Loss from operations. As a result of the foregoing, Tudou's loss from operations increased by 100.5% to RMB377.5 million (US$60.0 million) in 2011 from RMB188.3 million in 2010. Finance Income (Expense). Tudou recorded finance income from short-term deposits of approximately RMB0.3 million and RMB0.4 million (US$68 thousand) in 2010 and 2011, respectively.
Loss from operations. As a result of the foregoing, Tudou's loss from operations increased by 24.3% to RMB188.3 million in 2010 from RMB151.4 million in 2009. Finance Income (Expense). Tudou recorded finance income from short-term deposits of approximately RMB3.1 million and RMB0.3 million in 2009 and 2010, respectively. The decrease was primarily due to a decrease in short-term deposits and lower interest rates. Tudou incurred finance expenses of zero and approximately RMB12.9 million in 2009 and 2010, respectively. The RMB12.9 million finance expense primarily resulted from RMB10.2 million in interest expenses on Tudou's convertible loan in an aggregate principal amount of US$15.0 million that Tudou issued to a group of investors in April 2010 and interest expenses related to short-term loans extended to Tudou by certain commercial banks in China. As of December 31, 2010, Tudou had a total short term loan balance of RMB61.2 million.
Loss from operations. For each Partnership Accounting Year from the Agreement Date until the termination of the Partnership, Loss from Partnership operations shall be allocated among the Partners in the following order of priority:
Loss from operations. 8,595 ----------- 67,033 ----------- (26,735) 5,908 ---------- 44,469 ---------- (20,643) 5,851 ---------- 32,753 ---------- (17,415) Equity losses in unconsolidated subsidiary............ 126 -- -- Other income, net..................................... Loss before provision for income taxes.............. 3,342 ----------- (23,267) 1,280 ---------- (19,363) 620 ---------- (16,795) Provision for income taxes............................ Net loss............................................ 53 ----------- $ (23,320) 35 ---------- $ (19,398) 15 ---------- $ (16,810) =========== ========== ========== Basic and diluted net loss per share.................. $ (1.48) $ (2.30) $ (2.03) =========== ========== ========== Shares used in computing basic and diluted net loss per share........................................... 15,766,406 8,423,038 8,291,142 =========== ========== ========== The accompanying notes are an integral part of these consolidated statements. 47 XXXXXXXXX.XXX INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA) CONVERTIBLE PREFERRED STOCK COMMON STOCK ------------------- ------------------- ADDITIONAL CUMULATIVE NUMBER NUMBER PAID-IN DEFERRED TRANSLATION OF SHARES AMOUNT OF SHARES AMOUNT WARRANTS CAPITAL COMPENSATION ADJUSTMENT ---------- ------ ---------- ------ -------- ---------- ------------ ----------- Balance, December 31, 1996......... 1,500,000 $ 2 8,284,815 $ 8 $ -- $ 15,077 $ (26) $ -- Issuance of Series B convertible preferred stock at $9.35 per share.......................... 967,915 1 -- -- -- 9,028 -- -- Issuance of Series C convertible preferred stock at $8.80 per share.......................... 1,477,274 1 -- -- -- 12,987 -- -- Issuance of common stock upon exercise of stock options...... -- -- 39,628 -- -- 31 -- -- Amortization of deferred compensation................... -- -- -- -- -- -- 25 -- Net loss......................... -- -- -- -- -- -- -- -- ---------- ----- ---------- ----- ------ -------- ----- -------- Balance, December 31, 1997......... 3,945,189 4 8,324,443 8 -- 37,123 (1) -- Issuance of Series C convertible Preferred stock at $8.80 per share.......................... 3,370,455 3 -- -- -- 29,443 -- -- Issuance of Series C convertible preferred stock at $8.80 per share in exchange for advertising.................... 121,009 -- -- -- -- 1,065 -- -- Issuance of warrants in exchange for start-up costs for a Pan-European entity............ -- -- -- -- 792 -- -- -- I...
