| Income Statement for Capella Education Company (CPLA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 226,236 | 179,881 | 149,240 | 117,689 | 81,785 | | Adjustments to Revenue | - | - | - | - | N/A | | Cost of Revenue | (90,013) | (75,798) | (64,927) | (53,396) | N/A | | Gross Operating Profit | 136,223 | 104,083 | 84,313 | 64,293 | 81,785 | | | Selling/General/Admin Expense | (96,157) | (78,411) | (63,124) | (48,974) | N/A | | Research & Development | - | - | - | - | N/A | | EBITDA | 40,066 | 25,672 | 21,189 | 15,319 | 81,785 | | Depreciation & Amortization | (10,116) | (7,829) | (6,316) | (5,454) | N/A | | EBIT | 29,950 | 17,843 | 14,873 | 9,865 | 81,785 | | Interest Income | - | - | - | - | N/A | | Other Income, Net | 4,903 | 4,472 | 2,306 | 724 | N/A | | Total Income Avail For Interest Expense | 34,853 | 22,315 | 17,179 | 10,589 | 81,785 | | Interest Expense | - | - | - | - | N/A | | Pre-Tax Income | 34,853 | 22,315 | 17,179 | 10,589 | 81,785 | | Income Taxes | (12,069) | (8,904) | (6,929) | 8,196 | N/A | | Minority Interest | - | - | - | - | N/A | | Net Income from Continuing Operations | 22,784 | 13,411 | 10,250 | 18,785 | 4,393 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 22,784 | 13,411 | 10,250 | 18,785 | 4,393 | | | Normalized Income | 22,784 | 13,411 | 10,250 | 18,785 | N/A | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | N/A | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 22,784 | 13,411 | 10,250 | 18,785 | 4,393 | | | 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 | - | - | - | - | N/A | | | Basic EPS from Continuing Operations | 1.39 | 1.09 | 0.89 | 1.68 | 0.41 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.39 | 1.09 | 0.89 | 1.68 | 0.41 | | | Diluted EPS from Continuing Operations | 1.33 | 1.06 | 0.86 | 1.62 | 0.39 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.33 | 1.06 | 0.86 | 1.62 | 0.39 | | | |
