ACXIOM CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
(Dollars in thousands, except per share amounts)
For the For the For the For the For the
First Quarter Second Quarter Third Quarter Fourth Quarter Year
ended ended ended ended ended
June 30, September 30, December 31, March 31, March 31,
2003 2003 2003 2004 2004
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Revenue:
Services $ 192,514 $ 190,098 $ 196,407 $ 199,135 $ 778,154
Data 44,168 50,998 58,800 78,702 232,668
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Total revenue 236,682 241,096 255,207 277,837 1,010,822
Operating costs and expenses:
Cost of revenue
Services 158,755 154,429 157,058 165,194 635,436
Data 34,637 36,556 36,714 54,764 162,671
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Total cost of revenue 193,392 190,985 193,772 219,958 798,107
Selling, general and administrative 33,064 27,395 27,100 31,017 118,576
Gains, losses and nonrecurring items, net (1,008) - (3,000) 4,863 855
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Total operating costs and expenses 225,448 218,380 217,872 255,838 917,538
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Income (loss) from operations 11,234 22,716 37,335 21,999 93,284
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Other income (expense):
Interest expense (4,765) (4,889) (4,702) (4,911) (19,267)
Other, net 765 121 (456) (7,154) (6,724)
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Total other income (expense) (4,000) (4,768) (5,158) (12,065) (25,991)
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Earnings (loss) before income taxes 7,234 17,948 32,177 9,934 67,293
Income taxes (4,029) 6,731 12,233 (5,986) 8,949
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Net earnings (loss) $ 11,263 $ 11,217 $ 19,944 $ 15,920 $ 58,344
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Earnings (loss) per share:
Basic $ 0.13 $ 0.13 $ 0.23 $ 0.19 $ 0.68
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Diluted $ 0.13 $ 0.13 $ 0.22 $ 0.17 $ 0.64
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