EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm


ITEM 6.
SELECTED FINANCIAL DATA

SELECTED CONSOLIDATED FINANCIAL DATA

Our selected consolidated financial data should be read together with our consolidated financial statements and related notes included in Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.

The following tables set forth the selected consolidated financial data for each of the years in the five-year period ended December 31, 2008.  The selected consolidated financial data is qualified in its entirety and should be read in conjunction with the Consolidated Financial Statements and related notes thereto set forth in Item 8 and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.  We have derived the consolidated statements of operations  data for the years ended December 31, 2008, 2007 and 2006 and the consolidated balance sheet data as of December 31, 2008 and December 31, 2007 from the consolidated audited financial statements included elsewhere in this Annual Report on Form 10-K.  The consolidated statement of operations data for the years ended December 31, 2005 and 2004 and the balance sheet data as of December 31, 2006, 2005 and 2004 were derived from the consolidated audited financial statements that are not included in this Annual Report on Form 10-K.
 
   
For the Years Ended December 31,
 
   
2008
   
2007
   
2006
   
2005
   
2004
 
   
(US$ 000’s, except per share data)
 
CONSOLIDATED STATEMENT OF OPERATIONS DATA:
                             
Net revenues
  $ 1,019,934     $ 838,856     $ 602,646     $ 400,978     $ 182,339  
Operating (loss) / income
    (127,797 )     210,456       142,971       52,196       18,671  
Net (loss) / income from continuing operations
    (263,694 )     110,205       35,794       42,835       15,938  
Net (loss) / income on discontinued operations
    (3,785 )     (4,480 )     (7,217 )     (513 )     2,524  
Net income / (loss) attributable to CME Ltd.
  $ (269,546 )   $ 88,618     $ 21,626     $ 42,322     $ 18,462  
                                         
PER SHARE DATA:
                                       
Net (loss) / income per common share from:
                                       
Continuing operations – basic
  $ (6.28 )   $ 2.25     $ 0.72     $ 1.24     $ 0.57  
Continuing operations – diluted
    (6.28 )     2.23       0.71       1.21       0.55  
Discontinued operations – basic
    (0.09 )     (0.11 )     (0.18 )     (0.01 )     0.09  
Discontinued operations – diluted
    (0.09 )     (0.11 )     (0.18 )     (0.01 )     0.09  
Net (loss) / income  – basic
    (6.37 )     2.14       0.54       1.22       0.66  
Net (loss) / income – diluted
  $ (6.37 )   $ 2.12     $ 0.53     $ 1.19     $ 0.63  
Weighted average common shares used in computing per share amounts (000’s)
                                       
Basic
    42,328       41,384       40,027       34,664       27,871  
Diluted
    42,328       41,833       40,600       35,430       29,100  
                                         
CONSOLIDATED BALANCE SHEET DATA:
                                       
Cash
  $ 107,433     $ 142,812     $ 145,902     $ 71,658     $ 152,568  
Other current assets
    387,323       392,280       271,763       215,268       112,481  
Non-current assets
    1,911,860       1,803,343       1,401,335       1,101,924       179,590  
Total assets
  $ 2,406,616     $ 2,338,435     $ 1,819,000     $ 1,388,850     $ 444,639  
Current liabilities
    228,673       234,470       184,461       206,961       109,745  
Non-current liabilities
    1,079,498       681,003       572,584       488,099       18,965  
CME Ltd. Shareholders’ equity
    1,095,258       1,399,807       1,035,766       680,553       311,068  
Noncontrolling interests
    3,187       23,155       26,189       13,237       4,861  
Total liabilities and shareholders’ equity
  $ 2,406,616     $ 2,338,435     $ 1,819,000     $ 1,388,850     $ 444,639  

 
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Seasonality
 
We, like other television operators, experience seasonality, with advertising sales tending to be lowest during the third quarter of each calendar year, which includes the summer holiday period (typically July and August), and highest during the fourth quarter of each calendar year.

 
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