgeNet Interactive

the United States www.lodgenet.com

Special Note Regarding Forward-Looking Statement  

 

LodgeNet is a registered trademark of LodgeNet Interactive Corporation. All rights reserved. Other names and brands may be claimed as the property of others.

(See attached financial and operational tables)

LodgeNet Interactive Corporation and Subsidiaries

Consolidated Balance Sheets

(Dollar amounts in thousands, except share data)

(Unaudited)

(Audited)

June 30,

December 31,

2011

2010

Assets

Current assets:

Cash

$          14,479

$            8,381

Accounts receivable, net

45,687

49,332

Other current assets

12,038

12,728

Total current assets

72,204

70,441

Property and equipment, net

133,814

156,917

Debt issuance costs, net

5,146

3,681

Intangible assets, net

95,240

99,005

Goodwill

100,081

100,081

Other assets

12,742

13,881

Total assets

$        419,227

$        444,006

Liabilities and Stockholders’ Deficiency

Current liabilities:

Accounts payable

$          56,228

$          60,303

Current maturities of long-term debt

10,522

4,807

Accrued expenses

19,593

22,327

Fair value of derivative instruments

10,353

Deferred revenue

17,910

23,168

Total current liabilities

104,253

120,958

Long-term debt

357,512

368,832

Other long-term liabilities

8,335

8,565

Total liabilities

470,100

498,355

Commitments and contingencies

Stockholders’ deficiency:

Preferred stock, $.01 par value, 5,000,000 shares authorized;

Series B cumulative perpetual convertible, 10%, 57,500 issued and

outstanding at June 30, 2011 and December 31, 2010, respectively

(liquidation preference of $1,000 per share or $57,500,000 total)

1

1

Common stock, $.01 par value, 50,000,000 shares authorized;

25,209,580 and 25,088,539 shares outstanding at June 30, 2011

and December 31, 2010, respectively

252

251

Additional paid-in capital

386,961

388,961

Accumulated deficit

(441,728)

(437,896)

Accumulated other comprehensive income (loss)

3,641

(5,666)

Total stockholders’ deficiency

(50,873)

(54,349)

Total liabilities and stockholders’ deficiency

$        419,227

$        444,006

The accompanying notes are an integral pa rt of these consolidated financial statements.

LodgeNet Interactive Corporation and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(Dollar amounts in thousands, except share data)

Three Months Ended

June 30,

Six Months Ended

June 30,

2011

2010

2011

2010

Revenues:

Hospitality and Advertising Services

$      103,389

$      111,658

$     209,223

$     227,157

Healthcare

3,246

1,413

5,140

3,966

Total revenues

106,635

113,071

214,363

231,123

Direct costs and operating expenses:

Direct costs (exclusive of operating expenses and

depreciation and amortization shown separately below):

Hospitality and Advertising Services

58,580

62,181

117,939

127,442

Healthcare

1,527

724

2,450

2,070

Operating expenses:

System operations

9,733

10,627

19,801

21,142

Selling, general and administrative

10,839

12,314

20,528

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test