Loss from operations. 81,842 -------- (40,484) -------- 43,785 -------- (21,990) -------- 29,973 -------- (13,724) -------- 18,380 -------- (11,490) -------- 12,273 -------- (8,828)
Loss from operations. Other income (expense): 56,404 ---------- (55,902) ---------- 37,470 ---------- (37,470) ---------- 40,831 ---------- (27,631) ---------- 37,375 ---------- (25,544) ---------- 23,711 --------- (14,590) --------- Investment income...... 4,518 1,692 3,094 2,895 1,174
Loss from operations. 6,982 -------- 21,610 -------- (14,872) 1,090 ------- 5,437 ------- (5,956) 20,347 -------- 55,904 -------- (47,579) 2,171 -------- 13,537 -------- (14,628) Interest expense...................................... -- (64) (209) (147) Interest income....................................... 2,495 -------- 135 ------- 4,022 -------- 430 -------- Net loss $(12,377) $(5,885) $(43,766) $(14,345) ======== ======= ======== ======== NET LOSS PER SHARE (NOTE 1(g)): Basic and diluted................................... $ (0.09) $ (0.38) $ (0.57) $ (1.13) Pro forma basic and diluted......................... ======== $ (0.09) ======== ======= $ (0.06) ======= ======== $ (0.34) ======== ======== $ (0.16) ======== SHARES USED IN COMPUTING NET LOSS PER SHARE (NOTE 1(g)): Basic and diluted................................... 144,836 15,631 77,448 12,729 Pro forma basic and diluted......................... ======== 144,836 ======== ======= 96,330 ======= ======== 130,291 ======== ======== 91,351 ======== ------------------------
Loss from operations. 107,700 --------- (84,212) --------- 3,585 --------- (3,374) ---------- (32,787) ---------- 32,787 --------- 78,498 --------- (54,799)
Loss from operations. Other income (expense): -- --------- -- --------- -- --------- -- --------- 4,514,350 ----------- (1,119,298) ----------- -- ---------- -- ---------- 4,514,350 ----------- (1,119,298) ----------- Interest income (expense), net....................... (95,805) (66,097) (6,391) -- (168,293) Equity in subsidiaries, net of taxes.................. (887,895) (846,584) -- 1,734,479 -- Minority interest............ -- -- (4,697) -- (4,697) Other, net................... -- --------- (983,700) -- --------- (912,681) 8,691 ----------- (1,121,695) -- ---------- 1,734,479 8,691 ----------- (1,283,597)
Loss from operations. (55,902) (37,470) (27,631) (25,544) (14,590) Other income (expense): ---------- ---------- ---------- ---------- --------- Investment income...... 4,518 1,692 3,094 2,895 1,174 Interest expense....... (545) (502) (435) (377) (512) ---------- ---------- ---------- ---------- --------- Net loss................ (51,929) (36,280) (24,972) (23,026) (13,928) Preferred stock dividend............... (508) (5,201) -- -- -- Net loss applicable to ---------- ---------- ---------- ---------- --------- common shareholders.... $ (52,437) $ (41,481) $ (24,972) $ (23,026) $ (13,928) ========== ========== ========== ========== ========= Basic and diluted net loss per common share ========== ========== ========== ========== ========= 25,344,796 15,551,526 15,409,848 11,634,032 4,939,388 ========== ========== ========== ========== ========= (1).................... $ (2.07) $ (2.67) $ (1.62) $ (1.98) $ (2.82) Shares used in computation of basic and diluted net loss per common share....... December 31, --------------------------------------------------- 2000 1999 1998 1997 1996 --------- --------- --------- -------- -------- (in thousands) Consolidated Balance Sheets Data: receivable............... $ 156,433 $ 23,880 $ 46,435 $ 70,444 $ 30,987 Working capital........... 146,384 17,705 44,143 67,594 26,300 Total assets.............. 190,111 30,848 58,156 80,433 37,002 Long-term obligations, less current portion..... 1,060 2,653 3,888 2,039 2,005 development stage (210,279) (158,350) (122,070) (97,098) (74,083) equity................... 177,943 20,904 47,165 71,760 30,054 Cash, cash equivalents, securities available-for- sale and interest Deficit accumulated during Total shareholders' --------
