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The following is an excerpt from a S-1 SEC Filing, filed by RACKSPACE INC on 4/25/2008. |
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RACKSPACE HOSTING, INC. - S-1 - 20080425 - INCOME_STATEMENT
RACKSPACE, INC. AND SUBSIDIARIES—
CONSOLIDATED STATEMENTS OF INCOME
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Years Ended December 31,
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2005
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2006
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2007
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(In thousands, except per share data)
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Net revenues
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$
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138,768
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$
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223,966
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$
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362,017
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Costs and expenses:
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Cost of revenues
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40,987
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64,889
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118,225
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Sales and marketing
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21,837
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35,667
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53,930
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General and administrative
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38,968
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59,832
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102,777
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Depreciation and amortization
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20,193
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32,335
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56,476
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Total costs and expenses
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121,985
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192,723
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331,408
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Income from operations
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16,783
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31,243
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30,609
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Other income (expense):
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Interest expense
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(808
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(1,095
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(3,643
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Interest and other income
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633
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572
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828
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Total other income (expense)
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(175
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(523
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(2,815
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Income before income taxes
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16,608
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30,720
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27,794
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Income taxes
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5,836
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10,900
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9,965
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Net Income
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$
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10,772
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$
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19,820
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$
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17,829
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Net income per share
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Basic
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$
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0.12
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$
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0.20
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$
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0.18
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Diluted
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$
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0.11
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$
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0.19
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$
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0.17
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Weighted average number of shares outstanding
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Basic
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91,793
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100,310
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101,278
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Diluted
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99,657
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104,032
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106,618
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Pro forma net income per share
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Basic (unaudited)
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$
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0.18
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Diluted (unaudited)
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$
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0.17
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Pro forma weighted average number of shares outstanding
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Basic (unaudited)
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101,278
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Diluted (unaudited)
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106,618
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