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CCO » Topics » Reconciliation of OIBDAN to Net income

This excerpt taken from the CCO 8-K filed Nov 10, 2008.

Reconciliation of OIBDAN to Net income

 

(In thousands)    Three Months Ended
September 30,		     %
Change		  
     2008     2007        

OIBDAN

    $ 194,585     $ 237,901     (18 )%

Non-cash compensation expense

      3,246       2,382    

Depreciation & amortization

      118,798       99,793    

Gain on disposition of assets – net

      4,034       414    
                  

Operating Income

      76,575       136,140     (44 )%

Interest expense

      44,222       40,178    

Equity in earnings (loss) of nonconsolidated affiliates

      (9,814 )     (836 )  

Other (expense) income – net

      2,090       2,815    
                  

Income before income taxes and minority interest

      24,629       97,941    

Income tax (expense) benefit:

       

Current

      (9,840 )     (31,663 )  

Deferred

      1,037       (5,784 )  
                  

Income tax (expense) benefit

      (8,803 )     (37,447 )  

Minority interest expense, net of tax

      6,711       5,778    
                  

Net income

    $ 9,115     $ 54,716    
                  
This excerpt taken from the CCO 8-K filed Feb 15, 2008.

Reconciliation of OIBDAN to Net income

(In thousands)  

Three Months Ended
December 31,

  %

Change

  Year Ended
December 31, 		  %

Change

2007   2006 2007   2006
 
OIBDAN $ 297,067 $ 264,071 12% $ 953,088 $ 836,442 14%
Non-cash compensation expense 3,186 1,478 10,171 6,099
Depreciation & amortization 105,867 108,460 399,483 407,730
Gain on disposition of assets – net 3,114 1,239 11,824 22,846
Operating Income 191,128 155,372 23% 555,258 445,459 25%
 
Interest expense 37,695 37,238 157,881 162,583
Equity in earnings of nonconsolidated affiliates 2,293 1,838 4,402 7,460
Other income (expense) – net 6,302 (1,336) 10,113 331
Income before income taxes, minority interest and cumulative effect of a change in accounting principle 162,028 118,636 411,892 290,667
Income tax (expense) benefit:
Current
Deferred        
Income tax (expense) benefit (47,654) (45,527) (146,641) (122,080)
Minority interest income (expense) (7,781) (8,050) (19,261) (15,515)
 
Net income $ 106,593 $ 65,059 $ 245,990 $ 153,072

EXCERPTS ON THIS PAGE:

8-K
Nov 10, 2008
8-K
Feb 15, 2008

RELATED TOPICS for CCO:

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