| Income Statement for California Coastal Communities Inc (CALC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 47,000 | 95,700 | 129,500 | 76,000 | 55,800 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (73,000) | (82,000) | (81,400) | (57,600) | (45,500) | | Gross Operating Profit | (26,000) | 13,700 | 48,100 | 18,400 | 10,300 | | | Selling/General/Admin Expense | (5,900) | (5,000) | (5,300) | (5,800) | (4,400) | | Research & Development | - | - | - | - | - | | EBITDA | (31,900) | 8,700 | 42,800 | 12,600 | 5,900 | | Depreciation & Amortization | (100) | (100) | (100) | - | - | | EBIT | (32,000) | 8,600 | 42,700 | 12,600 | 5,900 | | Interest Income | - | - | - | - | - | | Other Income, Net | (400) | 800 | (1,300) | (700) | (600) | | Total Income Avail For Interest Expense | (31,800) | 9,600 | 41,400 | 11,900 | 5,300 | | Interest Expense | (100) | (100) | (100) | (200) | (200) | | Pre-Tax Income | (31,900) | 9,500 | 41,300 | 11,700 | 5,100 | | Income Taxes | 13,000 | (3,900) | (12,500) | (4,500) | (2,200) | | Minority Interest | - | - | (400) | (2,400) | - | | Net Income from Continuing Operations | (18,900) | 5,600 | 28,400 | 4,800 | 2,900 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (18,900) | 5,600 | 28,400 | 4,800 | 2,900 | | | Normalized Income | (18,900) | 5,600 | 28,400 | 4,800 | 2,900 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (18,900) | 5,600 | 28,400 | 4,800 | 2,900 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 12.50 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -1.73 | 0.54 | 2.78 | 0.48 | 0.29 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.73 | 0.54 | 2.78 | 0.48 | 0.29 | | | Diluted EPS from Continuing Operations | -1.73 | 0.53 | 2.70 | 0.44 | 0.27 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.73 | 0.53 | 2.70 | 0.44 | 0.27 | | | |