| Income Statement for Ballard Power Systems Inc. (BLDP) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 65,532 | 49,823 | 53,733 | 81,373 | 119,566 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (22,704) | (14,466) | (28,152) | (54,375) | (68,050) | | Gross Operating Profit | 42,828 | 35,357 | 25,581 | 26,998 | 51,516 | | | Selling/General/Admin Expense | (28,049) | (20,488) | (25,555) | (25,699) | (27,165) | | Research & Development | (58,478) | (52,274) | (75,492) | (91,737) | (103,863) | | EBITDA | (43,699) | (37,405) | (75,466) | (90,438) | (79,512) | | Depreciation & Amortization | (18,080) | (23,131) | (29,234) | (45,313) | (54,421) | | EBIT | (61,779) | (60,536) | (104,700) | (135,751) | (133,933) | | Interest Income | - | - | - | - | 28,571 | | Other Income, Net | 12,350 | 9,154 | 21,660 | (14,008) | - | | Total Income Avail For Interest Expense | (56,862) | (58,411) | (86,778) | (174,985) | (128,921) | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | (56,862) | (58,411) | (86,778) | (174,985) | (128,921) | | Income Taxes | 53 | 1,417 | (205) | (422) | (749) | | Minority Interest | - | - | - | - | 4,578 | | Net Income from Continuing Operations | (56,809) | (56,994) | (86,983) | (175,407) | (125,092) | | Net Income from Discontinued Operations | (493) | (124,143) | - | - | - | | Net Income from Total Operations | (57,302) | (181,137) | (86,983) | (175,407) | (125,092) | | | Normalized Income | (56,809) | (56,994) | (86,983) | (152,356) | (103,600) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (23,051) | (21,492) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (57,302) | (181,137) | (86,983) | (175,407) | (125,092) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.50 | -0.50 | -0.73 | -1.48 | -1.07 | | Basic EPS from Discontinued Operations | 0.00 | -1.10 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.50 | -1.60 | -0.73 | -1.48 | -1.07 | | | Diluted EPS from Continuing Operations | -0.50 | -0.50 | -0.73 | -1.48 | -1.07 | | Diluted EPS from Discontinued Operations | 0.00 | -1.10 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.50 | -1.60 | -0.73 | -1.48 | -1.07 | | | |
